Tax preferences definition

Tax preferences means any law of the United States or of the state of Delaware which exempts, in whole or in part, certain persons, income, goods, services or property from the impact of established taxes, including, but not limited because of a failure of enumeration, to those devices known as tax deductions, tax exclusions, tax credits, tax deferrals, and tax exemptions. Tax preferences shall not include variations in the rate of income tax...standard deductions...or personal exemptions.”2
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Tax preferences means any Tax holiday, concession, exemption, incentive, credit, rebate or agreement (including any agreement for the deferred payment of any Tax liability) with any Governmental Authority.
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Examples of Tax preferences in a sentence

  • Finally, certain organisations are eligible for Value Added Tax preferences.

  • Within that average, there was considerable variation by industry—from a low of a 14 percent average tax rate for utilities to a 31 percent average tax rate for construction.3 Tax preferences also lead to very different effective marginal tax rates across assets.

  • Tax preferences do not necessarily have to be related to company characteristics, they can also be related to specific industries.

  • Tax preferences and their influence on the investment in Ukraine.

  • Tax preferences and burdens may be established only by a law.11 According to Decision No.190/ 08.03.1996 of the Bulgarian Supreme Court, the tax obligation is a specific taxpayers’ public legal obligation to the republican budged and its creation and regulation is forced by a material law.

  • Secrecy, Tax preferences, and the Race to the Bottom The Panama Papers and other information leaks,9 which will no doubt continue, have demonstrated the risks of playing an enabling role in obscuring financial flows.

  • Tax preferences providing support to enterprises within the scope of personal income tax and corporate income tax in Poland in the years 2009-2012 (in PLN million) One-time depreciationSource: Author’s own study based on the reports on tax preferences in Poland in the years 2009-2012.Ministry of Finance, www.finanse.mf.gov.pl/abc-podatkow/preferencje-podatkowe-w-polsce .

  • The department will evaluate each case on its particular facts and circumstances.(2) Tax preferences requiring an annual tax perfor- mance report.

  • Tax preferences under it are quite unlike direct support payments to basic researchers such as those from National Science Foundation and national energy laboratories.

  • The limitation on the amount treated as items of tax preference is computed as follows: Tax preferences $80,000 Net operating loss ..........................................................................................................................................Recomputed income or loss:Gross income $120,000Deductions other than tax preference items 160,000$90,000 (40,000)Disallowance of nonbusiness deductions under sec.

Related to Tax preferences

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Series B Preferred means the Company’s Series B Preferred Stock, par value $0.001 per share.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series Preferred means the Company’s presently authorized Series D Preferred Stock, and any stock into or for which such Series D Preferred Stock may hereafter be converted or exchanged, and after the automatic conversion of the Series D Preferred Stock to Common Stock shall mean the Company’s Common Stock, (b) the term “Date of Grant” shall mean July 31, 2002, and (c) the term “Other Warrants” shall mean any other warrants issued by the Company in connection with the transaction with respect to which this Warrant was issued, and any warrant issued upon transfer or partial exercise of or in lieu of this Warrant. The term “Warrant” as used herein shall be deemed to include Other Warrants unless the context clearly requires otherwise.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series C Preferred means the Company's Series C Preferred Stock, par value $0.01 per share.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.001 per share, of the Company.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).