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| {{isdasnap|Tax}} | | {{isdamanual|Tax}} |
| ====Commentary====
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| If you compare this definition with the equivalent definition of {{gmslaprov|Tax}} in the {{gmsla}} you might find yourself idly wondering about this strange little exception, missing from the GMSLA, for {{isdaprov|Stamp Tax}}. I know I did. Interestingly (or not, depending on your perspective) the drafters of the {{2002ma}} neglected to make use of the opportunity to use the definition of "{{isdaprov|Stamp Tax}}" in place of the less elegant "''stamp, registration, documentation or similar tax''". But this might be the reason for the carve-out: Stamp Tax has its own little representation in Section {{isdaprov|4(e)}}.
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| "Tax" features in the ISDA as follows:
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| *Section {{isdaprov|4(a)}}: To furnish specified information, including as regards (at 4(a)(iii)) any forms required to pay Tax without withholding, leading on to...
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| *Section {{isdaprov|4(d)}}: All payments are made without withholding or deduction unless required by law, and (where withholding IS required by law and the {{isdaprov|Tax}} is an {{isdaprov|Indemnifiable Tax}}) a {{tag|gross up}} is required.
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| *Section {{isdaprov|4(e)}} - each part pays is own Stamp Tax levied on execution of the Agreement (and indemnifies the other party if its taxing jurisdiction imposes about a stampable amount on the other party)
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| ====See Also====
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| {{isdaanatomy}}
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