Display:
the problem is not that tax credits are provided, or sold (apparently) cheaper than they are worth, but that they are paid upfront for investemnt, and not provided pro rata production as the PTC.

It is logical for such tax credits to be taken over by companies that are rich - you need companies that do pay tax bills for the taxcredits to have any value, and it is logical to pay less for a tax credit that you will be able to use only later.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Jan 4th, 2010 at 06:10:49 AM EST
[ Parent ]
The problem is not the manner --solipsistic or not-- by which an investor of the enterprise determines how expeditiously the enterprise returns cost of capital and principal. The problem is the enterprise --(i) transferable tax liability; (ii) vacated obligation to reduce or eliminate GHG emissions-- instituted by the state itself. To borrow a phrase

En deuxième lieu, le Conseil a jugé que l'importance des exemptions totales de contribution carbone étaient contraires à l'objectif de lutte contre le carbon réchauffement climatique et créaient une rupture d'égalité devant les charges publiques. (articles 7, 9 et 10). this contribution (articles 7, 9 and 10).
--Décision n° 2009-599 DC du 29 décembre 2009 Decision No. 2009-599 DC of December 29, 2009


Diversity is the key to economic and political evolution.
by Cat on Mon Jan 4th, 2010 at 06:10:42 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series