Tax indemnity: Difference between revisions

Tax indemnity (view source)

272 bytes added , 12 January 2022

no edit summary

82,891

edits

@@ Line 1: / Line 1: @@
-{{a|negotiation|}}The best kind of [[indemnity]]. One of the few occasions where {{tag|contract}}ual indemnity is generally justified and reasonable — if an unexpected tax is imposed on one party in respect of its activity in providing a service (holding its assets in custody for example) for the other. It ticks all the boxes of a good indemnity: It is precise, specific and easy to articulate; it is hard to predict or cost into one’s service, it is deterministic in amount, and doesn’t open up the indemnifying person to indeterminate liability.
+{{a|spb|}}The best kind of [[indemnity]]. One of the few occasions where {{tag|contract}}ual [[indemnity]] is generally justified and reasonable — if an unexpected tax is imposed on one party in respect of its activity in providing a service (holding assets in [[custody]] for example) for the other. It ticks all the boxes of a good indemnity: It relates to liabilities one party incurs carrying out activity for which the other party (exclusively) benefits; it is precise, specific and easy to articulate; it is a genuine [[contingent liability|contingency]] in that it is hard to anticipate and therefore cost into one’s service; if it does come about, a tax amount is deterministic in amount, and doesn’t open up the [[Indemnifying party|indemnifying person]] to [[indeterminate liability]].
 {{sa}}
 *[[Indemnity]]
+*[[Contingent liability]]