The ‘smothering’ you speak of is taxing the retention of earnings for capital assets. If you think this smothers software development, you should look into how much capital assets cost in other industries.
Personally, I think we should either eliminate the corporate income tax (and increase capital gains taxes correspondingly), or allow for all capital spending to be written off fully on day one. Your position of treating capital spending on software differently makes no sense to me.
The ‘smothering’ you speak of is taxing the retention of earnings for capital assets. If you think this smothers software development, you should look into how much capital assets cost in other industries.
Personally, I think we should either eliminate the corporate income tax (and increase capital gains taxes correspondingly), or allow for all capital spending to be written off fully on day one. Your position of treating capital spending on software differently makes no sense to me.