nonrecognition

nonrecognition

(ˌnɒnrɛkəɡˈnɪʃən)
n
(Government, Politics & Diplomacy) the act or an instance of refusing to acknowledge formally a government or the independence of a country
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References in classic literature ?
After the condescending surprise, nonrecognition, and praise, from those who were not themselves dressed up, the young people decided that their costumes were so good that they ought to be shown elsewhere.
The CTA reiterated that the share-swap transaction was a tax-free exchange under the National Internal Revenue Code, because the law allowed the nonrecognition of gains when 'further control' of a firm is increased 'collectively.
A unilateral declaration would totally backfire and face nonrecognition from the world, bringing economic ruin to the region.
Instead, North Carolina law calls for adjustments to a taxpayer's income, which can cause challenges when planning for and reporting recognition and nonrecognition events.
The IRS continues to maintain its no-ruling policy on whether a transaction qualifies for tax-free treatment as a whole (as opposed to meeting the business purpose and device tests, which are only part of the analysis), whether various tax consequences (such as nonrecognition and basis) result from the transaction and certain other matters.
Establishment of nonrecognition of post-coup d'etat a universal principle raises some difficult practical questions.
However, a debate raged over whether federal benefits were available to same-sex married couples residing in nonrecognition states.
Netanyahu leads a caucus that has the nonrecognition of any separate state for Palestinians as a key guiding principle.
Pricing emissions is about fixing market distortions that currently exist through clumsy government regulations, fickle tax incentives, direct subsidies and the nonrecognition of negative externalities.
Despite this diversity, the tax treatment of distributions follows a unitary approach grounded in nonrecognition.
Another possibility is that couples living in nonrecognition states might be able to choose their filing status for federal purposes.
To conserve resource, the IRS will no longer issue PLRs on whether a transaction qualifies for nonrecognition treatment under IRC sees.