Foreign Tax Credits definition

Foreign Tax Credits as defined in Section 2.02(c) hereof.
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Foreign Tax Credits means creditable non-U.S. taxes, including tax credits governed by Section 901 of the Code.
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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.

  • The balance of such account payable, if any, shall be paid from time to time on the date that is thirty (30) days following the expiration of the statute of limitations on assessment of tax for the last year to which such Excess Foreign Tax Credits or item thereof may be carried forward.

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

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

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

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

  • If any Lender claims a reduction in Tax or tax refund for any Foreign Tax Credits with respect to Taxes that are paid or indemnified pursuant to subsection (a), (b), or (c) of this Section 2.19, such Lender shall remit to the Loan Parties, as applicable, the actual tax savings attributable to such Foreign Tax Credits.

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.

  • 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.