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How to create elimination company

in Tax Reporting (Direct Tax) 3 comments

Summary: How to set up elimination company in hierarchy


Content (please ensure you mask any confidential information): Have an entity which is reported in both the US and Europe hierarchy, which have a common parent. Unable to create the same entity under both hierarchies as recompute ownership keeps failing. In addition, if you create an elimination company, how can you automate and ensure the reversal of all PTBI and related tax adjustments so consolidation only shows as one entity.


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