Unbelievable that there is incentive to do a tax write off for 10’s of millions. When I make investments that don’t pan out, I sure as hell don’t get paid out.
That seems entirely fair. Proper even… if they get the write off there should be a durable record of this investment that was so poor as to require dramatic remedy.
People could download it from the library of congress and learn how to not make such poor decisions in the future ;-)
That’s pretty much the idea. If they say it’s bad enough to scrap and want society to relieve them of some taxes, then fair enough, but in return everyone gets to learn from the mistakes made.
I could imagine that royalties for any involved artists would need to be sorted out somehow. Howeveri guess once a rule like that exists it would simply become part of the overall negotiations how this would be handled in case a projects gets written off. Similar to how actors e.g. might get x amount of money if a movie goes straight to VOD rather than getting a full theatrical release.
You too can commit continuous tax evasion if you have millions/billions of capital to move around, and teams of lawyers and accountants to do it all nice and legal like.
Unbelievable that there is incentive to do a tax write off for 10’s of millions. When I make investments that don’t pan out, I sure as hell don’t get paid out.
In my opinion a tax write off should automatically make it public domain.
That seems entirely fair. Proper even… if they get the write off there should be a durable record of this investment that was so poor as to require dramatic remedy.
People could download it from the library of congress and learn how to not make such poor decisions in the future ;-)
That’s pretty much the idea. If they say it’s bad enough to scrap and want society to relieve them of some taxes, then fair enough, but in return everyone gets to learn from the mistakes made.
I could imagine that royalties for any involved artists would need to be sorted out somehow. Howeveri guess once a rule like that exists it would simply become part of the overall negotiations how this would be handled in case a projects gets written off. Similar to how actors e.g. might get x amount of money if a movie goes straight to VOD rather than getting a full theatrical release.
Fucking Yup!
You too can commit continuous tax evasion if you have millions/billions of capital to move around, and teams of lawyers and accountants to do it all nice and legal like.