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.”
The OECD offered its latest developments and guidance on the global minimum tax rules and their implications for multinational corporate tax departments — Here’s a brief overview The 38 member-countries
The Hong Kong Monetary Authority (HKMA) has launched its Sustainable Finance Action Agenda, outlining a comprehensive strategy to reinforce Hong Kong’s standing as a leading sustainable finance hub
Over the past two weeks, United Nations member countries started substantive negotiations for the first-ever UN Framework Convention on International Tax Cooperation; a historic process that reflects
The Securities and Exchange Commission has ended its yearslong case and appeal against a cryptocurrency firm whose CEO has ties to the White House, the CEO said Wednesday. Brad Garlinghouse, the CEO