Home > Boards > US OTC > Delisted > BioAmber Inc. (fka BIOAQ)

LOLDo tell...

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trader59 Member Level  Monday, 10/21/19 02:12:34 PM
Re: bjshrestha post# 86567
Post # of 105500 
LOL

Do tell...

Quote:
A net operating loss (NOL) may be carried forward to offset taxable income in future years in order to reduce a company's future tax liability. The purpose behind this tax provision is to allow some form of tax relief when a company loses money in a tax period.



https://www.investopedia.com/terms/n/netoperatingloss.asp

Corporate tax rate (which, btw, would be applied to taxable income to determine tax) is 21%. The "offset" of taxable income from this company's NOL's is $300+M, so the "offset" of tax is $60-65M, which is less than the debt which would be assumed, and that doesn't count any costs of acquisition.

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