Comment by blitzar
4 days ago
> complaining about companies not investing in research and development
Glancing over the last few decades of tax returns it looks like they are claiming a lot of tax credits for R&D, so much so that if someone had a closer look they might find some Fraud, Waste or Abuse.
Wasteful R&D is still R&D, the company just presumably doesn't get a return on it.
If the company does get a return, then the R&D wasn't wasteful.
And regardless, the tax code doesn't and shouldn't (IMO) differentiate there, to encourage companies to take risks.