{"product_id":"the-loss-carryback-von-niklas-mark","title":"The loss carryback","description":"\u003cp\u003eIn the wake of the effects of the Covid 19 pandemic, a number of income tax relief measures were enacted in Austria to cushion severe economic consequences from the lockdown measures. Among other things, the Economic Stimulus Act 2020 introduced a temporary loss carryback into the Income Tax Act for this purpose. Compared to the loss carryforward, the loss carryback carries back a loss to a previous period. This loss (retroactively) reduces the tax base on which tax has already been paid. This process triggers a tax credit, so that liquid funds are generated.This paper deals with the extent to which the release of liquidity could theoretically prevent insolvency. A binomial model is used to simulate several periods under different initial situations in order to assess the effect of the loss carryback in any scenario.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9786204669878\"\u003e\u003ch3\u003eAn Income Tax Relief Instrument in the Context of Insolvency Avoidance\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9786204669878","offer_id":40056972836957,"sku":"9786204669878","price":43.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/6ddd1e83-fd37-4b50-837b-c229c2a45e07.png?v=1758949885","url":"https:\/\/shop.autorenwelt.de\/products\/the-loss-carryback-von-niklas-mark","provider":"Autorenwelt Shop","version":"1.0","type":"link"}