Arm’s length principle: Difference between revisions
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imported>Doug Williamson (Link with Principal page and make anti-tax avoidance dimension more prominent.) |
imported>Doug Williamson (Remove brackets.) |
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When a transaction between two related or affiliated parties is conducted | When a transaction between two related or affiliated parties is conducted and priced as if they were unrelated, so that there is no question of either: | ||
* A conflict of interest, or | * A conflict of interest, or | ||
Revision as of 14:53, 14 December 2014
When a transaction between two related or affiliated parties is conducted and priced as if they were unrelated, so that there is no question of either:
- A conflict of interest, or
- Tax avoidance.
