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Shipping And Air Transport
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....visions of paragraph 1, profits derived from the operation of ships in international traffic may be taxed in the Contracting State in which such operation is carried on; but the tax so charged shall not exceed 50 per cent of the tax otherwise imposed by the internal law of that State. 3. If the place of effective management of a shipping enterprise is aboard a ship, then it shall be deemed to b....
TaxTMI