id	sid	tid	token	lemma	pos
ftr-365	1	1	florida	florida	PROPN
ftr-365	1	2	tax	tax	PROPN
ftr-365	1	3	review	review	PROPN
ftr-365	1	4	1	1	NUM
ftr-365	1	5	florida	florida	PROPN
ftr-365	1	6	tax	tax	NOUN
ftr-365	1	7	review	review	NOUN
ftr-365	1	8	volume	volume	NOUN
ftr-365	1	9	9	9	NUM
ftr-365	1	10	2008	2008	NUM
ftr-365	1	11	number	number	NOUN
ftr-365	1	12	1	1	NUM
ftr-365	1	13	the	the	DET
ftr-365	1	14	case	case	NOUN
ftr-365	1	15	for	for	ADP
ftr-365	1	16	residency	residency	NOUN
ftr-365	1	17	-	-	PUNCT
ftr-365	1	18	based	base	VERB
ftr-365	1	19	taxation	taxation	NOUN
ftr-365	1	20	of	of	ADP
ftr-365	1	21	financial	financial	ADJ
ftr-365	1	22	transactions	transaction	NOUN
ftr-365	1	23	in	in	ADP
ftr-365	1	24	developing	develop	VERB
ftr-365	1	25	countries	country	NOUN
ftr-365	1	26	by	by	ADP
ftr-365	1	27	yoram	yoram	PROPN
ftr-365	1	28	keinan	keinan	PROPN
ftr-365	1	29	*	*	PUNCT
ftr-365	1	30	i.	i.	PROPN
ftr-365	1	31	introduction	introduction	NOUN
ftr-365	1	32	..........................................................................................	..........................................................................................	PUNCT
ftr-365	1	33	3	3	NUM
ftr-365	1	34	ii	ii	NOUN
ftr-365	1	35	.	.	PUNCT
ftr-365	1	36	basic	basic	ADJ
ftr-365	1	37	principles	principle	NOUN
ftr-365	1	38	of	of	ADP
ftr-365	1	39	international	international	ADJ
ftr-365	1	40	tax	tax	NOUN
ftr-365	1	41	rules	rule	NOUN
ftr-365	1	42	...........................	...........................	PUNCT
ftr-365	1	43	10	10	NUM
ftr-365	1	44	a.	a.	NOUN
ftr-365	1	45	overview	overview	NOUN
ftr-365	1	46	.....................................................................................	.....................................................................................	PUNCT
ftr-365	1	47	10	10	NUM
ftr-365	1	48	b.	b.	PROPN
ftr-365	1	49	source	source	NOUN
ftr-365	1	50	-	-	PUNCT
ftr-365	1	51	based	base	VERB
ftr-365	1	52	and	and	CCONJ
ftr-365	1	53	residency	residency	NOUN
ftr-365	1	54	-	-	PUNCT
ftr-365	1	55	based	base	VERB
ftr-365	1	56	taxation	taxation	NOUN
ftr-365	1	57	............................	............................	PUNCT
ftr-365	1	58	12	12	NUM
ftr-365	1	59	c.	c.	NOUN
ftr-365	1	60	active	active	ADJ
ftr-365	1	61	v.	v.	ADP
ftr-365	1	62	passive	passive	ADJ
ftr-365	1	63	income	income	NOUN
ftr-365	1	64	.............................................................	.............................................................	PUNCT
ftr-365	1	65	14	14	NUM
ftr-365	1	66	d.	d.	NOUN
ftr-365	1	67	the	the	DET
ftr-365	1	68	rationale	rationale	NOUN
ftr-365	1	69	behind	behind	ADP
ftr-365	1	70	the	the	DET
ftr-365	1	71	active	active	ADJ
ftr-365	1	72	/	/	SYM
ftr-365	1	73	passive	passive	ADJ
ftr-365	1	74	distinction	distinction	NOUN
ftr-365	1	75	.................	.................	PUNCT
ftr-365	1	76	17	17	NUM
ftr-365	1	77	e.	e.	PROPN
ftr-365	1	78	residency	residency	NOUN
ftr-365	1	79	-	-	PUNCT
ftr-365	1	80	based	base	VERB
ftr-365	1	81	taxation	taxation	NOUN
ftr-365	1	82	..........................................................	..........................................................	PUNCT
ftr-365	1	83	18	18	NUM
ftr-365	1	84	f.	f.	NOUN
ftr-365	1	85	determining	determine	VERB
ftr-365	1	86	the	the	DET
ftr-365	1	87	source	source	NOUN
ftr-365	1	88	of	of	ADP
ftr-365	1	89	income	income	NOUN
ftr-365	1	90	.............................................	.............................................	PUNCT
ftr-365	1	91	19	19	NUM
ftr-365	1	92	g.	g.	NOUN
ftr-365	1	93	the	the	DET
ftr-365	1	94	role	role	NOUN
ftr-365	1	95	of	of	ADP
ftr-365	1	96	tax	tax	NOUN
ftr-365	1	97	treaties	treaty	NOUN
ftr-365	1	98	in	in	ADP
ftr-365	1	99	allocating	allocate	VERB
ftr-365	1	100	income	income	NOUN
ftr-365	1	101	between	between	ADP
ftr-365	1	102	the	the	DET
ftr-365	1	103	source	source	NOUN
ftr-365	1	104	and	and	CCONJ
ftr-365	1	105	residency	residency	NOUN
ftr-365	1	106	country	country	NOUN
ftr-365	1	107	..................................................	..................................................	PUNCT
ftr-365	1	108	20	20	NUM
ftr-365	1	109	iii	iii	NOUN
ftr-365	1	110	.	.	PUNCT
ftr-365	2	1	taxation	taxation	NOUN
ftr-365	2	2	of	of	ADP
ftr-365	2	3	cross	cross	ADJ
ftr-365	2	4	-	-	ADJ
ftr-365	2	5	border	border	ADJ
ftr-365	2	6	financial	financial	ADJ
ftr-365	2	7	transactions	transaction	NOUN
ftr-365	2	8	.............	.............	PUNCT
ftr-365	2	9	22	22	NUM
ftr-365	2	10	a.	a.	NOUN
ftr-365	2	11	general	general	NOUN
ftr-365	2	12	.......................................................................................	.......................................................................................	PUNCT
ftr-365	2	13	22	22	NUM
ftr-365	2	14	b.	b.	PROPN
ftr-365	2	15	taxation	taxation	NOUN
ftr-365	2	16	of	of	ADP
ftr-365	2	17	interest	interest	NOUN
ftr-365	2	18	,	,	PUNCT
ftr-365	2	19	dividends	dividend	NOUN
ftr-365	2	20	and	and	CCONJ
ftr-365	2	21	capital	capital	NOUN
ftr-365	2	22	gains	gain	NOUN
ftr-365	2	23	....................	....................	PUNCT
ftr-365	3	1	24	24	NUM
ftr-365	3	2	1	1	NUM
ftr-365	3	3	.	.	PUNCT
ftr-365	4	1	taxation	taxation	NOUN
ftr-365	4	2	of	of	ADP
ftr-365	4	3	cross	cross	ADJ
ftr-365	4	4	-	-	ADJ
ftr-365	4	5	border	border	ADJ
ftr-365	4	6	interest	interest	NOUN
ftr-365	4	7	and	and	CCONJ
ftr-365	4	8	dividends	dividend	NOUN
ftr-365	4	9	.........	.........	PUNCT
ftr-365	5	1	24	24	NUM
ftr-365	5	2	2	2	NUM
ftr-365	5	3	.	.	PUNCT
ftr-365	5	4	taxation	taxation	NOUN
ftr-365	5	5	of	of	ADP
ftr-365	5	6	interest	interest	NOUN
ftr-365	5	7	........................................................	........................................................	PUNCT
ftr-365	6	1	25	25	NUM
ftr-365	6	2	3	3	X
ftr-365	6	3	.	.	PUNCT
ftr-365	6	4	taxation	taxation	NOUN
ftr-365	6	5	of	of	ADP
ftr-365	6	6	dividends	dividend	NOUN
ftr-365	6	7	and	and	CCONJ
ftr-365	6	8	total	total	ADJ
ftr-365	6	9	return	return	NOUN
ftr-365	6	10	swaps	swap	NOUN
ftr-365	6	11	.............	.............	PUNCT
ftr-365	6	12	27	27	NUM
ftr-365	6	13	4	4	NUM
ftr-365	6	14	.	.	PUNCT
ftr-365	7	1	capital	capital	NOUN
ftr-365	7	2	gains	gain	NOUN
ftr-365	7	3	.................................................................	.................................................................	PUNCT
ftr-365	7	4	29	29	NUM
ftr-365	7	5	5	5	NUM
ftr-365	7	6	.	.	PUNCT
ftr-365	8	1	the	the	DET
ftr-365	8	2	“	"	PUNCT
ftr-365	8	3	race	race	NOUN
ftr-365	8	4	to	to	ADP
ftr-365	8	5	the	the	DET
ftr-365	8	6	bottom	bottom	NOUN
ftr-365	8	7	”	"	PUNCT
ftr-365	8	8	..............................................	..............................................	PUNCT
ftr-365	8	9	29	29	NUM
ftr-365	8	10	6	6	NUM
ftr-365	8	11	.	.	PUNCT
ftr-365	9	1	the	the	DET
ftr-365	9	2	eu	eu	PROPN
ftr-365	9	3	savings	saving	NOUN
ftr-365	9	4	directive	directive	NOUN
ftr-365	9	5	..............................................	..............................................	PUNCT
ftr-365	9	6	36	36	NUM
ftr-365	9	7	7	7	NUM
ftr-365	9	8	.	.	PUNCT
ftr-365	9	9	conclusions	conclusion	NOUN
ftr-365	9	10	....................................................................	....................................................................	PUNCT
ftr-365	10	1	37	37	NUM
ftr-365	10	2	*	*	PUNCT
ftr-365	10	3	yoram	yoram	PROPN
ftr-365	10	4	keinan	keinan	PROPN
ftr-365	10	5	is	be	AUX
ftr-365	10	6	a	a	DET
ftr-365	10	7	visiting	visit	VERB
ftr-365	10	8	professor	professor	NOUN
ftr-365	10	9	at	at	ADP
ftr-365	10	10	the	the	DET
ftr-365	10	11	university	university	PROPN
ftr-365	10	12	of	of	ADP
ftr-365	10	13	michigan	michigan	PROPN
ftr-365	10	14	law	law	PROPN
ftr-365	10	15	school	school	NOUN
ftr-365	10	16	and	and	CCONJ
ftr-365	10	17	an	an	DET
ftr-365	10	18	adjunct	adjunct	ADJ
ftr-365	10	19	professor	professor	NOUN
ftr-365	10	20	at	at	ADP
ftr-365	10	21	georgetown	georgetown	PROPN
ftr-365	10	22	law	law	NOUN
ftr-365	10	23	center	center	NOUN
ftr-365	10	24	.	.	PUNCT
ftr-365	11	1	he	he	PRON
ftr-365	11	2	is	be	AUX
ftr-365	11	3	also	also	ADV
ftr-365	11	4	an	an	PRON
ftr-365	11	5	of	of	ADP
ftr-365	11	6	counsel	counsel	NOUN
ftr-365	11	7	with	with	ADP
ftr-365	11	8	greenberg	greenberg	PROPN
ftr-365	11	9	traurig	traurig	PROPN
ftr-365	11	10	llp	llp	PROPN
ftr-365	11	11	in	in	ADP
ftr-365	11	12	new	new	PROPN
ftr-365	11	13	york	york	PROPN
ftr-365	11	14	.	.	PUNCT
ftr-365	12	1	as	as	ADP
ftr-365	12	2	an	an	PRON
ftr-365	12	3	of	of	ADP
ftr-365	12	4	counsel	counsel	NOUN
ftr-365	12	5	at	at	ADP
ftr-365	12	6	greenberg	greenberg	PROPN
ftr-365	12	7	traurig	traurig	PROPN
ftr-365	12	8	,	,	PUNCT
ftr-365	12	9	he	he	PRON
ftr-365	12	10	specializes	specialize	VERB
ftr-365	12	11	in	in	ADP
ftr-365	12	12	united	united	PROPN
ftr-365	12	13	states	states	PROPN
ftr-365	12	14	taxation	taxation	NOUN
ftr-365	12	15	of	of	ADP
ftr-365	12	16	financial	financial	ADJ
ftr-365	12	17	products	product	NOUN
ftr-365	12	18	and	and	CCONJ
ftr-365	12	19	institutions	institution	NOUN
ftr-365	12	20	and	and	CCONJ
ftr-365	12	21	represents	represent	VERB
ftr-365	12	22	major	major	ADJ
ftr-365	12	23	investment	investment	NOUN
ftr-365	12	24	banks	bank	NOUN
ftr-365	12	25	and	and	CCONJ
ftr-365	12	26	financial	financial	ADJ
ftr-365	12	27	institutions	institution	NOUN
ftr-365	12	28	in	in	ADP
ftr-365	12	29	the	the	DET
ftr-365	12	30	united	united	PROPN
ftr-365	12	31	states	states	PROPN
ftr-365	12	32	.	.	PUNCT
ftr-365	13	1	prior	prior	ADV
ftr-365	13	2	to	to	ADP
ftr-365	13	3	joining	join	VERB
ftr-365	13	4	greenberg	greenberg	PROPN
ftr-365	13	5	traurig	traurig	PROPN
ftr-365	13	6	,	,	PUNCT
ftr-365	13	7	mr	mr	PROPN
ftr-365	13	8	.	.	PROPN
ftr-365	13	9	keinan	keinan	PROPN
ftr-365	13	10	served	serve	VERB
ftr-365	13	11	as	as	ADP
ftr-365	13	12	a	a	DET
ftr-365	13	13	senior	senior	ADJ
ftr-365	13	14	manager	manager	NOUN
ftr-365	13	15	with	with	ADP
ftr-365	13	16	ernst	ernst	PROPN
ftr-365	13	17	&	&	CCONJ
ftr-365	13	18	young	young	PROPN
ftr-365	13	19	’s	’s	PART
ftr-365	13	20	national	national	PROPN
ftr-365	13	21	tax	tax	PROPN
ftr-365	13	22	department	department	PROPN
ftr-365	13	23	in	in	ADP
ftr-365	13	24	washington	washington	PROPN
ftr-365	13	25	,	,	PUNCT
ftr-365	13	26	d.c	d.c	PROPN
ftr-365	13	27	.	.	PROPN
ftr-365	13	28	,	,	PUNCT
ftr-365	13	29	as	as	ADP
ftr-365	13	30	an	an	DET
ftr-365	13	31	associate	associate	NOUN
ftr-365	13	32	with	with	ADP
ftr-365	13	33	shearman	shearman	NOUN
ftr-365	13	34	&	&	CCONJ
ftr-365	13	35	sterling	sterling	NOUN
ftr-365	13	36	and	and	CCONJ
ftr-365	13	37	as	as	ADP
ftr-365	13	38	a	a	DET
ftr-365	13	39	manager	manager	NOUN
ftr-365	13	40	with	with	ADP
ftr-365	13	41	ernst	ernst	PROPN
ftr-365	13	42	&	&	CCONJ
ftr-365	13	43	young	young	PROPN
ftr-365	13	44	’s	’s	PART
ftr-365	13	45	tax	tax	PROPN
ftr-365	13	46	department	department	PROPN
ftr-365	13	47	in	in	ADP
ftr-365	13	48	israel	israel	PROPN
ftr-365	13	49	.	.	PUNCT
ftr-365	14	1	he	he	PRON
ftr-365	14	2	received	receive	VERB
ftr-365	14	3	his	his	PRON
ftr-365	14	4	m.p.a	m.p.a	NOUN
ftr-365	14	5	.	.	PUNCT
ftr-365	15	1	and	and	CCONJ
ftr-365	15	2	i.t.p	i.t.p	ADJ
ftr-365	15	3	.	.	PUNCT
ftr-365	16	1	(	(	PUNCT
ftr-365	16	2	international	international	ADJ
ftr-365	16	3	taxation	taxation	NOUN
ftr-365	16	4	)	)	PUNCT
ftr-365	16	5	from	from	ADP
ftr-365	16	6	harvard	harvard	PROPN
ftr-365	16	7	,	,	PUNCT
ftr-365	16	8	ll.m	ll.m	X
ftr-365	16	9	.	.	PUNCT
ftr-365	17	1	(	(	PUNCT
ftr-365	17	2	taxation	taxation	NOUN
ftr-365	17	3	)	)	PUNCT
ftr-365	17	4	,	,	PUNCT
ftr-365	17	5	and	and	CCONJ
ftr-365	17	6	s.j.d	s.j.d	NOUN
ftr-365	17	7	.	.	PUNCT
ftr-365	18	1	from	from	ADP
ftr-365	18	2	university	university	PROPN
ftr-365	18	3	of	of	ADP
ftr-365	18	4	michigan	michigan	PROPN
ftr-365	18	5	.	.	PROPN
ftr-365	19	1	2	2	NUM
ftr-365	19	2	florida	florida	PROPN
ftr-365	19	3	tax	tax	NOUN
ftr-365	19	4	review	review	NOUN
ftr-365	19	5	vol	vol	NOUN
ftr-365	19	6	.	.	PROPN
ftr-365	19	7	9:1	9:1	NUM
ftr-365	19	8	c.	c.	NOUN
ftr-365	19	9	taxation	taxation	NOUN
ftr-365	19	10	of	of	ADP
ftr-365	19	11	derivative	derivative	ADJ
ftr-365	19	12	transactions	transaction	NOUN
ftr-365	19	13	..........................................	..........................................	PUNCT
ftr-365	20	1	37	37	NUM
ftr-365	20	2	1	1	NUM
ftr-365	20	3	.	.	PUNCT
ftr-365	20	4	overview	overview	NOUN
ftr-365	20	5	........................................................................	........................................................................	PUNCT
ftr-365	20	6	37	37	NUM
ftr-365	20	7	2	2	NUM
ftr-365	20	8	.	.	PUNCT
ftr-365	20	9	risk	risk	NOUN
ftr-365	20	10	management	management	NOUN
ftr-365	20	11	and	and	CCONJ
ftr-365	20	12	hedging	hedging	NOUN
ftr-365	20	13	.....................................	.....................................	PUNCT
ftr-365	21	1	41	41	NUM
ftr-365	21	2	3	3	NUM
ftr-365	21	3	.	.	PUNCT
ftr-365	21	4	cross	cross	ADJ
ftr-365	21	5	-	-	ADJ
ftr-365	21	6	border	border	ADJ
ftr-365	21	7	aspects	aspect	NOUN
ftr-365	21	8	of	of	ADP
ftr-365	21	9	derivatives	derivative	NOUN
ftr-365	21	10	.............................	.............................	PUNCT
ftr-365	22	1	43	43	NUM
ftr-365	22	2	4	4	NUM
ftr-365	22	3	.	.	PUNCT
ftr-365	22	4	taxation	taxation	NOUN
ftr-365	22	5	of	of	ADP
ftr-365	22	6	cross	cross	ADJ
ftr-365	22	7	-	-	ADJ
ftr-365	22	8	border	border	ADJ
ftr-365	22	9	derivatives	derivative	NOUN
ftr-365	22	10	under	under	ADP
ftr-365	22	11	treaties	treaty	NOUN
ftr-365	22	12	...................................................................	...................................................................	PUNCT
ftr-365	22	13	51	51	NUM
ftr-365	22	14	d.	d.	NOUN
ftr-365	22	15	investing	investing	NOUN
ftr-365	22	16	and	and	CCONJ
ftr-365	22	17	trading	trading	NOUN
ftr-365	22	18	in	in	ADP
ftr-365	22	19	securities	security	NOUN
ftr-365	22	20	............................................	............................................	PUNCT
ftr-365	23	1	53	53	NUM
ftr-365	23	2	e.	e.	PROPN
ftr-365	23	3	credit	credit	NOUN
ftr-365	23	4	default	default	NOUN
ftr-365	23	5	swaps	swap	NOUN
ftr-365	23	6	(	(	PUNCT
ftr-365	23	7	cdss	cdss	NOUN
ftr-365	23	8	)	)	PUNCT
ftr-365	23	9	.....................................................	.....................................................	PUNCT
ftr-365	24	1	56	56	NUM
ftr-365	24	2	iv	iv	NOUN
ftr-365	24	3	.	.	PUNCT
ftr-365	24	4	harmful	harmful	ADJ
ftr-365	24	5	tax	tax	NOUN
ftr-365	24	6	competition	competition	NOUN
ftr-365	24	7	............................................................	............................................................	PUNCT
ftr-365	24	8	58	58	NUM
ftr-365	24	9	a.	a.	NOUN
ftr-365	24	10	overview	overview	NOUN
ftr-365	24	11	.....................................................................................	.....................................................................................	PUNCT
ftr-365	25	1	58	58	NUM
ftr-365	25	2	b.	b.	NOUN
ftr-365	25	3	the	the	DET
ftr-365	25	4	oecd	oecd	PROPN
ftr-365	25	5	project	project	NOUN
ftr-365	25	6	on	on	ADP
ftr-365	25	7	harmful	harmful	ADJ
ftr-365	25	8	tax	tax	NOUN
ftr-365	25	9	competition	competition	NOUN
ftr-365	25	10	.......................	.......................	PUNCT
ftr-365	26	1	58	58	NUM
ftr-365	26	2	1	1	X
ftr-365	26	3	.	.	PUNCT
ftr-365	26	4	general	general	ADJ
ftr-365	26	5	..........................................................................	..........................................................................	PUNCT
ftr-365	26	6	58	58	NUM
ftr-365	26	7	2	2	NUM
ftr-365	26	8	.	.	PUNCT
ftr-365	26	9	tax	tax	NOUN
ftr-365	26	10	havens	haven	NOUN
ftr-365	26	11	.....................................................................	.....................................................................	PUNCT
ftr-365	26	12	61	61	NUM
ftr-365	26	13	3	3	NUM
ftr-365	26	14	.	.	PUNCT
ftr-365	26	15	potentially	potentially	ADV
ftr-365	26	16	harmful	harmful	ADJ
ftr-365	26	17	preferential	preferential	ADJ
ftr-365	26	18	tax	tax	NOUN
ftr-365	26	19	regimes	regime	NOUN
ftr-365	26	20	..............	..............	PUNCT
ftr-365	26	21	61	61	NUM
ftr-365	26	22	4	4	NUM
ftr-365	26	23	.	.	PUNCT
ftr-365	27	1	the	the	DET
ftr-365	27	2	oecd	oecd	PROPN
ftr-365	27	3	follow	follow	VERB
ftr-365	27	4	-	-	PUNCT
ftr-365	27	5	up	up	ADP
ftr-365	27	6	report	report	NOUN
ftr-365	27	7	(	(	PUNCT
ftr-365	27	8	2000	2000	NUM
ftr-365	27	9	)	)	PUNCT
ftr-365	27	10	.............................	.............................	PUNCT
ftr-365	28	1	63	63	NUM
ftr-365	28	2	c.	c.	PROPN
ftr-365	28	3	summary	summary	NOUN
ftr-365	28	4	.....................................................................................	.....................................................................................	PUNCT
ftr-365	29	1	65	65	NUM
ftr-365	30	1	v.	v.	ADP
ftr-365	30	2	conclusion	conclusion	NOUN
ftr-365	30	3	..........................................................................................	..........................................................................................	PUNCT
ftr-365	30	4	66	66	NUM
ftr-365	30	5	2008	2008	NUM
ftr-365	30	6	]	]	PUNCT
ftr-365	30	7	the	the	DET
ftr-365	30	8	case	case	NOUN
ftr-365	30	9	for	for	ADP
ftr-365	30	10	residency	residency	NOUN
ftr-365	30	11	-	-	PUNCT
ftr-365	30	12	based	base	VERB
ftr-365	30	13	taxation	taxation	NOUN
ftr-365	30	14	3	3	NUM
ftr-365	30	15	i.	i.	NOUN
ftr-365	30	16	introduction	introduction	NOUN
ftr-365	30	17	the	the	DET
ftr-365	30	18	globalization	globalization	NOUN
ftr-365	30	19	process	process	NOUN
ftr-365	30	20	does	do	AUX
ftr-365	30	21	not	not	PART
ftr-365	30	22	permit	permit	VERB
ftr-365	30	23	a	a	DET
ftr-365	30	24	country	country	NOUN
ftr-365	30	25	that	that	PRON
ftr-365	30	26	wishes	wish	VERB
ftr-365	30	27	to	to	PART
ftr-365	30	28	be	be	AUX
ftr-365	30	29	involved	involve	VERB
ftr-365	30	30	in	in	ADP
ftr-365	30	31	this	this	DET
ftr-365	30	32	process	process	NOUN
ftr-365	30	33	to	to	PART
ftr-365	30	34	take	take	VERB
ftr-365	30	35	an	an	DET
ftr-365	30	36	independent	independent	ADJ
ftr-365	30	37	stand	stand	NOUN
ftr-365	30	38	in	in	ADP
ftr-365	30	39	choosing	choose	VERB
ftr-365	30	40	its	its	PRON
ftr-365	30	41	tax	tax	NOUN
ftr-365	30	42	system	system	NOUN
ftr-365	30	43	,	,	PUNCT
ftr-365	30	44	especially	especially	ADV
ftr-365	30	45	with	with	ADP
ftr-365	30	46	respect	respect	NOUN
ftr-365	30	47	to	to	ADP
ftr-365	30	48	financial	financial	ADJ
ftr-365	30	49	transactions	transaction	NOUN
ftr-365	30	50	.	.	PUNCT
ftr-365	31	1	1	1	NUM
ftr-365	31	2	choosing	choose	VERB
ftr-365	31	3	tax	tax	NOUN
ftr-365	31	4	rules	rule	NOUN
ftr-365	31	5	that	that	PRON
ftr-365	31	6	are	be	AUX
ftr-365	31	7	unacceptable	unacceptable	ADJ
ftr-365	31	8	in	in	ADP
ftr-365	31	9	the	the	DET
ftr-365	31	10	world	world	NOUN
ftr-365	31	11	’s	’s	PART
ftr-365	31	12	leading	lead	VERB
ftr-365	31	13	countries	country	NOUN
ftr-365	31	14	could	could	AUX
ftr-365	31	15	adversely	adversely	ADV
ftr-365	31	16	affect	affect	VERB
ftr-365	31	17	an	an	DET
ftr-365	31	18	economy	economy	NOUN
ftr-365	31	19	’s	’s	PART
ftr-365	31	20	competitiveness	competitiveness	NOUN
ftr-365	31	21	in	in	ADP
ftr-365	31	22	the	the	DET
ftr-365	31	23	world	world	NOUN
ftr-365	31	24	’s	’s	PART
ftr-365	31	25	capital	capital	NOUN
ftr-365	31	26	markets	market	NOUN
ftr-365	31	27	.	.	PUNCT
ftr-365	32	1	2	2	NUM
ftr-365	32	2	the	the	DET
ftr-365	32	3	growth	growth	NOUN
ftr-365	32	4	in	in	ADP
ftr-365	32	5	international	international	ADJ
ftr-365	32	6	capital	capital	NOUN
ftr-365	32	7	movements	movement	NOUN
ftr-365	32	8	is	be	AUX
ftr-365	32	9	a	a	DET
ftr-365	32	10	contributory	contributory	ADJ
ftr-365	32	11	factor	factor	NOUN
ftr-365	32	12	in	in	ADP
ftr-365	32	13	this	this	DET
ftr-365	32	14	respect	respect	NOUN
ftr-365	32	15	.	.	PUNCT
ftr-365	32	16	3	3	NUM
ftr-365	32	17	in	in	ADP
ftr-365	32	18	1923	1923	NUM
ftr-365	32	19	,	,	PUNCT
ftr-365	32	20	a	a	DET
ftr-365	32	21	committee	committee	NOUN
ftr-365	32	22	comprised	comprise	VERB
ftr-365	32	23	of	of	ADP
ftr-365	32	24	four	four	NUM
ftr-365	32	25	economists	economist	NOUN
ftr-365	32	26	submitted	submit	VERB
ftr-365	32	27	a	a	DET
ftr-365	32	28	report	report	NOUN
ftr-365	32	29	to	to	ADP
ftr-365	32	30	the	the	DET
ftr-365	32	31	league	league	NOUN
ftr-365	32	32	of	of	ADP
ftr-365	32	33	nations	nation	NOUN
ftr-365	32	34	that	that	PRON
ftr-365	32	35	set	set	VERB
ftr-365	32	36	forth	forth	ADP
ftr-365	32	37	the	the	DET
ftr-365	32	38	basic	basic	ADJ
ftr-365	32	39	principles	principle	NOUN
ftr-365	32	40	underlying	underlie	VERB
ftr-365	32	41	international	international	ADJ
ftr-365	32	42	tax	tax	NOUN
ftr-365	32	43	principles	principle	NOUN
ftr-365	32	44	,	,	PUNCT
ftr-365	32	45	most	most	ADJ
ftr-365	32	46	of	of	ADP
ftr-365	32	47	which	which	PRON
ftr-365	32	48	still	still	ADV
ftr-365	32	49	prevail	prevail	VERB
ftr-365	32	50	today	today	NOUN
ftr-365	32	51	.	.	PUNCT
ftr-365	33	1	4	4	NUM
ftr-365	34	1	upon	upon	SCONJ
ftr-365	34	2	the	the	DET
ftr-365	34	3	issuance	issuance	NOUN
ftr-365	34	4	of	of	ADP
ftr-365	34	5	the	the	DET
ftr-365	34	6	league	league	PROPN
ftr-365	34	7	of	of	ADP
ftr-365	34	8	nations	nation	NOUN
ftr-365	34	9	report	report	NOUN
ftr-365	34	10	in	in	ADP
ftr-365	34	11	1923	1923	NUM
ftr-365	34	12	,	,	PUNCT
ftr-365	34	13	two	two	NUM
ftr-365	34	14	generally	generally	ADV
ftr-365	34	15	recognized	recognize	VERB
ftr-365	34	16	regimes	regime	NOUN
ftr-365	34	17	for	for	ADP
ftr-365	34	18	1	1	NUM
ftr-365	34	19	.	.	PUNCT
ftr-365	35	1	see	see	VERB
ftr-365	35	2	harmful	harmful	ADJ
ftr-365	35	3	tax	tax	NOUN
ftr-365	35	4	competition	competition	NOUN
ftr-365	35	5	:	:	PUNCT
ftr-365	35	6	an	an	DET
ftr-365	35	7	emerging	emerge	VERB
ftr-365	35	8	global	global	ADJ
ftr-365	35	9	issue	issue	NOUN
ftr-365	35	10	(	(	PUNCT
ftr-365	35	11	1998	1998	NUM
ftr-365	35	12	)	)	PUNCT
ftr-365	35	13	,	,	PUNCT
ftr-365	35	14	¶	¶	PROPN
ftr-365	35	15	21	21	NUM
ftr-365	36	1	[	[	X
ftr-365	36	2	hereinafter	hereinafter	NOUN
ftr-365	36	3	“	"	PUNCT
ftr-365	36	4	oecd	oecd	PROPN
ftr-365	36	5	report	report	NOUN
ftr-365	36	6	(	(	PUNCT
ftr-365	36	7	1998	1998	NUM
ftr-365	36	8	)	)	PUNCT
ftr-365	36	9	”	"	PUNCT
ftr-365	36	10	]	]	PUNCT
ftr-365	36	11	(	(	PUNCT
ftr-365	36	12	“	"	PUNCT
ftr-365	36	13	globalization	globalization	NOUN
ftr-365	36	14	has	have	AUX
ftr-365	36	15	also	also	ADV
ftr-365	36	16	been	be	AUX
ftr-365	36	17	one	one	NUM
ftr-365	36	18	of	of	ADP
ftr-365	36	19	the	the	DET
ftr-365	36	20	driving	drive	VERB
ftr-365	36	21	forces	force	NOUN
ftr-365	36	22	behind	behind	ADP
ftr-365	36	23	tax	tax	NOUN
ftr-365	36	24	reforms	reform	NOUN
ftr-365	36	25	,	,	PUNCT
ftr-365	36	26	which	which	PRON
ftr-365	36	27	have	have	AUX
ftr-365	36	28	focused	focus	VERB
ftr-365	36	29	on	on	ADP
ftr-365	36	30	base	base	NOUN
ftr-365	36	31	broadening	broadening	NOUN
ftr-365	36	32	and	and	CCONJ
ftr-365	36	33	rate	rate	NOUN
ftr-365	36	34	reductions	reduction	NOUN
ftr-365	36	35	,	,	PUNCT
ftr-365	36	36	thereby	thereby	ADV
ftr-365	36	37	minimizing	minimize	VERB
ftr-365	36	38	tax	tax	NOUN
ftr-365	36	39	induced	induce	VERB
ftr-365	36	40	distortions	distortion	NOUN
ftr-365	36	41	.	.	PUNCT
ftr-365	37	1	globalization	globalization	NOUN
ftr-365	37	2	has	have	AUX
ftr-365	37	3	also	also	ADV
ftr-365	37	4	encouraged	encourage	VERB
ftr-365	37	5	countries	country	NOUN
ftr-365	37	6	to	to	PART
ftr-365	37	7	assess	assess	VERB
ftr-365	37	8	continually	continually	ADV
ftr-365	37	9	their	their	PRON
ftr-365	37	10	tax	tax	NOUN
ftr-365	37	11	systems	system	NOUN
ftr-365	37	12	and	and	CCONJ
ftr-365	37	13	public	public	ADJ
ftr-365	37	14	expenditures	expenditure	NOUN
ftr-365	37	15	with	with	ADP
ftr-365	37	16	a	a	DET
ftr-365	37	17	view	view	NOUN
ftr-365	37	18	to	to	ADP
ftr-365	37	19	making	make	VERB
ftr-365	37	20	adjustments	adjustment	NOUN
ftr-365	37	21	where	where	SCONJ
ftr-365	37	22	appropriate	appropriate	ADJ
ftr-365	37	23	to	to	PART
ftr-365	37	24	improve	improve	VERB
ftr-365	37	25	the	the	DET
ftr-365	37	26	‘	'	PUNCT
ftr-365	37	27	fiscal	fiscal	ADJ
ftr-365	37	28	climate	climate	NOUN
ftr-365	37	29	’	'	PUNCT
ftr-365	37	30	for	for	ADP
ftr-365	37	31	investment	investment	NOUN
ftr-365	37	32	.	.	PUNCT
ftr-365	38	1	globalization	globalization	NOUN
ftr-365	38	2	and	and	CCONJ
ftr-365	38	3	the	the	DET
ftr-365	38	4	increased	increase	VERB
ftr-365	38	5	mobility	mobility	NOUN
ftr-365	38	6	of	of	ADP
ftr-365	38	7	capital	capital	NOUN
ftr-365	38	8	has	have	AUX
ftr-365	38	9	also	also	ADV
ftr-365	38	10	promoted	promote	VERB
ftr-365	38	11	the	the	DET
ftr-365	38	12	development	development	NOUN
ftr-365	38	13	of	of	ADP
ftr-365	38	14	capital	capital	NOUN
ftr-365	38	15	and	and	CCONJ
ftr-365	38	16	financial	financial	ADJ
ftr-365	38	17	markets	market	NOUN
ftr-365	38	18	and	and	CCONJ
ftr-365	38	19	has	have	AUX
ftr-365	38	20	encouraged	encourage	VERB
ftr-365	38	21	countries	country	NOUN
ftr-365	38	22	to	to	PART
ftr-365	38	23	reduce	reduce	VERB
ftr-365	38	24	tax	tax	NOUN
ftr-365	38	25	barriers	barrier	NOUN
ftr-365	38	26	to	to	ADP
ftr-365	38	27	capital	capital	NOUN
ftr-365	38	28	flows	flow	NOUN
ftr-365	38	29	and	and	CCONJ
ftr-365	38	30	to	to	PART
ftr-365	38	31	modernize	modernize	VERB
ftr-365	38	32	their	their	PRON
ftr-365	38	33	tax	tax	NOUN
ftr-365	38	34	systems	system	NOUN
ftr-365	38	35	to	to	PART
ftr-365	38	36	reflect	reflect	VERB
ftr-365	38	37	these	these	DET
ftr-365	38	38	developments	development	NOUN
ftr-365	38	39	.	.	PUNCT
ftr-365	39	1	many	many	ADJ
ftr-365	39	2	of	of	ADP
ftr-365	39	3	these	these	DET
ftr-365	39	4	reforms	reform	NOUN
ftr-365	39	5	have	have	AUX
ftr-365	39	6	also	also	ADV
ftr-365	39	7	addressed	address	VERB
ftr-365	39	8	the	the	DET
ftr-365	39	9	need	need	NOUN
ftr-365	39	10	to	to	PART
ftr-365	39	11	adapt	adapt	VERB
ftr-365	39	12	tax	tax	NOUN
ftr-365	39	13	systems	system	NOUN
ftr-365	39	14	to	to	ADP
ftr-365	39	15	this	this	DET
ftr-365	39	16	new	new	ADJ
ftr-365	39	17	global	global	ADJ
ftr-365	39	18	environment	environment	NOUN
ftr-365	39	19	.	.	PUNCT
ftr-365	39	20	”	"	PUNCT
ftr-365	39	21	)	)	PUNCT
ftr-365	39	22	.	.	PUNCT
ftr-365	40	1	2	2	X
ftr-365	40	2	.	.	X
ftr-365	40	3	i	i	PRON
ftr-365	40	4	d.	d.	PROPN
ftr-365	40	5	¶	¶	PROPN
ftr-365	40	6	22	22	NUM
ftr-365	40	7	(	(	PUNCT
ftr-365	40	8	“	"	PUNCT
ftr-365	40	9	the	the	DET
ftr-365	40	10	process	process	NOUN
ftr-365	40	11	of	of	ADP
ftr-365	40	12	globalisation	globalisation	NOUN
ftr-365	40	13	has	have	AUX
ftr-365	40	14	led	lead	VERB
ftr-365	40	15	to	to	ADP
ftr-365	40	16	increased	increase	VERB
ftr-365	40	17	competition	competition	NOUN
ftr-365	40	18	among	among	ADP
ftr-365	40	19	businesses	business	NOUN
ftr-365	40	20	in	in	ADP
ftr-365	40	21	the	the	DET
ftr-365	40	22	global	global	ADJ
ftr-365	40	23	market	market	NOUN
ftr-365	40	24	place	place	NOUN
ftr-365	40	25	.	.	PUNCT
ftr-365	40	26	”	"	PUNCT
ftr-365	40	27	)	)	PUNCT
ftr-365	40	28	.	.	PUNCT
ftr-365	41	1	3	3	X
ftr-365	41	2	.	.	X
ftr-365	41	3	see	see	VERB
ftr-365	41	4	reuven	reuven	PROPN
ftr-365	41	5	s.	s.	PROPN
ftr-365	41	6	avi	avi	PROPN
ftr-365	41	7	-	-	PUNCT
ftr-365	41	8	yonah	yonah	ADJ
ftr-365	41	9	,	,	PUNCT
ftr-365	41	10	globalization	globalization	NOUN
ftr-365	41	11	,	,	PUNCT
ftr-365	41	12	tax	tax	NOUN
ftr-365	41	13	competition	competition	NOUN
ftr-365	41	14	,	,	PUNCT
ftr-365	41	15	and	and	CCONJ
ftr-365	41	16	the	the	DET
ftr-365	41	17	fiscal	fiscal	ADJ
ftr-365	41	18	crisis	crisis	NOUN
ftr-365	41	19	of	of	ADP
ftr-365	41	20	the	the	DET
ftr-365	41	21	welfare	welfare	NOUN
ftr-365	41	22	state	state	NOUN
ftr-365	41	23	,	,	PUNCT
ftr-365	41	24	113	113	NUM
ftr-365	41	25	harv	harv	NOUN
ftr-365	41	26	.	.	PUNCT
ftr-365	42	1	l.	l.	PROPN
ftr-365	42	2	rev	rev	PROPN
ftr-365	42	3	.	.	PROPN
ftr-365	42	4	1573	1573	NUM
ftr-365	42	5	,	,	PUNCT
ftr-365	42	6	1575	1575	NUM
ftr-365	42	7	-	-	SYM
ftr-365	42	8	76	76	NUM
ftr-365	42	9	(	(	PUNCT
ftr-365	42	10	2000	2000	NUM
ftr-365	42	11	)	)	PUNCT
ftr-365	42	12	(	(	PUNCT
ftr-365	42	13	“	"	PUNCT
ftr-365	42	14	the	the	DET
ftr-365	42	15	mobility	mobility	NOUN
ftr-365	42	16	of	of	ADP
ftr-365	42	17	capital	capital	NOUN
ftr-365	42	18	has	have	AUX
ftr-365	42	19	resulted	result	VERB
ftr-365	42	20	in	in	ADP
ftr-365	42	21	international	international	ADJ
ftr-365	42	22	tax	tax	NOUN
ftr-365	42	23	competition	competition	NOUN
ftr-365	42	24	,	,	PUNCT
ftr-365	42	25	in	in	ADP
ftr-365	42	26	which	which	PRON
ftr-365	42	27	sovereign	sovereign	ADJ
ftr-365	42	28	countries	country	NOUN
ftr-365	42	29	aim	aim	VERB
ftr-365	42	30	to	to	PART
ftr-365	42	31	attract	attract	VERB
ftr-365	42	32	both	both	DET
ftr-365	42	33	portfolio	portfolio	NOUN
ftr-365	42	34	and	and	CCONJ
ftr-365	42	35	direct	direct	ADJ
ftr-365	42	36	investment	investment	NOUN
ftr-365	42	37	by	by	ADP
ftr-365	42	38	lowering	lower	VERB
ftr-365	42	39	their	their	PRON
ftr-365	42	40	tax	tax	NOUN
ftr-365	42	41	rates	rate	NOUN
ftr-365	42	42	on	on	ADP
ftr-365	42	43	income	income	NOUN
ftr-365	42	44	earned	earn	VERB
ftr-365	42	45	by	by	ADP
ftr-365	42	46	foreigners	foreigner	NOUN
ftr-365	42	47	.	.	PUNCT
ftr-365	42	48	”	"	PUNCT
ftr-365	42	49	)	)	PUNCT
ftr-365	42	50	;	;	PUNCT
ftr-365	42	51	chris	chris	PROPN
ftr-365	42	52	edwards	edwards	PROPN
ftr-365	42	53	&	&	CCONJ
ftr-365	42	54	veronique	veronique	PROPN
ftr-365	42	55	de	de	PROPN
ftr-365	42	56	rugy	rugy	PROPN
ftr-365	42	57	,	,	PUNCT
ftr-365	42	58	international	international	ADJ
ftr-365	42	59	tax	tax	NOUN
ftr-365	42	60	competition	competition	NOUN
ftr-365	42	61	:	:	PUNCT
ftr-365	42	62	a	a	DET
ftr-365	42	63	21st	21st	ADJ
ftr-365	42	64	-	-	PUNCT
ftr-365	42	65	century	century	NOUN
ftr-365	42	66	restraint	restraint	NOUN
ftr-365	42	67	on	on	ADP
ftr-365	42	68	government	government	NOUN
ftr-365	42	69	,	,	PUNCT
ftr-365	42	70	27	27	NUM
ftr-365	42	71	tax	tax	NOUN
ftr-365	42	72	notes	note	NOUN
ftr-365	42	73	int’l	int’l	PRON
ftr-365	42	74	63	63	NUM
ftr-365	42	75	,	,	PUNCT
ftr-365	42	76	66	66	NUM
ftr-365	42	77	-	-	SYM
ftr-365	42	78	67	67	NUM
ftr-365	42	79	(	(	PUNCT
ftr-365	42	80	2002	2002	NUM
ftr-365	42	81	)	)	PUNCT
ftr-365	42	82	(	(	PUNCT
ftr-365	42	83	“	"	PUNCT
ftr-365	42	84	world	world	NOUN
ftr-365	42	85	economies	economy	NOUN
ftr-365	42	86	have	have	AUX
ftr-365	42	87	become	become	VERB
ftr-365	42	88	more	more	ADV
ftr-365	42	89	tightly	tightly	ADV
ftr-365	42	90	integrated	integrate	VERB
ftr-365	42	91	in	in	ADP
ftr-365	42	92	recent	recent	ADJ
ftr-365	42	93	decades	decade	NOUN
ftr-365	42	94	.	.	PUNCT
ftr-365	43	1	rapid	rapid	ADJ
ftr-365	43	2	growth	growth	NOUN
ftr-365	43	3	in	in	ADP
ftr-365	43	4	cross	cross	ADJ
ftr-365	43	5	-	-	ADJ
ftr-365	43	6	border	border	ADJ
ftr-365	43	7	investment	investment	NOUN
ftr-365	43	8	has	have	AUX
ftr-365	43	9	been	be	AUX
ftr-365	43	10	a	a	DET
ftr-365	43	11	key	key	ADJ
ftr-365	43	12	dimension	dimension	NOUN
ftr-365	43	13	of	of	ADP
ftr-365	43	14	that	that	DET
ftr-365	43	15	integration	integration	NOUN
ftr-365	43	16	.	.	PUNCT
ftr-365	44	1	in	in	ADP
ftr-365	44	2	past	past	ADJ
ftr-365	44	3	decades	decade	NOUN
ftr-365	44	4	,	,	PUNCT
ftr-365	44	5	many	many	ADJ
ftr-365	44	6	countries	country	NOUN
ftr-365	44	7	erected	erect	VERB
ftr-365	44	8	barriers	barrier	NOUN
ftr-365	44	9	to	to	ADP
ftr-365	44	10	foreign	foreign	ADJ
ftr-365	44	11	investment	investment	NOUN
ftr-365	44	12	,	,	PUNCT
ftr-365	44	13	but	but	CCONJ
ftr-365	44	14	today	today	NOUN
ftr-365	44	15	most	most	ADJ
ftr-365	44	16	countries	country	NOUN
ftr-365	44	17	realize	realize	VERB
ftr-365	44	18	that	that	SCONJ
ftr-365	44	19	foreign	foreign	ADJ
ftr-365	44	20	investment	investment	NOUN
ftr-365	44	21	means	mean	VERB
ftr-365	44	22	new	new	ADJ
ftr-365	44	23	jobs	job	NOUN
ftr-365	44	24	,	,	PUNCT
ftr-365	44	25	new	new	ADJ
ftr-365	44	26	factories	factory	NOUN
ftr-365	44	27	,	,	PUNCT
ftr-365	44	28	and	and	CCONJ
ftr-365	44	29	access	access	NOUN
ftr-365	44	30	to	to	ADP
ftr-365	44	31	leading	leading	ADJ
ftr-365	44	32	-	-	PUNCT
ftr-365	44	33	edge	edge	NOUN
ftr-365	44	34	technology	technology	NOUN
ftr-365	44	35	.	.	PUNCT
ftr-365	45	1	as	as	SCONJ
ftr-365	45	2	a	a	DET
ftr-365	45	3	result	result	NOUN
ftr-365	45	4	governments	government	NOUN
ftr-365	45	5	have	have	AUX
ftr-365	45	6	removed	remove	VERB
ftr-365	45	7	the	the	DET
ftr-365	45	8	shackles	shackle	NOUN
ftr-365	45	9	they	they	PRON
ftr-365	45	10	once	once	ADV
ftr-365	45	11	placed	place	VERB
ftr-365	45	12	on	on	ADP
ftr-365	45	13	international	international	ADJ
ftr-365	45	14	investment	investment	NOUN
ftr-365	45	15	flows	flow	NOUN
ftr-365	45	16	.	.	PUNCT
ftr-365	45	17	”	"	PUNCT
ftr-365	45	18	)	)	PUNCT
ftr-365	45	19	.	.	PUNCT
ftr-365	46	1	4	4	X
ftr-365	46	2	.	.	X
ftr-365	46	3	see	see	VERB
ftr-365	46	4	report	report	NOUN
ftr-365	46	5	on	on	ADP
ftr-365	46	6	double	double	ADJ
ftr-365	46	7	taxation	taxation	NOUN
ftr-365	46	8	,	,	PUNCT
ftr-365	46	9	submitted	submit	VERB
ftr-365	46	10	to	to	ADP
ftr-365	46	11	the	the	DET
ftr-365	46	12	financial	financial	ADJ
ftr-365	46	13	committee	committee	NOUN
ftr-365	46	14	by	by	ADP
ftr-365	46	15	professors	professor	NOUN
ftr-365	46	16	bruins	bruin	NOUN
ftr-365	46	17	,	,	PUNCT
ftr-365	46	18	einaudi	einaudi	NOUN
ftr-365	46	19	,	,	PUNCT
ftr-365	46	20	seligman	seligman	NOUN
ftr-365	46	21	,	,	PUNCT
ftr-365	46	22	and	and	CCONJ
ftr-365	46	23	sir	sir	PROPN
ftr-365	46	24	josiah	josiah	PROPN
ftr-365	46	25	stamp	stamp	PROPN
ftr-365	46	26	,	,	PUNCT
ftr-365	46	27	league	league	PROPN
ftr-365	46	28	of	of	ADP
ftr-365	46	29	nations	nations	PROPN
ftr-365	46	30	doc	doc	PROPN
ftr-365	46	31	.	.	PUNCT
ftr-365	47	1	no	no	INTJ
ftr-365	47	2	.	.	PUNCT
ftr-365	48	1	e.f.s	e.f.s	NOUN
ftr-365	48	2	.	.	PUNCT
ftr-365	49	1	73.f.19	73.f.19	NUM
ftr-365	49	2	,	,	PUNCT
ftr-365	49	3	40	40	NUM
ftr-365	49	4	(	(	PUNCT
ftr-365	49	5	1923	1923	NUM
ftr-365	49	6	)	)	PUNCT
ftr-365	50	1	[	[	X
ftr-365	50	2	hereinafter	hereinafter	NOUN
ftr-365	50	3	“	"	PUNCT
ftr-365	50	4	league	league	NOUN
ftr-365	50	5	of	of	ADP
ftr-365	50	6	nations	nation	NOUN
ftr-365	50	7	report	report	NOUN
ftr-365	50	8	(	(	PUNCT
ftr-365	50	9	1923	1923	NUM
ftr-365	50	10	)	)	PUNCT
ftr-365	50	11	”	"	PUNCT
ftr-365	50	12	]	]	PUNCT
ftr-365	50	13	.	.	PUNCT
ftr-365	51	1	professor	professor	PROPN
ftr-365	51	2	hugh	hugh	PROPN
ftr-365	51	3	ault	ault	PROPN
ftr-365	51	4	defines	define	VERB
ftr-365	51	5	this	this	DET
ftr-365	51	6	report	report	NOUN
ftr-365	51	7	as	as	ADP
ftr-365	51	8	“	"	PUNCT
ftr-365	51	9	the	the	DET
ftr-365	51	10	intellectual	intellectual	ADJ
ftr-365	51	11	base	base	NOUN
ftr-365	51	12	from	from	ADP
ftr-365	51	13	which	which	PRON
ftr-365	51	14	modern	modern	ADJ
ftr-365	51	15	treaties	treaty	NOUN
ftr-365	51	16	developed	develop	VERB
ftr-365	51	17	.	.	PUNCT
ftr-365	51	18	”	"	PUNCT
ftr-365	52	1	see	see	VERB
ftr-365	52	2	hugh	hugh	PROPN
ftr-365	52	3	j.	j.	PROPN
ftr-365	52	4	ault	ault	PROPN
ftr-365	52	5	,	,	PUNCT
ftr-365	52	6	colloquium	colloquium	NOUN
ftr-365	52	7	on	on	ADP
ftr-365	52	8	corporate	corporate	ADJ
ftr-365	52	9	integration	integration	NOUN
ftr-365	52	10	:	:	PUNCT
ftr-365	52	11	corporate	corporate	ADJ
ftr-365	52	12	integration	integration	NOUN
ftr-365	52	13	,	,	PUNCT
ftr-365	52	14	tax	tax	NOUN
ftr-365	52	15	treaties	treaty	NOUN
ftr-365	52	16	and	and	CCONJ
ftr-365	52	17	the	the	DET
ftr-365	52	18	division	division	NOUN
ftr-365	52	19	of	of	ADP
ftr-365	52	20	the	the	DET
ftr-365	52	21	international	international	ADJ
ftr-365	52	22	tax	tax	NOUN
ftr-365	52	23	base	base	NOUN
ftr-365	52	24	:	:	PUNCT
ftr-365	52	25	principles	principle	NOUN
ftr-365	52	26	and	and	CCONJ
ftr-365	52	27	practices	practice	NOUN
ftr-365	52	28	,	,	PUNCT
ftr-365	52	29	47	47	NUM
ftr-365	52	30	tax	tax	NOUN
ftr-365	52	31	l.	l.	PROPN
ftr-365	52	32	rev	rev	PROPN
ftr-365	52	33	.	.	PROPN
ftr-365	52	34	565	565	NUM
ftr-365	52	35	(	(	PUNCT
ftr-365	52	36	1992	1992	NUM
ftr-365	52	37	)	)	PUNCT
ftr-365	52	38	.	.	PUNCT
ftr-365	53	1	4	4	NUM
ftr-365	53	2	florida	florida	PROPN
ftr-365	53	3	tax	tax	NOUN
ftr-365	53	4	review	review	NOUN
ftr-365	53	5	[	[	X
ftr-365	53	6	vol	vol	NOUN
ftr-365	53	7	.	.	PUNCT
ftr-365	54	1	9:1	9:1	NUM
ftr-365	54	2	international	international	ADJ
ftr-365	54	3	tax	tax	NOUN
ftr-365	54	4	have	have	AUX
ftr-365	54	5	emerged	emerge	VERB
ftr-365	54	6	–	–	PUNCT
ftr-365	54	7	residency	residency	NOUN
ftr-365	54	8	(	(	PUNCT
ftr-365	54	9	or	or	CCONJ
ftr-365	54	10	global	global	ADJ
ftr-365	54	11	)	)	PUNCT
ftr-365	54	12	and	and	CCONJ
ftr-365	54	13	source	source	NOUN
ftr-365	54	14	(	(	PUNCT
ftr-365	54	15	or	or	CCONJ
ftr-365	54	16	territorial	territorial	ADJ
ftr-365	54	17	)	)	PUNCT
ftr-365	54	18	.	.	PUNCT
ftr-365	55	1	5	5	NUM
ftr-365	55	2	in	in	ADP
ftr-365	55	3	a	a	DET
ftr-365	55	4	residency	residency	NOUN
ftr-365	55	5	-	-	PUNCT
ftr-365	55	6	based	base	VERB
ftr-365	55	7	tax	tax	NOUN
ftr-365	55	8	regime	regime	NOUN
ftr-365	55	9	,	,	PUNCT
ftr-365	55	10	residents	resident	NOUN
ftr-365	55	11	are	be	AUX
ftr-365	55	12	taxed	tax	VERB
ftr-365	55	13	on	on	ADP
ftr-365	55	14	their	their	PRON
ftr-365	55	15	worldwide	worldwide	ADJ
ftr-365	55	16	income	income	NOUN
ftr-365	55	17	.	.	PUNCT
ftr-365	56	1	6	6	NUM
ftr-365	56	2	in	in	ADP
ftr-365	56	3	a	a	DET
ftr-365	56	4	territorial	territorial	ADJ
ftr-365	56	5	regime	regime	NOUN
ftr-365	56	6	,	,	PUNCT
ftr-365	56	7	by	by	ADP
ftr-365	56	8	contrast	contrast	NOUN
ftr-365	56	9	,	,	PUNCT
ftr-365	56	10	residents	resident	NOUN
ftr-365	56	11	are	be	AUX
ftr-365	56	12	not	not	PART
ftr-365	56	13	taxed	tax	VERB
ftr-365	56	14	on	on	ADP
ftr-365	56	15	foreign	foreign	ADJ
ftr-365	56	16	source	source	NOUN
ftr-365	56	17	income	income	NOUN
ftr-365	56	18	,	,	PUNCT
ftr-365	56	19	and	and	CCONJ
ftr-365	56	20	foreign	foreign	ADJ
ftr-365	56	21	taxpayers	taxpayer	NOUN
ftr-365	56	22	are	be	AUX
ftr-365	56	23	taxed	tax	VERB
ftr-365	56	24	on	on	ADP
ftr-365	56	25	income	income	NOUN
ftr-365	56	26	generated	generate	VERB
ftr-365	56	27	in	in	ADP
ftr-365	56	28	the	the	DET
ftr-365	56	29	source	source	NOUN
ftr-365	56	30	country	country	NOUN
ftr-365	56	31	.	.	PUNCT
ftr-365	57	1	7	7	NUM
ftr-365	57	2	over	over	ADP
ftr-365	57	3	the	the	DET
ftr-365	57	4	years	year	NOUN
ftr-365	57	5	,	,	PUNCT
ftr-365	57	6	there	there	PRON
ftr-365	57	7	has	have	AUX
ftr-365	57	8	been	be	AUX
ftr-365	57	9	a	a	DET
ftr-365	57	10	significant	significant	ADJ
ftr-365	57	11	degree	degree	NOUN
ftr-365	57	12	of	of	ADP
ftr-365	57	13	convergence	convergence	NOUN
ftr-365	57	14	among	among	ADP
ftr-365	57	15	countries	country	NOUN
ftr-365	57	16	;	;	PUNCT
ftr-365	57	17	as	as	ADP
ftr-365	57	18	of	of	ADP
ftr-365	57	19	today	today	NOUN
ftr-365	57	20	,	,	PUNCT
ftr-365	57	21	most	most	ADJ
ftr-365	57	22	tax	tax	NOUN
ftr-365	57	23	jurisdictions	jurisdiction	NOUN
ftr-365	57	24	,	,	PUNCT
ftr-365	57	25	whether	whether	SCONJ
ftr-365	57	26	developed	develop	VERB
ftr-365	57	27	or	or	CCONJ
ftr-365	57	28	developing	develop	VERB
ftr-365	57	29	,	,	PUNCT
ftr-365	57	30	use	use	VERB
ftr-365	57	31	both	both	PRON
ftr-365	57	32	source	source	NOUN
ftr-365	57	33	and	and	CCONJ
ftr-365	57	34	residence	residence	NOUN
ftr-365	57	35	taxation	taxation	NOUN
ftr-365	57	36	to	to	ADP
ftr-365	57	37	some	some	DET
ftr-365	57	38	extent	extent	NOUN
ftr-365	57	39	.	.	PUNCT
ftr-365	58	1	8	8	NUM
ftr-365	58	2	according	accord	VERB
ftr-365	58	3	to	to	ADP
ftr-365	58	4	professor	professor	NOUN
ftr-365	58	5	reuven	reuven	NOUN
ftr-365	58	6	avi	avi	VERB
ftr-365	58	7	yonah	yonah	PROPN
ftr-365	58	8	,	,	PUNCT
ftr-365	58	9	most	most	ADJ
ftr-365	58	10	countries	country	NOUN
ftr-365	58	11	follow	follow	VERB
ftr-365	58	12	an	an	DET
ftr-365	58	13	“	"	PUNCT
ftr-365	58	14	international	international	ADJ
ftr-365	58	15	tax	tax	NOUN
ftr-365	58	16	regime	regime	NOUN
ftr-365	58	17	”	"	PUNCT
ftr-365	58	18	in	in	ADP
ftr-365	58	19	both	both	CCONJ
ftr-365	58	20	their	their	PRON
ftr-365	58	21	internal	internal	ADJ
ftr-365	58	22	laws	law	NOUN
ftr-365	58	23	and	and	CCONJ
ftr-365	58	24	tax	tax	NOUN
ftr-365	58	25	treaties	treaty	NOUN
ftr-365	58	26	.	.	PUNCT
ftr-365	59	1	9	9	NUM
ftr-365	59	2	the	the	DET
ftr-365	59	3	question	question	NOUN
ftr-365	59	4	addressed	address	VERB
ftr-365	59	5	by	by	ADP
ftr-365	59	6	this	this	DET
ftr-365	59	7	article	article	NOUN
ftr-365	59	8	is	be	AUX
ftr-365	59	9	whether	whether	SCONJ
ftr-365	59	10	a	a	DET
ftr-365	59	11	developing	develop	VERB
ftr-365	59	12	country	country	NOUN
ftr-365	59	13	(	(	PUNCT
ftr-365	59	14	hereinafter	hereinafter	NOUN
ftr-365	59	15	“	"	PUNCT
ftr-365	59	16	country	country	NOUN
ftr-365	59	17	d	d	NOUN
ftr-365	59	18	”	"	PUNCT
ftr-365	59	19	)	)	PUNCT
ftr-365	59	20	is	be	AUX
ftr-365	59	21	better	well	ADJ
ftr-365	59	22	off	off	ADP
ftr-365	59	23	adopting	adopt	VERB
ftr-365	59	24	a	a	DET
ftr-365	59	25	source	source	NOUN
ftr-365	59	26	-	-	PUNCT
ftr-365	59	27	based	base	VERB
ftr-365	59	28	or	or	CCONJ
ftr-365	59	29	residencybased	residencybase	VERB
ftr-365	59	30	taxation	taxation	NOUN
ftr-365	59	31	regime	regime	NOUN
ftr-365	59	32	(	(	PUNCT
ftr-365	59	33	or	or	CCONJ
ftr-365	59	34	a	a	DET
ftr-365	59	35	combination	combination	NOUN
ftr-365	59	36	thereof	thereof	ADV
ftr-365	59	37	)	)	PUNCT
ftr-365	59	38	for	for	ADP
ftr-365	59	39	cross	cross	ADJ
ftr-365	59	40	-	-	ADJ
ftr-365	59	41	border	border	ADJ
ftr-365	59	42	financial	financial	ADJ
ftr-365	59	43	transactions	transaction	NOUN
ftr-365	59	44	.	.	PUNCT
ftr-365	60	1	10	10	NUM
ftr-365	60	2	financial	financial	ADJ
ftr-365	60	3	transactions	transaction	NOUN
ftr-365	60	4	add	add	VERB
ftr-365	60	5	an	an	DET
ftr-365	60	6	important	important	ADJ
ftr-365	60	7	dimension	dimension	NOUN
ftr-365	60	8	to	to	ADP
ftr-365	60	9	the	the	DET
ftr-365	60	10	general	general	ADJ
ftr-365	60	11	conflict	conflict	NOUN
ftr-365	60	12	between	between	ADP
ftr-365	60	13	source	source	NOUN
ftr-365	60	14	-	-	PUNCT
ftr-365	60	15	based	base	VERB
ftr-365	60	16	and	and	CCONJ
ftr-365	60	17	residency	residency	NOUN
ftr-365	60	18	-	-	PUNCT
ftr-365	60	19	based	base	VERB
ftr-365	60	20	regimes	regime	NOUN
ftr-365	60	21	since	since	SCONJ
ftr-365	60	22	money	money	NOUN
ftr-365	60	23	is	be	AUX
ftr-365	60	24	fungible	fungible	ADJ
ftr-365	60	25	.	.	PUNCT
ftr-365	60	26	11	11	NUM
ftr-365	61	1	thus	thus	ADV
ftr-365	61	2	,	,	PUNCT
ftr-365	61	3	when	when	SCONJ
ftr-365	61	4	a	a	DET
ftr-365	61	5	non	non	ADJ
ftr-365	61	6	-	-	ADJ
ftr-365	61	7	resident	resident	ADJ
ftr-365	61	8	wishes	wish	VERB
ftr-365	61	9	to	to	PART
ftr-365	61	10	invest	invest	VERB
ftr-365	61	11	overseas	overseas	ADV
ftr-365	61	12	,	,	PUNCT
ftr-365	61	13	the	the	DET
ftr-365	61	14	investor	investor	NOUN
ftr-365	61	15	can	can	AUX
ftr-365	61	16	easily	easily	ADV
ftr-365	61	17	switch	switch	VERB
ftr-365	61	18	from	from	ADP
ftr-365	61	19	one	one	NUM
ftr-365	61	20	country	country	NOUN
ftr-365	61	21	to	to	ADP
ftr-365	61	22	another	another	PRON
ftr-365	61	23	,	,	PUNCT
ftr-365	61	24	and	and	CCONJ
ftr-365	61	25	will	will	AUX
ftr-365	61	26	do	do	VERB
ftr-365	61	27	so	so	ADV
ftr-365	61	28	if	if	SCONJ
ftr-365	61	29	the	the	DET
ftr-365	61	30	tax	tax	NOUN
ftr-365	61	31	rules	rule	NOUN
ftr-365	61	32	in	in	ADP
ftr-365	61	33	country	country	NOUN
ftr-365	61	34	d	d	NOUN
ftr-365	61	35	could	could	AUX
ftr-365	61	36	result	result	VERB
ftr-365	61	37	in	in	ADP
ftr-365	61	38	a	a	DET
ftr-365	61	39	heavier	heavy	ADJ
ftr-365	61	40	tax	tax	NOUN
ftr-365	61	41	burden	burden	NOUN
ftr-365	61	42	.	.	PUNCT
ftr-365	62	1	12	12	NUM
ftr-365	62	2	5	5	NUM
ftr-365	62	3	.	.	PUNCT
ftr-365	63	1	see	see	VERB
ftr-365	63	2	jeffrey	jeffrey	PROPN
ftr-365	63	3	m.	m.	PROPN
ftr-365	63	4	colon	colon	PROPN
ftr-365	63	5	,	,	PUNCT
ftr-365	63	6	financial	financial	ADJ
ftr-365	63	7	products	product	NOUN
ftr-365	63	8	and	and	CCONJ
ftr-365	63	9	source	source	NOUN
ftr-365	63	10	basis	basis	NOUN
ftr-365	63	11	taxation	taxation	NOUN
ftr-365	63	12	:	:	PUNCT
ftr-365	63	13	u.s	u.s	PROPN
ftr-365	63	14	.	.	PROPN
ftr-365	63	15	international	international	ADJ
ftr-365	63	16	tax	tax	NOUN
ftr-365	63	17	policy	policy	NOUN
ftr-365	63	18	at	at	ADP
ftr-365	63	19	the	the	DET
ftr-365	63	20	crossroads	crossroad	NOUN
ftr-365	63	21	,	,	PUNCT
ftr-365	63	22	1999	1999	NUM
ftr-365	63	23	u.	u.	PROPN
ftr-365	63	24	ill	ill	PROPN
ftr-365	63	25	.	.	PUNCT
ftr-365	64	1	l.	l.	PROPN
ftr-365	64	2	rev	rev	PROPN
ftr-365	64	3	.	.	PROPN
ftr-365	64	4	775	775	NUM
ftr-365	64	5	,	,	PUNCT
ftr-365	64	6	780	780	NUM
ftr-365	64	7	(	(	PUNCT
ftr-365	64	8	1999	1999	NUM
ftr-365	64	9	)	)	PUNCT
ftr-365	64	10	.	.	PUNCT
ftr-365	65	1	6	6	X
ftr-365	65	2	.	.	X
ftr-365	65	3	see	see	VERB
ftr-365	65	4	gregory	gregory	PROPN
ftr-365	65	5	may	may	PROPN
