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Global Trade Alert

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United States of America: Adoption of rules regarding transparency in the granting of tax abatements by state and local governments

Description

The Governmental Accounting Standards Board (GASB) adopted in August 2015 a policy (Statement No. 77) with respect to tax abatements that is expected to impose stricter transparency and discipline wit...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 Dec 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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