classification scheme that assigns loss firm-years into three categories based on whether management appears to have recognized a … material change in the VA and whether the firm has positive taxable income or not (e.g., a net operating loss). The results of … three years beyond variables previously identified to predict loss persistence. This incremental information is consistent …

-border loss offset inherent to formula apportionment. In the medium run, in which only firms can adjust their strategies, tax …, contrary to output factors, input factors provide an insurance against tax revenue shortfalls due to loss-making affiliates …

-border loss offset inherent to formula apportionment. In the medium run, in which only firms can adjust their strategies, tax …, contrary to output factors, input factors provide an insurance against tax revenue shortfalls due to loss-making affiliates. …

the fundamental value of these loss firms is difficult to determine, we expect particularly strong value effects among …