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Among other reasons, 2022 Section 174 tax changes require 15 years of depreciation for non-US software engineering ("R&D") expenses, vs 5 years for US workers,
by walterbell 1y ago
Among other reasons, 2022 Section 174 tax changes require 15 years of depreciation for non-US software engineering ("R&D") expenses, vs 5 years for US workers, https://hn.algolia.com/?query=Section%20174 https://hn.algolia.com/?query=Section%20174. There's currently a proposal in Congress to restore US R&D tech worker salary depreciation to one year, for the 2026-2030 period.
- muzani 1y agoWhat does this mean in practice? Wouldn't companies just jump through the bureaucratic hoop to hire people for a third of the prices?
- walterbell 1y agoDoes the company in question have cash flow for 15 years of advance tax payments?
- paulcole 1y agoIf someone in the US is 3x the price does the company in question have cash flow for 5 years of advance tax payments?
- walterbell 1y agoIf they are a startup on the "Who's Hiring" page, that depends on whether they have US investors.
- paulcole 1y agoHuh?