单选题

A tax loss carry forward is best described as the（）。

A、 net taxable loss that can be used to refund paid taxes from the previous year.
B、 difference of deferred tax liabilities and deferred tax assets.
C、 difference of deferred tax liabilities and deferred tax assets.

【正确答案】 C

【答案解析】

A tax loss carry-forward is the net taxable loss that can be used to reduce taxable income in the future.