83,567
edits
Template:Withholding under ISDA: Difference between revisions
Jump to navigation
Jump to search
→Withholding under the ISDA
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
| Line 1: | Line 1: | ||
===Withholding under the ISDA=== | ===Withholding under the ISDA=== | ||
'''TL;DR''': The basic rationale is | '''TL;DR''': The basic rationale is this: | ||
*if the {{tag|tax}} arises as a result of the underlying instrument, there's no gross up. | |||
*if it is a function of the {{isdaprov|Payer}}’s status, then it is grossed up ''unless the {{isdaprov|Payee}} should have provided information to avoid it''. | |||
The combination of the {{isdaprov|Payer Tax Representations}} and the {{isdaprov|Gross-Up}} clause of the {{isdama}} has the following effect: | The combination of the {{isdaprov|Payer Tax Representations}} and the {{isdaprov|Gross-Up}} clause of the {{isdama}} has the following effect: | ||