_____ 14. The business purpose doctrine requires a transaction to have an economic purpose other than one based solely on tax avoidance.

Name: _____ 14. The business purpose doctrine requires a transaction to have an economic purpose other than one based solely on tax avoidance.
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The business purpose doctrine requires a transaction to have a valid business purpose other than tax avoidance. It is designed to prevent the use of artificial transactions solely for tax savings.

_____ 14 the Business Purpose Doctrine Requires a Transaction to Have