Section 482 Sample Clauses
Section 482 refers to a provision in the U.S. Internal Revenue Code that grants the IRS authority to adjust income, deductions, credits, or allowances between related business entities to prevent tax evasion and ensure that transactions reflect an arm’s length standard. In practice, this clause applies to multinational corporations or related companies that might shift profits or expenses across borders to minimize tax liabilities. By allowing the IRS to reallocate income and expenses, Section 482 ensures that each entity reports taxable income as if they were dealing with unrelated parties, thereby preventing manipulation of transfer prices and protecting the integrity of the tax system.
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Section 482. 39 The School Board and/or District administrative staff shall not assume responsibility or liability for 40 any notices posted by the Association or its members. 41
Section 482. Any and all transactions and dealings between any Novoste Group Member and any person under common control with such Novoste Group Member (including, without limitation, any other Novoste Group Member) for purposes of Section 482 of the Code (or any comparable provision of foreign, state or local law) have at all times occurred on arm’s-length terms, as if between unrelated parties. Each Novoste Group Member has at all times fully complied with any and all tax-related requirements that the arm’s-length nature of the terms of such transactions and dealings be documented.
Section 482. All transactions between an Acquired Company and any other person that is owned or controlled by the same interests (within the meaning of Code Section 482 and the regulations thereunder) have been at arm’s length (within the meaning of such provisions).
Section 482. Neither the Company nor any of its Subsidiaries is party to any cost-sharing agreement or similar arrangement that is not in compliance with Treasury Regulation Section 1.482-7T (or any applicable prior Treasury Regulations) and any comparable provision of any federal, state, local, domestic or foreign Tax Law
Section 482. Any and all transactions and dealings between any ONI Group Member and any person under common control with such ONI Group Member (including, without limitation, any other ONI Group Member) for purposes of Section 482 of the Code (or any comparable provision of foreign, state or local law) have at all times occurred on arm’s-length terms, as if between unrelated parties. Each ONI Group Member has at all times fully complied with any and all tax-related requirements that the arm’s-length nature of the terms of such transactions and dealings be documented.
Section 482. 36 If meetings are scheduled during employees' working hours, employees will be compensated at 37 regular hourly rate. If mandatory meetings are scheduled by the district outside the employee’s 38 workday, the employee will be paid for such time. 39 40 41 A R T I C L E V 42 43 APPROPRIATE MATTERS FOR CONSULTATION AND NEGOTIATION 44
Section 482. All transactions among the Company and each of its Subsidiaries have complied with Section 482 of the Code and similar provisions of state, local, and foreign law.