US: Treasury finalizes tax credit rules to aid renewables

The Treasury Department finalized rules for a major clean energy tax cut Wednesday.

The credit, extended by the 2022 Inflation Reduction Act, is a potential boon for offshore wind, geothermal, energy storage and other sectors. It’s in effect for projects that begin construction before Jan. 1, 2025, at which point the current energy tax code is overhauled with two “tech-neutral” clean energy perks passed in the IRA.

“The Inflation Reduction Act has given clean energy project developers clarity and certainty to undertake major investments and produce new clean power to meet growing electricity demand,” Deputy Treasury Secretary Wally Adeyemo said in a statement. “Today’s announcement will help lower consumers’ utility bills, strengthen U.S. energy security, and create good-paying jobs.”

29 January 2024

GUERNSEY: Guernsey-based Funds Channel Additional £13 billion into UK Economy

Press Release from Guernsey Finance, Monday 29 January, 2024.  The contribution that Guernsey’s finance sector makes to the UK economy has been highlighted in research conducted by Frontier Economics

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5 September 2025

ARGENTINA: Argentina’s Golden Visa Is A Game-Changer With U.S. Visa Waiver Potential

When the Argentina golden visa program launches soon, it could become a significant player in the global market, because it intends to rejoin the U.S. visa waiver program, and because it offers visa-free

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12 March 2024

ASIA: South Korea Plans Crypto Asset System to Combat Tax Evasion

South Korea is gearing up to launch a crypto-focused asset management system by 2025 to curb tax evasion, as reported by local news. Following the approval of Bitcoin ETF trading in the US, investment

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28 February 2025

US: IRS Rooting Out Offshore Tax Evasion With ‘John Doe’ Subpoenas

The IRS has long investigated taxpayers who evade federal tax obligations by concealing taxable income in offshore tax havens or jurisdictions that provide for financial secrecy. Historically, the agency

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