Combined Reporting. Cindy Avrette Revenue Laws Study Committee December 12, 2006. Combined Reporting. WHAT IS IT? It is a method of calculating the income of a group of affiliated corporations for tax purposes
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Revenue Laws Study Committee
December 12, 2006
A that is made up either single economic enterprise of separate parts of a single business entity or of a commonly controlled group of business entities that are sufficiently interdependent, integrated and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts.
A group of corporations that are related through common ownership, and, by a preponderance of the evidence, are economically interdependent with one another as demonstrated by the following factors:a. Centralized management;
b. Functional integration; andc. Economies of scale.