Assume that Countries M; N; O and P each has a double tax treaty with each other based on the OECD model tax convention.
- JZ is incorporated in Country M
- JZ earns the majority of its revenue from Country N
- JZ holds its management board meetings in Country O
- JZ raises most of its finance and operating capital in Country P
A. Country M
B. Country N
C. Country O
D. Country P
Answer: C