Page:United States Statutes at Large Volume 59 Part 2.djvu/235

 TREATIES 900 Ante, p. 894. Ante, p. 897. Tax basis. Deduction. tt ortion of the capital situated that ployed and allocable to a oreanent establishment within perm the fcrmer State. The foregoing provision shall to the French "patente" aPPland the United States capital tax even though these two stock have not been referred to in Article 1 of the present Conven- Artic tion. In the application of the present A t le navigation enterprises of Atcf the contracting States, en- oe g in the other State the bene- oy )f Article 6 of the present ts (-ention, shall not be consid- ed as having a permanent eslishment in the latter State estab . . . .. insofr as shipping activities are rned. conc( ARTICLE 14. Its agreed that double taxation shll be avoided in the following ier: mani A- s regards the United States of rnerica: A. N( twithstanding any other pro- .. of this Convention, the vlsl.3d States of America in de- U mting the income and excess- ter . . rofis taxes, including all sur- taxe, of its citizens, or residents, or rporations, may include in the asis upon which such taxes are .mposed, all items of income taxa)le under the Revenue Laws f the United States of America, as tpough this Convention had ome into effect. The United . ,is of America shall, however, de ct from the taxes thus com- dedu 1dthe amount of French in- e tax paid. This deduction come ... shal be made in accordance with the benefits and limitations of the capital investi (situated or em- ployed) dans le premier Etat et imputable a un 6tablissement stable qui s'y trouve situe. La disposition qui precede est applicable en ce qui concerne la contribution frangaise des paten- tes et l'imp6t americain sur le "capital stock", bien que ces deux impots ne soient pas vises A l'article ler de la pr6sente Con- vention. Pour l'application du present article, les entreprises de naviga- tion de l'un des Etats contractants beneficiant dans l'autre Etat de l'exon6ration prevue par l'article 6 de la presente Convention, ne sont pas consideres comme ayant un 6tablissement stable dans ce dernier Etat en ce qui concerne l'industrie de la navigation. ARTICLE 14. I est entendu que la double im- position sera evitee de la fagon suivante: A-En ce qui concerne les Etats- Unis d'Amerique: Nonobstant toute autre disposi- tion de la presente Convention, les Etats-Unis d'Amerique, en deter- minant les imp6ts sur le revenu et les exc6dents de benefices, y com- pris toutes les surtaxes, de leurs cito- yens, de leurs societ6s et des per- sonnes residant en Amerique pour- ront comprendre dans les bases de ces imp6ts toutes les categories de revenus imposables en vertu de la legislation fiscale americaine, com- me si ladite Convention n'exis- tait pas. Toutefois, les Etats- Unis d'Amerique deduiront des imp6ts ainsi calcules le montant des imp6ts sur le revenu percus en France. Cette deduction sera faite dans les conditions prevues [59 STAT.

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