Combined Tax Group

Combined Tax Group. Shall mean any affiliated group (i) of which New Sally or Holdings was or is, or was or is required to be, the common parent for purposes of paying Taxes or filing a Tax Return and (ii) (A) which includes, for U.S. federal income tax purposes, all items of income, gain, loss, deduction or credit attributable to the Company or any of its Subsidiaries, or (B) of which the Company or any of its Subsidiaries was or is, or was or is required to 1 be, a member for any Tax year. For the... avoidance of doubt, a Combined Tax Group shall be deemed to exist in any jurisdiction in which New Sally and/or Holdings is required to include in its taxable income, for any Tax purposes, any item of income, gain, loss, deduction or credit attributable to any members of the Company Group, and shall include such member(s) and New Sally and/or Holdings, as the case may be. View More