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3In section 127 (excluded entities), in subsection (5)—
(a)for paragraph (b) substitute—
“(b)the revenue (see section 129(5)) of the multinational group of which the entity is a member, excluding the revenues of each member that is a non-profit organisation, a qualifying service entity or a qualifying exempt income entity—
(i)would not exceed the threshold set out in section 129(4), and
(ii)is less than 25% of the total revenue of the group, and”, and
(b)omit paragraph (c) (and the “and” after it).
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