Boeing (BA) Says in Response to WTO Ruling That It Expects to Preserve Washington State Incentives
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WTO rules against tax break for Boeing 777X jet
November 28, 2016 10:27 AM ESTBy Tim Hepher and Tom Miles
(Reuters) - The World Trade Organization (WTO) ruled on Monday a tax break from Washington state to help Boeing (NYSE: BA) develop its new 777X jetliner was a prohibited subsidy, in a setback for the U.S. planemaker as it eyes victory in a parallel case against Airbus.
The WTO said the subsidy came in the form of a renewed cut in Washington state's main business tax for aerospace agreed in 2013, when Boeing was considering where to base assembly of the latest member of its... More
