https://www.taxtmi.com/article/detailed?id=11820 Identification of an entity as a Constituent Entity or an Excluded Entity determines inclusion in GloBE income, loss and covered tax computations, applicability of the Income Inclusion Rule and Undertaxed Profits Rule, and administrative filing obligations. Excluded categories (governmental, non-profit, pension, certain investment and real estate vehicles as ultimate parents) are removed from GloBE calculations except for the revenue threshold test, and ownership/activity tests allow entities owned by excluded entities to be treated as excluded. A five-year election permits treating an excluded entity as a constituent entity for charging purposes. en-us Wed, 06 Sep 2023 14:17:52 +0530 Wed, 06 Sep 2023 14:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11820 Identification of an entity as a Constituent Entity or an Excluded Entity determines inclusion in GloBE income, loss and covered tax computations, applicability of the Income Inclusion Rule and Undertaxed Profits Rule, and administrative filing obligations. Excluded categories (governmental, non-profit, pension, certain investment and real estate vehicles as ultimate parents) are removed from GloBE calculations except for the revenue threshold test, and ownership/activity tests allow entities owned by excluded entities to be treated as excluded. A five-year election permits treating an excluded entity as a constituent entity for charging purposes. Articles Other Topics Wed, 06 Sep 2023 14:17:52 +0530 https://www.taxtmi.com/article/detailed?id=11820