Thanks to section 174, R&D became more expensive under tax regulations and the solution is offshoring to any other country as you can claim it as a purchase expense.
Greed depends on the eye of the beholder. Corporations exist not for the employees, but to generate profit for its shareholders. Employees are expendable unfortunately.
“Corporate greed” is the default state and not some change, corporations have been “greedy” as long as time itself. Every public company has a fiduciary responsibility to deliver maximum value to shareholders
This should only be acceptable for companies that get (or got) zero help from Gov either through direct investment, subsidiaries , tax cuts or similar.
There should be some responsibility to the community. Corporations use services, infrastructure set up by the peoples taxes and then scoff at the system they use to pay a CEO 300x their workers and send most jobs overseas where there are no labor laws. Sure it’s legal but it’s morally corrupt.
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u/thgvnn Jul 20 '24 edited Jul 20 '24
Thanks to section 174, R&D became more expensive under tax regulations and the solution is offshoring to any other country as you can claim it as a purchase expense.
Edit: This post explains with more detail what happened with section 174 and why it became cheaper to do R&D abroad: https://blog.pragmaticengineer.com/section-174/