1.   But in return, it wants Washington to give individual states a powerful incentive to create a single consolidated tax on out-of-state purchases, both electronic and mail order.

2.   Consolidated taxes would allow holding companies to help offset high taxes levied on profits of lucrative subsidiaries with lower taxes on units which perform poorly.

3.   Consolidated taxes would allow holding companies to help offset high taxes levied on profits of lucrative subsidiaries with lower taxes on units that perform poorly.

4.   Even for companies that can form holding companies, the benefits can disappear without consolidated taxes.

5.   Even if all these restrictions were lifted later, the benefits largely disappear without consolidated taxes.

6.   Among other things, the LDP-dominated ruling coalition proposed the introduction of a consolidated tax system for corporations and their subsidiaries to be taxed as a group.