What's more, there are legal doctrines the IRS might use to attack the result, including the recently codified economic substance doctrine. (fairmark.com)
This «recovery» is mostly artificial as it is based largely on these bubbles (I call it a «bubblecovery «-RRB- and very little on true economic substance. (TheBubbleBubble.com)
«In the long run, management stressing accounting appearance over economic substance usually achieve little of either» Warren Buffett (mastersinvest.com)