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While I agree with everything you said, I would add that I think the US government is being anti-competitive here and a bit underhanded. Boeing has historically
by verelo 9y ago
While I agree with everything you said, I would add that I think the US government is being anti-competitive here and a bit underhanded. Boeing has historically got a pretty sweet deal from the US government [1] in tax breaks, $8.7B worth! Not in the form of R&D grants like BBD get from Canada, a similar approach they take to other industries such as software development [2]. The outcome here is virtually the same, it’s just an alternative approach.
This to me is pretty absurd show of irony and somewhat provocative move by the government.
On the plus side, my BBD stock jumped 20% today, so I unloaded it. Not all bad news I suppose...
[1] https://www.reuters.com/article/us-wto-boeing-idUSKBN19029Q https://www.reuters.com/article/us-wto-boeing-idUSKBN19029Q
[2] https://www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program.html https://www.canada.ca/en/revenue-agency/services/scientific-...
- allengeorge 9y agoOh, definitely - I t’s a case of the pot calling the kettle black. Not only does the US give Boeing huge tax breaks, but the defense expenditures are calculated to subsidize the commercial aircraft program. Unfortunately for us Canadians neither BBD or the government has the means to take on Boeing and the US respectively. My only hope - and a slim one - is that Boeing is permanently frozen out of defence procurement here.