There have been proposals to allow firms interest on the losses they carry forward on their tax
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There have been proposals to allow firms interest on the losses they carry forward on their tax returns from one year to the next. That is, if a fi rm has a loss this year of $100,000, and the interest rate is 10 percent, it can deduct $110,000 from its income next year (assuming that net income is positive). Why might such a proposal be desirable? Would it completely resolve the problems that it is intended to address?
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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