ftr-365	65	6	,	,	PUNCT
ftr-365	65	7	the	the	DET
ftr-365	65	8	u.s	u.s	PROPN
ftr-365	65	9	.	.	PROPN
ftr-365	65	10	taxation	taxation	NOUN
ftr-365	65	11	of	of	ADP
ftr-365	65	12	derivative	derivative	ADJ
ftr-365	65	13	contracts	contract	NOUN
ftr-365	65	14	,	,	PUNCT
ftr-365	65	15	95	95	NUM
ftr-365	65	16	tni	tni	NOUN
ftr-365	65	17	189	189	NUM
ftr-365	65	18	-	-	SYM
ftr-365	65	19	8	8	NUM
ftr-365	65	20	(	(	PUNCT
ftr-365	65	21	this	this	DET
ftr-365	65	22	article	article	NOUN
ftr-365	65	23	is	be	AUX
ftr-365	65	24	an	an	DET
ftr-365	65	25	updated	update	VERB
ftr-365	65	26	version	version	NOUN
ftr-365	65	27	of	of	ADP
ftr-365	65	28	the	the	DET
ftr-365	65	29	national	national	ADJ
ftr-365	65	30	report	report	NOUN
ftr-365	65	31	published	publish	VERB
ftr-365	65	32	in	in	ADP
ftr-365	65	33	85b	85b	NUM
ftr-365	65	34	cahiers	cahier	NOUN
ftr-365	65	35	de	de	X
ftr-365	65	36	droit	droit	PROPN
ftr-365	65	37	fiscal	fiscal	PROPN
ftr-365	65	38	international	international	PROPN
ftr-365	65	39	615	615	NUM
ftr-365	65	40	(	(	PUNCT
ftr-365	65	41	1995	1995	NUM
ftr-365	65	42	)	)	PUNCT
ftr-365	65	43	for	for	ADP
ftr-365	65	44	the	the	DET
ftr-365	65	45	49th	49th	ADJ
ftr-365	65	46	congress	congress	NOUN
ftr-365	65	47	of	of	ADP
ftr-365	65	48	the	the	DET
ftr-365	65	49	international	international	ADJ
ftr-365	65	50	fiscal	fiscal	ADJ
ftr-365	65	51	association	association	NOUN
ftr-365	65	52	on	on	ADP
ftr-365	65	53	september	september	PROPN
ftr-365	65	54	17	17	NUM
ftr-365	65	55	-	-	SYM
ftr-365	65	56	21	21	NUM
ftr-365	65	57	,	,	PUNCT
ftr-365	65	58	1995	1995	NUM
ftr-365	65	59	)	)	PUNCT
ftr-365	65	60	.	.	PUNCT
ftr-365	66	1	7	7	X
ftr-365	66	2	.	.	X
ftr-365	66	3	i	i	PRON
ftr-365	66	4	d.	d.	PROPN
ftr-365	66	5	see	see	AUX
ftr-365	66	6	also	also	ADV
ftr-365	66	7	generally	generally	ADV
ftr-365	66	8	reuven	reuven	VERB
ftr-365	66	9	s.	s.	PROPN
ftr-365	66	10	avi	avi	PROPN
ftr-365	66	11	-	-	PUNCT
ftr-365	66	12	yonah	yonah	PROPN
ftr-365	66	13	,	,	PUNCT
ftr-365	66	14	the	the	DET
ftr-365	66	15	structure	structure	NOUN
ftr-365	66	16	of	of	ADP
ftr-365	66	17	international	international	ADJ
ftr-365	66	18	taxation	taxation	NOUN
ftr-365	66	19	:	:	PUNCT
ftr-365	66	20	a	a	DET
ftr-365	66	21	proposal	proposal	NOUN
ftr-365	66	22	for	for	ADP
ftr-365	66	23	simplification	simplification	NOUN
ftr-365	66	24	,	,	PUNCT
ftr-365	66	25	74	74	NUM
ftr-365	66	26	tex	tex	PROPN
ftr-365	66	27	.	.	PROPN
ftr-365	66	28	l.	l.	PROPN
ftr-365	66	29	rev	rev	PROPN
ftr-365	66	30	.	.	PROPN
ftr-365	66	31	1301	1301	NUM
ftr-365	66	32	(	(	PUNCT
ftr-365	66	33	1996	1996	NUM
ftr-365	66	34	)	)	PUNCT
ftr-365	66	35	.	.	PUNCT
ftr-365	67	1	8	8	X
ftr-365	67	2	.	.	X
ftr-365	67	3	see	see	VERB
ftr-365	67	4	avi	avi	NOUN
ftr-365	67	5	-	-	PUNCT
ftr-365	67	6	yonah	yonah	NOUN
ftr-365	67	7	(	(	PUNCT
ftr-365	67	8	1996	1996	NUM
ftr-365	67	9	)	)	PUNCT
ftr-365	67	10	,	,	PUNCT
ftr-365	67	11	supra	supra	PROPN
ftr-365	67	12	note	note	PROPN
ftr-365	67	13	7	7	NUM
ftr-365	67	14	,	,	PUNCT
ftr-365	67	15	at	at	ADP
ftr-365	67	16	1303	1303	NUM
ftr-365	67	17	-	-	SYM
ftr-365	67	18	05	05	NUM
ftr-365	67	19	(	(	PUNCT
ftr-365	67	20	describing	describe	VERB
ftr-365	67	21	this	this	DET
ftr-365	67	22	process	process	NOUN
ftr-365	67	23	as	as	ADP
ftr-365	67	24	the	the	DET
ftr-365	67	25	creation	creation	NOUN
ftr-365	67	26	of	of	ADP
ftr-365	67	27	an	an	DET
ftr-365	67	28	“	"	PUNCT
ftr-365	67	29	international	international	ADJ
ftr-365	67	30	tax	tax	NOUN
ftr-365	67	31	regime	regime	NOUN
ftr-365	67	32	.	.	PUNCT
ftr-365	67	33	”	"	PUNCT
ftr-365	67	34	)	)	PUNCT
ftr-365	67	35	.	.	PUNCT
ftr-365	68	1	9	9	X
ftr-365	68	2	.	.	X
ftr-365	69	1	i	i	PRON
ftr-365	69	2	d.	d.	PROPN
ftr-365	69	3	at	at	ADP
ftr-365	69	4	1303	1303	NUM
ftr-365	69	5	(	(	PUNCT
ftr-365	69	6	“	"	PUNCT
ftr-365	69	7	[	[	X
ftr-365	69	8	a	a	X
ftr-365	69	9	]	]	X
ftr-365	69	10	coherent	coherent	ADJ
ftr-365	69	11	international	international	ADJ
ftr-365	69	12	tax	tax	NOUN
ftr-365	69	13	regime	regime	NOUN
ftr-365	69	14	exists	exist	VERB
ftr-365	69	15	that	that	PRON
ftr-365	69	16	enjoys	enjoy	VERB
ftr-365	69	17	nearly	nearly	ADV
ftr-365	69	18	universal	universal	ADJ
ftr-365	69	19	support	support	NOUN
ftr-365	69	20	and	and	CCONJ
ftr-365	69	21	that	that	PRON
ftr-365	69	22	underlies	underlie	VERB
ftr-365	69	23	the	the	DET
ftr-365	69	24	complexities	complexity	NOUN
ftr-365	69	25	of	of	ADP
ftr-365	69	26	the	the	DET
ftr-365	69	27	international	international	ADJ
ftr-365	69	28	aspects	aspect	NOUN
ftr-365	69	29	of	of	ADP
ftr-365	69	30	individual	individual	ADJ
ftr-365	69	31	countries	country	NOUN
ftr-365	69	32	’	'	PUNCT
ftr-365	69	33	tax	tax	NOUN
ftr-365	69	34	systems	system	NOUN
ftr-365	69	35	.	.	PUNCT
ftr-365	69	36	”	"	PUNCT
ftr-365	69	37	)	)	PUNCT
ftr-365	69	38	.	.	PUNCT
ftr-365	70	1	10	10	X
ftr-365	70	2	.	.	X
ftr-365	71	1	see	see	VERB
ftr-365	71	2	generally	generally	ADV
ftr-365	71	3	avi	avi	VERB
ftr-365	71	4	-	-	PUNCT
ftr-365	71	5	yonah	yonah	NOUN
ftr-365	71	6	(	(	PUNCT
ftr-365	71	7	2000	2000	NUM
ftr-365	71	8	)	)	PUNCT
ftr-365	71	9	,	,	PUNCT
ftr-365	71	10	supra	supra	PROPN
ftr-365	71	11	note	note	NOUN
ftr-365	71	12	3	3	NUM
ftr-365	71	13	,	,	PUNCT
ftr-365	71	14	at	at	ADP
ftr-365	71	15	1639	1639	NUM
ftr-365	71	16	-	-	SYM
ftr-365	71	17	48	48	NUM
ftr-365	71	18	(	(	PUNCT
ftr-365	71	19	discussing	discuss	VERB
ftr-365	71	20	the	the	DET
ftr-365	71	21	pros	pro	NOUN
ftr-365	71	22	and	and	CCONJ
ftr-365	71	23	cons	con	NOUN
ftr-365	71	24	of	of	ADP
ftr-365	71	25	the	the	DET
ftr-365	71	26	two	two	NUM
ftr-365	71	27	alternatives	alternative	NOUN
ftr-365	71	28	)	)	PUNCT
ftr-365	71	29	;	;	PUNCT
ftr-365	71	30	victor	victor	PROPN
ftr-365	71	31	thuronyi	thuronyi	PROPN
ftr-365	71	32	,	,	PUNCT
ftr-365	71	33	taxation	taxation	NOUN
ftr-365	71	34	of	of	ADP
ftr-365	71	35	new	new	ADJ
ftr-365	71	36	financial	financial	ADJ
ftr-365	71	37	instruments	instrument	NOUN
ftr-365	71	38	,	,	PUNCT
ftr-365	71	39	24	24	NUM
ftr-365	71	40	tax	tax	NOUN
ftr-365	71	41	notes	note	NOUN
ftr-365	71	42	int’l	int’l	VERB
ftr-365	71	43	261	261	NUM
ftr-365	71	44	(	(	PUNCT
ftr-365	71	45	2001	2001	NUM
ftr-365	71	46	)	)	PUNCT
ftr-365	71	47	.	.	PUNCT
ftr-365	72	1	11	11	NUM
ftr-365	72	2	.	.	PUNCT
ftr-365	73	1	i	i	PRON
ftr-365	73	2	d.	d.	PROPN
ftr-365	73	3	see	see	VERB
ftr-365	73	4	also	also	ADV
ftr-365	73	5	yaron	yaron	PROPN
ftr-365	73	6	z.	z.	PROPN
ftr-365	73	7	reich	reich	PROPN
ftr-365	73	8	,	,	PUNCT
ftr-365	73	9	taxing	tax	VERB
ftr-365	73	10	foreign	foreign	ADJ
ftr-365	73	11	investors	investor	NOUN
ftr-365	73	12	’	’	PART
ftr-365	73	13	portfolio	portfolio	NOUN
ftr-365	73	14	investments	investment	NOUN
ftr-365	73	15	:	:	PUNCT
ftr-365	73	16	developments	development	NOUN
ftr-365	73	17	&	&	CCONJ
ftr-365	73	18	discontinuities	discontinuity	NOUN
ftr-365	73	19	,	,	PUNCT
ftr-365	73	20	98	98	NUM
ftr-365	73	21	tax	tax	NOUN
ftr-365	73	22	notes	note	NOUN
ftr-365	73	23	today	today	NOUN
ftr-365	73	24	114	114	NUM
ftr-365	73	25	-	-	SYM
ftr-365	73	26	71	71	NUM
ftr-365	73	27	(	(	PUNCT
ftr-365	73	28	jun	jun	PROPN
ftr-365	73	29	.	.	PROPN
ftr-365	73	30	15	15	NUM
ftr-365	73	31	,	,	PUNCT
ftr-365	73	32	1998	1998	NUM
ftr-365	73	33	)	)	PUNCT
ftr-365	73	34	(	(	PUNCT
ftr-365	73	35	“	"	PUNCT
ftr-365	73	36	one	one	NUM
ftr-365	73	37	important	important	ADJ
ftr-365	73	38	policy	policy	NOUN
ftr-365	73	39	consideration	consideration	NOUN
ftr-365	73	40	would	would	AUX
ftr-365	73	41	seem	seem	VERB
ftr-365	73	42	to	to	PART
ftr-365	73	43	favor	favor	VERB
ftr-365	73	44	having	have	VERB
ftr-365	73	45	the	the	DET
ftr-365	73	46	source	source	NOUN
ftr-365	73	47	country	country	NOUN
ftr-365	73	48	forgo	forgo	VERB
ftr-365	73	49	the	the	DET
ftr-365	73	50	taxation	taxation	NOUN
ftr-365	73	51	of	of	ADP
ftr-365	73	52	passive	passive	ADJ
ftr-365	73	53	income	income	NOUN
ftr-365	73	54	,	,	PUNCT
ftr-365	73	55	particularly	particularly	ADV
ftr-365	73	56	portfolio	portfolio	NOUN
ftr-365	73	57	investment	investment	NOUN
ftr-365	73	58	income	income	NOUN
ftr-365	73	59	.	.	PUNCT
ftr-365	74	1	investment	investment	NOUN
ftr-365	74	2	capital	capital	NOUN
ftr-365	74	3	is	be	AUX
ftr-365	74	4	highly	highly	ADV
ftr-365	74	5	mobile	mobile	ADJ
ftr-365	74	6	,	,	PUNCT
ftr-365	74	7	and	and	CCONJ
ftr-365	74	8	investors	investor	NOUN
ftr-365	74	9	often	often	ADV
ftr-365	74	10	can	can	AUX
ftr-365	74	11	choose	choose	VERB
ftr-365	74	12	from	from	ADP
ftr-365	74	13	among	among	ADP
ftr-365	74	14	alternative	alternative	ADJ
ftr-365	74	15	investment	investment	NOUN
ftr-365	74	16	opportunities	opportunity	NOUN
ftr-365	74	17	around	around	ADP
ftr-365	74	18	the	the	DET
ftr-365	74	19	world	world	NOUN
ftr-365	74	20	.	.	PUNCT
ftr-365	74	21	”	"	PUNCT
ftr-365	74	22	)	)	PUNCT
ftr-365	74	23	.	.	PUNCT
ftr-365	75	1	12	12	NUM
ftr-365	75	2	.	.	PUNCT
ftr-365	76	1	see	see	VERB
ftr-365	76	2	edwards	edwards	PROPN
ftr-365	76	3	&	&	CCONJ
ftr-365	76	4	de	de	X
ftr-365	76	5	rugy	rugy	PROPN
ftr-365	76	6	,	,	PUNCT
ftr-365	76	7	supra	supra	NOUN
ftr-365	76	8	note	note	NOUN
ftr-365	76	9	3	3	NUM
ftr-365	76	10	,	,	PUNCT
ftr-365	76	11	at	at	ADP
ftr-365	76	12	67	67	NUM
ftr-365	76	13	(	(	PUNCT
ftr-365	76	14	“	"	PUNCT
ftr-365	76	15	portfolio	portfolio	NOUN
ftr-365	76	16	flows	flow	NOUN
ftr-365	76	17	can	can	AUX
ftr-365	76	18	be	be	AUX
ftr-365	76	19	shifted	shift	VERB
ftr-365	76	20	in	in	ADP
ftr-365	76	21	and	and	CCONJ
ftr-365	76	22	out	out	ADP
ftr-365	76	23	of	of	ADP
ftr-365	76	24	foreign	foreign	ADJ
ftr-365	76	25	investments	investment	NOUN
ftr-365	76	26	quickly	quickly	ADV
ftr-365	76	27	and	and	CCONJ
ftr-365	76	28	are	be	AUX
ftr-365	76	29	more	more	ADV
ftr-365	76	30	sensitive	sensitive	ADJ
ftr-365	76	31	to	to	ADP
ftr-365	76	32	short	short	ADJ
ftr-365	76	33	-	-	PUNCT
ftr-365	76	34	term	term	NOUN
ftr-365	76	35	returns	return	NOUN
ftr-365	76	36	than	than	SCONJ
ftr-365	76	37	is	be	AUX
ftr-365	76	38	fdi	fdi	NOUN
ftr-365	76	39	.	.	PUNCT
ftr-365	76	40	”	"	PUNCT
ftr-365	76	41	)	)	PUNCT
ftr-365	76	42	.	.	PUNCT
ftr-365	77	1	2008	2008	NUM
ftr-365	77	2	]	]	PUNCT
ftr-365	78	1	the	the	DET
ftr-365	78	2	case	case	NOUN
ftr-365	78	3	for	for	ADP
ftr-365	78	4	residency	residency	NOUN
ftr-365	78	5	-	-	PUNCT
ftr-365	78	6	based	base	VERB
ftr-365	78	7	taxation	taxation	NOUN
ftr-365	78	8	5	5	NUM
ftr-365	78	9	nevertheless	nevertheless	ADV
ftr-365	78	10	,	,	PUNCT
ftr-365	78	11	for	for	ADP
ftr-365	78	12	developing	develop	VERB
ftr-365	78	13	countries	country	NOUN
ftr-365	78	14	,	,	PUNCT
ftr-365	78	15	choosing	choose	VERB
ftr-365	78	16	between	between	ADP
ftr-365	78	17	source	source	NOUN
ftr-365	78	18	-	-	PUNCT
ftr-365	78	19	based	base	VERB
ftr-365	78	20	and	and	CCONJ
ftr-365	78	21	residency	residency	NOUN
ftr-365	78	22	-	-	PUNCT
ftr-365	78	23	based	base	VERB
ftr-365	78	24	taxation	taxation	NOUN
ftr-365	78	25	is	be	AUX
ftr-365	78	26	not	not	PART
ftr-365	78	27	easy	easy	ADJ
ftr-365	78	28	.	.	PUNCT
ftr-365	79	1	13	13	NUM
ftr-365	79	2	on	on	ADP
ftr-365	79	3	the	the	DET
ftr-365	79	4	one	one	NUM
ftr-365	79	5	hand	hand	NOUN
ftr-365	79	6	,	,	PUNCT
ftr-365	79	7	a	a	DET
ftr-365	79	8	source	source	NOUN
ftr-365	79	9	-	-	PUNCT
ftr-365	79	10	based	base	VERB
ftr-365	79	11	regime	regime	NOUN
ftr-365	79	12	would	would	AUX
ftr-365	79	13	allow	allow	VERB
ftr-365	79	14	country	country	NOUN
ftr-365	79	15	d	d	NOUN
ftr-365	79	16	to	to	PART
ftr-365	79	17	keep	keep	VERB
ftr-365	79	18	more	more	ADJ
ftr-365	79	19	tax	tax	NOUN
ftr-365	79	20	revenues	revenue	NOUN
ftr-365	79	21	from	from	ADP
ftr-365	79	22	non	non	NOUN
ftr-365	79	23	-	-	NOUN
ftr-365	79	24	residents	resident	NOUN
ftr-365	79	25	.	.	PUNCT
ftr-365	80	1	14	14	NUM
ftr-365	80	2	assuming	assume	VERB
ftr-365	80	3	that	that	SCONJ
ftr-365	80	4	country	country	NOUN
ftr-365	80	5	d	d	NOUN
ftr-365	80	6	has	have	VERB
ftr-365	80	7	source	source	NOUN
ftr-365	80	8	rules	rule	NOUN
ftr-365	80	9	similar	similar	ADJ
ftr-365	80	10	to	to	ADP
ftr-365	80	11	most	most	ADJ
ftr-365	80	12	other	other	ADJ
ftr-365	80	13	countries	country	NOUN
ftr-365	80	14	with	with	ADP
ftr-365	80	15	respect	respect	NOUN
ftr-365	80	16	to	to	ADP
ftr-365	80	17	financial	financial	ADJ
ftr-365	80	18	transactions	transaction	NOUN
ftr-365	80	19	,	,	PUNCT
ftr-365	80	20	a	a	DET
ftr-365	80	21	source	source	NOUN
ftr-365	80	22	-	-	PUNCT
ftr-365	80	23	based	base	VERB
ftr-365	80	24	regime	regime	NOUN
ftr-365	80	25	would	would	AUX
ftr-365	80	26	allow	allow	VERB
ftr-365	80	27	country	country	NOUN
ftr-365	80	28	d	d	X
ftr-365	80	29	to	to	ADP
ftr-365	80	30	tax	tax	NOUN
ftr-365	80	31	income	income	NOUN
ftr-365	80	32	derived	derive	VERB
ftr-365	80	33	by	by	ADP
ftr-365	80	34	non	non	NOUN
ftr-365	80	35	-	-	NOUN
ftr-365	80	36	residents	resident	NOUN
ftr-365	80	37	from	from	ADP
ftr-365	80	38	interest	interest	NOUN
ftr-365	80	39	and	and	CCONJ
ftr-365	80	40	dividends	dividend	NOUN
ftr-365	80	41	paid	pay	VERB
ftr-365	80	42	by	by	ADP
ftr-365	80	43	domestic	domestic	ADJ
ftr-365	80	44	entities	entity	NOUN
ftr-365	80	45	.	.	PUNCT
ftr-365	81	1	15	15	NUM
ftr-365	81	2	on	on	ADP
ftr-365	81	3	the	the	DET
ftr-365	81	4	other	other	ADJ
ftr-365	81	5	hand	hand	NOUN
ftr-365	81	6	,	,	PUNCT
ftr-365	81	7	non	non	NOUN
ftr-365	81	8	-	-	NOUN
ftr-365	81	9	residents	resident	NOUN
ftr-365	81	10	from	from	ADP
ftr-365	81	11	countries	country	NOUN
ftr-365	81	12	that	that	PRON
ftr-365	81	13	have	have	VERB
ftr-365	81	14	a	a	DET
ftr-365	81	15	residencybased	residencybase	VERB
ftr-365	81	16	taxation	taxation	NOUN
ftr-365	81	17	regime	regime	NOUN
ftr-365	81	18	would	would	AUX
ftr-365	81	19	be	be	AUX
ftr-365	81	20	less	less	ADV
ftr-365	81	21	inclined	inclined	ADJ
ftr-365	81	22	to	to	PART
ftr-365	81	23	invest	invest	VERB
ftr-365	81	24	in	in	ADP
ftr-365	81	25	country	country	NOUN
ftr-365	82	1	d	d	NOUN
ftr-365	82	2	,	,	PUNCT
ftr-365	82	3	since	since	SCONJ
ftr-365	82	4	their	their	PRON
ftr-365	82	5	home	home	NOUN
ftr-365	82	6	country	country	NOUN
ftr-365	82	7	would	would	AUX
ftr-365	82	8	impose	impose	VERB
ftr-365	82	9	tax	tax	NOUN
ftr-365	82	10	on	on	ADP
ftr-365	82	11	such	such	ADJ
ftr-365	82	12	non	non	NOUN
ftr-365	82	13	-	-	ADJ
ftr-365	82	14	residents	resident	NOUN
ftr-365	82	15	’	'	PUNCT
ftr-365	82	16	activity	activity	NOUN
ftr-365	82	17	in	in	ADP
ftr-365	82	18	country	country	NOUN
ftr-365	82	19	d.	d.	PROPN
ftr-365	82	20	this	this	PRON
ftr-365	82	21	might	might	AUX
ftr-365	82	22	result	result	VERB
ftr-365	82	23	in	in	ADP
ftr-365	82	24	double	double	ADJ
ftr-365	82	25	taxation	taxation	NOUN
ftr-365	82	26	if	if	SCONJ
ftr-365	82	27	no	no	DET
ftr-365	82	28	treaty	treaty	NOUN
ftr-365	82	29	applies	apply	VERB
ftr-365	82	30	,	,	PUNCT
ftr-365	82	31	and	and	CCONJ
ftr-365	82	32	there	there	PRON
ftr-365	82	33	is	be	VERB
ftr-365	82	34	no	no	DET
ftr-365	82	35	other	other	ADJ
ftr-365	82	36	relief	relief	NOUN
ftr-365	82	37	from	from	ADP
ftr-365	82	38	double	double	ADJ
ftr-365	82	39	taxation	taxation	NOUN
ftr-365	82	40	.	.	PUNCT
ftr-365	83	1	16	16	NUM
ftr-365	83	2	furthermore	furthermore	ADV
ftr-365	83	3	,	,	PUNCT
ftr-365	83	4	as	as	SCONJ
ftr-365	83	5	set	set	VERB
ftr-365	83	6	forth	forth	ADV
ftr-365	83	7	below	below	ADV
ftr-365	83	8	,	,	PUNCT
ftr-365	83	9	residency	residency	NOUN
ftr-365	83	10	-	-	PUNCT
ftr-365	83	11	based	base	VERB
ftr-365	83	12	taxation	taxation	NOUN
ftr-365	83	13	promotes	promote	VERB
ftr-365	83	14	capital	capital	NOUN
ftr-365	83	15	export	export	NOUN
ftr-365	83	16	neutrality	neutrality	NOUN
ftr-365	83	17	(	(	PUNCT
ftr-365	83	18	cen	cen	PROPN
ftr-365	83	19	)	)	PUNCT
ftr-365	83	20	.	.	PUNCT
ftr-365	84	1	17	17	NUM
ftr-365	84	2	as	as	SCONJ
ftr-365	84	3	this	this	DET
ftr-365	84	4	article	article	NOUN
ftr-365	84	5	concludes	conclude	VERB
ftr-365	84	6	,	,	PUNCT
ftr-365	84	7	the	the	DET
ftr-365	84	8	adoption	adoption	NOUN
ftr-365	84	9	of	of	ADP
ftr-365	84	10	a	a	DET
ftr-365	84	11	residency	residency	NOUN
ftr-365	84	12	-	-	PUNCT
ftr-365	84	13	based	base	VERB
ftr-365	84	14	taxation	taxation	NOUN
ftr-365	84	15	regime	regime	NOUN
ftr-365	84	16	for	for	ADP
ftr-365	84	17	financial	financial	ADJ
ftr-365	84	18	transactions	transaction	NOUN
ftr-365	84	19	by	by	ADP
ftr-365	84	20	developing	develop	VERB
ftr-365	84	21	countries	country	NOUN
ftr-365	84	22	would	would	AUX
ftr-365	84	23	benefit	benefit	VERB
ftr-365	84	24	country	country	NOUN
ftr-365	84	25	d	d	NOUN
ftr-365	84	26	in	in	ADP
ftr-365	84	27	terms	term	NOUN
ftr-365	84	28	of	of	ADP
ftr-365	84	29	attracting	attract	VERB
ftr-365	84	30	foreign	foreign	ADJ
ftr-365	84	31	investment	investment	NOUN
ftr-365	84	32	.	.	PUNCT
ftr-365	85	1	18	18	NUM
ftr-365	85	2	residency	residency	NOUN
ftr-365	85	3	-	-	PUNCT
ftr-365	85	4	based	base	VERB
ftr-365	85	5	taxation	taxation	NOUN
ftr-365	85	6	for	for	ADP
ftr-365	85	7	financial	financial	ADJ
ftr-365	85	8	transactions	transaction	NOUN
ftr-365	85	9	is	be	AUX
ftr-365	85	10	generally	generally	ADV
ftr-365	85	11	consistent	consistent	ADJ
ftr-365	85	12	with	with	ADP
ftr-365	85	13	the	the	DET
ftr-365	85	14	principle	principle	NOUN
ftr-365	85	15	established	establish	VERB
ftr-365	85	16	by	by	ADP
ftr-365	85	17	the	the	DET
ftr-365	85	18	league	league	PROPN
ftr-365	85	19	of	of	ADP
ftr-365	85	20	nations	nations	PROPN
ftr-365	85	21	report	report	NOUN
ftr-365	85	22	(	(	PUNCT
ftr-365	85	23	1923	1923	NUM
ftr-365	85	24	)	)	PUNCT
ftr-365	85	25	,	,	PUNCT
ftr-365	85	26	pursuant	pursuant	ADJ
ftr-365	85	27	to	to	ADP
ftr-365	85	28	which	which	PRON
ftr-365	85	29	passive	passive	ADJ
ftr-365	85	30	income	income	NOUN
ftr-365	85	31	should	should	AUX
ftr-365	85	32	generally	generally	ADV
ftr-365	85	33	be	be	AUX
ftr-365	85	34	taxed	tax	VERB
ftr-365	85	35	by	by	ADP
ftr-365	85	36	the	the	DET
ftr-365	85	37	residency	residency	NOUN
ftr-365	85	38	country	country	NOUN
ftr-365	85	39	.	.	PUNCT
ftr-365	86	1	19	19	NUM
ftr-365	86	2	residency	residency	NOUN
ftr-365	86	3	-	-	PUNCT
ftr-365	86	4	based	base	VERB
ftr-365	86	5	taxation	taxation	NOUN
ftr-365	86	6	for	for	ADP
ftr-365	86	7	financial	financial	ADJ
ftr-365	86	8	transactions	transaction	NOUN
ftr-365	86	9	would	would	AUX
ftr-365	86	10	also	also	ADV
ftr-365	86	11	make	make	VERB
ftr-365	86	12	country	country	NOUN
ftr-365	86	13	d	d	X
ftr-365	86	14	’s	’s	PART
ftr-365	86	15	tax	tax	NOUN
ftr-365	86	16	rules	rule	NOUN
ftr-365	86	17	consistent	consistent	ADJ
ftr-365	86	18	with	with	ADP
ftr-365	86	19	the	the	DET
ftr-365	86	20	current	current	ADJ
ftr-365	86	21	rules	rule	NOUN
ftr-365	86	22	in	in	ADP
ftr-365	86	23	the	the	DET
ftr-365	86	24	majority	majority	NOUN
ftr-365	86	25	of	of	ADP
ftr-365	86	26	developed	develop	VERB
ftr-365	86	27	countries	country	NOUN
ftr-365	86	28	(	(	PUNCT
ftr-365	86	29	see	see	VERB
ftr-365	86	30	table	table	NOUN
ftr-365	86	31	1	1	NUM
ftr-365	86	32	below	below	ADV
ftr-365	86	33	)	)	PUNCT
ftr-365	86	34	and	and	CCONJ
ftr-365	86	35	reduce	reduce	VERB
ftr-365	86	36	compliance	compliance	NOUN
ftr-365	86	37	costs	cost	NOUN
ftr-365	86	38	,	,	PUNCT
ftr-365	86	39	since	since	SCONJ
ftr-365	86	40	the	the	DET
ftr-365	86	41	13	13	NUM
ftr-365	86	42	.	.	PUNCT
ftr-365	87	1	see	see	VERB
ftr-365	87	2	avi	avi	NOUN
ftr-365	87	3	-	-	PUNCT
ftr-365	87	4	yonah	yonah	NOUN
ftr-365	87	5	(	(	PUNCT
ftr-365	87	6	2000	2000	NUM
ftr-365	87	7	)	)	PUNCT
ftr-365	87	8	,	,	PUNCT
ftr-365	87	9	supra	supra	PROPN
ftr-365	87	10	note	note	NOUN
ftr-365	87	11	3	3	NUM
ftr-365	87	12	,	,	PUNCT
ftr-365	87	13	at	at	ADP
ftr-365	87	14	1639	1639	NUM
ftr-365	87	15	-	-	SYM
ftr-365	87	16	48	48	NUM
ftr-365	87	17	.	.	PUNCT
ftr-365	88	1	as	as	ADP
ftr-365	88	2	to	to	ADP
ftr-365	88	3	financial	financial	ADJ
ftr-365	88	4	transactions	transaction	NOUN
ftr-365	88	5	in	in	ADP
ftr-365	88	6	particular	particular	ADJ
ftr-365	88	7	,	,	PUNCT
ftr-365	88	8	see	see	VERB
ftr-365	88	9	thuronyi	thuronyi	PROPN
ftr-365	88	10	,	,	PUNCT
ftr-365	88	11	supra	supra	PROPN
ftr-365	88	12	note	note	PROPN
ftr-365	88	13	10	10	NUM
ftr-365	88	14	,	,	PUNCT
ftr-365	88	15	at	at	ADP
ftr-365	88	16	261	261	NUM
ftr-365	88	17	.	.	PUNCT
ftr-365	88	18	14	14	NUM
ftr-365	88	19	.	.	PUNCT
ftr-365	89	1	avi	avi	VERB
ftr-365	89	2	-	-	PUNCT
ftr-365	89	3	yonah	yonah	NOUN
ftr-365	89	4	(	(	PUNCT
ftr-365	89	5	2000	2000	NUM
ftr-365	89	6	)	)	PUNCT
ftr-365	89	7	,	,	PUNCT
ftr-365	89	8	supra	supra	PROPN
ftr-365	89	9	note	note	NOUN
ftr-365	89	10	3	3	NUM
ftr-365	89	11	,	,	PUNCT
ftr-365	89	12	at	at	ADP
ftr-365	89	13	1640	1640	NUM
ftr-365	89	14	-	-	SYM
ftr-365	89	15	41	41	NUM
ftr-365	89	16	(	(	PUNCT
ftr-365	89	17	discussing	discuss	VERB
ftr-365	89	18	the	the	DET
ftr-365	89	19	need	need	NOUN
ftr-365	89	20	for	for	ADP
ftr-365	89	21	tax	tax	NOUN
ftr-365	89	22	revenues	revenue	NOUN
ftr-365	89	23	in	in	ADP
ftr-365	89	24	developing	develop	VERB
ftr-365	89	25	countries	country	NOUN
ftr-365	89	26	)	)	PUNCT
ftr-365	89	27	.	.	PUNCT
ftr-365	90	1	15	15	X
ftr-365	90	2	.	.	PUNCT
ftr-365	91	1	i	i	PRON
ftr-365	91	2	d.	d.	PROPN
ftr-365	91	3	16	16	NUM
ftr-365	91	4	.	.	PUNCT
ftr-365	92	1	i	i	PRON
ftr-365	92	2	d.	d.	PROPN
ftr-365	92	3	at	at	ADP
ftr-365	92	4	1641	1641	NUM
ftr-365	92	5	-	-	SYM
ftr-365	92	6	48	48	NUM
ftr-365	92	7	.	.	PUNCT
ftr-365	93	1	17	17	NUM
ftr-365	93	2	.	.	PUNCT
ftr-365	93	3	avi	avi	VERB
ftr-365	93	4	-	-	PUNCT
ftr-365	93	5	yonah	yonah	NOUN
ftr-365	93	6	(	(	PUNCT
ftr-365	93	7	2000	2000	NUM
ftr-365	93	8	)	)	PUNCT
ftr-365	93	9	,	,	PUNCT
ftr-365	93	10	supra	supra	PROPN
ftr-365	93	11	note	note	NOUN
ftr-365	93	12	3	3	NUM
ftr-365	93	13	,	,	PUNCT
ftr-365	93	14	at	at	ADP
ftr-365	93	15	1605	1605	NUM
ftr-365	93	16	(	(	PUNCT
ftr-365	93	17	“	"	PUNCT
ftr-365	93	18	if	if	SCONJ
ftr-365	93	19	a	a	DET
ftr-365	93	20	country	country	NOUN
ftr-365	93	21	adopts	adopt	VERB
ftr-365	93	22	the	the	DET
ftr-365	93	23	residence	residence	NOUN
ftr-365	93	24	principle	principle	NOUN
ftr-365	93	25	,	,	PUNCT
ftr-365	93	26	taxing	tax	VERB
ftr-365	93	27	at	at	ADP
ftr-365	93	28	the	the	DET
ftr-365	93	29	same	same	ADJ
ftr-365	93	30	rate	rate	NOUN
ftr-365	93	31	capital	capital	NOUN
ftr-365	93	32	income	income	NOUN
ftr-365	93	33	from	from	ADP
ftr-365	93	34	all	all	DET
ftr-365	93	35	sources	source	NOUN
ftr-365	93	36	,	,	PUNCT
ftr-365	93	37	then	then	ADV
ftr-365	93	38	the	the	DET
ftr-365	93	39	gross	gross	ADJ
ftr-365	93	40	return	return	NOUN
ftr-365	93	41	accruing	accrue	VERB
ftr-365	93	42	to	to	ADP
ftr-365	93	43	an	an	DET
ftr-365	93	44	individual	individual	NOUN
ftr-365	93	45	in	in	ADP
ftr-365	93	46	that	that	DET
ftr-365	93	47	country	country	NOUN
ftr-365	93	48	must	must	AUX
ftr-365	93	49	be	be	AUX
ftr-365	93	50	the	the	DET
ftr-365	93	51	same	same	ADJ
ftr-365	93	52	,	,	PUNCT
ftr-365	93	53	regardless	regardless	ADV
ftr-365	93	54	of	of	ADP
ftr-365	93	55	which	which	DET
ftr-365	93	56	country	country	NOUN
ftr-365	93	57	is	be	AUX
ftr-365	93	58	the	the	DET
ftr-365	93	59	source	source	NOUN
ftr-365	93	60	of	of	ADP
ftr-365	93	61	that	that	DET
ftr-365	93	62	return	return	NOUN
ftr-365	93	63	.	.	PUNCT
ftr-365	94	1	thus	thus	ADV
ftr-365	94	2	,	,	PUNCT
ftr-365	94	3	the	the	DET
ftr-365	94	4	marginal	marginal	ADJ
ftr-365	94	5	product	product	NOUN
ftr-365	94	6	of	of	ADP
ftr-365	94	7	capital	capital	NOUN
ftr-365	94	8	in	in	ADP
ftr-365	94	9	that	that	DET
ftr-365	94	10	country	country	NOUN
ftr-365	94	11	will	will	AUX
ftr-365	94	12	be	be	AUX
ftr-365	94	13	equal	equal	ADJ
ftr-365	94	14	to	to	ADP
ftr-365	94	15	the	the	DET
ftr-365	94	16	world	world	NOUN
ftr-365	94	17	return	return	VERB
ftr-365	94	18	to	to	ADP
ftr-365	94	19	capital	capital	NOUN
ftr-365	94	20	.	.	PUNCT
ftr-365	95	1	if	if	SCONJ
ftr-365	95	2	all	all	DET
ftr-365	95	3	countries	country	NOUN
ftr-365	95	4	adopt	adopt	VERB
ftr-365	95	5	the	the	DET
ftr-365	95	6	residence	residence	NOUN
ftr-365	95	7	principle	principle	NOUN
ftr-365	95	8	,	,	PUNCT
ftr-365	95	9	then	then	ADV
ftr-365	95	10	capital	capital	NOUN
ftr-365	95	11	income	income	NOUN
ftr-365	95	12	taxation	taxation	NOUN
ftr-365	95	13	does	do	AUX
ftr-365	95	14	not	not	PART
ftr-365	95	15	disturb	disturb	VERB
ftr-365	95	16	the	the	DET
ftr-365	95	17	equality	equality	NOUN
ftr-365	95	18	of	of	ADP
ftr-365	95	19	the	the	DET
ftr-365	95	20	marginal	marginal	ADJ
ftr-365	95	21	product	product	NOUN
ftr-365	95	22	of	of	ADP
ftr-365	95	23	capital	capital	NOUN
ftr-365	95	24	across	across	ADP
ftr-365	95	25	countries	country	NOUN
ftr-365	95	26	which	which	PRON
ftr-365	95	27	is	be	AUX
ftr-365	95	28	generated	generate	VERB
ftr-365	95	29	by	by	ADP
ftr-365	95	30	a	a	DET
ftr-365	95	31	free	free	ADJ
ftr-365	95	32	movement	movement	NOUN
ftr-365	95	33	of	of	ADP
ftr-365	95	34	capital	capital	NOUN
ftr-365	95	35	.	.	PUNCT
ftr-365	95	36	”	"	PUNCT
ftr-365	96	1	quoting	quote	VERB
ftr-365	96	2	assaf	assaf	PROPN
ftr-365	96	3	razin	razin	PROPN
ftr-365	96	4	&	&	CCONJ
ftr-365	96	5	efraim	efraim	PROPN
ftr-365	96	6	sadka	sadka	PROPN
ftr-365	96	7	,	,	PUNCT
ftr-365	96	8	international	international	ADJ
ftr-365	96	9	tax	tax	NOUN
ftr-365	96	10	competition	competition	NOUN
ftr-365	96	11	and	and	CCONJ
ftr-365	96	12	gains	gain	NOUN
ftr-365	96	13	from	from	ADP
ftr-365	96	14	tax	tax	NOUN
ftr-365	96	15	harmonization	harmonization	NOUN
ftr-365	96	16	,	,	PUNCT
ftr-365	96	17	37	37	NUM
ftr-365	96	18	econ	econ	NOUN
ftr-365	96	19	.	.	PUNCT
ftr-365	97	1	letters	letter	NOUN
ftr-365	97	2	69	69	NUM
ftr-365	97	3	,	,	PUNCT
ftr-365	97	4	69	69	NUM
ftr-365	97	5	-	-	SYM
ftr-365	97	6	70	70	NUM
ftr-365	97	7	(	(	PUNCT
ftr-365	97	8	1991	1991	NUM
ftr-365	97	9	)	)	PUNCT
ftr-365	97	10	)	)	PUNCT
ftr-365	97	11	.	.	PUNCT
ftr-365	98	1	18	18	NUM
ftr-365	98	2	.	.	PUNCT
ftr-365	99	1	i	i	PRON
ftr-365	99	2	d.	d.	PROPN
ftr-365	99	3	at	at	ADP
ftr-365	99	4	1582	1582	NUM
ftr-365	99	5	(	(	PUNCT
ftr-365	99	6	“	"	PUNCT
ftr-365	99	7	the	the	DET
ftr-365	99	8	standard	standard	ADJ
ftr-365	99	9	economic	economic	ADJ
ftr-365	99	10	advice	advice	NOUN
ftr-365	99	11	to	to	ADP
ftr-365	99	12	small	small	ADJ
ftr-365	99	13	,	,	PUNCT
ftr-365	99	14	open	open	ADJ
ftr-365	99	15	economies	economy	NOUN
ftr-365	99	16	is	be	AUX
ftr-365	99	17	to	to	PART
ftr-365	99	18	avoid	avoid	VERB
ftr-365	99	19	taxing	tax	VERB
ftr-365	99	20	capital	capital	NOUN
ftr-365	99	21	income	income	NOUN
ftr-365	99	22	at	at	ADP
ftr-365	99	23	its	its	PRON
ftr-365	99	24	source	source	NOUN
ftr-365	99	25	,	,	PUNCT
ftr-365	99	26	because	because	SCONJ
ftr-365	99	27	the	the	DET
ftr-365	99	28	tax	tax	NOUN
ftr-365	99	29	will	will	AUX
ftr-365	99	30	be	be	AUX
ftr-365	99	31	shifted	shift	VERB
ftr-365	99	32	forward	forward	ADV
ftr-365	99	33	to	to	ADP
ftr-365	99	34	the	the	DET
ftr-365	99	35	borrowers	borrower	NOUN
ftr-365	99	36	and	and	CCONJ
ftr-365	99	37	result	result	VERB
ftr-365	99	38	in	in	ADP
ftr-365	99	39	higher	high	ADJ
ftr-365	99	40	domestic	domestic	ADJ
ftr-365	99	41	interest	interest	NOUN
ftr-365	99	42	rates	rate	NOUN
ftr-365	99	43	.	.	PUNCT
ftr-365	99	44	”	"	PUNCT
ftr-365	99	45	)	)	PUNCT
ftr-365	99	46	.	.	PUNCT
ftr-365	100	1	19	19	NUM
ftr-365	100	2	.	.	X
ftr-365	100	3	see	see	VERB
ftr-365	100	4	ault	ault	PROPN
ftr-365	100	5	,	,	PUNCT
ftr-365	100	6	supra	supra	PROPN
ftr-365	100	7	note	note	PROPN
ftr-365	100	8	4	4	NUM
ftr-365	100	9	,	,	PUNCT
ftr-365	100	10	at	at	ADP
ftr-365	100	11	568	568	NUM
ftr-365	100	12	(	(	PUNCT
ftr-365	100	13	stating	state	VERB
ftr-365	100	14	that	that	SCONJ
ftr-365	100	15	in	in	ADP
ftr-365	100	16	the	the	DET
ftr-365	100	17	league	league	NOUN
ftr-365	100	18	of	of	ADP
ftr-365	100	19	nations	nations	PROPN
ftr-365	100	20	report	report	NOUN
ftr-365	100	21	(	(	PUNCT
ftr-365	100	22	1923	1923	NUM
ftr-365	100	23	)	)	PUNCT
ftr-365	100	24	,	,	PUNCT
ftr-365	100	25	“	"	PUNCT
ftr-365	100	26	the	the	DET
ftr-365	100	27	right	right	NOUN
ftr-365	100	28	to	to	PART
ftr-365	100	29	tax	tax	VERB
ftr-365	100	30	business	business	NOUN
ftr-365	100	31	income	income	NOUN
ftr-365	100	32	,	,	PUNCT
ftr-365	100	33	including	include	VERB
ftr-365	100	34	the	the	DET
ftr-365	100	35	income	income	NOUN
ftr-365	100	36	of	of	ADP
ftr-365	100	37	affiliated	affiliated	ADJ
ftr-365	100	38	companies	company	NOUN
ftr-365	100	39	,	,	PUNCT
ftr-365	100	40	was	be	AUX
ftr-365	100	41	assigned	assign	VERB
ftr-365	100	42	to	to	ADP
ftr-365	100	43	the	the	DET
ftr-365	100	44	source	source	NOUN
ftr-365	100	45	state	state	NOUN
ftr-365	100	46	.	.	PUNCT
ftr-365	101	1	the	the	DET
ftr-365	101	2	right	right	NOUN
ftr-365	101	3	to	to	PART
ftr-365	101	4	tax	tax	NOUN
ftr-365	101	5	income	income	NOUN
ftr-365	101	6	from	from	ADP
ftr-365	101	7	business	business	NOUN
ftr-365	101	8	securities	security	NOUN
ftr-365	101	9	,	,	PUNCT
ftr-365	101	10	however	however	ADV
ftr-365	101	11	,	,	PUNCT
ftr-365	101	12	was	be	AUX
ftr-365	101	13	assigned	assign	VERB
ftr-365	101	14	exclusively	exclusively	ADV
ftr-365	101	15	to	to	ADP
ftr-365	101	16	the	the	DET
ftr-365	101	17	residence	residence	NOUN
ftr-365	101	18	state	state	NOUN
ftr-365	101	19	.	.	PUNCT
ftr-365	101	20	”	"	PUNCT
ftr-365	101	21	)	)	PUNCT
ftr-365	101	22	.	.	PUNCT
ftr-365	102	1	6	6	NUM
ftr-365	102	2	florida	florida	PROPN
ftr-365	102	3	tax	tax	NOUN
ftr-365	102	4	review	review	NOUN
ftr-365	102	5	[	[	X
ftr-365	102	6	vol	vol	NOUN
ftr-365	102	7	.	.	PUNCT
ftr-365	102	8	9:1	9:1	NUM
ftr-365	102	9	collection	collection	NOUN
ftr-365	102	10	of	of	ADP
ftr-365	102	11	source	source	NOUN
ftr-365	102	12	-	-	PUNCT
ftr-365	102	13	based	base	VERB
ftr-365	102	14	taxation	taxation	NOUN
ftr-365	102	15	on	on	ADP
ftr-365	102	16	interest	interest	NOUN
ftr-365	102	17	and	and	CCONJ
ftr-365	102	18	dividend	dividend	NOUN
ftr-365	102	19	income	income	NOUN
ftr-365	102	20	earned	earn	VERB
ftr-365	102	21	by	by	ADP
ftr-365	102	22	nonresidents	nonresident	NOUN
ftr-365	102	23	is	be	AUX
ftr-365	102	24	very	very	ADV
ftr-365	102	25	impractical	impractical	ADJ
ftr-365	102	26	in	in	ADP
ftr-365	102	27	many	many	ADJ
ftr-365	102	28	instances	instance	NOUN
ftr-365	102	29	.	.	PUNCT
ftr-365	103	1	residency	residency	NOUN
ftr-365	103	2	-	-	PUNCT
ftr-365	103	3	based	base	VERB
ftr-365	103	4	taxation	taxation	NOUN
ftr-365	103	5	,	,	PUNCT
ftr-365	103	6	however	however	ADV
ftr-365	103	7	,	,	PUNCT
ftr-365	103	8	would	would	AUX
ftr-365	103	9	shift	shift	VERB
ftr-365	103	10	revenue	revenue	NOUN
ftr-365	103	11	from	from	ADP
ftr-365	103	12	developing	develop	VERB
ftr-365	103	13	to	to	ADP
ftr-365	103	14	developed	develop	VERB
ftr-365	103	15	countries	country	NOUN
ftr-365	103	16	in	in	ADP
ftr-365	103	17	the	the	DET
ftr-365	103	18	short	short	ADJ
ftr-365	103	19	-	-	PUNCT
ftr-365	103	20	run	run	NOUN
ftr-365	103	21	,	,	PUNCT
ftr-365	103	22	but	but	CCONJ
ftr-365	103	23	as	as	SCONJ
ftr-365	103	24	discussed	discuss	VERB
ftr-365	103	25	below	below	ADV
ftr-365	103	26	,	,	PUNCT
ftr-365	103	27	it	it	PRON
ftr-365	103	28	would	would	AUX
ftr-365	103	29	benefit	benefit	VERB
ftr-365	103	30	country	country	NOUN
ftr-365	103	31	d	d	NOUN
ftr-365	103	32	in	in	ADP
ftr-365	103	33	the	the	DET
ftr-365	103	34	long	long	ADV
ftr-365	103	35	-	-	PUNCT
ftr-365	103	36	run	run	NOUN
ftr-365	103	37	.	.	PUNCT
ftr-365	104	1	in	in	ADP
ftr-365	104	2	adopting	adopt	VERB
ftr-365	104	3	residency	residency	NOUN
ftr-365	104	4	-	-	PUNCT
ftr-365	104	5	based	base	VERB
ftr-365	104	6	taxation	taxation	NOUN
ftr-365	104	7	regime	regime	NOUN
ftr-365	104	8	with	with	ADP
ftr-365	104	9	respect	respect	NOUN
ftr-365	104	10	to	to	ADP
ftr-365	104	11	financial	financial	ADJ
ftr-365	104	12	transactions	transaction	NOUN
ftr-365	104	13	,	,	PUNCT
ftr-365	104	14	for	for	ADP
ftr-365	104	15	the	the	DET
ftr-365	104	16	purpose	purpose	NOUN
ftr-365	104	17	of	of	ADP
ftr-365	104	18	encouraging	encourage	VERB
ftr-365	104	19	foreign	foreign	ADJ
ftr-365	104	20	investment	investment	NOUN
ftr-365	104	21	,	,	PUNCT
ftr-365	104	22	country	country	NOUN
ftr-365	104	23	d	d	NOUN
ftr-365	104	24	would	would	AUX
ftr-365	104	25	not	not	PART
ftr-365	104	26	be	be	AUX
ftr-365	104	27	alone	alone	ADJ
ftr-365	104	28	.	.	PUNCT
ftr-365	105	1	20	20	NUM
ftr-365	105	2	as	as	SCONJ
ftr-365	105	3	professor	professor	NOUN
ftr-365	105	4	colon	colon	NOUN
ftr-365	105	5	emphasizes	emphasize	VERB
ftr-365	105	6	:	:	PUNCT
ftr-365	105	7	over	over	ADP
ftr-365	105	8	the	the	DET
ftr-365	105	9	last	last	ADJ
ftr-365	105	10	eighty	eighty	NUM
ftr-365	105	11	years	year	NOUN
ftr-365	105	12	,	,	PUNCT
ftr-365	105	13	the	the	DET
ftr-365	105	14	united	united	PROPN
ftr-365	105	15	states	states	PROPN
ftr-365	105	16	has	have	AUX
ftr-365	105	17	encouraged	encourage	VERB
ftr-365	105	18	passive	passive	ADJ
ftr-365	105	19	foreign	foreign	ADJ
ftr-365	105	20	investment	investment	NOUN
ftr-365	105	21	in	in	ADP
ftr-365	105	22	u.s	u.s	PROPN
ftr-365	105	23	.	.	PROPN
ftr-365	105	24	capital	capital	NOUN
ftr-365	105	25	markets	market	NOUN
ftr-365	105	26	by	by	ADP
ftr-365	105	27	generally	generally	ADV
ftr-365	105	28	exempting	exempt	VERB
ftr-365	105	29	foreign	foreign	ADJ
ftr-365	105	30	investors	investor	NOUN
ftr-365	105	31	from	from	ADP
ftr-365	105	32	u.s	u.s	PROPN
ftr-365	105	33	.	.	PROPN
ftr-365	105	34	tax	tax	NOUN
ftr-365	105	35	on	on	ADP
ftr-365	105	36	all	all	DET
ftr-365	105	37	income	income	NOUN
ftr-365	105	38	arising	arise	VERB
ftr-365	105	39	from	from	ADP
ftr-365	105	40	dealings	dealing	NOUN
ftr-365	105	41	in	in	ADP
ftr-365	105	42	u.s	u.s	PROPN
ftr-365	105	43	.	.	PROPN
ftr-365	105	44	debt	debt	NOUN
ftr-365	105	45	and	and	CCONJ
ftr-365	105	46	equity	equity	NOUN
ftr-365	105	47	securities	security	NOUN
ftr-365	105	48	.	.	PUNCT
ftr-365	106	1	this	this	DET
ftr-365	106	2	tax	tax	NOUN
ftr-365	106	3	policy	policy	NOUN
ftr-365	106	4	reflects	reflect	VERB
ftr-365	106	5	a	a	DET
ftr-365	106	6	view	view	NOUN
ftr-365	106	7	that	that	SCONJ
ftr-365	106	8	the	the	DET
ftr-365	106	9	benefits	benefit	NOUN
ftr-365	106	10	from	from	ADP
ftr-365	106	11	increased	increase	VERB
ftr-365	106	12	foreign	foreign	ADJ
ftr-365	106	13	investment	investment	NOUN
ftr-365	106	14	,	,	PUNCT
ftr-365	106	15	such	such	ADJ
ftr-365	106	16	as	as	ADP
ftr-365	106	17	lowering	lower	VERB
ftr-365	106	18	the	the	DET
ftr-365	106	19	cost	cost	NOUN
ftr-365	106	20	of	of	ADP
ftr-365	106	21	capital	capital	NOUN
ftr-365	106	22	for	for	ADP
ftr-365	106	23	u.s	u.s	PROPN
ftr-365	106	24	.	.	PROPN
ftr-365	106	25	firms	firm	NOUN
ftr-365	106	26	and	and	CCONJ
ftr-365	106	27	increased	increase	VERB
ftr-365	106	28	market	market	NOUN
ftr-365	106	29	liquidity	liquidity	NOUN
ftr-365	106	30	,	,	PUNCT
ftr-365	106	31	outweigh	outweigh	VERB
ftr-365	106	32	any	any	DET
ftr-365	106	33	foregone	foregone	NOUN
ftr-365	106	34	tax	tax	NOUN
ftr-365	106	35	revenue	revenue	NOUN
ftr-365	106	36	.	.	PUNCT
ftr-365	107	1	21	21	NUM
ftr-365	107	2	similar	similar	ADJ
ftr-365	107	3	preferences	preference	NOUN
ftr-365	107	4	have	have	AUX
ftr-365	107	5	been	be	AUX
ftr-365	107	6	included	include	VERB
ftr-365	107	7	in	in	ADP
ftr-365	107	8	tax	tax	NOUN
ftr-365	107	9	treaties	treaty	NOUN
ftr-365	107	10	to	to	PART
ftr-365	107	11	which	which	PRON
ftr-365	107	12	the	the	DET
ftr-365	107	13	united	united	PROPN
ftr-365	107	14	states	states	PROPN
ftr-365	107	15	is	be	AUX
ftr-365	107	16	a	a	DET
ftr-365	107	17	party	party	NOUN
ftr-365	107	18	.	.	PUNCT
ftr-365	108	1	22	22	NUM
ftr-365	108	2	part	part	NOUN
ftr-365	108	3	ii	ii	NOUN
ftr-365	108	4	of	of	ADP
ftr-365	108	5	this	this	DET
ftr-365	108	6	article	article	NOUN
ftr-365	108	7	describes	describe	VERB
ftr-365	108	8	the	the	DET
ftr-365	108	9	fundamentals	fundamental	NOUN
ftr-365	108	10	of	of	ADP
ftr-365	108	11	source	source	NOUN
ftr-365	108	12	-	-	PUNCT
ftr-365	108	13	based	base	VERB
ftr-365	108	14	and	and	CCONJ
ftr-365	108	15	residency	residency	NOUN
ftr-365	108	16	-	-	PUNCT
ftr-365	108	17	based	base	VERB
ftr-365	108	18	taxation	taxation	NOUN
ftr-365	108	19	in	in	ADP
ftr-365	108	20	general	general	ADJ
ftr-365	108	21	,	,	PUNCT
ftr-365	108	22	and	and	CCONJ
ftr-365	108	23	with	with	ADP
ftr-365	108	24	respect	respect	NOUN
ftr-365	108	25	to	to	ADP
ftr-365	108	26	financial	financial	ADJ
ftr-365	108	27	transactions	transaction	NOUN
ftr-365	108	28	in	in	ADP
ftr-365	108	29	particular	particular	ADJ
ftr-365	108	30	.	.	PUNCT
ftr-365	109	1	part	part	NOUN
ftr-365	109	2	iii	iii	NOUN
ftr-365	109	3	is	be	AUX
ftr-365	109	4	divided	divide	VERB
ftr-365	109	5	into	into	ADP
ftr-365	109	6	three	three	NUM
ftr-365	109	7	chapters	chapter	NOUN
ftr-365	109	8	,	,	PUNCT
ftr-365	109	9	each	each	PRON
ftr-365	109	10	of	of	ADP
ftr-365	109	11	which	which	PRON
ftr-365	109	12	discusses	discuss	VERB
ftr-365	109	13	one	one	NUM
ftr-365	109	14	of	of	ADP
ftr-365	109	15	the	the	DET
ftr-365	109	16	following	follow	VERB
ftr-365	109	17	tax	tax	NOUN
ftr-365	109	18	issues	issue	NOUN
ftr-365	109	19	:	:	PUNCT
ftr-365	109	20	(	(	PUNCT
ftr-365	109	21	i	i	NOUN
ftr-365	109	22	)	)	PUNCT
ftr-365	109	23	taxation	taxation	NOUN
ftr-365	109	24	of	of	ADP
ftr-365	109	25	portfolio	portfolio	NOUN
ftr-365	109	26	interest	interest	NOUN
ftr-365	109	27	,	,	PUNCT
ftr-365	109	28	dividends	dividend	NOUN
ftr-365	109	29	and	and	CCONJ
ftr-365	109	30	capital	capital	NOUN
ftr-365	109	31	gains	gain	NOUN
ftr-365	109	32	earned	earn	VERB
ftr-365	109	33	by	by	ADP
ftr-365	109	34	nonresidents	nonresident	NOUN
ftr-365	109	35	;	;	PUNCT
ftr-365	109	36	(	(	PUNCT
ftr-365	109	37	ii	ii	NOUN
ftr-365	109	38	)	)	PUNCT
ftr-365	109	39	taxation	taxation	NOUN
ftr-365	109	40	of	of	ADP
ftr-365	109	41	cross	cross	ADJ
ftr-365	109	42	-	-	ADJ
ftr-365	109	43	border	border	ADJ
ftr-365	109	44	derivatives	derivative	NOUN
ftr-365	109	45	;	;	PUNCT
ftr-365	109	46	and	and	CCONJ
ftr-365	109	47	(	(	PUNCT
ftr-365	109	48	iii	iii	X
ftr-365	109	49	)	)	PUNCT
ftr-365	109	50	taxation	taxation	NOUN
ftr-365	109	51	of	of	ADP
ftr-365	109	52	non	non	ADJ
ftr-365	109	53	-	-	ADJ
ftr-365	109	54	residents	resident	NOUN
ftr-365	109	55	trading	trading	NOUN
ftr-365	109	56	or	or	CCONJ
ftr-365	109	57	investing	invest	VERB
ftr-365	109	58	in	in	ADP
ftr-365	109	59	securities	security	NOUN
ftr-365	109	60	in	in	ADP
ftr-365	109	61	country	country	PROPN
ftr-365	109	62	d.	d.	PROPN
ftr-365	109	63	the	the	DET
ftr-365	109	64	united	united	PROPN
ftr-365	109	65	states	states	PROPN
ftr-365	109	66	has	have	AUX
ftr-365	109	67	recognized	recognize	VERB
ftr-365	109	68	the	the	DET
ftr-365	109	69	need	need	NOUN
ftr-365	109	70	to	to	PART
ftr-365	109	71	attract	attract	VERB
ftr-365	109	72	foreign	foreign	ADJ
ftr-365	109	73	lenders	lender	NOUN
ftr-365	109	74	when	when	SCONJ
ftr-365	109	75	it	it	PRON
ftr-365	109	76	enacted	enact	VERB
ftr-365	109	77	the	the	DET
ftr-365	109	78	portfolio	portfolio	NOUN
ftr-365	109	79	interest	interest	NOUN
ftr-365	109	80	exemption	exemption	NOUN
ftr-365	109	81	in	in	ADP
ftr-365	109	82	1984	1984	NUM
ftr-365	109	83	.	.	PUNCT
ftr-365	110	1	23	23	NUM
ftr-365	110	2	in	in	ADP
ftr-365	110	3	addition	addition	NOUN
ftr-365	110	4	,	,	PUNCT
ftr-365	110	5	the	the	DET
ftr-365	110	6	united	united	PROPN
ftr-365	110	7	states	states	PROPN
ftr-365	110	8	has	have	AUX
ftr-365	110	9	enacted	enact	VERB
ftr-365	110	10	other	other	ADJ
ftr-365	110	11	provisions	provision	NOUN
ftr-365	110	12	that	that	PRON
ftr-365	110	13	exempt	exempt	VERB
ftr-365	110	14	portfolio	portfolio	NOUN
ftr-365	110	15	investment	investment	NOUN
ftr-365	110	16	,	,	PUNCT
ftr-365	110	17	including	include	VERB
ftr-365	110	18	:	:	PUNCT
ftr-365	110	19	(	(	PUNCT
ftr-365	110	20	i	i	NOUN
ftr-365	110	21	)	)	PUNCT
ftr-365	110	22	the	the	DET
ftr-365	110	23	exemption	exemption	NOUN
ftr-365	110	24	for	for	ADP
ftr-365	110	25	interest	interest	NOUN
ftr-365	110	26	paid	pay	VERB
ftr-365	110	27	on	on	ADP
ftr-365	110	28	bank	bank	NOUN
ftr-365	110	29	deposits	deposit	NOUN
ftr-365	110	30	,	,	PUNCT
ftr-365	110	31	24	24	NUM
ftr-365	110	32	(	(	PUNCT
ftr-365	110	33	ii	ii	NOUN
ftr-365	110	34	)	)	PUNCT
ftr-365	110	35	the	the	DET
ftr-365	110	36	exemption	exemption	NOUN
ftr-365	110	37	for	for	ADP
ftr-365	110	38	original	original	ADJ
ftr-365	110	39	issue	issue	NOUN
ftr-365	110	40	discount	discount	NOUN
ftr-365	110	41	(	(	PUNCT
ftr-365	110	42	“	"	PUNCT
ftr-365	110	43	oid	oid	NOUN
ftr-365	110	44	”	"	PUNCT
ftr-365	110	45	)	)	PUNCT
ftr-365	110	46	on	on	ADP
ftr-365	110	47	a	a	DET
ftr-365	110	48	debt	debt	NOUN
ftr-365	110	49	obligation	obligation	NOUN
ftr-365	110	50	having	have	VERB
ftr-365	110	51	an	an	DET
ftr-365	110	52	original	original	ADJ
ftr-365	110	53	maturity	maturity	NOUN
ftr-365	110	54	of	of	ADP
ftr-365	110	55	183	183	NUM
ftr-365	110	56	days	day	NOUN
ftr-365	110	57	or	or	CCONJ
ftr-365	110	58	less	less	ADJ
ftr-365	110	59	,	,	PUNCT
ftr-365	110	60	25	25	NUM
ftr-365	110	61	and	and	CCONJ
ftr-365	110	62	(	(	PUNCT
ftr-365	110	63	iii	iii	NOUN
ftr-365	110	64	)	)	PUNCT
ftr-365	110	65	the	the	DET
ftr-365	110	66	exemption	exemption	NOUN
ftr-365	110	67	for	for	ADP
ftr-365	110	68	most	most	ADJ
ftr-365	110	69	capital	capital	NOUN
ftr-365	110	70	20	20	NUM
ftr-365	110	71	.	.	PUNCT
ftr-365	111	1	see	see	VERB
ftr-365	111	2	table	table	NOUN
ftr-365	111	3	1	1	NUM
ftr-365	111	4	below	below	ADV
ftr-365	111	5	(	(	PUNCT
ftr-365	111	6	describing	describe	VERB
ftr-365	111	7	the	the	DET
ftr-365	111	8	withholding	withholding	NOUN
ftr-365	111	9	rates	rate	NOUN
ftr-365	111	10	for	for	ADP
ftr-365	111	11	interest	interest	NOUN
ftr-365	111	12	and	and	CCONJ
ftr-365	111	13	dividend	dividend	NOUN
ftr-365	111	14	income	income	NOUN
ftr-365	111	15	earned	earn	VERB
ftr-365	111	16	by	by	ADP
ftr-365	111	17	non	non	ADJ
ftr-365	111	18	-	-	NOUN
ftr-365	111	19	resident	resident	ADJ
ftr-365	111	20	in	in	ADP
ftr-365	111	21	several	several	ADJ
ftr-365	111	22	countries	country	NOUN
ftr-365	111	23	)	)	PUNCT
ftr-365	111	24	.	.	PUNCT
ftr-365	112	1	21	21	NUM
ftr-365	112	2	.	.	PUNCT
ftr-365	113	1	colon	colon	NOUN
ftr-365	113	2	,	,	PUNCT
ftr-365	113	3	supra	supra	NOUN
ftr-365	113	4	note	note	NOUN
ftr-365	113	5	5	5	NUM
ftr-365	113	6	,	,	PUNCT
ftr-365	113	7	at	at	ADP
ftr-365	113	8	784	784	NUM
ftr-365	113	9	(	(	PUNCT
ftr-365	113	10	footnote	footnote	NOUN
ftr-365	113	11	omitted	omit	VERB
ftr-365	113	12	)	)	PUNCT
ftr-365	113	13	.	.	PUNCT
ftr-365	114	1	22	22	NUM
ftr-365	114	2	.	.	PUNCT
ftr-365	115	1	i	i	PRON
ftr-365	115	2	d.	d.	PROPN
ftr-365	115	3	at	at	ADP
ftr-365	115	4	785	785	NUM
ftr-365	115	5	(	(	PUNCT
ftr-365	115	6	“	"	PUNCT
ftr-365	115	7	the	the	DET
ftr-365	115	8	favorable	favorable	ADJ
ftr-365	115	9	tax	tax	NOUN
ftr-365	115	10	treatment	treatment	NOUN
ftr-365	115	11	of	of	ADP
ftr-365	115	12	foreign	foreign	ADJ
ftr-365	115	13	investment	investment	NOUN
ftr-365	115	14	reflected	reflect	VERB
ftr-365	115	15	in	in	ADP
ftr-365	115	16	the	the	DET
ftr-365	115	17	internal	internal	ADJ
ftr-365	115	18	revenue	revenue	NOUN
ftr-365	115	19	code	code	NOUN
ftr-365	115	20	also	also	ADV
ftr-365	115	21	parallels	parallel	VERB
ftr-365	115	22	the	the	DET
ftr-365	115	23	favorable	favorable	ADJ
ftr-365	115	24	tax	tax	NOUN
ftr-365	115	25	treatment	treatment	NOUN
ftr-365	115	26	accorded	accord	VERB
ftr-365	115	27	passive	passive	ADJ
ftr-365	115	28	foreign	foreign	ADJ
ftr-365	115	29	investment	investment	NOUN
ftr-365	115	30	income	income	NOUN
ftr-365	115	31	in	in	ADP
ftr-365	115	32	bilateral	bilateral	ADJ
ftr-365	115	33	income	income	NOUN
ftr-365	115	34	tax	tax	NOUN
ftr-365	115	35	treaties	treaty	NOUN
ftr-365	115	36	,	,	PUNCT
ftr-365	115	37	which	which	PRON
ftr-365	115	38	generally	generally	ADV
ftr-365	115	39	exempt	exempt	ADJ
ftr-365	115	40	or	or	CCONJ
ftr-365	115	41	significantly	significantly	ADV
ftr-365	115	42	reduce	reduce	VERB
ftr-365	115	43	source	source	NOUN
ftr-365	115	44	basis	basis	NOUN
ftr-365	115	45	taxation	taxation	NOUN
ftr-365	115	46	on	on	ADP
ftr-365	115	47	investment	investment	NOUN
ftr-365	115	48	income	income	NOUN
ftr-365	115	49	earned	earn	VERB
ftr-365	115	50	by	by	ADP
ftr-365	115	51	foreign	foreign	ADJ
ftr-365	115	52	persons	person	NOUN
ftr-365	115	53	.	.	PUNCT
ftr-365	115	54	”	"	PUNCT
ftr-365	115	55	)	)	PUNCT
ftr-365	115	56	.	.	PUNCT
ftr-365	116	1	23	23	NUM
ftr-365	116	2	.	.	PUNCT
ftr-365	117	1	irc	irc	VERB
ftr-365	117	2	§	§	PROPN
ftr-365	117	3	§	§	PROPN
ftr-365	117	4	871(h	871(h	PROPN
ftr-365	117	5	)	)	PUNCT
ftr-365	117	6	and	and	CCONJ
ftr-365	117	7	881(c	881(c	NUM
ftr-365	117	8	)	)	PUNCT
ftr-365	117	9	.	.	PUNCT
ftr-365	118	1	24	24	NUM
ftr-365	118	2	.	.	PUNCT
ftr-365	118	3	irc	irc	PROPN
ftr-365	118	4	§	§	PROPN
ftr-365	118	5	§	§	PROPN
ftr-365	118	6	871(i	871(i	PROPN
ftr-365	118	7	)	)	PUNCT
ftr-365	118	8	and	and	CCONJ
ftr-365	118	9	881(d	881(d	NUM
ftr-365	118	10	)	)	PUNCT
ftr-365	118	11	.	.	PUNCT
ftr-365	119	1	25	25	NUM
ftr-365	119	2	.	.	PUNCT
ftr-365	119	3	irc	irc	PROPN
ftr-365	119	4	§	§	PROPN
