Deduction or Withholding for Tax - ISDA Provision: Difference between revisions

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Deduction or Withholding for Tax - ISDA Provision (view source)

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==== Differences between {{1992ma}} and {{2002 ma}}====
==== Differences between {{1992ma}} and {{2002 ma}}====
There’s no great [https://jollycontrarian.com/index.php?title=User%3AAmwelladmin&type=revision&diff=20900&oldid=20899 difference] between the {{2002ma}} and the {{1992ma}}: [[File:2(d)(i).png|thumb|left|450px|The differences between the {{2002ma}} and the {{1992ma}}]] <br>
There’s no great [https://jollycontrarian.com/index.php?title=User%3AAmwelladmin&type=revision&diff=20900&oldid=20899 difference] between the {{2002ma}} and the {{1992ma}}: [[File:2(d)(i).png|thumb|left|450px|The differences between the {{2002ma}} and the {{1992ma}}]] <br>
Both are excruciating in the conveyance of a fairly simple idea, which, in a {{nutshell}} is this:
Observant scholars will notice that the {{1992ma}} and the {{2002ma}} versions are, [[more or less]], identical. Observant and ''less'' obedient scholars will remark what a pig’s ear the ISDA drafting committee made of a relatively simple concept and, when given a once-in-a-decade opportunity to improve it in 2002, the combined intellectual might of {{tag|ISDA}}, its members, friends, relations and their divers [[mediocre lawyer|counsel]], retinue and entourage, couldn’t.  
 
You can revel in the full heft of these provisions at right.
 
Observant and obedient scholars will notice that the {{1992ma}} and the {{2002ma}} versions are, [[more or less]], identical. Observant and ''less'' obedient scholars will remark what a pig’s ear the ISDA drafting committee made of a relatively simple concept and, when given a once-in-a-decade opportunity to improve it in 2002, the combined intellectual might of {{tag|ISDA}}, its members, friends, relations and their divers [[mediocre lawyer|counsel]], retinue and entourage, couldn’t.  


Or didn’t.
Or didn’t.


This is, therefore, [[Q.E.D.]], the apex of all possible derivatives drafting. Especially the triple negative in {{isdaprov|Indemnifiable Tax}}.  
Both are excruciating in the conveyance of a fairly simple idea, which, in a {{nutshell}} is set out at the top of the panel on the right.  
 
Make you feel great to be alive, doesn’t it. I bet you wish it could be simplified. Here: let [[me]] have a go.
{{nuts|ISDA|Gross-Up}}
{{Withholding under ISDA}}
{{Withholding under ISDA}}
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