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

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342 points tareqak | 2 comments | 05 Jul 25 00:24 UTC | HN request time: 0s | 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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Galanwe ◴[05 Jul 25 06:15 UTC] No.44470472[source]▶
There is something similar in France, the Crédit Impôts Recherche (CIR), I remember it was around 50%. I've heard it's going to disappear though, there were abuses.
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forty ◴[05 Jul 25 06:59 UTC] No.44470652[source]▶
"There are abuses" is really an understatement. "It's mostly abuse and there might be some legitimate beneficiaries" would be more correct.
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1. eric-burel ◴[05 Jul 25 08:23 UTC] No.44471045{3}[source]▶
It's hackernews, not Elon Musk's X or the French parliament, please bring sources and precise details.
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2. forty ◴[05 Jul 25 09:12 UTC] No.44471288[source]▶
It's quite common knowledge :) if you want journalist material, I think there was a Cash Investigation on the topic a few years ago.

I have discussed this topic with many other engineers (known from engineering school, from working 13+ years in the Paris tech startup ecosystem and from my worker union, whose scope include most tech companies) and I have never heard any of them saying they did not write bullshit CIR reports for bullshit projects. I have myself written my fair share of those bullshit reports. There are even companies whose business is to write the bullshit reports for you in exchange for x% of your CIR credit. I worked with such company.