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> it's easy to spend money until there are no 'profits'. Will we ever live in a society where you aren't allowed to "write off" R&D/depreciation/the typical th
by MuffinFlavored 4y ago
> it's easy to spend money until there are no 'profits'.
Will we ever live in a society where you aren't allowed to "write off" R&D/depreciation/the typical things companies use to avoid profits?
We want companies to reinvest their profits into growth to hire more employees, right?
Where do we draw the line to make it harder for them to do so?
- DreadY2K 4y agoThose things are fine, but many companies will e.g. register a separate company in a tax haven, give that company a piece of IP, and then have that company charge the original company for all of their profits. That way, the company has no profits to report, but the money wasn't reinvested in any way, just routed around profits taxes.
- FrontierPsych 4y agoRight.