New tax rules allow total and immediate deduction of costs of robotics and automation equipment

New tax rules introduced by the US government would allow companies to immediately deduct all of the costs of investing in robotics and automation equipment, according to a report on Wall Street Journal. 

In fact, the tax break could extend to other types of equipment as well.

Previously, companies were only allowed to write down investments and not have to pay tax on them slowly over the course of a year. 

Now, says the WSJ, the tax code has been “revised” and it allows companies to “immediately deduct the entire cost of equipment purchases from their taxable income”.

Which should be helpful if a company feels it’s up against an expensive paywall.