Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Business Administration => Topic started by: munna99185 on April 03, 2014, 01:10:35 PM

Title: Tax umbrella
Post by: munna99185 on April 03, 2014, 01:10:35 PM

Tax umbrella is the use by a company of the losses it sustained in previous years to offset taxes on the profits it achieves in future years. Individuals can also use a tax umbrella so that their investment losses in previous years offset their investment gains in future years. A tax umbrella takes advantage of a tax law provision to reduce tax liability. Businesses and individuals are limited in how much of a loss they can use to offset taxes in any given year. Any loss that is left over can be used to offset taxes on gains in future years. A tax umbrella is also known as a tax loss carryforward.
[Source:http://www.investopedia.com]


Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Economics
Daffodil International University

Title: Re: Tax umbrella
Post by: shahanasumi35 on April 09, 2014, 07:45:22 PM

Informative post.

Title: Re: Tax umbrella
Post by: gour2010 on April 13, 2014, 10:57:04 AM

thank for sharing good  concept 8)