Control

Tax Glossary Definition

Control

Control – Control represents the capacity of an individual or entity to govern the financial and operating decisions of another organization, usually through ownership of voting shares, decision-making power, or contractual rights. It serves as a key determinant in identifying parent–subsidiary relationships for purposes of accounting consolidation and taxation.

Example: When one company holds a majority of another’s voting shares, it is typically deemed to exercise control over that entity.

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