Template:M summ EFET Allowance Annex 14.5: Difference between revisions
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[[Withholding Tax - EFET Allowance Provision|It]] is a regrettable fact that EFET’s [[Carbon Squad]] chose for its WHT clause the exact label that the other emissions master documents use for the Transaction parties themselves: “{{efetaprov|Receiving Party}” | [[Withholding Tax - EFET Allowance Provision|It]] is a regrettable fact that EFET’s [[Carbon Squad]] chose for its WHT clause the exact label that the other emissions master documents use for the Transaction parties themselves: “{{efetaprov|Receiving Party}}” in the {{efeta}} — the person who receives a ''payment'' over which there is some tax consequence — is ''not'' the same as {{euaprov|Receiving Party}} in the {{emissionsannex}} or {{ietaprov|Receiving Party}} in the {{ietama}} — the person who is delivered Allowances. That person, in the {{efeta}}, is the {{efetaprov|Buyer}}. | ||
Latest revision as of 13:33, 13 September 2023
It is a regrettable fact that EFET’s Carbon Squad chose for its WHT clause the exact label that the other emissions master documents use for the Transaction parties themselves: “Receiving Party” in the EFET Allowances Appendix — the person who receives a payment over which there is some tax consequence — is not the same as Receiving Party in the ISDA EU Emissions Annex or Receiving Party in the IETA Master Agreement — the person who is delivered Allowances. That person, in the EFET Allowances Appendix, is the Buyer.