Tax Avoidance Transactions Sample Clauses
The Tax Avoidance Transactions clause is designed to address and restrict actions taken by parties to minimize or evade tax liabilities through artificial or non-compliant means. Typically, this clause outlines the types of transactions or arrangements that are considered unacceptable for tax purposes, such as those lacking genuine commercial substance or intended primarily to secure a tax benefit. By including this provision, the agreement aims to prevent parties from engaging in schemes that could expose them to legal penalties or invalidate the intended tax treatment, thereby ensuring compliance with applicable tax laws and maintaining the integrity of the transaction.
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Tax Avoidance Transactions. No Group Member has entered into or been engaged in or been a party to any transaction which is artificial or fictitious or any transaction or series of transactions or scheme or arrangement of which the main or dominant purpose or one of the main or dominant purposes was the avoidance or deferral of or reduction in the liability to Tax of any Group Member.
Tax Avoidance Transactions. In relation to the Thomson Business, no Thomson Group Member has entered into or been engaged in or been a party to any transaction which is artificial or fictitious or any transaction or series of transactions or scheme or arrangement of which the main or dominant purpose or one of the main or dominant purposes was the avoidance or deferral of or reduction in a liability for Tax in respect of the Thomson Business.
Tax Avoidance Transactions. No Group Company has entered into, been a party to or otherwise been involved in any schemes or arrangements designed partly or wholly for the purpose of avoiding Tax. None of the provisions of Part 33, Chapter 2, TCA (or any similar provision of non-Irish Tax law) nor the principles established similar to those in Ramsay v CIR, Furniess v ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ (Inspector of Taxes) v ▇▇▇▇▇▇▇▇▇▇▇▇ Investments Ltd, apply to any transaction, arrangement, event, act, occurrence or omission involving any Group Company which took place on or before Completion or in respect of any series of transactions, arrangements, events, acts or occurrences taking place on or party before Completion and partly after Completion (whether or not involving such Group Company).
Tax Avoidance Transactions. No Target Member has entered into or been engaged in or been a party to any transaction which is artificial or fictitious or any transaction or series of transactions or scheme or arrangement of which the main or dominant purpose or one of the main or dominant purposes was the avoidance or deferral of or reduction in the liability to Tax of any Target Member.
Tax Avoidance Transactions. In relation to the TCL Business, no TCL Group Member has entered into or been engaged in or been a party to any transaction which is artificial or fictitious or any transaction or series of transactions or scheme or arrangement of which the main or dominant purpose or one of the main or dominant purposes was the avoidance or deferral of or reduction in a liability for Tax in respect of the TCL Business.
Tax Avoidance Transactions. No Group Member has been a party to any “listed transaction,” as defined in Section 6707A(c)(2) of the Code and Treasury Regulation Section 1.6011-4(b)(2).