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A comment on Netflix Made Record Profits in 2020, Paid a Tax Rate of Less Than 1 Percent. Parent comment

Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by bradleyjg on Monday April 05, 2021 @08:45AM (#26698233)
It can deduct the interest. It can also get an R&D credit+ for how it spent the proceeds of the loan.

+Depending on a lot of details

[ Parent | on HN ]
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by Schiendelman on Monday April 05, 2021 @05:19PM (#26704863)
Yeah, and if an individual creates a sole proprietorship they could probably hire an instructor and deduct that R&D.
[ Parent | on HN ]