DOUBLE INCOME TAX-SHIPPING PROFITS-BRAZIL. Finally, I can inform Your Excellency that from December 29, 1928 onward! no taxes were collected on income derived by navi~a tion comparues operated by North American citizens or compames established in that country. I avail myself of this opportunity to renew to Your Excellency the assurance of my highest consideration. OCTAVIO MANGABEIRA. HIS EXCELLENCY MR. EDWIN VERNON :MORGAN, Ambassador of the United States of America. The American Ambassador (Aforgan) to the Brazilian A1inister fOT Foreign Affairs (A1angabeira) No. 152u. AMERICAN EMBASSY RIO DE JANEIRO, August 21, 1930 MR. MINISTER: 2625 I take pleasure in infonning Your Excellency that after a lengthy t;~ifide:t~:sDt by correspondence between this Embassy, the Department of State and . the United States Treasury Department, regarding a reciprocal exemption from taxes by the Government of the United States on income derived from the operation of ships registered under Bra- zilian laws and in accordance with the _provisions for reciprocal exemption contained in the United States Revenue Act of 1928, the income of Brazilian citizens arising exclusivelJ" from profit derived from the operation of ships registered under Brazilian laws will be exempt from taxation by the Government of the United States. This exemption became effective on January 1, 1929. Accept, Excellency [etc.] EDWIN V. MORGAN. HIS EXCELLENCY DR.OCTAVIO MANGABEIRA, Minister for Foreign Affairs. The Director of Oommercial and Oonsular Affairs in the Brazilian Ministry of Foreign Affairs (Eulalio) to the American Ambassador (Morgan) NC/72 MINISTERIO DAS RELA~OES EXTERIORES RIO DE JANEIRO, Em 1 de Setembro de 1930. SENHOR EMBAIXADOR: Accusando 0 recebimento do. nota N° 1526, de 21 de Agosto do anno corrente, tenho a honra de agradecer a Vossa. Excellencio. a gentileza, que teve, em communicar a esta Secretaria de Estado a resolu~Ao do Governo dos Estados Unidos do. America, relativa " isen¢o de imposto para a renda de naciona.es brasileiros que consista exclusivamente em lucros provenientes do. opera¢o de vapores ma- triculados no Brasil-resolu~Ao de que este Ministerio acaba de dar conhecimento ao Ministerio do. Fazenda. Aproveito o.. opportunidade para renovar a Vossa Excellencia os protestos do. minha mais alta considera~Ao. JM. EULALIO A SUA EXCELLENCIA 0 SENHOR EDWIN VERNON MORGAN Embaixador dos Estados Unidos cia America.
