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The most fascinating question is not "How did a single line in the tax code help trigger a tsunami of mass layoffs?" but how did a single line in the US tax cod
by ghiculescu 1y ago
The most fascinating question is not "How did a single line in the tax code help trigger a tsunami of mass layoffs?" but how did a single line in the US tax code help trigger a tsunami of mass layoffs in other countries?
- ec109685 1y agoBecause people make stupid correlations for clicks.
- jjmarr 1y agoThere's a 15-year amortization period if a US company hires an offshore developer. It's only a 5-year period if the developer is American.
- ghiculescu 1y agoDid you know that other countries have software companies too?
- mixmastamyk 1y agoYou're undoubtedly aware the US has an outsize influence on the sector. Also this line of argument rests on the idea that the downturn is exclusive to Section 174, but it is not. Raising interest rates across the world are a major factor.
- jjmarr 1y agoYes. I'm in one of those "other countries" and talented people aim for American companies with local offices. They pay more and hire more.