GloBE Model Rules definition

GloBE Model Rules means the model rules published by the Inclusive Framework on Base Erosion and Profit Shifting as “Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two): Inclusive Framework on BEPS”;
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GloBE Model Rules means the model rules published by the Organisation for Economic Co-operation and Development/ G20 Inclusive Framework on Base Erosion and Profit Shifting as “Tax Challenges Arising from the Digitalisation of the Economy – Global Anti- Base Erosion Model Rules (Pillar Two): Inclusive Framework on Base Erosion and Profit Shifting”.
Sample 1
GloBE Model Rules means the rules set out in the document, referenced in the First Schedule, with the citation OECD 2021, Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two): Inclusive Framework on BEPS, OECD Publishing, Paris, as those rules may be clarified, qualified or amended from time to time by —
Sample 1

Examples of GloBE Model Rules in a sentence

  • The input provided by stakeholders on the blueprint informed the discussions that were held throughout this year in developing the GloBE Model Rules.

  • The GloBE Model Rules will apply to MNEs that have consolidated revenues of EUR 750 million in at least two out of the last four years.

  • The Commission is empowered to adopt delegated acts in accordance with Article 52 in order to modify the formula laid down in paragraph 5 of this Article, in order to take into account corresponding modifications of the GloBE Model Rules.

  • The Commission is empowered to adopt delegated acts in accordance with Article 52 to amend any of the items to which an exception accrual applies under paragraph 8, especially in the light of future refinements of the GloBE Model Rules.

  • The Global Anti-Base Erosion (GloBE) Model Rules concerning Pillar Two of the October 2021 statement of the Inclusive Framework on Base Erosion and Profit Shifting (IF on BEPS)1 were approved on 14 December 2021 and released by the Organisation for Economic Co-operation and Development (OECD) on 20 December 20212.

  • The Commission may adopt delegated acts in accordance with Article 52 in order to modify any of the definitions of paragraph 1, or to amend any of the items for which adjustments are provided for under paragraphs 2, 3, 6, 7, 10 and 11, especially in the light of future refinements of the GloBE Model Rules.

  • More generally, a review clause could require the OECDto collect input from IF members and public stakeholders on areas of the GloBE Model Rules that remain unclear or that emerge once the rules become applicable, with a view to clarify these issues in an update to the Commentary/Implementation Framework.

  • With this chapter the author seeks to elaborate on how the deviations influence the outcome when applying the GloBE Model Rules and the implementing EU Directive.In Chapter F the author will test if the world of international taxation will become fairer through the GloBE tax in place.

  • Given the GloBE Model Rules are considered to be tax rules, we consider it will be important to keep the legislation broadly aligned to existing tax legislation.

  • The OECD Inclusive Framework published the GloBE Model Rules in December 2021, followed by an accompanying Commentary in March 2022 to provide further technical guidance to taxpayers and tax administrations.

Related to GloBE Model Rules

  • Model Rules means the State of Oregon’s Attorney General’s model rules of procedure for Public Contracting, which are set forth in OAR Chapter 137, divisions 46, 47, 48, and 49, and required under ORS 279A.065.

  • FCA Rules means the Rules included within the FCA Handbook issued by the FCA.

  • M&A Rules means the Provisions on Merging and Acquiring Domestic Enterprises by Foreign Investors, which was promulgated by six Governmental Agencies, namely, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the China Securities Regulatory Commission (the “CSRC”), and the State Administration of Foreign Exchange, on August 8, 2006 and became effective on September 8, 2006, as amended by the Ministry of Commerce on June 22, 2009.

  • HIPAA Rules means the Privacy, Security, Breach Notification, and Enforcement Rules at 45 CFR Part 160 and Part 164.