​A World Trade Organization panel on Monday ruled that Washington state offered billions in illegal tax breaks to plane maker Boeing, and that the U.S. government must take action to end the plans within months. 'Prohibited' subsidiesMonday's decision found that the support Washington state promised to give Boeing from 2024 to 2040 amounted to "prohibited" subsidies. The state of Washington promised Boeing billions of dollars in subsidies from 2024 to 2040. Rejecting some of the EU claims, the WTO found that only one of seven tax incentives provided by Washington state amounted to illegal subsidies for wings for the wide-body jet. Airbus had already confidently predicted victory at the WTO over the Washington state tax incentives, saying during the latest tit-for-tat showdown in September that the alleged subsidies would "almost certainly be condemned as illegal."

Source: CBC News November 28, 2016 16:48 UTC