Viewing a single comment thread. View all comments

Big_Knife_SK t1_jbeffso wrote

Reply to comment by lo_fi_ho in [OC] NVIDIA's FY22 income statement by giteam

I don't know what the program is called in other countries but in Canada it's called SR&ED. Basically you can claim back up to 70% of the expenses you paid into R&D, including salary.

39

Fleinsuppe t1_jbenony wrote

so drug companies also get these huge tax breaks? wtf are we overpaying them for then?

24

Torontogamer t1_jbg0f5a wrote

same reason as most places, because that's what they think you'll pay for it ...

conceptually it makes sense to promote drug development, and most development, but in practice it's very hard to implement anything 'fairly' when they are billions of dollars at stake.

3

Cakeking7878 t1_jbh3tu5 wrote

Wtf. I keep hearing the whole point of capitalism “but they take risks when they invest, we can’t take away their profits. How will they innovate???”

Mean while they get tax breaks on this “risk”

Privatize profits, socialize the losses, bs is what it is

1