Offshore Incentives

Latest News for: Offshore incentives

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Manitowoc letter-writer calls for supporting Corporate Tax Dodging Prevention Act

Herald Times Reporter 05 May 2024

Corporations regularly use loopholes and aggressive tax breaks to avoid paying their fair share in taxes, from stashing profits in offshore tax havens like the Cayman Islands to getting tax incentives for shipping jobs overseas ... U.S. Sen ... Rep ... 991 & H.R.

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France Crafts Offshore Wind Expansion to Meet Climate Goals

Oil Price 02 May 2024

... plan encompassing tenders and incentives aimed at increasing its offshore wind capacity sixfold by 2035.

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More offshore wind farms? New Jersey opens 4th round of bidding

app 01 May 2024

Three offshore wind farms are underway in New Jersey ... New Jersey lawmakers and agencies have provided a variety of tax incentives and programs to entice offshore wind developers to continue their projects.

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Happy Tax Day

The Knoxville Focus 16 Apr 2024

Happy Tax Day. By Dr. Harold A. Black. blackh@knoxfocus.com. haroldblackphd.com ... However, there will be increased incentives to move corporate activity offshore to lower-tax countries. There will be increased incentives by individuals to shelter income ... ....

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Crypto Market Conditions That Fueled FTX, Bankman-Fried, No Longer Hold: Galaxy Digital

CoinDesk 02 Apr 2024

U.S. investors now have access to regulated bitcoin ETFs that provide the same protections as buying stocks and reduce the incentive to move to unregulated offshore exchanges, the report said ... .

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Orsted bids new offshore wind project for State Pier in New London

The Day 27 Mar 2024

offshore wind supply chain,” Ørsted said in a statement ... New guidance on the federal tax credits available for offshore wind farms announced last week have advocates optimistic that offshore wind companies now have better incentives to build.

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GSE seeks tax incentives to boost investor participation

B & FT Online 27 Mar 2024

She believes the tax break, coupled with tax incentives for listing companies, would significantly enhance the market’s attractiveness for domestic and offshore investors alike.

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More for Them, Less for Us

Scheerpost 27 Mar 2024

Congress must also close loopholes and eliminate wasteful tax breaks, for instance by removing the incentives for American firms to shift profits and production offshore.

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Tax credits likely a boon to offshore wind industry in Connecticut

The Day 25 Mar 2024

Paul Lavoie, chief manufacturing officer for Connecticut and chairman of the board for the Connecticut Wind Collaborative, said federal tax credits provide needed incentives for the offshore wind companies to invest in Connecticut.

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More for them, less for us: Scores of profitable U.S. firms pay their CEOs more ...

Sun Sentinel 19 Mar 2024

Congress must also close loopholes and eliminate wasteful tax breaks, for instance by removing the incentives for American firms to shift profits and production offshore.

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Senate Ethics Complaint Filed Against Sen. Whitehouse over Conflicts of Interest Concerning His Consultant Wife

Texas Border Business 07 Mar 2024

Image Source ... Judicial Watch ... Judicial Watch argues in support of an investigation. ... For example ... (3) Offshore Wind Incentives for New Development (WIND) Act (ENACTED) ... The Act “extend the 30 percent Investment Tax Credit for offshore wind through 2025” ... .

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PV firms eye offshore energy potential

ECNS 05 Mar 2024

As demand for renewable energy surges across the world, China's solar power companies are turning their attention away from onshore to harness the untapped opportunities and vast potential of offshore solar energy.

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Tax the Non-Doms? We’d be Better Served if Politicians Embraced Tax Competition

The Daily Sceptic 05 Mar 2024

The benefits of taxing £10.9bn of offshore earnings Against the loss of the non-dom charge which presumably won’t exist, plus the loss of onshore taxation if non-doms leave ... long as they stay offshore.

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Gov. Maura Healey seeks to reauthorize $1 billion for life sciences, climate technology

The Berkshire Eagle 01 Mar 2024

That includes a $35 million annual offshore wind tax credit, plus a new climate tech tax incentive program subject to a $30 million annual cap and with awards subject to approval by Gorzkowicz, ...

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Seadrill Announces Fourth Quarter and Full Year 2023 Results

Tyler Morning Telegraph 28 Feb 2024

Though 2024 will certainly have some challenges, our optimism about the medium- and longer-term outlook for the offshore deepwater drilling industry and our competitive positioning within it remains positive and unchanged.".