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Mr Alan
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Washington State is a blue state, meaning that it votes Democratic in the "winner takes all" US Presidential elections. The Republican President and the Republican controlled Congress do not really care much about Boeing jobs in Washington State.
Tax cuts (corporate and individual) have long been on the Republican Party (and especially George Bush) agenda and are not related to Boeing's problems with free trade. Such tax breaks are available to US and foreign corporations which do business in the US. The tax rates were not lowered as some sort of ruse to help Boeing. Individual tax cuts also went into affect.
There is a move in Washington State to give Boeing more local tax breaks to offset the direct EU subsidies to Airbus. As I previously mentioned, these local tax breaks are common, and have been given to foreign corporations in the US like Honda, Toyota, BMW, etc who move factories to a particular location. The local communities give the tax breaks (usually property tax breaks) because their net tax revenue, even after the tax breaks, increases when new manufacturing plants are built in their community.
I think that the article you referenced was merely quoting the claim by the EU that Boeing gets subsidies, and not an objective determination that they do get them. There is no documentation given to support that (other than local tax breaks).
Any objective analysis of this situation would show, although Boeing had a clear advantage from being in the aircraft manufacturing business for many years before Airbus, they did not receive direct government aid to anywhere near the extent that Airbus has (basically some local tax breaks that all corporations get). But that could change if the Airbus subsidies continue.
The EU has already set a precedent (in denying the GE/Honeywell merger) that they decide these issues, not on the basis of free trade or anti-trust issues, but on the basis of how many jobs are effected in the EU (which they freely admitted). On that basis, it may not be long before this escalates into WWIII.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 12:57 am on Jan. 25, 2005
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Smegma
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Quote: from Mr Alan on 12:51 pm on Jan. 25, 2005
I think that the article you referenced was merely quoting the claim by the EU that Boeing gets subsidies, and not an objective determination that they do get them. There is no documentation given to support that (other than local tax breaks).
I am not sure we are reading the same thing. The articles I mentioned discuss an study made in the USA by Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP) (who are those guys? I have no clue) and an article released by the office of a member of the US Congress in relation to a LAW that "provides huge tax breaks to wealthy companies such as Boeing."
My comment about the federal support of state tax breaks specific to Boeing during WTO negotiationwas not in reference to any specific article. But I can go and look for one that discuss the matter if you want. 
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 1:06 am on Jan. 25, 2005
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Mr Alan
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Quote: from Smegma on 11:46 pm on Jan. 24, 2005
I agree with Alan. Boeing does not receive any tax breaks from the government. It receives tax..... errrr....loopholes.
These so called loop-holes are tax deductions, which are available to all corporations, including foreign corporations who do business in the US. Individuals get tax deductions also, such as when they contribute to charities.
In addition, if a company has a loss, they can deduct the loss from income in subsequent or prior years (loss carry-forward), for up to 5 years. The US tax code has been like that for many, many years. So if Boeing had a loss several years ago, they might not have to pay any taxes in the current year even if they have current net income. This applies to all companies who do business in the US (even mine).
Tax rates (individual and corporate) are lower in the US than most EU countries, but citizens get less services from the US government, so US companies must pay higher wages on average. And US tax rates vary from year to year.
If these things are used as an excuse by the EU for direct subsidies to Airbus, then we might as well throw out the entire WTO and start a trade war right now.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 1:10 am on Jan. 25, 2005
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Smegma
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Now one question Alan, a tax deduction is not the same as a tax break? Right?
Now, individual get a tax deduction when they give to charity as you say. But their tax rate never falls below zero. Even if they get refunds. How come some USA corporations can have negative tax returns? Better do not answer this one. I am too stupid and probably will not understand the complicated accounting.
So those tax breaks are available to everyone? Geez, that is the solution then. Airbus should move their plants to the USA. This way it could not complaint about the tax breaks, sorry deductions, that Boeing gets under the "FSC Repeal and Extraterritorial Income Exclusion Act of 2000." Stupid Airbus; instead of complaining they should move to the USA.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 1:18 am on Jan. 25, 2005
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Mr Alan
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Quote: from Smegma on 12:00 am on Jan. 25, 2005
I am not sure we are reading the same thing. The articles I mentioned discuss an study made in the USA by Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP) (who are those guys? I have no clue) and an article released by the office of a member of the US Congress in relation to a LAW that "provides huge tax breaks to wealthy companies such as Boeing."
My comment about the federal support of state tax breaks specific to Boeing during WTO negotiationwas not in reference to any specific article. But I can go and look for one that discuss the matter if you want.
These are left-wing groups in the US who think that any tax deduction given to a corporation is wrong and that corporate tax rates should be much higher.
