WTO set to sanction Boeing over tax breaks - reports

The World Trade Organization is set to rule this week that Boeing Co received illegal tax breaks from Washington state, according to reports in The Telegraph and The Wall Street Journal. The Journal said the trade organization will argue that the Washington state tax break is a prohibited subsidy and will have to be withdrawn, citing people familiar with the matter. The paper said the WTO is not likely to say what the value of the prohibited tax break is, but the European Union has argued that B