Tax Sharing Agreement Us
Since Subsidiary 1`s share is fully absorbed in the loss carry-forward, the group would then turn to Subsidiary 2 and use US$600 of its $2,000 share in CNOL. A third alternative, which may be necessary if Subsidiary 1 is a regulated entity, would require the parent company to pay the full refund to Subsidiary 1, since it would have been able to use its full loss carry-forward to offset its year 4 taxable income. . .