I have never heard of any US Federal tax break available to Boeing that is not available to other corporations in a similar line of business (manufacturing, etc). If you can authoritatively cite the details of such a US Federal income tax break only available to Boeing, I would like to see it. BTW, the US IRS tax code is available on-line.
As I already explained, Washington State has proposed new local tax breaks to keep Boeing from moving to another state, but these are quite common, even for BMW, Honda, Toyota etc in the USA.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:20 am on Jan. 25, 2005
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Basher
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f*** me they are still at it,
booooooooring!
talk about tits and fannys, they are both news and an anouncement!
if you want politics got thaivisa and have a bout in the shitpit
Bash
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 1:26 am on Jan. 25, 2005
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manowar
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Quote: from Smegma on 11:25 am on Jan. 24, 2005
Such a big quote and so little said. That has to be one of the highest quote-to-post ratios ever.
?? 5555
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:28 am on Jan. 25, 2005
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Smegma
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Quote: from Basher on 1:20 pm on Jan. 25, 2005
f*** me they are still at it,
booooooooring!
Agreed. Arguing with Alan gets boring after a while. He never lets go even when he is (rarely) right. 
Alan, I am not discussing if Boeing gets singled out to receive federal tax breaks. I think it doesn't. But Boeing gets to as one among a select group that hugely benefit from some very specific laws. In that select group there are not thousands of corporations. When Boeing is among the top 10 beneficiaries of "general" tax breaks I do not think it needs additional specific ones.
Ooops, here I am again at it. Ok, I will stop. This is really boring.
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Thai Girls : Meet Active Thai Girls
Posted on: 1:39 am on Jan. 25, 2005
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Mr Alan
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Quote: from Smegma on 12:12 am on Jan. 25, 2005
Now one question Alan, a tax deduction is not the same as a tax break? Right?
Now, individual get a tax deduction when they give to charity as you say. But their tax rate never falls below zero. Even if they get refunds. How come some USA corporations can have negative tax returns? Better do not answer this one. I am too stupid and probably will not understand the complicated accounting.
So those tax breaks are available to everyone? Geez, that is the solution then. Airbus should move their plants to the USA. This way it could not complaint about the tax breaks, sorry deductions, that Boeing gets under the "FSC Repeal and Extraterritorial Income Exclusion Act of 2000." Stupid Airbus; instead of complaining they should move to the USA.
As I previously said, if a corporation has a loss in one year, it can apply that loss (forward or backward for up to 5 years) to a year when they have a profit to reduce taxes. This applies to business and it has been that way for a very long time, and also applies to foreign corporations who do business in the US.
A tax deduction in the US is when you reduce your taxable income by doing something the government wants you to do. For example, if the government wants you to hire more physically disabled workers, it may offer tax deductions (also known as incentives or breaks) to hire such people.
For individuals, you can deduct the interest payment on your home mortgage, but cannot deduct your interest payment on anything else (like cars or credit cards). This is because the government sees the home building business as critical to the economy and to society. The government wants people to own their homes. Over the years, there have been many such "tax breaks" in the US tax code if you do something the government wants you to do, both for individuals and corporations.
Left-wingers (like the New York Times) think that all the problems of the world would be solved by raising the taxes for the rich and for corporations (like in the EU). That is why they refer to deductions as "giveaways, breaks, and loop-holes." Many left-wingers even claim that legitimate business expenses used to reduce taxable income are loop-holes. That is just part of socialist psyche.
Clearly, many economists in the US think that the main reason the US is a economic and military superpower is the US is more amenable to business prosperity as compared to most of the world, and even the EU.
The US would not mind if taxes are lowered in the EU (in the spirit of free-enterprise), but don't like it when governments start giving direct aid to only certain private companies like Airbus which are in competition with US companies. So if all corporate taxes where lowered in the EU, that would help Airbus, other EU corporations, and US companies who do business in the EU, and everyone would be happy.
The solution is not as simple as moving the Airbus production to the US where tax rates are lower. Because none of this is about taxes, subsidies, anti-trust, free-trade, or fair-trade. It is about JOBS.
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Thai Women : Meet Matured Thai Women
Posted on: 1:47 am on Jan. 25, 2005
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manowar
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Mr. Alan,
Trying to explain the US tax laws to other nationals is futile because even our own IRS cannot explain it fully to everyone's satisfaction. That is why there is movement in US and Bush is considering ( but may lack political capital or courage to carry it through) and that is to abolish income tax altogether and replace it with a national sale tax or value added tax. Then there will be no more discussion/suspicion of if someone gets a "tax break", "tax loopholes", "tax deduction".......etc. Like I said before, they are going to rob you one way or another, it's just that the Republicans want to rob you a little less and the Democrates want to rob you a lot more.........
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:54 am on Jan. 25, 2005
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