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..... d situated in the other Contracting State, may be taxed in that other State. 2. Capital represented by movable property forming part of the business property of a permanent establishment which an ente .....

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..... to the operation of such ships or aircraft, shall be taxable only in the Contracting State of which the enterprise owning such property is a resident. 4. All other elements of capital of a resident o .....

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