110 V solar panels which evidently were developed after research, by B P Solar for example, were practically withdrawn from market, and they were donated to organizations in Asia with the condition that they should not be sold. Why ?
2006-12-07 03:07:41 · 2 answers · asked by arkundapur 2 in Science & Mathematics ➔ Engineering
I don't know specifically, but it sounds like the sort of thing that is often done for tax reasons.
This happens frequently with automobile design -- hudreds of thousands if not millions of dollars are spent buiilding a "concept car" and making it work. As long as the car or cars remain in existence, their value is whatever it cost to produce them and the company can then be taxed on the value of them as inventory or property. If they are sold, even for a tiny fraction of the cost to develop them, the cost of developing them is no longer eligible for research and development tax incentives. As a result, most are destroyed when the development is completed. The jet turbine powered car developed in the 1960's (by Chrysler if I recall correctly) was a good example.
By listing the panels as "destroyed" and then giving them away at no cost to a charitable organization, the company probably manages to maintain a tax credit that was worth more to their business than the sale of the panels would have brought in.
Alternatively, they may have had some manufacturing defect which prevented them from being sold in the originally-intended market country for purely regulative reasons, and which would have been too costly to fix for sale. The goods are decalred "defective manufacture" and "destroyed" again for tax reasons. The "scrap" is then disposed of by giving them away.
2006-12-08 10:49:24 · answer #1 · answered by Mustela Frenata 5 · 0⤊ 0⤋
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2017-04-05 06:00:54 · answer #2 · answered by ? 3 · 0⤊ 0⤋