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WTO trade penalties could hit carriers. (The Week).(Brief Article)
Ending a bitter five-year dispute over illegal U.S. corporate tax breaks, the World Trade Organization ruled that the European Union can impose a record $4 billion in sanctions on U.S. exports. The ruling meets EU claims of the annual losses suffered by firms in its 15 member states as a result of the tax concessions to their U.S. competitors, including Boeing, Microsoft …
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