How a little-known tax change sparked a tech layoff surge
For nearly seventy years, US companies could immediately deduct the full cost of their research and development activities, from engineering salaries to software development and contractor fees. This policy, rooted in Section 174 of the Internal Revenue Code since 1954, encouraged businesses to invest in innovation and keep R&D operations...Read Entire Article
For nearly seventy years, US companies could immediately deduct the full cost of their research and development activities, from engineering salaries to software development and contractor fees. This policy, rooted in Section 174 of the Internal Revenue Code since 1954, encouraged businesses to invest in innovation and keep R&D operations...
Read Entire Article
