The unitary concept has no application where a group of related businesses are organized as separate corporate entities.

Question

Quizplus · Accepted Answer

The unitary concept can be applied to related businesses even if they are organized as separate entities, as long as there is significant interdependence among them. This concept refers to the idea that multiple entities should be treated as a single economic entity for tax purposes.

The Unitary Concept Has No Application Where a Group of Related