ftr-365	119	5	871(g)(1)(b)(i	871(g)(1)(b)(i	NUM
ftr-365	119	6	)	)	PUNCT
ftr-365	119	7	.	.	PUNCT
ftr-365	120	1	2008	2008	NUM
ftr-365	120	2	]	]	PUNCT
ftr-365	121	1	the	the	DET
ftr-365	121	2	case	case	NOUN
ftr-365	121	3	for	for	ADP
ftr-365	121	4	residency	residency	NOUN
ftr-365	121	5	-	-	PUNCT
ftr-365	121	6	based	base	VERB
ftr-365	121	7	taxation	taxation	NOUN
ftr-365	121	8	7	7	NUM
ftr-365	121	9	gains	gain	NOUN
ftr-365	121	10	of	of	ADP
ftr-365	121	11	foreign	foreign	ADJ
ftr-365	121	12	investors	investor	NOUN
ftr-365	121	13	.	.	PUNCT
ftr-365	122	1	26	26	NUM
ftr-365	122	2	as	as	SCONJ
ftr-365	122	3	discussed	discuss	VERB
ftr-365	122	4	in	in	ADP
ftr-365	122	5	greater	great	ADJ
ftr-365	122	6	detail	detail	NOUN
ftr-365	122	7	below	below	ADV
ftr-365	122	8	,	,	PUNCT
ftr-365	122	9	many	many	ADJ
ftr-365	122	10	countries	country	NOUN
ftr-365	122	11	have	have	AUX
ftr-365	122	12	followed	follow	VERB
ftr-365	122	13	the	the	DET
ftr-365	122	14	united	united	PROPN
ftr-365	122	15	states	states	PROPN
ftr-365	122	16	in	in	ADP
ftr-365	122	17	enacting	enact	VERB
ftr-365	122	18	low	low	ADJ
ftr-365	122	19	or	or	CCONJ
ftr-365	122	20	zero	zero	NUM
ftr-365	122	21	withholding	withholding	NOUN
ftr-365	122	22	tax	tax	NOUN
ftr-365	122	23	on	on	ADP
ftr-365	122	24	interest	interest	NOUN
ftr-365	122	25	paid	pay	VERB
ftr-365	122	26	to	to	ADP
ftr-365	122	27	non	non	NOUN
ftr-365	122	28	-	-	NOUN
ftr-365	122	29	residents	resident	NOUN
ftr-365	122	30	.	.	PUNCT
ftr-365	123	1	27	27	NUM
ftr-365	123	2	as	as	SCONJ
ftr-365	123	3	intended	intend	VERB
ftr-365	123	4	,	,	PUNCT
ftr-365	123	5	the	the	DET
ftr-365	123	6	enactment	enactment	NOUN
ftr-365	123	7	of	of	ADP
ftr-365	123	8	the	the	DET
ftr-365	123	9	portfolio	portfolio	NOUN
ftr-365	123	10	interest	interest	NOUN
ftr-365	123	11	exemption	exemption	NOUN
ftr-365	123	12	has	have	AUX
ftr-365	123	13	resulted	result	VERB
ftr-365	123	14	in	in	ADP
ftr-365	123	15	a	a	DET
ftr-365	123	16	significant	significant	ADJ
ftr-365	123	17	increase	increase	NOUN
ftr-365	123	18	in	in	ADP
ftr-365	123	19	portfolio	portfolio	NOUN
ftr-365	123	20	investment	investment	NOUN
ftr-365	123	21	in	in	ADP
ftr-365	123	22	the	the	DET
ftr-365	123	23	united	united	PROPN
ftr-365	123	24	states	states	PROPN
ftr-365	123	25	.	.	PUNCT
ftr-365	124	1	28	28	NUM
ftr-365	124	2	chapter	chapter	NOUN
ftr-365	124	3	iii(b	iii(b	PROPN
ftr-365	124	4	)	)	PUNCT
ftr-365	124	5	proposes	propose	VERB
ftr-365	124	6	that	that	DET
ftr-365	124	7	country	country	NOUN
ftr-365	124	8	d	d	PART
ftr-365	124	9	establish	establish	VERB
ftr-365	124	10	a	a	DET
ftr-365	124	11	similar	similar	ADJ
ftr-365	124	12	exemption	exemption	NOUN
ftr-365	124	13	for	for	ADP
ftr-365	124	14	portfolio	portfolio	NOUN
ftr-365	124	15	investment	investment	NOUN
ftr-365	124	16	in	in	ADP
ftr-365	124	17	bonds	bond	NOUN
ftr-365	124	18	and	and	CCONJ
ftr-365	124	19	stock	stock	NOUN
ftr-365	124	20	of	of	ADP
ftr-365	124	21	domestic	domestic	ADJ
ftr-365	124	22	corporations	corporation	NOUN
ftr-365	124	23	;	;	PUNCT
ftr-365	124	24	if	if	SCONJ
ftr-365	124	25	country	country	NOUN
ftr-365	124	26	d	d	X
ftr-365	124	27	wishes	wish	VERB
ftr-365	124	28	to	to	PART
ftr-365	124	29	encourage	encourage	VERB
ftr-365	124	30	foreign	foreign	ADJ
ftr-365	124	31	investors	investor	NOUN
ftr-365	124	32	to	to	PART
ftr-365	124	33	lend	lend	VERB
ftr-365	124	34	money	money	NOUN
ftr-365	124	35	to	to	ADP
ftr-365	124	36	domestic	domestic	ADJ
ftr-365	124	37	companies	company	NOUN
ftr-365	124	38	or	or	CCONJ
ftr-365	124	39	to	to	PART
ftr-365	124	40	invest	invest	VERB
ftr-365	124	41	in	in	ADP
ftr-365	124	42	such	such	ADJ
ftr-365	124	43	companies	company	NOUN
ftr-365	124	44	’	'	PUNCT
ftr-365	124	45	stock	stock	NOUN
ftr-365	124	46	,	,	PUNCT
ftr-365	124	47	it	it	PRON
ftr-365	124	48	should	should	AUX
ftr-365	124	49	exempt	exempt	VERB
ftr-365	124	50	from	from	ADP
ftr-365	124	51	tax	tax	NOUN
ftr-365	124	52	portfolio	portfolio	NOUN
ftr-365	124	53	interest	interest	NOUN
ftr-365	124	54	and	and	CCONJ
ftr-365	124	55	dividends	dividend	NOUN
ftr-365	124	56	income	income	NOUN
ftr-365	124	57	derived	derive	VERB
ftr-365	124	58	by	by	ADP
ftr-365	124	59	such	such	ADJ
ftr-365	124	60	foreign	foreign	ADJ
ftr-365	124	61	investor	investor	NOUN
ftr-365	124	62	as	as	ADV
ftr-365	124	63	well	well	ADV
ftr-365	124	64	as	as	ADP
ftr-365	124	65	capital	capital	NOUN
ftr-365	124	66	gains	gain	NOUN
ftr-365	124	67	on	on	ADP
ftr-365	124	68	the	the	DET
ftr-365	124	69	sales	sale	NOUN
ftr-365	124	70	of	of	ADP
ftr-365	124	71	such	such	ADJ
ftr-365	124	72	instruments	instrument	NOUN
ftr-365	124	73	.	.	PUNCT
ftr-365	125	1	29	29	NUM
ftr-365	126	1	the	the	DET
ftr-365	126	2	united	united	PROPN
ftr-365	126	3	states	states	PROPN
ftr-365	126	4	has	have	VERB
ftr-365	126	5	yet	yet	ADV
ftr-365	126	6	to	to	PART
ftr-365	126	7	adopt	adopt	VERB
ftr-365	126	8	portfolio	portfolio	NOUN
ftr-365	126	9	dividend	dividend	NOUN
ftr-365	126	10	exemption	exemption	NOUN
ftr-365	126	11	,	,	PUNCT
ftr-365	126	12	and	and	CCONJ
ftr-365	126	13	while	while	SCONJ
ftr-365	126	14	this	this	DET
ftr-365	126	15	article	article	NOUN
ftr-365	126	16	does	do	AUX
ftr-365	126	17	not	not	PART
ftr-365	126	18	suggest	suggest	VERB
ftr-365	126	19	that	that	SCONJ
ftr-365	126	20	the	the	DET
ftr-365	126	21	united	united	PROPN
ftr-365	126	22	states	states	PROPN
ftr-365	126	23	adopt	adopt	VERB
ftr-365	126	24	portfolio	portfolio	NOUN
ftr-365	126	25	dividend	dividend	NOUN
ftr-365	126	26	exemption	exemption	NOUN
ftr-365	126	27	,	,	PUNCT
ftr-365	126	28	this	this	DET
ftr-365	126	29	article	article	NOUN
ftr-365	126	30	suggests	suggest	VERB
ftr-365	126	31	that	that	SCONJ
ftr-365	126	32	country	country	NOUN
ftr-365	126	33	d	d	NOUN
ftr-365	126	34	will	will	AUX
ftr-365	126	35	apply	apply	VERB
ftr-365	126	36	equal	equal	ADJ
ftr-365	126	37	treatment	treatment	NOUN
ftr-365	126	38	for	for	ADP
ftr-365	126	39	income	income	NOUN
ftr-365	126	40	from	from	ADP
ftr-365	126	41	interest	interest	NOUN
ftr-365	126	42	and	and	CCONJ
ftr-365	126	43	dividends	dividend	NOUN
ftr-365	126	44	.	.	PUNCT
ftr-365	127	1	30	30	NUM
ftr-365	128	1	with	with	ADP
ftr-365	128	2	respect	respect	NOUN
ftr-365	128	3	to	to	ADP
ftr-365	128	4	capital	capital	NOUN
ftr-365	128	5	gains	gain	NOUN
ftr-365	128	6	from	from	ADP
ftr-365	128	7	selling	sell	VERB
ftr-365	128	8	bonds	bond	NOUN
ftr-365	128	9	and	and	CCONJ
ftr-365	128	10	stock	stock	NOUN
ftr-365	128	11	of	of	ADP
ftr-365	128	12	local	local	ADJ
ftr-365	128	13	companies	company	NOUN
ftr-365	128	14	(	(	PUNCT
ftr-365	128	15	other	other	ADJ
ftr-365	128	16	than	than	ADP
ftr-365	128	17	inventory	inventory	NOUN
ftr-365	128	18	)	)	PUNCT
ftr-365	128	19	,	,	PUNCT
ftr-365	128	20	most	most	ADJ
ftr-365	128	21	countries	country	NOUN
ftr-365	128	22	,	,	PUNCT
ftr-365	128	23	including	include	VERB
ftr-365	128	24	the	the	DET
ftr-365	128	25	united	united	PROPN
ftr-365	128	26	states	states	PROPN
ftr-365	128	27	,	,	PUNCT
ftr-365	128	28	have	have	AUX
ftr-365	128	29	viewed	view	VERB
ftr-365	128	30	the	the	DET
ftr-365	128	31	source	source	NOUN
ftr-365	128	32	of	of	ADP
ftr-365	128	33	such	such	ADJ
ftr-365	128	34	gains	gain	NOUN
ftr-365	128	35	and	and	CCONJ
ftr-365	128	36	losses	loss	NOUN
ftr-365	128	37	as	as	ADP
ftr-365	128	38	the	the	DET
ftr-365	128	39	seller	seller	NOUN
ftr-365	128	40	’s	’s	PART
ftr-365	128	41	residency	residency	NOUN
ftr-365	128	42	.	.	PUNCT
ftr-365	129	1	part	part	NOUN
ftr-365	129	2	ii	ii	PROPN
ftr-365	129	3	of	of	ADP
ftr-365	129	4	this	this	DET
ftr-365	129	5	article	article	NOUN
ftr-365	129	6	will	will	AUX
ftr-365	129	7	suggest	suggest	VERB
ftr-365	129	8	that	that	SCONJ
ftr-365	129	9	country	country	NOUN
ftr-365	129	10	d	d	NOUN
ftr-365	129	11	adopts	adopt	VERB
ftr-365	129	12	this	this	DET
ftr-365	129	13	principle	principle	NOUN
ftr-365	129	14	,	,	PUNCT
ftr-365	129	15	leaving	leave	VERB
ftr-365	129	16	the	the	DET
ftr-365	129	17	sole	sole	ADJ
ftr-365	129	18	jurisdiction	jurisdiction	NOUN
ftr-365	129	19	to	to	PART
ftr-365	129	20	tax	tax	VERB
ftr-365	129	21	capital	capital	NOUN
ftr-365	129	22	gains	gain	NOUN
ftr-365	129	23	to	to	ADP
ftr-365	129	24	the	the	DET
ftr-365	129	25	residency	residency	NOUN
ftr-365	129	26	country	country	NOUN
ftr-365	129	27	.	.	PUNCT
ftr-365	130	1	31	31	NUM
ftr-365	130	2	26	26	NUM
ftr-365	130	3	.	.	PUNCT
ftr-365	131	1	irc	irc	PROPN
ftr-365	131	2	§	§	PROPN
ftr-365	131	3	§	§	PROPN
ftr-365	131	4	871(a)(2	871(a)(2	NUM
ftr-365	131	5	)	)	PUNCT
ftr-365	131	6	and	and	CCONJ
ftr-365	131	7	881(a	881(a	NUM
ftr-365	131	8	)	)	PUNCT
ftr-365	131	9	.	.	PUNCT
ftr-365	132	1	27	27	NUM
ftr-365	132	2	.	.	PUNCT
ftr-365	133	1	see	see	VERB
ftr-365	133	2	table	table	NOUN
ftr-365	133	3	1	1	NUM
ftr-365	133	4	below	below	ADV
ftr-365	133	5	.	.	PUNCT
ftr-365	134	1	see	see	AUX
ftr-365	134	2	also	also	ADV
ftr-365	134	3	avi	avi	VERB
ftr-365	134	4	-	-	PUNCT
ftr-365	134	5	yonah	yonah	NOUN
ftr-365	134	6	(	(	PUNCT
ftr-365	134	7	2000	2000	NUM
ftr-365	134	8	)	)	PUNCT
ftr-365	134	9	,	,	PUNCT
ftr-365	134	10	supra	supra	PROPN
ftr-365	134	11	note	note	NOUN
ftr-365	134	12	3	3	NUM
ftr-365	134	13	,	,	PUNCT
ftr-365	134	14	at	at	ADP
ftr-365	134	15	1581	1581	NUM
ftr-365	134	16	(	(	PUNCT
ftr-365	134	17	“	"	PUNCT
ftr-365	134	18	the	the	DET
ftr-365	134	19	united	united	PROPN
ftr-365	134	20	states	states	PROPN
ftr-365	134	21	’	'	PUNCT
ftr-365	134	22	enactment	enactment	NOUN
ftr-365	134	23	of	of	ADP
ftr-365	134	24	the	the	DET
ftr-365	134	25	portfolio	portfolio	NOUN
ftr-365	134	26	interest	interest	NOUN
ftr-365	134	27	exemption	exemption	NOUN
ftr-365	134	28	has	have	AUX
ftr-365	134	29	resulted	result	VERB
ftr-365	134	30	in	in	ADP
ftr-365	134	31	a	a	DET
ftr-365	134	32	classic	classic	ADJ
ftr-365	134	33	‘	'	PUNCT
ftr-365	134	34	race	race	NOUN
ftr-365	134	35	to	to	ADP
ftr-365	134	36	the	the	DET
ftr-365	134	37	bottom	bottom	NOUN
ftr-365	134	38	.	.	PUNCT
ftr-365	134	39	’	'	PUNCT
ftr-365	135	1	one	one	NUM
ftr-365	135	2	after	after	ADP
ftr-365	135	3	another	another	PRON
ftr-365	135	4	,	,	PUNCT
ftr-365	135	5	all	all	DET
ftr-365	135	6	the	the	DET
ftr-365	135	7	major	major	ADJ
ftr-365	135	8	economies	economy	NOUN
ftr-365	135	9	have	have	AUX
ftr-365	135	10	abolished	abolish	VERB
ftr-365	135	11	their	their	PRON
ftr-365	135	12	withholding	withholding	NOUN
ftr-365	135	13	taxes	taxis	NOUN
ftr-365	135	14	on	on	ADP
ftr-365	135	15	interest	interest	NOUN
ftr-365	135	16	for	for	ADP
ftr-365	135	17	fear	fear	NOUN
ftr-365	135	18	of	of	ADP
ftr-365	135	19	losing	lose	VERB
ftr-365	135	20	mobile	mobile	ADJ
ftr-365	135	21	capital	capital	NOUN
ftr-365	135	22	flows	flow	NOUN
ftr-365	135	23	to	to	ADP
ftr-365	135	24	the	the	DET
ftr-365	135	25	united	united	PROPN
ftr-365	135	26	states	states	PROPN
ftr-365	135	27	.	.	PUNCT
ftr-365	135	28	”	"	PUNCT
ftr-365	135	29	)	)	PUNCT
ftr-365	135	30	.	.	PUNCT
ftr-365	136	1	28	28	NUM
ftr-365	136	2	.	.	X
ftr-365	136	3	avi	avi	VERB
ftr-365	136	4	-	-	PUNCT
ftr-365	136	5	yonah	yonah	NOUN
ftr-365	136	6	(	(	PUNCT
ftr-365	136	7	1996	1996	NUM
ftr-365	136	8	)	)	PUNCT
ftr-365	136	9	,	,	PUNCT
ftr-365	136	10	supra	supra	PROPN
ftr-365	136	11	note	note	PROPN
ftr-365	136	12	7	7	NUM
ftr-365	136	13	,	,	PUNCT
ftr-365	136	14	at	at	ADP
ftr-365	136	15	1315	1315	NUM
ftr-365	136	16	;	;	PUNCT
ftr-365	136	17	edwards	edwards	PROPN
ftr-365	136	18	&	&	CCONJ
ftr-365	136	19	derugy	derugy	PROPN
ftr-365	136	20	,	,	PUNCT
ftr-365	136	21	supra	supra	PROPN
ftr-365	136	22	note	note	NOUN
ftr-365	136	23	3	3	NUM
ftr-365	136	24	,	,	PUNCT
ftr-365	136	25	at	at	ADP
ftr-365	136	26	86	86	NUM
ftr-365	136	27	.	.	PUNCT
ftr-365	136	28	29	29	NUM
ftr-365	136	29	.	.	PUNCT
ftr-365	137	1	edwards	edwards	PROPN
ftr-365	137	2	&	&	CCONJ
ftr-365	137	3	de	de	X
ftr-365	137	4	rugy	rugy	PROPN
ftr-365	137	5	,	,	PUNCT
ftr-365	137	6	supra	supra	NOUN
ftr-365	137	7	note	note	NOUN
ftr-365	137	8	3	3	NUM
ftr-365	137	9	,	,	PUNCT
ftr-365	137	10	at	at	ADP
ftr-365	137	11	86	86	NUM
ftr-365	137	12	(	(	PUNCT
ftr-365	137	13	“	"	PUNCT
ftr-365	137	14	the	the	DET
ftr-365	137	15	term	term	NOUN
ftr-365	137	16	portfolio	portfolio	NOUN
ftr-365	137	17	investments	investment	NOUN
ftr-365	137	18	is	be	AUX
ftr-365	137	19	used	use	VERB
ftr-365	137	20	.	.	PUNCT
ftr-365	137	21	.	.	PUNCT
ftr-365	137	22	.	.	PUNCT
ftr-365	138	1	to	to	PART
ftr-365	138	2	describe	describe	VERB
ftr-365	138	3	investments	investment	NOUN
ftr-365	138	4	in	in	ADP
ftr-365	138	5	stocks	stock	NOUN
ftr-365	138	6	and	and	CCONJ
ftr-365	138	7	debt	debt	NOUN
ftr-365	138	8	and	and	CCONJ
ftr-365	138	9	other	other	ADJ
ftr-365	138	10	securities	security	NOUN
ftr-365	138	11	of	of	ADP
ftr-365	138	12	u.s	u.s	PROPN
ftr-365	138	13	.	.	PROPN
ftr-365	138	14	issuers	issuer	NOUN
ftr-365	138	15	(	(	PUNCT
ftr-365	138	16	and	and	CCONJ
ftr-365	138	17	derivatives	derivative	NOUN
ftr-365	138	18	relating	relate	VERB
ftr-365	138	19	thereto	thereto	VERB
ftr-365	138	20	)	)	PUNCT
ftr-365	138	21	by	by	ADP
ftr-365	138	22	non	non	ADJ
ftr-365	138	23	-	-	ADJ
ftr-365	138	24	u.s	u.s	PROPN
ftr-365	138	25	.	.	PROPN
ftr-365	138	26	persons	person	NOUN
ftr-365	138	27	that	that	PRON
ftr-365	138	28	do	do	VERB
ftr-365	138	29	not	not	PART
ftr-365	138	30	directly	directly	ADV
ftr-365	138	31	,	,	PUNCT
ftr-365	138	32	indirectly	indirectly	ADV
ftr-365	138	33	,	,	PUNCT
ftr-365	138	34	or	or	CCONJ
ftr-365	138	35	constructively	constructively	ADV
ftr-365	138	36	own	own	VERB
ftr-365	138	37	a	a	DET
ftr-365	138	38	substantial	substantial	ADJ
ftr-365	138	39	equity	equity	NOUN
ftr-365	138	40	interest	interest	NOUN
ftr-365	138	41	in	in	ADP
ftr-365	138	42	the	the	DET
ftr-365	138	43	u.s	u.s	PROPN
ftr-365	138	44	.	.	PROPN
ftr-365	138	45	issuer	issuer	PROPN
ftr-365	138	46	,	,	PUNCT
ftr-365	138	47	where	where	SCONJ
ftr-365	138	48	such	such	ADJ
ftr-365	138	49	investments	investment	NOUN
ftr-365	138	50	are	be	AUX
ftr-365	138	51	not	not	PART
ftr-365	138	52	effectively	effectively	ADV
ftr-365	138	53	connected	connect	VERB
ftr-365	138	54	with	with	ADP
ftr-365	138	55	a	a	DET
ftr-365	138	56	u.s	u.s	PROPN
ftr-365	138	57	.	.	PROPN
ftr-365	138	58	trade	trade	NOUN
ftr-365	138	59	or	or	CCONJ
ftr-365	138	60	business	business	NOUN
ftr-365	138	61	of	of	ADP
ftr-365	138	62	such	such	ADJ
ftr-365	138	63	non	non	ADJ
ftr-365	138	64	-	-	ADJ
ftr-365	138	65	u.s	u.s	ADJ
ftr-365	138	66	.	.	PROPN
ftr-365	138	67	persons	person	NOUN
ftr-365	138	68	.	.	PUNCT
ftr-365	138	69	”	"	PUNCT
ftr-365	138	70	)	)	PUNCT
ftr-365	138	71	.	.	PUNCT
ftr-365	139	1	30	30	NUM
ftr-365	139	2	.	.	PUNCT
ftr-365	140	1	see	see	VERB
ftr-365	140	2	reich	reich	PROPN
ftr-365	140	3	,	,	PUNCT
ftr-365	140	4	supra	supra	PROPN
ftr-365	140	5	note	note	PROPN
ftr-365	140	6	11	11	NUM
ftr-365	140	7	(	(	PUNCT
ftr-365	140	8	advocating	advocate	VERB
ftr-365	140	9	an	an	DET
ftr-365	140	10	adoption	adoption	NOUN
ftr-365	140	11	of	of	ADP
ftr-365	140	12	portfolio	portfolio	NOUN
ftr-365	140	13	dividend	dividend	NOUN
ftr-365	140	14	exemption	exemption	NOUN
ftr-365	140	15	in	in	ADP
ftr-365	140	16	the	the	DET
ftr-365	140	17	united	united	PROPN
ftr-365	140	18	states	states	PROPN
ftr-365	140	19	)	)	PUNCT
ftr-365	140	20	;	;	PUNCT
ftr-365	140	21	peter	peter	PROPN
ftr-365	140	22	r.	r.	PROPN
ftr-365	140	23	merrill	merrill	PROPN
ftr-365	140	24	,	,	PUNCT
ftr-365	140	25	et	et	PROPN
ftr-365	140	26	al	al	PROPN
ftr-365	140	27	.	.	PROPN
ftr-365	140	28	,	,	PUNCT
ftr-365	140	29	tax	tax	NOUN
ftr-365	140	30	treaties	treaty	NOUN
ftr-365	140	31	in	in	ADP
ftr-365	140	32	a	a	DET
ftr-365	140	33	global	global	ADJ
ftr-365	140	34	economy	economy	NOUN
ftr-365	140	35	:	:	PUNCT
ftr-365	140	36	the	the	DET
ftr-365	140	37	case	case	NOUN
ftr-365	140	38	for	for	ADP
ftr-365	140	39	zero	zero	NUM
ftr-365	140	40	withholding	withhold	VERB
ftr-365	140	41	on	on	ADP
ftr-365	140	42	direct	direct	ADJ
ftr-365	140	43	dividends	dividend	NOUN
ftr-365	140	44	,	,	PUNCT
ftr-365	140	45	90	90	NUM
ftr-365	140	46	tni	tni	NOUN
ftr-365	140	47	90	90	NUM
ftr-365	140	48	-	-	SYM
ftr-365	140	49	8	8	NUM
ftr-365	140	50	(	(	PUNCT
ftr-365	140	51	“	"	PUNCT
ftr-365	140	52	the	the	DET
ftr-365	140	53	recent	recent	ADJ
ftr-365	140	54	proliferation	proliferation	NOUN
ftr-365	140	55	of	of	ADP
ftr-365	140	56	free	free	ADJ
ftr-365	140	57	trade	trade	NOUN
ftr-365	140	58	areas	area	NOUN
ftr-365	140	59	bolsters	bolster	VERB
ftr-365	140	60	the	the	DET
ftr-365	140	61	argument	argument	NOUN
ftr-365	140	62	for	for	ADP
ftr-365	140	63	zero	zero	NUM
ftr-365	140	64	withholding	withhold	VERB
ftr-365	140	65	on	on	ADP
ftr-365	140	66	direct	direct	ADJ
ftr-365	140	67	dividends	dividend	NOUN
ftr-365	140	68	.	.	PUNCT
ftr-365	141	1	the	the	DET
ftr-365	141	2	full	full	ADJ
ftr-365	141	3	benefits	benefit	NOUN
ftr-365	141	4	of	of	ADP
ftr-365	141	5	an	an	DET
ftr-365	141	6	integrated	integrate	VERB
ftr-365	141	7	regional	regional	ADJ
ftr-365	141	8	market	market	NOUN
ftr-365	141	9	require	require	VERB
ftr-365	141	10	elimination	elimination	NOUN
ftr-365	141	11	of	of	ADP
ftr-365	141	12	barriers	barrier	NOUN
ftr-365	141	13	to	to	ADP
ftr-365	141	14	capital	capital	NOUN
ftr-365	141	15	flows	flow	NOUN
ftr-365	141	16	–	–	PUNCT
ftr-365	141	17	including	include	VERB
ftr-365	141	18	withholding	withhold	VERB
ftr-365	141	19	taxes	taxis	NOUN
ftr-365	141	20	–	–	PUNCT
ftr-365	141	21	as	as	ADV
ftr-365	141	22	well	well	ADV
ftr-365	141	23	as	as	ADP
ftr-365	141	24	trade	trade	NOUN
ftr-365	141	25	flows	flow	NOUN
ftr-365	141	26	.	.	PUNCT
ftr-365	141	27	”	"	PUNCT
ftr-365	141	28	)	)	PUNCT
ftr-365	141	29	.	.	PUNCT
ftr-365	142	1	31	31	NUM
ftr-365	142	2	.	.	PUNCT
ftr-365	143	1	see	see	VERB
ftr-365	143	2	generally	generally	ADV
ftr-365	143	3	irc	irc	ADV
ftr-365	143	4	§	§	PROPN
ftr-365	143	5	865(a	865(a	PROPN
ftr-365	143	6	)	)	PUNCT
ftr-365	143	7	.	.	PUNCT
ftr-365	144	1	8	8	NUM
ftr-365	144	2	florida	florida	PROPN
ftr-365	144	3	tax	tax	NOUN
ftr-365	144	4	review	review	NOUN
ftr-365	145	1	[	[	X
ftr-365	145	2	vol	vol	NOUN
ftr-365	145	3	.	.	PUNCT
ftr-365	146	1	9:1	9:1	NUM
ftr-365	146	2	chapter	chapter	NOUN
ftr-365	146	3	iii(c	iii(c	PROPN
ftr-365	146	4	)	)	PUNCT
ftr-365	146	5	discusses	discuss	VERB
ftr-365	146	6	taxation	taxation	NOUN
ftr-365	146	7	rules	rule	NOUN
ftr-365	146	8	for	for	ADP
ftr-365	146	9	cross	cross	ADJ
ftr-365	146	10	-	-	ADJ
ftr-365	146	11	border	border	ADJ
ftr-365	146	12	derivatives	derivative	NOUN
ftr-365	146	13	.	.	PUNCT
ftr-365	147	1	32	32	NUM
ftr-365	147	2	in	in	ADP
ftr-365	147	3	general	general	ADJ
ftr-365	147	4	,	,	PUNCT
ftr-365	147	5	derivatives	derivative	NOUN
ftr-365	147	6	are	be	AUX
ftr-365	147	7	mainly	mainly	ADV
ftr-365	147	8	used	use	VERB
ftr-365	147	9	for	for	ADP
ftr-365	147	10	either	either	DET
ftr-365	147	11	hedging	hedge	VERB
ftr-365	147	12	33	33	NUM
ftr-365	147	13	or	or	CCONJ
ftr-365	147	14	speculation	speculation	NOUN
ftr-365	147	15	purposes	purpose	NOUN
ftr-365	147	16	.	.	PUNCT
ftr-365	148	1	with	with	ADP
ftr-365	148	2	respect	respect	NOUN
ftr-365	148	3	to	to	ADP
ftr-365	148	4	hedging	hedging	NOUN
ftr-365	148	5	,	,	PUNCT
ftr-365	148	6	it	it	PRON
ftr-365	148	7	is	be	AUX
ftr-365	148	8	generally	generally	ADV
ftr-365	148	9	accepted	accept	VERB
ftr-365	148	10	that	that	SCONJ
ftr-365	148	11	risk	risk	NOUN
ftr-365	148	12	management	management	NOUN
ftr-365	148	13	is	be	AUX
ftr-365	148	14	a	a	DET
ftr-365	148	15	crucial	crucial	ADJ
ftr-365	148	16	element	element	NOUN
ftr-365	148	17	in	in	ADP
ftr-365	148	18	every	every	DET
ftr-365	148	19	business	business	NOUN
ftr-365	148	20	’s	’s	PART
ftr-365	148	21	growth	growth	NOUN
ftr-365	148	22	.	.	PUNCT
ftr-365	149	1	34	34	NUM
ftr-365	149	2	thus	thus	ADV
ftr-365	149	3	,	,	PUNCT
ftr-365	149	4	country	country	NOUN
ftr-365	149	5	d	d	NOUN
ftr-365	149	6	would	would	AUX
ftr-365	149	7	clearly	clearly	ADV
ftr-365	149	8	want	want	VERB
ftr-365	149	9	to	to	PART
ftr-365	149	10	encourage	encourage	VERB
ftr-365	149	11	local	local	ADJ
ftr-365	149	12	businesses	business	NOUN
ftr-365	149	13	to	to	PART
ftr-365	149	14	manage	manage	VERB
ftr-365	149	15	their	their	PRON
ftr-365	149	16	risk	risk	NOUN
ftr-365	149	17	by	by	ADP
ftr-365	149	18	entering	enter	VERB
ftr-365	149	19	into	into	ADP
ftr-365	149	20	derivatives	derivative	NOUN
ftr-365	149	21	with	with	ADP
ftr-365	149	22	foreign	foreign	ADJ
ftr-365	149	23	counter	counter	NOUN
ftr-365	149	24	-	-	NOUN
ftr-365	149	25	parties	party	NOUN
ftr-365	149	26	(	(	PUNCT
ftr-365	149	27	assuming	assume	VERB
ftr-365	149	28	that	that	SCONJ
ftr-365	149	29	the	the	DET
ftr-365	149	30	local	local	ADJ
ftr-365	149	31	banks	bank	NOUN
ftr-365	149	32	could	could	AUX
ftr-365	149	33	not	not	PART
ftr-365	149	34	satisfy	satisfy	VERB
ftr-365	149	35	this	this	DET
ftr-365	149	36	need	need	NOUN
ftr-365	149	37	)	)	PUNCT
ftr-365	149	38	.	.	PUNCT
ftr-365	150	1	35	35	NUM
ftr-365	150	2	nevertheless	nevertheless	ADV
ftr-365	150	3	,	,	PUNCT
ftr-365	150	4	foreign	foreign	ADJ
ftr-365	150	5	counter	counter	NOUN
ftr-365	150	6	-	-	NOUN
ftr-365	150	7	parties	party	NOUN
ftr-365	150	8	will	will	AUX
ftr-365	150	9	hesitate	hesitate	VERB
ftr-365	150	10	to	to	PART
ftr-365	150	11	enter	enter	VERB
ftr-365	150	12	into	into	ADP
ftr-365	150	13	hedging	hedging	NOUN
ftr-365	150	14	transactions	transaction	NOUN
ftr-365	150	15	with	with	ADP
ftr-365	150	16	domestic	domestic	ADJ
ftr-365	150	17	businesses	business	NOUN
ftr-365	150	18	in	in	ADP
ftr-365	150	19	country	country	NOUN
ftr-365	151	1	d	d	NOUN
ftr-365	151	2	if	if	SCONJ
ftr-365	151	3	income	income	NOUN
ftr-365	151	4	from	from	ADP
ftr-365	151	5	such	such	ADJ
ftr-365	151	6	transactions	transaction	NOUN
ftr-365	151	7	will	will	AUX
ftr-365	151	8	be	be	AUX
ftr-365	151	9	subject	subject	ADJ
ftr-365	151	10	to	to	ADP
ftr-365	151	11	tax	tax	NOUN
ftr-365	151	12	in	in	ADP
ftr-365	151	13	the	the	DET
ftr-365	151	14	source	source	NOUN
ftr-365	151	15	country	country	NOUN
ftr-365	151	16	.	.	PUNCT
ftr-365	152	1	36	36	NUM
ftr-365	152	2	this	this	DET
ftr-365	152	3	article	article	NOUN
ftr-365	152	4	will	will	AUX
ftr-365	152	5	suggest	suggest	VERB
ftr-365	152	6	,	,	PUNCT
ftr-365	152	7	therefore	therefore	ADV
ftr-365	152	8	,	,	PUNCT
ftr-365	152	9	that	that	DET
ftr-365	152	10	country	country	NOUN
ftr-365	152	11	d	d	PART
ftr-365	152	12	establish	establish	VERB
ftr-365	152	13	that	that	DET
ftr-365	152	14	income	income	NOUN
ftr-365	152	15	from	from	ADP
ftr-365	152	16	derivatives	derivative	NOUN
ftr-365	152	17	would	would	AUX
ftr-365	152	18	be	be	AUX
ftr-365	152	19	taxed	tax	VERB
ftr-365	152	20	by	by	ADP
ftr-365	152	21	the	the	DET
ftr-365	152	22	residency	residency	NOUN
ftr-365	152	23	country	country	NOUN
ftr-365	152	24	of	of	ADP
ftr-365	152	25	the	the	DET
ftr-365	152	26	recipient	recipient	NOUN
ftr-365	152	27	of	of	ADP
ftr-365	152	28	the	the	DET
ftr-365	152	29	income	income	NOUN
ftr-365	152	30	.	.	PUNCT
ftr-365	153	1	37	37	NUM
ftr-365	153	2	the	the	DET
ftr-365	153	3	united	united	PROPN
ftr-365	153	4	32	32	NUM
ftr-365	153	5	.	.	PUNCT
ftr-365	154	1	for	for	ADP
ftr-365	154	2	an	an	DET
ftr-365	154	3	excellent	excellent	ADJ
ftr-365	154	4	overview	overview	NOUN
ftr-365	154	5	of	of	ADP
ftr-365	154	6	the	the	DET
ftr-365	154	7	cross	cross	ADJ
ftr-365	154	8	-	-	ADJ
ftr-365	154	9	border	border	ADJ
ftr-365	154	10	aspects	aspect	NOUN
ftr-365	154	11	of	of	ADP
ftr-365	154	12	derivative	derivative	ADJ
ftr-365	154	13	transactions	transaction	NOUN
ftr-365	154	14	,	,	PUNCT
ftr-365	154	15	see	see	VERB
ftr-365	154	16	h.	h.	PROPN
ftr-365	154	17	david	david	PROPN
ftr-365	154	18	rosenbloom	rosenbloom	PROPN
ftr-365	154	19	,	,	PUNCT
ftr-365	154	20	source	source	NOUN
ftr-365	154	21	-	-	PUNCT
ftr-365	154	22	basis	basis	NOUN
ftr-365	154	23	taxation	taxation	NOUN
ftr-365	154	24	of	of	ADP
ftr-365	154	25	derivative	derivative	ADJ
ftr-365	154	26	financial	financial	ADJ
ftr-365	154	27	instruments	instrument	NOUN
ftr-365	154	28	:	:	PUNCT
ftr-365	154	29	some	some	DET
ftr-365	154	30	unanswered	unanswered	ADJ
ftr-365	154	31	questions	question	NOUN
ftr-365	154	32	,	,	PUNCT
ftr-365	154	33	50	50	NUM
ftr-365	154	34	u.	u.	PROPN
ftr-365	154	35	miami	miami	PROPN
ftr-365	154	36	l.	l.	PROPN
ftr-365	154	37	rev	rev	PROPN
ftr-365	154	38	.	.	PROPN
ftr-365	155	1	597	597	NUM
ftr-365	155	2	(	(	PUNCT
ftr-365	155	3	1996	1996	NUM
ftr-365	155	4	)	)	PUNCT
ftr-365	155	5	.	.	PUNCT
ftr-365	156	1	see	see	VERB
ftr-365	156	2	also	also	ADV
ftr-365	156	3	yoram	yoram	PROPN
ftr-365	156	4	keinan	keinan	PROPN
ftr-365	156	5	,	,	PUNCT
ftr-365	156	6	united	united	PROPN
ftr-365	156	7	states	states	PROPN
ftr-365	156	8	federal	federal	ADJ
ftr-365	156	9	taxation	taxation	NOUN
ftr-365	156	10	of	of	ADP
ftr-365	156	11	derivatives	derivative	NOUN
ftr-365	156	12	:	:	PUNCT
ftr-365	156	13	one	one	NUM
ftr-365	156	14	way	way	NOUN
ftr-365	156	15	or	or	CCONJ
ftr-365	156	16	many	many	ADJ
ftr-365	156	17	?	?	PUNCT
ftr-365	156	18	,	,	PUNCT
ftr-365	156	19	61(1	61(1	NOUN
ftr-365	156	20	)	)	PUNCT
ftr-365	156	21	tax	tax	NOUN
ftr-365	156	22	lawyer	lawyer	NOUN
ftr-365	156	23	81	81	NUM
ftr-365	156	24	,	,	PUNCT
ftr-365	156	25	143	143	NUM
ftr-365	156	26	-	-	SYM
ftr-365	156	27	6	6	NUM
ftr-365	156	28	,	,	PUNCT
ftr-365	156	29	155	155	NUM
ftr-365	156	30	-	-	SYM
ftr-365	156	31	7	7	NUM
ftr-365	156	32	(	(	PUNCT
ftr-365	156	33	fall	fall	NOUN
ftr-365	156	34	2007	2007	NUM
ftr-365	156	35	)	)	PUNCT
ftr-365	156	36	(	(	PUNCT
ftr-365	156	37	discussing	discuss	VERB
ftr-365	156	38	the	the	DET
ftr-365	156	39	cross	cross	ADJ
ftr-365	156	40	-	-	ADJ
ftr-365	156	41	border	border	ADJ
ftr-365	156	42	tax	tax	NOUN
ftr-365	156	43	rules	rule	NOUN
ftr-365	156	44	for	for	ADP
ftr-365	156	45	derivatives	derivative	NOUN
ftr-365	156	46	in	in	ADP
ftr-365	156	47	the	the	DET
ftr-365	156	48	united	united	PROPN
ftr-365	156	49	states	states	PROPN
ftr-365	156	50	)	)	PUNCT
ftr-365	156	51	.	.	PUNCT
ftr-365	157	1	33	33	NUM
ftr-365	157	2	.	.	PUNCT
ftr-365	158	1	i	i	PRON
ftr-365	158	2	d.	d.	PROPN
ftr-365	158	3	at	at	ADP
ftr-365	158	4	597	597	NUM
ftr-365	158	5	-	-	SYM
ftr-365	158	6	98	98	NUM
ftr-365	158	7	(	(	PUNCT
ftr-365	158	8	“	"	PUNCT
ftr-365	158	9	a	a	DET
ftr-365	158	10	derivative	derivative	ADJ
ftr-365	158	11	financial	financial	ADJ
ftr-365	158	12	instrument	instrument	NOUN
ftr-365	158	13	is	be	AUX
ftr-365	158	14	a	a	DET
ftr-365	158	15	device	device	NOUN
ftr-365	158	16	used	use	VERB
ftr-365	158	17	to	to	PART
ftr-365	158	18	shift	shift	VERB
ftr-365	158	19	risk	risk	NOUN
ftr-365	158	20	from	from	ADP
ftr-365	158	21	one	one	NUM
ftr-365	158	22	party	party	NOUN
ftr-365	158	23	to	to	ADP
ftr-365	158	24	another	another	PRON
ftr-365	158	25	.	.	PUNCT
ftr-365	159	1	on	on	ADP
ftr-365	159	2	this	this	DET
ftr-365	159	3	fundamental	fundamental	ADJ
ftr-365	159	4	point	point	NOUN
ftr-365	159	5	,	,	PUNCT
ftr-365	159	6	derivatives	derivative	NOUN
ftr-365	159	7	resemble	resemble	VERB
ftr-365	159	8	insurance	insurance	NOUN
ftr-365	159	9	,	,	PUNCT
ftr-365	159	10	a	a	DET
ftr-365	159	11	concept	concept	NOUN
ftr-365	159	12	familiar	familiar	ADJ
ftr-365	159	13	to	to	ADP
ftr-365	159	14	anyone	anyone	PRON
ftr-365	159	15	who	who	PRON
ftr-365	159	16	has	have	AUX
ftr-365	159	17	purchased	purchase	VERB
ftr-365	159	18	a	a	DET
ftr-365	159	19	vehicle	vehicle	NOUN
ftr-365	159	20	or	or	CCONJ
ftr-365	159	21	home	home	NOUN
ftr-365	159	22	.	.	PUNCT
ftr-365	160	1	in	in	ADP
ftr-365	160	2	an	an	DET
ftr-365	160	3	insurance	insurance	NOUN
ftr-365	160	4	transaction	transaction	NOUN
ftr-365	160	5	one	one	NUM
ftr-365	160	6	party	party	NOUN
ftr-365	160	7	pays	pay	VERB
ftr-365	160	8	a	a	DET
ftr-365	160	9	fee	fee	NOUN
ftr-365	160	10	,	,	PUNCT
ftr-365	160	11	or	or	CCONJ
ftr-365	160	12	premium	premium	NOUN
ftr-365	160	13	,	,	PUNCT
ftr-365	160	14	to	to	ADP
ftr-365	160	15	another	another	PRON
ftr-365	160	16	.	.	PUNCT
ftr-365	161	1	in	in	ADP
ftr-365	161	2	return	return	NOUN
ftr-365	161	3	,	,	PUNCT
ftr-365	161	4	the	the	DET
ftr-365	161	5	other	other	ADJ
ftr-365	161	6	party	party	NOUN
ftr-365	161	7	undertakes	undertake	VERB
ftr-365	161	8	the	the	DET
ftr-365	161	9	risk	risk	NOUN
ftr-365	161	10	of	of	ADP
ftr-365	161	11	paying	pay	VERB
ftr-365	161	12	the	the	DET
ftr-365	161	13	first	first	ADJ
ftr-365	161	14	party	party	NOUN
ftr-365	161	15	up	up	ADP
ftr-365	161	16	to	to	ADP
ftr-365	161	17	a	a	DET
ftr-365	161	18	specified	specify	VERB
ftr-365	161	19	amount	amount	NOUN
ftr-365	161	20	in	in	ADP
ftr-365	161	21	the	the	DET
ftr-365	161	22	event	event	NOUN
ftr-365	161	23	of	of	ADP
ftr-365	161	24	a	a	DET
ftr-365	161	25	specified	specified	ADJ
ftr-365	161	26	occurrence	occurrence	NOUN
ftr-365	161	27	(	(	PUNCT
ftr-365	161	28	such	such	ADJ
ftr-365	161	29	as	as	ADP
ftr-365	161	30	a	a	DET
ftr-365	161	31	theft	theft	NOUN
ftr-365	161	32	or	or	CCONJ
ftr-365	161	33	fire	fire	NOUN
ftr-365	161	34	)	)	PUNCT
ftr-365	161	35	.	.	PUNCT
ftr-365	162	1	if	if	SCONJ
ftr-365	162	2	the	the	DET
ftr-365	162	3	occurrence	occurrence	NOUN
ftr-365	162	4	comes	come	VERB
ftr-365	162	5	to	to	PART
ftr-365	162	6	pass	pass	VERB
ftr-365	162	7	,	,	PUNCT
ftr-365	162	8	the	the	DET
ftr-365	162	9	first	first	ADJ
ftr-365	162	10	party	party	NOUN
ftr-365	162	11	has	have	VERB
ftr-365	162	12	a	a	DET
ftr-365	162	13	claim	claim	NOUN
ftr-365	162	14	against	against	ADP
ftr-365	162	15	the	the	DET
ftr-365	162	16	second	second	ADJ
ftr-365	162	17	,	,	PUNCT
ftr-365	162	18	which	which	PRON
ftr-365	162	19	gives	give	VERB
ftr-365	162	20	value	value	NOUN
ftr-365	162	21	to	to	ADP
ftr-365	162	22	the	the	DET
ftr-365	162	23	insurance	insurance	NOUN
ftr-365	162	24	contract	contract	NOUN
ftr-365	162	25	.	.	PUNCT
ftr-365	163	1	that	that	DET
ftr-365	163	2	value	value	NOUN
ftr-365	163	3	depends	depend	VERB
ftr-365	163	4	on	on	ADP
ftr-365	163	5	,	,	PUNCT
ftr-365	163	6	or	or	CCONJ
ftr-365	163	7	derives	derive	VERB
ftr-365	163	8	from	from	ADP
ftr-365	163	9	,	,	PUNCT
ftr-365	163	10	the	the	DET
ftr-365	163	11	occurrence	occurrence	NOUN
ftr-365	163	12	,	,	PUNCT
ftr-365	163	13	which	which	PRON
ftr-365	163	14	is	be	AUX
ftr-365	163	15	typically	typically	ADV
ftr-365	163	16	beyond	beyond	ADP
ftr-365	163	17	the	the	DET
ftr-365	163	18	influence	influence	NOUN
ftr-365	163	19	or	or	CCONJ
ftr-365	163	20	control	control	NOUN
ftr-365	163	21	of	of	ADP
ftr-365	163	22	either	either	DET
ftr-365	163	23	party	party	NOUN
ftr-365	163	24	,	,	PUNCT
ftr-365	163	25	and	and	CCONJ
ftr-365	163	26	the	the	DET
ftr-365	163	27	extent	extent	NOUN
ftr-365	163	28	of	of	ADP
ftr-365	163	29	the	the	DET
ftr-365	163	30	resulting	result	VERB
ftr-365	163	31	loss	loss	NOUN
ftr-365	163	32	.	.	PUNCT
ftr-365	164	1	if	if	SCONJ
ftr-365	164	2	the	the	DET
ftr-365	164	3	occurrence	occurrence	NOUN
ftr-365	164	4	does	do	AUX
ftr-365	164	5	not	not	PART
ftr-365	164	6	come	come	VERB
ftr-365	164	7	to	to	PART
ftr-365	164	8	pass	pass	VERB
ftr-365	164	9	,	,	PUNCT
ftr-365	164	10	the	the	DET
ftr-365	164	11	contract	contract	NOUN
ftr-365	164	12	expires	expire	VERB
ftr-365	164	13	without	without	ADP
ftr-365	164	14	having	have	VERB
ftr-365	164	15	any	any	DET
ftr-365	164	16	value	value	NOUN
ftr-365	164	17	to	to	ADP
ftr-365	164	18	the	the	DET
ftr-365	164	19	first	first	ADJ
ftr-365	164	20	party	party	NOUN
ftr-365	164	21	.	.	PUNCT
ftr-365	165	1	yet	yet	ADV
ftr-365	165	2	,	,	PUNCT
ftr-365	165	3	such	such	DET
ftr-365	165	4	a	a	DET
ftr-365	165	5	transaction	transaction	NOUN
ftr-365	165	6	is	be	AUX
ftr-365	165	7	sensible	sensible	ADJ
ftr-365	165	8	because	because	SCONJ
ftr-365	165	9	,	,	PUNCT
ftr-365	165	10	during	during	ADP
ftr-365	165	11	the	the	DET
ftr-365	165	12	specified	specified	ADJ
ftr-365	165	13	period	period	NOUN
ftr-365	165	14	,	,	PUNCT
ftr-365	165	15	the	the	DET
ftr-365	165	16	insured	insure	VERB
ftr-365	165	17	was	be	AUX
ftr-365	165	18	relieved	relieve	VERB
ftr-365	165	19	of	of	ADP
ftr-365	165	20	the	the	DET
ftr-365	165	21	risk	risk	NOUN
ftr-365	165	22	of	of	ADP
ftr-365	165	23	suffering	suffer	VERB
ftr-365	165	24	loss	loss	NOUN
ftr-365	165	25	as	as	ADP
ftr-365	165	26	a	a	DET
ftr-365	165	27	result	result	NOUN
ftr-365	165	28	of	of	ADP
ftr-365	165	29	the	the	DET
ftr-365	165	30	specified	specified	ADJ
ftr-365	165	31	event	event	NOUN
ftr-365	165	32	by	by	ADP
ftr-365	165	33	shifting	shift	VERB
ftr-365	165	34	the	the	DET
ftr-365	165	35	economic	economic	ADJ
ftr-365	165	36	burden	burden	NOUN
ftr-365	165	37	of	of	ADP
ftr-365	165	38	that	that	DET
ftr-365	165	39	risk	risk	NOUN
ftr-365	165	40	to	to	ADP
ftr-365	165	41	the	the	DET
ftr-365	165	42	insurer	insurer	NOUN
ftr-365	165	43	.	.	PUNCT
ftr-365	165	44	”	"	PUNCT
ftr-365	165	45	)	)	PUNCT
ftr-365	165	46	.	.	PUNCT
ftr-365	166	1	see	see	VERB
ftr-365	166	2	also	also	ADV
ftr-365	166	3	keinan	keinan	X
ftr-365	166	4	(	(	PUNCT
ftr-365	166	5	2007	2007	NUM
ftr-365	166	6	)	)	PUNCT
ftr-365	166	7	,	,	PUNCT
ftr-365	166	8	supra	supra	PROPN
ftr-365	166	9	note	note	NOUN
ftr-365	166	10	32	32	NUM
ftr-365	166	11	,	,	PUNCT
ftr-365	166	12	at	at	ADP
ftr-365	166	13	87	87	NUM
ftr-365	166	14	-	-	SYM
ftr-365	166	15	8	8	NUM
ftr-365	166	16	.	.	PUNCT
ftr-365	167	1	34	34	NUM
ftr-365	167	2	.	.	PUNCT
ftr-365	168	1	see	see	VERB
ftr-365	168	2	colon	colon	NOUN
ftr-365	168	3	,	,	PUNCT
ftr-365	168	4	supra	supra	NOUN
ftr-365	168	5	note	note	NOUN
ftr-365	168	6	5	5	NUM
ftr-365	168	7	,	,	PUNCT
ftr-365	168	8	at	at	ADP
ftr-365	168	9	777	777	NUM
ftr-365	168	10	(	(	PUNCT
ftr-365	168	11	“	"	PUNCT
ftr-365	168	12	financial	financial	ADJ
ftr-365	168	13	instruments	instrument	NOUN
ftr-365	168	14	permit	permit	VERB
ftr-365	168	15	firms	firm	NOUN
ftr-365	168	16	to	to	PART
ftr-365	168	17	transfer	transfer	VERB
ftr-365	168	18	financial	financial	ADJ
ftr-365	168	19	price	price	NOUN
ftr-365	168	20	risks	risk	NOUN
ftr-365	168	21	to	to	ADP
ftr-365	168	22	other	other	ADJ
ftr-365	168	23	investors	investor	NOUN
ftr-365	168	24	better	well	ADV
ftr-365	168	25	able	able	ADJ
ftr-365	168	26	or	or	CCONJ
ftr-365	168	27	more	more	ADV
ftr-365	168	28	willing	willing	ADJ
ftr-365	168	29	to	to	PART
ftr-365	168	30	bear	bear	VERB
ftr-365	168	31	such	such	ADJ
ftr-365	168	32	risks	risk	NOUN
ftr-365	168	33	.	.	PUNCT
ftr-365	169	1	financial	financial	ADJ
ftr-365	169	2	instruments	instrument	NOUN
ftr-365	169	3	help	help	VERB
ftr-365	169	4	firms	firm	NOUN
ftr-365	169	5	to	to	PART
ftr-365	169	6	lower	lower	VERB
ftr-365	169	7	their	their	PRON
ftr-365	169	8	financing	financing	NOUN
ftr-365	169	9	costs	cost	NOUN
ftr-365	169	10	and	and	CCONJ
ftr-365	169	11	hedge	hedge	VERB
ftr-365	169	12	more	more	ADV
ftr-365	169	13	efficiently	efficiently	ADV
ftr-365	169	14	in	in	ADP
ftr-365	169	15	both	both	CCONJ
ftr-365	169	16	specific	specific	ADJ
ftr-365	169	17	transactions	transaction	NOUN
ftr-365	169	18	,	,	PUNCT
ftr-365	169	19	such	such	ADJ
ftr-365	169	20	as	as	ADP
ftr-365	169	21	the	the	DET
ftr-365	169	22	purchase	purchase	NOUN
ftr-365	169	23	or	or	CCONJ
ftr-365	169	24	sale	sale	NOUN
ftr-365	169	25	of	of	ADP
ftr-365	169	26	products	product	NOUN
ftr-365	169	27	in	in	ADP
ftr-365	169	28	foreign	foreign	ADJ
ftr-365	169	29	currency	currency	NOUN
ftr-365	169	30	,	,	PUNCT
ftr-365	169	31	as	as	ADV
ftr-365	169	32	well	well	ADV
ftr-365	169	33	as	as	ADP
ftr-365	169	34	in	in	ADP
ftr-365	169	35	strategic	strategic	ADJ
ftr-365	169	36	cash	cash	NOUN
ftr-365	169	37	flow	flow	NOUN
ftr-365	169	38	hedging	hedging	NOUN
ftr-365	169	39	.	.	PUNCT
ftr-365	169	40	”	"	PUNCT
ftr-365	169	41	)	)	PUNCT
ftr-365	169	42	.	.	PUNCT
ftr-365	170	1	35	35	NUM
ftr-365	170	2	.	.	PUNCT
ftr-365	170	3	see	see	VERB
ftr-365	170	4	generally	generally	ADV
ftr-365	170	5	tax	tax	NOUN
ftr-365	170	6	aspects	aspect	NOUN
ftr-365	170	7	of	of	ADP
ftr-365	170	8	derivative	derivative	ADJ
ftr-365	170	9	financial	financial	ADJ
ftr-365	170	10	instruments	instrument	NOUN
ftr-365	170	11	,	,	PUNCT
ftr-365	170	12	49th	49th	ADJ
ftr-365	170	13	ifa	ifa	PROPN
ftr-365	170	14	cong	cong	NOUN
ftr-365	170	15	.	.	PUNCT
ftr-365	171	1	res	re	NOUN
ftr-365	171	2	.	.	PUNCT
ftr-365	172	1	(	(	PUNCT
ftr-365	172	2	cannes	canne	NOUN
ftr-365	172	3	1995	1995	NUM
ftr-365	172	4	)	)	PUNCT
ftr-365	173	1	[	[	X
ftr-365	173	2	hereinafter	hereinafter	NOUN
ftr-365	173	3	“	"	PUNCT
ftr-365	173	4	ifa	ifa	PROPN
ftr-365	173	5	report	report	NOUN
ftr-365	173	6	(	(	PUNCT
ftr-365	173	7	1995	1995	NUM
ftr-365	173	8	)	)	PUNCT
ftr-365	173	9	”	"	PUNCT
ftr-365	173	10	]	]	PUNCT
ftr-365	173	11	.	.	PUNCT
ftr-365	174	1	see	see	VERB
ftr-365	174	2	also	also	ADV
ftr-365	174	3	thuronyi	thuronyi	PROPN
ftr-365	174	4	,	,	PUNCT
ftr-365	174	5	supra	supra	PROPN
ftr-365	174	6	note	note	PROPN
ftr-365	174	7	10	10	NUM
ftr-365	174	8	,	,	PUNCT
ftr-365	174	9	at	at	ADP
ftr-365	174	10	264	264	NUM
ftr-365	174	11	.	.	PUNCT
ftr-365	175	1	36	36	NUM
ftr-365	175	2	.	.	PUNCT
ftr-365	176	1	i	i	PRON
ftr-365	176	2	d.	d.	PROPN
ftr-365	176	3	37	37	NUM
ftr-365	176	4	.	.	PUNCT
ftr-365	177	1	see	see	VERB
ftr-365	177	2	,	,	PUNCT
ftr-365	177	3	e.g.	e.g.	ADV
ftr-365	177	4	,	,	PUNCT
ftr-365	177	5	treas	treas	PROPN
ftr-365	177	6	.	.	PUNCT
ftr-365	178	1	regs	regs	PROPN
ftr-365	178	2	.	.	PUNCT
ftr-365	179	1	§	§	PROPN
ftr-365	179	2	1.863	1.863	NUM
ftr-365	179	3	-	-	SYM
ftr-365	179	4	7(b	7(b	NUM
ftr-365	179	5	)	)	PUNCT
ftr-365	179	6	(	(	PUNCT
ftr-365	179	7	setting	set	VERB
ftr-365	179	8	forth	forth	ADP
ftr-365	179	9	for	for	ADP
ftr-365	179	10	a	a	DET
ftr-365	179	11	similar	similar	ADJ
ftr-365	179	12	rule	rule	NOUN
ftr-365	179	13	in	in	ADP
ftr-365	179	14	the	the	DET
ftr-365	179	15	united	united	PROPN
ftr-365	179	16	states	states	PROPN
ftr-365	179	17	(	(	PUNCT
ftr-365	179	18	that	that	SCONJ
ftr-365	179	19	only	only	ADV
ftr-365	179	20	applies	apply	VERB
ftr-365	179	21	to	to	ADP
ftr-365	179	22	periodic	periodic	ADJ
ftr-365	179	23	payments	payment	NOUN
ftr-365	179	24	on	on	ADP
ftr-365	179	25	notional	notional	ADJ
ftr-365	179	26	principal	principal	ADJ
ftr-365	179	27	contracts	contract	NOUN
ftr-365	179	28	)	)	PUNCT
ftr-365	179	29	.	.	PUNCT
ftr-365	180	1	see	see	VERB
ftr-365	180	2	also	also	ADV
ftr-365	180	3	similar	similar	ADJ
ftr-365	180	4	rules	rule	NOUN
ftr-365	180	5	in	in	ADP
ftr-365	180	6	canada	canada	PROPN
ftr-365	180	7	and	and	CCONJ
ftr-365	180	8	the	the	DET
ftr-365	180	9	united	united	PROPN
ftr-365	180	10	kingdom	kingdom	PROPN
ftr-365	180	11	discussed	discuss	VERB
ftr-365	180	12	below	below	ADV
ftr-365	180	13	;	;	PUNCT
ftr-365	180	14	rosenbloom	rosenbloom	NOUN
ftr-365	180	15	,	,	PUNCT
ftr-365	180	16	2008	2008	NUM
ftr-365	180	17	]	]	PUNCT
ftr-365	180	18	the	the	DET
ftr-365	180	19	case	case	NOUN
ftr-365	180	20	for	for	ADP
ftr-365	180	21	residency	residency	NOUN
ftr-365	180	22	-	-	PUNCT
ftr-365	180	23	based	base	VERB
ftr-365	180	24	taxation	taxation	NOUN
ftr-365	180	25	9	9	NUM
ftr-365	180	26	states	state	NOUN
ftr-365	180	27	has	have	AUX
ftr-365	180	28	adopted	adopt	VERB
ftr-365	180	29	similar	similar	ADJ
ftr-365	180	30	source	source	NOUN
ftr-365	180	31	rules	rule	NOUN
ftr-365	180	32	for	for	ADP
ftr-365	180	33	periodic	periodic	ADJ
ftr-365	180	34	income	income	NOUN
ftr-365	180	35	from	from	ADP
ftr-365	180	36	notional	notional	ADJ
ftr-365	180	37	principal	principal	ADJ
ftr-365	180	38	contracts	contract	NOUN
ftr-365	180	39	with	with	ADP
ftr-365	180	40	the	the	DET
ftr-365	180	41	clear	clear	ADJ
ftr-365	180	42	purpose	purpose	NOUN
ftr-365	180	43	of	of	ADP
ftr-365	180	44	allowing	allow	VERB
ftr-365	180	45	domestic	domestic	ADJ
ftr-365	180	46	business	business	NOUN
ftr-365	180	47	more	more	ADJ
ftr-365	180	48	access	access	NOUN
ftr-365	180	49	to	to	ADP
ftr-365	180	50	the	the	DET
ftr-365	180	51	foreign	foreign	ADJ
ftr-365	180	52	derivatives	derivative	NOUN
ftr-365	180	53	markets	market	NOUN
ftr-365	180	54	.	.	PUNCT
ftr-365	181	1	38	38	NUM
ftr-365	181	2	as	as	ADP
ftr-365	181	3	for	for	ADP
ftr-365	181	4	other	other	ADJ
ftr-365	181	5	derivative	derivative	ADJ
ftr-365	181	6	contracts	contract	NOUN
ftr-365	181	7	(	(	PUNCT
ftr-365	181	8	options	option	NOUN
ftr-365	181	9	,	,	PUNCT
ftr-365	181	10	forwards	forward	NOUN
ftr-365	181	11	and	and	CCONJ
ftr-365	181	12	futures	future	NOUN
ftr-365	181	13	)	)	PUNCT
ftr-365	181	14	,	,	PUNCT
ftr-365	181	15	there	there	PRON
ftr-365	181	16	are	be	VERB
ftr-365	181	17	no	no	DET
ftr-365	181	18	specific	specific	ADJ
ftr-365	181	19	source	source	NOUN
ftr-365	181	20	rules	rule	NOUN
ftr-365	181	21	in	in	ADP
ftr-365	181	22	the	the	DET
ftr-365	181	23	u.s	u.s	PROPN
ftr-365	181	24	.	.	PROPN
ftr-365	181	25	,	,	PUNCT
ftr-365	181	26	but	but	CCONJ
ftr-365	181	27	in	in	ADP
ftr-365	181	28	general	general	ADJ
ftr-365	181	29	,	,	PUNCT
ftr-365	181	30	the	the	DET
ftr-365	181	31	income	income	NOUN
ftr-365	181	32	from	from	ADP
ftr-365	181	33	such	such	ADJ
ftr-365	181	34	contracts	contract	NOUN
ftr-365	181	35	is	be	AUX
ftr-365	181	36	taxed	tax	VERB
ftr-365	181	37	by	by	ADP
ftr-365	181	38	the	the	DET
ftr-365	181	39	residency	residency	NOUN
ftr-365	181	40	country	country	NOUN
ftr-365	181	41	.	.	PUNCT
ftr-365	182	1	39	39	NUM
ftr-365	183	1	the	the	DET
ftr-365	183	2	result	result	NOUN
ftr-365	183	3	is	be	AUX
ftr-365	183	4	that	that	SCONJ
ftr-365	183	5	income	income	NOUN
ftr-365	183	6	from	from	ADP
ftr-365	183	7	all	all	DET
ftr-365	183	8	types	type	NOUN
ftr-365	183	9	of	of	ADP
ftr-365	183	10	derivative	derivative	ADJ
ftr-365	183	11	contracts	contract	NOUN
ftr-365	183	12	,	,	PUNCT
ftr-365	183	13	which	which	PRON
ftr-365	183	14	is	be	AUX
ftr-365	183	15	not	not	PART
ftr-365	183	16	effectively	effectively	ADV
ftr-365	183	17	connected	connect	VERB
ftr-365	183	18	to	to	ADP
ftr-365	183	19	a	a	DET
ftr-365	183	20	domestic	domestic	ADJ
ftr-365	183	21	trade	trade	NOUN
ftr-365	183	22	or	or	CCONJ
ftr-365	183	23	business	business	NOUN
ftr-365	183	24	in	in	ADP
ftr-365	183	25	the	the	DET
ftr-365	183	26	source	source	NOUN
ftr-365	183	27	country	country	NOUN
ftr-365	183	28	,	,	PUNCT
ftr-365	183	29	is	be	AUX
ftr-365	183	30	rarely	rarely	ADV
ftr-365	183	31	taxed	tax	VERB
ftr-365	183	32	by	by	ADP
ftr-365	183	33	the	the	DET
ftr-365	183	34	source	source	NOUN
ftr-365	183	35	country	country	NOUN
ftr-365	183	36	.	.	PUNCT
ftr-365	184	1	40	40	NUM
ftr-365	184	2	this	this	PRON
ftr-365	184	3	will	will	AUX
ftr-365	184	4	be	be	AUX
ftr-365	184	5	my	my	PRON
ftr-365	184	6	suggestion	suggestion	NOUN
ftr-365	184	7	for	for	ADP
ftr-365	184	8	country	country	NOUN
ftr-365	184	9	d	d	NOUN
ftr-365	184	10	as	as	ADV
ftr-365	184	11	well	well	ADV
ftr-365	184	12	.	.	PUNCT
ftr-365	185	1	with	with	ADP
ftr-365	185	2	regard	regard	NOUN
ftr-365	185	3	to	to	ADP
ftr-365	185	4	derivatives	derivative	NOUN
ftr-365	185	5	entered	enter	VERB
ftr-365	185	6	into	into	ADP
ftr-365	185	7	for	for	ADP
ftr-365	185	8	speculation	speculation	NOUN
ftr-365	185	9	purposes	purpose	NOUN
ftr-365	185	10	,	,	PUNCT
ftr-365	185	11	these	these	DET
ftr-365	185	12	rules	rule	NOUN
ftr-365	185	13	would	would	AUX
ftr-365	185	14	be	be	AUX
ftr-365	185	15	covered	cover	VERB
ftr-365	185	16	under	under	ADP
ftr-365	185	17	the	the	DET
ftr-365	185	18	proposal	proposal	NOUN
ftr-365	185	19	for	for	ADP
ftr-365	185	20	securities	security	NOUN
ftr-365	185	21	trading	trading	NOUN
ftr-365	185	22	set	set	VERB
ftr-365	185	23	forth	forth	ADV
ftr-365	185	24	below	below	ADV
ftr-365	185	25	.	.	PUNCT
ftr-365	186	1	this	this	DET
ftr-365	186	2	article	article	NOUN
ftr-365	186	3	also	also	ADV
ftr-365	186	4	suggest	suggest	VERB
ftr-365	186	5	that	that	SCONJ
ftr-365	186	6	that	that	SCONJ
ftr-365	186	7	tax	tax	NOUN
ftr-365	186	8	treaties	treaty	NOUN
ftr-365	186	9	include	include	VERB
ftr-365	186	10	similar	similar	ADJ
ftr-365	186	11	provisions	provision	NOUN
ftr-365	186	12	.	.	PUNCT
ftr-365	187	1	as	as	ADP
ftr-365	187	2	of	of	ADP
ftr-365	187	3	today	today	NOUN
ftr-365	187	4	,	,	PUNCT
ftr-365	187	5	only	only	ADV
ftr-365	187	6	a	a	DET
ftr-365	187	7	few	few	ADJ
ftr-365	187	8	countries	country	NOUN
ftr-365	187	9	have	have	VERB
ftr-365	187	10	source	source	NOUN
ftr-365	187	11	rules	rule	NOUN
ftr-365	187	12	for	for	ADP
ftr-365	187	13	income	income	NOUN
ftr-365	187	14	from	from	ADP
ftr-365	187	15	derivatives	derivative	NOUN
ftr-365	187	16	,	,	PUNCT
ftr-365	187	17	and	and	CCONJ
ftr-365	187	18	tax	tax	NOUN
ftr-365	187	19	treaties	treaty	NOUN
ftr-365	187	20	do	do	AUX
ftr-365	187	21	not	not	PART
ftr-365	187	22	address	address	VERB
ftr-365	187	23	the	the	DET
ftr-365	187	24	allocation	allocation	NOUN
ftr-365	187	25	of	of	ADP
ftr-365	187	26	tax	tax	NOUN
ftr-365	187	27	on	on	ADP
ftr-365	187	28	such	such	ADJ
ftr-365	187	29	income	income	NOUN
ftr-365	187	30	.	.	PUNCT
ftr-365	188	1	41	41	NUM
ftr-365	188	2	my	my	PRON
