3 ms·

"No More Offshore. Startups Look to Spend and Hire in U.S. Due to Trump Tax Change." https://www.wsj.com/tech/tech-startups-hiring-us-workers-30f70207?gaa_at=e

"No More Offshore. Startups Look to Spend and Hire in U.S. Due to Trump Tax Change." https://www.wsj.com/tech/tech-startups-hiring-us-workers-30f70207?gaa_at=eafs&gaa_n=ASWzDAjDWgoNcII2_AQilabzgWCa5KqkWx6A_GLDa3RsEYaSNGbtcsA7Tt1X&gaa_ts=689ff101&gaa_sig=OlDvonPp-TtrTejwuvXDdA7kEv-tclp61-D-XF2Llp5Vgjm3LB38Kx4HB_WK3uxYcGpejPrD8wfK3epbQLs-RA%3D%3D https://www.wsj.com/tech/tech-startups-hiring-us-workers-30f... I don't understand how Trump is allowing anything with headline like this.

yodon 1y ago
The BBB fixed some previously dire flaws in how tax law treated spending on software salaries in the US.
tchock23 1y ago
Create the problem. Fix the problem. Win!
- burnerthrow008 1y ago
  The other side did have 4 years to fix it, though. I do wonder if the last election would have gone differently if all the people directly and indirectly affected by that hadn't been.
  - Terr_ 1y ago
    > The other side did have 4 years to fix it, though. They did try, incorporating some relief into a bill in 2021, however: > In the House version of the Build Back Better Act passed in November 2021, the effective date for the amendment made by the TCJA to Section 174 was delayed until tax years beginning after December 31, 2025. While this specific provision of the bill enjoyed broad bipartisan support, comments made by Senator Joe Manchin (D-W.V.) in late December indicating his opposition to the bill effectively stalled progress on the Build Back Better Act, making the path forward on legislation unclear. -- https://www.bdo.com/insights/tax/significant-change-to-the-treatment-of-r-e-expenditure-under-section-174-now-in-effect https://www.bdo.com/insights/tax/significant-change-to-the-t... That bill did narrowly survive, but only in a stripped-down form with that Section-174 provision removed to satisfy the Senate fence-sitters. Manchin later left the Democratic party.

yodon 1y ago

The BBB fixed some previously dire flaws in how tax law treated spending on software salaries in the US.

tchock23 1y ago

Create the problem. Fix the problem. Win!

burnerthrow008 1y ago
The other side did have 4 years to fix it, though. I do wonder if the last election would have gone differently if all the people directly and indirectly affected by that hadn't been.
- Terr_ 1y ago
  > The other side did have 4 years to fix it, though. They did try, incorporating some relief into a bill in 2021, however: > In the House version of the Build Back Better Act passed in November 2021, the effective date for the amendment made by the TCJA to Section 174 was delayed until tax years beginning after December 31, 2025. While this specific provision of the bill enjoyed broad bipartisan support, comments made by Senator Joe Manchin (D-W.V.) in late December indicating his opposition to the bill effectively stalled progress on the Build Back Better Act, making the path forward on legislation unclear. -- https://www.bdo.com/insights/tax/significant-change-to-the-treatment-of-r-e-expenditure-under-section-174-now-in-effect https://www.bdo.com/insights/tax/significant-change-to-the-t... That bill did narrowly survive, but only in a stripped-down form with that Section-174 provision removed to satisfy the Senate fence-sitters. Manchin later left the Democratic party.