SHIPPING AND TRANSPORT

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..... ips or aircraft in international traffic shall be taxable only in that State. 2. Profits derived by a transportation enterprise referred to in paragraph 1 which is a resident of a Contracting State .....

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..... ships or aircraft in international traffic shall be regarded as profits derived from the operation of such ships or aircraft, and the provisions of article 11 shall not apply in relation to such inte .....

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