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The President of the Philippines and the Prime Minister of Canada entered into an executive agreement of a loan facility to the Philippines from
The President of the Philippines and the Prime Minister of Canada entered into an executive agreement of a loan facility to the Philippines from Canada whereby it was stipulated that interest on loans granted by private Canadian financial institutions to private financial institutions in the Philippines shall not be subject to Philippine income taxes. Is the tax exemption valid? Why? Why not?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
