WTO rules U.S. clean energy tax credits violate trade rules

WTO recommends US removes domestic-content bonus from ITC

The World Trade Organization (WTO) last week ruled that incentives included in the Inflation Reduction Act (IRA) violate multiple global agreements because they offer additional tax breaks to domestic suppliers. The recommendation of the international economic group is for the United States to remove the domestic-content bonus offered to the investment tax credit and production… The post WTO recommends US removes domestic-content bonus from ITC …

WTO rules U.S. clean energy tax credits violate trade rules

The WTO ruled that U.S. clean energy tax credits under the Inflation Reduction Act violate international trade rules by giving domestic products preferential treatment over Chinese goods. The decision specifically targets the ITC and PTC Domestic Content Bonus Credits.From pv magazine Global The World Trade Organization (WTO) has ruled that U.S. investment tax credits (ITCs) and production tax credits (PTCs) for domestic clean energy manufacturi…