A New Depreciation Bonus
The United States adopted a 30% “depreciation bonus” in March in the hope of persuading US businesses to invest in new plant and equipment...
Argentina Adopts More Emergency Measures
The Duhalde government ordered mandatory “pesofication” of debts, and the Argentine Congress formally declared a new emergency — this time a “social and credit emergency” — and passed a heavily cr...
Corporate inversions are generating a lot of heat in Congress | Norton Rose Fulbright
An inversion transaction is one where a US company with substantial foreign operations turns its ownership structure upside down so that what was formerly a US parent company becomes a subsidiary ...
Project Sales: Overlooked Issues
Events over the past year — including the PG&E and Enron bankruptcies, the downturns in US and foreign securities exchanges and the continuing volatility in California and emerging markets — h...
Training Session: Material Adverse Change Clauses
Chadbourne runs internal training sessions for lawyers in the project finance group and interested clients...
Output Contracts May Be “Leases” of the Power Plant
Power contracts and tolling agreements may be characterized as “leases” of the power plant with potentially adverse accounting treatment for the parties involved...
New UK Electricity Regulatory Regime: Lessons from Year One
One year after its introduction is a good time to review how the new regime regulating the English and Welsh electricity industry has settled down and how purchasers of utilities there have sought...
New Air Toxics Rules for Power Plants
The US Environmental Protection Agency issued new rules in March that explain the Clean Air Act air toxics permitting procedures for owners and operators of combustion turbines...
Environmental Update April 2002
Multi-Pollutant Legislation The Bush administration unveiled a multi-pollutant proposal in February that, if enacted by Congress, could impose substantial costs on the electric generating industr...
More energy tax incentives may be on the way | Norton Rose Fulbright
MORE ENERGY TAX INCENTIVES may be on the way. The Senate will try to finish work in April on the Bush energy plan...
Argentina Adopts More Emergency Measures
The Duhalde government ordered mandatory “pesofication” of debts, and the Argentine Congress formally declared a new emergency — this time a “social and credit emergency” — and passed a heavily cr...
Further crackdown on corporate tax shelters looks likely | Norton Rose Fulbright
A FURTHER CRACKDOWN ON CORPORATE TAX SHELTERS looks likely...
Section 29 tax credits were $1.083 an mmBtu last year | Norton Rose Fulbright
SECTION 29 TAX CREDITS were $1.083 an mmBtu last year. The IRS is expected to make a formal announcement in April...
Indian government proposed in its latest budget to resume taxing shareholders on dividends rather than impose a distributions tax on the company paying the dividend | Norton Rose Fulbright
THE INDIAN GOVERNMENT proposed in its latest budget to resume taxing shareholders on dividends rather than impose a distributions tax on the company paying the dividend...
Transferrable tax credits that a state awards for ridding contaminated property of hazardous substances do not have to be reported as income | Norton Rose Fulbright
TRANSFERRABLE TAX CREDITS that a state awards for ridding contaminated property of hazardous substances do not have to be reported as income, the IRS said...
Pre-filing agreements catch on slowly | Norton Rose Fulbright
PRE-FILING AGREEMENTS catch on slowly...
RENEWABLE ENERGY projects get help.
RENEWABLE ENERGY projects get help. New Mexico adopted a tax credit of 1¢ a kilowatt hour for generating electricity from wind or sunlight. The governor signed the measure in March...
Four European tax havens attracted a disproportionate share of US investment in Europe during the period 1996 to 2000 | Norton Rose Fulbright
FOUR EUROPEAN TAX HAVENS attracted a disproportionate share of US investment in Europe during the period 1996 to 2000, according to a study by Martin Sullivan in Tax Notes magazine...
Alabama may impose a special tax on power plants that dispose of their output under tolling agreements | Norton Rose Fulbright
ALABAMA may impose a special tax on power plants that dispose of their output under tolling agreements...
Idaho
IDAHO has decided to let taxing districts use construction of a new merchant power plant nearby as an excuse to increase local budgets.
INTEREST DEDUCTIONS were denied.
INTEREST DEDUCTIONS were denied...
FOREIGN TAX CREDITS were disallowed.
FOREIGN TAX CREDITS were disallowed. Sunoco lost an attempt to claim more foreign tax credits for the period 1982 through 1986...
States cannot make it hard for companies to file consolidated tax returns | Norton Rose Fulbright
STATES cannot make it hard for companies to file consolidated tax returns, the Missouri Supreme Court reaffirmed in late February...
IRS branch that processes private letter ruling requests on electric interties said only one ruling request had been received through the end of March | Norton Rose Fulbright
MINOR MEMOS: The IRS branch that processes private letter ruling requests on electric interties said only one ruling request had been received through the end of March . . . ...