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I proposed a solution and your best argument was 'what if it was bad'. Your argument had no substance to it. You're arguing about artistic control when the arti
by fzeroracer 3y ago
I proposed a solution and your best argument was 'what if it was bad'. Your argument had no substance to it. You're arguing about artistic control when the artists are literally not the one in control, it's the businesses making a decision to take away art from them.
And the Infinity Train example has nothing to do with a specific loophole, it is how tax write-offs work. It was done because the merger saddled Warner Bros with debt which it sought to rectify by reducing its tax burden as much as possible through devaluation of assets. The only 'loophole' is that companies have to pay taxes on assets gained during a merger. So to avoid this companies write off their assets to say their value is $0, reducing their total tax burden. But the core problem is still the fact that they can say that their asset is worth $0 and shelve it forever.