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What are some of the practical and ethical implications of consolidated returns at the state, federal, and international levels? Support your post with research.
In response to your peers, compare your point of view with theirs.
Answered 3 days After Sep 19, 2023


Prince answered on Sep 23 2023
29 Votes
Tax Implications of Consolidated Returns Across Borders
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22nd Sep 2023
Consolidated tax returns allow affiliated corporations to file one combined return instead of separate returns for each entity. This can provide practical benefits like administrative simplicity, avoiding double taxation, and offsetting profits and losses within a corporate group. However, consolidated returns also raise ethical concerns about fairness and transparency.
At the state level, combined reporting through consolidated returns helps avoid tax avoidance through transfer pricing and income shifting among entities in different tax jurisdictions (Mazerov, 2003). However, some view mandated consolidated returns as an...

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