Tax avoidance Sample Clauses
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Tax avoidance. (a) No member of the Group has entered into or been engaged in or been a party to any transaction which is artificial or fictitious or any transaction or series of transactions or scheme or arrangement of which the main or dominant purpose (or one of the main or dominant purposes) was the avoidance or deferral of or reduction in a liability for Tax.
(b) No member of the Group has been involved in any transaction, or series of transactions, or part of transactions that may for any Tax purposes be disregarded, recharacterised or reconstructed by reason of any motive to avoid, reduce or delay a possible liability to Tax.
(c) All agreements and arrangements entered into by the Issuer and/or between members of the Group in relation to the Business have been entered into and effected on an arm’s length basis and in accordance with the transfer pricing principles, laws and documentation requirements applied by Tax Authorities in all relevant jurisdictions.
Tax avoidance. (i) In general. If, as of the agreement date, a significant difference between the marginal tax rates of the lessor and lessee can rea- sonably be expected at some time dur- ing the lease term, the agreement will be closely scrutinized and clear and convincing evidence will be required to establish that tax avoidance is not a principal purpose for providing increas- ing or decreasing rent. The term ‘‘marginal tax rate’’ means the per- centage determined by dividing one dollar into the amount of the increase or decrease in the Federal income tax liability of the taxpayer that would re- ▇▇▇▇ from an additional dollar of rental income or deduction.
Tax avoidance. The Company has not been a party to or otherwise involved in any transaction, scheme or arrangement, the sole or main purpose of which, or one of the main purposes of which, was to avoid or defer a liability to Taxation or to obtain a Tax advantage or which had an unallowable purpose (as defined in Paragraph 13(5) Schedule 9 to the Finance Act 1996).
Tax avoidance. No Company Group Member has been a party to, or has participated in transactions or arrangements that could give rise to the exercise by the relevant authority of its powers under the Tax Law in relation to losses and outgoings incurred under tax avoidance schemes or in relation to international agreements or schemes to reduce income tax, or any other discretionary powers of the relevant Revenue Authority under the Tax Law by virtue of which transactions or arrangements entered into by any entity with the Company Group may be reopened, revised or given an interpretation different from that adopted by the relevant entity with the Company Group.
Tax avoidance. No Group Company has been a party to, or been involved in, any transaction, scheme or arrangement of which the main purpose (or one of the main purposes) or effect is the avoidance of a liability to Taxation or which could be re-characterised or treated as unenforceable for Taxation purposes.
Tax avoidance. 9.1 No Group Company has been a party to nor otherwise involved in any transaction, scheme or arrangement the main purpose or object or one of the main purposes or objects of which was to avoid, reduce or defer a liability to Tax.
9.2 No Group Company has been involved in any transaction or series of transactions which, or any part of which, may for any Tax purpose need to be specifically disclosed to a Tax Authority other than as part of routine periodic compliance or which is at risk of being disregarded, recharacterised or reconstructed by reason of any motive to avoid, reduce or delay a possible liability to Tax.
9.3 So far as the Seller is aware, no Group Company has participated in any "reportable transaction" within the meaning of Sections 6011, 6662A and 6707A of the Code.
Tax avoidance. So far as the Seller is aware, no Group Company has been a party to any transaction, scheme or arrangement with the main purpose of avoiding or evading Tax.
Tax avoidance. Neither the Company nor its Subsidiaries have entered into, or been a party to or otherwise involved in any transactions or dealings which contravenes, or may contravene, any anti-avoidance provisions of any Tax law including, but not limited to Part IVA of the 1936 Act. Without limiting the preceding paragraph, neither the Company or its Subsidiaries have been involved in any transaction or series of transactions which, or any part of which, may for any Tax purposes be disregarded or reconstructed by reason of any motive to avoid, reduce or delay a possible liability to Tax.
Tax avoidance. The Company has not entered into or been a party to any scheme, arrangement or transaction designed wholly or mainly or containing steps or stages having no commercial purpose and designed wholly or mainly for the purpose of avoiding or deferring Taxation or reducing a liability to Taxation or amounts to be accounted for under the PAYE system.
Tax avoidance. 15.1. No Group Company has entered into or been party to any scheme or arrangement designed with a sole or main purpose of avoiding tax.
15.2. No Group Company has in the last four years entered into any notifiable arrangements, contribution arrangements or schemes for the purposes of Part 7 Finance ▇▇▇ ▇▇▇▇, the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2007 or Schedule 11A VATA.