Question

Which of the following conditions would not, in isolation, make a company liable for income taxin...

  1. Which of the following conditions would not, in isolation, make a company liable for income taxin New Zealand? why are not correct ? why is correct?a.Banana Ltd is incorporated in New Zealand b.Orange Ltd is incorporated in Australia and has a branch in New Zealand c.Pear Ltd is incorporated in Ireland but has its head office in New Zealand d.Apple Ltd is incorporated in Ireland but is managed and controlled in the US
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Answer #1

answer is option D

d.Apple Ltd is incorporated in Ireland but is managed and controlled in the US

Explanation:

a.Banana Ltd is incorporated in New Zealand - yes, New Zealand has a tax liability because Banana Ltd. is incorporated in New Zealand.

b.Orange Ltd is incorporated in Australia and has a branch in New Zealand - yes, New Zealand has a tax liability because organe Ltd has branch in New Zealand. It's tax liability will limted to New Zealand brach.

c.Pear Ltd is incorporated in Ireland but has its head office in New Zealand - yes, New Zealand has a tax liability because Pear Ltd has head office in New Zealand.

d. Apple Ltd is incorporated in Ireland but is managed and controlled in the US- No, New Zealand does not have a tax liability because Apple Ltd is neither incorporated nor controlled and managed in New Zealand.

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