| 翻訳と辞書 |
Son of Boss
Son of BOSS is a type of tax shelter used in the United States, one that was designed and promoted by tax advisors in the 1990s to reduce federal income tax obligations on capital gains from the sale of a business or other appreciated asset. Its informal name comes from ("Bond and Option Sales Strategy"), an earlier tax shelter that Son of BOSS resembles.
==Details==
The term was coined by U.S. Treasury officials to describe a variety of tax shelters that sought to wipe out taxes on capital gains from the sale of a business or other appreciated asset; for example, by artificially inflating the basis of a partnership by contributing an asset paired with a contingent liability. The partnership contribution rules at the time ignored the contingent liability that effectively offset the asset. The result was an inflated basis that allowed the taxpayer to claim a loss from the partnership's subsequent unwinding. The shelters involved creating paper losses to offset real gains. All resembled an earlier shelter marketed as "BOSS," short for "Bond and Option Sales Strategy." Beginning in the late 1990s, advisers at some accounting and law firms marketed the Son of BOSS transaction in various forms. It is likely several thousand taxpayers used the shelter before 2000 when the Treasury and the Congress began taking steps to block its tax benefits.
The Son of BOSS schemes involved 1,800 people and cost the government $6 billion in lost revenue, according to Internal Revenue Service (IRS) estimates. Of the $6 billion, the government has recovered more than half. The IRS started cracking down in 2000. By 2005, 1,165 people had settled Son of BOSS cases with the IRS. The complex structures used in the schemes were difficult, however, for the IRS to unravel. Reuters News Service reported that the IRS was losing some court challenges to its crackdown.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
■ウィキペディアで「Son of Boss」の詳細全文を読む
スポンサード リンク
| 翻訳と辞書 : 翻訳のためのインターネットリソース |
Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.
|
|