https://www.taxtmi.com/acts?id=11779 The Chapter establishes a general anti-avoidance framework by defining when an arrangement is an impermissible avoidance arrangement-one entered into mainly to obtain a tax benefit that creates non-arm's-length rights or obligations, results in misuse or abuse of the Code, lacks commercial substance, or is carried out by means not normally used for bona fide purposes. It defines related operative concepts including accommodating party, associated enterprise, arm's length price, round trip financing, and tests for commercial substance to identify and address tax-motivated transactions. en-us Fri, 17 Sep 2010 10:28:36 +0530 Fri, 17 Sep 2010 10:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11779 The Chapter establishes a general anti-avoidance framework by defining when an arrangement is an impermissible avoidance arrangement-one entered into mainly to obtain a tax benefit that creates non-arm's-length rights or obligations, results in misuse or abuse of the Code, lacks commercial substance, or is carried out by means not normally used for bona fide purposes. It defines related operative concepts including accommodating party, associated enterprise, arm's length price, round trip financing, and tests for commercial substance to identify and address tax-motivated transactions. Act-Rules Bills Fri, 17 Sep 2010 10:28:36 +0530 https://www.taxtmi.com/acts?id=11779