X Corp., a foreign corporation is not a dealer in securities. X Corp. (for its own account)
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Question:
X Corp., a foreign corporation is not a dealer in securities. X Corp. (for its own account) on a regular and continuous basis trades in securities and commodities on U.S. exchanges through an independent registered broker. X Corp. does not have a U.S. office.
a) Does X Corp. have a U.S. trade or business?
b) Does your answer in 4 (a) change if X Corp. has an employee in N.Y. effecting the
transactions?
c) What if X Corp. is a dealer in securities and does these trades through its N.Y. office?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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