[like_any_other]

> R&D is a cost center that can no longer be written off of a company’s taxes.

Can you elaborate on this? It was my understanding a company only pays taxes on profit. So isn't the revenue that goes into R&D effectively taxed at 0%, since at that point it's not yet profit? I.e. only dividend payouts get taxed.

[kevin_thibedeau]

2017 Tax Cuts and Jobs Act made it less beneficial to use R&D for tax credits because they had to be amortized over five years. Not good when you're an MBA looking to financially engineer your way into a fat bonus.