In the Headlines
July 31, 2023

Global Tax Rules to Unleash Billions in Clean Energy Investment

Bloomberg Law

Tax attorney Joshua Odintz was quoted in a Bloomberg Law article about the global minimum tax guidance from the Organization for Economic Cooperation and Development (OECD) released July 17, 2023, which is set to bring in billions of dollars to fund clean energy projects in the U.S. The new guidance assures buyers and sellers of clean energy tax credits will not lose most of the credits' worth to other countries' minimum taxes. As a result, more companies are expected to use green credits, including the oil and gas industry, which is anticipated to finance billions of dollars in clean energy projects.

"It is a game-changer [for the market]," said Mr. Odintz.

READ: Global Tax Rules to Unlease Billions in Clean Energy Investment (Subscription required)

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