>Here is how the S174 change impacted some companies, based on what I found in their annual reports:
>Microsoft: $4.8B additional tax paid in 2023. The company generated a $72B profit that year, so this tax increase was manageable. It’s still a very large amount!
>Netflix: around $368M in additional tax paid – also manageable with $4.4B annual profit.
>Google: the tax change was minimal, because Google was voluntarily amortizing software development expenses for most staff, already. This was for all projects that reached “technological feasibility,” which is a milestone products pass before public release.
>Here is how the S174 change impacted some companies, based on what I found in their annual reports:
>Microsoft: $4.8B additional tax paid in 2023. The company generated a $72B profit that year, so this tax increase was manageable. It’s still a very large amount!
>Netflix: around $368M in additional tax paid – also manageable with $4.4B annual profit.
>Google: the tax change was minimal, because Google was voluntarily amortizing software development expenses for most staff, already. This was for all projects that reached “technological feasibility,” which is a milestone products pass before public release.