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I still don't buy it. I don't like how they get to declare it has no positive value all by themselves. If they claimed the disaster destroyed the factory would
by pests 3y ago
I still don't buy it. I don't like how they get to declare it has no positive value all by themselves.
If they claimed the disaster destroyed the factory wouldn't we go and check it was actually destroyed?
- add-sub-mul-div 3y agoThe IRS would definitely investigate fraud if that was suspected. But this is a pure judgment call. The IRS will only be concerned that they don't use the movie as an asset, it's not their place to take a position on the business strategy. Tax laws can be pretty friendly to businesses. Whether we like it or not.