ftr-365	188	3	proposal	proposal	NOUN
ftr-365	188	4	would	would	AUX
ftr-365	188	5	,	,	PUNCT
ftr-365	188	6	therefore	therefore	ADV
ftr-365	188	7	,	,	PUNCT
ftr-365	188	8	be	be	AUX
ftr-365	188	9	that	that	SCONJ
ftr-365	188	10	treaties	treaty	NOUN
ftr-365	188	11	contain	contain	VERB
ftr-365	188	12	a	a	DET
ftr-365	188	13	specific	specific	ADJ
ftr-365	188	14	provision	provision	NOUN
ftr-365	188	15	to	to	PART
ftr-365	188	16	deal	deal	VERB
ftr-365	188	17	with	with	ADP
ftr-365	188	18	income	income	NOUN
ftr-365	188	19	from	from	ADP
ftr-365	188	20	derivative	derivative	ADJ
ftr-365	188	21	transactions	transaction	NOUN
ftr-365	188	22	.	.	PUNCT
ftr-365	189	1	chapter	chapter	NOUN
ftr-365	189	2	iii(d	iii(d	PROPN
ftr-365	189	3	)	)	PUNCT
ftr-365	189	4	discusses	discuss	VERB
ftr-365	189	5	taxation	taxation	NOUN
ftr-365	189	6	rules	rule	NOUN
ftr-365	189	7	applicable	applicable	ADJ
ftr-365	189	8	to	to	ADP
ftr-365	189	9	those	those	DET
ftr-365	189	10	non	non	NOUN
ftr-365	189	11	-	-	NOUN
ftr-365	189	12	residents	resident	NOUN
ftr-365	189	13	who	who	PRON
ftr-365	189	14	generally	generally	ADV
ftr-365	189	15	invest	invest	VERB
ftr-365	189	16	or	or	CCONJ
ftr-365	189	17	trade	trade	NOUN
ftr-365	189	18	(	(	PUNCT
ftr-365	189	19	as	as	SCONJ
ftr-365	189	20	opposed	oppose	VERB
ftr-365	189	21	to	to	PART
ftr-365	189	22	deal	deal	VERB
ftr-365	189	23	)	)	PUNCT
ftr-365	189	24	in	in	ADP
ftr-365	189	25	securities	security	NOUN
ftr-365	189	26	,	,	PUNCT
ftr-365	189	27	including	include	VERB
ftr-365	189	28	derivatives	derivative	NOUN
ftr-365	189	29	,	,	PUNCT
ftr-365	189	30	in	in	ADP
ftr-365	189	31	country	country	PROPN
ftr-365	189	32	d.	d.	PROPN
ftr-365	189	33	in	in	ADP
ftr-365	189	34	general	general	ADJ
ftr-365	189	35	,	,	PUNCT
ftr-365	189	36	participation	participation	NOUN
ftr-365	189	37	of	of	ADP
ftr-365	189	38	non	non	NOUN
ftr-365	189	39	-	-	NOUN
ftr-365	189	40	residents	resident	NOUN
ftr-365	189	41	in	in	ADP
ftr-365	189	42	the	the	DET
ftr-365	189	43	domestic	domestic	ADJ
ftr-365	189	44	securities	security	NOUN
ftr-365	189	45	markets	market	NOUN
ftr-365	189	46	will	will	AUX
ftr-365	189	47	clearly	clearly	ADV
ftr-365	189	48	increase	increase	VERB
ftr-365	189	49	the	the	DET
ftr-365	189	50	quantity	quantity	NOUN
ftr-365	189	51	and	and	CCONJ
ftr-365	189	52	quality	quality	NOUN
ftr-365	189	53	of	of	ADP
ftr-365	189	54	trades	trade	NOUN
ftr-365	189	55	in	in	ADP
ftr-365	189	56	the	the	DET
ftr-365	189	57	domestic	domestic	ADJ
ftr-365	189	58	markets	market	NOUN
ftr-365	189	59	.	.	PUNCT
ftr-365	190	1	such	such	DET
ftr-365	190	2	an	an	DET
ftr-365	190	3	enhancement	enhancement	NOUN
ftr-365	190	4	in	in	ADP
ftr-365	190	5	the	the	DET
ftr-365	190	6	capital	capital	NOUN
ftr-365	190	7	markets	market	NOUN
ftr-365	190	8	’	'	PUNCT
ftr-365	190	9	activity	activity	NOUN
ftr-365	190	10	would	would	AUX
ftr-365	190	11	clearly	clearly	ADV
ftr-365	190	12	benefit	benefit	VERB
ftr-365	190	13	all	all	DET
ftr-365	190	14	investors	investor	NOUN
ftr-365	190	15	in	in	ADP
ftr-365	190	16	country	country	NOUN
ftr-365	190	17	d	d	X
ftr-365	190	18	’s	’s	PART
ftr-365	190	19	capital	capital	NOUN
ftr-365	190	20	markets	market	NOUN
ftr-365	190	21	,	,	PUNCT
ftr-365	190	22	domestic	domestic	ADJ
ftr-365	190	23	and	and	CCONJ
ftr-365	190	24	nonresidents	nonresident	NOUN
ftr-365	190	25	,	,	PUNCT
ftr-365	190	26	since	since	SCONJ
ftr-365	190	27	it	it	PRON
ftr-365	190	28	will	will	AUX
ftr-365	190	29	make	make	VERB
ftr-365	190	30	the	the	DET
ftr-365	190	31	markets	market	NOUN
ftr-365	190	32	more	more	ADV
ftr-365	190	33	liquid	liquid	ADJ
ftr-365	190	34	and	and	CCONJ
ftr-365	190	35	efficient	efficient	ADJ
ftr-365	190	36	.	.	PUNCT
ftr-365	191	1	having	have	VERB
ftr-365	191	2	liquid	liquid	ADJ
ftr-365	191	3	and	and	CCONJ
ftr-365	191	4	efficient	efficient	ADJ
ftr-365	191	5	capital	capital	NOUN
ftr-365	191	6	markets	market	NOUN
ftr-365	191	7	has	have	AUX
ftr-365	191	8	been	be	AUX
ftr-365	191	9	viewed	view	VERB
ftr-365	191	10	as	as	ADP
ftr-365	191	11	an	an	DET
ftr-365	191	12	important	important	ADJ
ftr-365	191	13	element	element	NOUN
ftr-365	191	14	in	in	ADP
ftr-365	191	15	developing	develop	VERB
ftr-365	191	16	countries	country	NOUN
ftr-365	191	17	’	'	PUNCT
ftr-365	191	18	economic	economic	ADJ
ftr-365	191	19	growth	growth	NOUN
ftr-365	191	20	.	.	PUNCT
ftr-365	192	1	the	the	DET
ftr-365	192	2	united	united	PROPN
ftr-365	192	3	states	states	PROPN
ftr-365	192	4	has	have	AUX
ftr-365	192	5	also	also	ADV
ftr-365	192	6	recognized	recognize	VERB
ftr-365	192	7	the	the	DET
ftr-365	192	8	benefit	benefit	NOUN
ftr-365	192	9	of	of	ADP
ftr-365	192	10	foreign	foreign	ADJ
ftr-365	192	11	participants	participant	NOUN
ftr-365	192	12	in	in	ADP
ftr-365	192	13	the	the	DET
ftr-365	192	14	domestic	domestic	ADJ
ftr-365	192	15	stock	stock	NOUN
ftr-365	192	16	markets	market	NOUN
ftr-365	192	17	and	and	CCONJ
ftr-365	192	18	determined	determine	VERB
ftr-365	192	19	that	that	SCONJ
ftr-365	192	20	investment	investment	NOUN
ftr-365	192	21	and	and	CCONJ
ftr-365	192	22	trading	trading	NOUN
ftr-365	192	23	activity	activity	NOUN
ftr-365	192	24	does	do	AUX
ftr-365	192	25	not	not	PART
ftr-365	192	26	constitute	constitute	VERB
ftr-365	192	27	a	a	DET
ftr-365	192	28	u.s	u.s	PROPN
ftr-365	192	29	.	.	PROPN
ftr-365	192	30	trade	trade	NOUN
ftr-365	192	31	or	or	CCONJ
ftr-365	192	32	business	business	NOUN
ftr-365	192	33	.	.	PUNCT
ftr-365	193	1	42	42	NUM
ftr-365	193	2	this	this	DET
ftr-365	193	3	article	article	NOUN
ftr-365	193	4	will	will	AUX
ftr-365	193	5	suggest	suggest	VERB
ftr-365	193	6	a	a	DET
ftr-365	193	7	similar	similar	ADJ
ftr-365	193	8	approach	approach	NOUN
ftr-365	193	9	;	;	PUNCT
ftr-365	193	10	country	country	NOUN
ftr-365	193	11	d	d	PROPN
ftr-365	193	12	supra	supra	PROPN
ftr-365	193	13	note	note	PROPN
ftr-365	193	14	32	32	NUM
ftr-365	193	15	,	,	PUNCT
ftr-365	193	16	at	at	ADP
ftr-365	193	17	603	603	NUM
ftr-365	193	18	(	(	PUNCT
ftr-365	193	19	stating	state	VERB
ftr-365	193	20	that	that	SCONJ
ftr-365	193	21	the	the	DET
ftr-365	193	22	“	"	PUNCT
ftr-365	193	23	international	international	ADJ
ftr-365	193	24	consensus	consensus	NOUN
ftr-365	193	25	”	"	PUNCT
ftr-365	193	26	is	be	AUX
ftr-365	193	27	that	that	SCONJ
ftr-365	193	28	the	the	DET
ftr-365	193	29	source	source	NOUN
ftr-365	193	30	country	country	NOUN
ftr-365	193	31	does	do	AUX
ftr-365	193	32	not	not	PART
ftr-365	193	33	impose	impose	VERB
ftr-365	193	34	tax	tax	NOUN
ftr-365	193	35	on	on	ADP
ftr-365	193	36	income	income	NOUN
ftr-365	193	37	from	from	ADP
ftr-365	193	38	derivatives	derivative	NOUN
ftr-365	193	39	earned	earn	VERB
ftr-365	193	40	by	by	ADP
ftr-365	193	41	non	non	NOUN
ftr-365	193	42	-	-	NOUN
ftr-365	193	43	residents	resident	NOUN
ftr-365	193	44	)	)	PUNCT
ftr-365	193	45	.	.	PUNCT
ftr-365	194	1	38	38	NUM
ftr-365	194	2	.	.	PUNCT
ftr-365	195	1	see	see	VERB
ftr-365	195	2	reich	reich	PROPN
ftr-365	195	3	,	,	PUNCT
ftr-365	195	4	supra	supra	PROPN
ftr-365	195	5	note	note	PROPN
ftr-365	195	6	11	11	NUM
ftr-365	195	7	(	(	PUNCT
ftr-365	195	8	“	"	PUNCT
ftr-365	195	9	the	the	DET
ftr-365	195	10	rules	rule	NOUN
ftr-365	195	11	for	for	ADP
ftr-365	195	12	determining	determine	VERB
ftr-365	195	13	the	the	DET
ftr-365	195	14	source	source	NOUN
ftr-365	195	15	of	of	ADP
ftr-365	195	16	income	income	NOUN
ftr-365	195	17	from	from	ADP
ftr-365	195	18	notional	notional	ADJ
ftr-365	195	19	principal	principal	ADJ
ftr-365	195	20	contracts	contract	NOUN
ftr-365	195	21	offer	offer	VERB
ftr-365	195	22	another	another	DET
ftr-365	195	23	example	example	NOUN
ftr-365	195	24	of	of	ADP
ftr-365	195	25	the	the	DET
ftr-365	195	26	favorable	favorable	ADJ
ftr-365	195	27	tax	tax	NOUN
ftr-365	195	28	treatment	treatment	NOUN
ftr-365	195	29	of	of	ADP
ftr-365	195	30	foreign	foreign	ADJ
ftr-365	195	31	investors	investor	NOUN
ftr-365	195	32	.	.	PUNCT
ftr-365	195	33	”	"	PUNCT
ftr-365	195	34	)	)	PUNCT
ftr-365	195	35	.	.	PUNCT
ftr-365	196	1	39	39	NUM
ftr-365	196	2	.	.	PUNCT
ftr-365	197	1	see	see	VERB
ftr-365	197	2	reuven	reuven	PROPN
ftr-365	197	3	s.	s.	PROPN
ftr-365	197	4	avi	avi	PROPN
ftr-365	197	5	-	-	PUNCT
ftr-365	197	6	yonah	yonah	PROPN
ftr-365	197	7	&	&	CCONJ
ftr-365	197	8	linda	linda	PROPN
ftr-365	197	9	z.	z.	PROPN
ftr-365	197	10	swartz	swartz	PROPN
ftr-365	197	11	,	,	PUNCT
ftr-365	197	12	u.s	u.s	PROPN
ftr-365	197	13	.	.	PROPN
ftr-365	197	14	international	international	ADJ
ftr-365	197	15	tax	tax	NOUN
ftr-365	197	16	treatment	treatment	NOUN
ftr-365	197	17	of	of	ADP
ftr-365	197	18	financial	financial	ADJ
ftr-365	197	19	derivatives	derivative	NOUN
ftr-365	197	20	,	,	PUNCT
ftr-365	197	21	97	97	NUM
ftr-365	197	22	tax	tax	NOUN
ftr-365	197	23	notes	note	NOUN
ftr-365	197	24	today	today	NOUN
ftr-365	197	25	64	64	NUM
ftr-365	197	26	-	-	SYM
ftr-365	197	27	91	91	NUM
ftr-365	197	28	(	(	PUNCT
ftr-365	197	29	1997	1997	NUM
ftr-365	197	30	)	)	PUNCT
ftr-365	197	31	(	(	PUNCT
ftr-365	197	32	discussing	discuss	VERB
ftr-365	197	33	the	the	DET
ftr-365	197	34	source	source	NOUN
ftr-365	197	35	rules	rule	NOUN
ftr-365	197	36	for	for	ADP
ftr-365	197	37	derivatives	derivative	NOUN
ftr-365	197	38	in	in	ADP
ftr-365	197	39	the	the	DET
ftr-365	197	40	united	united	PROPN
ftr-365	197	41	states	states	PROPN
ftr-365	197	42	and	and	CCONJ
ftr-365	197	43	generally	generally	ADV
ftr-365	197	44	concluding	conclude	VERB
ftr-365	197	45	that	that	SCONJ
ftr-365	197	46	the	the	DET
ftr-365	197	47	united	united	PROPN
ftr-365	197	48	states	states	PROPN
ftr-365	197	49	rarely	rarely	ADV
ftr-365	197	50	taxed	tax	VERB
ftr-365	197	51	income	income	NOUN
ftr-365	197	52	from	from	ADP
ftr-365	197	53	derivatives	derivative	NOUN
ftr-365	197	54	earned	earn	VERB
ftr-365	197	55	by	by	ADP
ftr-365	197	56	non	non	NOUN
ftr-365	197	57	-	-	NOUN
ftr-365	197	58	residents	resident	NOUN
ftr-365	197	59	,	,	PUNCT
ftr-365	197	60	unless	unless	SCONJ
ftr-365	197	61	such	such	ADJ
ftr-365	197	62	income	income	NOUN
ftr-365	197	63	is	be	AUX
ftr-365	197	64	effectively	effectively	ADV
ftr-365	197	65	connected	connect	VERB
ftr-365	197	66	to	to	ADP
ftr-365	197	67	a	a	DET
ftr-365	197	68	u.s	u.s	PROPN
ftr-365	197	69	.	.	PROPN
ftr-365	197	70	trade	trade	NOUN
ftr-365	197	71	or	or	CCONJ
ftr-365	197	72	business	business	NOUN
ftr-365	197	73	)	)	PUNCT
ftr-365	197	74	.	.	PUNCT
ftr-365	198	1	40	40	NUM
ftr-365	198	2	.	.	PUNCT
ftr-365	199	1	the	the	DET
ftr-365	199	2	only	only	ADJ
ftr-365	199	3	notable	notable	ADJ
ftr-365	199	4	exception	exception	NOUN
ftr-365	199	5	is	be	AUX
ftr-365	199	6	significant	significant	ADJ
ftr-365	199	7	non	non	ADJ
ftr-365	199	8	-	-	ADJ
ftr-365	199	9	periodic	periodic	ADJ
ftr-365	199	10	payments	payment	NOUN
ftr-365	199	11	that	that	PRON
ftr-365	199	12	are	be	AUX
ftr-365	199	13	treated	treat	VERB
ftr-365	199	14	as	as	ADP
ftr-365	199	15	embedded	embed	VERB
ftr-365	199	16	loans	loan	NOUN
ftr-365	199	17	and	and	CCONJ
ftr-365	199	18	,	,	PUNCT
ftr-365	199	19	therefore	therefore	ADV
ftr-365	199	20	,	,	PUNCT
ftr-365	199	21	are	be	AUX
ftr-365	199	22	sourced	source	VERB
ftr-365	199	23	according	accord	VERB
ftr-365	199	24	to	to	ADP
ftr-365	199	25	the	the	DET
ftr-365	199	26	residency	residency	NOUN
ftr-365	199	27	of	of	ADP
ftr-365	199	28	the	the	DET
ftr-365	199	29	payor	payor	NOUN
ftr-365	199	30	.	.	PUNCT
ftr-365	200	1	see	see	VERB
ftr-365	200	2	i	i	PRON
ftr-365	200	3	d.	d.	PROPN
ftr-365	200	4	41	41	NUM
ftr-365	200	5	.	.	PUNCT
ftr-365	201	1	see	see	VERB
ftr-365	201	2	generally	generally	ADV
ftr-365	201	3	may	may	AUX
ftr-365	201	4	,	,	PUNCT
ftr-365	201	5	supra	supra	PROPN
ftr-365	201	6	note	note	VERB
ftr-365	201	7	6	6	NUM
ftr-365	201	8	;	;	PUNCT
ftr-365	201	9	thuronyi	thuronyi	PROPN
ftr-365	201	10	,	,	PUNCT
ftr-365	201	11	supra	supra	PROPN
ftr-365	201	12	note	note	NOUN
ftr-365	201	13	10	10	NUM
ftr-365	201	14	.	.	PUNCT
ftr-365	202	1	42	42	NUM
ftr-365	202	2	.	.	PUNCT
ftr-365	203	1	see	see	VERB
ftr-365	203	2	irc	irc	PROPN
ftr-365	203	3	§	§	PROPN
ftr-365	203	4	§	§	PROPN
ftr-365	203	5	864(b)(2)(a	864(b)(2)(a	NUM
ftr-365	203	6	)	)	PUNCT
ftr-365	203	7	and	and	CCONJ
ftr-365	203	8	(	(	PUNCT
ftr-365	203	9	b	b	NOUN
ftr-365	203	10	)	)	PUNCT
ftr-365	203	11	.	.	PUNCT
ftr-365	204	1	see	see	VERB
ftr-365	204	2	also	also	ADV
ftr-365	204	3	linda	linda	PROPN
ftr-365	204	4	carlisle	carlisle	PROPN
ftr-365	204	5	,	,	PUNCT
ftr-365	204	6	derivatives	derivative	NOUN
ftr-365	205	1	10	10	NUM
ftr-365	205	2	florida	florida	PROPN
ftr-365	205	3	tax	tax	NOUN
ftr-365	205	4	review	review	NOUN
ftr-365	206	1	[	[	X
ftr-365	206	2	vol	vol	NOUN
ftr-365	206	3	.	.	PUNCT
ftr-365	206	4	9:1	9:1	NUM
ftr-365	206	5	should	should	AUX
ftr-365	206	6	establish	establish	VERB
ftr-365	206	7	that	that	SCONJ
ftr-365	206	8	all	all	DET
ftr-365	206	9	income	income	NOUN
ftr-365	206	10	from	from	ADP
ftr-365	206	11	trading	trade	VERB
ftr-365	206	12	in	in	ADP
ftr-365	206	13	securities	security	NOUN
ftr-365	206	14	,	,	PUNCT
ftr-365	206	15	including	include	VERB
ftr-365	206	16	capital	capital	NOUN
ftr-365	206	17	gains	gain	NOUN
ftr-365	206	18	,	,	PUNCT
ftr-365	206	19	interest	interest	NOUN
ftr-365	206	20	,	,	PUNCT
ftr-365	206	21	dividends	dividend	NOUN
ftr-365	206	22	,	,	PUNCT
ftr-365	206	23	and	and	CCONJ
ftr-365	206	24	income	income	NOUN
ftr-365	206	25	from	from	ADP
ftr-365	206	26	derivatives	derivative	NOUN
ftr-365	206	27	,	,	PUNCT
ftr-365	206	28	would	would	AUX
ftr-365	206	29	be	be	AUX
ftr-365	206	30	taxed	tax	VERB
ftr-365	206	31	by	by	ADP
ftr-365	206	32	the	the	DET
ftr-365	206	33	residency	residency	NOUN
ftr-365	206	34	country	country	NOUN
ftr-365	206	35	.	.	PUNCT
ftr-365	207	1	part	part	NOUN
ftr-365	207	2	iv	iv	NUM
ftr-365	207	3	discusses	discuss	VERB
ftr-365	207	4	the	the	DET
ftr-365	207	5	question	question	NOUN
ftr-365	207	6	of	of	ADP
ftr-365	207	7	whether	whether	SCONJ
ftr-365	207	8	the	the	DET
ftr-365	207	9	above	above	ADJ
ftr-365	207	10	three	three	NUM
ftr-365	207	11	suggestions	suggestion	NOUN
ftr-365	207	12	would	would	AUX
ftr-365	207	13	result	result	VERB
ftr-365	207	14	in	in	ADP
ftr-365	207	15	country	country	NOUN
ftr-365	207	16	d	d	X
ftr-365	207	17	’s	’s	NOUN
ftr-365	207	18	engagement	engagement	NOUN
ftr-365	207	19	in	in	ADP
ftr-365	207	20	a	a	DET
ftr-365	207	21	“	"	PUNCT
ftr-365	207	22	harmful	harmful	ADJ
ftr-365	207	23	tax	tax	NOUN
ftr-365	207	24	competition	competition	NOUN
ftr-365	207	25	,	,	PUNCT
ftr-365	207	26	”	"	PUNCT
ftr-365	207	27	using	use	VERB
ftr-365	207	28	the	the	DET
ftr-365	207	29	principles	principle	NOUN
ftr-365	207	30	set	set	VERB
ftr-365	207	31	forth	forth	ADP
ftr-365	207	32	by	by	ADP
ftr-365	207	33	the	the	DET
ftr-365	207	34	oecd	oecd	PROPN
ftr-365	207	35	in	in	ADP
ftr-365	207	36	its	its	PRON
ftr-365	207	37	1998	1998	NUM
ftr-365	207	38	landmark	landmark	NOUN
ftr-365	207	39	report	report	NOUN
ftr-365	207	40	on	on	ADP
ftr-365	207	41	harmful	harmful	ADJ
ftr-365	207	42	tax	tax	NOUN
ftr-365	207	43	competition	competition	NOUN
ftr-365	207	44	.	.	PUNCT
ftr-365	208	1	43	43	NUM
ftr-365	209	1	i	i	PRON
ftr-365	209	2	conclude	conclude	VERB
ftr-365	209	3	in	in	ADP
ftr-365	209	4	this	this	DET
ftr-365	209	5	article	article	NOUN
ftr-365	209	6	that	that	SCONJ
ftr-365	209	7	if	if	SCONJ
ftr-365	209	8	country	country	NOUN
ftr-365	209	9	d	d	NOUN
ftr-365	209	10	adopts	adopt	VERB
ftr-365	209	11	my	my	PRON
ftr-365	209	12	suggestions	suggestion	NOUN
ftr-365	209	13	,	,	PUNCT
ftr-365	209	14	it	it	PRON
ftr-365	209	15	will	will	AUX
ftr-365	209	16	not	not	PART
ftr-365	209	17	be	be	AUX
ftr-365	209	18	treated	treat	VERB
ftr-365	209	19	as	as	ADP
ftr-365	209	20	engaging	engage	VERB
ftr-365	209	21	in	in	ADP
ftr-365	209	22	harmful	harmful	ADJ
ftr-365	209	23	tax	tax	NOUN
ftr-365	209	24	competition	competition	NOUN
ftr-365	209	25	.	.	PUNCT
ftr-365	210	1	part	part	NOUN
ftr-365	210	2	v	v	PROPN
ftr-365	210	3	concludes	conclude	VERB
ftr-365	210	4	that	that	SCONJ
ftr-365	210	5	to	to	PART
ftr-365	210	6	sustain	sustain	VERB
ftr-365	210	7	economic	economic	ADJ
ftr-365	210	8	growth	growth	NOUN
ftr-365	210	9	,	,	PUNCT
ftr-365	210	10	country	country	NOUN
ftr-365	210	11	d	d	NOUN
ftr-365	210	12	should	should	AUX
ftr-365	210	13	adopt	adopt	VERB
ftr-365	210	14	residency	residency	NOUN
ftr-365	210	15	-	-	PUNCT
ftr-365	210	16	based	base	VERB
ftr-365	210	17	taxation	taxation	NOUN
ftr-365	210	18	for	for	ADP
ftr-365	210	19	financial	financial	ADJ
ftr-365	210	20	transactions	transaction	NOUN
ftr-365	210	21	,	,	PUNCT
ftr-365	210	22	which	which	PRON
ftr-365	210	23	would	would	AUX
ftr-365	210	24	allow	allow	VERB
ftr-365	210	25	it	it	PRON
ftr-365	210	26	to	to	PART
ftr-365	210	27	attract	attract	VERB
ftr-365	210	28	foreign	foreign	ADJ
ftr-365	210	29	investors	investor	NOUN
ftr-365	210	30	.	.	PUNCT
ftr-365	211	1	in	in	ADP
ftr-365	211	2	particular	particular	ADJ
ftr-365	211	3	,	,	PUNCT
ftr-365	211	4	the	the	DET
ftr-365	211	5	benefits	benefit	NOUN
ftr-365	211	6	for	for	ADP
ftr-365	211	7	the	the	DET
ftr-365	211	8	developing	develop	VERB
ftr-365	211	9	country	country	NOUN
ftr-365	211	10	would	would	AUX
ftr-365	211	11	be	be	AUX
ftr-365	211	12	:	:	PUNCT
ftr-365	211	13	(	(	PUNCT
ftr-365	211	14	i	i	NOUN
ftr-365	211	15	)	)	PUNCT
ftr-365	211	16	allowing	allow	VERB
ftr-365	211	17	domestic	domestic	ADJ
ftr-365	211	18	companies	company	NOUN
ftr-365	211	19	to	to	PART
ftr-365	211	20	raise	raise	VERB
ftr-365	211	21	capital	capital	NOUN
ftr-365	211	22	by	by	ADP
ftr-365	211	23	issuing	issue	VERB
ftr-365	211	24	bonds	bond	NOUN
ftr-365	211	25	and	and	CCONJ
ftr-365	211	26	stock	stock	NOUN
ftr-365	211	27	to	to	ADP
ftr-365	211	28	foreign	foreign	ADJ
ftr-365	211	29	investors	investor	NOUN
ftr-365	211	30	,	,	PUNCT
ftr-365	211	31	for	for	ADP
ftr-365	211	32	lower	low	ADJ
ftr-365	211	33	finance	finance	NOUN
ftr-365	211	34	costs	cost	NOUN
ftr-365	211	35	;	;	PUNCT
ftr-365	211	36	(	(	PUNCT
ftr-365	211	37	ii	ii	NOUN
ftr-365	211	38	)	)	PUNCT
ftr-365	211	39	allowing	allow	VERB
ftr-365	211	40	domestic	domestic	ADJ
ftr-365	211	41	companies	company	NOUN
ftr-365	211	42	better	well	ADJ
ftr-365	211	43	access	access	NOUN
ftr-365	211	44	to	to	ADP
ftr-365	211	45	the	the	DET
ftr-365	211	46	global	global	ADJ
ftr-365	211	47	derivatives	derivative	NOUN
ftr-365	211	48	markets	market	NOUN
ftr-365	211	49	,	,	PUNCT
ftr-365	211	50	which	which	PRON
ftr-365	211	51	will	will	AUX
ftr-365	211	52	enhance	enhance	VERB
ftr-365	211	53	their	their	PRON
ftr-365	211	54	risk	risk	NOUN
ftr-365	211	55	management	management	NOUN
ftr-365	211	56	activity	activity	NOUN
ftr-365	211	57	;	;	PUNCT
ftr-365	211	58	and	and	CCONJ
ftr-365	211	59	(	(	PUNCT
ftr-365	211	60	iii	iii	X
ftr-365	211	61	)	)	PUNCT
ftr-365	211	62	allowing	allow	VERB
ftr-365	211	63	nonresidents	nonresident	NOUN
ftr-365	211	64	better	well	ADJ
ftr-365	211	65	access	access	NOUN
ftr-365	211	66	to	to	ADP
ftr-365	211	67	the	the	DET
ftr-365	211	68	domestic	domestic	ADJ
ftr-365	211	69	capital	capital	NOUN
ftr-365	211	70	markets	market	NOUN
ftr-365	211	71	,	,	PUNCT
ftr-365	211	72	which	which	PRON
ftr-365	211	73	would	would	AUX
ftr-365	211	74	enhance	enhance	VERB
ftr-365	211	75	the	the	DET
ftr-365	211	76	efficiency	efficiency	NOUN
ftr-365	211	77	and	and	CCONJ
ftr-365	211	78	liquidity	liquidity	NOUN
ftr-365	211	79	of	of	ADP
ftr-365	211	80	the	the	DET
ftr-365	211	81	markets	market	NOUN
ftr-365	211	82	.	.	PUNCT
ftr-365	212	1	ii	ii	PROPN
ftr-365	212	2	.	.	PUNCT
ftr-365	212	3	basic	basic	ADJ
ftr-365	212	4	principles	principle	NOUN
ftr-365	212	5	of	of	ADP
ftr-365	212	6	international	international	ADJ
ftr-365	212	7	tax	tax	NOUN
ftr-365	212	8	rules	rule	NOUN
ftr-365	212	9	a.	a.	NOUN
ftr-365	212	10	overview	overview	VERB
ftr-365	212	11	the	the	DET
ftr-365	212	12	fundamental	fundamental	ADJ
ftr-365	212	13	distinction	distinction	NOUN
ftr-365	212	14	underlying	underlie	VERB
ftr-365	212	15	the	the	DET
ftr-365	212	16	international	international	ADJ
ftr-365	212	17	tax	tax	NOUN
ftr-365	212	18	regime	regime	NOUN
ftr-365	212	19	of	of	ADP
ftr-365	212	20	every	every	DET
ftr-365	212	21	tax	tax	NOUN
ftr-365	212	22	jurisdiction	jurisdiction	NOUN
ftr-365	212	23	is	be	AUX
ftr-365	212	24	between	between	ADP
ftr-365	212	25	residency	residency	NOUN
ftr-365	212	26	-	-	PUNCT
ftr-365	212	27	based	base	VERB
ftr-365	212	28	(	(	PUNCT
ftr-365	212	29	or	or	CCONJ
ftr-365	212	30	global	global	ADJ
ftr-365	212	31	)	)	PUNCT
ftr-365	212	32	regime	regime	NOUN
ftr-365	212	33	and	and	CCONJ
ftr-365	212	34	sourcebased	sourcebase	VERB
ftr-365	212	35	(	(	PUNCT
ftr-365	212	36	or	or	CCONJ
ftr-365	212	37	territorial	territorial	ADJ
ftr-365	212	38	)	)	PUNCT
ftr-365	212	39	regime	regime	NOUN
ftr-365	212	40	.	.	PUNCT
ftr-365	213	1	44	44	NUM
ftr-365	213	2	every	every	DET
ftr-365	213	3	tax	tax	NOUN
ftr-365	213	4	jurisdiction	jurisdiction	NOUN
ftr-365	213	5	must	must	AUX
ftr-365	213	6	,	,	PUNCT
ftr-365	213	7	therefore	therefore	ADV
ftr-365	213	8	,	,	PUNCT
ftr-365	213	9	make	make	VERB
ftr-365	213	10	a	a	DET
ftr-365	213	11	choice	choice	NOUN
ftr-365	213	12	between	between	ADP
ftr-365	213	13	one	one	NUM
ftr-365	213	14	of	of	ADP
ftr-365	213	15	these	these	DET
ftr-365	213	16	two	two	NUM
ftr-365	213	17	regimes	regime	NOUN
ftr-365	213	18	or	or	CCONJ
ftr-365	213	19	a	a	DET
ftr-365	213	20	combination	combination	NOUN
ftr-365	213	21	thereof	thereof	ADV
ftr-365	213	22	.	.	PUNCT
ftr-365	214	1	graetz	graetz	PROPN
ftr-365	214	2	and	and	CCONJ
ftr-365	214	3	o’hear	o’hear	PROPN
ftr-365	214	4	(	(	PUNCT
ftr-365	214	5	1997	1997	NUM
ftr-365	214	6	)	)	PUNCT
ftr-365	214	7	described	describe	VERB
ftr-365	214	8	the	the	DET
ftr-365	214	9	basic	basic	ADJ
ftr-365	214	10	dilemma	dilemma	NOUN
ftr-365	214	11	of	of	ADP
ftr-365	214	12	international	international	ADJ
ftr-365	214	13	taxation	taxation	NOUN
ftr-365	214	14	that	that	PRON
ftr-365	214	15	each	each	DET
ftr-365	214	16	country	country	NOUN
ftr-365	214	17	faces	face	VERB
ftr-365	214	18	as	as	SCONJ
ftr-365	214	19	follows	follow	VERB
ftr-365	214	20	:	:	PUNCT
ftr-365	214	21	despite	despite	SCONJ
ftr-365	214	22	the	the	DET
ftr-365	214	23	seismic	seismic	ADJ
ftr-365	214	24	changes	change	NOUN
ftr-365	214	25	in	in	ADP
ftr-365	214	26	the	the	DET
ftr-365	214	27	world	world	NOUN
ftr-365	214	28	economy	economy	NOUN
ftr-365	214	29	that	that	PRON
ftr-365	214	30	have	have	AUX
ftr-365	214	31	occurred	occur	VERB
ftr-365	214	32	in	in	ADP
ftr-365	214	33	the	the	DET
ftr-365	214	34	last	last	ADJ
ftr-365	214	35	seven	seven	NUM
ftr-365	214	36	decades	decade	NOUN
ftr-365	214	37	,	,	PUNCT
ftr-365	214	38	the	the	DET
ftr-365	214	39	fundamental	fundamental	ADJ
ftr-365	214	40	dilemma	dilemma	NOUN
ftr-365	214	41	of	of	ADP
ftr-365	214	42	international	international	ADJ
ftr-365	214	43	taxation	taxation	NOUN
ftr-365	214	44	that	that	PRON
ftr-365	214	45	confronted	confront	VERB
ftr-365	214	46	thomas	thomas	PROPN
ftr-365	214	47	sewall	sewall	PROPN
ftr-365	214	48	adams	adams	PROPN
ftr-365	214	49	,	,	PUNCT
ftr-365	214	50	his	his	PRON
ftr-365	214	51	treasury	treasury	NOUN
ftr-365	214	52	colleagues	colleague	NOUN
ftr-365	214	53	,	,	PUNCT
ftr-365	214	54	and	and	CCONJ
ftr-365	214	55	the	the	DET
ftr-365	214	56	congress	congress	PROPN
ftr-365	214	57	in	in	ADP
ftr-365	214	58	the	the	DET
ftr-365	214	59	infancy	infancy	NOUN
ftr-365	214	60	of	of	ADP
ftr-365	214	61	the	the	DET
ftr-365	214	62	trading	trading	NOUN
ftr-365	214	63	now	now	ADV
ftr-365	214	64	has	have	VERB
ftr-365	214	65	a	a	DET
ftr-365	214	66	“	"	PUNCT
ftr-365	214	67	safe	safe	ADJ
ftr-365	214	68	harbor	harbor	NOUN
ftr-365	214	69	”	"	PUNCT
ftr-365	214	70	,	,	PUNCT
ftr-365	214	71	16	16	NUM
ftr-365	214	72	j.	j.	PROPN
ftr-365	214	73	tax’n	tax’n	PROPN
ftr-365	214	74	inv	inv	ADJ
ftr-365	214	75	.	.	PUNCT
ftr-365	215	1	178	178	NUM
ftr-365	215	2	(	(	PUNCT
ftr-365	215	3	1999	1999	NUM
ftr-365	215	4	)	)	PUNCT
ftr-365	215	5	(	(	PUNCT
ftr-365	215	6	“	"	PUNCT
ftr-365	215	7	since	since	SCONJ
ftr-365	215	8	the	the	DET
ftr-365	215	9	revenue	revenue	NOUN
ftr-365	215	10	act	act	NOUN
ftr-365	215	11	of	of	ADP
ftr-365	215	12	1936	1936	NUM
ftr-365	215	13	,	,	PUNCT
ftr-365	215	14	the	the	DET
ftr-365	215	15	u.s	u.s	PROPN
ftr-365	215	16	.	.	PROPN
ftr-365	215	17	tax	tax	NOUN
ftr-365	215	18	laws	law	NOUN
ftr-365	215	19	have	have	AUX
ftr-365	215	20	encouraged	encourage	VERB
ftr-365	215	21	foreign	foreign	ADJ
ftr-365	215	22	investors	investor	NOUN
ftr-365	215	23	to	to	PART
ftr-365	215	24	conduct	conduct	VERB
ftr-365	215	25	securities	security	NOUN
ftr-365	215	26	and	and	CCONJ
ftr-365	215	27	commodities	commodity	NOUN
ftr-365	215	28	trading	trading	NOUN
ftr-365	215	29	activities	activity	NOUN
ftr-365	215	30	in	in	ADP
ftr-365	215	31	the	the	DET
ftr-365	215	32	u.s	u.s	PROPN
ftr-365	215	33	.	.	PROPN
ftr-365	215	34	by	by	ADP
ftr-365	215	35	providing	provide	VERB
ftr-365	215	36	“	"	PUNCT
ftr-365	215	37	safe	safe	ADJ
ftr-365	215	38	harbors	harbor	NOUN
ftr-365	215	39	’	'	PUNCT
ftr-365	215	40	that	that	PRON
ftr-365	215	41	exempt	exempt	ADJ
ftr-365	215	42	gains	gain	NOUN
ftr-365	215	43	realized	realize	VERB
ftr-365	215	44	from	from	ADP
ftr-365	215	45	such	such	ADJ
ftr-365	215	46	trading	trading	NOUN
ftr-365	215	47	activities	activity	NOUN
ftr-365	215	48	from	from	ADP
ftr-365	215	49	u.s	u.s	PROPN
ftr-365	215	50	.	.	PROPN
ftr-365	215	51	tax	tax	NOUN
ftr-365	215	52	.	.	PUNCT
ftr-365	215	53	”	"	PUNCT
ftr-365	215	54	)	)	PUNCT
ftr-365	215	55	.	.	PUNCT
ftr-365	216	1	43	43	NUM
ftr-365	216	2	.	.	PUNCT
ftr-365	217	1	see	see	VERB
ftr-365	217	2	generally	generally	ADV
ftr-365	217	3	oecd	oecd	PROPN
ftr-365	217	4	report	report	NOUN
ftr-365	217	5	(	(	PUNCT
ftr-365	217	6	1998	1998	NUM
ftr-365	217	7	)	)	PUNCT
ftr-365	217	8	,	,	PUNCT
ftr-365	217	9	supra	supra	PROPN
ftr-365	217	10	note	note	NOUN
ftr-365	217	11	1	1	NUM
ftr-365	217	12	.	.	NUM
ftr-365	217	13	44	44	NUM
ftr-365	217	14	.	.	PUNCT
ftr-365	218	1	see	see	VERB
ftr-365	218	2	,	,	PUNCT
ftr-365	218	3	generally	generally	ADV
ftr-365	218	4	,	,	PUNCT
ftr-365	218	5	the	the	DET
ftr-365	218	6	league	league	NOUN
ftr-365	218	7	of	of	ADP
ftr-365	218	8	nations	nations	PROPN
ftr-365	218	9	report	report	NOUN
ftr-365	218	10	(	(	PUNCT
ftr-365	218	11	1923	1923	NUM
ftr-365	218	12	)	)	PUNCT
ftr-365	218	13	,	,	PUNCT
ftr-365	218	14	supra	supra	PROPN
ftr-365	218	15	note	note	NOUN
ftr-365	218	16	4	4	NUM
ftr-365	218	17	,	,	PUNCT
ftr-365	218	18	at	at	ADP
ftr-365	218	19	25	25	NUM
ftr-365	218	20	(	(	PUNCT
ftr-365	218	21	establishing	establish	VERB
ftr-365	218	22	two	two	NUM
ftr-365	218	23	bases	basis	NOUN
ftr-365	218	24	for	for	ADP
ftr-365	218	25	a	a	DET
ftr-365	218	26	country	country	NOUN
ftr-365	218	27	’s	’s	PART
ftr-365	218	28	imposition	imposition	NOUN
ftr-365	218	29	of	of	ADP
ftr-365	218	30	tax	tax	NOUN
ftr-365	218	31	:	:	PUNCT
ftr-365	218	32	where	where	SCONJ
ftr-365	218	33	income	income	NOUN
ftr-365	218	34	is	be	AUX
ftr-365	218	35	produced	produce	VERB
ftr-365	218	36	(	(	PUNCT
ftr-365	218	37	the	the	DET
ftr-365	218	38	source	source	NOUN
ftr-365	218	39	jurisdiction	jurisdiction	NOUN
ftr-365	218	40	)	)	PUNCT
ftr-365	218	41	and	and	CCONJ
ftr-365	218	42	where	where	SCONJ
ftr-365	218	43	it	it	PRON
ftr-365	218	44	is	be	AUX
ftr-365	218	45	consumed	consume	VERB
ftr-365	218	46	or	or	CCONJ
ftr-365	218	47	saved	save	VERB
ftr-365	218	48	(	(	PUNCT
ftr-365	218	49	the	the	DET
ftr-365	218	50	residence	residence	NOUN
ftr-365	218	51	jurisdiction	jurisdiction	NOUN
ftr-365	218	52	)	)	PUNCT
ftr-365	218	53	)	)	PUNCT
ftr-365	218	54	.	.	PUNCT
ftr-365	219	1	see	see	VERB
ftr-365	219	2	also	also	ADV
ftr-365	219	3	colon	colon	NOUN
ftr-365	219	4	,	,	PUNCT
ftr-365	219	5	supra	supra	ADJ
ftr-365	219	6	note	note	NOUN
ftr-365	219	7	5	5	NUM
ftr-365	219	8	,	,	PUNCT
ftr-365	219	9	at	at	ADP
ftr-365	219	10	780	780	NUM
ftr-365	219	11	.	.	PUNCT
ftr-365	219	12	2008	2008	NUM
ftr-365	219	13	]	]	PUNCT
ftr-365	220	1	the	the	DET
ftr-365	220	2	case	case	NOUN
ftr-365	220	3	for	for	ADP
ftr-365	220	4	residency	residency	NOUN
ftr-365	220	5	-	-	PUNCT
ftr-365	220	6	based	base	VERB
ftr-365	220	7	taxation	taxation	NOUN
ftr-365	220	8	11	11	NUM
ftr-365	220	9	income	income	NOUN
ftr-365	220	10	tax	tax	NOUN
ftr-365	220	11	remains	remain	VERB
ftr-365	220	12	essentially	essentially	ADV
ftr-365	220	13	unchanged	unchanged	ADJ
ftr-365	220	14	.	.	PUNCT
ftr-365	221	1	when	when	SCONJ
ftr-365	221	2	income	income	NOUN
ftr-365	221	3	is	be	AUX
ftr-365	221	4	earned	earn	VERB
ftr-365	221	5	in	in	ADP
ftr-365	221	6	one	one	NUM
ftr-365	221	7	country	country	NOUN
ftr-365	221	8	by	by	ADP
ftr-365	221	9	a	a	DET
ftr-365	221	10	citizen	citizen	NOUN
ftr-365	221	11	or	or	CCONJ
ftr-365	221	12	resident	resident	NOUN
ftr-365	221	13	of	of	ADP
ftr-365	221	14	another	another	DET
ftr-365	221	15	country	country	NOUN
ftr-365	221	16	,	,	PUNCT
ftr-365	221	17	both	both	CCONJ
ftr-365	221	18	the	the	DET
ftr-365	221	19	country	country	NOUN
ftr-365	221	20	where	where	SCONJ
ftr-365	221	21	income	income	NOUN
ftr-365	221	22	is	be	AUX
ftr-365	221	23	earned	earn	VERB
ftr-365	221	24	(	(	PUNCT
ftr-365	221	25	the	the	DET
ftr-365	221	26	source	source	NOUN
ftr-365	221	27	country	country	NOUN
ftr-365	221	28	)	)	PUNCT
ftr-365	221	29	and	and	CCONJ
ftr-365	221	30	the	the	DET
ftr-365	221	31	country	country	NOUN
ftr-365	221	32	where	where	SCONJ
ftr-365	221	33	the	the	DET
ftr-365	221	34	investor	investor	NOUN
ftr-365	221	35	or	or	CCONJ
ftr-365	221	36	earner	earner	NOUN
ftr-365	221	37	resides	reside	VERB
ftr-365	221	38	(	(	PUNCT
ftr-365	221	39	the	the	DET
ftr-365	221	40	residence	residence	NOUN
ftr-365	221	41	country	country	NOUN
ftr-365	221	42	)	)	PUNCT
ftr-365	221	43	have	have	VERB
ftr-365	221	44	legitimate	legitimate	ADJ
ftr-365	221	45	claims	claim	NOUN
ftr-365	221	46	to	to	PART
ftr-365	221	47	tax	tax	VERB
ftr-365	221	48	the	the	DET
ftr-365	221	49	income	income	NOUN
ftr-365	221	50	.	.	PUNCT
ftr-365	222	1	the	the	DET
ftr-365	222	2	basic	basic	ADJ
ftr-365	222	3	task	task	NOUN
ftr-365	222	4	of	of	ADP
ftr-365	222	5	international	international	ADJ
ftr-365	222	6	tax	tax	NOUN
ftr-365	222	7	rules	rule	NOUN
ftr-365	222	8	is	be	AUX
ftr-365	222	9	to	to	PART
ftr-365	222	10	resolve	resolve	VERB
ftr-365	222	11	the	the	DET
ftr-365	222	12	competing	compete	VERB
ftr-365	222	13	claims	claim	NOUN
ftr-365	222	14	of	of	ADP
ftr-365	222	15	residence	residence	NOUN
ftr-365	222	16	and	and	CCONJ
ftr-365	222	17	source	source	NOUN
ftr-365	222	18	nations	nation	NOUN
ftr-365	222	19	in	in	ADP
ftr-365	222	20	order	order	NOUN
ftr-365	222	21	to	to	PART
ftr-365	222	22	avoid	avoid	VERB
ftr-365	222	23	the	the	DET
ftr-365	222	24	double	double	ADJ
ftr-365	222	25	taxation	taxation	NOUN
ftr-365	222	26	that	that	PRON
ftr-365	222	27	results	result	VERB
ftr-365	222	28	when	when	SCONJ
ftr-365	222	29	both	both	PRON
ftr-365	222	30	fully	fully	ADV
ftr-365	222	31	exercise	exercise	VERB
ftr-365	222	32	their	their	PRON
ftr-365	222	33	taxing	tax	VERB
ftr-365	222	34	power	power	NOUN
ftr-365	222	35	.	.	PUNCT
ftr-365	223	1	45	45	NUM
ftr-365	223	2	the	the	DET
ftr-365	223	3	influential	influential	ADJ
ftr-365	223	4	league	league	NOUN
ftr-365	223	5	of	of	ADP
ftr-365	223	6	nations	nations	PROPN
ftr-365	223	7	report	report	NOUN
ftr-365	223	8	(	(	PUNCT
ftr-365	223	9	1923	1923	NUM
ftr-365	223	10	)	)	PUNCT
ftr-365	223	11	established	establish	VERB
ftr-365	223	12	the	the	DET
ftr-365	223	13	“	"	PUNCT
ftr-365	223	14	doctrine	doctrine	NOUN
ftr-365	223	15	of	of	ADP
ftr-365	223	16	economic	economic	ADJ
ftr-365	223	17	allegiance	allegiance	NOUN
ftr-365	223	18	”	"	PUNCT
ftr-365	223	19	principle	principle	NOUN
ftr-365	223	20	,	,	PUNCT
ftr-365	223	21	pursuant	pursuant	ADJ
ftr-365	223	22	to	to	ADP
ftr-365	223	23	which	which	PRON
ftr-365	223	24	there	there	PRON
ftr-365	223	25	are	be	VERB
ftr-365	223	26	four	four	NUM
ftr-365	223	27	sources	source	NOUN
ftr-365	223	28	for	for	ADP
ftr-365	223	29	justification	justification	NOUN
ftr-365	223	30	of	of	ADP
ftr-365	223	31	taxation	taxation	NOUN
ftr-365	223	32	:	:	PUNCT
ftr-365	223	33	(	(	PUNCT
ftr-365	223	34	1	1	X
ftr-365	223	35	)	)	PUNCT
ftr-365	223	36	production	production	NOUN
ftr-365	223	37	of	of	ADP
ftr-365	223	38	wealth	wealth	NOUN
ftr-365	223	39	;	;	PUNCT
ftr-365	223	40	(	(	PUNCT
ftr-365	223	41	2	2	X
ftr-365	223	42	)	)	PUNCT
ftr-365	223	43	possession	possession	NOUN
ftr-365	223	44	of	of	ADP
ftr-365	223	45	wealth	wealth	NOUN
ftr-365	223	46	;	;	PUNCT
ftr-365	223	47	(	(	PUNCT
ftr-365	223	48	3	3	X
ftr-365	223	49	)	)	PUNCT
ftr-365	223	50	enforcement	enforcement	NOUN
ftr-365	223	51	of	of	ADP
ftr-365	223	52	rights	right	NOUN
ftr-365	223	53	over	over	ADP
ftr-365	223	54	property	property	NOUN
ftr-365	223	55	;	;	PUNCT
ftr-365	223	56	and	and	CCONJ
ftr-365	223	57	(	(	PUNCT
ftr-365	223	58	4	4	X
ftr-365	223	59	)	)	PUNCT
ftr-365	223	60	disposition	disposition	NOUN
ftr-365	223	61	of	of	ADP
ftr-365	223	62	wealth	wealth	NOUN
ftr-365	223	63	.	.	PUNCT
ftr-365	224	1	46	46	NUM
ftr-365	225	1	the	the	DET
ftr-365	225	2	league	league	PROPN
ftr-365	225	3	of	of	ADP
ftr-365	225	4	nations	nations	PROPN
ftr-365	225	5	report	report	NOUN
ftr-365	225	6	(	(	PUNCT
ftr-365	225	7	1923	1923	NUM
ftr-365	225	8	)	)	PUNCT
ftr-365	225	9	gave	give	VERB
ftr-365	225	10	equal	equal	ADJ
ftr-365	225	11	treatment	treatment	NOUN
ftr-365	225	12	to	to	ADP
ftr-365	225	13	all	all	DET
ftr-365	225	14	four	four	NUM
ftr-365	225	15	,	,	PUNCT
ftr-365	225	16	but	but	CCONJ
ftr-365	225	17	as	as	ADP
ftr-365	225	18	of	of	ADP
ftr-365	225	19	today	today	NOUN
ftr-365	225	20	,	,	PUNCT
ftr-365	225	21	most	most	ADJ
ftr-365	225	22	countries	country	NOUN
ftr-365	225	23	apply	apply	VERB
ftr-365	225	24	one	one	NUM
ftr-365	225	25	of	of	ADP
ftr-365	225	26	the	the	DET
ftr-365	225	27	following	follow	VERB
ftr-365	225	28	regimes	regime	NOUN
ftr-365	225	29	:	:	PUNCT
ftr-365	225	30	residency	residency	NOUN
ftr-365	225	31	,	,	PUNCT
ftr-365	225	32	source	source	NOUN
ftr-365	225	33	,	,	PUNCT
ftr-365	225	34	or	or	CCONJ
ftr-365	225	35	a	a	DET
ftr-365	225	36	combination	combination	NOUN
ftr-365	225	37	thereof	thereof	ADV
ftr-365	225	38	.	.	PUNCT
ftr-365	226	1	47	47	NUM
ftr-365	226	2	the	the	DET
ftr-365	226	3	league	league	PROPN
ftr-365	226	4	of	of	ADP
ftr-365	226	5	nations	nations	PROPN
ftr-365	226	6	report	report	NOUN
ftr-365	226	7	(	(	PUNCT
ftr-365	226	8	1923	1923	NUM
ftr-365	226	9	)	)	PUNCT
ftr-365	226	10	also	also	ADV
ftr-365	226	11	discussed	discuss	VERB
ftr-365	226	12	the	the	DET
ftr-365	226	13	issue	issue	NOUN
ftr-365	226	14	of	of	ADP
ftr-365	226	15	double	double	ADJ
ftr-365	226	16	taxation	taxation	NOUN
ftr-365	226	17	.	.	PUNCT
ftr-365	227	1	48	48	NUM
ftr-365	227	2	obviously	obviously	ADV
ftr-365	227	3	,	,	PUNCT
ftr-365	227	4	if	if	SCONJ
ftr-365	227	5	all	all	DET
ftr-365	227	6	countries	country	NOUN
ftr-365	227	7	apply	apply	VERB
ftr-365	227	8	the	the	DET
ftr-365	227	9	same	same	ADJ
ftr-365	227	10	regime	regime	NOUN
ftr-365	227	11	,	,	PUNCT
ftr-365	227	12	or	or	CCONJ
ftr-365	227	13	if	if	SCONJ
ftr-365	227	14	all	all	DET
ftr-365	227	15	countries	country	NOUN
ftr-365	227	16	sign	sign	VERB
ftr-365	227	17	tax	tax	NOUN
ftr-365	227	18	treaties	treaty	NOUN
ftr-365	227	19	with	with	ADP
ftr-365	227	20	each	each	DET
ftr-365	227	21	other	other	ADJ
ftr-365	227	22	,	,	PUNCT
ftr-365	227	23	then	then	ADV
ftr-365	227	24	double	double	ADJ
ftr-365	227	25	taxation	taxation	NOUN
ftr-365	227	26	will	will	AUX
ftr-365	227	27	never	never	ADV
ftr-365	227	28	arise	arise	VERB
ftr-365	227	29	.	.	PUNCT
ftr-365	228	1	nevertheless	nevertheless	ADV
ftr-365	228	2	,	,	PUNCT
ftr-365	228	3	since	since	SCONJ
ftr-365	228	4	countries	country	NOUN
ftr-365	228	5	are	be	AUX
ftr-365	228	6	free	free	ADJ
ftr-365	228	7	to	to	PART
ftr-365	228	8	choose	choose	VERB
ftr-365	228	9	any	any	DET
ftr-365	228	10	regime	regime	NOUN
ftr-365	228	11	they	they	PRON
ftr-365	228	12	want	want	VERB
ftr-365	228	13	,	,	PUNCT
ftr-365	228	14	and	and	CCONJ
ftr-365	228	15	the	the	DET
ftr-365	228	16	treaty	treaty	NOUN
ftr-365	228	17	network	network	NOUN
ftr-365	228	18	is	be	AUX
ftr-365	228	19	still	still	ADV
ftr-365	228	20	incomplete	incomplete	ADJ
ftr-365	228	21	,	,	PUNCT
ftr-365	228	22	then	then	ADV
ftr-365	228	23	double	double	ADJ
ftr-365	228	24	taxation	taxation	NOUN
ftr-365	228	25	frequently	frequently	ADV
ftr-365	228	26	arises	arise	VERB
ftr-365	228	27	.	.	PUNCT
ftr-365	229	1	the	the	DET
ftr-365	229	2	classic	classic	ADJ
ftr-365	229	3	double	double	ADJ
ftr-365	229	4	taxation	taxation	NOUN
ftr-365	229	5	situation	situation	NOUN
ftr-365	229	6	arises	arise	VERB
ftr-365	229	7	when	when	SCONJ
ftr-365	229	8	a	a	DET
ftr-365	229	9	resident	resident	NOUN
ftr-365	229	10	of	of	ADP
ftr-365	229	11	country	country	NOUN
ftr-365	229	12	r	r	NOUN
ftr-365	229	13	,	,	PUNCT
ftr-365	229	14	whose	whose	DET
ftr-365	229	15	international	international	ADJ
ftr-365	229	16	tax	tax	NOUN
ftr-365	229	17	regime	regime	NOUN
ftr-365	229	18	is	be	AUX
ftr-365	229	19	residency	residency	NOUN
ftr-365	229	20	-	-	PUNCT
ftr-365	229	21	based	base	VERB
ftr-365	229	22	regime	regime	NOUN
ftr-365	229	23	,	,	PUNCT
ftr-365	229	24	derives	derive	VERB
ftr-365	229	25	income	income	NOUN
ftr-365	229	26	that	that	PRON
ftr-365	229	27	is	be	AUX
ftr-365	229	28	sourced	source	VERB
ftr-365	229	29	in	in	ADP
ftr-365	229	30	country	country	PROPN
ftr-365	229	31	d.	d.	PROPN
ftr-365	229	32	49	49	NUM
ftr-365	229	33	in	in	ADP
ftr-365	229	34	this	this	DET
ftr-365	229	35	case	case	NOUN
ftr-365	229	36	,	,	PUNCT
ftr-365	229	37	country	country	NOUN
ftr-365	229	38	d	d	NOUN
ftr-365	229	39	would	would	AUX
ftr-365	229	40	most	most	ADV
ftr-365	229	41	likely	likely	ADV
ftr-365	229	42	wish	wish	VERB
ftr-365	229	43	to	to	PART
ftr-365	229	44	tax	tax	VERB
ftr-365	229	45	such	such	ADJ
ftr-365	229	46	income	income	NOUN
ftr-365	229	47	as	as	ADP
ftr-365	229	48	the	the	DET
ftr-365	229	49	source	source	NOUN
ftr-365	229	50	country	country	NOUN
ftr-365	229	51	,	,	PUNCT
ftr-365	229	52	while	while	SCONJ
ftr-365	229	53	country	country	NOUN
ftr-365	229	54	r	r	NOUN
ftr-365	229	55	would	would	AUX
ftr-365	229	56	wish	wish	VERB
ftr-365	229	57	to	to	PART
ftr-365	229	58	tax	tax	VERB
ftr-365	229	59	the	the	DET
ftr-365	229	60	same	same	ADJ
ftr-365	229	61	income	income	NOUN
ftr-365	229	62	as	as	ADP
ftr-365	229	63	the	the	DET
ftr-365	229	64	residency	residency	NOUN
ftr-365	229	65	country	country	NOUN
ftr-365	229	66	.	.	PUNCT
ftr-365	230	1	in	in	ADP
ftr-365	230	2	the	the	DET
ftr-365	230	3	absence	absence	NOUN
ftr-365	230	4	of	of	ADP
ftr-365	230	5	a	a	DET
ftr-365	230	6	treaty	treaty	NOUN
ftr-365	230	7	or	or	CCONJ
ftr-365	230	8	domestic	domestic	ADJ
ftr-365	230	9	relief	relief	NOUN
ftr-365	230	10	,	,	PUNCT
ftr-365	230	11	the	the	DET
ftr-365	230	12	taxpayer	taxpayer	NOUN
ftr-365	230	13	could	could	AUX
ftr-365	230	14	be	be	AUX
ftr-365	230	15	subject	subject	ADJ
ftr-365	230	16	to	to	ADP
ftr-365	230	17	double	double	ADJ
ftr-365	230	18	taxation	taxation	NOUN
ftr-365	230	19	on	on	ADP
ftr-365	230	20	the	the	DET
ftr-365	230	21	same	same	ADJ
ftr-365	230	22	exact	exact	ADJ
ftr-365	230	23	income	income	NOUN
ftr-365	230	24	.	.	PUNCT
ftr-365	231	1	the	the	DET
ftr-365	231	2	league	league	PROPN
ftr-365	231	3	of	of	ADP
ftr-365	231	4	nations	nations	PROPN
ftr-365	231	5	report	report	NOUN
ftr-365	231	6	(	(	PUNCT
ftr-365	231	7	1923	1923	NUM
ftr-365	231	8	)	)	PUNCT
ftr-365	231	9	generally	generally	ADV
ftr-365	231	10	concluded	conclude	VERB
ftr-365	231	11	that	that	SCONJ
ftr-365	231	12	the	the	DET
ftr-365	231	13	source	source	NOUN
ftr-365	231	14	country	country	NOUN
ftr-365	231	15	should	should	AUX
ftr-365	231	16	have	have	VERB
ftr-365	231	17	the	the	DET
ftr-365	231	18	first	first	ADJ
ftr-365	231	19	priority	priority	NOUN
ftr-365	231	20	to	to	ADP
ftr-365	231	21	tax	tax	NOUN
ftr-365	231	22	income	income	NOUN
ftr-365	231	23	derived	derive	VERB
ftr-365	231	24	therein	therein	ADV
ftr-365	231	25	.	.	PUNCT
ftr-365	232	1	50	50	NUM
ftr-365	232	2	45	45	NUM
ftr-365	232	3	.	.	PUNCT
ftr-365	233	1	michael	michael	PROPN
ftr-365	233	2	j.	j.	PROPN
ftr-365	233	3	graetz	graetz	PROPN
ftr-365	233	4	&	&	CCONJ
ftr-365	233	5	michael	michael	PROPN
ftr-365	233	6	m.	m.	PROPN
ftr-365	233	7	o’hear	o’hear	PROPN
ftr-365	233	8	,	,	PUNCT
ftr-365	233	9	the	the	DET
ftr-365	233	10	“	"	PUNCT
ftr-365	233	11	original	original	ADJ
ftr-365	233	12	intent	intent	NOUN
ftr-365	233	13	”	"	PUNCT
ftr-365	233	14	of	of	ADP
ftr-365	233	15	u.s	u.s	PROPN
ftr-365	233	16	.	.	PROPN
ftr-365	233	17	international	international	PROPN
ftr-365	233	18	taxation	taxation	NOUN
ftr-365	233	19	,	,	PUNCT
ftr-365	233	20	46	46	NUM
ftr-365	233	21	duke	duke	PROPN
ftr-365	233	22	l.j	l.j	PROPN
ftr-365	233	23	.	.	PROPN
ftr-365	233	24	1021	1021	NUM
ftr-365	233	25	,	,	PUNCT
ftr-365	233	26	1033	1033	NUM
ftr-365	233	27	(	(	PUNCT
ftr-365	233	28	1997	1997	NUM
ftr-365	233	29	)	)	PUNCT
ftr-365	233	30	.	.	PUNCT
ftr-365	234	1	46	46	NUM
ftr-365	234	2	.	.	PUNCT
ftr-365	235	1	league	league	PROPN
ftr-365	235	2	of	of	ADP
ftr-365	235	3	nations	nations	PROPN
ftr-365	235	4	report	report	NOUN
ftr-365	235	5	(	(	PUNCT
ftr-365	235	6	1923	1923	NUM
ftr-365	235	7	)	)	PUNCT
ftr-365	235	8	,	,	PUNCT
ftr-365	235	9	supra	supra	PROPN
ftr-365	235	10	note	note	NOUN
ftr-365	235	11	4	4	NUM
ftr-365	235	12	,	,	PUNCT
ftr-365	235	13	at	at	ADP
ftr-365	235	14	25	25	NUM
ftr-365	235	15	.	.	PUNCT
ftr-365	236	1	47	47	NUM
ftr-365	236	2	.	.	PUNCT
ftr-365	237	1	see	see	VERB
ftr-365	237	2	avi	avi	NOUN
ftr-365	237	3	-	-	PUNCT
ftr-365	237	4	yonah	yonah	NOUN
ftr-365	237	5	(	(	PUNCT
ftr-365	237	6	1996	1996	NUM
ftr-365	237	7	)	)	PUNCT
ftr-365	237	8	,	,	PUNCT
ftr-365	237	9	supra	supra	PROPN
ftr-365	237	10	note	note	PROPN
ftr-365	237	11	7	7	NUM
ftr-365	237	12	,	,	PUNCT
ftr-365	237	13	at	at	ADP
ftr-365	237	14	n.	n.	PROPN
ftr-365	237	15	10	10	NUM
ftr-365	237	16	.	.	PUNCT
ftr-365	238	1	48	48	NUM
ftr-365	238	2	.	.	PUNCT
ftr-365	239	1	see	see	VERB
ftr-365	239	2	league	league	PROPN
ftr-365	239	3	of	of	ADP
ftr-365	239	4	nations	nation	NOUN
ftr-365	239	5	report	report	NOUN
ftr-365	239	6	(	(	PUNCT
ftr-365	239	7	1923	1923	NUM
ftr-365	239	8	)	)	PUNCT
ftr-365	239	9	,	,	PUNCT
ftr-365	239	10	supra	supra	PROPN
ftr-365	239	11	note	note	NOUN
ftr-365	239	12	4	4	NUM
ftr-365	239	13	,	,	PUNCT
ftr-365	239	14	at	at	ADP
ftr-365	239	15	40	40	NUM
ftr-365	239	16	-	-	SYM
ftr-365	239	17	42	42	NUM
ftr-365	239	18	.	.	PUNCT
ftr-365	239	19	49	49	NUM
ftr-365	239	20	.	.	PUNCT
ftr-365	240	1	other	other	ADJ
ftr-365	240	2	two	two	NUM
ftr-365	240	3	potential	potential	ADJ
ftr-365	240	4	double	double	ADJ
ftr-365	240	5	taxation	taxation	NOUN
ftr-365	240	6	situations	situation	NOUN
ftr-365	240	7	are	be	AUX
ftr-365	240	8	:	:	PUNCT
ftr-365	240	9	(	(	PUNCT
ftr-365	240	10	i	i	NOUN
ftr-365	240	11	)	)	PUNCT
ftr-365	240	12	residence	residence	NOUN
ftr-365	240	13	-	-	PUNCT
ftr-365	240	14	residence	residence	NOUN
ftr-365	240	15	:	:	PUNCT
ftr-365	240	16	when	when	SCONJ
ftr-365	240	17	two	two	NUM
ftr-365	240	18	countries	country	NOUN
ftr-365	240	19	can	can	AUX
ftr-365	240	20	claim	claim	VERB
ftr-365	240	21	residence	residence	NOUN
ftr-365	240	22	as	as	ADP
ftr-365	240	23	jurisdiction	jurisdiction	NOUN
ftr-365	240	24	on	on	ADP
ftr-365	240	25	the	the	DET
ftr-365	240	26	same	same	ADJ
ftr-365	240	27	individual	individual	NOUN
ftr-365	240	28	or	or	CCONJ
ftr-365	240	29	corporation	corporation	NOUN
ftr-365	240	30	;	;	PUNCT
ftr-365	240	31	and	and	CCONJ
ftr-365	240	32	(	(	PUNCT
ftr-365	240	33	ii	ii	NOUN
ftr-365	240	34	)	)	PUNCT
ftr-365	240	35	source	source	NOUN
ftr-365	240	36	-	-	PUNCT
ftr-365	240	37	source	source	NOUN
ftr-365	240	38	:	:	PUNCT
ftr-365	240	39	when	when	SCONJ
ftr-365	240	40	two	two	NUM
ftr-365	240	41	countries	country	NOUN
ftr-365	240	42	each	each	DET
ftr-365	240	43	claim	claim	VERB
ftr-365	240	44	to	to	PART
ftr-365	240	45	be	be	AUX
ftr-365	240	46	the	the	DET
ftr-365	240	47	source	source	NOUN
ftr-365	240	48	of	of	ADP
ftr-365	240	49	the	the	DET
ftr-365	240	50	income	income	NOUN
ftr-365	240	51	.	.	PUNCT
ftr-365	241	1	the	the	DET
ftr-365	241	2	latter	latter	ADJ
ftr-365	241	3	could	could	AUX
ftr-365	241	4	arise	arise	VERB
ftr-365	241	5	if	if	SCONJ
ftr-365	241	6	income	income	NOUN
ftr-365	241	7	is	be	AUX
ftr-365	241	8	derived	derive	VERB
ftr-365	241	9	from	from	ADP
ftr-365	241	10	a	a	DET
ftr-365	241	11	process	process	NOUN
ftr-365	241	12	that	that	PRON
ftr-365	241	13	takes	take	VERB
ftr-365	241	14	place	place	NOUN
ftr-365	241	15	in	in	ADP
ftr-365	241	16	more	more	ADJ
