Why companies that file consolidated taxes allocate tax exp?
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Why do companies that file consolidated tax returns often choose to allocate tax expense to the individual affiliates? Explain.
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Solution Summary
Your discussion is 156 words and a reference and gives reasons for consolidated tax returns.
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Businesses that report their results as a consolidated group and so have a consolidated tax provision, also often prepare stand-alone or "carve out" separate financial statements for individual companies in the consolidated group or subsets of the consolidated group. Southern Company (SO) owns several ...
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