Tax preferences definition
Tax preferences means any law of the United States or of the state of Delaware which exempts, in whole or in part, certain persons, income, goods, services or property from the impact of established taxes, including, but not limited because of a failure of enumeration, to those devices known as tax deductions, tax exclusions, tax credits, tax deferrals, and tax exemptions. Tax preferences shall not include variations in the rate of income tax...standard deductions...or personal exemptions.”2
Tax preferences means any Tax holiday, concession, exemption, incentive, credit, rebate or agreement (including any agreement for the deferred payment of any Tax liability) with any Governmental Authority.
Examples of Tax preferences in a sentence
Tax preferences might apply, and withholding taxes might have to be reduced under double taxation treaties between China and the country where the transferor is tax resident.