alphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 8 days agoNo more tech hiring in India, Donald Trump tells Google, Microsoft and others to focus on Americanswww.indiatoday.inexternal-linkmessage-square19linkfedilinkarrow-up13arrow-down10
arrow-up13arrow-down1external-linkNo more tech hiring in India, Donald Trump tells Google, Microsoft and others to focus on Americanswww.indiatoday.inalphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 8 days agomessage-square19linkfedilink
minus-squareCompactFlax@discuss.tchncs.delinkfedilinkEnglisharrow-up1·8 days agoHow does number go up when payroll is big?
minus-squareCompactFlax@discuss.tchncs.delinkfedilinkEnglisharrow-up0·8 days agoActually that’s the “problem” isnt it. There’s a tax loophole for tech industry payroll that was recently closed up if I recall correctly.
minus-squareWanderingThoughts@europe.publinkfedilinkEnglisharrow-up1·8 days agoTech workers can’t be written down as R&D anymore, and get a big tax cut on the wages. Immediately layoffs started. That’s what I recall.
How does number go up when payroll is big?
Tax cuts and bail outs.
Actually that’s the “problem” isnt it. There’s a tax loophole for tech industry payroll that was recently closed up if I recall correctly.
Tech workers can’t be written down as R&D anymore, and get a big tax cut on the wages. Immediately layoffs started. That’s what I recall.