1 Song in Multiple Albums

Quite a few songs I have appear in a few albums (single and album or album and greatest hits etc). I haven't found a nice way of dealing with this so far, and wonder if I'm missing something. If I import it twice then it's taking up double the disc space (not a big deal) and has two seperate Play Counts and is twice as likely to appear in a Shuffle. Or import once, but my greatest hits is missing the greatest hits from the album I've got when I play it (I know I could make a playlist, but it's mucky).

Is there a nice way of dealing with this in iTunes, and if not can we get one please?!