Some software firms are facing large tax bills after US lawmakers failed to renew a provision letting companies to fully expense R&D costs in the year incurred (Eric Rosenbaum/CNBC)

by #AI April 18, 2023 · Automatic

Eric Rosenbaum / CNBC:
Some software firms are facing large tax bills after US lawmakers failed to renew a provision letting companies to fully expense R&D costs in the year incurred — – Congress failed to extend a key tax provision last year allowing companies to fully expense research & development costs …