What are the advantages of subsidiaries being independent from the parent company?

There are many benefits. Of course, I personally think the biggest advantage is that you don't have to pay taxes. Well, because only when the profits of subsidiaries are actually remitted back to the parent company can they be taxed in the country where the parent company is located, otherwise the subsidiaries are not obliged to pay taxes in the country where the parent company is located. This is decided by the independent legal person in the country where the subsidiary is located, but the branch is different. Even if the branch does not remit the profits back to the headquarters, the headquarters is obliged to pay taxes on the profits of its overseas subsidiaries in their home countries. As in Hong Kong, it is completely tax-free. When their subsidiaries operate in their own countries, they can recover their investment by selling shares, merging with other companies or selling assets. However, this may cause a little loss. It also has the flexibility of home country equity investment, and so on.