IBA 2013 Annual Conference: Cutting your losses: where did all my NOLs go?

Most jurisdictions allow a company to set off tax losses against profits in other periods. In addition to limiting the period for loss carry forwards, many countries have restricted the use of tax losses and have established or tightened loss forfeiture rules upon change of ownership. This session will explore the situations in which a company or corporate group may be unable to claim relief for its tax losses and how to address this problem proactively.