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Consolidated Income Tax Return
A single income tax return filed by a parent company on behalf of itself and its subsidiaries, consolidating their income and taxes as one entity.
Domestic Corporations
Domestic corporations are businesses that are registered, incorporated, or formed within a specific country and operate under its laws.
Ownership
The state or fact of owning something, which includes the rights to use, sell, or receive income from it.
Deferred Income Tax Asset
A financial item on the balance sheet that results from over-payment or advance payment of taxes, which is expected to be recovered in future periods.
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