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Stocks & InvestmentsApr 18, 2023
Applee2mYE4

Potentail layoffs/RIFs in RnD due to tax implications

https://readhacker.news/s/5CNBT "Congress failed to extend a key tax provision last year allowing companies to fully expense research & development costs in the year incurred, a blow to big corporations that had lobbied for it."

Software firms across U.S. facing massive tax bills that threaten tech startup world survival
Software firms across U.S. facing massive tax bills that threaten tech startup world survival
CNBC
New
Lonso Apr 18, 2023

So how bad is this?

Apple e2mYE4 OP Apr 18, 2023

Probably more folks will be laid off or more likely fewer folks will be hired.

Credit Karma _malware_ Apr 18, 2023

Well fortunately, most startups don’t make money! Can’t pay taxes with no income

Roku layoku Apr 18, 2023

“allowing companies to fully expense research & development costs” USING TAXPAYERS Money

Apple e2mYE4 OP Apr 18, 2023

How is this taxpayer's money? Unless VC is provided by a government I don't see how it is possible.

Roku layoku Apr 18, 2023

Omg. Do u wanna look up how corporate taxes work?