Editorial: Taxes and trade sanctions

03/08/2004
A country can make constructive use of some assaults on its sovereignty. The US should do so now, with European Union trade sanctions taking effect after a series of contrary rulings by the World Trade Organization.The WTO has rebuffed every US effort to answer European objections to tax treatment of foreign earnings by American companies. On Mar. 1, EU countries began exercising WTO approval of retaliatory tariffs on US goods worth a total of $4 billion. The US has three ways to respond: submit, retaliate in defiance of the WTO, or overhaul relevant tax laws. The last option is the best. The laws need changing—and not just because the WTO says so.Foreign pressureIn an election year...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected