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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

An applicant invokes its corporate shareholder’s formal Filipino classification. Evidence shows foreign financing coupled with arrangements placing beneficial control with the foreign investor. It insists that no inquiry is possible once the first-level ratio is 60–40. Which is best?

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The court must replace all nationality laws with a naming test First-level percentages are irrebuttably conclusive The court may assess the evidence of doubt and apply supplemental tracing rather than stop at the formal ratio The foreign investor’s nationality is never relevant

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