ftr-365	241	17	than	than	ADP
ftr-365	241	18	one	one	NUM
ftr-365	241	19	country	country	NOUN
ftr-365	241	20	.	.	PUNCT
ftr-365	242	1	50	50	NUM
ftr-365	242	2	.	.	X
ftr-365	243	1	league	league	PROPN
ftr-365	243	2	of	of	ADP
ftr-365	243	3	nations	nations	PROPN
ftr-365	243	4	report	report	NOUN
ftr-365	243	5	(	(	PUNCT
ftr-365	243	6	1923	1923	NUM
ftr-365	243	7	)	)	PUNCT
ftr-365	243	8	,	,	PUNCT
ftr-365	243	9	supra	supra	PROPN
ftr-365	243	10	note	note	NOUN
ftr-365	243	11	4	4	NUM
ftr-365	243	12	,	,	PUNCT
ftr-365	243	13	at	at	ADP
ftr-365	243	14	40	40	NUM
ftr-365	243	15	(	(	PUNCT
ftr-365	243	16	“	"	PUNCT
ftr-365	243	17	a	a	DET
ftr-365	243	18	survey	survey	NOUN
ftr-365	243	19	of	of	ADP
ftr-365	243	20	the	the	DET
ftr-365	243	21	whole	whole	ADJ
ftr-365	243	22	field	field	NOUN
ftr-365	243	23	of	of	ADP
ftr-365	243	24	recent	recent	ADJ
ftr-365	243	25	taxation	taxation	NOUN
ftr-365	243	26	shows	show	VERB
ftr-365	243	27	how	how	SCONJ
ftr-365	243	28	completely	completely	ADV
ftr-365	243	29	governments	government	NOUN
ftr-365	243	30	are	be	AUX
ftr-365	243	31	dominated	dominate	VERB
ftr-365	243	32	by	by	ADP
ftr-365	243	33	the	the	DET
ftr-365	243	34	12	12	NUM
ftr-365	243	35	florida	florida	PROPN
ftr-365	243	36	tax	tax	NOUN
ftr-365	243	37	review	review	NOUN
ftr-365	244	1	[	[	X
ftr-365	244	2	vol	vol	NOUN
ftr-365	244	3	.	.	PUNCT
ftr-365	244	4	9:1	9:1	NUM
ftr-365	245	1	nevertheless	nevertheless	ADV
ftr-365	245	2	,	,	PUNCT
ftr-365	245	3	the	the	DET
ftr-365	245	4	league	league	NOUN
ftr-365	245	5	of	of	ADP
ftr-365	245	6	nations	nations	PROPN
ftr-365	245	7	report	report	NOUN
ftr-365	245	8	(	(	PUNCT
ftr-365	245	9	1923	1923	NUM
ftr-365	245	10	)	)	PUNCT
ftr-365	245	11	also	also	ADV
ftr-365	245	12	suggested	suggest	VERB
ftr-365	245	13	that	that	SCONJ
ftr-365	245	14	income	income	NOUN
ftr-365	245	15	items	item	NOUN
ftr-365	245	16	should	should	AUX
ftr-365	245	17	be	be	AUX
ftr-365	245	18	classified	classify	VERB
ftr-365	245	19	according	accord	VERB
ftr-365	245	20	to	to	ADP
ftr-365	245	21	whether	whether	SCONJ
ftr-365	245	22	the	the	DET
ftr-365	245	23	primary	primary	ADJ
ftr-365	245	24	economic	economic	ADJ
ftr-365	245	25	activity	activity	NOUN
ftr-365	245	26	giving	give	VERB
ftr-365	245	27	rise	rise	NOUN
ftr-365	245	28	to	to	ADP
ftr-365	245	29	the	the	DET
ftr-365	245	30	income	income	NOUN
ftr-365	245	31	takes	take	VERB
ftr-365	245	32	place	place	NOUN
ftr-365	245	33	in	in	ADP
ftr-365	245	34	the	the	DET
ftr-365	245	35	source	source	NOUN
ftr-365	245	36	country	country	NOUN
ftr-365	245	37	or	or	CCONJ
ftr-365	245	38	in	in	ADP
ftr-365	245	39	the	the	DET
ftr-365	245	40	residence	residence	NOUN
ftr-365	245	41	country	country	NOUN
ftr-365	245	42	.	.	PUNCT
ftr-365	246	1	51	51	NUM
ftr-365	246	2	this	this	DET
ftr-365	246	3	division	division	NOUN
ftr-365	246	4	is	be	AUX
ftr-365	246	5	generally	generally	ADV
ftr-365	246	6	referred	refer	VERB
ftr-365	246	7	to	to	ADP
ftr-365	246	8	as	as	ADP
ftr-365	246	9	between	between	ADP
ftr-365	246	10	active	active	ADJ
ftr-365	246	11	and	and	CCONJ
ftr-365	246	12	passive	passive	ADJ
ftr-365	246	13	income	income	NOUN
ftr-365	246	14	(	(	PUNCT
ftr-365	246	15	as	as	SCONJ
ftr-365	246	16	discussed	discuss	VERB
ftr-365	246	17	below	below	ADV
ftr-365	246	18	)	)	PUNCT
ftr-365	246	19	.	.	PUNCT
ftr-365	247	1	52	52	NUM
ftr-365	247	2	b.	b.	PROPN
ftr-365	247	3	source	source	NOUN
ftr-365	247	4	-	-	PUNCT
ftr-365	247	5	based	base	VERB
ftr-365	247	6	and	and	CCONJ
ftr-365	247	7	residency	residency	NOUN
ftr-365	247	8	-	-	PUNCT
ftr-365	247	9	based	base	VERB
ftr-365	247	10	taxation	taxation	NOUN
ftr-365	247	11	in	in	ADP
ftr-365	247	12	a	a	DET
ftr-365	247	13	residency	residency	NOUN
ftr-365	247	14	-	-	PUNCT
ftr-365	247	15	based	base	VERB
ftr-365	247	16	tax	tax	NOUN
ftr-365	247	17	regime	regime	NOUN
ftr-365	248	1	,	,	PUNCT
ftr-365	248	2	residents	resident	NOUN
ftr-365	248	3	are	be	AUX
ftr-365	248	4	taxed	tax	VERB
ftr-365	248	5	on	on	ADP
ftr-365	248	6	their	their	PRON
ftr-365	248	7	worldwide	worldwide	ADJ
ftr-365	248	8	income	income	NOUN
ftr-365	248	9	,	,	PUNCT
ftr-365	248	10	while	while	SCONJ
ftr-365	248	11	non	non	NOUN
ftr-365	248	12	-	-	NOUN
ftr-365	248	13	residents	resident	NOUN
ftr-365	248	14	are	be	AUX
ftr-365	248	15	taxed	tax	VERB
ftr-365	248	16	only	only	ADV
ftr-365	248	17	on	on	ADP
ftr-365	248	18	their	their	PRON
ftr-365	248	19	income	income	NOUN
ftr-365	248	20	derived	derive	VERB
ftr-365	248	21	in	in	ADP
ftr-365	248	22	the	the	DET
ftr-365	248	23	source	source	NOUN
ftr-365	248	24	country	country	NOUN
ftr-365	248	25	.	.	PUNCT
ftr-365	249	1	53	53	NUM
ftr-365	249	2	examples	example	NOUN
ftr-365	249	3	of	of	ADP
ftr-365	249	4	countries	country	NOUN
ftr-365	249	5	utilizing	utilize	VERB
ftr-365	249	6	this	this	DET
ftr-365	249	7	regime	regime	NOUN
ftr-365	249	8	are	be	AUX
ftr-365	249	9	the	the	DET
ftr-365	249	10	united	united	PROPN
ftr-365	249	11	states	states	PROPN
ftr-365	249	12	,	,	PUNCT
ftr-365	249	13	japan	japan	PROPN
ftr-365	249	14	,	,	PUNCT
ftr-365	249	15	and	and	CCONJ
ftr-365	249	16	the	the	DET
ftr-365	249	17	united	united	ADJ
ftr-365	249	18	kingdom	kingdom	NOUN
ftr-365	249	19	.	.	PUNCT
ftr-365	250	1	54	54	NUM
ftr-365	250	2	in	in	ADP
ftr-365	250	3	contrast	contrast	NOUN
ftr-365	250	4	,	,	PUNCT
ftr-365	250	5	in	in	ADP
ftr-365	250	6	the	the	DET
ftr-365	250	7	case	case	NOUN
ftr-365	250	8	of	of	ADP
ftr-365	250	9	source	source	NOUN
ftr-365	250	10	-	-	PUNCT
ftr-365	250	11	based	base	VERB
ftr-365	250	12	taxation	taxation	NOUN
ftr-365	250	13	,	,	PUNCT
ftr-365	250	14	residents	resident	NOUN
ftr-365	250	15	are	be	AUX
ftr-365	250	16	not	not	PART
ftr-365	250	17	taxed	tax	VERB
ftr-365	250	18	on	on	ADP
ftr-365	250	19	foreign	foreign	ADJ
ftr-365	250	20	source	source	NOUN
ftr-365	250	21	income	income	NOUN
ftr-365	250	22	and	and	CCONJ
ftr-365	250	23	non	non	NOUN
ftr-365	250	24	-	-	NOUN
ftr-365	250	25	residents	resident	NOUN
ftr-365	250	26	are	be	AUX
ftr-365	250	27	taxed	tax	VERB
ftr-365	250	28	on	on	ADP
ftr-365	250	29	income	income	NOUN
ftr-365	250	30	derived	derive	VERB
ftr-365	250	31	in	in	ADP
ftr-365	250	32	the	the	DET
ftr-365	250	33	source	source	NOUN
ftr-365	250	34	country	country	NOUN
ftr-365	250	35	.	.	PUNCT
ftr-365	251	1	55	55	NUM
ftr-365	251	2	examples	example	NOUN
ftr-365	251	3	of	of	ADP
ftr-365	251	4	countries	country	NOUN
ftr-365	251	5	utilizing	utilize	VERB
ftr-365	251	6	the	the	DET
ftr-365	251	7	source	source	NOUN
ftr-365	251	8	-	-	PUNCT
ftr-365	251	9	based	base	VERB
ftr-365	251	10	regime	regime	NOUN
ftr-365	251	11	are	be	AUX
ftr-365	251	12	germany	germany	PROPN
ftr-365	251	13	,	,	PUNCT
ftr-365	251	14	france	france	PROPN
ftr-365	251	15	and	and	CCONJ
ftr-365	251	16	the	the	DET
ftr-365	251	17	netherlands	netherlands	PROPN
ftr-365	251	18	.	.	PUNCT
ftr-365	252	1	56	56	NUM
ftr-365	252	2	nevertheless	nevertheless	ADV
ftr-365	252	3	,	,	PUNCT
ftr-365	252	4	most	most	ADJ
ftr-365	252	5	countries	country	NOUN
ftr-365	252	6	apply	apply	VERB
ftr-365	252	7	a	a	DET
ftr-365	252	8	combination	combination	NOUN
ftr-365	252	9	of	of	ADP
ftr-365	252	10	these	these	DET
ftr-365	252	11	two	two	NUM
ftr-365	252	12	regimes	regime	NOUN
ftr-365	252	13	.	.	PUNCT
ftr-365	252	14	57	57	NUM
ftr-365	252	15	in	in	ADP
ftr-365	252	16	particular	particular	ADJ
ftr-365	252	17	,	,	PUNCT
ftr-365	252	18	global	global	ADJ
ftr-365	252	19	regimes	regime	NOUN
ftr-365	252	20	very	very	ADV
ftr-365	252	21	frequently	frequently	ADV
ftr-365	252	22	allow	allow	VERB
ftr-365	252	23	for	for	ADP
ftr-365	252	24	deferral	deferral	ADJ
ftr-365	252	25	or	or	CCONJ
ftr-365	252	26	an	an	DET
ftr-365	252	27	exemption	exemption	NOUN
ftr-365	252	28	for	for	ADP
ftr-365	252	29	active	active	ADJ
ftr-365	252	30	income	income	NOUN
ftr-365	252	31	that	that	PRON
ftr-365	252	32	is	be	AUX
ftr-365	252	33	earned	earn	VERB
ftr-365	252	34	through	through	ADP
ftr-365	252	35	foreign	foreign	ADJ
ftr-365	252	36	subsidiaries	subsidiary	NOUN
ftr-365	252	37	;	;	PUNCT
ftr-365	252	38	thus	thus	ADV
ftr-365	252	39	,	,	PUNCT
ftr-365	252	40	certain	certain	ADJ
ftr-365	252	41	types	type	NOUN
ftr-365	252	42	of	of	ADP
ftr-365	252	43	foreign	foreign	ADJ
ftr-365	252	44	source	source	NOUN
ftr-365	252	45	income	income	NOUN
ftr-365	252	46	are	be	AUX
ftr-365	252	47	not	not	PART
ftr-365	252	48	taxed	tax	VERB
ftr-365	252	49	by	by	ADP
ftr-365	252	50	global	global	ADJ
ftr-365	252	51	regimes	regime	NOUN
ftr-365	252	52	.	.	PUNCT
ftr-365	253	1	58	58	NUM
ftr-365	253	2	in	in	ADP
ftr-365	253	3	addition	addition	NOUN
ftr-365	253	4	,	,	PUNCT
ftr-365	253	5	there	there	PRON
ftr-365	253	6	are	be	VERB
ftr-365	253	7	desire	desire	NOUN
ftr-365	253	8	to	to	PART
ftr-365	253	9	tax	tax	VERB
ftr-365	253	10	the	the	DET
ftr-365	253	11	foreigner	foreigner	NOUN
ftr-365	253	12	.	.	PUNCT
ftr-365	253	13	.	.	PUNCT
ftr-365	253	14	.	.	PUNCT
ftr-365	254	1	.	.	PUNCT
ftr-365	255	1	from	from	ADP
ftr-365	255	2	this	this	PRON
ftr-365	255	3	flows	flow	VERB
ftr-365	255	4	the	the	DET
ftr-365	255	5	consequence	consequence	NOUN
ftr-365	255	6	that	that	SCONJ
ftr-365	255	7	,	,	PUNCT
ftr-365	255	8	when	when	SCONJ
ftr-365	255	9	double	double	ADJ
ftr-365	255	10	taxation	taxation	NOUN
ftr-365	255	11	is	be	AUX
ftr-365	255	12	involved	involve	VERB
ftr-365	255	13	,	,	PUNCT
ftr-365	255	14	governments	government	NOUN
ftr-365	255	15	would	would	AUX
ftr-365	255	16	be	be	AUX
ftr-365	255	17	prepared	prepared	ADJ
ftr-365	255	18	to	to	PART
ftr-365	255	19	give	give	VERB
ftr-365	255	20	up	up	ADP
ftr-365	255	21	residence	residence	NOUN
ftr-365	255	22	rather	rather	ADV
ftr-365	255	23	than	than	ADP
ftr-365	255	24	origin	origin	NOUN
ftr-365	255	25	as	as	ADP
ftr-365	255	26	establishing	establish	VERB
ftr-365	255	27	the	the	DET
ftr-365	255	28	prime	prime	ADJ
ftr-365	255	29	right	right	NOUN
ftr-365	255	30	.	.	PUNCT
ftr-365	255	31	”	"	PUNCT
ftr-365	255	32	)	)	PUNCT
ftr-365	255	33	.	.	PUNCT
ftr-365	256	1	51	51	NUM
ftr-365	256	2	.	.	PUNCT
ftr-365	257	1	i	i	PRON
ftr-365	257	2	d.	d.	PROPN
ftr-365	257	3	at	at	ADP
ftr-365	257	4	40	40	NUM
ftr-365	257	5	-	-	SYM
ftr-365	257	6	2	2	NUM
ftr-365	257	7	.	.	NUM
ftr-365	257	8	52	52	NUM
ftr-365	257	9	.	.	PUNCT
ftr-365	258	1	i	i	PRON
ftr-365	258	2	d.	d.	PROPN
ftr-365	258	3	see	see	VERB
ftr-365	258	4	generally	generally	ADV
ftr-365	258	5	avi	avi	VERB
ftr-365	258	6	-	-	PUNCT
ftr-365	258	7	yonah	yonah	NOUN
ftr-365	258	8	(	(	PUNCT
ftr-365	258	9	1996	1996	NUM
ftr-365	258	10	)	)	PUNCT
ftr-365	258	11	,	,	PUNCT
ftr-365	258	12	supra	supra	PROPN
ftr-365	258	13	note	note	VERB
ftr-365	258	14	7	7	NUM
ftr-365	258	15	.	.	X
ftr-365	258	16	53	53	NUM
ftr-365	258	17	.	.	PUNCT
ftr-365	259	1	daniel	daniel	PROPN
ftr-365	259	2	j.	j.	PROPN
ftr-365	259	3	frisch	frisch	PROPN
ftr-365	259	4	,	,	PUNCT
ftr-365	259	5	the	the	DET
ftr-365	259	6	economics	economic	NOUN
ftr-365	259	7	of	of	ADP
ftr-365	259	8	international	international	ADJ
ftr-365	259	9	tax	tax	NOUN
ftr-365	259	10	policy	policy	NOUN
ftr-365	259	11	:	:	PUNCT
ftr-365	259	12	some	some	DET
ftr-365	259	13	old	old	ADJ
ftr-365	259	14	and	and	CCONJ
ftr-365	259	15	new	new	ADJ
ftr-365	259	16	approaches	approach	NOUN
ftr-365	259	17	,	,	PUNCT
ftr-365	259	18	47	47	NUM
ftr-365	259	19	tax	tax	NOUN
ftr-365	259	20	notes	note	NOUN
ftr-365	259	21	,	,	PUNCT
ftr-365	259	22	581	581	NUM
ftr-365	259	23	(	(	PUNCT
ftr-365	259	24	apr	apr	PROPN
ftr-365	259	25	.	.	PROPN
ftr-365	259	26	30	30	NUM
ftr-365	259	27	,	,	PUNCT
ftr-365	259	28	1990	1990	NUM
ftr-365	259	29	)	)	PUNCT
ftr-365	259	30	;	;	PUNCT
ftr-365	259	31	colon	colon	NOUN
ftr-365	259	32	,	,	PUNCT
ftr-365	259	33	supra	supra	NOUN
ftr-365	259	34	note	note	NOUN
ftr-365	259	35	5	5	NUM
ftr-365	259	36	,	,	PUNCT
ftr-365	259	37	at	at	ADP
ftr-365	259	38	780	780	NUM
ftr-365	259	39	;	;	PUNCT
ftr-365	259	40	rosenblom	rosenblom	PROPN
ftr-365	259	41	,	,	PUNCT
ftr-365	259	42	supra	supra	PROPN
ftr-365	259	43	note	note	NOUN
ftr-365	259	44	32	32	NUM
ftr-365	259	45	,	,	PUNCT
ftr-365	259	46	at	at	ADP
ftr-365	259	47	605	605	NUM
ftr-365	259	48	-	-	SYM
ftr-365	259	49	06	06	NUM
ftr-365	259	50	.	.	PUNCT
ftr-365	260	1	54	54	NUM
ftr-365	260	2	.	.	PUNCT
ftr-365	261	1	see	see	VERB
ftr-365	261	2	rosenbloom	rosenbloom	NOUN
ftr-365	261	3	,	,	PUNCT
ftr-365	261	4	supra	supra	PROPN
ftr-365	261	5	note	note	NOUN
ftr-365	261	6	32	32	NUM
ftr-365	261	7	,	,	PUNCT
ftr-365	261	8	at	at	ADP
ftr-365	261	9	605	605	NUM
ftr-365	261	10	-	-	SYM
ftr-365	261	11	06	06	NUM
ftr-365	261	12	.	.	PUNCT
ftr-365	262	1	55	55	NUM
ftr-365	262	2	.	.	PUNCT
ftr-365	263	1	edwards	edwards	PROPN
ftr-365	263	2	&	&	CCONJ
ftr-365	263	3	de	de	X
ftr-365	263	4	rugy	rugy	PROPN
ftr-365	263	5	,	,	PUNCT
ftr-365	263	6	supra	supra	NOUN
ftr-365	263	7	note	note	NOUN
ftr-365	263	8	3	3	NUM
ftr-365	263	9	,	,	PUNCT
ftr-365	263	10	at	at	ADP
ftr-365	263	11	83	83	NUM
ftr-365	263	12	.	.	PUNCT
ftr-365	263	13	56	56	NUM
ftr-365	263	14	.	.	PUNCT
ftr-365	264	1	i	i	PRON
ftr-365	264	2	d.	d.	PROPN
ftr-365	264	3	at	at	ADP
ftr-365	264	4	table	table	NOUN
ftr-365	264	5	10	10	NUM
ftr-365	264	6	-	-	SYM
ftr-365	264	7	2	2	NUM
ftr-365	264	8	.	.	PUNCT
ftr-365	264	9	territorial	territorial	ADJ
ftr-365	264	10	regimes	regime	NOUN
ftr-365	264	11	seek	seek	VERB
ftr-365	264	12	to	to	PART
ftr-365	264	13	tax	tax	VERB
ftr-365	264	14	all	all	DET
ftr-365	264	15	taxpayers	taxpayer	NOUN
ftr-365	264	16	including	include	VERB
ftr-365	264	17	resident	resident	ADJ
ftr-365	264	18	taxpayers	taxpayer	NOUN
ftr-365	264	19	only	only	ADV
ftr-365	264	20	on	on	ADP
ftr-365	264	21	domestic	domestic	ADJ
ftr-365	264	22	(	(	PUNCT
ftr-365	264	23	e.g.	e.g.	ADJ
ftr-365	264	24	,	,	PUNCT
ftr-365	264	25	french	french	ADJ
ftr-365	264	26	)	)	PUNCT
ftr-365	264	27	source	source	NOUN
ftr-365	264	28	income	income	NOUN
ftr-365	264	29	.	.	PUNCT
ftr-365	265	1	thus	thus	ADV
ftr-365	265	2	,	,	PUNCT
ftr-365	265	3	all	all	DET
ftr-365	265	4	taxpayers	taxpayer	NOUN
ftr-365	265	5	,	,	PUNCT
ftr-365	265	6	whether	whether	SCONJ
ftr-365	265	7	residing	reside	VERB
ftr-365	265	8	in	in	ADP
ftr-365	265	9	france	france	PROPN
ftr-365	265	10	or	or	CCONJ
ftr-365	265	11	abroad	abroad	ADV
ftr-365	265	12	,	,	PUNCT
ftr-365	265	13	only	only	ADV
ftr-365	265	14	pay	pay	VERB
ftr-365	265	15	tax	tax	NOUN
ftr-365	265	16	on	on	ADP
ftr-365	265	17	french	french	ADJ
ftr-365	265	18	source	source	NOUN
ftr-365	265	19	income	income	NOUN
ftr-365	265	20	.	.	PUNCT
ftr-365	266	1	i	i	PRON
ftr-365	266	2	d.	d.	PROPN
ftr-365	266	3	see	see	VERB
ftr-365	266	4	also	also	ADV
ftr-365	266	5	frisch	frisch	VERB
ftr-365	266	6	,	,	PUNCT
ftr-365	266	7	supra	supra	PROPN
ftr-365	266	8	note	note	NOUN
ftr-365	266	9	53	53	NUM
ftr-365	266	10	,	,	PUNCT
ftr-365	266	11	at	at	ADP
ftr-365	266	12	584	584	NUM
ftr-365	266	13	.	.	NOUN
ftr-365	266	14	57	57	NUM
ftr-365	266	15	.	.	PUNCT
ftr-365	267	1	i	i	PRON
ftr-365	267	2	d.	d.	PROPN
ftr-365	267	3	at	at	ADP
ftr-365	267	4	83	83	NUM
ftr-365	267	5	.	.	PUNCT
ftr-365	268	1	58	58	NUM
ftr-365	268	2	.	.	PUNCT
ftr-365	269	1	for	for	ADP
ftr-365	269	2	example	example	NOUN
ftr-365	269	3	,	,	PUNCT
ftr-365	269	4	in	in	ADP
ftr-365	269	5	the	the	DET
ftr-365	269	6	united	united	PROPN
ftr-365	269	7	states	states	PROPN
ftr-365	269	8	,	,	PUNCT
ftr-365	269	9	a	a	DET
ftr-365	269	10	u.s	u.s	PROPN
ftr-365	269	11	.	.	PROPN
ftr-365	269	12	resident	resident	NOUN
ftr-365	269	13	that	that	PRON
ftr-365	269	14	earns	earn	VERB
ftr-365	269	15	foreign	foreign	ADJ
ftr-365	269	16	source	source	NOUN
ftr-365	269	17	active	active	ADJ
ftr-365	269	18	income	income	NOUN
ftr-365	269	19	directly	directly	ADV
ftr-365	269	20	is	be	AUX
ftr-365	269	21	subject	subject	ADJ
ftr-365	269	22	to	to	ADP
ftr-365	269	23	u.s	u.s	PROPN
ftr-365	269	24	.	.	PROPN
ftr-365	269	25	tax	tax	NOUN
ftr-365	269	26	.	.	PUNCT
ftr-365	270	1	nevertheless	nevertheless	ADV
ftr-365	270	2	,	,	PUNCT
ftr-365	270	3	if	if	SCONJ
ftr-365	270	4	the	the	DET
ftr-365	270	5	u.s	u.s	PROPN
ftr-365	270	6	.	.	PROPN
ftr-365	270	7	resident	resident	NOUN
ftr-365	270	8	owns	own	VERB
ftr-365	270	9	100	100	NUM
ftr-365	270	10	%	%	NOUN
ftr-365	270	11	of	of	ADP
ftr-365	270	12	the	the	DET
ftr-365	270	13	shares	share	NOUN
ftr-365	270	14	of	of	ADP
ftr-365	270	15	a	a	DET
ftr-365	270	16	foreign	foreign	ADJ
ftr-365	270	17	corporation	corporation	NOUN
ftr-365	270	18	(	(	PUNCT
ftr-365	270	19	which	which	PRON
ftr-365	270	20	under	under	ADP
ftr-365	270	21	u.s	u.s	PROPN
ftr-365	270	22	.	.	PROPN
ftr-365	270	23	law	law	NOUN
ftr-365	270	24	is	be	AUX
ftr-365	270	25	not	not	PART
ftr-365	270	26	a	a	DET
ftr-365	270	27	u.s	u.s	PROPN
ftr-365	270	28	.	.	PROPN
ftr-365	270	29	resident	resident	NOUN
ftr-365	270	30	)	)	PUNCT
ftr-365	270	31	,	,	PUNCT
ftr-365	270	32	fundamentally	fundamentally	ADV
ftr-365	270	33	,	,	PUNCT
ftr-365	270	34	even	even	ADV
ftr-365	270	35	though	though	SCONJ
ftr-365	270	36	the	the	DET
ftr-365	270	37	u.s	u.s	PROPN
ftr-365	270	38	.	.	PROPN
ftr-365	270	39	resident	resident	PROPN
ftr-365	270	40	controls	control	VERB
ftr-365	270	41	the	the	DET
ftr-365	270	42	shares	share	NOUN
ftr-365	270	43	of	of	ADP
ftr-365	270	44	the	the	DET
ftr-365	270	45	foreign	foreign	ADJ
ftr-365	270	46	corporation	corporation	NOUN
ftr-365	270	47	,	,	PUNCT
ftr-365	270	48	the	the	DET
ftr-365	270	49	corporation	corporation	NOUN
ftr-365	270	50	is	be	AUX
ftr-365	270	51	treated	treat	VERB
ftr-365	270	52	as	as	ADP
ftr-365	270	53	a	a	DET
ftr-365	270	54	separate	separate	ADJ
ftr-365	270	55	legal	legal	ADJ
ftr-365	270	56	entity	entity	NOUN
ftr-365	270	57	from	from	ADP
ftr-365	270	58	the	the	DET
ftr-365	270	59	shareholder	shareholder	NOUN
ftr-365	270	60	.	.	PUNCT
ftr-365	271	1	thus	thus	ADV
ftr-365	271	2	,	,	PUNCT
ftr-365	271	3	income	income	NOUN
ftr-365	271	4	earned	earn	VERB
ftr-365	271	5	by	by	ADP
ftr-365	271	6	the	the	DET
ftr-365	271	7	corporation	corporation	NOUN
ftr-365	271	8	is	be	AUX
ftr-365	271	9	not	not	PART
ftr-365	271	10	subject	subject	ADJ
ftr-365	271	11	to	to	ADP
ftr-365	271	12	u.s	u.s	PROPN
ftr-365	271	13	.	.	PROPN
ftr-365	271	14	tax	tax	NOUN
ftr-365	271	15	because	because	SCONJ
ftr-365	271	16	it	it	PRON
ftr-365	271	17	is	be	AUX
ftr-365	271	18	foreignsource	foreignsource	NOUN
ftr-365	271	19	income	income	NOUN
ftr-365	271	20	of	of	ADP
ftr-365	271	21	a	a	DET
ftr-365	271	22	non	non	ADJ
ftr-365	271	23	-	-	NOUN
ftr-365	271	24	resident	resident	NOUN
ftr-365	271	25	.	.	PUNCT
ftr-365	272	1	the	the	DET
ftr-365	272	2	shareholder	shareholder	NOUN
ftr-365	272	3	,	,	PUNCT
ftr-365	272	4	therefore	therefore	ADV
ftr-365	272	5	,	,	PUNCT
ftr-365	272	6	can	can	AUX
ftr-365	272	7	shift	shift	VERB
ftr-365	272	8	the	the	DET
ftr-365	272	9	income	income	NOUN
ftr-365	272	10	to	to	ADP
ftr-365	272	11	the	the	DET
ftr-365	272	12	corporation	corporation	NOUN
ftr-365	272	13	.	.	PUNCT
ftr-365	273	1	if	if	SCONJ
ftr-365	273	2	the	the	DET
ftr-365	273	3	corporation	corporation	NOUN
ftr-365	273	4	is	be	AUX
ftr-365	273	5	incorporated	incorporate	VERB
ftr-365	273	6	in	in	ADP
ftr-365	273	7	a	a	DET
ftr-365	273	8	“	"	PUNCT
ftr-365	273	9	tax	tax	NOUN
ftr-365	273	10	haven	haven	NOUN
ftr-365	273	11	,	,	PUNCT
ftr-365	273	12	”	"	PUNCT
ftr-365	273	13	the	the	DET
ftr-365	273	14	result	result	NOUN
ftr-365	273	15	would	would	AUX
ftr-365	273	16	be	be	AUX
ftr-365	273	17	no	no	DET
ftr-365	273	18	current	current	ADJ
ftr-365	273	19	taxation	taxation	NOUN
ftr-365	273	20	of	of	ADP
ftr-365	273	21	the	the	DET
ftr-365	273	22	foreign	foreign	ADJ
ftr-365	273	23	source	source	NOUN
ftr-365	273	24	income	income	NOUN
ftr-365	273	25	of	of	ADP
ftr-365	273	26	the	the	DET
ftr-365	273	27	corporation	corporation	NOUN
ftr-365	273	28	.	.	PUNCT
ftr-365	274	1	this	this	PRON
ftr-365	274	2	would	would	AUX
ftr-365	274	3	amount	amount	VERB
ftr-365	274	4	to	to	ADP
ftr-365	274	5	2008	2008	NUM
ftr-365	274	6	]	]	PUNCT
ftr-365	275	1	the	the	DET
ftr-365	275	2	case	case	NOUN
ftr-365	275	3	for	for	ADP
ftr-365	275	4	residency	residency	NOUN
ftr-365	275	5	-	-	PUNCT
ftr-365	275	6	based	base	VERB
ftr-365	275	7	taxation	taxation	NOUN
ftr-365	275	8	13	13	NUM
ftr-365	275	9	certain	certain	ADJ
ftr-365	275	10	forms	form	NOUN
ftr-365	275	11	of	of	ADP
ftr-365	275	12	foreign	foreign	ADJ
ftr-365	275	13	source	source	NOUN
ftr-365	275	14	passive	passive	ADJ
ftr-365	275	15	income	income	NOUN
ftr-365	275	16	of	of	ADP
ftr-365	275	17	residents	resident	NOUN
ftr-365	275	18	that	that	PRON
ftr-365	275	19	are	be	AUX
ftr-365	275	20	taxed	tax	VERB
ftr-365	275	21	even	even	ADV
ftr-365	275	22	by	by	ADP
ftr-365	275	23	territorial	territorial	ADJ
ftr-365	275	24	regimes	regime	NOUN
ftr-365	275	25	.	.	PUNCT
ftr-365	276	1	source	source	NOUN
ftr-365	276	2	-	-	PUNCT
ftr-365	276	3	based	base	VERB
ftr-365	276	4	taxation	taxation	NOUN
ftr-365	276	5	generally	generally	ADV
ftr-365	276	6	has	have	AUX
ftr-365	276	7	been	be	AUX
ftr-365	276	8	justified	justify	VERB
ftr-365	276	9	on	on	ADP
ftr-365	276	10	the	the	DET
ftr-365	276	11	grounds	ground	NOUN
ftr-365	276	12	that	that	SCONJ
ftr-365	276	13	the	the	DET
ftr-365	276	14	source	source	NOUN
ftr-365	276	15	country	country	NOUN
ftr-365	276	16	provides	provide	VERB
ftr-365	276	17	the	the	DET
ftr-365	276	18	taxpayer	taxpayer	NOUN
ftr-365	276	19	(	(	PUNCT
ftr-365	276	20	resident	resident	NOUN
ftr-365	276	21	or	or	CCONJ
ftr-365	276	22	non	non	ADJ
ftr-365	276	23	-	-	ADJ
ftr-365	276	24	resident	resident	NOUN
ftr-365	276	25	)	)	PUNCT
ftr-365	276	26	with	with	ADP
ftr-365	276	27	benefits	benefit	NOUN
ftr-365	276	28	that	that	PRON
ftr-365	276	29	allow	allow	VERB
ftr-365	276	30	such	such	ADJ
ftr-365	276	31	taxpayer	taxpayer	NOUN
ftr-365	276	32	to	to	PART
ftr-365	276	33	generate	generate	VERB
ftr-365	276	34	the	the	DET
ftr-365	276	35	income	income	NOUN
ftr-365	276	36	.	.	PUNCT
ftr-365	277	1	59	59	NUM
ftr-365	277	2	source	source	NOUN
ftr-365	277	3	-	-	PUNCT
ftr-365	277	4	based	base	VERB
ftr-365	277	5	taxation	taxation	NOUN
ftr-365	277	6	is	be	AUX
ftr-365	277	7	also	also	ADV
ftr-365	277	8	consistent	consistent	ADJ
ftr-365	277	9	with	with	ADP
ftr-365	277	10	the	the	DET
ftr-365	277	11	concept	concept	NOUN
ftr-365	277	12	of	of	ADP
ftr-365	277	13	capital	capital	NOUN
ftr-365	277	14	import	import	NOUN
ftr-365	277	15	neutrality	neutrality	NOUN
ftr-365	277	16	(	(	PUNCT
ftr-365	277	17	cin	cin	PROPN
ftr-365	277	18	)	)	PUNCT
ftr-365	277	19	.	.	PUNCT
ftr-365	278	1	60	60	NUM
ftr-365	278	2	residency	residency	NOUN
ftr-365	278	3	-	-	PUNCT
ftr-365	278	4	based	base	VERB
ftr-365	278	5	taxation	taxation	NOUN
ftr-365	278	6	,	,	PUNCT
ftr-365	278	7	on	on	ADP
ftr-365	278	8	the	the	DET
ftr-365	278	9	other	other	ADJ
ftr-365	278	10	hand	hand	NOUN
ftr-365	278	11	,	,	PUNCT
ftr-365	278	12	has	have	AUX
ftr-365	278	13	been	be	AUX
ftr-365	278	14	generally	generally	ADV
ftr-365	278	15	justified	justify	VERB
ftr-365	278	16	on	on	ADP
ftr-365	278	17	the	the	DET
ftr-365	278	18	grounds	ground	NOUN
ftr-365	278	19	that	that	SCONJ
ftr-365	278	20	it	it	PRON
ftr-365	278	21	is	be	AUX
ftr-365	278	22	consistent	consistent	ADJ
ftr-365	278	23	with	with	ADP
ftr-365	278	24	the	the	DET
ftr-365	278	25	ability	ability	NOUN
ftr-365	278	26	-	-	PUNCT
ftr-365	278	27	to	to	ADP
ftr-365	278	28	-	-	PUNCT
ftr-365	278	29	pay	pay	VERB
ftr-365	278	30	principle	principle	NOUN
ftr-365	278	31	(	(	PUNCT
ftr-365	278	32	equity	equity	NOUN
ftr-365	278	33	)	)	PUNCT
ftr-365	278	34	and	and	CCONJ
ftr-365	278	35	that	that	SCONJ
ftr-365	278	36	it	it	PRON
ftr-365	278	37	promotes	promote	VERB
ftr-365	278	38	efficiency	efficiency	NOUN
ftr-365	278	39	in	in	ADP
ftr-365	278	40	the	the	DET
ftr-365	278	41	form	form	NOUN
ftr-365	278	42	of	of	ADP
ftr-365	278	43	capital	capital	NOUN
ftr-365	278	44	export	export	NOUN
ftr-365	278	45	neutrality	neutrality	NOUN
ftr-365	278	46	(	(	PUNCT
ftr-365	278	47	cen	cen	PROPN
ftr-365	278	48	)	)	PUNCT
ftr-365	278	49	.	.	PUNCT
ftr-365	279	1	61	61	NUM
ftr-365	279	2	it	it	PRON
ftr-365	279	3	is	be	AUX
ftr-365	279	4	generally	generally	ADV
ftr-365	279	5	accepted	accept	VERB
ftr-365	279	6	that	that	SCONJ
ftr-365	279	7	cen	cen	NOUN
ftr-365	279	8	is	be	AUX
ftr-365	279	9	the	the	DET
ftr-365	279	10	better	well	ADJ
ftr-365	279	11	guide	guide	NOUN
ftr-365	279	12	for	for	ADP
ftr-365	279	13	cross	cross	ADJ
ftr-365	279	14	-	-	ADJ
ftr-365	279	15	border	border	ADJ
ftr-365	279	16	investment	investment	NOUN
ftr-365	279	17	(	(	PUNCT
ftr-365	279	18	both	both	CCONJ
ftr-365	279	19	direct	direct	ADJ
ftr-365	279	20	and	and	CCONJ
ftr-365	279	21	portfolio	portfolio	NOUN
ftr-365	279	22	investment	investment	NOUN
ftr-365	279	23	)	)	PUNCT
ftr-365	279	24	.	.	PUNCT
ftr-365	280	1	62	62	NUM
ftr-365	280	2	in	in	ADP
ftr-365	280	3	general	general	ADJ
ftr-365	280	4	,	,	PUNCT
ftr-365	280	5	the	the	DET
ftr-365	280	6	united	united	PROPN
ftr-365	280	7	states	states	PROPN
ftr-365	280	8	exercises	exercise	VERB
ftr-365	280	9	income	income	NOUN
ftr-365	280	10	tax	tax	NOUN
ftr-365	280	11	jurisdiction	jurisdiction	NOUN
ftr-365	280	12	on	on	ADP
ftr-365	280	13	both	both	CCONJ
ftr-365	280	14	a	a	DET
ftr-365	280	15	source	source	NOUN
ftr-365	280	16	and	and	CCONJ
ftr-365	280	17	a	a	DET
ftr-365	280	18	residency	residency	NOUN
ftr-365	280	19	basis	basis	NOUN
ftr-365	280	20	.	.	PUNCT
ftr-365	281	1	63	63	NUM
ftr-365	281	2	pursuant	pursuant	ADJ
ftr-365	281	3	to	to	ADP
ftr-365	281	4	irc	irc	PROPN
ftr-365	281	5	section	section	NOUN
ftr-365	281	6	61	61	NUM
ftr-365	281	7	:	:	PUNCT
ftr-365	281	8	“	"	PUNCT
ftr-365	281	9	except	except	SCONJ
ftr-365	281	10	as	as	ADP
ftr-365	281	11	otherwise	otherwise	ADV
ftr-365	281	12	virtually	virtually	ADV
ftr-365	281	13	complete	complete	ADJ
ftr-365	281	14	exemption	exemption	NOUN
ftr-365	281	15	in	in	ADP
ftr-365	281	16	present	present	ADJ
ftr-365	281	17	value	value	NOUN
ftr-365	281	18	terms	term	NOUN
ftr-365	281	19	if	if	SCONJ
ftr-365	281	20	the	the	DET
ftr-365	281	21	deferral	deferral	ADJ
ftr-365	281	22	lasts	last	VERB
ftr-365	281	23	long	long	ADV
ftr-365	281	24	enough	enough	ADV
ftr-365	281	25	.	.	PUNCT
ftr-365	282	1	u.s	u.s	PROPN
ftr-365	282	2	.	.	PROPN
ftr-365	282	3	tax	tax	NOUN
ftr-365	282	4	will	will	AUX
ftr-365	282	5	be	be	AUX
ftr-365	282	6	imposed	impose	VERB
ftr-365	282	7	only	only	ADV
ftr-365	282	8	on	on	ADP
ftr-365	282	9	one	one	NUM
ftr-365	282	10	of	of	ADP
ftr-365	282	11	two	two	NUM
ftr-365	282	12	events	event	NOUN
ftr-365	282	13	either	either	ADV
ftr-365	282	14	:	:	PUNCT
ftr-365	282	15	(	(	PUNCT
ftr-365	282	16	i	i	NOUN
ftr-365	282	17	)	)	PUNCT
ftr-365	282	18	when	when	SCONJ
ftr-365	282	19	the	the	DET
ftr-365	282	20	foreign	foreign	ADJ
ftr-365	282	21	corporation	corporation	NOUN
ftr-365	282	22	actually	actually	ADV
ftr-365	282	23	pays	pay	VERB
ftr-365	282	24	the	the	DET
ftr-365	282	25	dividends	dividend	NOUN
ftr-365	282	26	to	to	ADP
ftr-365	282	27	the	the	DET
ftr-365	282	28	u.s	u.s	PROPN
ftr-365	282	29	.	.	PROPN
ftr-365	282	30	resident	resident	NOUN
ftr-365	282	31	then	then	ADV
ftr-365	282	32	there	there	PRON
ftr-365	282	33	is	be	VERB
ftr-365	282	34	tax	tax	NOUN
ftr-365	282	35	because	because	SCONJ
ftr-365	282	36	this	this	PRON
ftr-365	282	37	is	be	AUX
ftr-365	282	38	income	income	NOUN
ftr-365	282	39	of	of	ADP
ftr-365	282	40	the	the	DET
ftr-365	282	41	u.s	u.s	PROPN
ftr-365	282	42	.	.	PROPN
ftr-365	282	43	resident	resident	PROPN
ftr-365	282	44	;	;	PUNCT
ftr-365	282	45	or	or	CCONJ
ftr-365	282	46	(	(	PUNCT
ftr-365	282	47	ii	ii	NOUN
ftr-365	282	48	)	)	PUNCT
ftr-365	282	49	when	when	SCONJ
ftr-365	282	50	,	,	PUNCT
ftr-365	282	51	the	the	DET
ftr-365	282	52	u.s	u.s	PROPN
ftr-365	282	53	.	.	PROPN
ftr-365	282	54	resident	resident	NOUN
ftr-365	282	55	can	can	AUX
ftr-365	282	56	sell	sell	VERB
ftr-365	282	57	the	the	DET
ftr-365	282	58	shares	share	NOUN
ftr-365	282	59	,	,	PUNCT
ftr-365	282	60	and	and	CCONJ
ftr-365	282	61	that	that	PRON
ftr-365	282	62	would	would	AUX
ftr-365	282	63	be	be	AUX
ftr-365	282	64	a	a	DET
ftr-365	282	65	capital	capital	NOUN
ftr-365	282	66	gain	gain	NOUN
ftr-365	282	67	subject	subject	ADJ
ftr-365	282	68	to	to	ADP
ftr-365	282	69	tax	tax	NOUN
ftr-365	282	70	too	too	ADV
ftr-365	282	71	,	,	PUNCT
ftr-365	282	72	although	although	SCONJ
ftr-365	282	73	at	at	ADP
ftr-365	282	74	a	a	DET
ftr-365	282	75	reduced	reduced	ADJ
ftr-365	282	76	rate	rate	NOUN
ftr-365	282	77	of	of	ADP
ftr-365	282	78	tax	tax	NOUN
ftr-365	282	79	under	under	ADP
ftr-365	282	80	u.s	u.s	PROPN
ftr-365	282	81	.	.	PROPN
ftr-365	282	82	rules	rule	NOUN
ftr-365	282	83	.	.	PUNCT
ftr-365	283	1	those	those	DET
ftr-365	283	2	two	two	NUM
ftr-365	283	3	events	event	NOUN
ftr-365	283	4	certainly	certainly	ADV
ftr-365	283	5	would	would	AUX
ftr-365	283	6	trigger	trigger	VERB
ftr-365	283	7	the	the	DET
ftr-365	283	8	tax	tax	NOUN
ftr-365	283	9	,	,	PUNCT
ftr-365	283	10	but	but	CCONJ
ftr-365	283	11	both	both	DET
ftr-365	283	12	events	event	NOUN
ftr-365	283	13	are	be	AUX
ftr-365	283	14	also	also	ADV
ftr-365	283	15	completely	completely	ADV
ftr-365	283	16	under	under	ADP
ftr-365	283	17	the	the	DET
ftr-365	283	18	control	control	NOUN
ftr-365	283	19	of	of	ADP
ftr-365	283	20	the	the	DET
ftr-365	283	21	u.s	u.s	PROPN
ftr-365	283	22	.	.	PROPN
ftr-365	283	23	resident	resident	NOUN
ftr-365	283	24	.	.	PUNCT
ftr-365	284	1	the	the	DET
ftr-365	284	2	u.s	u.s	PROPN
ftr-365	284	3	.	.	PROPN
ftr-365	284	4	internal	internal	PROPN
ftr-365	284	5	revenue	revenue	PROPN
ftr-365	284	6	code	code	NOUN
ftr-365	284	7	contains	contain	VERB
ftr-365	284	8	a	a	DET
ftr-365	284	9	complex	complex	ADJ
ftr-365	284	10	set	set	NOUN
ftr-365	284	11	of	of	ADP
ftr-365	284	12	overlapping	overlap	VERB
ftr-365	284	13	anti	anti	ADJ
ftr-365	284	14	-	-	ADJ
ftr-365	284	15	deferral	deferral	ADJ
ftr-365	284	16	regimes	regime	NOUN
ftr-365	284	17	,	,	PUNCT
ftr-365	284	18	all	all	PRON
ftr-365	284	19	of	of	ADP
ftr-365	284	20	which	which	PRON
ftr-365	284	21	result	result	VERB
ftr-365	284	22	either	either	CCONJ
ftr-365	284	23	in	in	ADP
ftr-365	284	24	current	current	ADJ
ftr-365	284	25	taxation	taxation	NOUN
ftr-365	284	26	of	of	ADP
ftr-365	284	27	the	the	DET
ftr-365	284	28	foreign	foreign	ADJ
ftr-365	284	29	source	source	NOUN
ftr-365	284	30	income	income	NOUN
ftr-365	284	31	to	to	ADP
ftr-365	284	32	controlling	control	VERB
ftr-365	284	33	u.s	u.s	PROPN
ftr-365	284	34	.	.	PROPN
ftr-365	284	35	shareholders	shareholder	NOUN
ftr-365	284	36	or	or	CCONJ
ftr-365	284	37	in	in	ADP
ftr-365	284	38	an	an	DET
ftr-365	284	39	interest	interest	NOUN
ftr-365	284	40	charge	charge	NOUN
ftr-365	284	41	on	on	ADP
ftr-365	284	42	the	the	DET
ftr-365	284	43	income	income	NOUN
ftr-365	284	44	when	when	SCONJ
ftr-365	284	45	it	it	PRON
ftr-365	284	46	is	be	AUX
ftr-365	284	47	repatriated	repatriate	VERB
ftr-365	284	48	to	to	ADP
ftr-365	284	49	the	the	DET
ftr-365	284	50	u.s	u.s	PROPN
ftr-365	284	51	.	.	PROPN
ftr-365	284	52	59	59	NUM
ftr-365	284	53	.	.	PUNCT
ftr-365	285	1	michael	michael	PROPN
ftr-365	285	2	j.	j.	PROPN
ftr-365	285	3	graetz	graetz	PROPN
ftr-365	285	4	,	,	PUNCT
ftr-365	285	5	the	the	DET
ftr-365	285	6	david	david	PROPN
ftr-365	285	7	r.	r.	PROPN
ftr-365	285	8	tillinghast	tillinghast	PROPN
ftr-365	285	9	lecture	lecture	PROPN
ftr-365	285	10	:	:	PUNCT
ftr-365	285	11	taxing	tax	VERB
ftr-365	285	12	international	international	ADJ
ftr-365	285	13	income	income	NOUN
ftr-365	285	14	:	:	PUNCT
ftr-365	285	15	inadequate	inadequate	ADJ
ftr-365	285	16	principles	principle	NOUN
ftr-365	285	17	,	,	PUNCT
ftr-365	285	18	outdated	outdated	ADJ
ftr-365	285	19	concepts	concept	NOUN
ftr-365	285	20	,	,	PUNCT
ftr-365	285	21	and	and	CCONJ
ftr-365	285	22	unsatisfactory	unsatisfactory	ADJ
ftr-365	285	23	policies	policy	NOUN
ftr-365	285	24	,	,	PUNCT
ftr-365	285	25	54	54	NUM
ftr-365	285	26	tax	tax	NOUN
ftr-365	285	27	l.	l.	PROPN
ftr-365	285	28	rev	rev	PROPN
ftr-365	285	29	.	.	PROPN
ftr-365	285	30	261	261	NUM
ftr-365	285	31	,	,	PUNCT
ftr-365	285	32	298	298	NUM
ftr-365	285	33	(	(	PUNCT
ftr-365	285	34	2001	2001	NUM
ftr-365	285	35	)	)	PUNCT
ftr-365	285	36	(	(	PUNCT
ftr-365	285	37	“	"	PUNCT
ftr-365	285	38	the	the	DET
ftr-365	285	39	idea	idea	NOUN
ftr-365	285	40	that	that	SCONJ
ftr-365	285	41	the	the	DET
ftr-365	285	42	source	source	NOUN
ftr-365	285	43	country	country	NOUN
ftr-365	285	44	has	have	AUX
ftr-365	285	45	a	a	DET
ftr-365	285	46	fair	fair	ADJ
ftr-365	285	47	claim	claim	NOUN
ftr-365	285	48	to	to	ADP
ftr-365	285	49	the	the	DET
ftr-365	285	50	income	income	NOUN
ftr-365	285	51	produced	produce	VERB
ftr-365	285	52	within	within	ADP
ftr-365	285	53	its	its	PRON
ftr-365	285	54	borders	border	NOUN
ftr-365	285	55	is	be	AUX
ftr-365	285	56	also	also	ADV
ftr-365	285	57	grounded	ground	VERB
ftr-365	285	58	in	in	ADP
ftr-365	285	59	the	the	DET
ftr-365	285	60	view	view	NOUN
ftr-365	285	61	that	that	SCONJ
ftr-365	285	62	foreigners	foreigner	NOUN
ftr-365	285	63	,	,	PUNCT
ftr-365	285	64	whose	whose	DET
ftr-365	285	65	activities	activity	NOUN
ftr-365	285	66	reach	reach	VERB
ftr-365	285	67	some	some	DET
ftr-365	285	68	minimum	minimum	ADJ
ftr-365	285	69	threshold	threshold	NOUN
ftr-365	285	70	,	,	PUNCT
ftr-365	285	71	should	should	AUX
ftr-365	285	72	contribute	contribute	VERB
ftr-365	285	73	to	to	ADP
ftr-365	285	74	the	the	DET
ftr-365	285	75	costs	cost	NOUN
ftr-365	285	76	of	of	ADP
ftr-365	285	77	services	service	NOUN
ftr-365	285	78	provided	provide	VERB
ftr-365	285	79	by	by	ADP
ftr-365	285	80	the	the	DET
ftr-365	285	81	host	host	NOUN
ftr-365	285	82	government	government	NOUN
ftr-365	285	83	,	,	PUNCT
ftr-365	285	84	including	include	VERB
ftr-365	285	85	,	,	PUNCT
ftr-365	285	86	for	for	ADP
ftr-365	285	87	example	example	NOUN
ftr-365	285	88	,	,	PUNCT
ftr-365	285	89	the	the	DET
ftr-365	285	90	costs	cost	NOUN
ftr-365	285	91	of	of	ADP
ftr-365	285	92	roads	road	NOUN
ftr-365	285	93	and	and	CCONJ
ftr-365	285	94	other	other	ADJ
ftr-365	285	95	infrastructure	infrastructure	NOUN
ftr-365	285	96	,	,	PUNCT
ftr-365	285	97	police	police	NOUN
ftr-365	285	98	and	and	CCONJ
ftr-365	285	99	fire	fire	NOUN
ftr-365	285	100	protection	protection	NOUN
ftr-365	285	101	,	,	PUNCT
ftr-365	285	102	the	the	DET
ftr-365	285	103	system	system	NOUN
ftr-365	285	104	for	for	ADP
ftr-365	285	105	enforcement	enforcement	NOUN
ftr-365	285	106	of	of	ADP
ftr-365	285	107	laws	law	NOUN
ftr-365	285	108	,	,	PUNCT
ftr-365	285	109	education	education	NOUN
ftr-365	285	110	,	,	PUNCT
ftr-365	285	111	and	and	CCONJ
ftr-365	285	112	the	the	DET
ftr-365	285	113	like	like	ADJ
ftr-365	285	114	.	.	PUNCT
ftr-365	286	1	the	the	DET
ftr-365	286	2	services	service	NOUN
ftr-365	286	3	a	a	DET
ftr-365	286	4	nation	nation	NOUN
ftr-365	286	5	provides	provide	VERB
ftr-365	286	6	may	may	AUX
ftr-365	286	7	contribute	contribute	VERB
ftr-365	286	8	substantially	substantially	ADV
ftr-365	286	9	to	to	ADP
ftr-365	286	10	the	the	DET
ftr-365	286	11	ability	ability	NOUN
ftr-365	286	12	of	of	ADP
ftr-365	286	13	both	both	DET
ftr-365	286	14	residents	resident	NOUN
ftr-365	286	15	and	and	CCONJ
ftr-365	286	16	foreigners	foreigner	NOUN
ftr-365	286	17	to	to	PART
ftr-365	286	18	earn	earn	VERB
ftr-365	286	19	income	income	NOUN
ftr-365	286	20	there	there	ADV
ftr-365	286	21	.	.	PUNCT
ftr-365	286	22	”	"	PUNCT
ftr-365	286	23	)	)	PUNCT
ftr-365	286	24	;	;	PUNCT
ftr-365	286	25	colon	colon	NOUN
ftr-365	286	26	,	,	PUNCT
ftr-365	286	27	supra	supra	NOUN
ftr-365	286	28	note	note	NOUN
ftr-365	286	29	5	5	NUM
ftr-365	286	30	,	,	PUNCT
ftr-365	286	31	at	at	ADP
ftr-365	286	32	781	781	NUM
ftr-365	286	33	(	(	PUNCT
ftr-365	286	34	“	"	PUNCT
ftr-365	286	35	source	source	NOUN
ftr-365	286	36	basis	basis	NOUN
ftr-365	286	37	taxation	taxation	NOUN
ftr-365	286	38	is	be	AUX
ftr-365	286	39	explicitly	explicitly	ADV
ftr-365	286	40	tied	tie	VERB
ftr-365	286	41	to	to	ADP
ftr-365	286	42	a	a	DET
ftr-365	286	43	benefit	benefit	NOUN
ftr-365	286	44	and	and	CCONJ
ftr-365	286	45	burden	burden	NOUN
ftr-365	286	46	rationale	rationale	NOUN
ftr-365	286	47	of	of	ADP
ftr-365	286	48	taxation	taxation	NOUN
ftr-365	286	49	;	;	PUNCT
ftr-365	286	50	the	the	DET
ftr-365	286	51	source	source	NOUN
ftr-365	286	52	country	country	NOUN
ftr-365	286	53	has	have	AUX
ftr-365	286	54	provided	provide	VERB
ftr-365	286	55	either	either	DET
ftr-365	286	56	services	service	NOUN
ftr-365	286	57	or	or	CCONJ
ftr-365	286	58	protection	protection	NOUN
ftr-365	286	59	that	that	PRON
ftr-365	286	60	have	have	AUX
ftr-365	286	61	enabled	enable	VERB
ftr-365	286	62	the	the	DET
ftr-365	286	63	income	income	NOUN
ftr-365	286	64	to	to	PART
ftr-365	286	65	be	be	AUX
ftr-365	286	66	earned	earn	VERB
ftr-365	286	67	and	and	CCONJ
ftr-365	286	68	therefore	therefore	ADV
ftr-365	286	69	has	have	VERB
ftr-365	286	70	the	the	DET
ftr-365	286	71	primary	primary	ADJ
ftr-365	286	72	right	right	NOUN
ftr-365	286	73	to	to	PART
ftr-365	286	74	tax	tax	VERB
ftr-365	286	75	such	such	ADJ
ftr-365	286	76	income	income	NOUN
ftr-365	286	77	.	.	PUNCT
ftr-365	286	78	”	"	PUNCT
ftr-365	286	79	)	)	PUNCT
ftr-365	286	80	.	.	PUNCT
ftr-365	287	1	60	60	NUM
ftr-365	287	2	.	.	PUNCT
ftr-365	288	1	see	see	VERB
ftr-365	288	2	frisch	frisch	PROPN
ftr-365	288	3	,	,	PUNCT
ftr-365	288	4	supra	supra	PROPN
ftr-365	288	5	note	note	NOUN
ftr-365	288	6	53	53	NUM
ftr-365	288	7	,	,	PUNCT
ftr-365	288	8	at	at	ADP
ftr-365	288	9	584	584	NUM
ftr-365	288	10	-	-	SYM
ftr-365	288	11	5	5	NUM
ftr-365	288	12	.	.	NOUN
ftr-365	288	13	61	61	NUM
ftr-365	288	14	.	.	PUNCT
ftr-365	289	1	see	see	VERB
ftr-365	289	2	merrill	merrill	PROPN
ftr-365	289	3	et	et	PROPN
ftr-365	289	4	.	.	PUNCT
ftr-365	290	1	al	al	PROPN
ftr-365	290	2	.	.	PROPN
ftr-365	290	3	,	,	PUNCT
ftr-365	290	4	supra	supra	PROPN
ftr-365	290	5	note	note	NOUN
ftr-365	290	6	30	30	NUM
ftr-365	290	7	,	,	PUNCT
ftr-365	290	8	at	at	ADP
ftr-365	290	9	1389	1389	NUM
ftr-365	290	10	(	(	PUNCT
ftr-365	290	11	“	"	PUNCT
ftr-365	290	12	‘	'	PUNCT
ftr-365	290	13	efficiency	efficiency	NOUN
ftr-365	290	14	’	'	PUNCT
ftr-365	290	15	refers	refer	VERB
ftr-365	290	16	to	to	ADP
ftr-365	290	17	the	the	DET
ftr-365	290	18	allocation	allocation	NOUN
ftr-365	290	19	of	of	ADP
ftr-365	290	20	capital	capital	NOUN
ftr-365	290	21	to	to	ADP
ftr-365	290	22	its	its	PRON
ftr-365	290	23	most	most	ADV
ftr-365	290	24	productive	productive	ADJ
ftr-365	290	25	uses	use	NOUN
ftr-365	290	26	,	,	PUNCT
ftr-365	290	27	i.e.	i.e.	X
ftr-365	290	28	,	,	PUNCT
ftr-365	290	29	those	those	PRON
ftr-365	290	30	that	that	PRON
ftr-365	290	31	result	result	VERB
ftr-365	290	32	in	in	ADP
ftr-365	290	33	the	the	DET
ftr-365	290	34	highest	high	ADJ
ftr-365	290	35	pretax	pretax	ADJ
ftr-365	290	36	rate	rate	NOUN
ftr-365	290	37	of	of	ADP
ftr-365	290	38	return	return	NOUN
ftr-365	290	39	.	.	PUNCT
ftr-365	291	1	in	in	ADP
ftr-365	291	2	an	an	DET
ftr-365	291	3	international	international	ADJ
ftr-365	291	4	context	context	NOUN
ftr-365	291	5	,	,	PUNCT
ftr-365	291	6	efficiency	efficiency	NOUN
ftr-365	291	7	requires	require	VERB
ftr-365	291	8	that	that	SCONJ
ftr-365	291	9	the	the	DET
ftr-365	291	10	effective	effective	ADJ
ftr-365	291	11	tax	tax	NOUN
ftr-365	291	12	rate	rate	NOUN
ftr-365	291	13	on	on	ADP
ftr-365	291	14	investment	investment	NOUN
ftr-365	291	15	abroad	abroad	ADV
ftr-365	291	16	by	by	ADP
ftr-365	291	17	a	a	DET
ftr-365	291	18	u.s	u.s	PROPN
ftr-365	291	19	.	.	PROPN
ftr-365	291	20	company	company	NOUN
ftr-365	291	21	be	be	AUX
ftr-365	291	22	equal	equal	ADJ
ftr-365	291	23	to	to	ADP
ftr-365	291	24	the	the	DET
ftr-365	291	25	effective	effective	ADJ
ftr-365	291	26	tax	tax	NOUN
ftr-365	291	27	rate	rate	NOUN
ftr-365	291	28	on	on	ADP
ftr-365	291	29	domestic	domestic	ADJ
ftr-365	291	30	investment	investment	NOUN
ftr-365	291	31	,	,	PUNCT
ftr-365	291	32	a	a	DET
ftr-365	291	33	principle	principle	NOUN
ftr-365	291	34	referred	refer	VERB
ftr-365	291	35	to	to	ADP
ftr-365	291	36	as	as	ADP
ftr-365	291	37	capital	capital	NOUN
ftr-365	291	38	export	export	NOUN
ftr-365	291	39	neutrality	neutrality	NOUN
ftr-365	291	40	(	(	PUNCT
ftr-365	291	41	cen	cen	PROPN
ftr-365	291	42	)	)	PUNCT
ftr-365	291	43	.	.	PUNCT
ftr-365	291	44	”	"	PUNCT
ftr-365	291	45	)	)	PUNCT
ftr-365	291	46	.	.	PUNCT
ftr-365	292	1	62	62	NUM
ftr-365	292	2	.	.	PUNCT
ftr-365	293	1	see	see	VERB
ftr-365	293	2	avi	avi	NOUN
ftr-365	293	3	-	-	PUNCT
ftr-365	293	4	yonah	yonah	NOUN
ftr-365	293	5	(	(	PUNCT
ftr-365	293	6	2000	2000	NUM
ftr-365	293	7	)	)	PUNCT
ftr-365	293	8	,	,	PUNCT
ftr-365	293	9	supra	supra	PROPN
ftr-365	293	10	note	note	NOUN
ftr-365	293	11	3	3	NUM
ftr-365	293	12	,	,	PUNCT
ftr-365	293	13	at	at	ADP
ftr-365	293	14	1610	1610	NUM
ftr-365	293	15	.	.	PUNCT
ftr-365	294	1	63	63	NUM
ftr-365	294	2	.	.	PUNCT
ftr-365	295	1	may	may	AUX
ftr-365	295	2	,	,	PUNCT
ftr-365	295	3	supra	supra	PROPN
ftr-365	295	4	note	note	VERB
ftr-365	295	5	6	6	NUM
ftr-365	295	6	(	(	PUNCT
ftr-365	295	7	“	"	PUNCT
ftr-365	295	8	source	source	NOUN
ftr-365	295	9	-	-	PUNCT
ftr-365	295	10	based	base	VERB
ftr-365	295	11	jurisdiction	jurisdiction	NOUN
ftr-365	295	12	applies	apply	VERB
ftr-365	295	13	to	to	ADP
ftr-365	295	14	the	the	DET
ftr-365	295	15	fixed	fix	VERB
ftr-365	295	16	or	or	CCONJ
ftr-365	295	17	determinable	determinable	VERB
ftr-365	295	18	periodic	periodic	ADJ
ftr-365	295	19	amounts	amount	NOUN
ftr-365	295	20	realized	realize	VERB
ftr-365	295	21	from	from	ADP
ftr-365	295	22	u.s	u.s	PROPN
ftr-365	295	23	.	.	PROPN
ftr-365	295	24	sources	source	NOUN
ftr-365	295	25	by	by	ADP
ftr-365	295	26	nonresident	nonresident	ADJ
ftr-365	295	27	foreign	foreign	ADJ
ftr-365	295	28	14	14	NUM
ftr-365	295	29	florida	florida	PROPN
ftr-365	295	30	tax	tax	NOUN
ftr-365	295	31	review	review	NOUN
ftr-365	296	1	[	[	X
ftr-365	296	2	vol	vol	NOUN
ftr-365	296	3	.	.	PUNCT
ftr-365	296	4	9:1	9:1	NUM
ftr-365	296	5	provided	provide	VERB
ftr-365	296	6	in	in	ADP
ftr-365	296	7	this	this	DET
ftr-365	296	8	subtitle	subtitle	NOUN
ftr-365	296	9	,	,	PUNCT
ftr-365	296	10	gross	gross	ADJ
ftr-365	296	11	income	income	NOUN
ftr-365	296	12	means	mean	VERB
ftr-365	296	13	all	all	DET
ftr-365	296	14	income	income	NOUN
ftr-365	296	15	from	from	ADP
ftr-365	296	16	whatever	whatever	DET
ftr-365	296	17	source	source	NOUN
ftr-365	296	18	derived	derive	VERB
ftr-365	296	19	.	.	PUNCT
ftr-365	296	20	.	.	PUNCT
ftr-365	296	21	.	.	PUNCT
ftr-365	296	22	.	.	PUNCT
ftr-365	296	23	”	"	PUNCT
ftr-365	297	1	irc	irc	PROPN
ftr-365	297	2	section	section	NOUN
ftr-365	297	3	2(d	2(d	NUM
ftr-365	297	4	)	)	PUNCT
ftr-365	297	5	,	,	PUNCT
ftr-365	297	6	however	however	ADV
ftr-365	297	7	,	,	PUNCT
ftr-365	297	8	mandates	mandate	VERB
ftr-365	297	9	that	that	SCONJ
ftr-365	297	10	“	"	PUNCT
ftr-365	297	11	[	[	X
ftr-365	297	12	i]n	i]n	VERB
ftr-365	297	13	the	the	DET
ftr-365	297	14	case	case	NOUN
ftr-365	297	15	of	of	ADP
ftr-365	297	16	a	a	DET
ftr-365	297	17	nonresident	nonresident	ADJ
ftr-365	297	18	alien	alien	ADJ
ftr-365	297	19	individual	individual	NOUN
ftr-365	297	20	,	,	PUNCT
ftr-365	297	21	the	the	DET
ftr-365	297	22	taxes	taxis	NOUN
ftr-365	297	23	imposed	impose	VERB
ftr-365	297	24	by	by	ADP
ftr-365	297	25	sections	section	NOUN
ftr-365	297	26	1	1	NUM
ftr-365	297	27	and	and	CCONJ
ftr-365	297	28	55	55	NUM
ftr-365	297	29	shall	shall	AUX
ftr-365	297	30	apply	apply	VERB
ftr-365	297	31	only	only	ADV
ftr-365	297	32	as	as	SCONJ
ftr-365	297	33	provided	provide	VERB
ftr-365	297	34	by	by	ADP
ftr-365	297	35	section	section	NOUN
ftr-365	297	36	871	871	NUM
ftr-365	297	37	or	or	CCONJ
ftr-365	297	38	877	877	NUM
ftr-365	297	39	.	.	PUNCT
ftr-365	297	40	”	"	PUNCT
ftr-365	298	1	64	64	NUM
ftr-365	298	2	the	the	DET
ftr-365	298	3	united	united	PROPN
ftr-365	298	4	states	states	PROPN
ftr-365	298	5	internal	internal	PROPN
ftr-365	298	6	revenue	revenue	NOUN
ftr-365	298	7	code	code	NOUN
ftr-365	298	8	,	,	PUNCT
ftr-365	298	9	therefore	therefore	ADV
ftr-365	298	10	,	,	PUNCT
ftr-365	298	11	limits	limit	VERB
ftr-365	298	12	the	the	DET
ftr-365	298	13	tax	tax	NOUN
ftr-365	298	14	liability	liability	NOUN
ftr-365	298	15	of	of	ADP
ftr-365	298	16	non	non	ADJ
ftr-365	298	17	-	-	ADJ
ftr-365	298	18	resident	resident	ADJ
ftr-365	298	19	individuals	individual	NOUN
ftr-365	298	20	(	(	PUNCT
ftr-365	298	21	irc	irc	PROPN
ftr-365	298	22	section	section	NOUN
ftr-365	298	23	2(d	2(d	NUM
ftr-365	298	24	)	)	PUNCT
ftr-365	298	25	)	)	PUNCT
ftr-365	298	26	and	and	CCONJ
ftr-365	298	27	foreign	foreign	ADJ
ftr-365	298	28	corporations	corporation	NOUN
ftr-365	298	29	(	(	PUNCT
ftr-365	298	30	irc	irc	PROPN
ftr-365	298	31	section	section	NOUN
ftr-365	298	32	11(d	11(d	NUM
ftr-365	298	33	)	)	PUNCT
ftr-365	298	34	)	)	PUNCT
ftr-365	298	35	,	,	PUNCT
ftr-365	298	36	to	to	ADP
