Case Study One: Consulting Services International Ltd Consulting Services International Ltd (CSI Ltd) is a company incorporated in Hong Kong. The company is part of a multi- nationalgroup and acts as a holding company for a number of other entities. The group providescorporate management consulting services in various countries across the globe. CSI Ltdowns 80% of the shares in Consulting Services Australia Ltd (CSA) which is incorporated inAustralia and carries on a business undertaking corporate consulting in Australia throughvarious physical offices. CSI Ltd's main activities are raising finance and investing in order togenerate funds and effectively manage the other companies in the group. CSI also providescentralised management and head office services to the other international companies inthe group for fees at market value. The main income sources of CSI are therefore investmentincome, interest on loans to other companies and service fees. CSI's main head office islocated in New York. Most of the administrative staff are also located in this New York Office,the senior executive staff, directors, while the Board Members are physically located at the senior executive staff, directors, while the Board Members are physically located atvarious other subsidiary company head offices in other countries. Two Board Members (from a total of 10 members) and two senior executives are based in the Australian officesbut regularly travel overseas. At least two Board Meetings were held in Australia during the2024 income year with the remaining held in New York. There were 11 Board meetings heldduring the year. Required: Discuss with reference to legislation, case law and/or rulings (where relevant) whether CSI Ltd would be considered a resident of Australia for tax

The case concerns the residency status of Consulting Services International Ltd (CSI Ltd) for tax…

Answered: Case Study One: Consulting Services…

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