Nathan Hager
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Companies have to calculate it so they make sure components from those countries don't exceed a certain amount.
Tax practitioners say this is one of the more complex areas in the new tax law.
In Washington, I'm Nathan Hager, Bloomberg Radio.
The guidance provides more details on prohibited foreign entity rules, which require clean energy developers to limit contracts and supplies from China, Russia and other covered nations.
The specific rule is related to what's called the material assistance cost ratio.
Companies have to calculate it so they make sure components from those countries don't exceed a certain amount.
Tax practitioners say this is one of the more complex areas in the new tax law.
The guidance provides more details on prohibited foreign entity rules, which require clean energy developers to limit contracts and supplies from China, Russia and other covered nations.
The specific rule is related to what's called the material assistance cost ratio.
Companies have to calculate it so they make sure components from those countries don't exceed a certain amount.
Tax practitioners say this is one of the more complex areas in the new tax law.
In Washington, I'm Nathan Hager, Bloomberg Radio.
And I'm Nathan Hager.
Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S.
Edition.
It's your daily 15-minute podcast on the latest in global news, politics, and international relations.
Find us on Apple, Spotify, or anywhere you listen.
And I'm Nathan Hager.
Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S.
Edition.