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