9911796707
TMI BlogTransparent EntitiesX X X X Extracts X X X X X X X X Extracts X X X X ..... under the tax law of either Contracting Jurisdiction shall be considered to be income of a resident of a Contracting Jurisdiction but only to the extent that the income is treated, for purposes of taxation by that Contracting Jurisdiction, as the income of a resident of that Contracting Jurisdiction. 2. Provisions of a Covered Tax Agreement that require a Contracting Jurisdiction to exempt from i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovisions of this paragraph be construed to affect a Contracting Jurisdiction s right to tax the residents of that Contracting Jurisdiction. 4. Paragraph 1 (as it may be modified by paragraph 3) shall apply in place of or in the absence of provisions of a Covered Tax Agreement to the extent that they address whether income derived by or through entities or arrangements that are treated as fiscally ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its Covered Tax Agreements that already contain a provision described in paragraph 4 which identifies in detail the treatment of specific fact patterns and types of entities or arrangements; e) for paragraph 1 not to apply to its Covered Tax Agreements that already contain a provision described in paragraph 4 which identifies in detail the treatment of specific fact patterns and types of entities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h provision. In the case of a Party that has made the reservation described in sub-paragraph g) of paragraph 5, the notification pursuant to the preceding sentence shall be limited to Covered Tax Agreements that are subject to that reservation. Where all Contracting Jurisdictions have made such a notification with respect to a provision of a Covered Tax Agreement, that provision shall be replaced ..... X X X X Extracts X X X X X X X X Extracts X X X X
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