sham transaction

Definition of "sham transaction"
  1. An intentionally deceptive activity or operation that's designed to mislead others, typically structured to receive unlawful tax advantages without any significant financial impact
How to use "sham transaction" in a sentence
  1. The company was penalized for its involvement in a sham transaction designed to evade taxes.
  2. He was accused of engaging in a sham transaction to mislead his business partners about his financial standing.
  3. Investigate any suspicious activities in your organizations, as these could be signs of a sham transaction aimed at tax evasion.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z