It compared the difference at first, with plans for tax breaks for foreign companies (FSC) composed of U.S. companies with overseas branches of U.S. companies with global reach, such as the computer giant Microsoft and Boeing, the manufacturer.
In short, during 2003, held hearings into the WTO on this issue and decided that the tax cuts had violated international trade law. This decision led to a heavy duty 14% to $ 4 billion of U.S. imports ranging from steel and automotive parts to food and textiles.
European Union since the ratification of the convention in 2004, net of tax breaks that Congress is illegal, but it threatened to bring them back in May this year, although that provision is not removed immediately left of transcription by Congress.
The good news is that the United States is no longer the biggest baby on the block for international trade. The European Union and World Trade Organization, one time only for the application of economic policy bridal United States have begun to protest the high cost and unfair tax cuts in the United States.
I just feel a little behind the ball, the U.S., why the European Union stands for economic rights, and we? And entrepreneurs, not the United States
In my answer is very simple. Constant rain and bad information dis-information (also known as propaganda) shot at us from the current administration and our judgment at the local level, and is far from clear vision.
More good news: The global market has never been more profitable to begin with and will leave gaps (needs) exposed by the obstinacy of the conference and certainly compared to the gold container. Obstructed labor opportunities in almost all cases, and this is one of them. Use our creative energies, while the people of God as in all parts of the world, will allow the trader to profit as never before.
The bad news: The U.S. economy continues to suffer more and more people lose their jobs due to economic policies that focus on collecting the war and the deployment ofU.S. policy. I wonder if the current administration and Congress need a refresher course in Roman history.