Word: taxed
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Dates: during 2000-2009
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...proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan chipmaker Powerchip Semiconductor has already applied for government help. China, meanwhile, has restored or raised tax rebates over the past six months on more than 3,700 export items, including many consumer goods like toys, to assist struggling small exporters. The rebates can help keep the prices of Chinese exports low and more competitive...
...Santa Cruz, we're built out. Our community enjoys the luxury of being a quaint little seaside town," Shoemaker explains, but that means there's "not much opportunity to generate revenue." Tourism is the biggest industry, but that's not paying the bills, she says, especially with sales-tax dollars sliding during the recession. Projects that would have brought in more revenue, such as big-box stores, conference centers and hotels, have been rejected by the citizens and voted down by the council. "The costs have continued to exceed revenue," she says. "It caught up with...
...elbowed its way up to the table and can block laws in the upper house. FDP chairman Guido Westerwelle, who meets Merkel this week for talks, is eager to test his new power by forcing Merkel to revise her €50 billion economic stimulus package to include deeper income tax cuts and fewer cash incentives to consumers, such as the €2,500 handout designed to persuade Germans to trade in their old cars for new models. Whether or not Westerwelle prevails, the shifting balance of power will have an impact in Germany and beyond its borders...
...tax credits couldn't come at a better time, but the question is, are they enough? Even as the environmental community prepares to celebrate the inauguration of perhaps the first truly green President, the renewable energy industry - especially young solar manufacturers - is struggling to survive. The recession has already claimed victims: Three Western solar manufacturers, OptiSolar, HelioVolt and SunEdison, are reportedly cutting jobs in the face of declining demand. Where there was a glut of orders for new solar systems as recently as the past summer, prices for rooftop solar arrays have dropped 8% to 10% since October...
...money: the expanded tax credits for renewables in Obama's stimulus plan. The problem is that credits reduce a company's tax bills, but many renewable energy companies are start-ups that have yet to become profitable - meaning they don't pay enough taxes to benefit from a credit. Until recently, banks like Lehman Brothers bought credits from renewable energy companies and used them to reduce their own tax liabilities - for the good that did. With that market vaporized, Washington can increase tax credits all it wants, but the policy will have little effect. The answer is to make...