ftr-365	298	37	u.s	u.s	PROPN
ftr-365	298	38	.	.	PROPN
ftr-365	298	39	source	source	NOUN
ftr-365	298	40	income	income	NOUN
ftr-365	298	41	by	by	ADP
ftr-365	298	42	reference	reference	NOUN
ftr-365	298	43	to	to	ADP
ftr-365	298	44	irc	irc	PROPN
ftr-365	298	45	sections	section	NOUN
ftr-365	298	46	871	871	NUM
ftr-365	298	47	or	or	CCONJ
ftr-365	298	48	877	877	NUM
ftr-365	298	49	(	(	PUNCT
ftr-365	298	50	individuals	individual	NOUN
ftr-365	298	51	)	)	PUNCT
ftr-365	298	52	and	and	CCONJ
ftr-365	298	53	irc	irc	ADP
ftr-365	298	54	section	section	NOUN
ftr-365	298	55	882	882	NUM
ftr-365	298	56	(	(	PUNCT
ftr-365	298	57	corporations	corporation	NOUN
ftr-365	298	58	)	)	PUNCT
ftr-365	298	59	.	.	PUNCT
ftr-365	299	1	65	65	NUM
ftr-365	300	1	thus	thus	ADV
ftr-365	300	2	,	,	PUNCT
ftr-365	300	3	while	while	SCONJ
ftr-365	300	4	u.s	u.s	PROPN
ftr-365	300	5	.	.	PROPN
ftr-365	300	6	residents	resident	NOUN
ftr-365	300	7	are	be	AUX
ftr-365	300	8	taxed	tax	VERB
ftr-365	300	9	on	on	ADP
ftr-365	300	10	their	their	PRON
ftr-365	300	11	worldwide	worldwide	ADJ
ftr-365	300	12	income	income	NOUN
ftr-365	300	13	,	,	PUNCT
ftr-365	300	14	for	for	ADP
ftr-365	300	15	non	non	ADJ
ftr-365	300	16	-	-	ADJ
ftr-365	300	17	resident	resident	ADJ
ftr-365	300	18	aliens	alien	NOUN
ftr-365	300	19	,	,	PUNCT
ftr-365	300	20	the	the	DET
ftr-365	300	21	tax	tax	NOUN
ftr-365	300	22	is	be	AUX
ftr-365	300	23	limited	limit	VERB
ftr-365	300	24	to	to	ADP
ftr-365	300	25	u.s	u.s	PROPN
ftr-365	300	26	.	.	PROPN
ftr-365	300	27	source	source	NOUN
ftr-365	300	28	income	income	NOUN
ftr-365	300	29	.	.	PUNCT
ftr-365	301	1	66	66	NUM
ftr-365	301	2	c.	c.	NOUN
ftr-365	301	3	active	active	ADJ
ftr-365	301	4	v.	v.	ADP
ftr-365	301	5	passive	passive	ADJ
ftr-365	301	6	income	income	NOUN
ftr-365	301	7	consistent	consistent	ADJ
ftr-365	301	8	with	with	ADP
ftr-365	301	9	the	the	DET
ftr-365	301	10	“	"	PUNCT
ftr-365	301	11	international	international	ADJ
ftr-365	301	12	tax	tax	NOUN
ftr-365	301	13	regime	regime	NOUN
ftr-365	301	14	,	,	PUNCT
ftr-365	301	15	”	"	PUNCT
ftr-365	301	16	in	in	ADP
ftr-365	301	17	the	the	DET
ftr-365	301	18	vast	vast	ADJ
ftr-365	301	19	majority	majority	NOUN
ftr-365	301	20	of	of	ADP
ftr-365	301	21	countries	country	NOUN
ftr-365	301	22	including	include	VERB
ftr-365	301	23	the	the	DET
ftr-365	301	24	united	united	PROPN
ftr-365	301	25	states	states	PROPN
ftr-365	301	26	,	,	PUNCT
ftr-365	301	27	passive	passive	ADJ
ftr-365	301	28	income	income	NOUN
ftr-365	301	29	and	and	CCONJ
ftr-365	301	30	active	active	ADJ
ftr-365	301	31	income	income	NOUN
ftr-365	301	32	are	be	AUX
ftr-365	301	33	subject	subject	ADJ
ftr-365	301	34	to	to	ADP
ftr-365	301	35	different	different	ADJ
ftr-365	301	36	treatments	treatment	NOUN
ftr-365	301	37	.	.	PUNCT
ftr-365	302	1	67	67	NUM
ftr-365	302	2	this	this	DET
ftr-365	302	3	distinction	distinction	NOUN
ftr-365	302	4	is	be	AUX
ftr-365	302	5	contained	contain	VERB
ftr-365	302	6	not	not	PART
ftr-365	302	7	only	only	ADV
ftr-365	302	8	in	in	ADP
ftr-365	302	9	domestic	domestic	ADJ
ftr-365	302	10	laws	law	NOUN
ftr-365	302	11	but	but	CCONJ
ftr-365	302	12	also	also	ADV
ftr-365	302	13	in	in	ADP
ftr-365	302	14	all	all	DET
ftr-365	302	15	three	three	NUM
ftr-365	302	16	treaty	treaty	NOUN
ftr-365	302	17	models	model	NOUN
ftr-365	302	18	.	.	PUNCT
ftr-365	303	1	68	68	NUM
ftr-365	303	2	in	in	ADP
ftr-365	303	3	most	most	ADJ
ftr-365	303	4	cases	case	NOUN
ftr-365	303	5	,	,	PUNCT
ftr-365	303	6	determining	determine	VERB
ftr-365	303	7	what	what	PRON
ftr-365	303	8	types	type	NOUN
ftr-365	303	9	of	of	ADP
ftr-365	303	10	income	income	NOUN
ftr-365	303	11	constitute	constitute	VERB
ftr-365	303	12	“	"	PUNCT
ftr-365	303	13	passive	passive	ADJ
ftr-365	303	14	”	"	PUNCT
ftr-365	303	15	income	income	NOUN
ftr-365	303	16	and	and	CCONJ
ftr-365	303	17	what	what	DET
ftr-365	303	18	types	type	NOUN
ftr-365	303	19	of	of	ADP
ftr-365	303	20	income	income	NOUN
ftr-365	303	21	constitute	constitute	VERB
ftr-365	303	22	“	"	PUNCT
ftr-365	303	23	active	active	ADJ
ftr-365	303	24	”	"	PUNCT
ftr-365	303	25	income	income	NOUN
ftr-365	303	26	is	be	AUX
ftr-365	303	27	easy	easy	ADJ
ftr-365	303	28	;	;	PUNCT
ftr-365	303	29	the	the	DET
ftr-365	303	30	test	test	NOUN
ftr-365	303	31	is	be	AUX
ftr-365	303	32	whether	whether	SCONJ
ftr-365	303	33	the	the	DET
ftr-365	303	34	activity	activity	NOUN
ftr-365	303	35	that	that	PRON
ftr-365	303	36	gives	give	VERB
ftr-365	303	37	rise	rise	NOUN
ftr-365	303	38	persons	person	NOUN
ftr-365	303	39	.	.	PUNCT
ftr-365	304	1	residence	residence	NOUN
ftr-365	304	2	-	-	PUNCT
ftr-365	304	3	based	base	VERB
ftr-365	304	4	jurisdiction	jurisdiction	NOUN
ftr-365	304	5	extends	extend	VERB
ftr-365	304	6	to	to	ADP
ftr-365	304	7	u.s	u.s	PROPN
ftr-365	304	8	.	.	PROPN
ftr-365	304	9	citizens	citizen	NOUN
ftr-365	304	10	and	and	CCONJ
ftr-365	304	11	residents	resident	NOUN
ftr-365	304	12	,	,	PUNCT
ftr-365	304	13	domestic	domestic	ADJ
ftr-365	304	14	corporations	corporation	NOUN
ftr-365	304	15	,	,	PUNCT
ftr-365	304	16	and	and	CCONJ
ftr-365	304	17	foreign	foreign	ADJ
ftr-365	304	18	persons	person	NOUN
ftr-365	304	19	doing	do	VERB
ftr-365	304	20	business	business	NOUN
ftr-365	304	21	in	in	ADP
ftr-365	304	22	the	the	DET
ftr-365	304	23	united	united	PROPN
ftr-365	304	24	states	states	PROPN
ftr-365	304	25	.	.	PUNCT
ftr-365	304	26	”	"	PUNCT
ftr-365	304	27	)	)	PUNCT
ftr-365	304	28	.	.	PUNCT
ftr-365	305	1	for	for	ADP
ftr-365	305	2	an	an	DET
ftr-365	305	3	excellent	excellent	ADJ
ftr-365	305	4	overview	overview	NOUN
ftr-365	305	5	of	of	ADP
ftr-365	305	6	the	the	DET
ftr-365	305	7	u.s	u.s	PROPN
ftr-365	305	8	.	.	PROPN
ftr-365	305	9	international	international	ADJ
ftr-365	305	10	tax	tax	NOUN
ftr-365	305	11	regime	regime	NOUN
ftr-365	305	12	,	,	PUNCT
ftr-365	305	13	see	see	VERB
ftr-365	305	14	jcx	jcx	ADJ
ftr-365	305	15	40	40	NUM
ftr-365	305	16	-	-	SYM
ftr-365	305	17	99	99	NUM
ftr-365	305	18	,	,	PUNCT
ftr-365	305	19	joint	joint	ADJ
ftr-365	305	20	committee	committee	NOUN
ftr-365	305	21	on	on	ADP
ftr-365	305	22	taxation	taxation	NOUN
ftr-365	305	23	,	,	PUNCT
ftr-365	305	24	reports	report	NOUN
ftr-365	305	25	on	on	ADP
ftr-365	305	26	international	international	ADJ
ftr-365	305	27	taxation	taxation	NOUN
ftr-365	305	28	(	(	PUNCT
ftr-365	305	29	jun	jun	PROPN
ftr-365	305	30	.	.	PROPN
ftr-365	305	31	28	28	NUM
ftr-365	305	32	,	,	PUNCT
ftr-365	305	33	1999	1999	NUM
ftr-365	305	34	)	)	PUNCT
ftr-365	305	35	,	,	PUNCT
ftr-365	305	36	reprinted	reprint	VERB
ftr-365	305	37	in	in	ADP
ftr-365	305	38	1999	1999	NUM
ftr-365	305	39	tnt	tnt	PROPN
ftr-365	305	40	124	124	NUM
ftr-365	305	41	-	-	SYM
ftr-365	305	42	8	8	NUM
ftr-365	305	43	.	.	NOUN
ftr-365	305	44	64	64	NUM
ftr-365	305	45	.	.	PUNCT
ftr-365	306	1	non	non	NOUN
ftr-365	306	2	-	-	NOUN
ftr-365	306	3	residents	resident	NOUN
ftr-365	306	4	are	be	AUX
ftr-365	306	5	generally	generally	ADV
ftr-365	306	6	taxed	tax	VERB
ftr-365	306	7	on	on	ADP
ftr-365	306	8	all	all	DET
ftr-365	306	9	income	income	NOUN
ftr-365	306	10	that	that	PRON
ftr-365	306	11	is	be	AUX
ftr-365	306	12	effectively	effectively	ADV
ftr-365	306	13	connected	connect	VERB
ftr-365	306	14	with	with	ADP
ftr-365	306	15	the	the	DET
ftr-365	306	16	conduct	conduct	NOUN
ftr-365	306	17	of	of	ADP
ftr-365	306	18	a	a	DET
ftr-365	306	19	trade	trade	NOUN
ftr-365	306	20	or	or	CCONJ
ftr-365	306	21	business	business	NOUN
ftr-365	306	22	in	in	ADP
ftr-365	306	23	the	the	DET
ftr-365	306	24	united	united	PROPN
ftr-365	306	25	states	states	PROPN
ftr-365	306	26	.	.	PUNCT
ftr-365	307	1	see	see	VERB
ftr-365	307	2	irc	irc	PROPN
ftr-365	307	3	§	§	PROPN
ftr-365	307	4	864(c)(4	864(c)(4	NOUN
ftr-365	307	5	)	)	PUNCT
ftr-365	307	6	.	.	PUNCT
ftr-365	308	1	65	65	NUM
ftr-365	308	2	.	.	PUNCT
ftr-365	309	1	a	a	DET
ftr-365	309	2	foreign	foreign	ADJ
ftr-365	309	3	person	person	NOUN
ftr-365	309	4	is	be	AUX
ftr-365	309	5	engaged	engage	VERB
ftr-365	309	6	in	in	ADP
ftr-365	309	7	a	a	DET
ftr-365	309	8	u.s	u.s	PROPN
ftr-365	309	9	.	.	PROPN
ftr-365	309	10	trade	trade	NOUN
ftr-365	309	11	or	or	CCONJ
ftr-365	309	12	business	business	NOUN
ftr-365	309	13	if	if	SCONJ
ftr-365	309	14	her	her	PRON
ftr-365	309	15	activities	activity	NOUN
ftr-365	309	16	(	(	PUNCT
ftr-365	309	17	or	or	CCONJ
ftr-365	309	18	the	the	DET
ftr-365	309	19	activities	activity	NOUN
ftr-365	309	20	of	of	ADP
ftr-365	309	21	an	an	DET
ftr-365	309	22	agent	agent	NOUN
ftr-365	309	23	acting	act	VERB
ftr-365	309	24	on	on	ADP
ftr-365	309	25	her	her	PRON
ftr-365	309	26	behalf	behalf	NOUN
ftr-365	309	27	)	)	PUNCT
ftr-365	309	28	are	be	AUX
ftr-365	309	29	considerable	considerable	ADJ
ftr-365	309	30	,	,	PUNCT
ftr-365	309	31	continuous	continuous	ADJ
ftr-365	309	32	,	,	PUNCT
ftr-365	309	33	and	and	CCONJ
ftr-365	309	34	regular	regular	ADJ
ftr-365	309	35	.	.	PUNCT
ftr-365	310	1	see	see	VERB
ftr-365	310	2	pinchot	pinchot	PROPN
ftr-365	311	1	v.	v.	ADP
ftr-365	311	2	comm’r	comm’r	NOUN
ftr-365	311	3	,	,	PUNCT
ftr-365	311	4	113	113	NUM
ftr-365	311	5	f.2d	f.2d	ADP
ftr-365	311	6	718	718	NUM
ftr-365	311	7	,	,	PUNCT
ftr-365	311	8	719	719	NUM
ftr-365	311	9	(	(	PUNCT
ftr-365	311	10	2d	2d	NUM
ftr-365	311	11	cir	cir	NOUN
ftr-365	311	12	.	.	PUNCT
ftr-365	311	13	1940	1940	NUM
ftr-365	311	14	)	)	PUNCT
ftr-365	311	15	.	.	PUNCT
ftr-365	312	1	foreign	foreign	ADJ
ftr-365	312	2	persons	person	NOUN
ftr-365	312	3	engaged	engage	VERB
ftr-365	312	4	in	in	ADP
ftr-365	312	5	a	a	DET
ftr-365	312	6	u.s	u.s	PROPN
ftr-365	312	7	.	.	PROPN
ftr-365	312	8	trade	trade	PROPN
ftr-365	312	9	or	or	CCONJ
ftr-365	312	10	business	business	NOUN
ftr-365	312	11	are	be	AUX
ftr-365	312	12	taxed	tax	VERB
ftr-365	312	13	at	at	ADP
ftr-365	312	14	graduated	graduate	VERB
ftr-365	312	15	rates	rate	NOUN
ftr-365	312	16	on	on	ADP
ftr-365	312	17	income	income	NOUN
ftr-365	312	18	effectively	effectively	ADV
ftr-365	312	19	connected	connect	VERB
ftr-365	312	20	with	with	ADP
ftr-365	312	21	such	such	ADJ
ftr-365	312	22	trade	trade	NOUN
ftr-365	312	23	or	or	CCONJ
ftr-365	312	24	business	business	NOUN
ftr-365	312	25	.	.	PUNCT
ftr-365	313	1	see	see	VERB
ftr-365	313	2	irc	irc	PROPN
ftr-365	313	3	§	§	PROPN
ftr-365	313	4	864(c	864(c	PROPN
ftr-365	313	5	)	)	PUNCT
ftr-365	313	6	;	;	PUNCT
ftr-365	314	1	treas	treas	PROPN
ftr-365	314	2	.	.	PUNCT
ftr-365	315	1	regs	regs	PROPN
ftr-365	315	2	.	.	PUNCT
ftr-365	316	1	§	§	PROPN
ftr-365	316	2	§	§	PROPN
ftr-365	316	3	1.864	1.864	NUM
ftr-365	316	4	-	-	SYM
ftr-365	316	5	3	3	NUM
ftr-365	316	6	through	through	ADP
ftr-365	316	7	1.864	1.864	NUM
ftr-365	316	8	-	-	SYM
ftr-365	316	9	7	7	NUM
ftr-365	316	10	.	.	PUNCT
ftr-365	317	1	in	in	ADP
ftr-365	317	2	computing	compute	VERB
ftr-365	317	3	effectively	effectively	ADV
ftr-365	317	4	connected	connected	ADJ
ftr-365	317	5	income	income	NOUN
ftr-365	317	6	,	,	PUNCT
ftr-365	317	7	foreign	foreign	ADJ
ftr-365	317	8	persons	person	NOUN
ftr-365	317	9	are	be	AUX
ftr-365	317	10	allowed	allow	VERB
ftr-365	317	11	to	to	PART
ftr-365	317	12	deduct	deduct	VERB
ftr-365	317	13	allocable	allocable	ADJ
ftr-365	317	14	expenses	expense	NOUN
ftr-365	317	15	.	.	PUNCT
ftr-365	318	1	see	see	VERB
ftr-365	318	2	irc	irc	PROPN
ftr-365	318	3	§	§	PROPN
ftr-365	318	4	§	§	PROPN
ftr-365	318	5	873	873	NUM
ftr-365	318	6	and	and	CCONJ
ftr-365	318	7	882(c	882(c	NOUN
ftr-365	318	8	)	)	PUNCT
ftr-365	318	9	.	.	PUNCT
ftr-365	319	1	66	66	NUM
ftr-365	319	2	.	.	PUNCT
ftr-365	320	1	for	for	ADP
ftr-365	320	2	the	the	DET
ftr-365	320	3	definition	definition	NOUN
ftr-365	320	4	of	of	ADP
ftr-365	320	5	“	"	PUNCT
ftr-365	320	6	non	non	ADJ
ftr-365	320	7	-	-	ADJ
ftr-365	320	8	resident	resident	ADJ
ftr-365	320	9	alien	alien	NOUN
ftr-365	320	10	,	,	PUNCT
ftr-365	320	11	”	"	PUNCT
ftr-365	320	12	see	see	VERB
ftr-365	320	13	irc	irc	ADV
ftr-365	320	14	§	§	PROPN
ftr-365	320	15	7701(b)(1)(b	7701(b)(1)(b	PROPN
ftr-365	320	16	)	)	PUNCT
ftr-365	320	17	(	(	PUNCT
ftr-365	320	18	defining	define	VERB
ftr-365	320	19	who	who	PRON
ftr-365	320	20	is	be	AUX
ftr-365	320	21	a	a	DET
ftr-365	320	22	nonresident	nonresident	ADJ
ftr-365	320	23	alien	alien	ADJ
ftr-365	320	24	individual	individual	NOUN
ftr-365	320	25	)	)	PUNCT
ftr-365	320	26	and	and	CCONJ
ftr-365	320	27	irc	irc	ADP
ftr-365	320	28	§	§	PROPN
ftr-365	320	29	7701(a)(5	7701(a)(5	PROPN
ftr-365	320	30	)	)	PUNCT
ftr-365	320	31	(	(	PUNCT
ftr-365	320	32	defining	define	VERB
ftr-365	320	33	what	what	PRON
ftr-365	320	34	is	be	AUX
ftr-365	320	35	a	a	DET
ftr-365	320	36	foreign	foreign	ADJ
ftr-365	320	37	corporation	corporation	NOUN
ftr-365	320	38	and	and	CCONJ
ftr-365	320	39	partnership	partnership	NOUN
ftr-365	320	40	)	)	PUNCT
ftr-365	320	41	.	.	PUNCT
ftr-365	321	1	67	67	NUM
ftr-365	321	2	.	.	PUNCT
ftr-365	322	1	see	see	VERB
ftr-365	322	2	reich	reich	PROPN
ftr-365	322	3	,	,	PUNCT
ftr-365	323	1	supra	supra	PROPN
ftr-365	323	2	note	note	PROPN
ftr-365	323	3	11	11	NUM
ftr-365	323	4	(	(	PUNCT
ftr-365	323	5	“	"	PUNCT
ftr-365	323	6	broadly	broadly	ADV
ftr-365	323	7	speaking	speak	VERB
ftr-365	323	8	,	,	PUNCT
ftr-365	323	9	income	income	NOUN
ftr-365	323	10	can	can	AUX
ftr-365	323	11	be	be	AUX
ftr-365	323	12	divided	divide	VERB
ftr-365	323	13	into	into	ADP
ftr-365	323	14	two	two	NUM
ftr-365	323	15	categories	category	NOUN
ftr-365	323	16	:	:	PUNCT
ftr-365	323	17	active	active	ADJ
ftr-365	323	18	and	and	CCONJ
ftr-365	323	19	passive	passive	ADJ
ftr-365	323	20	.	.	PUNCT
ftr-365	324	1	active	active	ADJ
ftr-365	324	2	income	income	NOUN
ftr-365	324	3	corresponds	correspond	VERB
ftr-365	324	4	to	to	AUX
ftr-365	324	5	earned	earn	VERB
ftr-365	324	6	income	income	NOUN
ftr-365	324	7	from	from	ADP
ftr-365	324	8	the	the	DET
ftr-365	324	9	conduct	conduct	NOUN
ftr-365	324	10	of	of	ADP
ftr-365	324	11	business	business	NOUN
ftr-365	324	12	activities	activity	NOUN
ftr-365	324	13	,	,	PUNCT
ftr-365	324	14	including	include	VERB
ftr-365	324	15	receipts	receipt	NOUN
ftr-365	324	16	of	of	ADP
ftr-365	324	17	a	a	DET
ftr-365	324	18	business	business	NOUN
ftr-365	324	19	enterprise	enterprise	NOUN
ftr-365	324	20	and	and	CCONJ
ftr-365	324	21	wages	wage	NOUN
ftr-365	324	22	of	of	ADP
ftr-365	324	23	an	an	DET
ftr-365	324	24	individual	individual	NOUN
ftr-365	324	25	.	.	PUNCT
ftr-365	325	1	passive	passive	ADJ
ftr-365	325	2	income	income	NOUN
ftr-365	325	3	is	be	AUX
ftr-365	325	4	investment	investment	NOUN
ftr-365	325	5	income	income	NOUN
ftr-365	325	6	,	,	PUNCT
ftr-365	325	7	such	such	ADJ
ftr-365	325	8	as	as	ADP
ftr-365	325	9	interest	interest	NOUN
ftr-365	325	10	,	,	PUNCT
ftr-365	325	11	dividends	dividend	NOUN
ftr-365	325	12	,	,	PUNCT
ftr-365	325	13	and	and	CCONJ
ftr-365	325	14	gains	gain	NOUN
ftr-365	325	15	from	from	ADP
ftr-365	325	16	the	the	DET
ftr-365	325	17	sale	sale	NOUN
ftr-365	325	18	of	of	ADP
ftr-365	325	19	stocks	stock	NOUN
ftr-365	325	20	and	and	CCONJ
ftr-365	325	21	security	security	NOUN
ftr-365	325	22	that	that	PRON
ftr-365	325	23	is	be	AUX
ftr-365	325	24	not	not	PART
ftr-365	325	25	earned	earn	VERB
ftr-365	325	26	by	by	ADP
ftr-365	325	27	the	the	DET
ftr-365	325	28	taxpayer	taxpayer	NOUN
ftr-365	325	29	in	in	ADP
ftr-365	325	30	the	the	DET
ftr-365	325	31	ordinary	ordinary	ADJ
ftr-365	325	32	course	course	NOUN
ftr-365	325	33	of	of	ADP
ftr-365	325	34	business	business	NOUN
ftr-365	325	35	(	(	PUNCT
ftr-365	325	36	for	for	ADP
ftr-365	325	37	example	example	NOUN
ftr-365	325	38	,	,	PUNCT
ftr-365	325	39	as	as	ADP
ftr-365	325	40	a	a	DET
ftr-365	325	41	securities	security	NOUN
ftr-365	325	42	dealer	dealer	NOUN
ftr-365	325	43	or	or	CCONJ
ftr-365	325	44	a	a	DET
ftr-365	325	45	bank	bank	NOUN
ftr-365	325	46	)	)	PUNCT
ftr-365	325	47	”	"	PUNCT
ftr-365	325	48	)	)	PUNCT
ftr-365	325	49	.	.	PUNCT
ftr-365	326	1	68	68	NUM
ftr-365	326	2	.	.	X
ftr-365	326	3	avi	avi	VERB
ftr-365	326	4	-	-	PUNCT
ftr-365	326	5	yonah	yonah	NOUN
ftr-365	326	6	(	(	PUNCT
ftr-365	326	7	1996	1996	NUM
ftr-365	326	8	)	)	PUNCT
ftr-365	326	9	,	,	PUNCT
ftr-365	326	10	supra	supra	PROPN
ftr-365	326	11	note	note	NOUN
ftr-365	326	12	7	7	NUM
ftr-365	326	13	,	,	PUNCT
ftr-365	326	14	at	at	ADP
ftr-365	326	15	1306	1306	NUM
ftr-365	326	16	-	-	SYM
ftr-365	326	17	07	07	NUM
ftr-365	326	18	.	.	PUNCT
ftr-365	326	19	2008	2008	NUM
ftr-365	326	20	]	]	PUNCT
ftr-365	327	1	the	the	DET
ftr-365	327	2	case	case	NOUN
ftr-365	327	3	for	for	ADP
ftr-365	327	4	residency	residency	NOUN
ftr-365	327	5	-	-	PUNCT
ftr-365	327	6	based	base	VERB
ftr-365	327	7	taxation	taxation	NOUN
ftr-365	327	8	15	15	NUM
ftr-365	327	9	to	to	ADP
ftr-365	327	10	the	the	DET
ftr-365	327	11	income	income	NOUN
ftr-365	327	12	is	be	AUX
ftr-365	327	13	such	such	ADJ
ftr-365	327	14	that	that	SCONJ
ftr-365	327	15	a	a	DET
ftr-365	327	16	taxpayer	taxpayer	NOUN
ftr-365	327	17	controls	control	VERB
ftr-365	327	18	it	it	PRON
ftr-365	327	19	.	.	PUNCT
ftr-365	328	1	69	69	NUM
ftr-365	328	2	in	in	ADP
ftr-365	328	3	the	the	DET
ftr-365	328	4	case	case	NOUN
ftr-365	328	5	of	of	ADP
ftr-365	328	6	passive	passive	ADJ
ftr-365	328	7	income	income	NOUN
ftr-365	328	8	,	,	PUNCT
ftr-365	328	9	the	the	DET
ftr-365	328	10	taxpayer	taxpayer	NOUN
ftr-365	328	11	generally	generally	ADV
ftr-365	328	12	has	have	VERB
ftr-365	328	13	little	little	ADJ
ftr-365	328	14	or	or	CCONJ
ftr-365	328	15	no	no	PRON
ftr-365	328	16	direct	direct	ADJ
ftr-365	328	17	control	control	NOUN
ftr-365	328	18	over	over	ADP
ftr-365	328	19	the	the	DET
ftr-365	328	20	production	production	NOUN
ftr-365	328	21	of	of	ADP
ftr-365	328	22	income	income	NOUN
ftr-365	328	23	.	.	PUNCT
ftr-365	329	1	70	70	NUM
ftr-365	329	2	common	common	ADJ
ftr-365	329	3	examples	example	NOUN
ftr-365	329	4	of	of	ADP
ftr-365	329	5	passive	passive	ADJ
ftr-365	329	6	income	income	NOUN
ftr-365	329	7	include	include	VERB
ftr-365	329	8	income	income	NOUN
ftr-365	329	9	from	from	ADP
ftr-365	329	10	dividends	dividend	NOUN
ftr-365	329	11	,	,	PUNCT
ftr-365	329	12	interest	interest	NOUN
ftr-365	329	13	(	(	PUNCT
ftr-365	329	14	including	include	VERB
ftr-365	329	15	oid	oid	NUM
ftr-365	329	16	)	)	PUNCT
ftr-365	329	17	,	,	PUNCT
ftr-365	329	18	rent	rent	NOUN
ftr-365	329	19	and	and	CCONJ
ftr-365	329	20	royalties	royalty	NOUN
ftr-365	329	21	.	.	PUNCT
ftr-365	330	1	71	71	NUM
ftr-365	330	2	in	in	ADP
ftr-365	330	3	the	the	DET
ftr-365	330	4	case	case	NOUN
ftr-365	330	5	of	of	ADP
ftr-365	330	6	active	active	ADJ
ftr-365	330	7	income	income	NOUN
ftr-365	330	8	,	,	PUNCT
ftr-365	330	9	generally	generally	ADV
ftr-365	330	10	,	,	PUNCT
ftr-365	330	11	the	the	DET
ftr-365	330	12	taxpayer	taxpayer	NOUN
ftr-365	330	13	has	have	VERB
ftr-365	330	14	direct	direct	ADJ
ftr-365	330	15	control	control	NOUN
ftr-365	330	16	over	over	ADP
ftr-365	330	17	the	the	DET
ftr-365	330	18	production	production	NOUN
ftr-365	330	19	of	of	ADP
ftr-365	330	20	income	income	NOUN
ftr-365	330	21	.	.	PUNCT
ftr-365	331	1	examples	example	NOUN
ftr-365	331	2	of	of	ADP
ftr-365	331	3	active	active	ADJ
ftr-365	331	4	income	income	NOUN
ftr-365	331	5	include	include	VERB
ftr-365	331	6	income	income	NOUN
ftr-365	331	7	from	from	ADP
ftr-365	331	8	services	service	NOUN
ftr-365	331	9	and	and	CCONJ
ftr-365	331	10	business	business	NOUN
ftr-365	331	11	income	income	NOUN
ftr-365	331	12	.	.	PUNCT
ftr-365	332	1	72	72	NUM
ftr-365	333	1	the	the	DET
ftr-365	333	2	fundamental	fundamental	ADJ
ftr-365	333	3	principle	principle	NOUN
ftr-365	333	4	in	in	ADP
ftr-365	333	5	most	most	ADJ
ftr-365	333	6	countries	country	NOUN
ftr-365	333	7	,	,	PUNCT
ftr-365	333	8	as	as	SCONJ
ftr-365	333	9	reflected	reflect	VERB
ftr-365	333	10	not	not	PART
ftr-365	333	11	only	only	ADV
ftr-365	333	12	in	in	ADP
ftr-365	333	13	domestic	domestic	ADJ
ftr-365	333	14	laws	law	NOUN
ftr-365	333	15	but	but	CCONJ
ftr-365	333	16	also	also	ADV
ftr-365	333	17	in	in	ADP
ftr-365	333	18	numerous	numerous	ADJ
ftr-365	333	19	tax	tax	NOUN
ftr-365	333	20	treaties	treaty	NOUN
ftr-365	333	21	,	,	PUNCT
ftr-365	333	22	is	be	AUX
ftr-365	333	23	that	that	SCONJ
ftr-365	333	24	active	active	ADJ
ftr-365	333	25	income	income	NOUN
ftr-365	333	26	is	be	AUX
ftr-365	333	27	taxed	tax	VERB
ftr-365	333	28	primarily	primarily	ADV
ftr-365	333	29	at	at	ADP
ftr-365	333	30	the	the	DET
ftr-365	333	31	source	source	NOUN
ftr-365	333	32	,	,	PUNCT
ftr-365	333	33	where	where	SCONJ
ftr-365	333	34	the	the	DET
ftr-365	333	35	activity	activity	NOUN
ftr-365	333	36	took	take	VERB
ftr-365	333	37	place	place	NOUN
ftr-365	333	38	,	,	PUNCT
ftr-365	333	39	while	while	SCONJ
ftr-365	333	40	passive	passive	ADJ
ftr-365	333	41	income	income	NOUN
ftr-365	333	42	is	be	AUX
ftr-365	333	43	taxed	tax	VERB
ftr-365	333	44	at	at	ADP
ftr-365	333	45	the	the	DET
ftr-365	333	46	residency	residency	NOUN
ftr-365	333	47	country	country	NOUN
ftr-365	333	48	,	,	PUNCT
ftr-365	333	49	where	where	SCONJ
ftr-365	333	50	it	it	PRON
ftr-365	333	51	reflects	reflect	VERB
ftr-365	333	52	a	a	DET
ftr-365	333	53	return	return	NOUN
ftr-365	333	54	on	on	ADP
ftr-365	333	55	capital	capital	NOUN
ftr-365	333	56	.	.	PUNCT
ftr-365	334	1	73	73	NUM
ftr-365	334	2	this	this	DET
ftr-365	334	3	concept	concept	NOUN
ftr-365	334	4	was	be	AUX
ftr-365	334	5	introduced	introduce	VERB
ftr-365	334	6	by	by	ADP
ftr-365	334	7	the	the	DET
ftr-365	334	8	league	league	PROPN
ftr-365	334	9	of	of	ADP
ftr-365	334	10	nations	nations	PROPN
ftr-365	334	11	report	report	NOUN
ftr-365	334	12	(	(	PUNCT
ftr-365	334	13	1923	1923	NUM
ftr-365	334	14	)	)	PUNCT
ftr-365	334	15	.	.	PUNCT
ftr-365	335	1	74	74	NUM
ftr-365	335	2	in	in	ADP
ftr-365	335	3	general	general	ADJ
ftr-365	335	4	,	,	PUNCT
ftr-365	335	5	the	the	DET
ftr-365	335	6	league	league	NOUN
ftr-365	335	7	of	of	ADP
ftr-365	335	8	nations	nations	PROPN
ftr-365	335	9	report	report	NOUN
ftr-365	335	10	(	(	PUNCT
ftr-365	335	11	1923	1923	NUM
ftr-365	335	12	)	)	PUNCT
ftr-365	335	13	established	establish	VERB
ftr-365	335	14	that	that	SCONJ
ftr-365	335	15	the	the	DET
ftr-365	335	16	source	source	NOUN
ftr-365	335	17	country	country	NOUN
ftr-365	335	18	should	should	AUX
ftr-365	335	19	have	have	VERB
ftr-365	335	20	the	the	DET
ftr-365	335	21	first	first	ADJ
ftr-365	335	22	right	right	NOUN
ftr-365	335	23	to	to	AUX
ftr-365	335	24	tax	tax	NOUN
ftr-365	335	25	income	income	NOUN
ftr-365	335	26	derived	derive	VERB
ftr-365	335	27	thereon	thereon	NOUN
ftr-365	335	28	(	(	PUNCT
ftr-365	335	29	the	the	DET
ftr-365	335	30	“	"	PUNCT
ftr-365	335	31	first	first	ADJ
ftr-365	335	32	bite	bite	NOUN
ftr-365	335	33	”	"	PUNCT
ftr-365	335	34	principle	principle	NOUN
ftr-365	335	35	)	)	PUNCT
ftr-365	335	36	.	.	PUNCT
ftr-365	336	1	75	75	NUM
ftr-365	336	2	the	the	DET
ftr-365	336	3	united	united	PROPN
ftr-365	336	4	states	states	PROPN
ftr-365	336	5	generally	generally	ADV
ftr-365	336	6	follows	follow	VERB
ftr-365	336	7	the	the	DET
ftr-365	336	8	active	active	ADJ
ftr-365	336	9	/	/	SYM
ftr-365	336	10	passive	passive	ADJ
ftr-365	336	11	distinction	distinction	NOUN
ftr-365	336	12	;	;	PUNCT
ftr-365	336	13	passive	passive	ADJ
ftr-365	336	14	income	income	NOUN
ftr-365	336	15	is	be	AUX
ftr-365	336	16	subject	subject	ADJ
ftr-365	336	17	to	to	ADP
ftr-365	336	18	a	a	DET
ftr-365	336	19	gross	gross	ADV
ftr-365	336	20	-	-	PUNCT
ftr-365	336	21	based	base	VERB
ftr-365	336	22	withholding	withholding	NOUN
ftr-365	336	23	tax	tax	NOUN
ftr-365	336	24	,	,	PUNCT
ftr-365	336	25	and	and	CCONJ
ftr-365	336	26	no	no	DET
ftr-365	336	27	deductions	deduction	NOUN
ftr-365	336	28	are	be	AUX
ftr-365	336	29	allowed	allow	VERB
ftr-365	336	30	.	.	PUNCT
ftr-365	337	1	76	76	NUM
ftr-365	337	2	pursuant	pursuant	ADJ
ftr-365	337	3	to	to	ADP
ftr-365	337	4	irc	irc	PROPN
ftr-365	337	5	sections	section	NOUN
ftr-365	337	6	1441	1441	NUM
ftr-365	337	7	and	and	CCONJ
ftr-365	337	8	1442	1442	NUM
ftr-365	337	9	,	,	PUNCT
ftr-365	337	10	u.s	u.s	PROPN
ftr-365	337	11	.	.	PROPN
ftr-365	337	12	withholding	withholding	NOUN
ftr-365	337	13	tax	tax	NOUN
ftr-365	337	14	applies	apply	VERB
ftr-365	337	15	to	to	ADP
ftr-365	337	16	a	a	DET
ftr-365	337	17	payment	payment	NOUN
ftr-365	337	18	if	if	SCONJ
ftr-365	337	19	:	:	PUNCT
ftr-365	337	20	(	(	PUNCT
ftr-365	337	21	i	i	NOUN
ftr-365	337	22	)	)	PUNCT
ftr-365	337	23	the	the	DET
ftr-365	337	24	payment	payment	NOUN
ftr-365	337	25	constitutes	constitute	VERB
ftr-365	337	26	a	a	DET
ftr-365	337	27	fixed	fix	VERB
ftr-365	337	28	or	or	CCONJ
ftr-365	337	29	determinable	determinable	ADJ
ftr-365	337	30	,	,	PUNCT
ftr-365	337	31	annual	annual	ADJ
ftr-365	337	32	or	or	CCONJ
ftr-365	337	33	periodical	periodical	ADJ
ftr-365	337	34	amount	amount	NOUN
ftr-365	337	35	(	(	PUNCT
ftr-365	337	36	fdap	fdap	NOUN
ftr-365	337	37	)	)	PUNCT
ftr-365	337	38	;	;	PUNCT
ftr-365	337	39	(	(	PUNCT
ftr-365	337	40	ii	ii	X
ftr-365	337	41	)	)	PUNCT
ftr-365	337	42	the	the	DET
ftr-365	337	43	payment	payment	NOUN
ftr-365	337	44	has	have	VERB
ftr-365	337	45	a	a	DET
ftr-365	337	46	united	united	PROPN
ftr-365	337	47	states	states	PROPN
ftr-365	337	48	source	source	NOUN
ftr-365	337	49	;	;	PUNCT
ftr-365	337	50	and	and	CCONJ
ftr-365	337	51	(	(	PUNCT
ftr-365	337	52	iii	iii	X
ftr-365	337	53	)	)	PUNCT
ftr-365	337	54	the	the	DET
ftr-365	337	55	payment	payment	NOUN
ftr-365	337	56	is	be	AUX
ftr-365	337	57	not	not	PART
ftr-365	337	58	effectively	effectively	ADV
ftr-365	337	59	connected	connect	VERB
ftr-365	337	60	to	to	ADP
ftr-365	337	61	a	a	DET
ftr-365	337	62	united	united	PROPN
ftr-365	337	63	states	states	PROPN
ftr-365	337	64	trade	trade	NOUN
ftr-365	337	65	or	or	CCONJ
ftr-365	337	66	business	business	NOUN
ftr-365	337	67	.	.	PUNCT
ftr-365	338	1	77	77	NUM
ftr-365	338	2	if	if	SCONJ
ftr-365	338	3	all	all	DET
ftr-365	338	4	three	three	NUM
ftr-365	338	5	requirements	requirement	NOUN
ftr-365	338	6	are	be	AUX
ftr-365	338	7	satisfied	satisfied	ADJ
ftr-365	338	8	,	,	PUNCT
ftr-365	338	9	a	a	DET
ftr-365	338	10	withholding	withholding	NOUN
ftr-365	338	11	tax	tax	NOUN
ftr-365	338	12	of	of	ADP
ftr-365	338	13	30	30	NUM
ftr-365	338	14	%	%	NOUN
ftr-365	338	15	applies	apply	VERB
ftr-365	338	16	,	,	PUNCT
ftr-365	338	17	unless	unless	SCONJ
ftr-365	338	18	the	the	DET
ftr-365	338	19	rate	rate	NOUN
ftr-365	338	20	is	be	AUX
ftr-365	338	21	reduced	reduce	VERB
ftr-365	338	22	by	by	ADP
ftr-365	338	23	an	an	DET
ftr-365	338	24	applicable	applicable	ADJ
ftr-365	338	25	income	income	NOUN
ftr-365	338	26	tax	tax	NOUN
ftr-365	338	27	treaty	treaty	NOUN
ftr-365	338	28	or	or	CCONJ
ftr-365	338	29	domestic	domestic	ADJ
ftr-365	338	30	law	law	NOUN
ftr-365	338	31	relief	relief	NOUN
ftr-365	338	32	.	.	PUNCT
ftr-365	339	1	78	78	NUM
ftr-365	339	2	congress	congress	PROPN
ftr-365	339	3	and	and	CCONJ
ftr-365	339	4	treasury	treasury	PROPN
ftr-365	339	5	,	,	PUNCT
ftr-365	339	6	however	however	ADV
ftr-365	339	7	,	,	PUNCT
ftr-365	339	8	can	can	AUX
ftr-365	339	9	exempt	exempt	VERB
ftr-365	339	10	non	non	ADJ
ftr-365	339	11	-	-	ADJ
ftr-365	339	12	resident	resident	ADJ
ftr-365	339	13	taxpayers	taxpayer	NOUN
ftr-365	339	14	from	from	ADP
ftr-365	339	15	withholding	withhold	VERB
ftr-365	339	16	tax	tax	NOUN
ftr-365	339	17	by	by	ADP
ftr-365	339	18	either	either	CCONJ
ftr-365	339	19	(	(	PUNCT
ftr-365	339	20	i	i	NOUN
ftr-365	339	21	)	)	PUNCT
ftr-365	339	22	exempting	exempt	VERB
ftr-365	339	23	a	a	DET
ftr-365	339	24	certain	certain	ADJ
ftr-365	339	25	type	type	NOUN
ftr-365	339	26	of	of	ADP
ftr-365	339	27	income	income	NOUN
ftr-365	339	28	from	from	ADP
ftr-365	339	29	the	the	DET
ftr-365	339	30	69	69	NUM
ftr-365	339	31	.	.	PUNCT
ftr-365	340	1	i	i	PRON
ftr-365	340	2	d.	d.	PROPN
ftr-365	340	3	at	at	ADP
ftr-365	340	4	1309	1309	NUM
ftr-365	340	5	-	-	SYM
ftr-365	340	6	10	10	NUM
ftr-365	340	7	.	.	PUNCT
ftr-365	340	8	70	70	NUM
ftr-365	340	9	.	.	PUNCT
ftr-365	341	1	this	this	PRON
ftr-365	341	2	is	be	AUX
ftr-365	341	3	generally	generally	ADV
ftr-365	341	4	referred	refer	VERB
ftr-365	341	5	to	to	ADP
ftr-365	341	6	as	as	ADP
ftr-365	341	7	“	"	PUNCT
ftr-365	341	8	portfolio	portfolio	NOUN
ftr-365	341	9	”	"	PUNCT
ftr-365	341	10	income	income	NOUN
ftr-365	341	11	.	.	PUNCT
ftr-365	342	1	i	i	PRON
ftr-365	342	2	d.	d.	PROPN
ftr-365	342	3	71	71	NUM
ftr-365	342	4	.	.	PUNCT
ftr-365	343	1	i	i	PRON
ftr-365	343	2	d.	d.	PROPN
ftr-365	343	3	see	see	VERB
ftr-365	343	4	also	also	ADV
ftr-365	343	5	reich	reich	PROPN
ftr-365	343	6	,	,	PUNCT
ftr-365	343	7	supra	supra	PROPN
ftr-365	343	8	note	note	PROPN
ftr-365	343	9	11	11	NUM
ftr-365	343	10	.	.	PUNCT
ftr-365	344	1	72	72	NUM
ftr-365	344	2	.	.	PUNCT
ftr-365	345	1	i	i	PRON
ftr-365	345	2	d.	d.	PROPN
ftr-365	345	3	73	73	NUM
ftr-365	345	4	.	.	PUNCT
ftr-365	346	1	see	see	VERB
ftr-365	346	2	avi	avi	NOUN
ftr-365	346	3	-	-	PUNCT
ftr-365	346	4	yonah	yonah	NOUN
ftr-365	346	5	(	(	PUNCT
ftr-365	346	6	1996	1996	NUM
ftr-365	346	7	)	)	PUNCT
ftr-365	346	8	,	,	PUNCT
ftr-365	346	9	supra	supra	PROPN
ftr-365	346	10	note	note	NOUN
ftr-365	346	11	7	7	NUM
ftr-365	346	12	,	,	PUNCT
ftr-365	346	13	at	at	ADP
ftr-365	346	14	1306	1306	NUM
ftr-365	346	15	;	;	PUNCT
ftr-365	346	16	reich	reich	PROPN
ftr-365	346	17	,	,	PUNCT
ftr-365	346	18	supra	supra	PROPN
ftr-365	346	19	note	note	PROPN
ftr-365	346	20	11	11	NUM
ftr-365	346	21	.	.	X
ftr-365	347	1	74	74	NUM
ftr-365	347	2	.	.	PUNCT
ftr-365	348	1	see	see	VERB
ftr-365	348	2	avi	avi	NOUN
ftr-365	348	3	-	-	PUNCT
ftr-365	348	4	yonah	yonah	NOUN
ftr-365	348	5	(	(	PUNCT
ftr-365	348	6	1996	1996	NUM
ftr-365	348	7	)	)	PUNCT
ftr-365	348	8	,	,	PUNCT
ftr-365	348	9	supra	supra	PROPN
ftr-365	348	10	note	note	NOUN
ftr-365	348	11	7	7	NUM
ftr-365	348	12	,	,	PUNCT
ftr-365	348	13	at	at	ADP
ftr-365	348	14	1305	1305	NUM
ftr-365	348	15	-	-	SYM
ftr-365	348	16	06	06	NUM
ftr-365	348	17	,	,	PUNCT
ftr-365	348	18	citing	cite	VERB
ftr-365	348	19	the	the	DET
ftr-365	348	20	league	league	NOUN
ftr-365	348	21	of	of	ADP
ftr-365	348	22	nations	nations	PROPN
ftr-365	348	23	report	report	NOUN
ftr-365	348	24	(	(	PUNCT
ftr-365	348	25	1923	1923	NUM
ftr-365	348	26	)	)	PUNCT
ftr-365	348	27	,	,	PUNCT
ftr-365	348	28	supra	supra	PROPN
ftr-365	348	29	note	note	NOUN
ftr-365	348	30	4	4	NUM
ftr-365	348	31	,	,	PUNCT
ftr-365	348	32	at	at	ADP
ftr-365	348	33	18	18	NUM
ftr-365	348	34	.	.	PUNCT
ftr-365	348	35	75	75	NUM
ftr-365	348	36	.	.	PUNCT
ftr-365	349	1	in	in	ADP
ftr-365	349	2	the	the	DET
ftr-365	349	3	absence	absence	NOUN
ftr-365	349	4	of	of	ADP
ftr-365	349	5	a	a	DET
ftr-365	349	6	treaty	treaty	NOUN
ftr-365	349	7	,	,	PUNCT
ftr-365	349	8	it	it	PRON
ftr-365	349	9	is	be	AUX
ftr-365	349	10	the	the	DET
ftr-365	349	11	obligation	obligation	NOUN
ftr-365	349	12	of	of	ADP
ftr-365	349	13	the	the	DET
ftr-365	349	14	residency	residency	NOUN
ftr-365	349	15	country	country	NOUN
ftr-365	349	16	to	to	PART
ftr-365	349	17	alleviate	alleviate	VERB
ftr-365	349	18	double	double	ADJ
ftr-365	349	19	taxation	taxation	NOUN
ftr-365	349	20	by	by	ADP
ftr-365	349	21	either	either	CCONJ
ftr-365	349	22	(	(	PUNCT
ftr-365	349	23	i	i	NOUN
ftr-365	349	24	)	)	PUNCT
ftr-365	349	25	exemption	exemption	NOUN
ftr-365	349	26	of	of	ADP
ftr-365	349	27	the	the	DET
ftr-365	349	28	foreign	foreign	ADJ
ftr-365	349	29	source	source	NOUN
ftr-365	349	30	income	income	NOUN
ftr-365	349	31	,	,	PUNCT
ftr-365	349	32	or	or	CCONJ
ftr-365	349	33	(	(	PUNCT
ftr-365	349	34	ii	ii	NOUN
ftr-365	349	35	)	)	PUNCT
ftr-365	349	36	foreign	foreign	ADJ
ftr-365	349	37	tax	tax	NOUN
ftr-365	349	38	credit	credit	NOUN
ftr-365	349	39	.	.	PUNCT
ftr-365	350	1	see	see	VERB
ftr-365	350	2	league	league	PROPN
ftr-365	350	3	of	of	ADP
ftr-365	350	4	nations	nation	NOUN
ftr-365	350	5	report	report	NOUN
ftr-365	350	6	(	(	PUNCT
ftr-365	350	7	1923	1923	NUM
ftr-365	350	8	)	)	PUNCT
ftr-365	350	9	,	,	PUNCT
ftr-365	350	10	supra	supra	PROPN
ftr-365	350	11	note	note	NOUN
ftr-365	350	12	4	4	NUM
ftr-365	350	13	,	,	PUNCT
ftr-365	350	14	at	at	ADP
ftr-365	350	15	40	40	NUM
ftr-365	350	16	.	.	PUNCT
ftr-365	351	1	76	76	NUM
ftr-365	351	2	.	.	PUNCT
ftr-365	352	1	see	see	VERB
ftr-365	352	2	irc	irc	PROPN
ftr-365	352	3	§	§	PROPN
ftr-365	352	4	871(a	871(a	PROPN
ftr-365	352	5	)	)	PUNCT
ftr-365	352	6	,	,	PUNCT
ftr-365	352	7	pursuant	pursuant	ADJ
ftr-365	352	8	to	to	ADP
ftr-365	352	9	which	which	DET
ftr-365	352	10	income	income	NOUN
ftr-365	352	11	of	of	ADP
ftr-365	352	12	non	non	NOUN
ftr-365	352	13	-	-	NOUN
ftr-365	352	14	residents	resident	NOUN
ftr-365	352	15	not	not	PART
ftr-365	352	16	connected	connect	VERB
ftr-365	352	17	with	with	ADP
ftr-365	352	18	a	a	DET
ftr-365	352	19	u.s	u.s	PROPN
ftr-365	352	20	.	.	PROPN
ftr-365	352	21	trade	trade	NOUN
ftr-365	352	22	or	or	CCONJ
ftr-365	352	23	business	business	NOUN
ftr-365	352	24	,	,	PUNCT
ftr-365	352	25	other	other	ADJ
ftr-365	352	26	than	than	ADP
ftr-365	352	27	capital	capital	NOUN
ftr-365	352	28	gains	gain	NOUN
ftr-365	352	29	,	,	PUNCT
ftr-365	352	30	is	be	AUX
ftr-365	352	31	subject	subject	ADJ
ftr-365	352	32	to	to	ADP
ftr-365	352	33	a	a	DET
ftr-365	352	34	30	30	NUM
ftr-365	352	35	%	%	NOUN
ftr-365	352	36	gross	gross	ADJ
ftr-365	352	37	tax	tax	NOUN
ftr-365	352	38	.	.	PUNCT
ftr-365	353	1	in	in	ADP
ftr-365	353	2	contrast	contrast	NOUN
ftr-365	353	3	,	,	PUNCT
ftr-365	353	4	under	under	ADP
ftr-365	353	5	irc	irc	PROPN
ftr-365	353	6	§	§	PROPN
ftr-365	353	7	871(b	871(b	PROPN
ftr-365	353	8	)	)	PUNCT
ftr-365	353	9	,	,	PUNCT
ftr-365	353	10	income	income	NOUN
ftr-365	353	11	of	of	ADP
ftr-365	353	12	non	non	NOUN
ftr-365	353	13	-	-	NOUN
ftr-365	353	14	residents	resident	NOUN
ftr-365	353	15	,	,	PUNCT
ftr-365	353	16	which	which	PRON
ftr-365	353	17	is	be	AUX
ftr-365	353	18	connected	connect	VERB
ftr-365	353	19	with	with	ADP
ftr-365	353	20	a	a	DET
ftr-365	353	21	u.s	u.s	PROPN
ftr-365	353	22	.	.	PROPN
ftr-365	353	23	trade	trade	NOUN
ftr-365	353	24	or	or	CCONJ
ftr-365	353	25	business	business	NOUN
ftr-365	353	26	,	,	PUNCT
ftr-365	353	27	is	be	AUX
ftr-365	353	28	subject	subject	ADJ
ftr-365	353	29	to	to	ADP
ftr-365	353	30	graduate	graduate	NOUN
ftr-365	353	31	rates	rate	NOUN
ftr-365	353	32	of	of	ADP
ftr-365	353	33	tax	tax	NOUN
ftr-365	353	34	(	(	PUNCT
ftr-365	353	35	i.e.	i.e.	X
ftr-365	353	36	,	,	PUNCT
ftr-365	353	37	net	net	ADJ
ftr-365	353	38	tax	tax	NOUN
ftr-365	353	39	)	)	PUNCT
ftr-365	353	40	,	,	PUNCT
ftr-365	353	41	similar	similar	ADJ
ftr-365	353	42	to	to	ADP
ftr-365	353	43	the	the	DET
ftr-365	353	44	rates	rate	NOUN
ftr-365	353	45	that	that	PRON
ftr-365	353	46	apply	apply	VERB
ftr-365	353	47	to	to	ADP
ftr-365	353	48	residents	resident	NOUN
ftr-365	353	49	.	.	PUNCT
ftr-365	354	1	77	77	NUM
ftr-365	354	2	.	.	PUNCT
ftr-365	355	1	treas	treas	PROPN
ftr-365	355	2	.	.	PUNCT
ftr-365	356	1	regs	regs	PROPN
ftr-365	356	2	.	.	PUNCT
ftr-365	357	1	§	§	PROPN
ftr-365	357	2	1.1441	1.1441	NUM
ftr-365	357	3	-	-	PUNCT
ftr-365	357	4	2(a	2(a	NUM
ftr-365	357	5	)	)	PUNCT
ftr-365	357	6	.	.	PUNCT
ftr-365	358	1	78	78	NUM
ftr-365	358	2	.	.	PUNCT
ftr-365	359	1	irc	irc	PROPN
ftr-365	359	2	§	§	PROPN
ftr-365	359	3	871(a	871(a	PROPN
ftr-365	359	4	)	)	PUNCT
ftr-365	359	5	.	.	PUNCT
ftr-365	360	1	16	16	NUM
ftr-365	360	2	florida	florida	PROPN
ftr-365	360	3	tax	tax	NOUN
ftr-365	360	4	review	review	NOUN
ftr-365	360	5	[	[	X
ftr-365	360	6	vol	vol	NOUN
ftr-365	360	7	.	.	PUNCT
ftr-365	360	8	9:1	9:1	NUM
ftr-365	360	9	fdap	fdap	PROPN
ftr-365	360	10	definition	definition	NOUN
ftr-365	360	11	,	,	PUNCT
ftr-365	360	12	79	79	NUM
ftr-365	360	13	or	or	CCONJ
ftr-365	360	14	(	(	PUNCT
ftr-365	360	15	ii	ii	NOUN
ftr-365	360	16	)	)	PUNCT
ftr-365	360	17	setting	set	VERB
ftr-365	360	18	forth	forth	ADV
ftr-365	360	19	that	that	SCONJ
ftr-365	360	20	a	a	DET
ftr-365	360	21	certain	certain	ADJ
ftr-365	360	22	type	type	NOUN
ftr-365	360	23	of	of	ADP
ftr-365	360	24	income	income	NOUN
ftr-365	360	25	is	be	AUX
ftr-365	360	26	not	not	PART
ftr-365	360	27	u.s	u.s	PROPN
ftr-365	360	28	.	.	PROPN
ftr-365	360	29	source	source	NOUN
ftr-365	360	30	income	income	NOUN
ftr-365	360	31	.	.	PUNCT
ftr-365	361	1	80	80	NUM
ftr-365	361	2	further	far	ADV
ftr-365	361	3	,	,	PUNCT
ftr-365	361	4	congress	congress	PROPN
ftr-365	361	5	and	and	CCONJ
ftr-365	361	6	treasury	treasury	PROPN
ftr-365	361	7	may	may	AUX
ftr-365	361	8	provide	provide	VERB
ftr-365	361	9	that	that	SCONJ
ftr-365	361	10	certain	certain	ADJ
ftr-365	361	11	activities	activity	NOUN
ftr-365	361	12	will	will	AUX
ftr-365	361	13	not	not	PART
ftr-365	361	14	give	give	VERB
ftr-365	361	15	rise	rise	NOUN
ftr-365	361	16	to	to	ADP
ftr-365	361	17	a	a	DET
ftr-365	361	18	trade	trade	NOUN
ftr-365	361	19	or	or	CCONJ
ftr-365	361	20	business	business	NOUN
ftr-365	361	21	in	in	ADP
ftr-365	361	22	the	the	DET
ftr-365	361	23	united	united	PROPN
ftr-365	361	24	states	states	PROPN
ftr-365	361	25	.	.	PUNCT
ftr-365	362	1	81	81	NUM
ftr-365	362	2	on	on	ADP
ftr-365	362	3	the	the	DET
ftr-365	362	4	other	other	ADJ
ftr-365	362	5	hand	hand	NOUN
ftr-365	362	6	,	,	PUNCT
ftr-365	362	7	in	in	ADP
ftr-365	362	8	the	the	DET
ftr-365	362	9	united	united	PROPN
ftr-365	362	10	states	states	PROPN
ftr-365	362	11	,	,	PUNCT
ftr-365	362	12	and	and	CCONJ
ftr-365	362	13	also	also	ADV
ftr-365	362	14	consistent	consistent	ADJ
ftr-365	362	15	with	with	ADP
ftr-365	362	16	the	the	DET
ftr-365	362	17	“	"	PUNCT
ftr-365	362	18	international	international	ADJ
ftr-365	362	19	tax	tax	NOUN
ftr-365	362	20	regime	regime	NOUN
ftr-365	362	21	,	,	PUNCT
ftr-365	362	22	”	"	PUNCT
ftr-365	362	23	a	a	DET
ftr-365	362	24	non	non	ADJ
ftr-365	362	25	-	-	ADJ
ftr-365	362	26	resident	resident	ADJ
ftr-365	362	27	’s	’s	PART
ftr-365	362	28	active	active	ADJ
ftr-365	362	29	income	income	NOUN
ftr-365	362	30	(	(	PUNCT
ftr-365	362	31	i.e.	i.e.	X
ftr-365	362	32	,	,	PUNCT
ftr-365	362	33	income	income	NOUN
ftr-365	362	34	effectively	effectively	ADV
ftr-365	362	35	connected	connect	VERB
ftr-365	362	36	with	with	ADP
ftr-365	362	37	a	a	DET
ftr-365	362	38	u.s	u.s	PROPN
ftr-365	362	39	.	.	PROPN
ftr-365	362	40	trade	trade	NOUN
ftr-365	362	41	or	or	CCONJ
ftr-365	362	42	business	business	NOUN
ftr-365	362	43	)	)	PUNCT
ftr-365	362	44	is	be	AUX
ftr-365	362	45	taxed	tax	VERB
ftr-365	362	46	as	as	SCONJ
ftr-365	362	47	if	if	SCONJ
ftr-365	362	48	it	it	PRON
ftr-365	362	49	were	be	AUX
ftr-365	362	50	income	income	NOUN
ftr-365	362	51	of	of	ADP
ftr-365	362	52	a	a	DET
ftr-365	362	53	u.s	u.s	PROPN
ftr-365	362	54	.	.	PROPN
ftr-365	362	55	resident	resident	NOUN
ftr-365	362	56	–	–	PUNCT
ftr-365	362	57	that	that	ADV
ftr-365	362	58	is	is	ADV
ftr-365	362	59	,	,	PUNCT
ftr-365	362	60	it	it	PRON
ftr-365	362	61	is	be	AUX
ftr-365	362	62	taxed	tax	VERB
ftr-365	362	63	at	at	ADP
ftr-365	362	64	the	the	DET
ftr-365	362	65	graduated	graduate	VERB
ftr-365	362	66	rates	rate	NOUN
ftr-365	362	67	that	that	PRON
ftr-365	362	68	apply	apply	VERB
ftr-365	362	69	to	to	ADP
ftr-365	362	70	residents	resident	NOUN
ftr-365	362	71	.	.	PUNCT
ftr-365	363	1	82	82	NUM
ftr-365	363	2	tax	tax	NOUN
ftr-365	363	3	treaties	treaty	NOUN
ftr-365	363	4	generally	generally	ADV
ftr-365	363	5	follow	follow	VERB
ftr-365	363	6	the	the	DET
ftr-365	363	7	same	same	ADJ
ftr-365	363	8	approach	approach	NOUN
ftr-365	363	9	;	;	PUNCT
ftr-365	363	10	rather	rather	ADV
ftr-365	363	11	than	than	ADP
ftr-365	363	12	giving	give	VERB
ftr-365	363	13	the	the	DET
ftr-365	363	14	source	source	NOUN
ftr-365	363	15	country	country	NOUN
ftr-365	363	16	the	the	DET
ftr-365	363	17	first	first	ADJ
ftr-365	363	18	bite	bite	NOUN
ftr-365	363	19	and	and	CCONJ
ftr-365	363	20	allowing	allow	VERB
ftr-365	363	21	credit	credit	NOUN
ftr-365	363	22	or	or	CCONJ
ftr-365	363	23	exemption	exemption	NOUN
ftr-365	363	24	in	in	ADP
ftr-365	363	25	the	the	DET
ftr-365	363	26	residency	residency	NOUN
ftr-365	363	27	country	country	NOUN
ftr-365	363	28	,	,	PUNCT
ftr-365	363	29	treaties	treaty	NOUN
ftr-365	363	30	simply	simply	ADV
ftr-365	363	31	provide	provide	VERB
ftr-365	363	32	for	for	ADP
ftr-365	363	33	primary	primary	ADJ
ftr-365	363	34	jurisdiction	jurisdiction	NOUN
ftr-365	363	35	to	to	PART
ftr-365	363	36	tax	tax	VERB
ftr-365	363	37	active	active	ADJ
ftr-365	363	38	income	income	NOUN
ftr-365	363	39	to	to	ADP
ftr-365	363	40	the	the	DET
ftr-365	363	41	source	source	NOUN
ftr-365	363	42	country	country	NOUN
ftr-365	363	43	,	,	PUNCT
ftr-365	363	44	and	and	CCONJ
ftr-365	363	45	primary	primary	ADJ
ftr-365	363	46	jurisdiction	jurisdiction	NOUN
ftr-365	363	47	to	to	PART
ftr-365	363	48	tax	tax	VERB
ftr-365	363	49	passive	passive	ADJ
ftr-365	363	50	income	income	NOUN
ftr-365	363	51	to	to	ADP
ftr-365	363	52	the	the	DET
ftr-365	363	53	residency	residency	NOUN
ftr-365	363	54	country	country	NOUN
ftr-365	363	55	.	.	PUNCT
ftr-365	364	1	83	83	NUM
ftr-365	364	2	in	in	ADP
ftr-365	364	3	particular	particular	ADJ
ftr-365	364	4	,	,	PUNCT
ftr-365	364	5	tax	tax	NOUN
ftr-365	364	6	treaties	treaty	NOUN
ftr-365	364	7	reflect	reflect	VERB
ftr-365	364	8	the	the	DET
ftr-365	364	9	active	active	ADJ
ftr-365	364	10	or	or	CCONJ
ftr-365	364	11	passive	passive	ADJ
ftr-365	364	12	distinction	distinction	NOUN
ftr-365	364	13	in	in	ADP
ftr-365	364	14	two	two	NUM
ftr-365	364	15	ways	way	NOUN
ftr-365	364	16	:	:	PUNCT
ftr-365	364	17	(	(	PUNCT
ftr-365	364	18	i	i	NOUN
ftr-365	364	19	)	)	PUNCT
ftr-365	364	20	define	define	VERB
ftr-365	364	21	what	what	PRON
ftr-365	364	22	constitutes	constitute	VERB
ftr-365	364	23	an	an	DET
ftr-365	364	24	active	active	ADJ
ftr-365	364	25	business	business	NOUN
ftr-365	364	26	operation	operation	NOUN
ftr-365	364	27	in	in	ADP
ftr-365	364	28	the	the	DET
ftr-365	364	29	source	source	NOUN
ftr-365	364	30	country	country	NOUN
ftr-365	364	31	(	(	PUNCT
ftr-365	364	32	a	a	DET
ftr-365	364	33	“	"	PUNCT
ftr-365	364	34	permanent	permanent	ADJ
ftr-365	364	35	establishment	establishment	NOUN
ftr-365	364	36	”	"	PUNCT
ftr-365	364	37	)	)	PUNCT
ftr-365	364	38	84	84	NUM
ftr-365	364	39	and	and	CCONJ
ftr-365	364	40	give	give	VERB
ftr-365	364	41	the	the	DET
ftr-365	364	42	source	source	NOUN
ftr-365	364	43	country	country	NOUN
ftr-365	364	44	the	the	DET
ftr-365	364	45	primary	primary	ADJ
ftr-365	364	46	79	79	NUM
ftr-365	364	47	.	.	PUNCT
ftr-365	365	1	see	see	VERB
ftr-365	365	2	treas	treas	PROPN
ftr-365	365	3	.	.	PUNCT
ftr-365	366	1	regs	regs	PROPN
ftr-365	366	2	.	.	PUNCT
ftr-365	367	1	§	§	PROPN
ftr-365	367	2	1.1441	1.1441	NUM
ftr-365	367	3	-	-	SYM
ftr-365	367	4	2(b)(2)(i	2(b)(2)(i	NUM
ftr-365	367	5	)	)	PUNCT
ftr-365	367	6	(	(	PUNCT
ftr-365	367	7	exempting	exempt	VERB
ftr-365	367	8	from	from	ADP
ftr-365	367	9	the	the	DET
ftr-365	367	10	fdap	fdap	ADJ
ftr-365	367	11	income	income	NOUN
ftr-365	367	12	definition	definition	NOUN
ftr-365	367	13	gains	gain	NOUN
ftr-365	367	14	derived	derive	VERB
ftr-365	367	15	from	from	ADP
ftr-365	367	16	the	the	DET
ftr-365	367	17	sale	sale	NOUN
ftr-365	367	18	or	or	CCONJ
ftr-365	367	19	property	property	NOUN
ftr-365	367	20	,	,	PUNCT
ftr-365	367	21	including	include	VERB
ftr-365	367	22	market	market	NOUN
ftr-365	367	23	discount	discount	NOUN
ftr-365	367	24	and	and	CCONJ
ftr-365	367	25	option	option	NOUN
ftr-365	367	26	premiums	premium	NOUN
ftr-365	367	27	)	)	PUNCT
ftr-365	367	28	.	.	PUNCT
ftr-365	368	1	see	see	AUX
ftr-365	368	2	also	also	ADV
ftr-365	368	3	irc	irc	PROPN
ftr-365	368	4	§	§	PROPN
ftr-365	368	5	871(h	871(h	PROPN
ftr-365	368	6	)	)	PUNCT
ftr-365	368	7	(	(	PUNCT
ftr-365	368	8	portfolio	portfolio	NOUN
ftr-365	368	9	interest	interest	NOUN
ftr-365	368	10	exemption	exemption	NOUN
ftr-365	368	11	)	)	PUNCT
ftr-365	368	12	and	and	CCONJ
ftr-365	368	13	irc	irc	ADP
ftr-365	368	14	§	§	PROPN
ftr-365	368	15	§	§	PROPN
ftr-365	368	16	871(i)(2)(a	871(i)(2)(a	PROPN
ftr-365	368	17	)	)	PUNCT
ftr-365	368	18	and	and	CCONJ
ftr-365	368	19	(	(	PUNCT
ftr-365	368	20	b	b	NOUN
ftr-365	368	21	)	)	PUNCT
ftr-365	368	22	,	,	PUNCT
ftr-365	368	23	pursuant	pursuant	ADJ
ftr-365	368	24	to	to	ADP
ftr-365	368	25	which	which	PRON
ftr-365	368	26	there	there	PRON
ftr-365	368	27	is	be	VERB
ftr-365	368	28	no	no	DET
ftr-365	368	29	withholding	withholding	NOUN
ftr-365	368	30	tax	tax	NOUN
ftr-365	368	31	on	on	ADP
ftr-365	368	32	u.s	u.s	PROPN
ftr-365	368	33	.	.	PROPN
ftr-365	368	34	source	source	NOUN
ftr-365	368	35	interest	interest	NOUN
ftr-365	368	36	paid	pay	VERB
ftr-365	368	37	by	by	ADP
ftr-365	368	38	u.s	u.s	PROPN
ftr-365	368	39	.	.	PROPN
ftr-365	368	40	banks	bank	NOUN
ftr-365	368	41	and	and	CCONJ
ftr-365	368	42	on	on	ADP
ftr-365	368	43	dividends	dividend	NOUN
ftr-365	368	44	paid	pay	VERB
ftr-365	368	45	by	by	ADP
ftr-365	368	46	u.s	u.s	PROPN
ftr-365	368	47	.	.	PROPN
ftr-365	368	48	corporations	corporation	NOUN
ftr-365	368	49	with	with	ADP
ftr-365	368	50	significant	significant	ADJ
ftr-365	368	51	foreign	foreign	ADJ
ftr-365	368	52	business	business	NOUN
