Taxation of international shipping income limited to the enterprise's residence state; applies to pools and joint operating agencies. Profits of an enterprise from operating ships or aircraft in international traffic are taxable only in the State of which the enterprise is a resident, ... Summary
Taxation of international shipping income limited to the enterprise's residence state; applies to pools and joint operating agencies.
Profits of an enterprise from operating ships or aircraft in international traffic are taxable only in the State of which the enterprise is a resident, and this rule also applies to profits from participation in a pool, a joint business or an international operating agency related to such international traffic.
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