Effective Tax Rate Clause Samples
The Effective Tax Rate clause defines how the applicable tax rate is determined for a particular transaction, agreement, or financial calculation. Typically, it specifies whether the rate is based on statutory rates, actual taxes paid, or an average rate over a period, and may outline adjustments for changes in tax law or jurisdiction. This clause ensures clarity and consistency in calculating tax obligations, reducing the risk of disputes and unexpected liabilities related to tax payments.
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Effective Tax Rate. For any year, the percentage determined by the tax matters partner to be a reasonable estimate of the highest marginal combined Federal, state and local income tax rate (giving effect to the deduction of state and local income taxes, as applicable, for Federal and state income tax purposes) that would be applicable to the Partnership if it were a stand-alone corporation.
Effective Tax Rate. (1.2) ------- $(143.9) ======= 36.7% ======= (17.6) ------ $185.5 ====== 37.3% ====== (8.8) ----- $66.7 ===== 31.9% ===== 41 For U.S. Federal income tax purposes, approximately $346.1 million of net operating loss is available as a carryover at December 31, 2000. Carryovers of the net operating loss expire beginning in 2007. Alternative minimum tax credits and research and development credits of approximately $24 million and $13 million, respectively, are available to offset future U.S. Federal income tax. The alternative minimum tax credits do not expire while carryovers of the research and development credits expire beginning in 2007. At December 31, 2000, the Company's equity in the undistributed earnings of foreign subsidiaries for which income taxes had not been provided approximated $790.2 million. It is not practicable to estimate the U.S. and foreign tax which would be payable should these earnings be distributed.
Effective Tax Rate. For purposes of this Agreement, the Effective Tax Rate equals 35 percent. However, in the event that the maximum corporate federal income tax rate applicable to life insurance companies changes, the Effective Tax Rate will change accordingly.
Effective Tax Rate. 0.2% ---- 41.2% 0.1% ---- 41.5% 0.1% ---- 40.6% 0.1% ---- 40.2% Minority interests in partnerships... Effective tax rate before minority (5.9%) ---- (5.5%) ---- (3.1%) ---- (2.5%) ---- interests........................... 35.3% ==== 36.0% ==== 37.5% ==== 37.7% ====
Effective Tax Rate. The “Effective Tax Rate” is the highest U.S. corporate income tax rate for that year (which is imposed under Code § 11 and which currently is 35%) plus the federal tax-effected state and local income tax rate in effect at the principal office of the Company.
Effective Tax Rate. $ 67,048 ======== 31.5% ======== $48,484 ======= 36.4% ======= $25,572 ======= 30.8% ======= -------
Effective Tax Rate. $286.4 ====== 42.9% ====== $(143.9) ======= 36.7% ======= $185.5 ====== 37.3%====== At December 31, 2001, the Company had unused net operating losses and research tax credits expiring from 2007 to 2021. The Company also has unused alternative minimum tax credits which do not expire and will be available to offset future U.S. Federal income tax. At December 31, 2001, the Company's equity in the undistributed earnings of foreign subsidiaries for which income taxes had not been provided approximated $562.6 million. It is not practicable to estimate the U.S. and foreign tax which would be payable should these earnings be distributed.