Part (0) Bolton Limited is a holding company incorporated in Singapore. Bolton has an office in Singapore and the company's operations are managed from this office. Bolton has no office in New Zealand. Bolton has five directors: three are residents in Australia, and two in New Zealand. The powers of the directors are equal. The board of directors meets six-monthly in Singapore to review decisions made by its subsidiaries. The directors regularly hold video conferences to discuss particular issues, and investment decisions are made in the course of these conferences. Determine if Bolton Limited is tax resident in New Zealand. Explain