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Ummm, yeah...

June 6 2002 at 3:42 PM
Jaffa Tamarin  (Login Jaffa_Tamarin)
from IP address

Response to Almost forgot the other shot....


I found some references. Tax law isn't my speciality, and it's all rather technical, but it seems the EU is complaining about specific tax breaks the US gives to companies on profits made selling abroad. Which (they say) acts as a subsidy on exports and so is illegal under WTO rules.

Categorizing it as the EU complaining about low US taxes is something of a gross over-simplification, IMO.

Edit: these trade disputes seem to be something of a game played by diplomats, and have actually more to do with appeasing indigenous pressure groups (as in the recent US decision to impose tariffs on steel imports). In reality, the EU knows perfectly well that they gain a lot more from keeping the US economy healthy and vibrant (and vice versa), and suggesting that they're busy hatching secret plots to cripple the US is just not credible.

This message has been edited by Jaffa_Tamarin from IP address on Jun 6, 2002 3:57 PM

 Respond to this message   

  1. What? - Jester on Jun 6, 2002, 11:47 PM
    1. Slip slidin' away... - Ozymandous on Jun 7, 2002, 7:30 AM
    2. Tilt: National agendas in business - Occhi on Jun 7, 2002, 7:41 AM
      1. Tilt .. tilt .. fallen over! - Jaffa Tamarin on Jun 7, 2002, 8:18 AM
        1. Not to regulate . . . no . . . - Occhi on Jun 7, 2002, 9:58 AM
      2. Absolutely - Jester on Jun 7, 2002, 12:35 PM
        1. Ah, I smile - Occhi on Jun 7, 2002, 1:09 PM
          1. Yeah - Jester on Jun 7, 2002, 2:11 PM
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