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subsidiary |
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subsidiaryIn business, a company that is legally controlled by another company having 50% or more of its shares. A parent company may believe that having a subsidiary is preferable to full integration for taxation purposes, or may allow local participation if the subsidiary is in another country. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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