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Loss Carryback
A tax provision that allows businesses to apply a net operating loss to past tax years in order to receive a tax refund.
Income Before Taxes
The amount of income a company generates before accounting for income taxes, often used to assess the profitability of a company excluding tax expenses.
Income Tax Rate
The proportion of an entity's income that is subjected to taxation.
Deferred Tax Note
An explanatory note in financial statements detailing the amounts and causes of deferred tax assets and liabilities.
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