Your English writing platform
Discover LudwigExact(59)
High on that list was something called "deferred tax assets".
And you have to tax assets, not just income.
It still contains bookkeeping entries called intangible assets and deferred tax assets, which don't absorb losses.
In fact, Clegg said on Monday that he would rather tax assets than income.
Japanese banks count deferred tax assets, or estimated future tax savings, as part of capital.
The company is taking the charge because it had recorded deferred tax assets from previous quarters.
It still contains bookkeeping entries called intangible assets and deferred tax assets, which don't absorb losses," Mr. Eisinger writes.
Like many Japanese banks, Resona counted a large lump of "deferred tax assets" in its capital base.
A spokeswoman for the bank said: "Citi is very comfortable with the recording of our deferred tax assets.
And we have exercised the same right available to every American company to use deferred tax assets.
The company attributed the loss, in part, to an ¥85 billion write-down in deferred tax assets.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com