Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 71

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 71
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 BBU General Partner intends to use commercially reasonable efforts to structure the activities of our company and the Holding LP to avoid generating income treated as effectively connected with a U. S. trade or business, including effectively connected income attributable to the sale of a “ United States real property interest”, as defined in the U. S. Internal Revenue Code. If our company were deemed to be engaged in a U. S. trade or business, or to realize gain from the sale or other disposition of a U. S. real property interest, Non-U. S. Holders generally would be required to file U. S. federal income tax returns and pay U. S. federal income tax at the regular graduated rates, and distributions to Non-U. S. Holders could be subject to U. S. federal withholding tax at the highest applicable effective tax rates. If, contrary to expectation, our company were engaged in a U. S. trade or business, then gain or loss from the sale of our units by a Non-U. S. Holder would be treated as effectively connected with such trade or business to the extent that such Non-U. S. Holder would have had effectively connected gain or loss had our company sold all of its assets at their fair market value as of the date of such sale. In such case, any such effectively connected gain generally would be taxable at the regular graduated U. S. federal income tax rates, and the amount realized from such sale generally would be subject to a 10% U. S. federal withholding tax. See Item 10. E, “ Taxation - Certain Material U. S. Federal Income Tax Considerations - Consequences to Non-U. S. Holders”.

To meet U. S. federal income tax and other objectives, our company and the Holding LP may acquire assets through U. S. and non-U. S. Holding Entities that are treated as corporations for U. S. federal income tax purposes, and such Holding Entities may be subject to corporate income tax.

To meet U. S. federal income tax and other objectives, our company and the Holding LP may acquire assets through U. S. and non-U. S. Holding Entities that are treated as corporations for U. S. federal income tax purposes, and such Holding Entities may be subject to corporate income tax. Consequently, items of income, gain, loss, deduction or credit realized in the first instance by the operating businesses will not flow, for U. S. federal income tax purposes, directly to the Holding LP, our company