Statutes, codes, and regulations
Mississippi Administrative Code
Title 35 - Department of RevenuePart 3 - Income and FranchiseSubpart 08 - Corporations
Chapter 05 - Foreign Sales Corporations (FSC's)
Section 35-3-08-05-101

35 Miss. Code. R. 3-08-05-101

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Current through December 10, 2024
Section 35-3-08-05-101

Instead of adjusting all transactions to an arms-length basis, the Commissioner may allow the FSC to consolidate with the parent or other corporation if the result clearly reflects Mississippi income. This will be decided on a case by case and a year to year basis.

35 Miss. Code. R. 3-08-05-101