First Solar Fights Foreign Subsidies While Cashing In on Its Own [Financial Post (Toronto, Ontario, Canada)]
First Solar, Inc. (FSLR)
Last first solar, inc. earnings: 2/20 04:05 pm
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investor.firstsolar.com/investor-relations
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Source: Financial Post
(Bloomberg) — Long before panel-maker First Solar Inc. asked the US to penalize rival imports it says illegally benefit from 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. Article content 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 t
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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