If this is the way we are going to kowtow to huge subsidies and unfair trade practices by China, then what exactly are we left with? http://www.nytimes.com/2011/01/15/business/energy-environment/15solar.html?pagewanted=1&_r=1&hpw
Cheap solar panels?
^lol
Good one.
Dude, if you own the company you would move over to China too. Would you like to net $10 to move or $5 b/c you love America and stupid?
mp - how is this any different from all the other companies moving manufacturing to china? Think of it from the shareholder’s perspective.
I think you missed the point of the article. The company received 54 million in subsidies from taxpayers in return for creating jobs in USA. Then 2 years down the road they shipped the jobs overseas and only have to pay back 4 million.In fact they started making plans to close down operations barely within one year - makes you suspicious that it was their plan all along and took the taxpayers for a ride. Is this a fair deal for taxpayers?
marcus phoenix Wrote: ------------------------------------------------------- > I think you missed the point of the article. The > company received 54 million in subsidies from > taxpayers in return for creating jobs in USA. Then > 2 years down the road they shipped the jobs > overseas and only have to pay back 4 million.In > fact they started making plans to close down > operations barely within one year - makes you > suspicious that it was their plan all along and > took the taxpayers for a ride. > > Is this a fair deal for taxpayers? ‘fair’ or ‘legal’ are 2 different things. No one is going to do things just because they are ‘fair’
But they still created US jobs! The company is still based in the US, although some of their employees are now Chinese. Furthermore, the cheap solar panels will lower costs for US construction and energy companies, which will be able to expand and hire more US workers. And besides, the point of subsidizing green technology is not for green technology companies to immediately create assembly line jobs. It’s to develop technology that can help everyone in the economy (which they have done).
I see mp’s point, there’s nothing wrong in them moving abroad…but the state could have tried to extract a bigger payment out of them. With that said, the corporate taxes still flow to GoTUS.
I don’t think it’s just that, China is huge solar market, China is all-in to develop solar technology that can rival those or Europeans. Europe is leading the curve by far in renewable energy technology, and in future it’s a big concern to china if it lags behind, so the kind of goodies you get doing solar business in china is incomparable. Not just china, India too is big solar market. Indian govt has passed a law according to which Solar Power companies can sell solar power at much higher price (roughly 33 cents per Kwh) than market price for thermal or hydro electricity (roughly 12 cents per Kwh). And this is just the first phase, so there is big market here. This is to support distributed energy generation, because India and China has given up on centralized energy generation, it’s not possible in these two markets. Even after first phase ends, there is huge market because people are spending here 1-2$ per Kwh for electricity from other sources than thermal, nuclear, hydro and solar. And only solar comes with flexibility of having fragmented power generators anywhere there is sunlight. It’s a high growth and high ROI market if you can source the hardware and technology cheaply. Chinease stuff + American/European technology is in hell lot of demand here, so they have a big market in India too. Why all this? The day the US passes the legislation for carbon market, carbon credits will become a real commodity, and there’s a huge incentive to capitalize on what is projected to be a 2 Trillion Dollars market.
Palantir Wrote: ------------------------------------------------------- > I see mp’s point, there’s nothing wrong in them > moving abroad…but the state could have tried to > extract a bigger payment out of them. > > With that said, the corporate taxes still flow to > GoTUS. Not necessarily - look at googles tax structure.