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.”
Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. UBS Group AG is adding staff as it looks to double the assets it manages for millionaire clients in
The number of HMRC investigations into serious tax fraud and avoidance has fallen to the lowest level in six years, new figures show. Total investigations, known as Code of Practice eight and nine cases,
Singapore today published its National Anti-Money Laundering (AML) Strategy, as part of continuing efforts to maintain the effectiveness of our AML framework. The National AML Strategy[1] outlines our
Last month’s steep increase in Singapore’s carbon tax illustrates the commitment the country has made to bringing about a carbon-neutral future. Without government intervention and regulation,