Talk:Subsidiary

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I have expanded the opening paragraph to make it more self-contained as an introduction to the concept. This has meant including definitions of parent and group directly on the page. It seems impossible to discuss subsidiaries without reference to them, and to be unnecessary to require the reader to go elsewhere to find what they mean.

I have also added, for the general reader, some examples of why subsidiaries arise in practice. I think there would be value too in a section that explains why the definition is important in terms of accounting, liability and taxation.

The control section as it stands has become confused. The most useful reference for the test, in an international context, might be the IASB and in particular IAS 27 "Consolidated and Separate Financial Statements", unless someone knows a better source.

I am of the view that the material on US railroad subsidiaries is too specific for this article and should either be used as an illustration of a more general point (the dormant subsidiary?) or be moved to a railroad home.

[edit] Why use a subsidiary

Why use a subsidiary? seems like it would be an interesting source for this article. Too bad I don't have access. If anyone does, let me know. II | (t - c) 21:33, 17 April 2009 (UTC)