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Let's talk antitrust: Discussing recent cases and emerging competition issues
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Global | Publication | August 30, 2016
In efforts to reduce the capital-intensity and increase the economic viability of renewable energy projects, the proposed section 12U of the Income Tax Act (contained in the draft Taxation Laws Amendment Bill) will allow a tax deduction for expenditure incurred for the construction of roads or the erection of fences for renewable energy projects. The provision specifically targets capital expenditure indirectly supporting large scale renewable energy projects generating electricity exceeding 5MW.
The deductions will be in addition to those currently allowed. Persons carrying on the trade of generating electricity exceeding 5MW from wind power, solar energy, hydropower to produce electricity of not more than 30MW or biomass comprising organic wastes, landfill gas or plant material may deduct amounts incurred for:
To qualify, a foundation or supporting structure must:
A person will not be allowed to set-off expenditure exceeding their income derived from the renewable energy project against any income which they derive otherwise than from the carrying on of that trade.
The deduction from income allowed for any year of assessment must be limited to the taxable income derived from the carrying on of the trade during that year, but any expenditure denied in a year may be carried forward.
Expenses prior to the commencement of a project will be deductible if the expense would ordinarily have qualified for a deduction under the section, and it was not allowed as a deduction in any previous year of assessment.
If the draft is enacted, section 12U will be deemed to have come into operation on 1 April 2016 and will apply for years of assessment commencing on or after that date.
Video
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Publication
After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
Publication
On 18 September 2023, the CMA published its Initial Report (Initial Report) on AI Foundation Models (FM), supplemented in April 2024 with the publication of its “Update Paper” focused on potential antitrust risks associated with FMs and a “Technical Update Report” providing more detail on the development on FMs (collectively the “Reports”). Below, we consider these CMA publications.
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