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He said the $300,000 was used to offset those expenses.
Hedges are financial methods used to offset price changes.
The deferred assets could have been used to offset taxes on future profits.
So it had losses it could use to offset the Odyssey profits coming onto its books.
Those losses could be used to offset any future taxable gains made by the company.
And new tax credits available to help pay premiums cannot be used to offset the penalty.
Here the stake-sharp stiletto that Wu used to offset some of his more ladylike looks.
Those benefits are then used to offset taxes on its American manufacturing profits.
While the phantom losses can be used to offset income from other sources, they cannot be used to offset the phantom income, leaving their holder with a tax bill and no resulting cash.
Those losses, he said, are better used to offset short-term gains, which are taxed at a higher rate.
Under current law, net operating losses can eventually be used to offset some taxes once a company is profitable.
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