economic substance

English - Turkish

Definition of economic substance in English Turkish dictionary

ekonomik madde

English - English

Definition of economic substance in English English dictionary

(Kanun) Economic substance is a doctrine in the tax law of the United States under which a transaction must have an economic purpose aside from reduction of tax liability in order to be considered valid. This doctrine is used to determine whether tax shelters, or strategies used to reduce tax liability, are considered "abusive" by the Internal Revenue Service

Hyphenation

e·co·no·mic sub·stance

Turkish pronunciation

ikınämîk sʌbstıns

Pronunciation

/ˌēkəˈnämək ˈsəbstəns/ /ˌiːkəˈnɑːmɪk ˈsʌbstəns/