fiscal nullity
C2CEFR level
96/100Rarity: very rare
TechnicalRegister
A doctrine treating a self-cancelling series of steps as having no tax effect where inserted solely to avoid tax.
The scheme collapsed under the fiscal nullity principle once the circular payments were disregarded.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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