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Anonymous ID: ee142d March 28, 2019, 9:42 a.m. No.5942786   🗄️.is đź”—kun

WTO rules against tax break for Boeing 777X jet

 

(Reuters) - The World Trade Organization (WTO) ruled on Monday a tax break from Washington state to help Boeing (BA.N) develop its new 777X jetliner was a prohibited subsidy, in a setback for the U.S. plane-maker as it eyes victory in a parallel case against Airbus.

The WTO said the subsidy came in the form of a renewed cut in Washington state’s main business tax for aerospace agreed in 2013, when Boeing was considering where to base assembly of the latest member of its long-haul jet family.

 

It is the third swathe of taxpayer support for Boeing or its European rival Airbus (AIR.PA) faulted by the WTO in a record transatlantic trade spat dating back 12 years, and involving mutual accusations of tens of billions of dollars of aid.

 

The ruling, which can be appealed by either side, comes as the United States ponders the first sanctions against the European Union in more than a decade over earlier subsidy rulings against Airbus.

 

The WTO did not give a value for the banned aid in its latest ruling, but the EU estimated it at $5.7 billion out of an $8.7 billion tax package in Washington, where most Boeing factories are based.

 

Airbus said the measures had cost it $50 billion in sales.

 

https://www.reuters.com/article/us-wto-boeing-idUSKBN13N1JS

Anonymous ID: ee142d March 28, 2019, 9:52 a.m. No.5942926   🗄️.is đź”—kun

May’s offer to quit to save Brexit deal fails

 

LONDON (Reuters) — British Prime Minister Theresa May failed to sway hard-line opponents of her European Union divorce deal on Wednesday with an offer to quit, but Parliament’s bid to agree on an alternative fell short, leaving the Brexit process as deadlocked as ever.

 

May told her Conservative lawmakers she would step down if her Brexit deal was finally passed by Parliament at the third attempt, in a last-ditch bid to win over many of her party’s euroskeptic rebels.

But some were unmoved and the Northern Irish party crucial to getting the agreement through said it would reject the deal again.

 

Britain was supposed to leave the bloc on Friday but Brussels agreed last week to put back the divorce date until April 12 to give it a chance to resolve a three-year crisis that has split the country down the middle.

http://the-japan-news.com/news/article/0005637186