I. Shareholding level
Company B (33%)
Company C (34%)
UBO Person 1 - final (33%)

II. Shareholding level – Company B
UBO Person 2 - final (50%)
UBO Person 3 - final (50%)

II. Shareholding level – Company C
Company D (50%)
Company E (50%)

III. Shareholding level - D. Foreign limited liability company
UBO Person 4 - final (50%)
UBO Person 5 - final (50%)

III. Shareholding level - E. Foreign joint-stock company
UBO Person 6 - final (50%)
Owner Person X (50%) => UBO Person 7 - final (50%)

Company A (EU)
- Tax on profits: 200K
- Profits: 1 000K
- Revenues: 10 000K

Company B (EU)
- Tax on profits: 100K
- Profits: 500K
- Revenues: 5 000K

Company C (EU)
- Tax on profits: 400K
- Profits: 2 000K
- Revenues: 10 000K

Company D (non-EU)
- Tax on profits: 100K
- Profits: 1 000K
- Revenues: 7 500K

Company E (non-EU)
- Tax on profits: 200K
- Profits: 2 000K
- Revenues: 6 400K

Global effective corporate tax rate (GECTR):

15 %

Tax on profits (corporate tax) in the EU:

700K