Common use of Tax avoidance Clause in Contracts

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.