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VOLUME 59, NUMBER 1 s TERRY COLLEGE OF BUSINESS s JANUARY-FEBRUARY 1999 ASIAN-AMERICAN BUYING POWER BY PLACE OF RESIDENCE: 1990-1999 Jeffrey M. Humphreys With close to $230 billion in spending power,
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GBEC stands for Global Business Entity Classification, it is a form used to classify the legal entity structure of a business.
Business entities operating globally are required to file GBEC to classify their legal entity structure.
GBEC can be filled out online through the designated platform provided by the relevant authorities.
The purpose of GBEC is to help tax authorities determine the tax treatment of business entities across different jurisdictions.
GBEC requires information such as the legal structure of the business entity, ownership structure, and tax residency status.
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