Taxes on Capital definition

Taxes on Capital means the portions imputed by Landlord to the Building and Land of all taxes and excises wholly or partly based upon or computed as a function of the capital employed in respect of the Building and Land (as such capital is determined for each such tax or excise under the relevant statute) levied or imposed from time to time upon whomsoever, calculated as if the party or parties employing the capital resulting in the levying or imposition thereof had no other property than the Building and Land, whether characterized as a tax on capital, an income tax or otherwise. 1
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Taxes on Capital means an amount of the tax imposed by the federal and provincial tax authorities upon Landlord, or the owner(s) of the Building, (and if the owner or one of the owners is a partnership, upon the partners of such partnership), which is measured by or based in whole or in part upon the capital, surplus, reserves or indebtedness of such Landlord, owner(s) or partner(s), and including without limitation any taxes on large corporations.
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Taxes on Capital means an amount imputed by the Landlord acting reasonably to the Property in respect of taxes, rates, duties and assessments presently or hereafter levied, rated, charged or assessed from time to time upon the Landlord and payable by the Landlord to the Government of Canada and to the Province of Quebec on account of its capital. Capital Taxes shall be imputed on the basis of the Landlord's determination of the amount of capital attributable to the Property, which shall be based on the original capital cost of the Building together with the cost of any improvements made to it paid by the Landlord together with the book value of the Land at the moment of the determination by the Landlord of the amount of capital attributable to the Property. Capital Taxes also means the amount of any capital or place of business tax levied by any government or other applicable taxing authority against the Landlord with respect to the Property whether known as Capital Taxes or by any other name.
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Examples of Taxes on Capital in a sentence

  • Gardner, Taxes on Capital Income: A Survey, in George Kopits, ed., Tax Harmonization in the European Communities: Policy Issues and Analysis, IMF Occasional Paper No. 94 (Washington, D.C. 1992), p.

  • Discussed “Investment Effects of Taxes on Capital under Uncertainty and Irreversibility” at the 2015 Berlin-Vallendar Conference on Tax Research.

  • Attention Wall Street: Democrats are Seeking Higher Taxes on Capital Gains, CNBC, Mar.

  • Combining Taxes on Labour and Taxes on Capital Because of the expanding contribution of human capital to economic growth and the increasing mobility of capital and skilled labour, some international tax comparisons have focused particularly on the taxation of these two factors.

  • Exemptions from Taxes on Capital Registration and Dividend Payments to Albufin (an ALZ Subsidiary) 6.

  • For recent capital gains as a share of adjusted gross income, see Elizabeth McNichol, “State Taxes on Capital Gains,” Center on Budget and Policy Priorities, June 15, 2021, https://www.cbpp.org/research/state-budget-and- tax/state-taxes-on-capital-gains.

  • Gardner, Taxes on Capital Income: A Survey, in George Kopits, ed., Tax Harmonization in the European Community: Policy Issues and Analysis, IMF Occasional Paper No. 94 (Washington, D.C. 1992), page 52.3 Id.; see also EC Second Written Submission to the FSC Panel, Annex EC-2 (hereinafter “Annex EC-2"), para.

  • Musgrave, Peggy B., "Interjurisdictional Coordination of Taxes on Capital Income", in Cnossen, Sijbren (ed.), Tax Coordination in the European Community (1987), at 198; Musgrave, Peggy B., "Principles for Dividing the State Corporate Tax Base", in McLure, Jr., Charles E.

  • Crude oil, textiles and apparel, organic chemicals, aluminum and miscellaneous manufactures account for the majority of U.S. imports from the UAE.

  • Gardner, Taxes on Capital Income: A Survey, in George Kopits, ed., Tax Harmoni- zation in the European Communities: Policy Issues and Analysis, IMF Occasional Paper No. 94 (Washington, D.C. 1992), p.


More Definitions of Taxes on Capital

Taxes on Capital means the portion (as hereafter defined) of the capital and large corporation tax imposed against Landlord for each of Landlord's fiscal years during the Term, which taxes are wholly or partly computed as a function of the capital employed in respect of the Building and Land as determined for the purposes of such tax or taxes, but excluding all taxes on income and profits. For purposes of this paragraph, the "portion" of such tax or taxes means the amount of tax that would be payable if Landlord had no other property than the Building and Land.
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Related to Taxes on Capital

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Gains means, with respect to any Party, an amount equal to the present value of the economic benefit to it, if any (exclusive of Costs), resulting from the termination of a Terminated Transaction, determined by it in a commercially reasonable manner.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Capital means the share capital from time to time of the Company;

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Allocable Overhead means costs incurred by a Party or for its account that are attributable to a Party's facilities and occupancy costs, corporate bonus (to the extent not charged directly to a department), and its supervisory, payroll, information systems, human relations and purchasing functions and that are allocated to company departments based on space occupied or headcount or other activity-based method. Allocable Overhead shall not include any costs attributable to general corporate activities, including, by way of example, executive management, investor relations, business development, legal affairs and finance.

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • Extraordinary Losses Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event.

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Overhead means those amounts which are intended to recover a proportion of the Supplier’s or the Key Sub-Contractor’s (as the context requires) indirect corporate costs (including financing, marketing, advertising, research and development and insurance costs and any fines or penalties) but excluding allowable indirect costs apportioned to facilities and administration in the provision of Supplier Personnel and accordingly included within limb (a) of the definition of “Costs”;

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Depreciation means, for each fiscal year, an amount equal to the federal income tax depreciation, amortization, or other cost recovery deduction allowable with respect to an asset for such year, except that if the Carrying Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Carrying Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such year bears to such beginning adjusted tax basis; provided, however, that if the federal income tax depreciation, amortization, or other cost recovery deduction for such year is zero, Depreciation shall be determined with reference to such beginning Carrying Value using any reasonable method selected by the General Partner.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Target Net Working Capital means $0.

  • Net Income means, with respect to any specified Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends, excluding, however:

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • 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.

  • Return on Assets means the percentage equal to the Company’s or a business unit’s Operating Income before incentive compensation, divided by average net Company or business unit, as applicable, assets, determined in accordance with generally accepted accounting principles.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Book Net Worth means the aggregate of the common and preferred stockholders' equity in the Borrower, determined in accordance with GAAP.