a loss sustained by a company that can be set against future profits for tax purposes
tax loss in Accounting
(tæks lɔs)
Word forms: (plural) tax losses
noun
(Accounting: Tax)
A tax loss is a loss made by a company that can be set against future tax payments.
Firms with large accumulated tax loss carry-forwards shouldn't borrow at all.
There are current moves to establish withholding taxes on portfolio holdings in majorfinancial centers in order to reduce the tax loss on the profits generated there.
A tax loss is a loss made by a company that can be set against future tax payments.
tax, loss
Examples of 'tax loss' in a sentence
tax loss
They'll write off the money already spent on the movie as a tax loss.