New tax rules could cripple renewables in the US
Sources tell Bloomberg that the tax reform proposal from the US Senate could have serious consequences for investments in wind turbines and solar panels. A new minimum tax would be "draconian" for the industry, says one source, while another says that "it literally will grind our industry to a halt".
The gravity in the proposal from the US Republicans is clear for the renewable energy industry in the country, say several sources after the Senate passed the legislative proposal Saturday night local time with a 51 to 49 vote.
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