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(Solved) (Latest ver. Aug 2020) - Parent company does not have to file a consolidated tax return

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Question:

A parent company does not have to file a consolidated tax return even if it owns more than 80% of a subsidiary.
Required: a) Why might a parent want to file a consolidated tax return?
b) Why might a parent not want to file a consolidated tax return?

Please answer with sufficient detail and references.

 







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This question was answered on: Sep 16, 2020

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