The thing that I hate most about this rule, as a developer, is that employers keep trying to get me to track all my hours of work. They do this to figure out what portion of my wages they can claim as capitalized expenses.
That would make sense if I was a consultant, or working for a consultancy, and billing someone else for those hours. As a full time salaried employee, time tracking is just a pain in my ass.
To make things worse, I believe that few, if any, companies doing this time tracking are doing it with any amount of rigor. If an auditor really wanted to check, they would find that the claimed capitalized expenses are overinflated, and are technically tax fraud.
Just remove the rule altogether. A company paying a wage to a software engineer shouldn't be taxed any differently than any other kind of employee.
That would make sense if I was a consultant, or working for a consultancy, and billing someone else for those hours. As a full time salaried employee, time tracking is just a pain in my ass.
To make things worse, I believe that few, if any, companies doing this time tracking are doing it with any amount of rigor. If an auditor really wanted to check, they would find that the claimed capitalized expenses are overinflated, and are technically tax fraud.
Just remove the rule altogether. A company paying a wage to a software engineer shouldn't be taxed any differently than any other kind of employee.