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World English Dictionary
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possessions corporation
pos·ses·sions cor·po·ra·tion
(
plural
pos·ses·sions cor·po·ra·tions
)
noun
Definition:
subsidiary corporation overseas:
a subsidiary corporation in a U.S. possession that obtains tax benefits on the same basis as a subsidiary in a foreign country
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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