35 Miss. Admin. Code Pt. IV, Subpt. 13, Ch. 01 — Affiliated Corporations

100 Each separately organized corporation is a "person" within the meaning of the law, not
withstanding its affiliation with or relation to any other corporation through stock
ownership by a parent corporation or by the same group of individuals.
101 Each corporation shall file a separate return and include therein the tax liability accruing
to such corporation. This applies to each corporation in an affiliated group, as the law
makes no provision for filing of consolidated returns by affiliated corporations.
102 Transactions where title to taxable property is transferred from one corporation to an
affiliated corporation, partnership, or stockowner constitute taxable events, and these
inter-company transactions may not be eliminated from the measure of tax imposed.
103 (Reserved)