It’s hard to look at the spectacle but curiously hard to look away too. In some ways, it can make you feel lucky that you’re not among the rich and famous. Do they have tax problem, too? Surprisingly, there are some big tax issues at play that might be creeping up on the once smitten
Taxes
Beth Viola and Nicole Elliott of Holland & Knight LLPdiscuss the latest clean energy tax proposals and the likelihood of their passage in Congress. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: clean energy
West Virginia Senator Joe Manchin set off environmentalists last week when he said tax credits to subsidize the purchase of electric vehicle (EV) tax credits are “ludicrous.” His argument: It makes no sense for government to subsidize EV purchases when demand for the vehicles far exceeds supply. In the short run, Manchin is right. But
Share to Facebook Share to Twitter Share to Linkedin A few days ago, Senate Majority Leader Chuck Schumer (D–NY) unveiled his solution for rising prices: higher taxes. This episode of What’s Ahead lays out why Schumer’s nostrum is the economic equivalent of doctors who centuries ago thought bleeding patients was a great cure for all
Things have been quiet at ExxonMobil Corp. ever since activist investor Engine No. 1 unexpectedly snatched a quarter of the company’s board seats last June in a strong rebuke of the company’s climate strategy. Engine No. 1 was able to stage a coup because ExxonMobil’s shareholders were fed up — no small feat in an