(a) Filing of consolidated returns may be permitted or required in accordance with Rules and Regulations prescribed by the Administrator.
(b) In the case of a corporation that carried on transactions with its stockholders or with other corporations related by stock ownership, interlocking directorates, or some other method, or in case any person operates a division, branch, factory, office, laboratory, or activity within the City of Brooklyn constituting a portion only of its total business, the Administrator shall require such additional information as he may deem necessary to ascertain whether net profits are properly allocated to the City of Brooklyn. If the Administrator finds that net profits are not properly allocated to the City of Brooklyn by reason of transactions with stockholders or with other corporation related by stock ownership, interlocking directorates, or transactions with such division, branch, factory, office, laboratory, or activity or by some other method, he shall make such allocation as he deems appropriate to produce a fair and proper allocation of net profits to the City of Brooklyn.
(Ord. 2001-36. Passed 9-10-01.)