One of the justifications for the enactment of the tax law governing corporate reorganizations was the economic benefit it would provide businesses including making them more efficient).

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The tax law governing corporate reorganizations was enacted in part to provide economic benefits to businesses, including making them more efficient, by allowing them to restructure in a tax-neutral manner, thereby facilitating transactions that could improve their operations, competitive standing, and overall health without incurring prohibitive tax costs.

One of the Justifications for the Enactment of the Tax