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MAKE IT STOP

October 03, 2005

The 2004 "American Jobs Creation Act" was Congress' fourth attempt to comply with World Trade Organization's rules on export subsidies.

And the fourth failure.

As only the "transition rules" that phase out the illegal subsidies are illegal, there's at least hope that the dispute will end. But for now, the sanctions that led to the AJCA are set to be re-imposed.

Hat tip: TaxProf Blog.

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