Explain the meaning of separate sources of income as it relates to the tax treatment of income. a) Discuss three separate sources of income b) Discuss the concept of tax losses in Kenya. Can a company offset a tax loss in one line of business/income against another? c) Kipro limited has the following group structure: Holding Company Subsidiary A (100% by Hold Co) Subsidiary B (100% owned by Hold Co.) Subsidiary C (100% owned by Sub A) Required: i. Discuss the tax implications of the above structure and in particular the corporation tax, including the withholding tax implications for each of the companies. ii. Would your explanation in (i) make a difference if the Holding company was offshore and the subsidiary companies are registered in Kenya