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Question 2 20 Marks PDK Limited is a Namibian incorporated company. PDK Ltd is listed on the Namibian Stock Exchange. Its share capital as at
Question 2 20 Marks PDK Limited is a Namibian incorporated company. PDK Ltd is listed on the Namibian Stock Exchange. Its share capital as at 30 June 2022 was held as follows: SHAREHOLDERS % Holding Mr. USA (Director) 6% Mrs. USA 5% Mr. China (Director) 9% Jnr. China 3% Mr. Russia 12% Merkel Co-operative 8% Italy Ltd 5% Greece Pension fund 12% Gold dollar Mining (Pty) Ltd 5% UN (Pty) Ltd : Shares held as 22% Mr. USA 35% Mr. China 25% Mr. Russia 20% Mr. Trump 20% G8 Ltd : Shares held as 13% Mr. China 10% Mr. Russia 10% Individuals general public 80% Total 100% Required: Determine whether PDK Ltd is a public or private company for tax purposes. (Include in your answer a reason for including or excluding any shareholders in determining whether this is a public or private company) (20 Marks)
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