Tax Policy. The Company shall make any and all tax accounting and reporting elections and adopt such procedures as shall be approved by Member Consent. A Member shall be deemed to have consented to any tax elections made by the Tax Matters Partner if such Member shall not have objected in writing to such election as reflected in the initial tax return reflecting such election within fifteen (15) days after such return is received by such Member, indicating in reasonable detail the objection of such Member and the basis for such objection. Any disputes over tax elections shall be resolved by Member Consent.
Tax Policy. The Company shall make any and all tax accounting and reporting elections and adopt such procedures as both Members, in their reasonable judgment, may determine.
Tax Policy. The General Partner shall make any and all tax accounting and reporting elections and adopt such procedures as are necessary relating to income, gain, expense, loss, deduction and credit in order to minimize taxable income and gain and maximize taxable loss, deductions and credits allocable to the Partners. For all property with respect to which deductions for depreciation may be claimed, the Partnership shall, except as otherwise decided upon by the Partners, utilize the depreciation or amortization method that will provide the depreciation to the Partnership at the earliest possible time.
Tax Policy. The Partnership shall make any and all tax accounting and reporting elections and adopt such procedures as Prudential may determine.
Tax Policy. 5. The Parties agree that a Tax Policy Review Committee, consisting of representatives from Canada and each participating province, will review issues related to the legislation governing the harmonized sales taxes, including the common tax base, tax rates and common tax structure, and will provide timely advice, as appropriate, to the relevant federal and provincial Ministers of Finance.
Tax Policy. In the face of the quickly developing Coronavirus situation, the Authorities were unable to finalise the on-going nationwide property tax valuation exercise (a mid-2020 specific commitment) in time for the current year’s tax assessment cycle. The original commitment had been to revalue property tax values in line with market prices and broaden the base of the property tax by end-March 2020. Unfortunately it was impossible to finalise the revaluation exercise in the face of the social distancing measures introduced against the Coronavirus. This will postpone the implementation of the wider property tax reform to 2021 and have a small approximately €150 million fiscal effect on 2020 revenues. The authorities have committed to reschedule the exercise to autumn with the objective of aligning the property tax values to market prices by January 2021.
Tax Policy. You will be under the Teva tax equalization policy during your assignment. The intent of this policy is that your ultimate tax liability will be similar to that which you have paid in the Home Country on your regular compensation had you not received assignment-related compensation or special tax considerations. Under this policy: • you will be responsible for a hypothetical tax liability on both income and social taxes, which will be calculated and deducted from each paycheck, • Teva will be responsible for an excess tax liability in the host country, and • it is your responsibility to pay income taxes in the home country (although covered by Teva) The extent of this tax coverage by Teva is limited to your Teva compensation including salary, bonus, benefits and earnings related to equity that is vested while you are on assignment, but does not include earnings that you receive outside of your employment with Teva. The intent of the policy is that your ultimate tax liability will be similar to the amount you would have paid in the home country on your regular compensation had you not received assignment-related compensation or special tax considerations. Each year, a final tax equalization calculation will be prepared to settle your assignment tax obligations.
Tax Policy. The Tax Policy shall be in full force and effect in accordance with its terms.
Tax Policy. Payments will be made to Employee to assure that he will not pay more as a foreign company employee in income taxes than he would have paid as a U.S. employee.
Tax Policy. (a) Subject to clause 16.2(b), the Trustee must administer the Trust in accordance with the Tax Policy and in doing so must act reasonably.
