{"iri":"https://lexicon.financial/ext/uscode/us/usc/t26/s7701/o/5/A","label":"economic substance doctrine","definition":"The term “economic substance doctrine” means the common law doctrine under which tax benefits under subtitle A with respect to a transaction are not allowable if the transaction does not have economic substance or lacks a business purpose.","license":"https://www.usa.gov/government-copyright","source":"tax","source_url":"https://uscode.house.gov/browse/prelim@title26"}