Foreign Tax Credits definition

Foreign Tax Credits as defined in Section 2.02(c) hereof.
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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.
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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 .............................................

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

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

  • Foreign Tax Credits ..............................................19 Section 12.

  • Foreign Tax Credits for Canadian Taxes Paid or Withheld A U.S. Holder that pays (whether directly or through withholding) Canadian income tax in connection with the Offer may be entitled to elect to receive either a deduction or a credit for U.S. federal income tax purposes.

  • Year End Reporting to ING Corporate (i.e. Foreign Tax Credits, Dividend Received Deduction, Long Term Capital Gain Designation and Government Income by Type) BOARD REPORTING 1.

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

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

  • Foreign Tax Credits for Canadian Taxes Paid or Withheld A US Shareholder that pays (directly or through withholding) Canadian income taxes in connection with the Offer (or a Compulsory Acquisition) may be entitled to claim a deduction or credit for US federal income tax purposes, subject to a number of complex rules and limitations.

Related to Foreign Tax Credits

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

  • Tax Credits means any and all (a) investment tax credits, (b) production tax credits and (c) similar tax credits or grants under federal, state or local law relating to the construction, ownership or production of energy from the System.

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

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • 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.

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

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • 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.

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

  • 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;

  • 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;