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economic substance

noun

Definitions

  1. A substantial purpose (aside from reduction of tax liability) and an economic effect…

    A substantial purpose (aside from reduction of tax liability) and an economic effect (aside from the tax effect), which a transaction must have in order to qualify for any tax benefits.

The neighborhood

Vish — recursive loop

No curated loop yet for economic substance. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA