Solved: Why might a parent want to file a consolidated tax return, Accounting Basics

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Why might a parent want to file a consolidated tax return

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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Accounting Basics: Why might a parent want to file a consolidated tax return

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Accounting Basics: Why might a parent want to file a consolidated tax return

Reference No:- TGS01918426

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