If an investment has produced no profit, tax relief predicated on having made the investment is no help;any corporate manager who fears that a new asset will not make money is scarcely comforted by promises of reductions in taxes the corporation will not owe.
which of the following is the most reliable inference to draw from the passage above?
A. An effective way to discourage unprofitable corporate investment is to predicate tax relief on the making of profitable investments. B. Corpoate managers are likely to ignore tax considerations in deciding to invest in assets they believe will be profitable.
C. The promise of tax benefits for making new inbestments will not in and of itself stimulate new investment.