public-policy limitation. Tax. A judicially developed principle that a person should not be allowed to deduct expenses related to an activity that is contrary to the public welfare. ? This principle is reflected in the Internal Revenue Code’s specific disallowance provisions (such as for kickbacks and bribes). [Cases: Internal Revenue 3368. C.J.S. Internal Revenue ¡ì 188.]
How do Chinese legal professionals usually express the term PUBLIC-POLICY LIMITATION?
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.