Base Erosion and Profit Shifting Sample Clauses

Base Erosion and Profit Shifting. 2. As regards to the application of this Agreement at any time by a Competent Authority of a Jurisdiction, any term not otherwise defined in this Agreement will, unless the context otherwise requires or the Competent Authorities agree to a common meaning (as permitted by domestic law), have the meaning that it has at that time under the law of the Jurisdiction applying this Agreement, any meaning under the applicable tax laws of that Jurisdiction prevailing over a meaning given to the term under other laws of that Jurisdiction.

Base Erosion and Profit Shifting. The law and any other rules or customary practice relating to tax, or its interpretation in relation to the Jersey Issuers, its assets and any investment of the Jersey Issuers may change during its life. In particular, both the level and basis of taxation may change. In particular, the OECD's on- going global Base Erosion and Profit Shifting project which intends to achieve a multinational framework on corporate taxation could substantially affect the tax treatment of the Jersey Issuers. Additionally, the interpretation and application of tax rules and customary practice to the Jersey Issuers, its assets and investors by any taxation authority or court may differ from that anticipated by the Jersey Issuers. Both could significantly affect returns to investors. Considerations regarding increased regulation The financial markets are encountering the increased involvement of governmental and regulatory authorities in the financial sector and in the operation of financial institutions and products offered and/or arranged by them. In particular, governmental and regulatory authorities in a number of jurisdictions have imposed stricter regulatory controls around certain financial activities and/or have indicated that they intend to impose such controls in the future. The United States of America, the European Union and other jurisdictions are actively considering or are in the process of implementing various reform measures covering, among other things, derivative transactions and the offering of structured products and other financial investments and instruments. Such regulatory changes and the method of their implementation may have a significant impact on the operation of the financial markets and may also effect the value, characterisation and/or treatment of Securities issued by the Issuer and/or the characterisation and/or treatment of any of the transactions or agreements relating thereto. Certain of the regulatory developments may also impose obligations on the Issuer, the Swap Counterparty, the Agents and/or other applicable parties including, without limitation and among other things, in respect of derivative transactions (such as the reporting of transactional and other information relating to derivative transactions to trade repositories in various jurisdictions, the provision of collateral in certain circumstances mandated by such regulations and, potentially, the mandated clearing of certain derivative transactions). The ability of the Issuer, the ...

Base Erosion and Profit Shifting. (BEPS) related issue will be address each year at a workshop. The BEPS package includes 15 action points that address various forms of tax avoidance, including transfer pricing, and has been endorsed by over 135 countries and jurisdictions worldwide. Policymakers from SEE will gain a comprehensive understanding, with a particular focus on transfer pricing standards. The workshop will be designed in partnership with the OECD.

Base Erosion and Profit Shifting. The law and any other rules or customary practice relating to tax, or its interpretation in relation to the Issuers, their assets and any investment of the Issuers may change during their life. In particular, both the level and basis of taxation may change. In particular, the OECD's on-going global Base Erosion and Profit Shifting project which intends to achieve a multinational framework on corporate taxation could substantially affect the tax treatment of any of the Issuers. Additionally, the interpretation and application of tax rules and customary practice to all of the Issuers, their assets and investors by any taxation authority or court may differ from that anticipated by the Issuers. Both could significantly affect returns to investors.