General anti-avoidance rule applies alongside or in place of other tax bases, subject to prescribed guidelines. The Chapter establishes the general anti-avoidance rule as an overarching mechanism governing tax liability, providing that its provisions apply either in ... Summary
General anti-avoidance rule applies alongside or in place of other tax bases, subject to prescribed guidelines.
The Chapter establishes the general anti-avoidance rule as an overarching mechanism governing tax liability, providing that its provisions apply either in addition to or in lieu of any other basis for determining tax and that application and scope are to be governed by prescribed guidelines and conditional requirements.
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