Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Reserve Morris Trust

Updated on 2023-08-29T11:58:20.655883Z

Reserve Morris Trust is a type of tax-optimisation strategy generally used by a company to lower the overall tax by spinning-off or selling assets and skipping tax on any relevant gains. The Reverse Morris Trust allows a company to merge an entity with a subsidiary which is free from tax.