Maple Cargo is an all$-$cargo airline that operates on four continents. Its headquarters are in New Zealand. It has two divisions, Cargo and Maintenance. Cargo Division flies cargo to and from international locations. Maple Cargo also has a maintenance facility located in Hong Kong and schedules its planes in such a way that most maintenance can be done there. In addition to Maple aircraft, Maintenance Division also provides services to several other passenger and cargo air companies.

All of the Cargo Division income is deemed to be earned in New Zealand. Income from the Maintenance Division is deemed to be earned in Hong Kong. Maple$$s income deemed attributable to New Zealand is taxed at a $28$ percent rate. Its income attributable to Hong Kong is taxed at a $16\mathrm{.}5$ percent rate. Last year, Maintenance Division had operating revenues of $$58$ million, excluding services performed for Cargo Division aircraft. Cargo Division revenues last year were $$207$ million.