The following information pertains to XYZ Inc.: 
Assuming that XYZ has a policy of tax refund maximization,how much would the company be able to recover in taxes through the use of its 2014 tax loss?
Definitions:
Horizontal Integration
A strategy where a company acquires, merges with, or takes over another company in the same industry at the same stage of production.
Media Regulation
The control or guidance by governmental or independent bodies over various types of media content and distribution.
Vertical Integration
A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.
Socioeconomic Integration
The process of incorporating individuals from various economic and social backgrounds into a cohesive, unified community.
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