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OBBB signed: Reinstates immediate expensing for U.S.-based R&D

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342 points tareqak | 1 comments | 05 Jul 25 00:24 UTC | HN request time: 0.205s | source
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ttul ◴[05 Jul 25 04:21 UTC] No.44470047[source]▶
Meanwhile, in Canada, not only can you expense R&D, but there is a cashable tax refund that will give you back about 60% of your developers’ salaries…
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sMarsIntruder ◴[05 Jul 25 05:59 UTC] No.44470397[source]▶
I hate to see this, but you’re comparing two completely different systems. Like it or not, but Canada is much more “socialist”, you can’t expect it in any case to be like US or viceversa.
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1. cbsmith ◴[05 Jul 25 08:21 UTC] No.44471031[source]▶
Canada is "much more socialist" in that it has socialized medical insurance. Aside from that, it's maybe a tiny bit more socialist, though one could argue it's not more socialist at all.

The systems are different, but saying they are completely different is really a stretch. There's a GST that the US doesn't have, which is, ironically, a regressive tax. If you ranked the tax code of countries by similarity to the US tax code, I'm not sure Canada would be at the top of the list, but it wouldn't be that far down.