Boeing Co, the biggest planemaker, and Motorola Inc are among the US companies that will be the most hurt from a bill that proposes to scrap a 30-year old corporate tax break, the Wall Street Journal reported, citing US Representative Amo Houghton. The US is facing pressure from the WTO to end its Extraterritorial Income Exclusion, which has helped US exporters preserve their profits, the WSJ said. The US$5 billion-a-year subsidy sparked a trading dispute between the US and Europe.
Home / World Business Quick Take
Thu, May 02, 2002 - Page 21 News List
US firms stand to lose
This story has been viewed 1986 times.
Listing from 2014-08-13 to 2014-08-20
- Most read
- Most e-mailed
1Asian stocks rise on ongoing stimulus bets
2PlayStation 4 sales hit 10 million mark in less than a year
3Ballmer rallies Clippers fans into a frenzy
4Italian eatery under fire over Nazi-themed dish
5Labor activists target premier’s CNFI meeting