In a development aimed at further boosting the adoption of electric vehicles the U.S. Senate Finance Committee has advanced legislation aimed at boosting the tax credits for electric vehicles to as much as $12,500, as long as they are assembled… Read More ›
tax credits
Drugmaker Amgen Inc to pay $6 billion to $6.5 billion in taxes over a span of time
Amgen stated the U.S. repatriation tax will impact its current generally accepted accounting principles (GAAP) earnings forecast, but will not have any affect on its non-GAAP forecast. With U.S. President Donald Trump signing the new tax bill into law on… Read More ›
Foxconn’s proposed LCD Display plant at Wisconsin gets approved by Wisconsin’s State Assembly
The overwhelming approval by Wisconsin’s State Assembly is despite financial concerns raised by the state’s Legislative Audit Bureau. On Thursday, the Republican-controlled Wisconsin State Assembly has voted 59-30 to approve a bill that paves the way for a $3 billion… Read More ›
Weak oversight surrounds Wisconsin-Foxconn LCD Screen plant deal: Legislative Audit Bureau
Given Foxconn’s global track record in job creation and the systemic deficiencies in the Wisconsin Economic Development Corporation’s working, Foxconn’s LCD screen manufacturing plant in Wisconsin has significant challenges ahead. Going by audits conducted at the state of Wisconsin, the… Read More ›
Wind power gains prominence at the expense of solar
The new administration in the United States is promoting wind power at the cost of solar through extended tax cuts. With the U.S. Congress extending generous tax credits for renewable energy projects, wind industry in the country is thriving. However,… Read More ›