Offshore Banking terms starting with A

2 terms

1. Abusive tax avoidance transaction (ATAT) Is defined as: Tax shelter as defined under Internal Revenue Code (IRC) Section 6662(d)(2)(C), Reportable transaction as defined under IRC Section…
2. Abusive tax schemes Transactions promoted for the promise of tax benefits with no meaningful change in the taxpayer's control over or benefit from the taxpayer's income or…