Foreign Tax Credits definition

Foreign Tax Credits as defined in Section 2.02(c) hereof.
Foreign Tax Credits means creditable non-U.S. taxes, including tax credits governed by Section 901 of the Code.
Foreign Tax Credits means (A) the amount of any United States federal income tax credit arising under Section 901, Section 902 or Section 960 of the Code for the short taxable year of the Company ending on the Closing Date without regard to any carrybacks to years prior to such short taxable year from other periods, reduced by (B) the amount of the Carried Back FTC. In no event shall any carryback of foreign tax credit arising during tax periods after the Closing Date give rise to any increase in the Foreign Tax Credits.

Examples of Foreign Tax Credits in a sentence

  • The TaxPayer Relief Act of 1997 has modified the flow-through status of Foreign Tax Credits ("FTCs").

  • Foreign Tax Credits .............................................

  • This reduction in worldwide E.R.T. is important for financial reporting purposes.An inclusion of Subpart F income may increase the financial income tax expense of U.S.P., resulting in higher E.R.T. However, Foreign Tax Credits (“F.T.C.’s”) may off- set the increase in E.R.T. if the F.T.C.’s are unrecognized deferred tax assets (e.g., a valuation allowance prevents excess F.T.C. carryovers from being recognized in financial statements as a deferred tax asset).

  • Foreign Tax Credits......................................................

  • Foreign Tax Credits ..............................................18 Section 12.

  • The Service May Be Able to Apply Section 269 to Disallow Sub3 and the Parent Group or Holding the Benefits of Certain Foreign Tax Credits or Deductions if the Principal Purpose of the Year X Reorganization Were to Secure Tax Benefits 1.

  • The NPV of the Foreign Tax Credits (“FTC”) was projected to be $48.50 million.

  • Daniel Shaviro, Foreign Tax Credits to the Rescue?, START MAKING SENSE (Dec.

  • For further details on Foreign Tax Credits, please refer to Article 47.

  • Tax Treaties and Indirect Foreign Tax Credits (October 10, 2022), Tax Notes Today - Federal, by Ege Berber, Wade Sutton, Aaron Junge, and Kellen Yent.

Related to Foreign Tax Credits

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Input Tax Credit means the credit of input tax;

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • 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.

  • 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.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

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

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • 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.

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

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

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Foreign Investment means any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of an LLP;

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

  • Tax Attributes means net operating losses, capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period.

  • Canadian Taxes has the meaning specified in Section 11.05.