Exemption of international air transport income from foreign taxation, including income from pools, joint airlines and related interest. Income earned by an enterprise of one Contracting State from operating aircraft in international air traffic is exempt from tax in the other Contracting State; the exemption also covers income from participation in a pool, a joint airline business, or an international operating agency, and interest on funds connected with such operation is treated as income from that operation.
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Provisions expressly mentioned in the judgment/order text.
Exemption of international air transport income from foreign taxation, including income from pools, joint airlines and related interest.
Income earned by an enterprise of one Contracting State from operating aircraft in international air traffic is exempt from tax in the other Contracting State; the exemption also covers income from participation in a pool, a joint airline business, or an international operating agency, and interest on funds connected with such operation is treated as income from that operation.
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