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Text File  |  1992-09-02  |  275b  |  8 lines
  1. A company that is legally controlled by
  2. another company having 50% or more of its
  3. shares. A parent company may believe that
  4. having a subsidiary is preferable to full
  5. integration for taxation purposes, or may
  6. allow local participation if the subsidiary
  7. is in another country.
  8.