Latest News for: Clean energy tax

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Will the Inflation Reduction Act actually reduce inflation? How will the corporate minimum tax work? ...

Cadillac News 28 May 2023
We asked University of Michigan economist Nirupama Rao to examine how the new law will raise enough revenue to pay for clean energy tax credits, Affordable Care Act subsidies and incentives for manufacturers to use cleaner technologies, among other initiatives ... How will the corporate minimum tax work? ... To be subject to the minimum tax, U.S.
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Last-minute Green Deal hiccups expose EU concerns over political costs

The Lawton Constitution 28 May 2023
over President Joe Biden’s green subsidy law, which will offer $369 billion in handouts and tax credits over the next decade for clean-energy programs in North America ... EU diplomats see the French and German maneuvering as a harbinger of a broader debate about how to make the clean overhaul affordable, that will be discussed by leaders.
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Gasoline use isn’t falling fast enough. Targeting ‘superusers’ could help.

Popular Science 28 May 2023
Demand for gasoline this year could end up at around 366 million gallons per day, down 7 percent from 2018, according to analysis provided to Grist by the Rocky Mountain Institute, a clean energy research and advocacy nonprofit ... London says that federal tax credits in the ...
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GUEST VIEW: There's no debate over debt — only about priorities

Lockport Union-Sun 27 May 2023
President Biden’s budget continues and modestly expands many important social services, jobs programs, and clean energy investments, Karen’s written. But because it also reverses some of President Trump’s tax cuts for corporations and the very wealthy, Biden’s budget would reduce the deficit by $3 trillion over 10 years.
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Biden Administration Announces Indo-Pacific Deal, Clashing With Industry Groups

Democratic Underground 27 May 2023
Negotiations are continuing for the other three pillars of the agreement, which focus on facilitating trade and improving conditions for workers, expanding the use of clean energy, and reforming tax structures and fighting corruption ... “Bottom line is, this is about increasing the U.S ... trade priorities that could help American exporters ... Read more ... .
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Biden administration announces Indo-Pacific trade deal

The Spokesman-Review 27 May 2023
Negotiations are continuing for the other three pillars of the agreement, which focus on facilitating trade and improving conditions for workers; expanding the use of clean energy; and reforming tax structures and fighting corruption ...Bottom line is, this is about increasing the U.S ... trade priorities that could help American exporters ... .
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Are lawmakers close to a deal to raise the debt limit?

People's World 26 May 2023
They vow to block destructive cuts to people-serving programs and the clean energy transition ... They also want to repeal most of the energy and tax credits in the Inflation Reduction Act (IRA), blocking the transition to clean energy and boosting the fossil fuel industry, a critical financial backer of the MAGA movement.
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UAE's corporate tax explained: June 1 start, key elements and exemptions

The National 26 May 2023
Eligible businesses across the UAE are preparing for the federal corporate tax that will be introduced next week. The National takes a closer look at some of the key elements that businesses should consider.How much is the tax rate? ... UAE tax. Energy This Week. Expert analysis on oil & gas renewables and clean energy.
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This AI-powered platform answers all your UAE corporate tax queries

The National 26 May 2023
UAE-based Virtuzone's newly launched TaxGPT, an AI-powered platform, has received strong interest from users as the country prepares to introduce corporate tax on June 1 ... Federal Tax Authority board reviews corporate tax implementation progress ... AiArtificial IntelligenceUAE tax ... Expert analysis on oil & gas renewables and clean energy.
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LG, Hyundai Motor’s $4.3 billion EV battery plant to come up in USA

Financial Express 26 May 2023
South Korea’s Hyundai Motor Group and LG Energy Solution will invest 5.7 trillion won ($4.3 billion) to produce electric-car batteries in the US to comply with President Joe Biden’s clean energy tax law, which seeks to encourage domestic production and reduce reliance on Chinese suppliers.
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Letter: Cleaning Lake Mitchell is essential to growth

The Daily Republic 26 May 2023
Voters during the June 6 election should consider how the sale of lake lots can aid in the cleaning of Lake Mitchell ... If we don’t clean up the lake, Mitchell will be passing on future investments, business and tax revenue from those who have put time and energy into building this community for a future generation.
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Letters to the editor: Reject ‘work requirement’ for Medicaid; we cannot give up on Ukraine

Daily Camera 26 May 2023
Other provisions under discussion would repeal tax incentives for clean energy or would open the door for building more polluting energy sources like coal and gas while weakening the public’s right to engage in those permitting decisions ... The Republicans in Congress would trade all that just to keep Trump’s tax giveaway to the wealthy.
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Repealing IRA Energy Tax Credits Would Jeopardize Jobs In Red And Purple States

Forbes 26 May 2023
Inflation Reduction Act clean energy tax credits are worth hundreds of billions in GDP and new jobs to red and purple states ... .
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Dear Congress: Don’t Repeal Clean Energy Tax Credits Worth Hundreds Of Billions To Red And ...

Forbes 25 May 2023
Inflation Reduction Act clean energy tax credits are worth hundreds of billions in GDP and new jobs to red and purple states ... .
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U.S. Clean Energy Tax Credits: Where We Are and Where We Are Going (Sullivan & Cromwell LLP)

Public Technologies 25 May 2023
In this episode of S&C's Critical Insights, Inosi Nyatta, Isaac Wheeler and Sam Saunders discuss the unanswered questions about requirements and qualifications for receiving tax credits for clean energy projects under the Inflation Reduction Act (IRA).

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In this handout photo made available by the State Emergency Service of Ukraine, firefighters hose down a Policlinic following a Russian attack in Dnipro, Ukraine, Friday May 26, 2023.
AP / State Emergency Service of Ukraine via AP
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