Tax environment definition
Tax environment means a set of legal regulations for determining the types, percentage and amounts of taxes specified in the applicable laws and their imposition and payment;
Examples of Tax environment in a sentence
Not more than ten percent (10%) of NGL’s gross income for the taxable year of NGL during which the closing of the transactions contemplated by the Purchase Agreement occurs, and the following taxable year of NGL, shall fail to constitute “qualifying income” within the meaning of Code Section 7704(d), except in the case of a merger or acquisition of NGL or a material change in the regulatory or Tax environment.