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Tax Sharing Arrangement means any written or unwritten agreement or arrangement for the allocation or payment of Tax liabilities or payment for Tax benefits with respect to a consolidated, combined or unitary Tax Return which includes the Company.

Without a binding agreement, members are not required to pay the parent company for their share of the group's tax liability, and the parent is not obligated to pay members for using their tax attributes.

A consolidated tax return allows affiliated entities to report their taxes jointly on one return. This benefits a corporation that operates through many legal entities and can thus be seen as one entity. Items that are consolidated typically include capital gains, net losses, and certain deductions.

The agreement calculates and allocates the tax consequences attributable to a specific member or group that are reported in a consolidated return. A TSA happens when two or more corporations are consolidated or combined into a single tax filing.

A tax treaty is a bilateral (two-party) agreement made by two countries to resolve issues involving double taxation of passive and active income of each of their respective citizens. When an individual or business invests in a foreign country, the issue of which country should tax the investor's earnings may arise.

Comprehensive tax allocation is an analysis that identifies the effect of taxation on revenue-generating transactions during a non-standard reporting period.

A consolidated tax return is a corporate income tax return of an affiliated group of corporations, who elect to report their combined tax liability on a single return. The purpose of the tax return allows for corporations that run their business through many legal affiliates to be viewed as one single entity.