Page:United States Statutes at Large Volume 47 Part 2.djvu/1032

2622 DOUBLE INCOME TAX-SHIPPING PROFITS-BRAZIL. The Brazilian Minister for Foreign Affairs (Mangabeira.) to the American Ambassador (Morgan) [Translation) NC/56 MINISTRY OF FOREIGN AFFAIRS RIO DE JANEIRO, May 31, 1929. MR. AMBASSADOR: In continuation of my Note NC/29 of last April, regarding the request of this Embassy for an exemption of income tax for American navigation companies, I have the honor to send Your Excellency herewith a copy of the reply from the Ministry of Finance giving an answer to the said request. Furthermore, I beg to inform Your Excellency that, upon this date, I have again sent to the said Ministry the provisions of the law men- tioned in Note No. 1,419 of March 5th last, which, in your country assures reciprocity to foreign navigation companies of the exemption from the tax referred to. I renew the occasion to reiterate to Your Excellency the assurance of my highest consideration. OCTAVIO MANGABEIRA HIS EXCELLENCY MR. EDWIN VERNON MORGAN, Ambassador of the United States of America, Rio de Janeiro. [Enclosure-Translation] The Brazilian Minister of Finance (Oliveira Botelho) to the Brazilian Minister jor Foreign Affairs (Mangabeira) No. 33. MINISTRY OF FINANCE May 29,1929. Subject: Exemption from income tax on forei.gn navigation com- panies. MR. MINISTER: • • • Your Excellency transmitted me requests from the Embas~ Biesof • • . , NorthAmerica, . . . , andfromtheLegationsof . . . for exemption from income tax, in accordance with Art. 6 of decree No. 5,623, of December 29, 1928, for the navigation companies of those countries engaged in traffic with Brazil. In reply I have the honor to state to Your Excellency that in view of the provisions of the above cited law in order that navigation com- panies dowelled in foreigJ1 countries may be exempted from the taxation referred to it will be sufficient that Your Excellency'S l\1in- istry shall state to the Ministry of Finance that such 8 law exists in the interested State granting similar favors to Brazilian navigation companies ••. I have to inform Your Excellency that the Income Tax Office hss suspended the collection of said tax from the navigation companies domiciled in foreign countries pending information of the non-exist- ence of the conditions mentioned in our law in relation to any country. I beg to renew to Your Excellency the assurance of my high COll- sideration. F. C. DE OLIVEIRA BOTELHO. HIS EXCELLENCY Du. OCTAVIO MANGABEIRA, Minister jor Foreign Affairs.