JohnAtronis + 78 JA December 4, 2017 any truth in this? https://www.nytimes.com/2017/12/02/business/tax-bill-offers-last-minute-breaks-for-developers-banks-and-oil-industry.html Quote Share this post Link to post Share on other sites
TraderTate + 186 TS December 4, 2017 I haven't looked into this yet, but was wondering about the consequences for renewables. Seems the solar and wind lobbies are practically calling this the 'end days' for them, but I suspect them might be being a bit melodramatic. Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 4, 2017 15 minutes ago, TraderTate said: I haven't looked into this yet, but was wondering about the consequences for renewables. Seems the solar and wind lobbies are practically calling this the 'end days' for them, but I suspect them might be being a bit melodramatic. I think are referring to the BEAT provision and I'm sure they know yet if that provision is still a concern because no one's seen the actual text. But most seem to think it will pass. Essentially, it creates a tax on equity investments for renewable energy projects, so the industry is worried they'll see investment plummet. Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT December 4, 2017 2 hours ago, JohnAtronis said: any truth in this? https://www.nytimes.com/2017/12/02/business/tax-bill-offers-last-minute-breaks-for-developers-banks-and-oil-industry.html Definitely truth in this. It's about pass-through entities. The new bill reduces tax rates for pass-through entities (the favored vehicle of the wealthy), and oil and gas partnerships are eligible for this reduced tax rate. It drops the top income tax rate from 40% to about 30% in the end. Quote Share this post Link to post Share on other sites
JohnAtronis + 78 JA December 4, 2017 11 minutes ago, Kate Turlington said: Definitely truth in this. It's about pass-through entities. The new bill reduces tax rates for pass-through entities (the favored vehicle of the wealthy), and oil and gas partnerships are eligible for this reduced tax rate. It drops the top income tax rate from 40% to about 30% in the end. and what about the renewables? Other countries fund renewables without the tax credit loophole. Quote Share this post Link to post Share on other sites
Rodent + 1,424 December 5, 2017 6 hours ago, Kate Turlington said: Definitely truth in this. It's about pass-through entities. The new bill reduces tax rates for pass-through entities (the favored vehicle of the wealthy), and oil and gas partnerships are eligible for this reduced tax rate. It drops the top income tax rate from 40% to about 30% in the end. That doesn't sound oil and gas specific, nor does it sound renewable-restrictive. I'm not a tax pro for sure. But how does the pass-through part benefit oil and gas, but not benefit renewables, specifically? Quote Share this post Link to post Share on other sites
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