Taxable Period definition
Examples of Taxable Period in a sentence
Each member of the SBE Group hereby appoints SoftBank for any Taxable Period as its agent for the purpose of filing any Super Unitary Combined Return for which a member of the SoftBank Group is the primary filing entity, for the purpose of representing such member in the course of any Tax Controversy with respect to any Super Unitary Combined Return, and for making any election or application or taking any action in connection with any of the foregoing on behalf of any member of the SBE Group.
For each Taxable Period beginning on or after January 1, 2022, at least thirty (30) days before the original due date (ignoring extensions) of each Super Unitary Combined Return for such Taxable Period, SBE shall prepare and deliver to SoftBank a proposed schedule (with supporting documentation and workpapers) showing in reasonable detail SBE’s calculation of Separate Income Tax Liability.
Nonrecourse Deductions for any Taxable Period shall be specially allocated among the Members in accordance with a Member’s share of Company profits under Regulations Section 1.752-3(a)(3).
SoftBank or SBE, in consultation with one another, shall prepare and file, or cause to be prepared and filed, all Super Unitary Combined Returns with respect to which any member of the SBE Group joins any member of the SoftBank Group in filing on a consolidated, combined or unitary basis, for any Taxable Period beginning on or after January 1, 2022.
Any Member Nonrecourse Deductions for any Taxable Period shall be specially allocated to the Member that bears the economic risk of loss with respect to the Member Nonrecourse Debt to which such Member Nonrecourse Deductions are attributable in accordance with Regulations Section 1.704-2(i)(1).