Tax Issue definition

Tax Issue has the meaning ascribed thereto in paragraph 7 of the Tax Deed;
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Tax Issue means all assertions of Tax Liability arising from (a) a Tax Claim asserted by a single Taxing Authority, regardless of the period of time for which such Tax Claim is asserted or (b) Tax Claims asserted by one or more Taxing Authorities arising from substantially the same legal argument or arguments or substantially the same fact pattern or patterns.
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Tax Issue means the Tax consequences relating to or resulting from any improper treatment on any tax return, tax filing, etc. made prior to or on the Completion Date by the Seller or any of the Group Companies of the transactions consisting of (i) the acquisition of the shares in NL Drahtseile GmbH by the Company on 29 December 2009, (ii) the increase of the share capital of NL Drahtseile on 29 December 2009 and the contribution of certain receivables/title to certain inventory to the equity of NL Drahtseile GmbH, and (iii) the acquisition of certain receivables against NL Drahtseile GmbH by the Company under certain agreements dated 28 December 2009, as amended;
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Examples of Tax Issue in a sentence

  • The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue; provided, however, that Halliburton shall have the right (but not the obligation) to defend, handle, settle or contest at KBR’s cost any Disputed Tax Issue related to a Disqualifying Action or Potential Disqualifying Action.

  • The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue.

  • The Tax Reporting Determination Notice shall include the following information: (i) whether the Notes are “traded on an established market” for purposes of Treasury Regulation Section 1.1273-2(f)(9), (ii) the Tax Issue Price, and (iii) the Tax Reporting Rules that the Issuer has determined to apply to the Notes, including, if applicable, the “comparable yield” and “projected payment schedule” or the applicable payment schedule.

  • The W&I Insurance Policy shall apply in respect of the conduct following the discovery of any fact, matter, circumstance or event (a) which has given or might give rise to a claim against any of them and which, in turn, has given or might give rise to a Claim under the Tax Indemnity, or (b) for breach of the Tax Warranties, (in both cases a Tax Issue).

  • Conclusions of Law: Unitary Tax Issue XXXXXXX timely filed its 1993, 1994 and 1995 IL-1120s on combined unitary tax returns.

  • Any member may propose such a special resolution by notifying the Executive Committee in writing.

  • For more information regarding capital gains tax, see the Draft Comprehensive Guide to Capital Gains Tax (Issue 5).

  • For example, Taxable Person Guide for Value Added Tax (Issue 1/March 2018), section 5.3 Deemed Supplies, page 19.Please specify details of any previous Clarifications issued by the FTA relevant to your claimIn cases where any previous Clarifications that the FTA has provided is relevant to your current request, please indicate here the details of the previous Clarification(s).

  • Experts said that by enhancing the reporting, vetting and due diligence, these new conditions would unlock millions of dollars worth of aid for Somalia that previously did not meet OFAC standards (IRIN, 2009).

  • This notice shall set out such information as is available and as is reasonably necessary to enable the other party to assess the merits of the Tax Issue.


More Definitions of Tax Issue

Tax Issue has the meaning given in paragraph 5.1 of Schedule 16; Tax Liability means (a) any liability of any Group Company to make or suffer an actual or increased payment of or with respect to Tax; (b) the use or set-off of any Purchaser Relief or Completion Statement Relief against any Tax or income, profits or gains, where, but for such use or set-off a Group Company would have had an actual liability under (a) hereof (the amount of the Tax Liability for this purpose being deemed to be equal to the amount of Tax Liability under (a) hereof that is saved by the use or set-off of the Purchaser Relief or Completion Statement Relief) and (c) the loss, non-availability or reduction in the amount of any Completion Statement Relief (the amount of the Tax Liability for this purpose shall be the amount with which the Completion Statement Relief is reduced as a result of such loss, non-availability or reduction;
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Tax Issue has the meaning set out in Section 4.15(a);
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Tax Issue has the meaning given to it in Paragraph 5.1 of this Schedule 8; and
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Tax Issue has the meaning given in Clause 7.1 of Schedule 8; Tax Liability a liability of any Group Company for any Tax, including for the avoidance of doubt, non-recoverability of VAT; Tax Refund a right to, or receipt of, a rebate, refund or repayment in respect of Tax from any Tax Authority in respect of any period up to the Effective Date, provided such right or receipt has not been included in the Accounts; Tax or Taxation any and all forms of taxation, social security charges, duties, imposts and other levies of whatever nature, including income tax, corporate income tax, capital tax, wage tax, real property tax, transfer tax, registration tax, value added tax, stamp duty, national social security contributions and employee social security contributions, customs and excise duties, environmental taxes and duties, dividend withholding tax, including any interest, penalties, surcharges, fines or other additions thereto separately or jointly due, payable, levied, imposed upon or claimed to be owned in any relevant jurisdiction, whether directly payable to any relevant Tax Authority or payable pursuant to any relevant tax sharing arrangement or agreement (including tax unity obligations and tax sharing agreements); Transaction has the meaning given in Recital F; Unipart has the meaning given in Clause 6.7; Vendor Due Diligence Report the vendor due diligence report (and addendum thereto) of Deloitte Transaction Services (Financial, Tax and Pension) including the schedules and annexes thereto dated 3 January 2013 and 7 February 2013, respectively; W&I Insurance Company mean Pembroke Syndicate 4000 at Lloyd's;
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Tax Issue has the meaning given in paragraph 8.1 of Schedule 13; Tax Refund means a refund, or rebate in respect of Tax; Tax Return means any return, statement, report, election, claim for refund, or form (including estimated Tax returns and reports, withholding Tax returns and reports, and information returns and reports) required to be filed with respect to Taxes, including any schedule or attachment thereto and any amendment thereof;
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Related to Tax Issue

  • Tax Item means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • 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.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

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

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • 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.

  • Tax roll means a permanent record of the taxes charged on property, as extended

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Tax Authority means, with respect to any Tax, the governmental entity or political subdivision thereof that imposes such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision.

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

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • 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.

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

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

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

  • State premium tax liability means any liability

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

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

  • MUNICIPAL TAXABLE INCOME means the following:

  • Tax Invoice means the document as required by Section 20 of the VAT Act, as may be amended from time to time;

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.