Before 1986, the tax law allowed use of DPPs as a tax loss device.

在1986年之前,税法允许DPP作为一种避税工具

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The Revenue Agent allowed the loss, concluding the loss would either be deductible as a bad debt or worthless stock loss. 1 The statute of limitations for assessment under I.

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On the other hand, the bank's chairman and chief executive, Jamie Dimon, is utterly mortified that he allowed the loss to grow and grow, under his nose, and in spite of warnings in the media that one of the bank's London-based trading desks, home of the famous Whale, was engaging in huge and potentially risky transactions.

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To make this work, banks should be allowed to write down the loss.

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