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the ultimate resource on the treatment of economic substance in tax cases across different international jurisdictions. The law regarding the role of economic substance in tax avoidance cases is an evolving and important subject area in Canada. An absence of economic substance is now considered to be a prominent indicator of abusive tax avoidance in many jurisdictions, including Australia, New Zealand, South Africa, and the United States. The author approaches the subject matter by examining the historic and modern-day treatment of economic substance on a comparative basis in several jurisdictions, and includes case studies of tax avoidance cases and an evaluation of GAAR decisions in Canada and other tax jurisdictions. In an area of law that is currently fraught with confusion in Canada, this book provides you with an in-depth understanding of the issue, and much needed clarity.