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by anonymars 286 days ago
Yes and no - 2022 also drastically changed taxation of software development

https://www.resourcefulfinancepro.com/news/irs-section-174-c...
1 comments
qaq 286 days ago
Tech firms lobbied this change because they care about EBITA it makes their numbers look better
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e40 286 days ago
My tax accountant said every one of his clients was freaking out about it. So, I have to disagree.
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nerdponx 286 days ago
If there was any lobbying incentive, it would be anticompetitive suppression of smaller companies that can't afford the tax increase.
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throw__away7391 286 days ago
This change has zero effect on your EBITA.
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anonymars 286 days ago
How would that make EBITA look better? (Even if you meant EBITDA, same question)
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qaq 286 days ago
You are right reporting is via GAAP rules this only affects tax accounting
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