Another World Trade Organization ruling against the U.S."The E.U. will not accept a system of tax benefits which give U.S. exporters, including Boeing, an unfair advantage against their European counterparts." European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community senior trade official Peter Mandelson The Rt Hon. Peter Benjamin Mandelson (born 21 October 1953) is the current British Commissioner of the European Union for Trade. Before taking this post, he was a British Labour politician, and served as Member of Parliament for Hartlepool for twelve years. was pleased when the WTO See World Trade Organization. agreed with the E.U.'s claims regarding U.S. tax laws. The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. claimed that its tax law was not a subsidy. He indicated that U.S. failure to repeal a tax law would result in sanctions against our nation, a step that the WTO would approve. |
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