1-1 of 1
Keywords: tax asymmetry
Close
Follow your search
Access your saved searches in your account

Would you like to receive an alert when new items match your search?
Close Modal
Sort by
Journal Articles
The Accounting Review (2018) 93 (4): 101–125.
Published: 01 July 2018
... and losses asymmetrically. Profits trigger tax liabilities, but losses do not immediately trigger tax receivables. To alleviate the tax asymmetry, loss firms receive tax refunds conditional on profitability. Two regimes prevail. First, under carryback regimes, firms offset losses with past profits...
Includes: Supplementary data