Tax Effect definition

Tax Effect means the quotient of the amount reimbursed divided by 0.54.

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Tax Effect. : means any Tax refund actually received by the Purchaser and any actual Tax reduction of owing by the Purchaser and any Tax liability to be levied or due by the Purchaser;

Tax Effect means the value of an adjustment or amendment to an assessment calculated by applying the taxpayer’s applicable marginal rate (s 13B(2), Taxation Review Authorities Act 1994 (TRAA 1994)). The $30,000 threshold applies to each case not revenue type. Thus, where a dispute concerns three types of taxes for a taxpayer, if the combined value of the tax in dispute exceeds the threshold, even though the disputed tax for each issue may be below the threshold, the dispute cannot be heard in the small claims jurisdiction.

Examples of Tax Effect in a sentence

• To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxable, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to Executive.

• To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.

• The discount rate for computing the final Net Tax Effect calculation will be 6.1%.

• To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income, then the Company shall, on or before April 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.

• Calculation of the actual Net Tax Effect (NTE) shall occur following the end of the final year of tax abatement using actual figures for the formulas above.

• The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Effect Schedule or an amendment thereto within fifteen (15) calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution.

• To the extent that such reimbursement is deemed to be includable in Executive’s gross income, the Company shall pay to the Executive the Tax Effect (as defined herein) of such sum (e.g., if the reimbursement is $1000.00, then the Company would pay to the Executive the sum of $666.67, which is $1000 divided by the Tax Effect (assuming a 40% rate), and subtracting the amount reimbursed).

• To the extent that such reimbursement is deemed to be includable in Executive’s gross income and taxable, the Company shall pay to Executive the Tax Effect (as defined herein) of such sum (e.g., if the reimbursement is $1,000.00, then the Company would pay to Executive the sum of $666.67, which is $1000 divided by the Tax Effect (assuming a 40% rate), and subtracting the amount reimbursed).

• To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxable, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.

• With respect to any Taxable Year, within five (5) calendar days of a Tax Effect Schedule becoming final in accordance with Section 2.4(a), Parent shall pay to the applicable Member, for such Taxable Year, the Tax Benefit Payment determined pursuant to Section 3.1(b).

More Definitions of Tax Effect

Tax Effect means the difference between the tax on the total income assessed and the tax that would have been chargeable had such total income been reduced by the amount of income in respect of the issues against which appeal is intended to be filed (hereinafter referred to as “disputed Issues”). However, the tax will not include any interest thereon, except where chargeability of interest itself is in dispute. In case the chargeability of interest is the issue under dispute, the amount of interest shall be the tax effect. In cases where returned loss is reduced or assessed as income, the tax effect would include notional tax on disputed additions. In case of penalty orders, the tax effect will mean quantum of penalty deleted or reduced in the order to be appealed against.

Tax Effect means (i) a Tax Liability, or (ii) the loss, disallowance, reduction or unavailability of any right to repayment of Tax within paragraph 2.3;

Tax Effect means, as applicable, the present value of (i) any refund, credit or reduction in otherwise required Tax payments including any interest payable thereon or (ii) any required payment of Tax, including any interest payable thereon. For purposes of this Section 7.4(d), present value shall be computed as of the later of the Closing Date or the first date on which the right to the refund, credit or other Tax reduction or the requirement to pay Taxes arises or otherwise becomes available to be utilized (regardless of the time that the Buying Parties or their Affiliates actually utilize the benefit), (i) using the Tax rate applicable with respect to such Tax under applicable Law on such date, and (ii) using the interest rate on such date imposed on corporate deficiencies paid within thirty (30) days of the notice of proposed deficiency under the Code.

Tax Effect means any Tax refund actually received by the Purchaser and any actual Tax reduction of owing by the Purchaser and any Tax liability to be levied or due by the Purchaser;

Tax Effect means the difference between the tax on the total income assessed and the tax that would have been chargeable after reduction of income in respect of disputed issues.