Copyright 2000 The New York Times Company: Abstracts
Information Bank Abstracts
WALL STREET JOURNAL
September 14, 2000, Thursday
SECTION: Section B; Page 4, Column 5
LENGTH: 74 words
HEADLINE:
HOUSE PASSES BILL TO REPLACE TAX BREAK THAT TRIGGERED
COMPLAINTS FROM WTO
BYLINE: BY JOHN D MCKINNON
JOURNAL-CODE: WSJ
ABSTRACT:
Scrambling to avoid a trade war, the House passes legislation to replace
a business tax break that the World Trade Organization has
deemed an illegal subsidy; even if the measure is signed into law by October 1
to meet a WTO deadline, the European Union is expected to challenge it; the
dispute centers on the US Foreign Sales Corporation program,
which gives US exporters a break on taxes they owe in the US on
income from foreign sources (M)
LOAD-DATE: September 14, 2000
