It gets the money to do that by selling tax losses to other British companies.
Town and school officials are projecting the impact of the tax loss.
In the end I thought it would serve him as no more than a tax loss.
But that tax loss would be a real one as well, and seems to have little appeal to them.
You've just got yourself a nice fat tax loss to put against your Vegas interests.
We don't have tax losses forever, but at least for some period it makes no sense to try to separate them.
But for us, it made more sense to take the tax loss than to keep waiting.
I sold it at the end of the year to take a tax loss, which allowed me to start trading again.
Such companies can also provide tax losses that benefit a parent company.
So is a tax loss really a reason to sell?