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Meaning of economic substance | Babel Free

Noun CEFR B2

Definitions

A substantial purpose (aside from reduction of tax liability) and an economic effect (aside from the tax effect), which a transaction must have in order to qualify for any tax benefits.

US, uncountable

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

economic terrorism economic warfare economical economicalization economicalizer Economically

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