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The lowered tax rate diminishes the future tax-saving value of NOLs and tax credits, impacting their strategic utilization for reducing future tax liabilities. Additionally, the

The lowered tax rate diminishes the future tax-saving value of NOLs and tax credits, impacting their strategic utilization for reducing future tax liabilities. Additionally, the TCJA prompts a reassessment of the valuation allowance against deferred tax, potentially increasing their reported net value on balance sheets

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