The Schizophrenic Co. was organized in Delaware. All of its business is done in France. Its managerial offices are located in Luxembourg. Its board of directors holds its meetings in Luxembourg.

The shareholders are all Swiss and they hold their annual meetings in Innsbruk, Austria. For tax purposes, of which country or countries is Schizophrenic a resident? Why?

Solution:

The Schizophrenic Co. established in Delaware. It means the home country of Schizophrenic Co. is Delaware, United States. The business of the company is in another country France but the board of directors meeting is held at Luxembourg which seems to be another country. Concerns about the shareholders, shareholders are Swiss citizens and hold annual meeting in Austria.

Company's shareholders belong to Swiss and annual...