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Old 23rd Sep 2016, 14:10
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CONSO
 
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Originally Posted by oblivia
Global trade rules have nothing to do with economics. They're about politics and, more specifically, American imperialism.
Actually the US agreed to GATT92 which allowed Airbus to become viable thru low cost government loans. But the system was gamed such that payback of loans in some cases did not happen because sales ' targets' were not met by certain dates- and the loans get forgiven. Writeoff of loans is different than tax breaks- one must make a profit to pay taxes at any rate. By and large Boeing has to finance planes thru normal loans and retained profits.

Airbus- EADS gets the option to not pay back. But both sides game the system .
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