Boeing Asks To End $100 Million Tax Break
BOEING WANTS TO END A $100 MILLION TAX BREAK IT GETS. HERE'S WHY..
(CNN) – Aircraft maker Boeing says it wants to end a $100-million tax break it gets from its home state.
The World Trade Organization says the tax break Washington state gives Boeing violates its rules.
The WTO restricts government support for exports.
Its determination could open the door for retaliatory tariffs from the European Union.
So, state lawmakers are trying to remove the tax break quickly.
And, Boeing supports the effort.
Boeing and airbus have been feuding over alleged government support for decades.