...exemption from US taxation is granted to earnings derived from the operation of ship or aircraft registered under the laws of a foreign country which grants an equivalent exemption to a US citizen or domestic corporation (Code Sec. 883)." 1322. Expatriation to Avoid Income Tax. Both...

...benefits apply if the subsidiary operates through a "less developed country" corporation. operation of ships documented under the laws of a foreign country...grants an equivalent exemption to citizens of the US and to corporations organized in the US Thus, if the internal law of a foreign jurisdiction exempts...

...or a foreign corporation (sec. 883 (a) (1)) does not include earnings derived from the operation of ships documented under the laws of a foreign country which grants an equivalent exemption to citizens and corporations of the United States. The determination that a foreign country grants an equivalent...

...much of the income from sources within the United States of a nonresident alien individual as consists of earnings derived from the operation of a ship or ships documented, or of aircraft registered, under the laws of a foreign country which grants an equivalent exemption...

...much of the income from sources within the United States of a nonresident alien individual as consists of earnings derived from the operation of a ship or ships documented, or of aircraft registered, under the laws of a foreign country which grants an equivalent exemption...

...872(b)(l)) or a foreign corporation (sec. 883(a)(l)) does not include earnings derived from the operation of ships documented under the laws of a foreign country which grants an equivalent exemption for the shipping income of (or imposes no tax on the income of) citizens and corporations of the United...

...employed by another nonresident alien individual, a foreign partnership, or foreign corporation in the operation of a ship or ships documented under the laws of a foreign country if such commissions relate to the sale of supplies to be used in connection with the operation of such...

...exemption from US taxation is granted to earnings derived from the operation of ship or aircraft registered under the laws of a foreign country which grants an equivalent exemption to a US citizen or domestic corporation (Code Sec. 883). * 1322. Expatriation to Avoid Income Tax. Hoth...

...from US tax on US source shipping income as long as the income is derived from the operation of a ship documented under the laws of a foreign country which grants an equivalent exemption for the shipping income of (or imposes no tax on the income of) citizens and corporations of the United...

...372(b)(l)) or a foreign corporation (sec. 383(a)(l)) does not include earnings derived from the operation of ships documented under the. laws of a foreign country which grants an equivalent exemption for the shipping income of (or imposes no tax on the income of) citizens and corporations of the United...