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Comment by ghiculescu

6 months ago

The most fascinating question is not "How did a single line in the tax code help trigger a tsunami of mass layoffs?" but how did a single line in the US tax code help trigger a tsunami of mass layoffs in other countries?

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ghiculescu

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jjmarr  6 months ago

There's a 15-year amortization period if a US company hires an offshore developer. It's only a 5-year period if the developer is American.

  • ghiculescu  6 months ago

    Did you know that other countries have software companies too?

    • mixmastamyk  6 months ago

      You're undoubtedly aware the US has an outsize influence on the sector.

      Also this line of argument rests on the idea that the downturn is exclusive to Section 174, but it is not. Raising interest rates across the world are a major factor.

    • jjmarr  6 months ago

      Yes. I'm in one of those "other countries" and talented people aim for American companies with local offices. They pay more and hire more.