Under Which of the Following Scenarios Could Charles, a Citizen

question 8

Multiple Choice

Under which of the following scenarios could Charles, a citizen of England, be eligible to claim the "closer connection" exception to the substantial presence test in 2017?

• A) Charles spent 182 days in the United States in 2017 and has his tax home in England.
• B) Charles spent 183 days in the United States in 2017 and has his tax home in England.
• C) Charles spent 182 days in the United States in 2017 and has his tax home in the United States.
• D) Charles spent 183 days in the United States in 2017 and has his tax home in the United States.

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Definitions:

Centralized

A structure or system where decision-making authority is concentrated at a single point or in a single organizational entity.

Shareholder Value Model

A corporate governance approach that prioritizes maximizing the value for shareholders through strategies, policies, and business decisions.

Corporate Accountability

The concept that companies should be responsible for their actions in society, including their social, environmental, and economic impacts.

Free Market Economic Models

Economic systems where prices for goods and services are determined by the open market and by consumers, with minimal government intervention or regulation.