Clean-tech subsidy war erodes safety nets, Canadian finance minister says - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Canadian Finance Minister Chrystia Freeland warned American lawmakers about the risks of starting a clean-tech subsidy war, saying that a “race to the bottom” risks eroding the tax bases of the U.S. and its allies.

Freeland, in a speech in Washington, hailed the U.S. Inflation Reduction Act for helping to usher in a green-industry revolution, but said a strong domestic tax base is essential to support middle-class families and reduce economic inequality.

Freeland published a federal budget last month that contained almost $83 billion in investment tax credits geared toward clean manufacturing and electricity generation, as well as carbon-capture systems, over the next decade. “For decades, within their union, they have balanced the need to drive industrial investment in their national economies against the danger of corporate-subsidy wars,” she said. “That is what we must try to do today, on a broader scale.”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Who let the nuts out.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Clean-Tech Subsidy War Erodes Safety Nets, Canadian Finance Minister SaysCanadian Finance Minister Chrystia Freeland warned American lawmakers about the risks of starting a clean-tech subsidy war, saying that a “race to the bottom” risks eroding the tax bases of the US and its allies. Clean tech = Financial Fraud, Climate Fraud, Antitrust Fraud. And how about subsidy to homeowners, that has already put 🇨🇦 at the bottom and you haven't stop digging. Or is it a new narrative being prepared for when the 💩 hits the fan.
La source: BloombergCA - 🏆 73. / 51 Lire la suite »