Distribution Tax definition

Distribution Tax means (i) any Tax, calculated without regard to any Tax Benefit Attributes of the Remainco Group, required to be paid by or imposed on any Remainco Group member resulting from, or arising in connection with, the failure of any of the Internal Distributions, the New News Corporation Contribution or the Distribution to qualify for the Intended Tax Treatment, including by reason of the application of Section 355(e) of the Code to the Distribution, and (ii) any and all losses and liabilities relating to or arising from claims of lawsuits by stockholders of Remainco or stockholders of New News Corporation resulting from (A) the failure of the Distribution to be tax-free to such stockholders under Section 355 of the Code (except with respect to cash received in lieu of fractional shares of New News Corporation stock) or (B) the Distribution and the Restructuring not being treated, for U.S. federal income tax purposes, in accordance with the Intended Tax Treatment;
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Distribution Tax means the Taxes described in Section 2.5(a)(ii).
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Distribution Tax means any liability for any Tax (including any Tax of any shareholder of IR or Allegion) that arises directly or indirectly as a result of (i) the Distribution or any of the Internal Distributions failing to qualify (in whole or in part) under Section 355 of the Code, (ii) the stock of Allegion or any Allegion Subsidiary distributed in the Distribution or any of the Internal Distributions, as applicable, failing to be treated as qualified property pursuant to Section 355(e) of the Code, (iii) any stamp, duty, sales, use, transfer or similar Tax imposed as a result of the transactions described in the Ruling or that are part of the Internal Reorganization, (iv) the Distribution failing to qualify, in whole or in part, as tax-free under the applicable provisions of Irish tax law described in the Irish Revenue Clearances and related legal opinions, (v) the implementation of the Canadian Butterfly Transactions, including any preliminary transactions or steps taken in connection with the implementation of the Canadian Butterfly Transactions, or (vi) the failure, in whole or in part, of any of the transactions described in the Ruling or that are part of the Internal Reorganization to qualify for the expected Tax treatment as set forth in the Ruling, the Tax Opinions, or any Tax Return filed by any member of the IR Group, to the extent related to the Distribution or the Internal Reorganization, as applicable.
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Examples of Distribution Tax in a sentence

  • Dividends are freely repatriable without any restrictions (net after Tax deduction at source or Dividend Distribution Tax, if any, as the case may be).

  • Until 31 March 2020, the Mutual Fund was charged with the incidence of Dividend Distribution Tax at the point of distribution of income in the form of Dividend to its investors.

  • With effect from 01 April 2020, the incidence of tax has been shifted from the Mutual Fund to the investors whereby any income in the form of Dividend distributed by the Mutual Fund to its investors will not be subject to Dividend Distribution Tax, rather the same would be taxable in the hands of the investor.

  • The Finance Act, 2020 has abolished the payment of Income/Dividend Distribution Tax (DDT) by the Mutual Funds with effect from 01st April 2020.

  • In view of the individual nature of tax implications, investors are advised to refer the provisions of the Income-Tax Act and/or consult their investment/tax advisor with respect to the specific tax implications arising out of an investment in the scheme.• Income of Sundaram Mutual Fund: Exempt from tax• Dividend Distribution: Tax free in the hands of the investors.

  • The NPS trust is exempted from the Dividend Distribution Tax and is also exempted from the Securities Transaction Tax on all purchases and sales of equities and derivatives.

  • Up to 31 March 2020, any dividend paid to a shareholder by a company was liable to Dividend Distribution Tax (‘DDT’), and the recipient shareholder was exempt from tax.

  • This has resulted in payment of Dividend Distribution Tax (DDT) to the taxation authorities.

  • No Participating Party shall request an opinion on an Audit-related issue from an Audit External Advisor, except to the extent such Audit-related issue relates to an item in a period other than a Pre-2007 Distribution Tax Period and the Audit Management Party affirmatively declines to obtain such opinion.

  • Tenant shall not make or perform, or permit the making or performing of, any alterations to wiring installations or other electrical facilities in or serving the Premises or any additions to the business machines, office equipment or other appliances in the Premises which utilize would have a material impact on Tenant's electrical energy usage in the Premises, without the prior written consent of Landlord in each instance.


More Definitions of Distribution Tax

Distribution Tax means any registration, transfer or Income Taxes (including any Taxes incurred with regard to Section 311(b) of the Code) directly resulting from the Distribution imposed upon WCA or any member of the WCA Group; provided that such term shall not refer to the collateral Tax effects of the Distribution (including with regard to the Tax basis of assets).
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Distribution Tax means (i) any Tax, calculated without regard to any Tax Benefit Attributes of the MII Group, required to be paid by or imposed on any MII Group member resulting from, or arising in connection with, the failure of the MVWC Contribution or the Distribution to qualify for the Intended Tax Treatment, including by reason of the application of Section 355(e) of the Code to the Distribution, and (ii) any and all losses and liabilities relating to or arising from claims of lawsuits by stockholders of MII resulting from the failure of the Distribution to be tax-free to such stockholders under Section 355 of the Code (except with respect to cash received in lieu of fractional shares of MVWC Common Stock);
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Distribution Tax means any Tax required to be paid by or imposed on any Party or any of its Subsidiaries resulting from, or directly arising in connection with, the failure of the Contribution, the Debt Exchange, the Debt Repayment, any Internal Spin-Off or the External Split-Off to qualify for the Intended Tax Treatment;
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Distribution Tax means any federal or state tax imposed on a Person as a result of a Failure, together with any related interest, penalties or additions to tax.
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Distribution Tax means any liability for any Tax (including any Tax of any shareholder of IR or Allegion) that arises directly or indirectly as a result of (i) the Distribution or any of the Internal Distributions failing to qualify (in whole or in part) under Section 355 of the Code, (ii) the stock of Allegion or any Allegion Subsidiary distributed in the Distribution or any of the Internal Distributions, as applicable, failing to be treated as qualified property pursuant to Section 355(e) of the Code, (iii) any stamp, duty, sales, use, transfer or similar Tax imposed as a result of the transactions described in the Ruling or Separation Agreement, (iv) the Distribution failing to qualify, in whole or in part, as tax-free under the applicable provisions of Irish tax law described in the Irish Revenue Clearances and related legal opinions, (v) the Canadian Butterfly Transactions failing to qualify for Canadian Tax-Free Status (if IR intends that the Canadian Butterfly Transactions qualify for Canadian Tax-Free Status) or (vi) the failure, in whole or in part, of any of the transactions described in the Ruling or Separation Agreement (including, for the avoidance of doubt, any transaction that is part of the Internal Reorganization) to qualify for the expected Tax treatment as set forth in the Ruling, the Tax Opinions, or any Tax Return filed by any member of the IR Group, to the extent related to the Distribution or the Internal Reorganization, as applicable.
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Distribution Tax means (i) any Tax, calculated without regard to any Tax Benefit Attributes of the Remainco Group, required to be paid by or imposed on any Remainco Group member resulting from, or arising in connection with, the failure of any of the Internal Distributions, the New News Corporation
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Related to Distribution Tax

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Distribution Tariff means the Distribution Tariff prepared by the Company and approved by the Commission on an interim or final basis, as the case may be;

  • non-taxable territory means the territory which is outside the taxable territory;

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.