ftr-365	368	53	activities	activity	NOUN
ftr-365	368	54	.	.	PUNCT
ftr-365	369	1	80	80	NUM
ftr-365	369	2	.	.	PUNCT
ftr-365	370	1	for	for	ADP
ftr-365	370	2	example	example	NOUN
ftr-365	370	3	,	,	PUNCT
ftr-365	370	4	pursuant	pursuant	ADJ
ftr-365	370	5	to	to	ADP
ftr-365	370	6	irc	irc	VERB
ftr-365	370	7	§	§	PROPN
ftr-365	370	8	§	§	PROPN
ftr-365	370	9	861(a)(1)(a	861(a)(1)(a	PROPN
ftr-365	370	10	)	)	PUNCT
ftr-365	370	11	and	and	CCONJ
ftr-365	370	12	(	(	PUNCT
ftr-365	370	13	b	b	NOUN
ftr-365	370	14	)	)	PUNCT
ftr-365	370	15	,	,	PUNCT
ftr-365	370	16	interest	interest	NOUN
ftr-365	370	17	paid	pay	VERB
ftr-365	370	18	by	by	ADP
ftr-365	370	19	a	a	DET
ftr-365	370	20	u.s	u.s	PROPN
ftr-365	370	21	.	.	PROPN
ftr-365	370	22	taxpayer	taxpayer	NOUN
ftr-365	370	23	with	with	ADP
ftr-365	370	24	significant	significant	ADJ
ftr-365	370	25	foreign	foreign	ADJ
ftr-365	370	26	business	business	NOUN
ftr-365	370	27	activities	activity	NOUN
ftr-365	370	28	to	to	ADP
ftr-365	370	29	a	a	DET
ftr-365	370	30	foreign	foreign	ADJ
ftr-365	370	31	person	person	NOUN
ftr-365	370	32	is	be	AUX
ftr-365	370	33	foreign	foreign	ADJ
ftr-365	370	34	rather	rather	ADV
ftr-365	370	35	than	than	ADP
ftr-365	370	36	u.s	u.s	PROPN
ftr-365	370	37	.	.	PROPN
ftr-365	370	38	source	source	NOUN
ftr-365	370	39	income	income	NOUN
ftr-365	370	40	,	,	PUNCT
ftr-365	370	41	contrary	contrary	ADV
ftr-365	370	42	to	to	ADP
ftr-365	370	43	the	the	DET
ftr-365	370	44	general	general	ADJ
ftr-365	370	45	source	source	NOUN
ftr-365	370	46	rules	rule	NOUN
ftr-365	370	47	pertaining	pertain	VERB
ftr-365	370	48	to	to	ADP
ftr-365	370	49	interest	interest	NOUN
ftr-365	370	50	.	.	PUNCT
ftr-365	371	1	81	81	NUM
ftr-365	371	2	.	.	PUNCT
ftr-365	372	1	see	see	VERB
ftr-365	372	2	the	the	DET
ftr-365	372	3	discussion	discussion	NOUN
ftr-365	372	4	below	below	ADP
ftr-365	372	5	pertaining	pertain	VERB
ftr-365	372	6	to	to	ADP
ftr-365	372	7	the	the	DET
ftr-365	372	8	securities	security	NOUN
ftr-365	372	9	trading	trade	VERB
ftr-365	372	10	safe	safe	ADJ
ftr-365	372	11	harbor	harbor	NOUN
ftr-365	372	12	under	under	ADP
ftr-365	372	13	irc	irc	PROPN
ftr-365	372	14	§	§	PROPN
ftr-365	372	15	864(b)(2	864(b)(2	PROPN
ftr-365	372	16	)	)	PUNCT
ftr-365	372	17	.	.	PUNCT
ftr-365	373	1	82	82	NUM
ftr-365	373	2	.	.	PUNCT
ftr-365	374	1	irc	irc	PROPN
ftr-365	374	2	§	§	PROPN
ftr-365	374	3	§	§	PROPN
ftr-365	374	4	871(b	871(b	PROPN
ftr-365	374	5	)	)	PUNCT
ftr-365	374	6	(	(	PUNCT
ftr-365	374	7	individuals	individual	NOUN
ftr-365	374	8	)	)	PUNCT
ftr-365	374	9	and	and	CCONJ
ftr-365	374	10	882	882	NUM
ftr-365	374	11	(	(	PUNCT
ftr-365	374	12	a	a	NOUN
ftr-365	374	13	)	)	PUNCT
ftr-365	374	14	(	(	PUNCT
ftr-365	374	15	corporations	corporation	NOUN
ftr-365	374	16	)	)	PUNCT
ftr-365	374	17	.	.	PUNCT
ftr-365	375	1	83	83	NUM
ftr-365	375	2	.	.	PUNCT
ftr-365	375	3	organization	organization	NOUN
ftr-365	375	4	for	for	ADP
ftr-365	375	5	economic	economic	ADJ
ftr-365	375	6	co	co	NOUN
ftr-365	375	7	-	-	NOUN
ftr-365	375	8	operation	operation	NOUN
ftr-365	375	9	and	and	CCONJ
ftr-365	375	10	dev	dev	PROPN
ftr-365	375	11	.	.	PROPN
ftr-365	375	12	,	,	PUNCT
ftr-365	375	13	model	model	NOUN
ftr-365	375	14	tax	tax	NOUN
ftr-365	375	15	convention	convention	NOUN
ftr-365	375	16	on	on	ADP
ftr-365	375	17	income	income	NOUN
ftr-365	375	18	and	and	CCONJ
ftr-365	375	19	capital	capital	NOUN
ftr-365	375	20	,	,	PUNCT
ftr-365	375	21	1	1	NUM
ftr-365	375	22	tax	tax	NOUN
ftr-365	375	23	treaties	treaty	NOUN
ftr-365	375	24	(	(	PUNCT
ftr-365	375	25	cch	cch	NOUN
ftr-365	375	26	)	)	PUNCT
ftr-365	375	27	p	p	X
ftr-365	375	28	191	191	NUM
ftr-365	375	29	(	(	PUNCT
ftr-365	375	30	sept	sept	PROPN
ftr-365	375	31	.	.	PROPN
ftr-365	375	32	1	1	NUM
ftr-365	375	33	,	,	PUNCT
ftr-365	375	34	1992	1992	NUM
ftr-365	375	35	)	)	PUNCT
ftr-365	376	1	[	[	X
ftr-365	376	2	hereinafter	hereinafter	NOUN
ftr-365	376	3	“	"	PUNCT
ftr-365	376	4	oecd	oecd	PROPN
ftr-365	376	5	model	model	PROPN
ftr-365	376	6	treaty	treaty	PROPN
ftr-365	376	7	”	"	PUNCT
ftr-365	376	8	]	]	PUNCT
ftr-365	376	9	,	,	PUNCT
ftr-365	376	10	articles	article	NOUN
ftr-365	376	11	7	7	NUM
ftr-365	376	12	,	,	PUNCT
ftr-365	376	13	10	10	NUM
ftr-365	376	14	,	,	PUNCT
ftr-365	376	15	11	11	NUM
ftr-365	376	16	(	(	PUNCT
ftr-365	376	17	providing	provide	VERB
ftr-365	376	18	that	that	PRON
ftr-365	376	19	passive	passive	ADJ
ftr-365	376	20	income	income	NOUN
ftr-365	376	21	is	be	AUX
ftr-365	376	22	taxed	tax	VERB
ftr-365	376	23	by	by	ADP
ftr-365	376	24	the	the	DET
ftr-365	376	25	residency	residency	NOUN
ftr-365	376	26	country	country	NOUN
ftr-365	376	27	while	while	SCONJ
ftr-365	376	28	active	active	ADJ
ftr-365	376	29	income	income	NOUN
ftr-365	376	30	may	may	AUX
ftr-365	376	31	be	be	AUX
ftr-365	376	32	taxed	tax	VERB
ftr-365	376	33	in	in	ADP
ftr-365	376	34	the	the	DET
ftr-365	376	35	source	source	NOUN
ftr-365	376	36	country	country	NOUN
ftr-365	376	37	)	)	PUNCT
ftr-365	376	38	;	;	PUNCT
ftr-365	376	39	united	united	PROPN
ftr-365	376	40	nations	nations	PROPN
ftr-365	376	41	dep’t	dep’t	PROPN
ftr-365	376	42	of	of	ADP
ftr-365	376	43	int’l	int’l	NUM
ftr-365	376	44	economic	economic	ADJ
ftr-365	376	45	&	&	CCONJ
ftr-365	376	46	social	social	PROPN
ftr-365	376	47	affairs	affairs	PROPN
ftr-365	376	48	,	,	PUNCT
ftr-365	376	49	united	united	PROPN
ftr-365	376	50	nations	nations	PROPN
ftr-365	376	51	model	model	PROPN
ftr-365	376	52	double	double	PROPN
ftr-365	376	53	taxation	taxation	NOUN
ftr-365	376	54	convention	convention	NOUN
ftr-365	376	55	between	between	ADP
ftr-365	376	56	developed	developed	ADJ
ftr-365	376	57	and	and	CCONJ
ftr-365	376	58	developing	develop	VERB
ftr-365	376	59	countries	country	NOUN
ftr-365	376	60	,	,	PUNCT
ftr-365	376	61	u.n	u.n	PROPN
ftr-365	376	62	.	.	PROPN
ftr-365	376	63	doc	doc	PROPN
ftr-365	376	64	.	.	PROPN
ftr-365	376	65	st	st	PROPN
ftr-365	376	66	/	/	SYM
ftr-365	376	67	esa/102	esa/102	PROPN
ftr-365	376	68	,	,	PUNCT
ftr-365	376	69	u.n	u.n	PROPN
ftr-365	376	70	.	.	PROPN
ftr-365	376	71	sales	sale	NOUN
ftr-365	376	72	no	no	INTJ
ftr-365	376	73	.	.	PUNCT
ftr-365	377	1	e.80.xvi.3	e.80.xvi.3	PROPN
ftr-365	377	2	(	(	PUNCT
ftr-365	377	3	1980	1980	NUM
ftr-365	377	4	)	)	PUNCT
ftr-365	378	1	[	[	X
ftr-365	378	2	hereinafter	hereinafter	NOUN
ftr-365	378	3	“	"	PUNCT
ftr-365	378	4	u.n	u.n	PROPN
ftr-365	378	5	.	.	PROPN
ftr-365	378	6	model	model	PROPN
ftr-365	378	7	treaty	treaty	PROPN
ftr-365	378	8	”	"	PUNCT
ftr-365	378	9	]	]	PUNCT
ftr-365	378	10	,	,	PUNCT
ftr-365	378	11	articles	article	NOUN
ftr-365	378	12	7	7	NUM
ftr-365	378	13	,	,	PUNCT
ftr-365	378	14	10	10	NUM
ftr-365	378	15	,	,	PUNCT
ftr-365	378	16	11	11	NUM
ftr-365	378	17	(	(	PUNCT
ftr-365	378	18	following	follow	VERB
ftr-365	378	19	in	in	ADP
ftr-365	378	20	general	general	ADJ
ftr-365	378	21	the	the	DET
ftr-365	378	22	oecd	oecd	PROPN
ftr-365	378	23	model	model	PROPN
ftr-365	378	24	treaty	treaty	PROPN
ftr-365	378	25	,	,	PUNCT
ftr-365	378	26	but	but	CCONJ
ftr-365	378	27	advocating	advocate	VERB
ftr-365	378	28	more	more	ADJ
ftr-365	378	29	source	source	NOUN
ftr-365	378	30	-	-	PUNCT
ftr-365	378	31	based	base	VERB
ftr-365	378	32	taxation	taxation	NOUN
ftr-365	378	33	of	of	ADP
ftr-365	378	34	passive	passive	ADJ
ftr-365	378	35	income	income	NOUN
ftr-365	378	36	)	)	PUNCT
ftr-365	378	37	;	;	PUNCT
ftr-365	378	38	internal	internal	ADJ
ftr-365	378	39	revenue	revenue	NOUN
ftr-365	378	40	service	service	NOUN
ftr-365	378	41	,	,	PUNCT
ftr-365	378	42	u.s	u.s	PROPN
ftr-365	378	43	.	.	PROPN
ftr-365	378	44	treasury	treasury	PROPN
ftr-365	378	45	dep’t	dep’t	PROPN
ftr-365	378	46	convention	convention	NOUN
ftr-365	378	47	between	between	ADP
ftr-365	378	48	the	the	DET
ftr-365	378	49	united	united	PROPN
ftr-365	378	50	states	states	PROPN
ftr-365	378	51	of	of	ADP
ftr-365	378	52	america	america	PROPN
ftr-365	378	53	and	and	CCONJ
ftr-365	378	54	for	for	ADP
ftr-365	378	55	the	the	DET
ftr-365	378	56	avoidance	avoidance	NOUN
ftr-365	378	57	of	of	ADP
ftr-365	378	58	double	double	ADJ
ftr-365	378	59	taxation	taxation	NOUN
ftr-365	378	60	and	and	CCONJ
ftr-365	378	61	the	the	DET
ftr-365	378	62	prevention	prevention	NOUN
ftr-365	378	63	of	of	ADP
ftr-365	378	64	fiscal	fiscal	ADJ
ftr-365	378	65	evasion	evasion	NOUN
ftr-365	378	66	with	with	ADP
ftr-365	378	67	respect	respect	NOUN
ftr-365	378	68	to	to	ADP
ftr-365	378	69	taxes	taxis	NOUN
ftr-365	378	70	on	on	ADP
ftr-365	378	71	income	income	NOUN
ftr-365	378	72	and	and	CCONJ
ftr-365	378	73	capital	capital	NOUN
ftr-365	378	74	,	,	PUNCT
ftr-365	378	75	1	1	NUM
ftr-365	378	76	tax	tax	NOUN
ftr-365	378	77	treaties	treaty	NOUN
ftr-365	378	78	(	(	PUNCT
ftr-365	378	79	1996	1996	NUM
ftr-365	378	80	)	)	PUNCT
ftr-365	379	1	[	[	X
ftr-365	379	2	hereinafter	hereinafter	NOUN
ftr-365	379	3	“	"	PUNCT
ftr-365	379	4	u.s	u.s	PROPN
ftr-365	379	5	.	.	PROPN
ftr-365	379	6	model	model	PROPN
ftr-365	379	7	treaty	treaty	PROPN
ftr-365	379	8	”	"	PUNCT
ftr-365	379	9	]	]	PUNCT
ftr-365	379	10	,	,	PUNCT
ftr-365	379	11	articles	article	NOUN
ftr-365	379	12	7	7	NUM
ftr-365	379	13	,	,	PUNCT
ftr-365	379	14	10	10	NUM
ftr-365	379	15	and	and	CCONJ
ftr-365	379	16	11	11	NUM
ftr-365	379	17	(	(	PUNCT
ftr-365	379	18	applying	apply	VERB
ftr-365	379	19	the	the	DET
ftr-365	379	20	same	same	ADJ
ftr-365	379	21	principles	principle	NOUN
ftr-365	379	22	)	)	PUNCT
ftr-365	379	23	.	.	PUNCT
ftr-365	380	1	84	84	NUM
ftr-365	380	2	.	.	PUNCT
ftr-365	381	1	oecd	oecd	PROPN
ftr-365	381	2	model	model	PROPN
ftr-365	381	3	treaty	treaty	PROPN
ftr-365	381	4	,	,	PUNCT
ftr-365	381	5	articles	article	NOUN
ftr-365	381	6	5	5	NUM
ftr-365	381	7	and	and	CCONJ
ftr-365	381	8	7	7	NUM
ftr-365	381	9	;	;	PUNCT
ftr-365	381	10	u.n	u.n	PROPN
ftr-365	381	11	.	.	PROPN
ftr-365	381	12	model	model	PROPN
ftr-365	381	13	treaty	treaty	PROPN
ftr-365	381	14	,	,	PUNCT
ftr-365	381	15	articles	article	NOUN
ftr-365	381	16	5	5	NUM
ftr-365	381	17	and	and	CCONJ
ftr-365	381	18	2008	2008	NUM
ftr-365	381	19	]	]	PUNCT
ftr-365	381	20	the	the	DET
ftr-365	381	21	case	case	NOUN
ftr-365	381	22	for	for	ADP
ftr-365	381	23	residency	residency	NOUN
ftr-365	381	24	-	-	PUNCT
ftr-365	381	25	based	base	VERB
ftr-365	381	26	taxation	taxation	NOUN
ftr-365	381	27	17	17	NUM
ftr-365	381	28	right	right	ADV
ftr-365	381	29	to	to	PART
ftr-365	381	30	tax	tax	VERB
ftr-365	381	31	the	the	DET
ftr-365	381	32	income	income	NOUN
ftr-365	381	33	that	that	PRON
ftr-365	381	34	is	be	AUX
ftr-365	381	35	attributable	attributable	ADJ
ftr-365	381	36	to	to	ADP
ftr-365	381	37	that	that	DET
ftr-365	381	38	operation	operation	NOUN
ftr-365	381	39	;	;	PUNCT
ftr-365	381	40	and	and	CCONJ
ftr-365	381	41	(	(	PUNCT
ftr-365	381	42	ii	ii	NOUN
ftr-365	381	43	)	)	PUNCT
ftr-365	381	44	seek	seek	VERB
ftr-365	381	45	to	to	PART
ftr-365	381	46	reduce	reduce	VERB
ftr-365	381	47	as	as	ADV
ftr-365	381	48	much	much	ADJ
ftr-365	381	49	as	as	ADP
ftr-365	381	50	possible	possible	ADJ
ftr-365	381	51	the	the	DET
ftr-365	381	52	taxes	taxis	NOUN
ftr-365	381	53	levied	levy	VERB
ftr-365	381	54	by	by	ADP
ftr-365	381	55	the	the	DET
ftr-365	381	56	source	source	NOUN
ftr-365	381	57	country	country	NOUN
ftr-365	381	58	on	on	ADP
ftr-365	381	59	passive	passive	ADJ
ftr-365	381	60	income	income	NOUN
ftr-365	381	61	(	(	PUNCT
ftr-365	381	62	such	such	ADJ
ftr-365	381	63	as	as	ADP
ftr-365	381	64	income	income	NOUN
ftr-365	381	65	from	from	ADP
ftr-365	381	66	dividends	dividend	NOUN
ftr-365	381	67	,	,	PUNCT
ftr-365	381	68	interest	interest	NOUN
ftr-365	381	69	,	,	PUNCT
ftr-365	381	70	and	and	CCONJ
ftr-365	381	71	royalties	royalty	NOUN
ftr-365	381	72	)	)	PUNCT
ftr-365	381	73	derived	derive	VERB
ftr-365	381	74	from	from	ADP
ftr-365	381	75	within	within	ADP
ftr-365	381	76	it	it	PRON
ftr-365	381	77	,	,	PUNCT
ftr-365	381	78	leaving	leave	VERB
ftr-365	381	79	the	the	DET
ftr-365	381	80	right	right	NOUN
ftr-365	381	81	to	to	PART
ftr-365	381	82	tax	tax	VERB
ftr-365	381	83	that	that	DET
ftr-365	381	84	income	income	NOUN
ftr-365	381	85	to	to	ADP
ftr-365	381	86	the	the	DET
ftr-365	381	87	residency	residency	NOUN
ftr-365	381	88	country	country	NOUN
ftr-365	381	89	.	.	PUNCT
ftr-365	381	90	85	85	NUM
ftr-365	381	91	according	accord	VERB
ftr-365	381	92	to	to	ADP
ftr-365	381	93	professor	professor	NOUN
ftr-365	381	94	avi	avi	PROPN
ftr-365	381	95	yonah	yonah	PROPN
ftr-365	381	96	(	(	PUNCT
ftr-365	381	97	1996	1996	NUM
ftr-365	381	98	)	)	PUNCT
ftr-365	381	99	,	,	PUNCT
ftr-365	381	100	however	however	ADV
ftr-365	381	101	,	,	PUNCT
ftr-365	381	102	the	the	DET
ftr-365	381	103	tax	tax	NOUN
ftr-365	381	104	treaties	treaty	NOUN
ftr-365	381	105	do	do	AUX
ftr-365	381	106	not	not	PART
ftr-365	381	107	completely	completely	ADV
ftr-365	381	108	achieve	achieve	VERB
ftr-365	381	109	their	their	PRON
ftr-365	381	110	goal	goal	NOUN
ftr-365	381	111	of	of	ADP
ftr-365	381	112	dividing	divide	VERB
ftr-365	381	113	the	the	DET
ftr-365	381	114	worldwide	worldwide	ADJ
ftr-365	381	115	taxing	tax	VERB
ftr-365	381	116	jurisdiction	jurisdiction	NOUN
ftr-365	381	117	between	between	ADP
ftr-365	381	118	source	source	NOUN
ftr-365	381	119	and	and	CCONJ
ftr-365	381	120	residence	residence	NOUN
ftr-365	381	121	countries	country	NOUN
ftr-365	381	122	for	for	ADP
ftr-365	381	123	the	the	DET
ftr-365	381	124	following	follow	VERB
ftr-365	381	125	two	two	NUM
ftr-365	381	126	reasons	reason	NOUN
ftr-365	381	127	.	.	PUNCT
ftr-365	382	1	86	86	NUM
ftr-365	382	2	first	first	ADV
ftr-365	382	3	,	,	PUNCT
ftr-365	382	4	the	the	DET
ftr-365	382	5	permanent	permanent	ADJ
ftr-365	382	6	establishment	establishment	NOUN
ftr-365	382	7	concept	concept	NOUN
ftr-365	382	8	reflects	reflect	VERB
ftr-365	382	9	a	a	DET
ftr-365	382	10	compromise	compromise	NOUN
ftr-365	382	11	;	;	PUNCT
ftr-365	382	12	not	not	PART
ftr-365	382	13	all	all	PRON
ftr-365	382	14	active	active	ADJ
ftr-365	382	15	business	business	NOUN
ftr-365	382	16	income	income	NOUN
ftr-365	382	17	is	be	AUX
ftr-365	382	18	taxable	taxable	ADJ
ftr-365	382	19	primarily	primarily	ADV
ftr-365	382	20	by	by	ADP
ftr-365	382	21	the	the	DET
ftr-365	382	22	source	source	NOUN
ftr-365	382	23	country	country	NOUN
ftr-365	382	24	because	because	SCONJ
ftr-365	382	25	the	the	DET
ftr-365	382	26	source	source	NOUN
ftr-365	382	27	country	country	NOUN
ftr-365	382	28	imposes	impose	VERB
ftr-365	382	29	tax	tax	NOUN
ftr-365	382	30	on	on	ADP
ftr-365	382	31	only	only	ADJ
ftr-365	382	32	income	income	NOUN
ftr-365	382	33	that	that	PRON
ftr-365	382	34	is	be	AUX
ftr-365	382	35	attributable	attributable	ADJ
ftr-365	382	36	to	to	ADP
ftr-365	382	37	a	a	DET
ftr-365	382	38	permanent	permanent	ADJ
ftr-365	382	39	establishment	establishment	NOUN
ftr-365	382	40	.	.	PUNCT
ftr-365	383	1	87	87	NUM
ftr-365	383	2	second	second	ADJ
ftr-365	383	3	,	,	PUNCT
ftr-365	383	4	the	the	DET
ftr-365	383	5	taxation	taxation	NOUN
ftr-365	383	6	of	of	ADP
ftr-365	383	7	passive	passive	ADJ
ftr-365	383	8	income	income	NOUN
ftr-365	383	9	at	at	ADP
ftr-365	383	10	its	its	PRON
ftr-365	383	11	source	source	NOUN
ftr-365	383	12	is	be	AUX
ftr-365	383	13	not	not	PART
ftr-365	383	14	completely	completely	ADV
ftr-365	383	15	abolished	abolish	VERB
ftr-365	383	16	,	,	PUNCT
ftr-365	383	17	but	but	CCONJ
ftr-365	383	18	is	be	AUX
ftr-365	383	19	reduced	reduce	VERB
ftr-365	383	20	in	in	ADP
ftr-365	383	21	most	most	ADJ
ftr-365	383	22	treaties	treaty	NOUN
ftr-365	383	23	to	to	ADP
ftr-365	383	24	the	the	DET
ftr-365	383	25	lowest	low	ADJ
ftr-365	383	26	possible	possible	ADJ
ftr-365	383	27	levels	level	NOUN
ftr-365	383	28	(	(	PUNCT
ftr-365	383	29	0%-15	0%-15	NUM
ftr-365	383	30	%	%	NOUN
ftr-365	383	31	)	)	PUNCT
ftr-365	383	32	.	.	PUNCT
ftr-365	384	1	d.	d.	PROPN
ftr-365	384	2	the	the	DET
ftr-365	384	3	rationale	rationale	NOUN
ftr-365	384	4	behind	behind	ADP
ftr-365	384	5	the	the	DET
ftr-365	384	6	active	active	ADJ
ftr-365	384	7	/	/	SYM
ftr-365	384	8	passive	passive	ADJ
ftr-365	384	9	distinction	distinction	NOUN
ftr-365	384	10	in	in	ADP
ftr-365	384	11	general	general	ADJ
ftr-365	384	12	,	,	PUNCT
ftr-365	384	13	the	the	DET
ftr-365	384	14	different	different	ADJ
ftr-365	384	15	treatment	treatment	NOUN
ftr-365	384	16	of	of	ADP
ftr-365	384	17	active	active	ADJ
ftr-365	384	18	and	and	CCONJ
ftr-365	384	19	passive	passive	ADJ
ftr-365	384	20	income	income	NOUN
ftr-365	384	21	in	in	ADP
ftr-365	384	22	domestic	domestic	ADJ
ftr-365	384	23	laws	law	NOUN
ftr-365	384	24	and	and	CCONJ
ftr-365	384	25	tax	tax	NOUN
ftr-365	384	26	treaties	treaty	NOUN
ftr-365	384	27	has	have	AUX
ftr-365	384	28	been	be	AUX
ftr-365	384	29	justified	justify	VERB
ftr-365	384	30	on	on	ADP
ftr-365	384	31	several	several	ADJ
ftr-365	384	32	grounds	ground	NOUN
ftr-365	384	33	.	.	PUNCT
ftr-365	385	1	first	first	ADV
ftr-365	385	2	,	,	PUNCT
ftr-365	385	3	the	the	DET
ftr-365	385	4	taxation	taxation	NOUN
ftr-365	385	5	of	of	ADP
ftr-365	385	6	active	active	ADJ
ftr-365	385	7	business	business	NOUN
ftr-365	385	8	income	income	NOUN
ftr-365	385	9	represents	represent	VERB
ftr-365	385	10	the	the	DET
ftr-365	385	11	taxation	taxation	NOUN
ftr-365	385	12	of	of	ADP
ftr-365	385	13	the	the	DET
ftr-365	385	14	profits	profit	NOUN
ftr-365	385	15	of	of	ADP
ftr-365	385	16	the	the	DET
ftr-365	385	17	firm	firm	NOUN
ftr-365	385	18	,	,	PUNCT
ftr-365	385	19	while	while	SCONJ
ftr-365	385	20	the	the	DET
ftr-365	385	21	taxation	taxation	NOUN
ftr-365	385	22	of	of	ADP
ftr-365	385	23	passive	passive	ADJ
ftr-365	385	24	income	income	NOUN
ftr-365	385	25	represents	represent	VERB
ftr-365	385	26	the	the	DET
ftr-365	385	27	taxation	taxation	NOUN
ftr-365	385	28	of	of	ADP
ftr-365	385	29	the	the	DET
ftr-365	385	30	division	division	NOUN
ftr-365	385	31	of	of	ADP
ftr-365	385	32	those	those	DET
ftr-365	385	33	profits	profit	NOUN
ftr-365	385	34	.	.	PUNCT
ftr-365	386	1	88	88	NUM
ftr-365	386	2	second	second	ADJ
ftr-365	386	3	,	,	PUNCT
ftr-365	386	4	the	the	DET
ftr-365	386	5	generation	generation	NOUN
ftr-365	386	6	of	of	ADP
ftr-365	386	7	active	active	ADJ
ftr-365	386	8	income	income	NOUN
ftr-365	386	9	is	be	AUX
ftr-365	386	10	generally	generally	ADV
ftr-365	386	11	under	under	ADP
ftr-365	386	12	the	the	DET
ftr-365	386	13	taxpayer	taxpayer	NOUN
ftr-365	386	14	’s	’s	PART
ftr-365	386	15	control	control	NOUN
ftr-365	386	16	,	,	PUNCT
ftr-365	386	17	while	while	SCONJ
ftr-365	386	18	passive	passive	ADJ
ftr-365	386	19	income	income	NOUN
ftr-365	386	20	is	be	AUX
ftr-365	386	21	generally	generally	ADV
ftr-365	386	22	in	in	ADP
ftr-365	386	23	the	the	DET
ftr-365	386	24	form	form	NOUN
ftr-365	386	25	of	of	ADP
ftr-365	386	26	“	"	PUNCT
ftr-365	386	27	portfolio	portfolio	NOUN
ftr-365	386	28	”	"	PUNCT
ftr-365	386	29	income	income	NOUN
ftr-365	386	30	.	.	PUNCT
ftr-365	387	1	89	89	NUM
ftr-365	388	1	for	for	ADP
ftr-365	388	2	this	this	DET
ftr-365	388	3	purpose	purpose	NOUN
ftr-365	388	4	,	,	PUNCT
ftr-365	388	5	“	"	PUNCT
ftr-365	388	6	portfolio	portfolio	NOUN
ftr-365	388	7	”	"	PUNCT
ftr-365	388	8	income	income	NOUN
ftr-365	388	9	does	do	AUX
ftr-365	388	10	not	not	PART
ftr-365	388	11	include	include	VERB
ftr-365	388	12	income	income	NOUN
ftr-365	388	13	derived	derive	VERB
ftr-365	388	14	7	7	NUM
ftr-365	388	15	;	;	PUNCT
ftr-365	388	16	u.s	u.s	PROPN
ftr-365	388	17	.	.	PROPN
ftr-365	388	18	model	model	PROPN
ftr-365	388	19	treaty	treaty	PROPN
ftr-365	388	20	,	,	PUNCT
ftr-365	388	21	articles	article	NOUN
ftr-365	388	22	5	5	NUM
ftr-365	388	23	and	and	CCONJ
ftr-365	388	24	7	7	NUM
ftr-365	388	25	(	(	PUNCT
ftr-365	388	26	all	all	PRON
ftr-365	388	27	defining	define	VERB
ftr-365	388	28	the	the	DET
ftr-365	388	29	term	term	NOUN
ftr-365	388	30	“	"	PUNCT
ftr-365	388	31	permanent	permanent	ADJ
ftr-365	388	32	establishment	establishment	NOUN
ftr-365	388	33	”	"	PUNCT
ftr-365	388	34	)	)	PUNCT
ftr-365	388	35	.	.	PUNCT
ftr-365	389	1	the	the	DET
ftr-365	389	2	u.n	u.n	PROPN
ftr-365	389	3	.	.	PROPN
ftr-365	389	4	model	model	PROPN
ftr-365	389	5	treaty	treaty	NOUN
ftr-365	389	6	attempts	attempt	VERB
ftr-365	389	7	to	to	PART
ftr-365	389	8	lower	lower	VERB
ftr-365	389	9	the	the	DET
ftr-365	389	10	threshold	threshold	NOUN
ftr-365	389	11	of	of	ADP
ftr-365	389	12	the	the	DET
ftr-365	389	13	permanent	permanent	ADJ
ftr-365	389	14	establishment	establishment	NOUN
ftr-365	389	15	standard	standard	NOUN
ftr-365	389	16	,	,	PUNCT
ftr-365	389	17	thereby	thereby	ADV
ftr-365	389	18	allowing	allow	VERB
ftr-365	389	19	developing	develop	VERB
ftr-365	389	20	countries	country	NOUN
ftr-365	389	21	more	more	ADV
ftr-365	389	22	sourcebased	sourcebase	VERB
ftr-365	389	23	taxation	taxation	NOUN
ftr-365	389	24	.	.	PUNCT
ftr-365	390	1	85	85	NUM
ftr-365	390	2	.	.	PUNCT
ftr-365	391	1	see	see	VERB
ftr-365	391	2	oecd	oecd	PROPN
ftr-365	391	3	model	model	PROPN
ftr-365	391	4	treaty	treaty	PROPN
ftr-365	391	5	,	,	PUNCT
ftr-365	391	6	articles	article	NOUN
ftr-365	391	7	10(2)(b	10(2)(b	NUM
ftr-365	391	8	)	)	PUNCT
ftr-365	391	9	(	(	PUNCT
ftr-365	391	10	dividends	dividend	NOUN
ftr-365	391	11	)	)	PUNCT
ftr-365	391	12	,	,	PUNCT
ftr-365	391	13	11(2	11(2	X
ftr-365	391	14	)	)	PUNCT
ftr-365	391	15	(	(	PUNCT
ftr-365	391	16	interest	interest	NOUN
ftr-365	391	17	)	)	PUNCT
ftr-365	391	18	and	and	CCONJ
ftr-365	391	19	12(1	12(1	NUM
ftr-365	391	20	)	)	PUNCT
ftr-365	391	21	(	(	PUNCT
ftr-365	391	22	royalties	royalty	NOUN
ftr-365	391	23	)	)	PUNCT
ftr-365	391	24	;	;	PUNCT
ftr-365	391	25	u.n	u.n	PROPN
ftr-365	391	26	.	.	PROPN
ftr-365	391	27	model	model	PROPN
ftr-365	391	28	treaty	treaty	PROPN
ftr-365	391	29	,	,	PUNCT
ftr-365	391	30	articles	article	VERB
ftr-365	391	31	10	10	NUM
ftr-365	391	32	-	-	SYM
ftr-365	391	33	12	12	NUM
ftr-365	391	34	;	;	PUNCT
ftr-365	391	35	u.s	u.s	PROPN
ftr-365	391	36	.	.	PROPN
ftr-365	391	37	model	model	PROPN
ftr-365	391	38	treaty	treaty	PROPN
ftr-365	391	39	,	,	PUNCT
ftr-365	391	40	articles	article	VERB
ftr-365	391	41	10	10	NUM
ftr-365	391	42	-	-	SYM
ftr-365	391	43	12	12	NUM
ftr-365	391	44	.	.	PUNCT
ftr-365	391	45	86	86	NUM
ftr-365	391	46	.	.	PUNCT
ftr-365	392	1	avi	avi	VERB
ftr-365	392	2	-	-	PUNCT
ftr-365	392	3	yonah	yonah	NOUN
ftr-365	392	4	(	(	PUNCT
ftr-365	392	5	1996	1996	NUM
ftr-365	392	6	)	)	PUNCT
ftr-365	392	7	,	,	PUNCT
ftr-365	392	8	supra	supra	PROPN
ftr-365	392	9	note	note	PROPN
ftr-365	392	10	7	7	NUM
ftr-365	392	11	,	,	PUNCT
ftr-365	392	12	at	at	ADP
ftr-365	392	13	1307	1307	NUM
ftr-365	392	14	-	-	SYM
ftr-365	392	15	08	08	NUM
ftr-365	392	16	.	.	PUNCT
ftr-365	393	1	87	87	NUM
ftr-365	393	2	.	.	PUNCT
ftr-365	394	1	some	some	DET
ftr-365	394	2	treaties	treaty	NOUN
ftr-365	394	3	,	,	PUNCT
ftr-365	394	4	especially	especially	ADV
ftr-365	394	5	the	the	DET
ftr-365	394	6	u.n	u.n	PROPN
ftr-365	394	7	.	.	PROPN
ftr-365	394	8	model	model	PROPN
ftr-365	394	9	treaty	treaty	PROPN
ftr-365	394	10	,	,	PUNCT
ftr-365	394	11	contain	contain	VERB
ftr-365	394	12	a	a	DET
ftr-365	394	13	“	"	PUNCT
ftr-365	394	14	force	force	NOUN
ftr-365	394	15	of	of	ADP
ftr-365	394	16	attraction	attraction	NOUN
ftr-365	394	17	”	"	PUNCT
ftr-365	394	18	rule	rule	NOUN
ftr-365	394	19	,	,	PUNCT
ftr-365	394	20	as	as	SCONJ
ftr-365	394	21	discussed	discuss	VERB
ftr-365	394	22	below	below	ADV
ftr-365	394	23	.	.	PUNCT
ftr-365	395	1	88	88	NUM
ftr-365	395	2	.	.	PUNCT
ftr-365	396	1	michael	michael	PROPN
ftr-365	396	2	graetz	graetz	PROPN
ftr-365	396	3	and	and	CCONJ
ftr-365	396	4	itai	itai	PROPN
ftr-365	396	5	grinberg	grinberg	PROPN
ftr-365	396	6	,	,	PUNCT
ftr-365	396	7	taxing	tax	VERB
ftr-365	396	8	international	international	ADJ
ftr-365	396	9	portfolio	portfolio	NOUN
ftr-365	396	10	income	income	NOUN
ftr-365	396	11	,	,	PUNCT
ftr-365	396	12	56	56	NUM
ftr-365	396	13	tax	tax	NOUN
ftr-365	396	14	l.	l.	PROPN
ftr-365	396	15	rev	rev	PROPN
ftr-365	396	16	.	.	PROPN
ftr-365	396	17	537	537	NUM
ftr-365	396	18	,	,	PUNCT
ftr-365	396	19	547	547	NUM
ftr-365	396	20	(	(	PUNCT
ftr-365	396	21	2003	2003	NUM
ftr-365	396	22	)	)	PUNCT
ftr-365	396	23	(	(	PUNCT
ftr-365	396	24	“	"	PUNCT
ftr-365	396	25	it	it	PRON
ftr-365	396	26	may	may	AUX
ftr-365	396	27	be	be	AUX
ftr-365	396	28	simpler	simple	ADJ
ftr-365	396	29	analytically	analytically	ADV
ftr-365	396	30	,	,	PUNCT
ftr-365	396	31	however	however	ADV
ftr-365	396	32	,	,	PUNCT
ftr-365	396	33	to	to	PART
ftr-365	396	34	regard	regard	VERB
ftr-365	396	35	income	income	NOUN
ftr-365	396	36	from	from	ADP
ftr-365	396	37	[	[	PUNCT
ftr-365	396	38	foreign	foreign	ADJ
ftr-365	396	39	direct	direct	ADJ
ftr-365	396	40	income	income	NOUN
ftr-365	396	41	]	]	PUNCT
ftr-365	396	42	as	as	ADP
ftr-365	396	43	representing	represent	VERB
ftr-365	396	44	the	the	DET
ftr-365	396	45	profits	profit	NOUN
ftr-365	396	46	from	from	ADP
ftr-365	396	47	conducting	conduct	VERB
ftr-365	396	48	business	business	NOUN
ftr-365	396	49	activities	activity	NOUN
ftr-365	396	50	abroad	abroad	ADV
ftr-365	396	51	the	the	DET
ftr-365	396	52	profits	profit	NOUN
ftr-365	396	53	of	of	ADP
ftr-365	396	54	the	the	DET
ftr-365	396	55	firm	firm	NOUN
ftr-365	396	56	and	and	CCONJ
ftr-365	396	57	income	income	NOUN
ftr-365	396	58	from	from	ADP
ftr-365	396	59	[	[	PUNCT
ftr-365	396	60	foreign	foreign	ADJ
ftr-365	396	61	portfolio	portfolio	NOUN
ftr-365	396	62	income	income	NOUN
ftr-365	396	63	]	]	PUNCT
ftr-365	396	64	as	as	ADP
ftr-365	396	65	representing	represent	VERB
ftr-365	396	66	passive	passive	ADJ
ftr-365	396	67	investment	investment	NOUN
ftr-365	396	68	income	income	NOUN
ftr-365	396	69	the	the	DET
ftr-365	396	70	profits	profit	NOUN
ftr-365	396	71	realized	realize	VERB
ftr-365	396	72	by	by	ADP
ftr-365	396	73	investors	investor	NOUN
ftr-365	396	74	in	in	ADP
ftr-365	396	75	the	the	DET
ftr-365	396	76	firm	firm	NOUN
ftr-365	396	77	.	.	PUNCT
ftr-365	396	78	”	"	PUNCT
ftr-365	396	79	)	)	PUNCT
ftr-365	396	80	.	.	PUNCT
ftr-365	397	1	89	89	NUM
ftr-365	397	2	.	.	PUNCT
ftr-365	398	1	avi	avi	PROPN
ftr-365	398	2	-	-	PUNCT
ftr-365	398	3	yonah	yonah	NOUN
ftr-365	398	4	(	(	PUNCT
ftr-365	398	5	1996	1996	NUM
ftr-365	398	6	)	)	PUNCT
ftr-365	398	7	,	,	PUNCT
ftr-365	398	8	supra	supra	PROPN
ftr-365	398	9	note	note	NOUN
ftr-365	398	10	7	7	NUM
ftr-365	398	11	,	,	PUNCT
ftr-365	398	12	at	at	ADP
ftr-365	398	13	1309	1309	NUM
ftr-365	398	14	.	.	PUNCT
ftr-365	399	1	see	see	VERB
ftr-365	399	2	also	also	ADV
ftr-365	399	3	background	background	NOUN
ftr-365	399	4	and	and	CCONJ
ftr-365	399	5	issues	issue	NOUN
ftr-365	399	6	relating	relate	VERB
ftr-365	399	7	to	to	ADP
ftr-365	399	8	the	the	DET
ftr-365	399	9	taxation	taxation	NOUN
ftr-365	399	10	of	of	ADP
ftr-365	399	11	foreign	foreign	ADJ
ftr-365	399	12	investment	investment	NOUN
ftr-365	399	13	in	in	ADP
ftr-365	399	14	the	the	DET
ftr-365	399	15	united	united	PROPN
ftr-365	399	16	states	states	PROPN
ftr-365	399	17	(	(	PUNCT
ftr-365	399	18	jcs	jcs	PROPN
ftr-365	399	19	1	1	NUM
ftr-365	399	20	-	-	SYM
ftr-365	399	21	90	90	NUM
ftr-365	399	22	)	)	PUNCT
ftr-365	399	23	(	(	PUNCT
ftr-365	399	24	“	"	PUNCT
ftr-365	399	25	the	the	DET
ftr-365	399	26	portfolio	portfolio	NOUN
ftr-365	399	27	investor	investor	NOUN
ftr-365	399	28	generally	generally	ADV
ftr-365	399	29	does	do	AUX
ftr-365	399	30	not	not	PART
ftr-365	399	31	have	have	VERB
ftr-365	399	32	control	control	NOUN
ftr-365	399	33	over	over	ADP
ftr-365	399	34	the	the	DET
ftr-365	399	35	assets	asset	NOUN
ftr-365	399	36	that	that	PRON
ftr-365	399	37	underlie	underlie	VERB
ftr-365	399	38	the	the	DET
ftr-365	399	39	financial	financial	ADJ
ftr-365	399	40	claims	claim	NOUN
ftr-365	399	41	.	.	PUNCT
ftr-365	399	42	”	"	PUNCT
ftr-365	399	43	)	)	PUNCT
ftr-365	399	44	.	.	PUNCT
ftr-365	400	1	18	18	NUM
ftr-365	400	2	florida	florida	PROPN
ftr-365	400	3	tax	tax	NOUN
ftr-365	400	4	review	review	NOUN
ftr-365	400	5	[	[	X
ftr-365	400	6	vol	vol	NOUN
ftr-365	400	7	.	.	PUNCT
ftr-365	400	8	9:1	9:1	NUM
ftr-365	400	9	by	by	ADP
ftr-365	400	10	controlling	control	VERB
ftr-365	400	11	shareholders	shareholder	NOUN
ftr-365	400	12	,	,	PUNCT
ftr-365	400	13	since	since	SCONJ
ftr-365	400	14	in	in	ADP
ftr-365	400	15	such	such	DET
ftr-365	400	16	a	a	DET
ftr-365	400	17	case	case	NOUN
ftr-365	400	18	,	,	PUNCT
ftr-365	400	19	even	even	ADV
ftr-365	400	20	passive	passive	ADJ
ftr-365	400	21	income	income	NOUN
ftr-365	400	22	(	(	PUNCT
ftr-365	400	23	e.g.	e.g.	ADV
ftr-365	400	24	,	,	PUNCT
ftr-365	400	25	dividends	dividend	NOUN
ftr-365	400	26	)	)	PUNCT
ftr-365	400	27	would	would	AUX
ftr-365	400	28	be	be	AUX
ftr-365	400	29	under	under	ADP
ftr-365	400	30	the	the	DET
ftr-365	400	31	control	control	NOUN
ftr-365	400	32	of	of	ADP
ftr-365	400	33	the	the	DET
ftr-365	400	34	recipient	recipient	NOUN
ftr-365	400	35	.	.	PUNCT
ftr-365	401	1	90	90	NUM
ftr-365	401	2	finally	finally	ADV
ftr-365	401	3	,	,	PUNCT
ftr-365	401	4	another	another	DET
ftr-365	401	5	justification	justification	NOUN
ftr-365	401	6	for	for	ADP
ftr-365	401	7	the	the	DET
ftr-365	401	8	distinction	distinction	NOUN
ftr-365	401	9	between	between	ADP
ftr-365	401	10	active	active	ADJ
ftr-365	401	11	and	and	CCONJ
ftr-365	401	12	passive	passive	ADJ
ftr-365	401	13	income	income	NOUN
ftr-365	401	14	relates	relate	VERB
ftr-365	401	15	to	to	ADP
ftr-365	401	16	who	who	PRON
ftr-365	401	17	earns	earn	VERB
ftr-365	401	18	the	the	DET
ftr-365	401	19	income	income	NOUN
ftr-365	401	20	;	;	PUNCT
ftr-365	401	21	while	while	SCONJ
ftr-365	401	22	active	active	ADJ
ftr-365	401	23	income	income	NOUN
ftr-365	401	24	is	be	AUX
ftr-365	401	25	earned	earn	VERB
ftr-365	401	26	basically	basically	ADV
ftr-365	401	27	by	by	ADP
ftr-365	401	28	large	large	ADJ
ftr-365	401	29	,	,	PUNCT
ftr-365	401	30	publiclytraded	publiclytraded	ADJ
ftr-365	401	31	corporations	corporation	NOUN
ftr-365	401	32	,	,	PUNCT
ftr-365	401	33	passive	passive	ADJ
ftr-365	401	34	income	income	NOUN
ftr-365	401	35	is	be	AUX
ftr-365	401	36	earned	earn	VERB
ftr-365	401	37	by	by	ADP
ftr-365	401	38	individuals	individual	NOUN
ftr-365	401	39	or	or	CCONJ
ftr-365	401	40	small	small	ADJ
ftr-365	401	41	entities	entity	NOUN
ftr-365	401	42	.	.	PUNCT
ftr-365	402	1	91	91	NUM
ftr-365	402	2	e.	e.	PROPN
ftr-365	402	3	residency	residency	NOUN
ftr-365	402	4	-	-	PUNCT
ftr-365	402	5	based	base	VERB
ftr-365	402	6	taxation	taxation	NOUN
ftr-365	402	7	while	while	SCONJ
ftr-365	402	8	this	this	DET
ftr-365	402	9	article	article	NOUN
ftr-365	402	10	suggests	suggest	VERB
ftr-365	402	11	residency	residency	NOUN
ftr-365	402	12	-	-	PUNCT
ftr-365	402	13	based	base	VERB
ftr-365	402	14	taxation	taxation	NOUN
ftr-365	402	15	only	only	ADV
ftr-365	402	16	for	for	ADP
ftr-365	402	17	financial	financial	ADJ
ftr-365	402	18	transactions	transaction	NOUN
ftr-365	402	19	,	,	PUNCT
ftr-365	402	20	some	some	PRON
ftr-365	402	21	of	of	ADP
ftr-365	402	22	the	the	DET
ftr-365	402	23	arguments	argument	NOUN
ftr-365	402	24	for	for	ADP
ftr-365	402	25	more	more	ADJ
ftr-365	402	26	general	general	ADJ
ftr-365	402	27	residency	residency	NOUN
ftr-365	402	28	-	-	PUNCT
ftr-365	402	29	based	base	VERB
ftr-365	402	30	taxation	taxation	NOUN
ftr-365	402	31	principles	principle	NOUN
ftr-365	402	32	may	may	AUX
ftr-365	402	33	also	also	ADV
ftr-365	402	34	support	support	VERB
ftr-365	402	35	this	this	DET
ftr-365	402	36	article	article	NOUN
ftr-365	402	37	’s	’s	PART
ftr-365	402	38	conclusions	conclusion	NOUN
ftr-365	402	39	.	.	PUNCT
ftr-365	403	1	92	92	NUM
ftr-365	403	2	many	many	ADJ
ftr-365	403	3	commentators	commentator	NOUN
ftr-365	403	4	over	over	ADP
ftr-365	403	5	the	the	DET
ftr-365	403	6	years	year	NOUN
ftr-365	403	7	have	have	AUX
ftr-365	403	8	advocated	advocate	VERB
ftr-365	403	9	the	the	DET
ftr-365	403	10	adoption	adoption	NOUN
ftr-365	403	11	of	of	ADP
ftr-365	403	12	pure	pure	ADJ
ftr-365	403	13	residency	residency	NOUN
ftr-365	403	14	-	-	PUNCT
ftr-365	403	15	based	base	VERB
ftr-365	403	16	taxation	taxation	NOUN
ftr-365	403	17	.	.	PUNCT
ftr-365	404	1	93	93	NUM
ftr-365	404	2	as	as	SCONJ
ftr-365	404	3	set	set	VERB
ftr-365	404	4	forth	forth	ADV
ftr-365	404	5	above	above	ADV
ftr-365	404	6	,	,	PUNCT
ftr-365	404	7	one	one	NUM
ftr-365	404	8	of	of	ADP
ftr-365	404	9	the	the	DET
ftr-365	404	10	major	major	ADJ
ftr-365	404	11	arguments	argument	NOUN
ftr-365	404	12	in	in	ADP
ftr-365	404	13	support	support	NOUN
ftr-365	404	14	for	for	ADP
ftr-365	404	15	a	a	DET
ftr-365	404	16	residency	residency	NOUN
ftr-365	404	17	-	-	PUNCT
ftr-365	404	18	based	base	VERB
ftr-365	404	19	regime	regime	NOUN
ftr-365	404	20	is	be	AUX
ftr-365	404	21	that	that	SCONJ
ftr-365	404	22	it	it	PRON
ftr-365	404	23	promotes	promote	VERB
ftr-365	404	24	equity	equity	NOUN
ftr-365	404	25	since	since	SCONJ
ftr-365	404	26	the	the	DET
ftr-365	404	27	ability	ability	NOUN
ftr-365	404	28	-	-	PUNCT
ftr-365	404	29	to	to	ADP
ftr-365	404	30	-	-	PUNCT
ftr-365	404	31	pay	pay	NOUN
ftr-365	404	32	principle	principle	NOUN
ftr-365	404	33	is	be	AUX
ftr-365	404	34	violated	violate	VERB
ftr-365	404	35	in	in	ADP
ftr-365	404	36	a	a	DET
ftr-365	404	37	sourcebased	sourcebase	VERB
ftr-365	404	38	taxation	taxation	NOUN
ftr-365	404	39	regime	regime	NOUN
ftr-365	404	40	.	.	PUNCT
ftr-365	405	1	94	94	NUM
ftr-365	406	1	furthermore	furthermore	ADV
ftr-365	406	2	,	,	PUNCT
ftr-365	406	3	it	it	PRON
ftr-365	406	4	is	be	AUX
ftr-365	406	5	generally	generally	ADV
ftr-365	406	6	accepted	accept	VERB
ftr-365	406	7	that	that	SCONJ
ftr-365	406	8	a	a	DET
ftr-365	406	9	pure	pure	ADJ
ftr-365	406	10	residency	residency	NOUN
ftr-365	406	11	-	-	PUNCT
ftr-365	406	12	based	base	VERB
ftr-365	406	13	regime	regime	NOUN
ftr-365	406	14	is	be	AUX
ftr-365	406	15	more	more	ADV
ftr-365	406	16	efficient	efficient	ADJ
ftr-365	406	17	because	because	SCONJ
ftr-365	406	18	it	it	PRON
ftr-365	406	19	is	be	AUX
ftr-365	406	20	compatible	compatible	ADJ
ftr-365	406	21	with	with	ADP
ftr-365	406	22	the	the	DET
ftr-365	406	23	goal	goal	NOUN
ftr-365	406	24	of	of	ADP
ftr-365	406	25	capital	capital	NOUN
ftr-365	406	26	export	export	NOUN
ftr-365	406	27	neutrality	neutrality	NOUN
ftr-365	406	28	(	(	PUNCT
ftr-365	406	29	cen	cen	PROPN
ftr-365	406	30	)	)	PUNCT
ftr-365	406	31	,	,	PUNCT
ftr-365	406	32	which	which	PRON
ftr-365	406	33	requires	require	VERB
ftr-365	406	34	that	that	SCONJ
ftr-365	406	35	the	the	DET
ftr-365	406	36	decision	decision	NOUN
ftr-365	406	37	to	to	PART
ftr-365	406	38	invest	invest	VERB
ftr-365	406	39	in	in	ADP
ftr-365	406	40	a	a	DET
ftr-365	406	41	given	give	VERB
ftr-365	406	42	location	location	NOUN
ftr-365	406	43	not	not	PART
ftr-365	406	44	be	be	AUX
ftr-365	406	45	affected	affect	VERB
ftr-365	406	46	by	by	ADP
ftr-365	406	47	tax	tax	NOUN
ftr-365	406	48	rates	rate	NOUN
ftr-365	406	49	.	.	PUNCT
ftr-365	407	1	95	95	NUM
ftr-365	408	1	thus	thus	ADV
ftr-365	408	2	,	,	PUNCT
ftr-365	408	3	as	as	SCONJ
ftr-365	408	4	a	a	DET
ftr-365	408	5	commentator	commentator	NOUN
ftr-365	408	6	observed	observe	VERB
ftr-365	408	7	,	,	PUNCT
ftr-365	408	8	elimination	elimination	NOUN
ftr-365	408	9	of	of	ADP
ftr-365	408	10	withholding	withholding	NOUN
ftr-365	408	11	taxes	taxis	NOUN
ftr-365	408	12	by	by	ADP
ftr-365	408	13	the	the	DET
ftr-365	408	14	source	source	NOUN
ftr-365	408	15	country	country	NOUN
ftr-365	408	16	promotes	promote	VERB
ftr-365	408	17	optimal	optimal	ADJ
ftr-365	408	18	allocation	allocation	NOUN
ftr-365	408	19	of	of	ADP
ftr-365	408	20	capital	capital	NOUN
ftr-365	408	21	investment	investment	NOUN
ftr-365	408	22	across	across	ADP
ftr-365	408	23	countries	country	NOUN
ftr-365	408	24	:	:	PUNCT
ftr-365	409	1	90	90	NUM
ftr-365	409	2	.	.	PUNCT
ftr-365	410	1	i	i	PRON
ftr-365	410	2	d.	d.	PROPN
ftr-365	410	3	91	91	NUM
ftr-365	410	4	.	.	PUNCT
ftr-365	411	1	graetz	graetz	PROPN
ftr-365	411	2	&	&	CCONJ
ftr-365	411	3	grinberg	grinberg	PROPN
ftr-365	411	4	(	(	PUNCT
ftr-365	411	5	2003	2003	NUM
ftr-365	411	6	)	)	PUNCT
ftr-365	411	7	,	,	PUNCT
ftr-365	411	8	supra	supra	PROPN
ftr-365	411	9	note	note	PROPN
ftr-365	411	10	88	88	NUM
ftr-365	411	11	,	,	PUNCT
ftr-365	411	12	at	at	ADP
ftr-365	411	13	547	547	NUM
ftr-365	411	14	(	(	PUNCT
ftr-365	411	15	“	"	PUNCT
ftr-365	411	16	foreign	foreign	ADJ
ftr-365	411	17	portfolio	portfolio	NOUN
ftr-365	411	18	income	income	NOUN
ftr-365	411	19	often	often	ADV
ftr-365	411	20	is	be	AUX
ftr-365	411	21	earned	earn	VERB
ftr-365	411	22	today	today	NOUN
ftr-365	411	23	by	by	ADP
ftr-365	411	24	both	both	DET
ftr-365	411	25	individuals	individual	NOUN
ftr-365	411	26	and	and	CCONJ
ftr-365	411	27	corporations	corporation	NOUN
ftr-365	411	28	,	,	PUNCT
ftr-365	411	29	while	while	SCONJ
ftr-365	411	30	fdi	fdi	NOUN
ftr-365	411	31	virtually	virtually	ADV
ftr-365	411	32	always	always	ADV
ftr-365	411	33	is	be	AUX
ftr-365	411	34	made	make	VERB
ftr-365	411	35	by	by	ADP
ftr-365	411	36	corporations	corporation	NOUN
ftr-365	411	37	.	.	PUNCT
ftr-365	411	38	”	"	PUNCT
ftr-365	411	39	)	)	PUNCT
ftr-365	411	40	.	.	PUNCT
ftr-365	412	1	92	92	NUM
ftr-365	412	2	.	.	PUNCT
ftr-365	413	1	see	see	VERB
ftr-365	413	2	generally	generally	ADV
ftr-365	413	3	,	,	PUNCT
ftr-365	413	4	graetz	graetz	PROPN
ftr-365	413	5	&	&	CCONJ
ftr-365	413	6	o’hear	o’hear	PROPN
ftr-365	413	7	(	(	PUNCT
ftr-365	413	8	1997	1997	NUM
ftr-365	413	9	)	)	PUNCT
ftr-365	413	10	,	,	PUNCT
ftr-365	413	11	supra	supra	PROPN
ftr-365	413	12	note	note	VERB
ftr-365	413	13	45	45	NUM
ftr-365	413	14	,	,	PUNCT
ftr-365	413	15	at	at	ADP
ftr-365	413	16	1033	1033	NUM
ftr-365	413	17	-	-	SYM
ftr-365	413	18	41	41	NUM
ftr-365	413	19	(	(	PUNCT
ftr-365	413	20	describing	describe	VERB
ftr-365	413	21	the	the	DET
ftr-365	413	22	history	history	NOUN
ftr-365	413	23	of	of	ADP
ftr-365	413	24	the	the	DET
ftr-365	413	25	united	united	PROPN
ftr-365	413	26	states	states	PROPN
ftr-365	413	27	’	'	PUNCT
ftr-365	413	28	international	international	ADJ
ftr-365	413	29	tax	tax	NOUN
ftr-365	413	30	policy	policy	NOUN
ftr-365	413	31	and	and	CCONJ
ftr-365	413	32	the	the	DET
ftr-365	413	33	support	support	NOUN
ftr-365	413	34	for	for	ADP
ftr-365	413	35	the	the	DET
ftr-365	413	36	residency	residency	NOUN
ftr-365	413	37	-	-	PUNCT
ftr-365	413	38	based	base	VERB
ftr-365	413	39	regime	regime	NOUN
ftr-365	413	40	)	)	PUNCT
ftr-365	413	41	.	.	PUNCT
ftr-365	414	1	93	93	NUM
ftr-365	414	2	.	.	PUNCT
ftr-365	415	1	robert	robert	PROPN
ftr-365	415	2	a.	a.	PROPN
ftr-365	415	3	green	green	PROPN
ftr-365	415	4	,	,	PUNCT
ftr-365	415	5	the	the	DET
ftr-365	415	6	future	future	NOUN
ftr-365	415	7	of	of	ADP
ftr-365	415	8	source	source	NOUN
ftr-365	415	9	-	-	PUNCT
ftr-365	415	10	based	base	VERB
ftr-365	415	11	taxation	taxation	NOUN
ftr-365	415	12	of	of	ADP
ftr-365	415	13	the	the	DET
ftr-365	415	14	income	income	NOUN
ftr-365	415	15	of	of	ADP
ftr-365	415	16	multinational	multinational	ADJ
ftr-365	415	17	enterprises	enterprise	NOUN
ftr-365	415	18	,	,	PUNCT
ftr-365	415	19	79	79	NUM
ftr-365	415	20	cornell	cornell	PROPN
ftr-365	415	21	l.	l.	PROPN
ftr-365	415	22	rev	rev	PROPN
ftr-365	415	23	.	.	PROPN
ftr-365	415	24	18	18	NUM
ftr-365	415	25	,	,	PUNCT
ftr-365	415	26	29	29	NUM
ftr-365	415	27	(	(	PUNCT
ftr-365	415	28	1993	1993	NUM
ftr-365	415	29	)	)	PUNCT
ftr-365	415	30	.	.	PUNCT
ftr-365	416	1	94	94	X
ftr-365	416	2	.	.	PUNCT
ftr-365	417	1	i	i	PRON
ftr-365	417	2	d.	d.	PROPN
ftr-365	417	3	95	95	NUM
ftr-365	417	4	.	.	PUNCT
ftr-365	418	1	graetz	graetz	PROPN
ftr-365	418	2	(	(	PUNCT
ftr-365	418	3	2001	2001	NUM
ftr-365	418	4	)	)	PUNCT
ftr-365	418	5	,	,	PUNCT
ftr-365	418	6	supra	supra	PROPN
ftr-365	418	7	note	note	VERB
ftr-365	418	8	59	59	NUM
ftr-365	418	9	,	,	PUNCT
ftr-365	418	10	at	at	ADP
ftr-365	418	11	270	270	NUM
ftr-365	418	12	(	(	PUNCT
ftr-365	418	13	“	"	PUNCT
ftr-365	418	14	achieving	achieve	VERB
ftr-365	418	15	[	[	X
ftr-365	418	16	worldwide	worldwide	ADV
ftr-365	418	17	]	]	PUNCT
ftr-365	418	18	efficiency	efficiency	NOUN
ftr-365	418	19	typically	typically	ADV
ftr-365	418	20	is	be	AUX
ftr-365	418	21	said	say	VERB
ftr-365	418	22	to	to	PART
ftr-365	418	23	involve	involve	VERB
ftr-365	418	24	two	two	NUM
ftr-365	418	25	kinds	kind	NOUN
ftr-365	418	26	of	of	ADP
ftr-365	418	27	neutralities	neutrality	NOUN
ftr-365	418	28	.	.	PUNCT
ftr-365	419	1	the	the	DET
ftr-365	419	2	first	first	ADJ
ftr-365	419	3	is	be	AUX
ftr-365	419	4	capital	capital	NOUN
ftr-365	419	5	export	export	NOUN
ftr-365	419	6	neutrality	neutrality	NOUN
ftr-365	419	7	(	(	PUNCT
ftr-365	419	8	cen	cen	PROPN
ftr-365	419	9	)	)	PUNCT
ftr-365	419	10	,	,	PUNCT
ftr-365	419	11	which	which	PRON
ftr-365	419	12	is	be	AUX
ftr-365	419	13	neutral	neutral	ADJ
ftr-365	419	14	about	about	ADP
ftr-365	419	15	a	a	DET
ftr-365	419	16	resident	resident	NOUN
ftr-365	419	17	’s	’s	PART
ftr-365	419	18	choice	choice	NOUN
ftr-365	419	19	between	between	ADP
ftr-365	419	20	domestic	domestic	ADJ
ftr-365	419	21	and	and	CCONJ
ftr-365	419	22	foreign	foreign	ADJ
ftr-365	419	23	investments	investment	NOUN
ftr-365	419	24	providing	provide	VERB
ftr-365	419	25	the	the	DET
ftr-365	419	26	same	same	ADJ
ftr-365	419	27	pretax	pretax	ADJ
ftr-365	419	28	rates	rate	NOUN
ftr-365	419	29	of	of	ADP
ftr-365	419	30	return	return	NOUN
ftr-365	419	31	.	.	PUNCT
ftr-365	420	1	cen	cen	PROPN
ftr-365	420	2	requires	require	VERB
ftr-365	420	3	that	that	SCONJ
ftr-365	420	4	a	a	DET
ftr-365	420	5	resident	resident	NOUN
ftr-365	420	6	of	of	ADP
ftr-365	420	7	any	any	DET
ftr-365	420	8	nation	nation	NOUN
ftr-365	420	9	pays	pay	VERB
ftr-365	420	10	the	the	DET
ftr-365	420	11	same	same	ADJ
ftr-365	420	12	marginal	marginal	ADJ
ftr-365	420	13	rate	rate	NOUN
ftr-365	420	14	of	of	ADP
ftr-365	420	15	income	income	NOUN
ftr-365	420	16	taxation	taxation	NOUN
ftr-365	420	17	regardless	regardless	ADV
ftr-365	420	18	of	of	ADP
ftr-365	420	19	the	the	DET
ftr-365	420	20	nation	nation	NOUN
ftr-365	420	21	in	in	ADP
ftr-365	420	22	which	which	PRON
ftr-365	420	23	she	she	PRON
ftr-365	420	24	invests	invest	VERB
ftr-365	420	25	.	.	PUNCT
ftr-365	421	1	cen	cen	PROPN
ftr-365	421	2	is	be	AUX
ftr-365	421	3	not	not	PART
ftr-365	421	4	only	only	ADV
ftr-365	421	5	neutral	neutral	ADJ
ftr-365	421	6	about	about	ADP
ftr-365	421	7	where	where	SCONJ
ftr-365	421	8	such	such	ADJ
ftr-365	421	9	investments	investment	NOUN
ftr-365	421	10	are	be	AUX
ftr-365	421	11	made	make	VERB
ftr-365	421	12	but	but	CCONJ
ftr-365	421	13	also	also	ADV
ftr-365	421	14	is	be	AUX
ftr-365	421	15	indifferent	indifferent	ADJ
ftr-365	421	16	about	about	ADP
ftr-365	421	17	which	which	DET
ftr-365	421	18	country	country	NOUN
ftr-365	421	19	collects	collect	VERB
ftr-365	421	20	the	the	DET
ftr-365	421	21	tax	tax	NOUN
ftr-365	421	22	revenue	revenue	NOUN
ftr-365	421	23	when	when	SCONJ
ftr-365	421	24	capital	capital	NOUN
ftr-365	421	25	originating	originate	VERB
ftr-365	421	26	in	in	ADP
ftr-365	421	27	one	one	NUM
ftr-365	421	28	country	country	NOUN
ftr-365	421	29	produces	produce	VERB
ftr-365	421	30	income	income	NOUN
ftr-365	421	31	in	in	ADP
ftr-365	421	32	another	another	PRON
ftr-365	421	33	.	.	PUNCT
ftr-365	422	1	typically	typically	ADV
ftr-365	422	2	,	,	PUNCT
ftr-365	422	3	economists	economist	NOUN
ftr-365	422	4	regard	regard	VERB
ftr-365	422	5	cen	cen	NOUN
ftr-365	422	6	as	as	ADP
ftr-365	422	7	essential	essential	ADJ
ftr-365	422	8	for	for	ADP
ftr-365	422	9	worldwide	worldwide	ADJ
ftr-365	422	10	economic	economic	ADJ
ftr-365	422	11	efficiency	efficiency	NOUN
ftr-365	422	12	,	,	PUNCT
ftr-365	422	13	because	because	SCONJ
ftr-365	422	14	the	the	DET
ftr-365	422	15	location	location	NOUN
ftr-365	422	16	of	of	ADP
ftr-365	422	17	investments	investment	NOUN
ftr-365	422	18	would	would	AUX
ftr-365	422	19	be	be	AUX
ftr-365	422	20	unaffected	unaffected	ADJ
ftr-365	422	21	by	by	ADP
ftr-365	422	22	capital	capital	NOUN
ftr-365	422	23	income	income	NOUN
ftr-365	422	24	taxes	taxis	NOUN
ftr-365	422	25	.	.	PUNCT
ftr-365	422	26	”	"	PUNCT
ftr-365	422	27	)	)	PUNCT
ftr-365	422	28	.	.	PUNCT
ftr-365	423	1	2008	2008	NUM
ftr-365	423	2	]	]	PUNCT
ftr-365	424	1	the	the	DET
ftr-365	424	2	case	case	NOUN
ftr-365	424	3	for	for	ADP
ftr-365	424	4	residency	residency	NOUN
ftr-365	424	5	-	-	PUNCT
ftr-365	424	6	based	base	VERB
ftr-365	424	7	taxation	taxation	NOUN
ftr-365	424	8	19	19	NUM
ftr-365	424	9	assuming	assume	VERB
ftr-365	424	10	that	that	SCONJ
ftr-365	424	11	withholding	withholding	NOUN
ftr-365	424	12	taxes	taxis	NOUN
ftr-365	424	13	at	at	ADP
ftr-365	424	14	source	source	NOUN
ftr-365	424	15	under	under	ADP
ftr-365	424	16	bilateral	bilateral	ADJ
ftr-365	424	17	agreements	agreement	NOUN
ftr-365	424	18	generally	generally	ADV
ftr-365	424	19	are	be	AUX
ftr-365	424	20	modest	modest	ADJ
ftr-365	424	21	(	(	PUNCT
ftr-365	424	22	or	or	CCONJ
ftr-365	424	23	nil	nil	ADJ
ftr-365	424	24	)	)	PUNCT
ftr-365	424	25	and	and	CCONJ
