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Speculatively, is there some tax optimization purpose? Eg, if you invest in content that builds technology that could be used for other purposes? Amazon is pret
by dr_dshiv 4y ago
Speculatively, is there some tax optimization purpose? Eg, if you invest in content that builds technology that could be used for other purposes? Amazon is pretty amazing at tax optimization. But R&D tax writeoffs are pretty great, so not sure what it would accomplish.
hmm, so maybe this is just cover for the UFO skunkworks.
- kgwgk 4y ago> But R&D tax writeoffs are pretty great Great like salary tax writeoffs and rent tax writeoffs. (And even if R&D isn’t expensed right away it will still have the same impact on taxes in the end. Now it will be depreciated in five years in the US.)
- heurisko 4y agoI don't think it is the case here, but this happened in the UK. > Tax inspectors were told that A-listers from Hollywood were starring in a £19.6m production that would be shot in the UK. However, the movie was never made and the only footage shot was seven minutes of "completely unusable quality" filmed in a flat, which cost just £5,000. https://www.theguardian.com/film/2013/may/01/uk-film-executives-charged-fraud https://www.theguardian.com/film/2013/may/01/uk-film-executi...
- youngtaff 4y agoIt’s shocking how much Amazon are getting from the NZ government