Interest rates and fear of recession.
Big tech fuels R&D via very low-interest loans. This is what everyone in the financial community has been saying for a long time.
Big tech fuels R&D via very low-interest loans. This is what everyone in the financial community has been saying for a long time.
Of course I know the economy doesn't work that way, but it is fun to think about.
Fear of depr/rec-ession means the products you build might see 0 traction as the economy contracts and the funding to survive dries up.
I don't think this really matters all that much to small biz. It really has a lot of effect on the middle, where taking a $50/yr effectively leaves you having to deal with $40m you can't treat as an expense this year. It's a great way to cause unemployment.
Actual text: Emphasis the "be allowed" portion. From: https://www.law.cornell.edu/uscode/text/26/174
(a) In general - In the case of a taxpayer’s specified research or experimental expenditures for any taxable year—
(1) except as provided in paragraph (2), no deduction shall be allowed for such expenditures, and
(2) the taxpayer shall—
(A) charge such expenditures to capital account, and
(B) *be allowed* an amortization deduction of such expenditures ratably over the 5-year period (15-year period in the case of any specified research or experimental expenditures which are attributable to foreign research (within the meaning of section 41(d)(4)(F))) beginning with the midpoint of the taxable year in which such expenditures are paid or incurred.
Imply, the taxpayer "may" take a 20% amortized distribution. Similar to MtG cards that say "a player may look through their library" or similar. You don't have to (my reading).