in the context of the ATAD1 proposal, provision aimed to limit the scope of the rules to cases where the Controlled Foreign Company2 was not established for valid commercial reasons (i.e. does not have 'economic substance')1 Anti Tax Avoidance Directive [ IATE:3567977 ]2 Controlled Foreign Company [ IATE:901252 ]

chemical which is found in an organism but which is not normally produced or expected to be present in it. It can also cover substances which are present in much higher concentrations than are usual ; A substance which would not normally be found in a given environment, usually a toxic chemical which is entirely artificial, such as a chlorinated aromatic compound or an organomercury compound. (Source: BIOTAZ)