But they can do this already. They could just spend the money on research and th... | Hacker News

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		willyt on Dec 10, 2012 \| parent \| context \| favorite \| on: Google Revenues Sheltered in No-Tax Bermuda Soar t... But they can do this already. They could just spend the money on research and then they wouldn't have so much profit to be taxed.

kragen on Dec 10, 2012 [–]

When I wrote that comment, I thought that investment in R&D was taxed because it added to the book value of the company —you carry the results as intangible assets on your books until you depreciate them. Some other comments have asserted that that's not the case, since capital investment is not taxed as profit.

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