English translation: reversal of activated deferred taxes
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German to English translations [PRO] Bus/Financial - Accounting
German term or phrase:Auflösung latenter Steuern
"Auflösung latenter Steuern führt zu hohem Verlust."
I do not understand this sentence. "Auflösung" usually means to me that provisions, for instance for possible taxes in this case, are released. The provision would have burdened profits when it was created and should (if I am not wrong) increase profits when it is released.
Thanks to all of you.
This was a difficult one. I finally used "reversal of activated deferred taxes", which seems to make sense of the loss that is being created. Unfortunately the author was not very helpful in his formulations.