Globe Rules Article 1.4. Ultimate Parent Entity

Category: GloBE Model Rules | Tag: ,
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1.4.1. Ultimate Parent Entity means either:

(a) an Entity that:

i.  owns directly or indirectly a Controlling Interest in any other Entity; and

ii. is not owned, with a Controlling Interest, directly or indirectly by another Entity; or

(b) the Main Entity of a Group that is within Article 1.2.3.



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Related GloBE Rules, Comments, and Examples

  1. Globe Commentary Article 1.4 – Ultimate Parent Entity32. The definition of UPE is set out in Article 1.4. The UPE definition is used as part of the definition of Group and is the starting point for identifying all the Entities that comprise the MNE Group. The identification of the UPE...