WTO again rules against US law in Boeing case

[Reuters| November 28, 2016 |The New York Times] The World Trade Organization ruled on Monday that a tax break from Washington State to help Boeing develop its new 777X jetliner was a prohibited subsidy. The ruling was a setback for the aerospace giant as it seeks victory in a parallel case against its European rival, Airbus. The trade organization said the…

House GOP Business-Tax Plan Upends U.S. Policy, Bares Corporate Fault Lines

[Richard Rubin| November 24, 2016 |Wall Street Journal] WASHINGTON—Fault lines inside the corporate world are emerging over a proposed rewrite of the U.S. tax code, pitting importers against exporters. At the heart of the fight is a Republican plan in Congress that would impose corporate taxes on imports while eliminating them from exports, a move that would upend decades of tax…