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of <h1>International Traffic Profits Taxed Only in Resident State; Includes Pools and Consortia</h1> Profits from operating ships or aircraft in international traffic are taxable only in the enterprise's resident state. This includes profits from participation in pools, joint businesses, or international operating agencies. In air transport consortia involving companies from different countries, profits are taxed based on each company's participation. Profits encompass transportation of passengers, mail, livestock, or goods, ticket sales on behalf of others, incidental leasing, and container use. Interest from ship or aircraft operations, directly linked to a permanent establishment in another state, is considered operational profit, excluding interest from investment funds.
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