OPPORTUNITY COST, DISCOUNTING, AND DEFERRED TAX LIABILITIES: A FINAL NOTE
针对递延税负债折现率选择问题，指出使用税前折现率的论证存在缺陷，并提出支持税后折现率的替代理由。
A decade of discussion regarding deferred tax liabilities has been narrowed to the question of whether pre‐ or post‐tax discount rates should be employed. A recent article has once again presented the case for pre‐tax rates. This note raises problems with that argument and presents an alternative case for the use of post‐tax rates of discount.