Press Release: USA-Foreign Sales Corporation – Pascal Lamy welcomes US Senate vote

Author (Corporate)
Series Title
Series Details IP/04/636 (12.5.04)
Publication Date 12/05/2004
Content Type

In a further step towards US compliance in a long standing trade dispute between the European Union and the US, on 11 May 2004 the US Senate adopted the JOBS Act, a bill which repeals the Foreign Sales Corporation tax /Extra Territorial Income Act (FSC/ETI).

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