First Solar Fights Foreign Subsidies While Cashing In on Its Own [BNN Bloomberg (Canada)]
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First Solar, Inc. (FSLR)
Last first solar, inc. earnings: 2/20 04:05 pm
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Source: BNN Bloomberg
foreign subsidies, the company boasted about getting similar incentives from some of the same countries. America's biggest solar manufacturer — which in April joined other companies seeking tariffs on solar cells from Cambodia, Malaysia, Thailand and Vietnam — has for 16 years touted a tax holiday awarded to its Malaysian subsidiary in US regulatory disclosures. The perk “generally provides for a full exemption from Malaysian income tax” and expires in 2027, according to a May filing. First Solar's Vietnamese subsidiary, meanwhile, benefits from government incentives that lower its tax bill from the typical 20% corporate rate — including zeroing it out completely through 2023. In the May filing, First Solar said the incentive will reduce its corporate rate to 5% through 2032 and 10% through 2036. The fact that First Solar is asking for tariffs while receiving foreign subsidies of its own highlights the complexities of global solar supply chains at a time when the US and other co
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FSLR
Earnings
- 5/1/24 - Beat
FSLR
Sec Filings
- 6/21/24 - Form 4
- 6/20/24 - Form 144
- 6/4/24 - Form 4
- FSLR's page on the SEC website