PONDER, Judge.
Plaintiff sued to recover 1971 and 1972 Louisiana franchise taxes paid under protest. The primary issues are: can the state include a parent company's equity interest in a subsidiary entered on the parent company's books for the purposes of determining the parent's franchise tax; and can a reversing entry removing an equity interest in a subsidiary have retroactive effect.
The lower court found for the defendant. Plaintiff appealed. We affirm...
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