Generous subsidies are helping the United States steal green industries from Europe, as countries race to secure the energy supplies of the future.
Tag: Tax Credits, Deductions and Exemptions
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
New U.S. Solar and Electric Car Factories Face Familiar Challenge: China
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
A Lucrative Tax Credit for Making Clean Fuel Won’t Be So Easy to Get
Experts had warned that efforts to build a vast new hydrogen industry could inadvertently worsen global warming. New rules aim to avoid that.
France Plans to Lure FIFA With the Promise of a Tax-Free Home
A plan to persuade sports federations to move to the country could save them millions. Supporters and critics of the proposal say it is intended to tempt one governing body in particular.
Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
A Rural Michigan Town Is the Latest Battleground in the U.S.-China Fight
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
U.S. Issues Final Rules to Keep Chip Funds Out of China
The rules, which aim to prevent chip makers from using new U.S. subsidies to benefit China, take into account the industry’s perspective.
Netanyahu Trial Gets a Hollywood Mention From a Political Rival
Yair Lapid, a former colleague and now nemesis of Prime Minister Benjamin Netanyahu, testified that he had been asked to help a wealthy film producer with a tax break.
Some U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China
U.S.-based manufacturers of solar products say rules issued by the Biden administration on Friday will “cement China’s dominance” over the solar industry.