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Europe Daily Bulletin No. 7790

2 September 2000
GENERAL NEWS / (eu) eu/united states
European Commission says US Congress proposal on Foreign Sales Corporations (FSC) is incompatible with WTO rules

Brussels, 01/09/2000 (Agence Europe) - The European Commissioner with responsibility for trade policy, Pascal Lamy, has informed the United States administration that, according to the Commission, the proposal for modification of the tax scheme known as "Foreign Sales Corporations", currently being examined by the United States Congress, is not compatible with rules of the World Trade Organisation (WTO). The changes foreseen would not do away with the incompatibilities already condemned by...

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