US loses appeal against WTO ruling on tax breaks
The US has lost an appeal over the WTO rulings in a long-running dispute with the EU concerning the foreign sales corporations tax regime. The EU could now in principle impose retaliatory sanctions of up to 4 billion dollars but it is expected that Brussels will want to prevent a new major trade war.
The US has lost an appeal over the WTO rulings in a long-running dispute with the EU concerning the foreign sales corporations tax regime. The EU could now in principle impose retaliatory sanctions of up to 4 billion dollars but it is expected that Brussels will want to prevent a new major trade war.
