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economic substance
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English
Wikipedia
has an article on:
economic substance
Wikipedia
Noun
edit
economic
substance
(
uncountable
)
(
US
,
economics
,
law
)
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
.
