It depends what you reinvest in; I know that the (hardware) business which I work for gets taxed on the revenue it spends on capital goods (machinery and toolin

It depends what you reinvest in; I know that the (hardware) business which I work for gets taxed on the revenue it spends on capital goods (machinery and tooling) as if it were profit (then we sometimes get to write off some taxes in the future). One of the reasons 'hardware is hard' is because the government makes it hard.