The economic substance doctrine /
"... analyzes the "economic substance doctrine" as codified in [section] 7701(o) of the Internal Revenue Code. Section 7701(o) defines the "economic substance doctrine" as the "common law" developed by the courts to disallow tax benefits for tax-motivated transacti...
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Format: | Online |
Language: | English |
Published: |
Arlington, VA :
Tax Management,
[2006]-
|
Series: | Tax management portfolios ;
508-2nd |
Subjects: | |
Online Access: | https://www.bloomberglaw.com/product/tax/citation/tm%20508 |
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LEADER | 00000cai a2200000Ki 4500 | ||
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001 | ocm83248580 | ||
003 | OCoLC | ||
005 | 20161014021220.0 | ||
006 | m o d | ||
008 | 070213c20069999vau x w o b 0 2eng d | ||
040 | |a BNA |e rda |c BNA |d BNA |d OCLCA |d BNA |d OCLCQ |d OCLCA |d OCLCF |d OCLCO |d BNA |d OCLCO |d BNA | ||
043 | |a n-us--- | ||
049 | |a BNAM | ||
100 | 1 | |a Chip, William W., | |
245 | 1 | 4 | |a The economic substance doctrine / |c William W. Chip, Esq. (Covington & Burling LLP, Washington, D.C.) ; based on an earlier version by Yoram Keinan, Esq. (Carter Ledyard & Milburn LLP, New York, NY) |
260 | |a Arlington, VA : |b Tax Management, |c [2006]- | ||
300 | |a 1 online resource | ||
310 | |a Updated irregularly | ||
490 | 1 | |a U.S. income portfolios ; |v 508-2nd | |
500 | |a Author: Yoram Keinan, <Sept. 27, 2007>-2015 | ||
500 | |a Published: Washington, D.C., 2006-2007 | ||
504 | |a Includes bibliographical references | ||
505 | 0 | |a Detailed analysis. Introduction and scope of portfolio -- Landmark pre-codification decisions -- Other judicial anti-abuse doctrines -- The pre-codification circuit splits -- The pre-codification profit requirement -- Economic substance and entity recognition -- Integration or bifurcation of a series of transactions -- Pre-codification economic substance cases by topic -- Working papers | |
520 | |a "... analyzes the "economic substance doctrine" as codified in [section] 7701(o) of the Internal Revenue Code. Section 7701(o) defines the "economic substance doctrine" as the "common law" developed by the courts to disallow tax benefits for tax-motivated transactions that had no "business purpose" or no "economic substance." The "business purpose" test looks to the taxpayer's motives for entering into the transaction, while the "economic substance" test looks to the reality of the transaction. Prior to codification, the presence of either "business purpose" or "economic substance" was sufficient in some circuits to sustain a transaction's tax benefits (the "disjunctive" test); in other circuits both needed to be present (the "conjunctive test") | ||
530 | |a Also issued in print | ||
538 | |a Mode of access: World Wide Web | ||
588 | |a Description based on contents viewed on Oct. 1, 2015; title from description page | ||
650 | 0 | |a Taxation |z United States | |
650 | 0 | |a Tax shelters |z United States | |
700 | 1 | |a Keinan, Yoram, | |
710 | 2 | |a Tax Management Inc. | |
776 | 0 | 8 | |i Print version: |a Chip, William W. |t Economic substance doctrine. |d Arlington, VA : Tax Management Inc., ©2015- |z 9781633590786 |w (OCoLC)921278557 |
830 | 0 | |a Tax management portfolios ; |v 508-2nd | |
856 | 4 | 0 | |u https://www.bloomberglaw.com/product/tax/citation/tm%20508 |
907 | |a .b2381461 | ||
998 | |a inter | ||
999 | |c 111766 | ||
852 | |a Law Library |b online |