Latest News for: Taxes offshore

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Ithaca chairman willing to take short-term tax pain to win ‘consolidation game’

Upstream Online 22 Sep 2023
... be among the winners in the UK offshore sector’s “consolidation game”.
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The multibillion-dollar climate hole faced by both Labour and National

RNZ 22 Sep 2023
Hipkins did not address paying for offshore credits, which were required even if the country met all three domestic budgets ... National has said it would use ETS proceeds to help fund its tax cuts, meaning it will need to pay for the Paris target (both the offshore and onshore parts) some other way.
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U.S. Judge Hands Former Russian Gas Company Executive 7 Years For Tax Evasion

Radio Free Europe 21 Sep 2023
tax authorities, failing to disclose offshore accounts, and failing to file tax returns ... and control over substantial offshore assets and failed to file and pay taxes on millions of dollars of income,” the Justice Department said in a news release following his March conviction.
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Former CFO of Russian natural gas firm Novatek sentenced to 7 years in US prison

Reuters 21 Sep 2023
From 2005 to 2015, Gyetvay concealed his ownership and control over substantial offshore assets and did not file tax returns or pay taxes on millions of dollars of income, prosecutors said. Gyetvay, who held passports from both the United States and Russia, had been arrested on tax charges related to $93 million hidden in offshore accounts.
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Ithaca keen to develop big UK fields despite windfall tax 'stalemate'

Upstream Online 21 Sep 2023
... be among the winners in the UK offshore sector’s “consolidation game”.
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Letters for Sept. 22: If there’s to be no RGGI, what will Gov. Youngkin do ...

Daily Press 21 Sep 2023
Solutions needed. Re “Way to go” (Your Views, Sept. 16). The writer describes the Regional Greenhouse Gas Initiative as a “tax on energy.” This is incorrect. It is a tax on the use of fossil fuels to generate electricity. Nuclear power, solar and the future offshore wind farm all are exempted from RGGI ... 6) ... John J ... The 2010 U.S.
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Governors ask Biden for more offshore wind power support

Victoria Advocate 20 Sep 2023
The governors called on Biden to direct the Treasury Department and Internal Revenue Service to provide more details on how offshore wind companies can qualify for federal clean energy tax credits. They also requested a revenue-sharing arrangement to divert money from federal offshore leases to states, instead of being returned to the Treasury.
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Healey seeks more fed support for offshore wind

Gloucester Times 20 Sep 2023
The governors called on Biden to direct the Treasury Department and Internal Revenue Service provide more details for how offshore wind companies can qualify for federal clean energy tax credits. They also requested a revenue sharing arrangement to divert money from federal offshore leases to states, instead of being returned to the Treasury.
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Biden action plan to boost offshore wind and grid resilience

Splash24/7 20 Sep 2023
Some of the building blocks of transmission planning must be clarified by the same year, including updating reliability standards, and identifying where offshore transmission may interconnect with the onshore grid as well as address costs through voluntary cost assignments and tax credits.
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South Korea tightens grip on undeclared overseas crypto worth $99B

Cryptopolitan 20 Sep 2023
South Korea’s tax agency has reported that citizens and businesses in the country hold approximately 131 trillion won, or around $99 billion, in overseas crypto assets. This staggering figure accounts for 70% of all offshore assets disclosed by South Koreans this year.
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Wealthy individuals get I-T summons over non-resident status

Business Line 20 Sep 2023
This has triggered issuances of a large number of summons from the tax authorities seeking explanations and additional information around offshore interests,” said ...
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South Koreans’ overseas crypto assets boom to $99B as regulatory focus shifts to OTC trade regulation

Cryptoslate 20 Sep 2023
South Koreans reported approximately 131 trillion won (around $99 billion) in overseas crypto assets, including Bitcoin (BTC), for this year, according to the country’s tax agency ... This amount constitutes 70% of the total offshore assets reported by individuals and businesses in South Korea.
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TotalEnergies and India’s Adani Group form joint venture for solar and wind assets

The National 20 Sep 2023
France’s TotalEnergies and a subsidiary of India’s Adani Group have agreed to form a joint venture comprising solar and wind power assets with a capacity of 1,050 megawatts ... Read More ... The Hindenburg report accused the Adani Group of stock manipulation and improper use of offshore tax havens, as well as raising concerns about its high level of debt.
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Freedom Caucus Holds Shutdown Talks in a Tax Cheat’s Home. The Neighbors Are Pissed.

The Daily Beast 20 Sep 2023
The actual owner of the property—a convicted felon who used an offshore bank account to dodge hundreds of thousands of dollars in federal taxes—has rented out the townhouse for years, neighbors told The Daily Beast ... tax and land records ... tax records.
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Salem City Council approves offshore wind tax break

The Salem News 19 Sep 2023
SALEM — The harbor's offshore wind marshalling yard came one step closer to fruition last week. The City Council has given its unanimous support to a more than $53 million tax break supporting the future marshalling of offshore wind turbines in Salem ... build offshore wind turbines.

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China climate envoy says world still needs to rely on fossil fuels
Business Day
22 Sep 2023
FILE - Smoke billows from chimneys of the cooling towers of a coal-fired power plant in Dadong, Shanxi province, China, Dec. 3, 2009. Frans Timmermans, the European Union’s climate chief, expressed concern over the expansion of China’s coal industry at a conference in Beijing on Monday, July 3, 2023.
AP / Andy Wong, File
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