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Europe Daily Bulletin No. 8127

12 January 2002
GENERAL NEWS / (eu) eu/united states
FSC case drawing to an end

Brussels/Geneva, 11/01/2002 (Agence Europe) - The World Trade Organisation (WTO)'s appeal body will be ruling on Monday afternoon on the legality of the tax exemptions for US exporting companies - a longer and revised version of the "Foreign Sales Corporations" system (FSC) that has twice already been ruled illegal by the WTO following challenges from the EU. This latest verdict in a case dating back more than two decades is awaited with a certain amount of trepidation on either side of the...

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