International Air Transport Association (IATA) urged (08-Mar-2012) US policy makers to improve aviation competitiveness by easing the tax and regulatory burdens on the airline industry. IATA believes policy makers at state and local level need to recognise the aviation industry generates up to USD1.3 trillion in annual US economic activity, accounts for 5.2% of GDP, and is a valuable economic driver. “If you want to discourage something, wrap it in a web of restrictive regulations and taxes. Taxes and fees now represent 20% of a US ticket. The Federal Aviation Administration’s (FAA) 2013 budget proposal heaps even more taxes on aviation, with much of the receipt used to balance the budget or reduce the deficit," said IATA director general, Tony Tyler. [more - original PR]
IATA urges US policy makers to improve aviation competitiveness by easing tax burdens on carriers
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