Your client,Hamlin Industries,wants to reduce its overall state/local income tax liability.Hamlin holds income-producing assets of various types,including tangible personal property,rental land and buildings,and high-yield stocks and bonds.You assess the asset portfolio and conclude that only the investment portfolio is "portable" and available for relocation at this time.What device might Hamlin use in a restructuring of its operations to achieve the desired tax result?

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The Answer of Your client,Hamlin Industries,wants to reduce its overall state/local income tax liability.Hamlin holds income-producing assets of various types,including tangible personal property,rental land and buildings,and high-yield stocks and bonds.You assess the asset portfolio and conclude that only the investment portfolio is "portable" and available for relocation at this time.What device might Hamlin use in a restructuring of its operations to achieve the desired tax result?

Your Client,Hamlin Industries,wants to Reduce Its Overall State/local Income Tax