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| {{isdaanat|Indemnifiable Tax}}
| | #redirect[[Tax Event - ISDA Provision]] |
| {{fullanat2|isda|Indemnifiable Tax|1992|Indemnifiable Tax|2002}}
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| ====Commentary====
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| Without wishing to be overly negative, this one truly comes from the "wow" file in indefensible drafting:
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| :... ''other than'' a tax which would ''not'' be imposed ''but for''...
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| Not only a triple negative, but since ISDAs definition of {{isdaprov|Tax}} already contains a negative (being any tax that isn’t a {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is [[not]] an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than'' a tax which is not an {{isdaprov|Indemnifiable Tax}}”) in the body of the {{isdama}}. That makes it a '''''sextuple negative'''''. Quite a literary feat.
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| ====In a {{nutshell}}====
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| A need to know version is this:
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| :{{Nutshell ISDA Indemnifiable Tax}}
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| {{Withholding under ISDA}}
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| ====See Also====
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| See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
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| {{ref}}
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Latest revision as of 13:43, 15 August 2024