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United States

Gregory v Helvering

293 US 465 (1935)
JurisdictionUnited States
Year1935
Statusunclear

Key Principle

A transaction that has no business purpose other than tax avoidance may be disregarded for tax purposes even if it complies with the literal terms of the tax code (the economic substance doctrine).

Area of Law

tax

Related Cases

Commissioner of Taxation v Consolidated Media Holdings Ltd (2012) 250 CLR 503
Federal Commissioner of Taxation v Consolidated Media Holdings Ltd (Statutory Construction) [2012] HCA 55
Aid/Watch Inc v Commissioner of Taxation (2010) 241 CLR 539

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