Examlex
The tragedy of the commons refers to a situation in which a resource is overexploited because it is not
Resident Aliens
Individuals who are not citizens of the United States but meet certain residency or physical presence tests and are subject to U.S. taxes on global income.
Electing
The act of choosing a specific tax treatment or option as permitted under tax laws.
Parent-subsidiary Corporations
A relationship between two companies where one (the parent) controls the other (the subsidiary).
Consolidated Tax Return
A tax return filed by a corporate group that combines its tax liability into one return, simplifying the tax filing process.
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