Even with its Losses, Tesla Won’t Take a Big Hit from Lower Tax Rate

Tesla and Sprint among companies that have already written down the value of deferred tax assets. In an interview with Marketwatch.com for this story, Andrew Schmidt, an associate professor of accounting at the NC State Poole College of Management, said, “If a company has a full valuation allowance (i.e., the net deferred tax asset is zero), they will not have an additional deferred tax asset write-off as a result of the corporate statutory tax rate reduction.” Read the full story at Morningstar.com.