From my lens, when I think about control, it's who ultimately has who is the beneficial owner of the assets and whether you can actually use the assets. The point I'm trying to make is back in my former life, grappling with so many different issues, there are criteria to determine whether the IRS is going to take a look at this as a controlled entity or versus whether accounting standards determine that. And they're not always the same, Correct, correct. Although you have the advantage there. I'm neither an attorney or a tax attorney, but as I understand it, yes, Mr. Ramakrishna, can you speak to that? (05:23–05:47)
CLAIM
Asserts that IRS and accounting standards have different criteria for determining control of an entity.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
