Thousands of small businesses are struggling because of R&D amortization

Re:Thousands of small businesses are struggling because of ... by Steven-Clarke on Saturday January 20, 2024 @01:30PM (#39070719)

Yes Section 174 is a huge issue for US companies of all sizes. We are seeing a shift in companies and other decentralized projects explore places like Panamá. The blockchain industry is dealing with IRS, SEC and other regulatory challenges. Some companies are choosing to leave the US.

There are options and advantages to operating outside the US. US timezone, a USD economy and a territorial tax system makes it easy to operate from my home country.

interview on this topic: https://www.youtube.com/watch?v=BzUAJzKb8bA

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Re:Thousands of small businesses are struggling because of ... by thinkerswell on Saturday January 20, 2024 @03:42PM (#39072089)

If you are a US business, it’s hard to escape the overly burdensome US taxes.

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Re:Thousands of small businesses are struggling because of ... by EdwardDiego on Saturday January 20, 2024 @08:40PM (#39074587)

I think the crypto industry is going to face tax and securities regulation in any jurisdiction that isn't corrupt or operating as a tax haven.

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