535
Piracy was NEVER stealing
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You're right. Here's the difference though. With "piracy" they can estimate how many copies have been "stolen" and deduct that from their taxable income.
U got some sauce for that?
Its called "shrink", and retailers handle theft exactly like so. If the labels and publishers haven't thought to claim such losses on their taxes, then they need new lawyers.
https://www.irs.gov/taxtopics/tc515
Theft loss.
From your source verbatim, emphasis mine:
Piracy of digital media would not meet that threshold set by the IRS. If any media publisher is deducting this type of “loss” from their taxes it sure reads like they’re committing tax fraud.