JUDICIAL INTERPRETATION OF PLACE OF EFFECTIVE MANAGEMENT – THE OCEANIC TRUST CASE

Wednesday, June 05, 2013
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In the Oceanic Trust Co Ltd NO v C: SARS (2011) 74 SATC 127 (“Oceanic Trust case”) the Tax Court commented on the concept “place of effective management” (“POEM”). Although the case dealt with the POEM of a trust, the comments are relevant to companies too.

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