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Shipping Co Ltd is a shipping company that was incorporated in America. The company sells products in both America and Australia. Jane, and Australian resident,
Shipping Co Ltd is a shipping company that was incorporated in America. The company sells products in both America and Australia. Jane, and Australian resident, holds the majority of shares in Shipping Co Ltd. Jane has the power to remove the remaining three directors, all of whom are residents of America. Further, no resolution can be made without Janes approval. True or false: Shipping Co Ltd is a resident of Australia for tax purposes.
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True
False
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