id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-377	O'Reilly, Terrance	Economics and Economic Substance	2022	38	.pdf	application/pdf	15990	671	53	The only meaningful number is after tax profits.). 2010] Florida Tax Review insupportable' 3 because capital markets will take preferential tax treatment into account in setting relative prices.' In practice, economic actors generally consider after-tax prices, after- tax costs, and after-tax profits in making economic decisions, and though the distortions induced by taxes degrade the quality of the signals after-tax prices provide, there seems to be no economic principle indicating that when prices are distorted in these ways, pretax profit would provide a better approximation to profit under lump-sum taxation than after-tax profit.	cache/ftr-377.pdf	txt/ftr-377.txt