Tax Issue definition

Tax Issue has the meaning ascribed thereto in paragraph 7 of the Tax Deed;
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Tax Issue means the Tax consequences relating to or resulting from any improper treatment on any tax return, tax filing, etc. made prior to or on the Completion Date by the Seller or any of the Group Companies of the transactions consisting of (i) the acquisition of the shares in NL Drahtseile GmbH by the Company on 29 December 2009, (ii) the increase of the share capital of NL Drahtseile on 29 December 2009 and the contribution of certain receivables/title to certain inventory to the equity of NL Drahtseile GmbH, and (iii) the acquisition of certain receivables against NL Drahtseile GmbH by the Company under certain agreements dated 28 December 2009, as amended; “Third Installment” has the meaning ascribed to it in Clause 7.2.3;
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Tax Issue means all assertions of Tax Liability arising from (a) a Tax Claim asserted by a single Taxing Authority, regardless of the period of time for which such Tax Claim is asserted or (b) Tax Claims asserted by one or more Taxing Authorities arising from substantially the same legal argument or arguments or substantially the same fact pattern or patterns.
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Examples of Tax Issue in a sentence

  • Stamp Duty and Stamp Duty Reserve Tax Issue and Transfer of Ordinary Shares No U.K. stamp duty is payable on the issue of the ordinary shares.

  • The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue; provided, however, that Halliburton shall have the right (but not the obligation) to defend, handle, settle or contest at KBR’s cost any Disputed Tax Issue related to a Disqualifying Action or Potential Disqualifying Action.

  • The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue.


More Definitions of Tax Issue

Tax Issue has the meaning given in Clause 7.1 of Schedule 8; Tax Liability a liability of any Group Company for any Tax, including for the avoidance of doubt, non-recoverability of VAT; Tax Refund a right to, or receipt of, a rebate, refund or repayment in respect of Tax from any Tax Authority in respect of any period up to the Effective Date, provided such right or receipt has not been included in the Accounts; Tax or Taxation any and all forms of taxation, social security charges, duties, imposts and other levies of whatever nature, including income tax, corporate income tax, capital tax, wage tax, real property tax, transfer tax, registration tax, value added tax, stamp duty, national social security contributions and employee social security contributions, customs and excise duties, environmental taxes and duties, dividend withholding tax, including any interest, penalties, surcharges, fines or other additions thereto separately or jointly due, payable, levied, imposed upon or claimed to be owned in any relevant jurisdiction, whether directly payable to any relevant Tax Authority or payable pursuant to any relevant tax sharing arrangement or agreement (including tax unity obligations and tax sharing agreements); Transaction has the meaning given in Recital F; Unipart has the meaning given in Clause 6.7; Vendor Due Diligence Report the vendor due diligence report (and addendum thereto) of Deloitte Transaction Services (Financial, Tax and Pension) including the schedules and annexes thereto dated 3 January 2013 and 7 February 2013, respectively; W&I Insurance Company mean Pembroke Syndicate 4000 at Lloyd's;
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Tax Issue has the meaning given in paragraph 8.1 of Schedule 13; Tax Refund means a refund, or rebate in respect of Tax; Tax Return means any return, statement, report, election, claim for refund, or form (including estimated Tax returns and reports, withholding Tax returns and reports, and information returns and reports) required to be filed with respect to Taxes, including any schedule or attachment thereto and any amendment thereof;
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Tax Issue has the meaning given in paragraph 5.1 of Schedule 16; Tax Liability means (a) any liability of any Group Company to make or suffer an actual or increased payment of or with respect to Tax; (b) the use or set-off of any Purchaser Relief or Completion Statement Relief against any Tax or income, profits or gains, where, but for such use or set-off a Group Company would have had an actual liability under (a) hereof (the amount of the Tax Liability for this purpose being deemed to be equal to the amount of Tax Liability under (a) hereof that is saved by the use or set-off of the Purchaser Relief or Completion Statement Relief) and (c) the loss, non-availability or reduction in the amount of any Completion Statement Relief (the amount of the Tax Liability for this purpose shall be the amount with which the Completion Statement Relief is reduced as a result of such loss, non-availability or reduction;
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Tax Issue has the meaning given to it in Paragraph 5.1 of this Schedule 8; and
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Tax Issue has the meaning set out in Section 4.15(a);
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Related to Tax Issue

  • Tax Item means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.

  • Tax or “Taxes” means any federal, state, local or foreign income, gross receipts, property, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add on minimum, ad valorem, transfer or excise tax, or any other tax, custom, duty, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest or penalty, imposed by any Governmental Entity.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the liability for Taxes of the Corporation (or the Partnerships, but only with respect to Taxes imposed on the Partnerships and allocable to the Corporation) using the same methods, elections, conventions and similar practices used on the relevant Corporation Return but using the Non-Stepped Up Tax Basis instead of the tax basis reflecting the Basis Adjustments of the Adjusted Assets and excluding any deduction attributable to Imputed Interest.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Tax roll means a permanent record of the taxes charged on property, as extended

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Tax Authority means, with respect to any Tax, the governmental entity or political subdivision, agency, commission or authority thereof that imposes such Tax, and the agency, commission or authority (if any) charged with the assessment, determination or collection of such Tax for such entity or subdivision.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Straddle Tax Period means any taxable period beginning on or before and ending after the Closing Date.

  • State premium tax liability means any liability

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Tax Invoice means the document as required by Section 20 of the VAT Act, as may be amended from time to time;

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.