November 2, 2001
“We are pleased with the submission made yesterday by the United States in the WTO case on FSC / ETI. If, as presently appears to be the case, the WTO rules or the dispute settlement process produces a WTO bias in favor of one tax system versus another, then a broader solution must be found through negotiations, either in relation to the agreements constituting the WTO or at the least through a bilateral agreement with the EU. An appeal is only a step to this more important goal. Pursuing all available remedies to the panel decision is essential, as the most recent panel decision would cast doubt on widely accepted tax practices that have been used around the world for many years,” said Fred F. Murray, NFTC Vice President for Tax Policy.
Fred F. Murray
Vice President for Tax Policy
National Foreign Trade Council
Telephone: (202) 887-0278, ext. 105
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