Should the WTO Determine U.S. Tax Policy?
Monday, December 10, 2001 | 1:30 a.m. – 3:30 a.m.
Wohlstetter Conference Center, twelfth floor, AEI 1150 Seventeenth Street, N.W. Washington, D.C. 20036
About This EventTwice over the past several years, judicial bodies of the World Trade Organization have ruled that the U.S. foreign sales corporation tax provisions, which provide a tax benefit for U.S. exporters, constitute an illegal export subsidy. As a result, the European Union, which brought the original suit, has threatened to impose sanctions against the United States affecting exports worth some $4 billion. U.S. trade representative Robert Zoellick has called this dispute and threat "an atomic bomb" hanging over the WTO and U.S.-EU relations--yet at this time, no feasible compromise has been suggested by either side. At this seminar, leading trade and tax experts will discuss the likely impact that WTO action may have on U.S. tax policy toward multinational corporations.
|1:30||Introduction:||J. Michael Finger, AEI|
|Panelists:||Dave Brumbaugh, Congressional Research Service|
|Mihir Desai, Harvard University, NBER|
|Gary Hufbauer, Institute for International Economics|
|John Meagher, PriceWaterhouse Coopers|
|Moderator:||Kevin A. Hassett, AEI|