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Business purpose test

Test used as a weapon against tax avoidance schemes. Artificial schemes which create circumstances under which no tax or minimal tax is levied may be disregarded if they do not serve a "business purpose".

News On Business purpose test
GM to enjoy more mkt share with new MPV 'Chevrolet Enjoy'  

09-05-2013| Source:CNBC-TV18

General Motors India is hoping that this new MPV (multi-purpose vehicle), the Chevrolet Enjoy, launched today will help it to do well and enjoy more market shares.

Battle over US immigration bill starts in Congress

07-05-2013| Source:Reuters

The US Congress this week opens its first debate in six years on a comprehensive immigration reform bill, testing whether business and labor groups can hold together on a delicately crafted deal

HP Delivers Purpose-Built Server For Big Data

02-05-2013| Source:BizTech2.com

HP ProLiant SL4500 server series will help clients operationalise Big Data, drive new business opportunities and save up to $1 million over three years.