...Exclusions from gross income of foreign corporations. (a) Earnings of foreign ships or aircraft— (1) Basic rule. So much of the income from sources within...country and to corporations organized in the United Foreign Corporation X Type ol liabilities incurred by XU.S. Amount o( XUS liabilities Amount ol worldwide...

...connected with US business, state: (2) Aircraft of Foreign Registry. Earnings derived from the operations of aircraft registered under the laws of a foreign...equivalent exemption to citizens of the United States and to corporations organized in the United States. If the foreign country has a similar statutory...

...Exclusions from groes income of foreign corporation*. (a) Earnings of foreign ships or aircraft — (1) Basic rule. So much of the Income from sources within...grants an equivalent exemption to citizens of the Foreign Corporation X Type ol liabilities incurred by XU.S. Amount ol XUS liabilities Amount ol Interest...

...from groes income of foreign corporations. (a) Earnings of foreign ships or олтcraft — (1) Baste rule. So much of the income from sources within the...grants an equivalent exemption to citizens of the Foreign Corporation X Type Of liabilities Incurred by XU S Amount of XAmount of Interest paid worldwide...

...corporation, which consists exclusively of earnings derived from the operation of a ship or ships documented under the laws of a foreign country which grants an equivalent exemption to citizens of tne United States and to corporations organized in the United States, shall not be included in gross...

...rule. So much of the income from sources within the United States of a nonresident alien individual as consists of earnings derived from the operation...nonresident in that foreign country and to corporations organizt-d in the United States shall not be included in gross income. (2) Equivalent exemption —...

...organized In the United States. (2) Aircraft of foreign registry. Earnings derived from the operation of aircraft registered under the laws of a foreign...equivalent exemption to citizens of the United States and to corporations organized In the United States. § 1.883—1 Exclusions from gross income of foreign...

...taxation under this chapter : (2) AIRCRAFT OF FOREIGN REGISTRY. — Earnings derived from the operation of aircraft registered under the laws of a foreign...equivalent exemption to citizens of the United States and to corporations organized in the United States. (As amended by Act of May 4, 1948, 62 Stat. 210.)...

...under this subtitle : ******* (2) AIRCRAFT OF FOREIGN REGISTRY. — Earnings derived from the operation of aircraft registered under the laws of a foreign...equivalent exemption to citizens of the United States and to corporations organized in the United States. ******* SEC. 883 [26 USC 88S] EXCLUSIONS FROM GROSS...

...chapter: ' (i) Ships under foreign flag. Earnings derived from the operation of a ship or ships documented under the laws of a foreign country which grants an...equivalent exemption to citizens of the United States and to corporations organized in the United States.' " The question is not whether the Philippines,...