Income Taxes definition

Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

Income Taxes means all federal, state, local or foreign Taxes measured by or imposed on net income, or any Taxes imposed in lieu of such Taxes.

Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

Examples of Income Taxes in a sentence

• Income Taxes - The income tax provision for the period is based on the effective tax rate expected to be applicable for the full year.

• Pro Forma Income Taxes Pro forma income taxes have been provided at the assumed rate of 40.0% for Federal and state purposes.

• The Company has no material uncertain tax positions in its prior or current tax filings.Recently Issued Accounting PronouncementsIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.

• Income Taxes Significant judgment is required in determining the provision for income taxes.

• When the rate used by a reporting per- son is other than the United States Federal corporate income tax rate, the rate used and the basis for using such rate shall be disclosed.(3) Paragraphs (h) (1) and (2) of this section shall be applied in the fol- lowing manner to financial statements which reflect the adoption of FASB ASC Topic 740, Income Taxes.

More Definitions of Income Taxes

Income Taxes means any net income, net receipts, net profits, excess net profits or similar Taxes based upon, measured by, or calculated with respect to net income.

Income Taxes means Taxes imposed on or measured with respect to net income.

Income Taxes means any federal, state, county, provincial, local or foreign income, business profits or other similar Tax, any withholding or estimated Tax related thereto, any interest and penalties (civil or criminal) thereon or additions thereto, and any expenses incurred in connection with the determination, settlement or litigation of any Liabilities related to any such Tax.

Income Taxes means any Taxes imposed upon or measured by net income.

Income Taxes means any Taxes based upon net income.

Income Taxes means any federal, state or local Taxes determined by reference to income or imposed in lieu of income Taxes, such as Taxes based on net worth or gross receipts.

Income Taxes shall have the meaning set forth in the Tax Sharing Agreement.