Abstract

http://ssrn.com/abstract=2271510
 


 



Tax Shelters or Efficient Tax Planning? A Theory of the Firm Perspective on the Economic Substance Doctrine


T. Christopher Borek


Analysis Group, Inc.

Angelo Frattarelli


United States Department of Justice

Oliver Hart


Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

May 29, 2013


Abstract:     
Courts have articulated a number of legal tests to distinguish corporate transactions that have a legitimate business or economic purpose from those carried out largely, if not solely, for favorable tax treatment. We outline an approach to analyzing the economic substance of corporate transactions based on the property rights theory of the firm, and describe its application in two recent tax cases.

Number of Pages in PDF File: 35

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Date posted: May 30, 2013  

Suggested Citation

Borek, T. Christopher and Frattarelli, Angelo and Hart , Oliver, Tax Shelters or Efficient Tax Planning? A Theory of the Firm Perspective on the Economic Substance Doctrine (May 29, 2013). Available at SSRN: http://ssrn.com/abstract=2271510 or http://dx.doi.org/10.2139/ssrn.2271510

Contact Information

T. Christopher Borek
Analysis Group, Inc. ( email )
1899 Pennsylvania Ave., NW
Suite 200
Washington, DC 20006
United States
Angelo Frattarelli
United States Department of Justice ( email )
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001
United States
Oliver D. Hart (Contact Author)
Harvard University - Department of Economics ( email )
Littauer Center
Cambridge, MA 02138
United States
617-496-3461 (Phone)
617-495-7730 (Fax)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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