Net operating loss policies in Poland – a tool for tax neutrality and a firm’s antifragility

نویسندگان

چکیده

Abstract The purpose of the article is to check impact Net Operating Loss Policies (NOL) for firms. are a central fiscal tool because they enable firms be taxed on their average profitability over time. A complete NOL policy has 4 dimensions: carry-forward (1), carry-back (2), unlimited in time (3) and with value money (4) taken into account. No country applies policy. To evaluate all dimensions policies, Polish firm data from 41 sectors BACH database ten years, 2011 2020, analysed. results show that change observed effective tax rate positive In such case, pay less CIT total, showing state will earn less, but should get more stability which hoard cash. More investments or equity could reached, strengthening state’s stability. variance confirms intuition, an earlier use full almost deficit logically means higher years come (but gross terms).

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ژورنال

عنوان ژورنال: Financial Internet Quarterly

سال: 2022

ISSN: ['2719-3454']

DOI: https://doi.org/10.2478/fiqf-2022-0020