But all of that is irrelevant since these tax changes don’t actually increase tax collections. All they do is make it harder for a company whose product development and/or research is dependent more on human capital as opposed to physical assets, to start doing business.
It has no impact on established businesses (since their taxes will offset over a few years) and the only impact will be that more businesses are likely to fail before they become established than otherwise. Alternatively, more businesses are likely to outsource and offshore their human capital.
Even if the work that was benifitting was not “research” when deciding tax policy taxonomy is far less relevant than actual impact.
And unfortunately it looks like we’re on track to re-elect the people who brought us this atrocity in 2017.
But all of that is irrelevant since these tax changes don’t actually increase tax collections. All they do is make it harder for a company whose product development and/or research is dependent more on human capital as opposed to physical assets, to start doing business.
It has no impact on established businesses (since their taxes will offset over a few years) and the only impact will be that more businesses are likely to fail before they become established than otherwise. Alternatively, more businesses are likely to outsource and offshore their human capital.
Even if the work that was benifitting was not “research” when deciding tax policy taxonomy is far less relevant than actual impact.
And unfortunately it looks like we’re on track to re-elect the people who brought us this atrocity in 2017.