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tax loss

noun

  1. a loss sustained by a company that can be set against future profits for tax purposes
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

After the end of the quarter in January, Merrill officially announced a $15 billion after-tax loss.

Do we need to wait until the Securities Investor Protection Corporation pays the claims before taking the tax loss?

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