Positively related
It depends what kind of tax loss it is.
Lost depreciation tax means that loss of that tax amount which could be saved if there would be depreciation expenses in profit and loss account which will reduce the profit and hence the tax as well.
theft loss of inventory on sole proprietor. how is it handled on tax return
A tax trap is a tax law provision that can result from a taxpayer's loss of an otherwise available tax benefit from a transaction.
Is an unrealized loss reported to IRS?
The deadweight loss of a tax rises more than proportionally as the tax rises. Tax revenue, however, may increase initially as a tax rises, but as the tax rises further, revenue eventually declines. For example; if you sell a product with a $1.00 tax, you have less tax revenue than if you sold twenty of the product with a .10 cent tax. When you increase a tax, the revenue goes down because the product will not sell at that higher price.
its a loss of economic well being brought by taxation where a state imposes tax and taxed goods and services are less attractive to consumers
Value of wasted resources devoted to expanded domestic consumption and expenditures devoted to less desired substitutes brought about by a tariff.
For the most part so-called "tax incentives" simply remove part or all the burden of the tax from whatever market transaction is taking place. This is because almost all taxes impose what economists call an excess burden or a deadweight loss Deadweight loss is the difference between the amount of economic productivity that would occur absent the tax and that which occurs with the tax imposed. -from wikipedia-
The term "deadweight loss of taxation" refers to the negative manner that better defines the wedge a tax places between buyers & sellers. In this particular situation the "dead weight loss" reduces the product or quantity exchanged. The tax increases the "wealth" of the government and reduces the welfare of both buyer & seller. Taken in its totality it's a dead weight loss because all three parties to the exchange are reduced because the cost of the tax exceeds the revenue raised by the government.
It depends what kind of tax loss it is.
In accounting terms, the tax loss is a loss that can be adjusted against a taxable profit figure in earlier period of trading.
No.
interperiod tax allocation results in a deferred tax liability
Lost depreciation tax means that loss of that tax amount which could be saved if there would be depreciation expenses in profit and loss account which will reduce the profit and hence the tax as well.
theft loss of inventory on sole proprietor. how is it handled on tax return
theft loss of inventory on sole proprietor. how is it handled on tax return