> Are you going to suggest they need to get an appraisal on their book, and then pay taxes on it? I keep repeating (and you keep ignoring) that I want no such

> Are you going to suggest they need to get an appraisal on their book, and then pay taxes on it? I keep repeating (and you keep ignoring) that I want no such thing, except when they expect damages for copyright infringement. Taxing based on valuation is what is effectively done for every kind of property. If IP is property, there is no reason it should be exempt. And if it isn't property, it's about time we stop treating it as such.