Tax
The Biden administration on Friday issued guidance that makes much of the country eligible for tax credits intended to offset the cost of installing electric vehicle chargers. Consumers and businesses can claim the credit for charging equipment installed for public or private use at homes or on business properties. The initiative aims to make it […]
The U.S. and Canada are sparring over another trade issue. They’ve put disputes over softwood lumber and dairy products behind them; now they’re at odds over Canada’s proposed tax on digital services. The Biden administration says it’s unfair to U.S. businesses. But, as Canada points out, other countries are already charging the tax. Ottawa wants to […]
Efforts to fight global warming could suffer a setback next year when new rules reduce the number of electric cars that qualify for a federal tax credit. The credits, up to $7,500 a vehicle, have helped make electric cars more affordable, bringing the cost of some models below $30,000. Next year, for the first time, […]
There are many tax credits and other incentives that minority-owned businesses should look into. — Getty Images/kali9 Minority-owned businesses play a crucial role in bolstering our nation’s economy. Over the last 10 years, minority enterprises comprised more than 50% of new U.S.-based businesses and created 4.7 million jobs. In total, over four million minority-owned businesses […]
The Biden administration on Thursday outlined its plans for deploying billions of dollars’ worth of tax credits for manufacturers that produce clean energy products in the United States. The incentives are a key part of President Biden’s strategy to reduce America’s reliance on countries like China for production of electric vehicles. The proposed rules, released […]
Washington — The Supreme Court appeared inclined to leave in place an obscure tax provision enacted during the Trump administration during oral arguments on Tuesday, with several of the justices expressing concerns with the repercussions of a broad decision in the closely watched case. The dispute before the justices, known as Moore v. U.S., involves […]
LawFlash December 04, 2023 Private equity, hedge fund, and other investment fund sponsors should be aware of the recent development in the Internal Revenue Service’s (IRS’s) audit campaign with respect to potential liability for Self-Employment Contributions Act (SECA) tax on investment professionals through their limited partnership interests in fund […]
Following a highly revealing (and very entertaining) interview on ‘Vibes With Five’–podcast of former England International and Manchester United legend, Rio Ferdinand (@rioferdy5)–former Super Eagles Skipper, John Obi Mikel (@mikel_john_obi) is now in the eye of the social media storm. In the interview, the 2013 African Footballer of the Year, who had an illustrious career […]
Car miniature, “Electric vechicles (EVs)” words, U.S. and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights WASHINGTON . . .
Six years ago, an executive from Suniva, a bankrupt solar panel manufacturer, warned a packed hearing room in Washington that competition from companies in China and Southeast Asia was causing a “blood bath” in his industry. More than 30 U.S.-based solar companies had been forced to shut down in the previous five years alone, he […]