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Europe Daily Bulletin No. 8163

4 March 2002
Contents Publication in full By article 17 / 43
GENERAL NEWS / (eu) eu/united states/fsc
Congressional hearing shows US recognises need to significantly rethink tax aid scheme

Brussels/Washington, 04/03/2002 (Agence Europe) - At a hearing in Congress on the "FSC" affair, US politicians and legislators assessed the problems surrounding the issue of reforming the export tax aid scheme to bring it into line with World Trade Organisation (WTO) rules. Given the WTO's analysis, we believe that a significant change will have to be made in the US tax system, said international taxation advisor at the US Treasury Barbara Angus, noting that the system has been condemned by...

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