This is exactly what has changed [1]: R&D costs had been an immediate tax break, but since 2022 became an expenditure requiring a 5-year amortization period.
That change had been planned to be canceled before coming into force, but it was not canceled on time.
Hence the wave of layoffs in 2022, as companies were urgently trying to improve their balance sheets, as investors and the Wall Street requested, AFAICT.
That change had been planned to be canceled before coming into force, but it was not canceled on time.
Hence the wave of layoffs in 2022, as companies were urgently trying to improve their balance sheets, as investors and the Wall Street requested, AFAICT.
[1]: https://www.corumgroup.com/insights/major-tax-changes-us-sof...