Thus, tax shields are created and they have significant value.

因此，税盾是创造和他们有重要的价值。

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The empirical studies show that: (1) asset liquidity, growth, collateral and non-debt tax shields are negatively related to leverage;

资产流动性、成长性、资产担保价值、非债务税盾与杠杆负相关；

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If tax policy were changed such that biotech NOLs could be traded (sold) to profitable companies as tax shields it would allow these high risk startups to reap the benefits of these NOLs while accessing scarce capital.

FORBES: Billion Dollar Policy Ideas for Supporting Biotech Innovation

Some clients assume that merely placing tax records in the hands of tax lawyers instead of accountants automatically shields them.

FORBES: Court Holds IRS Can Get Key Tax Records Even Held by Your Lawyer

Worse, some of the generous support Uncle Sam provides to domestic ethanol producers a tax credit and a tariff that shields U.S. makers from import competition are due to expire at year-end.

FORBES: ADM Should Pop Again If Lawmakers Renew Ethanol Producer Tax Credits