2nd, assume that Ocean Carriers is located in Hong Kong, wherever by homeowners of Hong Kong ships aren't required to shell out any tax on earnings made overseas and can also be exempted from spending out any tax on income built on cargo uplifted from Hong Kong.
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Substantive Problem Ocean Carriers is usually a transport business analyzing a proposed lease of the ship for A 3-yr interval to a consumer, commencing in 2003. The proposed leasing deal offers really desirable conditions, but no ship in Ocean Carrier’s latest fleet fulfills the customer’s needs.
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