Political Quotes

Carl Levin: If a transaction is only done for tax reasons, is it appropriate for the IRS to disallow such a transaction when it does…

On the recordMay 20, 2013
If a transaction is only done for tax reasons, is it appropriate for the IRS to disallow such a transaction when it does not have a business purpose but is being done to shift profits to avoid tax?
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin asks about the appropriateness of IRS disallowing tax-motivated transactions.

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