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Please Read the article,Krantz, 27 Giant Profitable Companies Paid No Taxes?, USA Today (Mar. 7, 2016)(Links to an external site.) . (Note this article presents
Please Read the article,Krantz, 27 Giant Profitable Companies Paid No Taxes?, USA Today (Mar. 7, 2016)(Links to an external site.)
. (Note this article presents the old net operating loss rules, however, the vigorous debates over NOL's are still very common). Now that you knowwhywe have Net Operating Loss rules in our tax system, do you think that our society unfairly targets companies (especially airlines) that utilize Net Operating Losses to reduce their taxable income to zero? Do you think there maybe situations where this rule is abused?
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