Ethics of shifting taxable income : substance versus form /
Should a manager express concerns to tax and legal experts regarding a transaction whose legal form appears inconsistent with its economic substance? In this case, a financial manager, Victor, considers whether to express his reservations regarding a proposal made by a colleague, Dominic, to restruc...
| Main Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
London :
Institute of Management Accountants,
2021.
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| Series: | SAGE Business Cases.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Should a manager express concerns to tax and legal experts regarding a transaction whose legal form appears inconsistent with its economic substance? In this case, a financial manager, Victor, considers whether to express his reservations regarding a proposal made by a colleague, Dominic, to restructure transactions with attendant tax consequences of questionable economic substance and legitimacy. Victor has a choice whether to support structuring transactions that some would argue is not consistent with the economic substance of the transaction or to object to legally structuring transactions inconsistent with economic substance.This case is based on the experience of one of the authors. Students have the opportunity to consider the role of a financial manager, Victor, who is not a tax expert but is supporting international business and has an ethical duty to act in a manner consistent with his responsibility. |
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| Physical Description: | 1 online resource : illustrations. |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 9781529619256 1529619254 |