What is meant by tax deferral in the U.S. system of taxation? What is the deferral privilege?

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What is meant by tax deferral in the U.S. system of taxation? What is the deferral privilege?
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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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