Economic substance
id:
economic-substance-286-4197534
title:
Economic substance
text:
Economic substance is a doctrine in the tax law of the United States under which a transaction must have both a substantial purpose aside from reduction of tax liability and an economic effect aside from the tax effect in order to qualify for any tax benefits. This doctrine is used by the Internal Revenue Service to determine whether tax shelters, or strategies used to reduce tax liability, are considered "abusive". Under the doctrine, for a transaction to be respected, the transaction must chan
brand slug:
wiki
category slug:
encyclopedia
description:
Taxation doctrine
original url:
https://en.wikipedia.org/wiki/Economic_substance
date created:
date modified:
2023-06-19T02:14:42Z
main entity:
{"identifier":"Q5333550","url":"https://www.wikidata.org/entity/Q5333550"}
image:
fields total:
13
integrity:
14