(To generate equity, developers sell the tax credits to corporations seeking to offset profits).
But the new university need, coupled with corporations' desire to offset their own slimmed-down research programs through better access to academic science, changed all that.
Under the terms of the complex, 20-year agreement made public yesterday, millions of dollars would be pumped annually into Washington Star Communications, Inc., the newspaper's parent corporation - apparently enough to offset the Star's continuing losses.
Under a cash flow tax, the corporation will simply deduct $100 up front for the purchase (for the purpose of this example, it is assumed the corporation has sufficient revenue to offset against the deduction, otherwise the deduction will create a net operating loss (an "NOL")).
In other words, while Americans exported less, the overseas affiliates of U.S.-owned U.S.-ownedns exported more than enough to offset the drop.
Primarily they are large corporations, which purchase tax credits to offset their Federal income tax liability over a 10-year period.
Around the world, new treaties and regulations are forcing corporations to look for ways to offset their carbon emissions, and Planktos and its competitors may be able to charge millions of dollars for their services.
He says things like, "the Keynesian answer to the problem of continued unemployment seems to be to give corporations an interest rate subsidy to offset the additional burden caused by excessively high wages", as if there weren't a long and detailed body of economic literature on monetary policy detailing the channels through which it operates.
Who would have thought that pollution would become a multi-million dollar industry, with corporations paying huge sums of money to "offset their carbon footprint"?
But organized labor is not the power it once was, and no other power has risen to offset that of global corporations.
