sham transaction
1sham transaction — n: a transaction that is made to mislead or deceive others: a transaction having no economic effect that is made to create tax benefits ◇ The Internal Revenue Service may deny tax benefits for sham transactions. Merriam Webster’s Dictionary of… …
2transaction — trans·ac·tion /tran zak shən, sak / n 1: something transacted; esp: an exchange or transfer of goods, services, or funds 2 a: an act, process, or instance of transacting b: an action or activity involving two parties or things that reciprocally… …
3Sham marriage — A sham marriage is a union (marriage) motivated not so much by love but instead by a desire for political advantage or personal convenience. Examples of the former include many royal marriages, one of the most famous being the marriage between… …
4sham — A business transaction, such as a limited partnership, that is entered into for the sake of avoiding tax. Bloomberg Financial Dictionary …
5sham — False dealings. In taxation, a transaction without substance that will be disregarded for tax purposes. See also dummy …
6Tax shelter — Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.In North… …
7Air America-Gloria Wise loan controversy — In July 2005, the [http://www.gothamgazette.com/community/12/news Bronx News ] reported Gloria Wise Boys and Girls Clubs of Co op City loaned $480,000 to Progress Media, then owner of Air America Radio. The Gloria Wise group claims to be a non… …
8Marleasing SA v La Comercial Internacional de Alimentacion SA — European Court of Justice Submitted 3 April, 1989 Decided 13 November 1990, Full c …
9Мнимая сделка — сделка, не влекущая за собой юридических последствий и совершающаяся в основном с целью скрытия имущества от взыскания кредитором. Основным признаком мнимой сделки является отсутствие у ее участников намерения создать соответствующие заключенному …
10Mullens v Federal Commissioner of Taxation — Court High Court of Australia Full case name Mullens v Federal Commissioner of Taxation …
