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Old 18th Aug 2004, 09:27
  #71 (permalink)  
pug munter
 
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Whilst the US are threatening to use the WTO against Airbus, has it asked the WTO to review its actions against Boeing?

The WTO is critical of American tax treatment of companies, based in offshore tax havens, which are used to manage the international sales activities of several major US corporations including Boeing.

A quick google search gets interesting results:

According to Senator Max Baucus (D-MT), the Ranking Member of the Senate Finance Committee, offshore tax dodges cost the US government at least $70 billion in revenue each year. [1] This amount alone is nearly as high as the $74.7 billion requested by the Bush administration to pay for the war in Iraq and the first stages of rebuilding and humanitarian relief.
see:
http://www.ips-dc.org/citiesforpeace/profiteer.htm

It just seems nothing is as obvious as it initially looks.

cheers

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