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by throwup238 919 days ago
If that were the case, they wouldn't have to declare the goodwill impairment. Goodwill is meant to account for the kind of intangible benefit they'd get from killing off competition.
1 comments

The issue is, it doesn't matter what it's "meant" to do. It matters how it's technically implemented, and what they can legally claim without the claim running afoul of the IRS (or other tax agencies).