Shipping and air transport

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..... other Contracting State, from the operation of ships in international traffic may be taxed in that other Contracting State, but the tax chargeable in that other Contracting State on such income shall be reduced by an amount equal to 50 per cent of such tax. 3 . Profits derived by a transportation enterprise which is a resident of a Contracting State from the use, maintenance, or rental of contain .....

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