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this post was submitted on 08 Mar 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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I agree with you. If a company writes off something in order to make it with zero, then that thing should immediately fall into the public domain.
You would have to have another law that says that anything significantly devalued must be able to be purchased for the stated value. Otherwise they will just say it's worth $1.
It's crazy that WB is getting away with blatant tax fraud. I can't claim my house is worth $0 in order to pay no taxes yet WB can say, "This media is worth $0 for tax purposes."