ftr-365	424	26	creditable	creditable	ADJ
ftr-365	424	27	against	against	ADP
ftr-365	424	28	the	the	DET
ftr-365	424	29	tax	tax	NOUN
ftr-365	424	30	liability	liability	NOUN
ftr-365	424	31	in	in	ADP
ftr-365	424	32	the	the	DET
ftr-365	424	33	residence	residence	NOUN
ftr-365	424	34	country	country	NOUN
ftr-365	424	35	,	,	PUNCT
ftr-365	424	36	the	the	DET
ftr-365	424	37	taxes	taxis	NOUN
ftr-365	424	38	at	at	ADP
ftr-365	424	39	home	home	NOUN
ftr-365	424	40	will	will	AUX
ftr-365	424	41	determine	determine	VERB
ftr-365	424	42	the	the	DET
ftr-365	424	43	overall	overall	ADJ
ftr-365	424	44	tax	tax	NOUN
ftr-365	424	45	level	level	NOUN
ftr-365	424	46	on	on	ADP
ftr-365	424	47	the	the	DET
ftr-365	424	48	saver	saver	ADJ
ftr-365	424	49	,	,	PUNCT
ftr-365	424	50	independent	independent	ADJ
ftr-365	424	51	of	of	ADP
ftr-365	424	52	the	the	DET
ftr-365	424	53	source	source	NOUN
ftr-365	424	54	of	of	ADP
ftr-365	424	55	the	the	DET
ftr-365	424	56	income	income	NOUN
ftr-365	424	57	.	.	PUNCT
ftr-365	425	1	in	in	ADP
ftr-365	425	2	this	this	DET
ftr-365	425	3	situation	situation	NOUN
ftr-365	425	4	,	,	PUNCT
ftr-365	425	5	interest	interest	NOUN
ftr-365	425	6	arbitrage	arbitrage	NOUN
ftr-365	425	7	will	will	AUX
ftr-365	425	8	tend	tend	VERB
ftr-365	425	9	to	to	PART
ftr-365	425	10	equalize	equalize	VERB
ftr-365	425	11	pretax	pretax	ADJ
ftr-365	425	12	rates	rate	NOUN
ftr-365	425	13	of	of	ADP
ftr-365	425	14	return	return	NOUN
ftr-365	425	15	internationally	internationally	ADV
ftr-365	425	16	.	.	PUNCT
ftr-365	426	1	as	as	SCONJ
ftr-365	426	2	the	the	DET
ftr-365	426	3	gross	gross	ADJ
ftr-365	426	4	return	return	NOUN
ftr-365	426	5	to	to	ADP
ftr-365	426	6	capital	capital	NOUN
ftr-365	426	7	in	in	ADP
ftr-365	426	8	equilibrium	equilibrium	NOUN
ftr-365	426	9	is	be	AUX
ftr-365	426	10	equal	equal	ADJ
ftr-365	426	11	to	to	ADP
ftr-365	426	12	the	the	DET
ftr-365	426	13	marginal	marginal	ADJ
ftr-365	426	14	product	product	NOUN
ftr-365	426	15	of	of	ADP
ftr-365	426	16	capital	capital	NOUN
ftr-365	426	17	,	,	PUNCT
ftr-365	426	18	it	it	PRON
ftr-365	426	19	follows	follow	VERB
ftr-365	426	20	that	that	SCONJ
ftr-365	426	21	a	a	DET
ftr-365	426	22	universal	universal	ADJ
ftr-365	426	23	use	use	NOUN
ftr-365	426	24	of	of	ADP
ftr-365	426	25	the	the	DET
ftr-365	426	26	residence	residence	NOUN
ftr-365	426	27	principle	principle	NOUN
ftr-365	426	28	will	will	AUX
ftr-365	426	29	result	result	VERB
ftr-365	426	30	in	in	ADP
ftr-365	426	31	equalized	equalized	ADJ
ftr-365	426	32	marginal	marginal	ADJ
ftr-365	426	33	products	product	NOUN
ftr-365	426	34	of	of	ADP
ftr-365	426	35	capital	capital	NOUN
ftr-365	426	36	across	across	ADP
ftr-365	426	37	countries	country	NOUN
ftr-365	426	38	,	,	PUNCT
ftr-365	426	39	and	and	CCONJ
ftr-365	426	40	thus	thus	ADV
ftr-365	426	41	entail	entail	VERB
ftr-365	426	42	an	an	DET
ftr-365	426	43	optimal	optimal	ADJ
ftr-365	426	44	international	international	ADJ
ftr-365	426	45	allocation	allocation	NOUN
ftr-365	426	46	of	of	ADP
ftr-365	426	47	investment	investment	NOUN
ftr-365	426	48	,	,	PUNCT
ftr-365	426	49	maximizing	maximize	VERB
ftr-365	426	50	future	future	ADJ
ftr-365	426	51	world	world	NOUN
ftr-365	426	52	output	output	NOUN
ftr-365	426	53	.	.	PUNCT
ftr-365	427	1	96	96	NUM
ftr-365	427	2	residency	residency	NOUN
ftr-365	427	3	-	-	PUNCT
ftr-365	427	4	based	base	VERB
ftr-365	427	5	taxation	taxation	NOUN
ftr-365	427	6	is	be	AUX
ftr-365	427	7	also	also	ADV
ftr-365	427	8	simpler	simple	ADJ
ftr-365	427	9	because	because	SCONJ
ftr-365	427	10	countries	country	NOUN
ftr-365	427	11	do	do	AUX
ftr-365	427	12	not	not	PART
ftr-365	427	13	need	need	VERB
ftr-365	427	14	to	to	PART
ftr-365	427	15	establish	establish	VERB
ftr-365	427	16	source	source	NOUN
ftr-365	427	17	rules	rule	NOUN
ftr-365	427	18	;	;	PUNCT
ftr-365	427	19	residents	resident	NOUN
ftr-365	427	20	are	be	AUX
ftr-365	427	21	taxed	tax	VERB
ftr-365	427	22	on	on	ADP
ftr-365	427	23	their	their	PRON
ftr-365	427	24	worldwide	worldwide	ADJ
ftr-365	427	25	income	income	NOUN
ftr-365	427	26	regardless	regardless	ADV
ftr-365	427	27	of	of	ADP
ftr-365	427	28	where	where	SCONJ
ftr-365	427	29	the	the	DET
ftr-365	427	30	source	source	NOUN
ftr-365	427	31	is	be	AUX
ftr-365	427	32	.	.	PUNCT
ftr-365	428	1	finally	finally	ADV
ftr-365	428	2	,	,	PUNCT
ftr-365	428	3	if	if	SCONJ
ftr-365	428	4	each	each	DET
ftr-365	428	5	country	country	NOUN
ftr-365	428	6	taxes	tax	VERB
ftr-365	428	7	only	only	ADV
ftr-365	428	8	its	its	PRON
ftr-365	428	9	own	own	ADJ
ftr-365	428	10	residents	resident	NOUN
ftr-365	428	11	and	and	CCONJ
ftr-365	428	12	all	all	DET
ftr-365	428	13	countries	country	NOUN
ftr-365	428	14	agree	agree	VERB
ftr-365	428	15	on	on	ADP
ftr-365	428	16	the	the	DET
ftr-365	428	17	definition	definition	NOUN
ftr-365	428	18	of	of	ADP
ftr-365	428	19	a	a	DET
ftr-365	428	20	“	"	PUNCT
ftr-365	428	21	resident	resident	NOUN
ftr-365	428	22	,	,	PUNCT
ftr-365	428	23	”	"	PUNCT
ftr-365	428	24	there	there	PRON
ftr-365	428	25	should	should	AUX
ftr-365	428	26	be	be	AUX
ftr-365	428	27	no	no	DET
ftr-365	428	28	dual	dual	ADJ
ftr-365	428	29	residency	residency	NOUN
ftr-365	428	30	problems	problem	NOUN
ftr-365	428	31	.	.	PUNCT
ftr-365	429	1	f.	f.	PROPN
ftr-365	429	2	determining	determine	VERB
ftr-365	429	3	the	the	DET
ftr-365	429	4	source	source	NOUN
ftr-365	429	5	of	of	ADP
ftr-365	429	6	income	income	NOUN
ftr-365	429	7	unless	unless	SCONJ
ftr-365	429	8	all	all	DET
ftr-365	429	9	countries	country	NOUN
ftr-365	429	10	move	move	VERB
ftr-365	429	11	to	to	ADP
ftr-365	429	12	a	a	DET
ftr-365	429	13	pure	pure	ADJ
ftr-365	429	14	system	system	NOUN
ftr-365	429	15	of	of	ADP
ftr-365	429	16	residency	residency	NOUN
ftr-365	429	17	-	-	PUNCT
ftr-365	429	18	based	base	VERB
ftr-365	429	19	taxation	taxation	NOUN
ftr-365	429	20	,	,	PUNCT
ftr-365	429	21	source	source	NOUN
ftr-365	429	22	rules	rule	NOUN
ftr-365	429	23	would	would	AUX
ftr-365	429	24	be	be	AUX
ftr-365	429	25	required	require	VERB
ftr-365	429	26	to	to	PART
ftr-365	429	27	determine	determine	VERB
ftr-365	429	28	which	which	DET
ftr-365	429	29	country	country	NOUN
ftr-365	429	30	has	have	VERB
ftr-365	429	31	the	the	DET
ftr-365	429	32	first	first	ADJ
ftr-365	429	33	jurisdiction	jurisdiction	NOUN
ftr-365	429	34	to	to	PART
ftr-365	429	35	tax	tax	VERB
ftr-365	429	36	an	an	DET
ftr-365	429	37	item	item	NOUN
ftr-365	429	38	of	of	ADP
ftr-365	429	39	income	income	NOUN
ftr-365	429	40	.	.	PUNCT
ftr-365	430	1	97	97	NUM
ftr-365	430	2	in	in	ADP
ftr-365	430	3	the	the	DET
ftr-365	430	4	vast	vast	ADJ
ftr-365	430	5	majority	majority	NOUN
ftr-365	430	6	of	of	ADP
ftr-365	430	7	countries	country	NOUN
ftr-365	430	8	,	,	PUNCT
ftr-365	430	9	however	however	ADV
ftr-365	430	10	,	,	PUNCT
ftr-365	430	11	most	most	ADJ
ftr-365	430	12	types	type	NOUN
ftr-365	430	13	of	of	ADP
ftr-365	430	14	income	income	NOUN
ftr-365	430	15	and	and	CCONJ
ftr-365	430	16	deductions	deduction	NOUN
ftr-365	430	17	do	do	AUX
ftr-365	430	18	not	not	PART
ftr-365	430	19	have	have	VERB
ftr-365	430	20	a	a	DET
ftr-365	430	21	defined	define	VERB
ftr-365	430	22	source	source	NOUN
ftr-365	430	23	,	,	PUNCT
ftr-365	430	24	and	and	CCONJ
ftr-365	430	25	the	the	DET
ftr-365	430	26	source	source	NOUN
ftr-365	430	27	of	of	ADP
ftr-365	430	28	income	income	NOUN
ftr-365	430	29	and	and	CCONJ
ftr-365	430	30	deductions	deduction	NOUN
ftr-365	430	31	is	be	AUX
ftr-365	430	32	therefore	therefore	ADV
ftr-365	430	33	determined	determined	ADJ
ftr-365	430	34	on	on	ADP
ftr-365	430	35	a	a	DET
ftr-365	430	36	case	case	NOUN
ftr-365	430	37	-	-	PUNCT
ftr-365	430	38	by	by	ADP
ftr-365	430	39	-	-	PUNCT
ftr-365	430	40	case	case	NOUN
ftr-365	430	41	basis	basis	NOUN
ftr-365	430	42	.	.	PUNCT
ftr-365	431	1	with	with	ADP
ftr-365	431	2	respect	respect	NOUN
ftr-365	431	3	to	to	ADP
ftr-365	431	4	complicated	complicated	ADJ
ftr-365	431	5	items	item	NOUN
ftr-365	431	6	of	of	ADP
ftr-365	431	7	income	income	NOUN
ftr-365	431	8	or	or	CCONJ
ftr-365	431	9	deductions	deduction	NOUN
ftr-365	431	10	,	,	PUNCT
ftr-365	431	11	defining	define	VERB
ftr-365	431	12	the	the	DET
ftr-365	431	13	source	source	NOUN
ftr-365	431	14	is	be	AUX
ftr-365	431	15	very	very	ADV
ftr-365	431	16	difficult	difficult	ADJ
ftr-365	431	17	,	,	PUNCT
ftr-365	431	18	because	because	SCONJ
ftr-365	431	19	it	it	PRON
ftr-365	431	20	is	be	AUX
ftr-365	431	21	hard	hard	ADJ
ftr-365	431	22	to	to	PART
ftr-365	431	23	pinpoint	pinpoint	VERB
ftr-365	431	24	the	the	DET
ftr-365	431	25	correct	correct	ADJ
ftr-365	431	26	economic	economic	ADJ
ftr-365	431	27	source	source	NOUN
ftr-365	431	28	of	of	ADP
ftr-365	431	29	the	the	DET
ftr-365	431	30	income	income	NOUN
ftr-365	431	31	or	or	CCONJ
ftr-365	431	32	deduction	deduction	NOUN
ftr-365	431	33	.	.	PUNCT
ftr-365	432	1	98	98	NUM
ftr-365	432	2	96	96	NUM
ftr-365	432	3	.	.	PUNCT
ftr-365	433	1	john	john	PROPN
ftr-365	433	2	norregaard	norregaard	PROPN
ftr-365	433	3	,	,	PUNCT
ftr-365	433	4	tax	tax	NOUN
ftr-365	433	5	treatment	treatment	NOUN
ftr-365	433	6	of	of	ADP
ftr-365	433	7	government	government	NOUN
ftr-365	433	8	bonds	bond	NOUN
ftr-365	433	9	,	,	PUNCT
ftr-365	433	10	15	15	NUM
ftr-365	433	11	tax	tax	NOUN
ftr-365	433	12	notes	note	NOUN
ftr-365	433	13	int’l	int’l	NOUN
ftr-365	433	14	143	143	NUM
ftr-365	433	15	,	,	PUNCT
ftr-365	433	16	citing	cite	VERB
ftr-365	433	17	razin	razin	NOUN
ftr-365	433	18	,	,	PUNCT
ftr-365	433	19	assaf	assaf	PROPN
ftr-365	433	20	,	,	PUNCT
ftr-365	433	21	efraim	efraim	NOUN
ftr-365	433	22	sadka	sadka	NOUN
ftr-365	433	23	,	,	PUNCT
ftr-365	433	24	and	and	CCONJ
ftr-365	433	25	chi	chi	ADJ
ftr-365	433	26	-	-	PUNCT
ftr-365	433	27	wa	wa	NOUN
ftr-365	433	28	yuen	yuen	PROPN
ftr-365	433	29	,	,	PUNCT
ftr-365	433	30	1996	1996	NUM
ftr-365	433	31	,	,	PUNCT
ftr-365	433	32	a	a	DET
ftr-365	433	33	pecking	pecking	NOUN
ftr-365	433	34	order	order	NOUN
ftr-365	433	35	theory	theory	NOUN
ftr-365	433	36	of	of	ADP
ftr-365	433	37	capital	capital	NOUN
ftr-365	433	38	inflows	inflow	NOUN
ftr-365	433	39	and	and	CCONJ
ftr-365	433	40	international	international	ADJ
ftr-365	433	41	tax	tax	NOUN
ftr-365	433	42	principles	principle	NOUN
ftr-365	433	43	,	,	PUNCT
ftr-365	433	44	imf	imf	PROPN
ftr-365	433	45	working	working	PROPN
ftr-365	433	46	paper	paper	PROPN
ftr-365	433	47	96/26	96/26	NUM
ftr-365	433	48	(	(	PUNCT
ftr-365	433	49	washington	washington	PROPN
ftr-365	433	50	:	:	PUNCT
ftr-365	433	51	international	international	ADJ
ftr-365	433	52	monetary	monetary	ADJ
ftr-365	433	53	fund	fund	PROPN
ftr-365	433	54	)	)	PUNCT
ftr-365	433	55	,	,	PUNCT
ftr-365	433	56	tax	tax	NOUN
ftr-365	433	57	notes	note	NOUN
ftr-365	433	58	int’l	int’l	PRON
ftr-365	433	59	,	,	PUNCT
ftr-365	433	60	47	47	NUM
ftr-365	433	61	(	(	PUNCT
ftr-365	433	62	jan	jan	PROPN
ftr-365	433	63	.	.	PROPN
ftr-365	433	64	1	1	NUM
ftr-365	433	65	,	,	PUNCT
ftr-365	433	66	1996	1996	NUM
ftr-365	433	67	)	)	PUNCT
ftr-365	433	68	.	.	PUNCT
ftr-365	434	1	97	97	NUM
ftr-365	434	2	.	.	PUNCT
ftr-365	435	1	see	see	VERB
ftr-365	435	2	may	may	AUX
ftr-365	435	3	(	(	PUNCT
ftr-365	435	4	1995	1995	NUM
ftr-365	435	5	)	)	PUNCT
ftr-365	435	6	,	,	PUNCT
ftr-365	435	7	supra	supra	PROPN
ftr-365	435	8	note	note	NOUN
ftr-365	435	9	6	6	NUM
ftr-365	435	10	(	(	PUNCT
ftr-365	435	11	“	"	PUNCT
ftr-365	435	12	source	source	NOUN
ftr-365	435	13	rules	rule	NOUN
ftr-365	435	14	play	play	VERB
ftr-365	435	15	a	a	DET
ftr-365	435	16	critical	critical	ADJ
ftr-365	435	17	role	role	NOUN
ftr-365	435	18	in	in	ADP
ftr-365	435	19	defining	define	VERB
ftr-365	435	20	the	the	DET
ftr-365	435	21	scope	scope	NOUN
ftr-365	435	22	of	of	ADP
ftr-365	435	23	u.s	u.s	PROPN
ftr-365	435	24	.	.	PROPN
ftr-365	435	25	tax	tax	NOUN
ftr-365	435	26	jurisdiction	jurisdiction	NOUN
ftr-365	435	27	.	.	PUNCT
ftr-365	436	1	they	they	PRON
ftr-365	436	2	identify	identify	VERB
ftr-365	436	3	the	the	DET
ftr-365	436	4	u.s.-source	u.s.-source	ADJ
ftr-365	436	5	income	income	NOUN
ftr-365	436	6	over	over	ADP
ftr-365	436	7	which	which	PRON
ftr-365	436	8	the	the	DET
ftr-365	436	9	united	united	PROPN
ftr-365	436	10	states	states	PROPN
ftr-365	436	11	asserts	assert	VERB
ftr-365	436	12	primary	primary	ADJ
ftr-365	436	13	jurisdiction	jurisdiction	NOUN
ftr-365	436	14	.	.	PUNCT
ftr-365	437	1	they	they	PRON
ftr-365	437	2	also	also	ADV
ftr-365	437	3	determine	determine	VERB
ftr-365	437	4	the	the	DET
ftr-365	437	5	extent	extent	NOUN
ftr-365	437	6	to	to	ADP
ftr-365	437	7	which	which	PRON
ftr-365	437	8	,	,	PUNCT
ftr-365	437	9	through	through	ADP
ftr-365	437	10	the	the	DET
ftr-365	437	11	foreign	foreign	ADJ
ftr-365	437	12	tax	tax	NOUN
ftr-365	437	13	credit	credit	NOUN
ftr-365	437	14	system	system	NOUN
ftr-365	437	15	,	,	PUNCT
ftr-365	437	16	the	the	DET
ftr-365	437	17	united	united	PROPN
ftr-365	437	18	states	states	PROPN
ftr-365	437	19	will	will	AUX
ftr-365	437	20	curtail	curtail	VERB
ftr-365	437	21	its	its	PRON
ftr-365	437	22	residence	residence	NOUN
ftr-365	437	23	-	-	PUNCT
ftr-365	437	24	based	base	VERB
ftr-365	437	25	claims	claim	NOUN
ftr-365	437	26	and	and	CCONJ
ftr-365	437	27	effectively	effectively	ADV
ftr-365	437	28	yield	yield	VERB
ftr-365	437	29	tax	tax	NOUN
ftr-365	437	30	jurisdiction	jurisdiction	NOUN
ftr-365	437	31	to	to	ADP
ftr-365	437	32	a	a	DET
ftr-365	437	33	source	source	NOUN
ftr-365	437	34	country	country	NOUN
ftr-365	437	35	.	.	PUNCT
ftr-365	437	36	”	"	PUNCT
ftr-365	437	37	)	)	PUNCT
ftr-365	437	38	.	.	PUNCT
ftr-365	438	1	98	98	NUM
ftr-365	438	2	.	.	PUNCT
ftr-365	439	1	see	see	VERB
ftr-365	439	2	jcx	jcx	ADJ
ftr-365	439	3	40	40	NUM
ftr-365	439	4	-	-	SYM
ftr-365	439	5	99	99	NUM
ftr-365	439	6	,	,	PUNCT
ftr-365	439	7	supra	supra	PROPN
ftr-365	439	8	note	note	NOUN
ftr-365	439	9	63	63	NUM
ftr-365	439	10	(	(	PUNCT
ftr-365	439	11	“	"	PUNCT
ftr-365	439	12	the	the	DET
ftr-365	439	13	source	source	NOUN
ftr-365	439	14	of	of	ADP
ftr-365	439	15	income	income	NOUN
ftr-365	439	16	for	for	ADP
ftr-365	439	17	u.s	u.s	PROPN
ftr-365	439	18	.	.	PROPN
ftr-365	439	19	tax	tax	NOUN
ftr-365	439	20	purposes	purpose	NOUN
ftr-365	439	21	is	be	AUX
ftr-365	439	22	determined	determine	VERB
ftr-365	439	23	based	base	VERB
ftr-365	439	24	on	on	ADP
ftr-365	439	25	various	various	ADJ
ftr-365	439	26	factors	factor	NOUN
ftr-365	439	27	.	.	PUNCT
ftr-365	440	1	the	the	DET
ftr-365	440	2	relevant	relevant	ADJ
ftr-365	440	3	factors	factor	NOUN
ftr-365	440	4	include	include	VERB
ftr-365	440	5	the	the	DET
ftr-365	440	6	location	location	NOUN
ftr-365	440	7	or	or	CCONJ
ftr-365	440	8	nationality	nationality	NOUN
ftr-365	440	9	of	of	ADP
ftr-365	440	10	the	the	DET
ftr-365	440	11	payor	payor	NOUN
ftr-365	440	12	,	,	PUNCT
ftr-365	440	13	the	the	DET
ftr-365	440	14	location	location	NOUN
ftr-365	440	15	or	or	CCONJ
ftr-365	440	16	nationality	nationality	NOUN
ftr-365	440	17	of	of	ADP
ftr-365	440	18	the	the	DET
ftr-365	440	19	recipient	recipient	NOUN
ftr-365	440	20	,	,	PUNCT
ftr-365	440	21	the	the	DET
ftr-365	440	22	location	location	NOUN
ftr-365	440	23	of	of	ADP
ftr-365	440	24	the	the	DET
ftr-365	440	25	recipient	recipient	NOUN
ftr-365	440	26	’s	’s	PART
ftr-365	440	27	activities	activity	NOUN
ftr-365	440	28	that	that	PRON
ftr-365	440	29	generate	generate	VERB
ftr-365	440	30	the	the	DET
ftr-365	440	31	income	income	NOUN
ftr-365	440	32	,	,	PUNCT
ftr-365	440	33	and	and	CCONJ
ftr-365	440	34	the	the	DET
ftr-365	440	35	location	location	NOUN
ftr-365	440	36	of	of	ADP
ftr-365	440	37	the	the	DET
ftr-365	440	38	assets	asset	NOUN
ftr-365	440	39	that	that	PRON
ftr-365	440	40	generate	generate	VERB
ftr-365	440	41	the	the	DET
ftr-365	440	42	income	income	NOUN
ftr-365	440	43	.	.	PUNCT
ftr-365	440	44	”	"	PUNCT
ftr-365	440	45	)	)	PUNCT
ftr-365	440	46	.	.	PUNCT
ftr-365	441	1	20	20	NUM
ftr-365	441	2	florida	florida	PROPN
ftr-365	441	3	tax	tax	NOUN
ftr-365	441	4	review	review	NOUN
ftr-365	441	5	[	[	X
ftr-365	441	6	vol	vol	NOUN
ftr-365	441	7	.	.	PUNCT
ftr-365	441	8	9:1	9:1	NUM
ftr-365	441	9	in	in	ADP
ftr-365	441	10	many	many	ADJ
ftr-365	441	11	countries	country	NOUN
ftr-365	441	12	including	include	VERB
ftr-365	441	13	the	the	DET
ftr-365	441	14	u.s	u.s	PROPN
ftr-365	441	15	.	.	PROPN
ftr-365	441	16	,	,	PUNCT
ftr-365	441	17	source	source	NOUN
ftr-365	441	18	rules	rule	NOUN
ftr-365	441	19	can	can	AUX
ftr-365	441	20	be	be	AUX
ftr-365	441	21	divided	divide	VERB
ftr-365	441	22	into	into	ADP
ftr-365	441	23	two	two	NUM
ftr-365	441	24	categories	category	NOUN
ftr-365	441	25	:	:	PUNCT
ftr-365	441	26	(	(	PUNCT
ftr-365	441	27	i	i	NOUN
ftr-365	441	28	)	)	PUNCT
ftr-365	441	29	formal	formal	ADJ
ftr-365	441	30	rules	rule	NOUN
ftr-365	441	31	,	,	PUNCT
ftr-365	441	32	and	and	CCONJ
ftr-365	441	33	(	(	PUNCT
ftr-365	441	34	ii	ii	NOUN
ftr-365	441	35	)	)	PUNCT
ftr-365	441	36	economic	economic	ADJ
ftr-365	441	37	rules	rule	NOUN
ftr-365	441	38	.	.	PUNCT
ftr-365	442	1	formal	formal	ADJ
ftr-365	442	2	rules	rule	NOUN
ftr-365	442	3	do	do	AUX
ftr-365	442	4	not	not	PART
ftr-365	442	5	attempt	attempt	VERB
ftr-365	442	6	to	to	PART
ftr-365	442	7	trace	trace	VERB
ftr-365	442	8	the	the	DET
ftr-365	442	9	economic	economic	ADJ
ftr-365	442	10	source	source	NOUN
ftr-365	442	11	of	of	ADP
ftr-365	442	12	the	the	DET
ftr-365	442	13	income	income	NOUN
ftr-365	442	14	but	but	CCONJ
ftr-365	442	15	seek	seek	VERB
ftr-365	442	16	to	to	PART
ftr-365	442	17	achieve	achieve	VERB
ftr-365	442	18	administrative	administrative	ADJ
ftr-365	442	19	ease	ease	NOUN
ftr-365	442	20	and	and	CCONJ
ftr-365	442	21	certainty	certainty	NOUN
ftr-365	442	22	.	.	PUNCT
ftr-365	443	1	economic	economic	ADJ
ftr-365	443	2	rules	rule	NOUN
ftr-365	443	3	,	,	PUNCT
ftr-365	443	4	on	on	ADP
ftr-365	443	5	the	the	DET
ftr-365	443	6	other	other	ADJ
ftr-365	443	7	hand	hand	NOUN
ftr-365	443	8	,	,	PUNCT
ftr-365	443	9	do	do	AUX
ftr-365	443	10	attempt	attempt	VERB
ftr-365	443	11	to	to	PART
ftr-365	443	12	trace	trace	VERB
ftr-365	443	13	the	the	DET
ftr-365	443	14	economic	economic	ADJ
ftr-365	443	15	source	source	NOUN
ftr-365	443	16	of	of	ADP
ftr-365	443	17	the	the	DET
ftr-365	443	18	income	income	NOUN
ftr-365	443	19	,	,	PUNCT
ftr-365	443	20	but	but	CCONJ
ftr-365	443	21	rather	rather	ADV
ftr-365	443	22	result	result	VERB
ftr-365	443	23	in	in	ADP
ftr-365	443	24	more	more	ADJ
ftr-365	443	25	litigation	litigation	NOUN
ftr-365	443	26	and	and	CCONJ
ftr-365	443	27	uncertainty	uncertainty	NOUN
ftr-365	443	28	.	.	PUNCT
ftr-365	444	1	the	the	DET
ftr-365	444	2	main	main	ADJ
ftr-365	444	3	difference	difference	NOUN
ftr-365	444	4	between	between	ADP
ftr-365	444	5	the	the	DET
ftr-365	444	6	formal	formal	ADJ
ftr-365	444	7	and	and	CCONJ
ftr-365	444	8	economic	economic	ADJ
ftr-365	444	9	rules	rule	NOUN
ftr-365	444	10	is	be	AUX
ftr-365	444	11	that	that	SCONJ
ftr-365	444	12	the	the	DET
ftr-365	444	13	formal	formal	ADJ
ftr-365	444	14	rules	rule	NOUN
ftr-365	444	15	are	be	AUX
ftr-365	444	16	relatively	relatively	ADV
ftr-365	444	17	easy	easy	ADJ
ftr-365	444	18	to	to	PART
ftr-365	444	19	administer	administer	VERB
ftr-365	444	20	from	from	ADP
ftr-365	444	21	both	both	DET
ftr-365	444	22	the	the	DET
ftr-365	444	23	taxpayers	taxpayer	NOUN
ftr-365	444	24	’	'	PUNCT
ftr-365	444	25	and	and	CCONJ
ftr-365	444	26	the	the	DET
ftr-365	444	27	tax	tax	NOUN
ftr-365	444	28	authorities	authority	NOUN
ftr-365	444	29	’	’	PART
ftr-365	444	30	perspectives	perspective	NOUN
ftr-365	444	31	,	,	PUNCT
ftr-365	444	32	because	because	SCONJ
ftr-365	444	33	they	they	PRON
ftr-365	444	34	are	be	AUX
ftr-365	444	35	bright	bright	ADJ
ftr-365	444	36	line	line	NOUN
ftr-365	444	37	rules	rule	NOUN
ftr-365	444	38	and	and	CCONJ
ftr-365	444	39	simply	simply	ADV
ftr-365	444	40	require	require	VERB
ftr-365	444	41	one	one	NUM
ftr-365	444	42	single	single	ADJ
ftr-365	444	43	determination	determination	NOUN
ftr-365	444	44	such	such	ADJ
ftr-365	444	45	as	as	ADP
ftr-365	444	46	residency	residency	NOUN
ftr-365	444	47	of	of	ADP
ftr-365	444	48	the	the	DET
ftr-365	444	49	payor	payor	NOUN
ftr-365	444	50	,	,	PUNCT
ftr-365	444	51	residency	residency	NOUN
ftr-365	444	52	of	of	ADP
ftr-365	444	53	the	the	DET
ftr-365	444	54	seller	seller	NOUN
ftr-365	444	55	or	or	CCONJ
ftr-365	444	56	passage	passage	NOUN
ftr-365	444	57	of	of	ADP
ftr-365	444	58	title	title	NOUN
ftr-365	444	59	,	,	PUNCT
ftr-365	444	60	to	to	PART
ftr-365	444	61	establish	establish	VERB
ftr-365	444	62	the	the	DET
ftr-365	444	63	source	source	NOUN
ftr-365	444	64	.	.	PUNCT
ftr-365	445	1	the	the	DET
ftr-365	445	2	economic	economic	ADJ
ftr-365	445	3	rules	rule	NOUN
ftr-365	445	4	,	,	PUNCT
ftr-365	445	5	on	on	ADP
ftr-365	445	6	the	the	DET
ftr-365	445	7	other	other	ADJ
ftr-365	445	8	hand	hand	NOUN
ftr-365	445	9	,	,	PUNCT
ftr-365	445	10	involve	involve	VERB
ftr-365	445	11	more	more	ADV
ftr-365	445	12	difficult	difficult	ADJ
ftr-365	445	13	determination	determination	NOUN
ftr-365	445	14	such	such	ADJ
ftr-365	445	15	as	as	ADP
ftr-365	445	16	,	,	PUNCT
ftr-365	445	17	for	for	ADP
ftr-365	445	18	example	example	NOUN
ftr-365	445	19	,	,	PUNCT
ftr-365	445	20	where	where	SCONJ
ftr-365	445	21	a	a	DET
ftr-365	445	22	patent	patent	NOUN
ftr-365	445	23	or	or	CCONJ
ftr-365	445	24	copyright	copyright	NOUN
ftr-365	445	25	was	be	AUX
ftr-365	445	26	actually	actually	ADV
ftr-365	445	27	used	use	VERB
ftr-365	445	28	,	,	PUNCT
ftr-365	445	29	which	which	PRON
ftr-365	445	30	is	be	AUX
ftr-365	445	31	sometimes	sometimes	ADV
ftr-365	445	32	not	not	PART
ftr-365	445	33	easy	easy	ADJ
ftr-365	445	34	to	to	PART
ftr-365	445	35	determine	determine	VERB
ftr-365	445	36	,	,	PUNCT
ftr-365	445	37	especially	especially	ADV
ftr-365	445	38	if	if	SCONJ
ftr-365	445	39	it	it	PRON
ftr-365	445	40	is	be	AUX
ftr-365	445	41	used	use	VERB
ftr-365	445	42	in	in	ADP
ftr-365	445	43	many	many	ADJ
ftr-365	445	44	countries	country	NOUN
ftr-365	445	45	.	.	PUNCT
ftr-365	446	1	economic	economic	ADJ
ftr-365	446	2	source	source	NOUN
ftr-365	446	3	rules	rule	NOUN
ftr-365	446	4	are	be	AUX
ftr-365	446	5	therefore	therefore	ADV
ftr-365	446	6	harder	hard	ADJ
ftr-365	446	7	to	to	PART
ftr-365	446	8	avoid	avoid	VERB
ftr-365	446	9	by	by	ADP
ftr-365	446	10	the	the	DET
ftr-365	446	11	taxpayer	taxpayer	NOUN
ftr-365	446	12	because	because	SCONJ
ftr-365	446	13	as	as	SCONJ
ftr-365	446	14	opposed	oppose	VERB
ftr-365	446	15	to	to	ADP
ftr-365	446	16	formal	formal	ADJ
ftr-365	446	17	rules	rule	NOUN
ftr-365	446	18	,	,	PUNCT
ftr-365	446	19	they	they	PRON
ftr-365	446	20	are	be	AUX
ftr-365	446	21	not	not	PART
ftr-365	446	22	significantly	significantly	ADV
ftr-365	446	23	under	under	ADP
ftr-365	446	24	the	the	DET
ftr-365	446	25	taxpayer	taxpayer	NOUN
ftr-365	446	26	’s	’s	PART
ftr-365	446	27	control	control	NOUN
ftr-365	446	28	.	.	PUNCT
ftr-365	447	1	g.	g.	VERB
ftr-365	447	2	the	the	DET
ftr-365	447	3	role	role	NOUN
ftr-365	447	4	of	of	ADP
ftr-365	447	5	tax	tax	NOUN
ftr-365	447	6	treaties	treaty	NOUN
ftr-365	447	7	in	in	ADP
ftr-365	447	8	allocating	allocate	VERB
ftr-365	447	9	income	income	NOUN
ftr-365	447	10	bbetween	bbetween	VERB
ftr-365	447	11	the	the	DET
ftr-365	447	12	source	source	NOUN
ftr-365	447	13	and	and	CCONJ
ftr-365	447	14	residency	residency	NOUN
ftr-365	447	15	country	country	NOUN
ftr-365	447	16	according	accord	VERB
ftr-365	447	17	to	to	ADP
ftr-365	447	18	professor	professor	PROPN
ftr-365	447	19	hugh	hugh	PROPN
ftr-365	447	20	ault	ault	PROPN
ftr-365	447	21	,	,	PUNCT
ftr-365	447	22	“	"	PUNCT
ftr-365	447	23	from	from	ADP
ftr-365	447	24	the	the	DET
ftr-365	447	25	beginning	beginning	NOUN
ftr-365	447	26	,	,	PUNCT
ftr-365	447	27	treaties	treaty	NOUN
ftr-365	447	28	have	have	AUX
ftr-365	447	29	involved	involve	VERB
ftr-365	447	30	the	the	DET
ftr-365	447	31	allocation	allocation	NOUN
ftr-365	447	32	of	of	ADP
ftr-365	447	33	taxing	tax	VERB
ftr-365	447	34	claims	claim	NOUN
ftr-365	447	35	and	and	CCONJ
ftr-365	447	36	the	the	DET
ftr-365	447	37	international	international	ADJ
ftr-365	447	38	division	division	NOUN
ftr-365	447	39	of	of	ADP
ftr-365	447	40	revenue	revenue	NOUN
ftr-365	447	41	.	.	PUNCT
ftr-365	447	42	”	"	PUNCT
ftr-365	448	1	99	99	NUM
ftr-365	448	2	as	as	ADV
ftr-365	448	3	set	set	VERB
ftr-365	448	4	forth	forth	ADV
ftr-365	448	5	above	above	ADV
ftr-365	448	6	,	,	PUNCT
ftr-365	448	7	in	in	ADP
ftr-365	448	8	the	the	DET
ftr-365	448	9	absence	absence	NOUN
ftr-365	448	10	of	of	ADP
ftr-365	448	11	a	a	DET
ftr-365	448	12	treaty	treaty	NOUN
ftr-365	448	13	between	between	ADP
ftr-365	448	14	the	the	DET
ftr-365	448	15	source	source	NOUN
ftr-365	448	16	country	country	NOUN
ftr-365	448	17	and	and	CCONJ
ftr-365	448	18	residency	residency	NOUN
ftr-365	448	19	country	country	NOUN
ftr-365	448	20	,	,	PUNCT
ftr-365	448	21	the	the	DET
ftr-365	448	22	source	source	NOUN
ftr-365	448	23	country	country	NOUN
ftr-365	448	24	has	have	VERB
ftr-365	448	25	the	the	DET
ftr-365	448	26	right	right	NOUN
ftr-365	448	27	to	to	PART
ftr-365	448	28	tax	tax	VERB
ftr-365	448	29	all	all	DET
ftr-365	448	30	income	income	NOUN
ftr-365	448	31	(	(	PUNCT
ftr-365	448	32	passive	passive	ADJ
ftr-365	448	33	and	and	CCONJ
ftr-365	448	34	active	active	ADJ
ftr-365	448	35	)	)	PUNCT
ftr-365	448	36	derived	derive	VERB
ftr-365	448	37	therein	therein	ADV
ftr-365	448	38	.	.	PUNCT
ftr-365	449	1	100	100	NUM
ftr-365	449	2	to	to	PART
ftr-365	449	3	serve	serve	VERB
ftr-365	449	4	its	its	PRON
ftr-365	449	5	most	most	ADV
ftr-365	449	6	important	important	ADJ
ftr-365	449	7	role	role	NOUN
ftr-365	449	8	of	of	ADP
ftr-365	449	9	preventing	prevent	VERB
ftr-365	449	10	double	double	ADJ
ftr-365	449	11	taxation	taxation	NOUN
ftr-365	449	12	,	,	PUNCT
ftr-365	449	13	tax	tax	NOUN
ftr-365	449	14	treaties	treaty	NOUN
ftr-365	449	15	generally	generally	ADV
ftr-365	449	16	shift	shift	VERB
ftr-365	449	17	tax	tax	NOUN
ftr-365	449	18	revenue	revenue	NOUN
ftr-365	449	19	from	from	ADP
ftr-365	449	20	the	the	DET
ftr-365	449	21	source	source	NOUN
ftr-365	449	22	country	country	NOUN
ftr-365	449	23	to	to	ADP
ftr-365	449	24	the	the	DET
ftr-365	449	25	residency	residency	NOUN
ftr-365	449	26	country	country	NOUN
ftr-365	449	27	.	.	PUNCT
ftr-365	450	1	101	101	NUM
ftr-365	450	2	this	this	DET
ftr-365	450	3	division	division	NOUN
ftr-365	450	4	was	be	AUX
ftr-365	450	5	also	also	ADV
ftr-365	450	6	established	establish	VERB
ftr-365	450	7	by	by	ADP
ftr-365	450	8	the	the	DET
ftr-365	450	9	league	league	NOUN
ftr-365	450	10	of	of	ADP
ftr-365	450	11	nations	nation	NOUN
ftr-365	450	12	in	in	ADP
ftr-365	450	13	1928	1928	NUM
ftr-365	450	14	,	,	PUNCT
ftr-365	450	15	in	in	ADP
ftr-365	450	16	its	its	PRON
ftr-365	450	17	first	first	ADJ
ftr-365	450	18	model	model	NOUN
ftr-365	450	19	treaty	treaty	NOUN
ftr-365	450	20	,	,	PUNCT
ftr-365	450	21	as	as	SCONJ
ftr-365	450	22	described	describe	VERB
ftr-365	450	23	in	in	ADP
ftr-365	450	24	more	more	ADJ
ftr-365	450	25	detail	detail	NOUN
ftr-365	450	26	below	below	ADV
ftr-365	450	27	.	.	PUNCT
ftr-365	451	1	102	102	NUM
ftr-365	451	2	generally	generally	ADV
ftr-365	451	3	,	,	PUNCT
ftr-365	451	4	in	in	ADP
ftr-365	451	5	all	all	DET
ftr-365	451	6	existing	exist	VERB
ftr-365	451	7	treaties	treaty	NOUN
ftr-365	451	8	,	,	PUNCT
ftr-365	451	9	passive	passive	ADJ
ftr-365	451	10	income	income	NOUN
ftr-365	451	11	is	be	AUX
ftr-365	451	12	mostly	mostly	ADV
ftr-365	451	13	taxed	tax	VERB
ftr-365	451	14	by	by	ADP
ftr-365	451	15	the	the	DET
ftr-365	451	16	residency	residency	NOUN
ftr-365	451	17	country	country	NOUN
ftr-365	451	18	(	(	PUNCT
ftr-365	451	19	rates	rate	NOUN
ftr-365	451	20	at	at	ADP
ftr-365	451	21	source	source	NOUN
ftr-365	451	22	are	be	AUX
ftr-365	451	23	between	between	ADP
ftr-365	451	24	0%-15	0%-15	NUM
ftr-365	451	25	%	%	NOUN
ftr-365	451	26	)	)	PUNCT
ftr-365	451	27	,	,	PUNCT
ftr-365	451	28	while	while	SCONJ
ftr-365	451	29	active	active	ADJ
ftr-365	451	30	income	income	NOUN
ftr-365	451	31	is	be	AUX
ftr-365	451	32	taxed	tax	VERB
ftr-365	451	33	by	by	ADP
ftr-365	451	34	the	the	DET
ftr-365	451	35	source	source	NOUN
ftr-365	451	36	country	country	NOUN
ftr-365	451	37	.	.	PUNCT
ftr-365	452	1	103	103	NUM
ftr-365	452	2	99	99	NUM
ftr-365	452	3	.	.	PUNCT
ftr-365	453	1	see	see	VERB
ftr-365	453	2	ault	ault	PROPN
ftr-365	453	3	(	(	PUNCT
ftr-365	453	4	1992	1992	NUM
ftr-365	453	5	)	)	PUNCT
ftr-365	453	6	,	,	PUNCT
ftr-365	453	7	supra	supra	PROPN
ftr-365	453	8	note	note	NOUN
ftr-365	453	9	4	4	NUM
ftr-365	453	10	,	,	PUNCT
ftr-365	453	11	at	at	ADP
ftr-365	453	12	567	567	NUM
ftr-365	453	13	.	.	NOUN
ftr-365	453	14	100	100	NUM
ftr-365	453	15	.	.	PUNCT
ftr-365	454	1	see	see	VERB
ftr-365	454	2	generally	generally	ADV
ftr-365	454	3	league	league	PROPN
ftr-365	454	4	of	of	ADP
ftr-365	454	5	nations	nation	NOUN
ftr-365	454	6	report	report	NOUN
ftr-365	454	7	(	(	PUNCT
ftr-365	454	8	1923	1923	NUM
ftr-365	454	9	)	)	PUNCT
ftr-365	454	10	,	,	PUNCT
ftr-365	454	11	supra	supra	PROPN
ftr-365	454	12	note	note	NOUN
ftr-365	454	13	4	4	NUM
ftr-365	454	14	.	.	X
ftr-365	455	1	101	101	NUM
ftr-365	455	2	.	.	PUNCT
ftr-365	456	1	see	see	VERB
ftr-365	456	2	colon	colon	NOUN
ftr-365	456	3	,	,	PUNCT
ftr-365	456	4	supra	supra	NOUN
ftr-365	456	5	note	note	NOUN
ftr-365	456	6	5	5	NUM
ftr-365	456	7	,	,	PUNCT
ftr-365	456	8	at	at	ADP
ftr-365	456	9	786	786	NUM
ftr-365	456	10	(	(	PUNCT
ftr-365	456	11	“	"	PUNCT
ftr-365	456	12	treaty	treaty	NOUN
ftr-365	456	13	signatories	signatory	NOUN
ftr-365	456	14	usually	usually	ADV
ftr-365	456	15	agree	agree	VERB
ftr-365	456	16	to	to	PART
ftr-365	456	17	eliminate	eliminate	VERB
ftr-365	456	18	or	or	CCONJ
ftr-365	456	19	substantially	substantially	ADV
ftr-365	456	20	reduce	reduce	VERB
ftr-365	456	21	source	source	NOUN
ftr-365	456	22	basis	basis	NOUN
ftr-365	456	23	taxation	taxation	NOUN
ftr-365	456	24	on	on	ADP
ftr-365	456	25	income	income	NOUN
ftr-365	456	26	earned	earn	VERB
ftr-365	456	27	by	by	ADP
ftr-365	456	28	residents	resident	NOUN
ftr-365	456	29	of	of	ADP
ftr-365	456	30	the	the	DET
ftr-365	456	31	other	other	ADJ
ftr-365	456	32	country	country	NOUN
ftr-365	456	33	,	,	PUNCT
ftr-365	456	34	for	for	ADP
ftr-365	456	35	instance	instance	NOUN
ftr-365	456	36	,	,	PUNCT
ftr-365	456	37	dividends	dividend	NOUN
ftr-365	456	38	,	,	PUNCT
ftr-365	456	39	rents	rent	NOUN
ftr-365	456	40	,	,	PUNCT
ftr-365	456	41	royalties	royalty	NOUN
ftr-365	456	42	,	,	PUNCT
ftr-365	456	43	and	and	CCONJ
ftr-365	456	44	interest	interest	NOUN
ftr-365	456	45	.	.	PUNCT
ftr-365	456	46	”	"	PUNCT
ftr-365	456	47	)	)	PUNCT
ftr-365	456	48	.	.	PUNCT
ftr-365	457	1	102	102	X
ftr-365	457	2	.	.	PUNCT
ftr-365	457	3	see	see	VERB
ftr-365	457	4	report	report	NOUN
ftr-365	457	5	presented	present	VERB
ftr-365	457	6	by	by	ADP
ftr-365	457	7	the	the	DET
ftr-365	457	8	general	general	ADJ
ftr-365	457	9	meeting	meeting	NOUN
ftr-365	457	10	of	of	ADP
ftr-365	457	11	government	government	NOUN
ftr-365	457	12	experts	expert	NOUN
ftr-365	457	13	on	on	ADP
ftr-365	457	14	double	double	ADJ
ftr-365	457	15	taxation	taxation	NOUN
ftr-365	457	16	and	and	CCONJ
ftr-365	457	17	tax	tax	NOUN
ftr-365	457	18	evasion	evasion	NOUN
ftr-365	457	19	,	,	PUNCT
ftr-365	457	20	league	league	NOUN
ftr-365	457	21	of	of	ADP
ftr-365	457	22	nations	nation	NOUN
ftr-365	457	23	,	,	PUNCT
ftr-365	457	24	doc	doc	PROPN
ftr-365	457	25	.	.	PROPN
ftr-365	457	26	c.562.m.178	c.562.m.178	PROPN
ftr-365	457	27	.	.	PUNCT
ftr-365	458	1	1928	1928	NUM
ftr-365	458	2	ii	ii	PROPN
ftr-365	458	3	(	(	PUNCT
ftr-365	458	4	oct	oct	PROPN
ftr-365	458	5	.	.	PROPN
ftr-365	458	6	31	31	NUM
ftr-365	458	7	,	,	PUNCT
ftr-365	458	8	1928	1928	NUM
ftr-365	458	9	)	)	PUNCT
ftr-365	458	10	(	(	PUNCT
ftr-365	458	11	hereinafter	hereinafter	NOUN
ftr-365	458	12	“	"	PUNCT
ftr-365	458	13	league	league	PROPN
ftr-365	458	14	of	of	ADP
ftr-365	458	15	nations	nation	NOUN
ftr-365	458	16	report	report	NOUN
ftr-365	458	17	(	(	PUNCT
ftr-365	458	18	1928	1928	NUM
ftr-365	458	19	)	)	PUNCT
ftr-365	458	20	”	"	PUNCT
ftr-365	458	21	)	)	PUNCT
ftr-365	458	22	.	.	PUNCT
ftr-365	459	1	103	103	NUM
ftr-365	459	2	.	.	PUNCT
ftr-365	460	1	i	i	PRON
ftr-365	460	2	d.	d.	PROPN
ftr-365	460	3	see	see	VERB
ftr-365	460	4	also	also	ADV
ftr-365	460	5	jcx	jcx	VERB
ftr-365	460	6	40	40	NUM
ftr-365	460	7	-	-	SYM
ftr-365	460	8	99	99	NUM
ftr-365	460	9	,	,	PUNCT
ftr-365	460	10	supra	supra	PROPN
ftr-365	460	11	note	note	NOUN
ftr-365	460	12	63	63	NUM
ftr-365	460	13	.	.	PUNCT
ftr-365	460	14	2008	2008	NUM
ftr-365	460	15	]	]	PUNCT
ftr-365	461	1	the	the	DET
ftr-365	461	2	case	case	NOUN
ftr-365	461	3	for	for	ADP
ftr-365	461	4	residency	residency	NOUN
ftr-365	461	5	-	-	PUNCT
ftr-365	461	6	based	base	VERB
ftr-365	461	7	taxation	taxation	NOUN
ftr-365	461	8	21	21	NUM
ftr-365	461	9	source	source	NOUN
ftr-365	461	10	-	-	PUNCT
ftr-365	461	11	based	base	VERB
ftr-365	461	12	taxation	taxation	NOUN
ftr-365	461	13	of	of	ADP
ftr-365	461	14	active	active	ADJ
ftr-365	461	15	income	income	NOUN
ftr-365	461	16	is	be	AUX
ftr-365	461	17	limited	limited	ADJ
ftr-365	461	18	,	,	PUNCT
ftr-365	461	19	however	however	ADV
ftr-365	461	20	,	,	PUNCT
ftr-365	461	21	under	under	ADP
ftr-365	461	22	all	all	DET
ftr-365	461	23	three	three	NUM
ftr-365	461	24	treaty	treaty	NOUN
ftr-365	461	25	models	model	NOUN
ftr-365	461	26	to	to	PART
ftr-365	461	27	income	income	VERB
ftr-365	461	28	that	that	PRON
ftr-365	461	29	is	be	AUX
ftr-365	461	30	“	"	PUNCT
ftr-365	461	31	attributable	attributable	ADJ
ftr-365	461	32	”	"	PUNCT
ftr-365	461	33	to	to	ADP
ftr-365	461	34	a	a	DET
ftr-365	461	35	“	"	PUNCT
ftr-365	461	36	permanent	permanent	ADJ
ftr-365	461	37	establishment	establishment	NOUN
ftr-365	461	38	”	"	PUNCT
ftr-365	461	39	at	at	ADP
ftr-365	461	40	the	the	DET
ftr-365	461	41	source	source	NOUN
ftr-365	461	42	country	country	NOUN
ftr-365	461	43	.	.	PUNCT
ftr-365	462	1	104	104	NUM
ftr-365	462	2	in	in	ADP
ftr-365	462	3	both	both	CCONJ
ftr-365	462	4	the	the	DET
ftr-365	462	5	united	united	PROPN
ftr-365	462	6	states	states	PROPN
ftr-365	462	7	and	and	CCONJ
ftr-365	462	8	oecd	oecd	PROPN
ftr-365	462	9	models	model	NOUN
ftr-365	462	10	,	,	PUNCT
ftr-365	462	11	there	there	PRON
ftr-365	462	12	is	be	VERB
ftr-365	462	13	no	no	DET
ftr-365	462	14	“	"	PUNCT
ftr-365	462	15	force	force	NOUN
ftr-365	462	16	of	of	ADP
ftr-365	462	17	attraction	attraction	NOUN
ftr-365	462	18	”	"	PUNCT
ftr-365	462	19	rule	rule	NOUN
ftr-365	462	20	;	;	PUNCT
ftr-365	462	21	therefore	therefore	ADV
ftr-365	462	22	,	,	PUNCT
ftr-365	462	23	only	only	ADJ
ftr-365	462	24	income	income	NOUN
ftr-365	462	25	that	that	PRON
ftr-365	462	26	is	be	AUX
ftr-365	462	27	attributable	attributable	ADJ
ftr-365	462	28	to	to	ADP
ftr-365	462	29	a	a	DET
ftr-365	462	30	permanent	permanent	ADJ
ftr-365	462	31	establishment	establishment	NOUN
ftr-365	462	32	is	be	AUX
ftr-365	462	33	taxed	tax	VERB
ftr-365	462	34	by	by	ADP
ftr-365	462	35	the	the	DET
ftr-365	462	36	source	source	NOUN
ftr-365	462	37	country	country	NOUN
ftr-365	462	38	,	,	PUNCT
ftr-365	462	39	while	while	SCONJ
ftr-365	462	40	income	income	NOUN
ftr-365	462	41	that	that	PRON
ftr-365	462	42	is	be	AUX
ftr-365	462	43	not	not	PART
ftr-365	462	44	attributable	attributable	ADJ
ftr-365	462	45	to	to	ADP
ftr-365	462	46	such	such	ADJ
ftr-365	462	47	permanent	permanent	ADJ
ftr-365	462	48	establishment	establishment	NOUN
ftr-365	462	49	is	be	AUX
ftr-365	462	50	subject	subject	ADJ
ftr-365	462	51	to	to	ADP
ftr-365	462	52	the	the	DET
ftr-365	462	53	rates	rate	NOUN
ftr-365	462	54	set	set	VERB
ftr-365	462	55	forth	forth	ADP
ftr-365	462	56	in	in	ADP
ftr-365	462	57	the	the	DET
ftr-365	462	58	treaty	treaty	NOUN
ftr-365	462	59	for	for	ADP
ftr-365	462	60	other	other	ADJ
ftr-365	462	61	types	type	NOUN
ftr-365	462	62	of	of	ADP
ftr-365	462	63	income	income	NOUN
ftr-365	462	64	.	.	PUNCT
ftr-365	463	1	105	105	NUM
ftr-365	463	2	as	as	ADP
ftr-365	463	3	a	a	DET
ftr-365	463	4	result	result	NOUN
ftr-365	463	5	,	,	PUNCT
ftr-365	463	6	whether	whether	SCONJ
ftr-365	463	7	the	the	DET
ftr-365	463	8	source	source	NOUN
ftr-365	463	9	country	country	NOUN
ftr-365	463	10	can	can	AUX
ftr-365	463	11	tax	tax	VERB
ftr-365	463	12	a	a	DET
ftr-365	463	13	certain	certain	ADJ
ftr-365	463	14	item	item	NOUN
ftr-365	463	15	of	of	ADP
ftr-365	463	16	income	income	NOUN
ftr-365	463	17	would	would	AUX
ftr-365	463	18	depend	depend	VERB
ftr-365	463	19	on	on	ADP
ftr-365	463	20	how	how	SCONJ
ftr-365	463	21	high	high	ADJ
ftr-365	463	22	the	the	DET
ftr-365	463	23	permanent	permanent	ADJ
ftr-365	463	24	establishment	establishment	NOUN
ftr-365	463	25	threshold	threshold	NOUN
ftr-365	463	26	is	be	AUX
ftr-365	463	27	set	set	VERB
ftr-365	463	28	.	.	PUNCT
ftr-365	464	1	in	in	ADP
ftr-365	464	2	general	general	ADJ
ftr-365	464	3	,	,	PUNCT
ftr-365	464	4	the	the	DET
ftr-365	464	5	permanent	permanent	ADJ
ftr-365	464	6	establishment	establishment	NOUN
ftr-365	464	7	threshold	threshold	NOUN
ftr-365	464	8	for	for	ADP
ftr-365	464	9	physical	physical	ADJ
ftr-365	464	10	presence	presence	NOUN
ftr-365	464	11	is	be	AUX
ftr-365	464	12	higher	high	ADJ
ftr-365	464	13	than	than	ADP
ftr-365	464	14	the	the	DET
ftr-365	464	15	u.s	u.s	PROPN
ftr-365	464	16	.	.	PROPN
ftr-365	464	17	trade	trade	PROPN
ftr-365	464	18	and	and	CCONJ
ftr-365	464	19	business	business	NOUN
ftr-365	464	20	requirement	requirement	NOUN
ftr-365	464	21	;	;	PUNCT
ftr-365	464	22	thus	thus	ADV
ftr-365	464	23	,	,	PUNCT
ftr-365	464	24	a	a	DET
ftr-365	464	25	treaty	treaty	NOUN
ftr-365	464	26	allows	allow	VERB
ftr-365	464	27	non	non	ADJ
ftr-365	464	28	-	-	ADJ
ftr-365	464	29	u.s	u.s	PROPN
ftr-365	464	30	.	.	PROPN
ftr-365	464	31	residents	resident	NOUN
ftr-365	464	32	to	to	PART
ftr-365	464	33	conduct	conduct	VERB
ftr-365	464	34	more	more	ADJ
ftr-365	464	35	business	business	NOUN
ftr-365	464	36	in	in	ADP
ftr-365	464	37	the	the	DET
ftr-365	464	38	u.s	u.s	PROPN
ftr-365	464	39	.	.	PROPN
ftr-365	464	40	without	without	ADP
ftr-365	464	41	being	be	AUX
ftr-365	464	42	subject	subject	ADJ
ftr-365	464	43	to	to	ADP
ftr-365	464	44	tax	tax	NOUN
ftr-365	464	45	in	in	ADP
ftr-365	464	46	the	the	DET
ftr-365	464	47	u.s	u.s	PROPN
ftr-365	464	48	.	.	PROPN
ftr-365	464	49	in	in	ADP
ftr-365	464	50	1928	1928	NUM
ftr-365	464	51	,	,	PUNCT
ftr-365	464	52	the	the	DET
ftr-365	464	53	league	league	NOUN
ftr-365	464	54	of	of	ADP
ftr-365	464	55	nations	nation	NOUN
ftr-365	464	56	issued	issue	VERB
ftr-365	464	57	a	a	DET
ftr-365	464	58	model	model	NOUN
ftr-365	464	59	for	for	ADP
ftr-365	464	60	bilateral	bilateral	ADJ
ftr-365	464	61	income	income	NOUN
ftr-365	464	62	tax	tax	NOUN
ftr-365	464	63	treaty	treaty	NOUN
ftr-365	464	64	for	for	ADP
ftr-365	464	65	the	the	DET
ftr-365	464	66	reciprocal	reciprocal	ADJ
ftr-365	464	67	relief	relief	NOUN
ftr-365	464	68	of	of	ADP
ftr-365	464	69	double	double	ADJ
ftr-365	464	70	taxation	taxation	NOUN
ftr-365	464	71	of	of	ADP
ftr-365	464	72	international	international	ADJ
ftr-365	464	73	income	income	NOUN
ftr-365	464	74	,	,	PUNCT
ftr-365	464	75	which	which	PRON
ftr-365	464	76	still	still	ADV
ftr-365	464	77	serves	serve	VERB
ftr-365	464	78	as	as	ADP
ftr-365	464	79	the	the	DET
ftr-365	464	80	basis	basis	NOUN
ftr-365	464	81	for	for	ADP
ftr-365	464	82	the	the	DET
ftr-365	464	83	following	follow	VERB
ftr-365	464	84	model	model	NOUN
ftr-365	464	85	income	income	NOUN
ftr-365	464	86	tax	tax	NOUN
ftr-365	464	87	treaties	treaty	NOUN
ftr-365	464	88	:	:	PUNCT
ftr-365	464	89	(	(	PUNCT
ftr-365	464	90	i	i	NOUN
ftr-365	464	91	)	)	PUNCT
ftr-365	464	92	u.n	u.n	PROPN
ftr-365	464	93	.	.	PROPN
ftr-365	464	94	model	model	PROPN
ftr-365	464	95	treaty	treaty	PROPN
ftr-365	464	96	;	;	PUNCT
ftr-365	464	97	(	(	PUNCT
ftr-365	464	98	ii	ii	NOUN
ftr-365	464	99	)	)	PUNCT
ftr-365	464	100	oecd	oecd	PROPN
ftr-365	464	101	model	model	PROPN
ftr-365	464	102	treaty	treaty	NOUN
ftr-365	464	103	;	;	PUNCT
ftr-365	464	104	and	and	CCONJ
ftr-365	464	105	(	(	PUNCT
ftr-365	464	106	iii	iii	X
ftr-365	464	107	)	)	PUNCT
ftr-365	464	108	u.s	u.s	PROPN
ftr-365	464	109	.	.	PROPN
ftr-365	464	110	model	model	PROPN
ftr-365	464	111	treaty	treaty	PROPN
ftr-365	464	112	(	(	PUNCT
ftr-365	464	113	for	for	ADP
ftr-365	464	114	treaties	treaty	NOUN
ftr-365	464	115	to	to	PART
ftr-365	464	116	which	which	PRON
ftr-365	464	117	the	the	DET
ftr-365	464	118	united	united	PROPN
ftr-365	464	119	states	states	PROPN
ftr-365	464	120	is	be	AUX
ftr-365	464	121	a	a	DET
ftr-365	464	122	party	party	NOUN
ftr-365	464	123	)	)	PUNCT
ftr-365	464	124	.	.	PUNCT
ftr-365	465	1	106	106	NUM
ftr-365	465	2	obviously	obviously	ADV
ftr-365	465	3	,	,	PUNCT
ftr-365	465	4	the	the	DET
ftr-365	465	5	u.n	u.n	PROPN
ftr-365	465	6	.	.	PROPN
ftr-365	465	7	model	model	PROPN
ftr-365	465	8	treaty	treaty	NOUN
ftr-365	465	9	is	be	AUX
ftr-365	465	10	the	the	DET
ftr-365	465	11	most	most	ADV
ftr-365	465	12	favorable	favorable	ADJ
ftr-365	465	13	to	to	ADP
ftr-365	465	14	source	source	NOUN
ftr-365	465	15	countries	country	NOUN
ftr-365	465	16	,	,	PUNCT
ftr-365	465	17	because	because	SCONJ
ftr-365	465	18	it	it	PRON
ftr-365	465	19	is	be	AUX
ftr-365	465	20	designed	design	VERB
ftr-365	465	21	for	for	ADP
ftr-365	465	22	developing	develop	VERB
ftr-365	465	23	countries	country	NOUN
ftr-365	465	24	;	;	PUNCT
ftr-365	465	25	the	the	DET
ftr-365	465	26	u.n	u.n	PROPN
ftr-365	465	27	.	.	PROPN
ftr-365	465	28	model	model	PROPN
ftr-365	465	29	treaty	treaty	NOUN
ftr-365	465	30	normally	normally	ADV
ftr-365	465	31	allows	allow	VERB
ftr-365	465	32	more	more	ADJ
ftr-365	465	33	source	source	NOUN
ftr-365	465	34	-	-	PUNCT
ftr-365	465	35	based	base	VERB
ftr-365	465	36	taxation	taxation	NOUN
ftr-365	465	37	104	104	NUM
ftr-365	465	38	.	.	PUNCT
ftr-365	466	1	see	see	VERB
ftr-365	466	2	jcx	jcx	ADJ
ftr-365	466	3	40	40	NUM
ftr-365	466	4	-	-	SYM
ftr-365	466	5	99	99	NUM
ftr-365	466	6	,	,	PUNCT
ftr-365	466	7	supra	supra	PROPN
ftr-365	466	8	note	note	NOUN
ftr-365	466	9	63	63	NUM
ftr-365	466	10	(	(	PUNCT
ftr-365	466	11	“	"	PUNCT
ftr-365	466	12	under	under	ADP
ftr-365	466	13	the	the	DET
ftr-365	466	14	u.s	u.s	PROPN
ftr-365	466	15	.	.	PROPN
ftr-365	466	16	model	model	PROPN
ftr-365	466	17	,	,	PUNCT
ftr-365	466	18	one	one	NUM
ftr-365	466	19	treaty	treaty	NOUN
ftr-365	466	20	country	country	NOUN
ftr-365	466	21	may	may	AUX
ftr-365	466	22	not	not	PART
ftr-365	466	23	tax	tax	VERB
ftr-365	466	24	the	the	DET
ftr-365	466	25	business	business	NOUN
ftr-365	466	26	profits	profit	NOUN
ftr-365	466	27	of	of	ADP
ftr-365	466	28	an	an	DET
ftr-365	466	29	enterprise	enterprise	NOUN
ftr-365	466	30	of	of	ADP
ftr-365	466	31	a	a	DET
ftr-365	466	32	qualified	qualified	ADJ
ftr-365	466	33	resident	resident	NOUN
ftr-365	466	34	of	of	ADP
ftr-365	466	35	the	the	DET
ftr-365	466	36	other	other	ADJ
ftr-365	466	37	treaty	treaty	NOUN
ftr-365	466	38	country	country	NOUN
ftr-365	466	39	,	,	PUNCT
ftr-365	466	40	unless	unless	SCONJ
ftr-365	466	41	the	the	DET
ftr-365	466	42	enterprise	enterprise	NOUN
ftr-365	466	43	carries	carry	VERB
ftr-365	466	44	on	on	ADP
ftr-365	466	45	business	business	NOUN
ftr-365	466	46	in	in	ADP
ftr-365	466	47	the	the	DET
ftr-365	466	48	first	first	ADJ
ftr-365	466	49	country	country	NOUN
ftr-365	466	50	through	through	ADP
ftr-365	466	51	a	a	DET
ftr-365	466	52	permanent	permanent	ADJ
ftr-365	466	53	establishment	establishment	NOUN
ftr-365	466	54	situated	situate	VERB
ftr-365	466	55	there	there	ADV
ftr-365	466	56	.	.	PUNCT
ftr-365	467	1	in	in	ADP
ftr-365	467	2	that	that	DET
ftr-365	467	3	case	case	NOUN
ftr-365	467	4	,	,	PUNCT
ftr-365	467	5	the	the	DET
ftr-365	467	6	business	business	NOUN
ftr-365	467	7	profits	profit	NOUN
ftr-365	467	8	of	of	ADP
ftr-365	467	9	the	the	DET
ftr-365	467	10	enterprise	enterprise	NOUN
ftr-365	467	11	may	may	AUX
ftr-365	467	12	be	be	AUX
ftr-365	467	13	taxed	tax	VERB
ftr-365	467	14	in	in	ADP
ftr-365	467	15	the	the	DET
ftr-365	467	16	first	first	ADJ
ftr-365	467	17	country	country	NOUN
ftr-365	467	18	on	on	ADP
ftr-365	467	19	profits	profit	NOUN
ftr-365	467	20	that	that	PRON
ftr-365	467	21	are	be	AUX
ftr-365	467	22	attributable	attributable	ADJ
ftr-365	467	23	to	to	ADP
ftr-365	467	24	that	that	DET
ftr-365	467	25	permanent	permanent	ADJ
ftr-365	467	26	establishment	establishment	NOUN
ftr-365	467	27	.	.	PUNCT
ftr-365	467	28	”	"	PUNCT
ftr-365	467	29	)	)	PUNCT
ftr-365	467	30	.	.	PUNCT
ftr-365	468	1	105	105	NUM
ftr-365	468	2	.	.	PUNCT
ftr-365	469	1	i	i	PRON
ftr-365	469	2	d.	d.	PROPN
ftr-365	469	3	(	(	PUNCT
ftr-365	469	4	“	"	PUNCT
ftr-365	469	5	the	the	DET
ftr-365	469	6	u.n	u.n	PROPN
ftr-365	469	7	.	.	PROPN
ftr-365	469	8	model	model	PROPN
ftr-365	469	9	adds	add	VERB
ftr-365	469	10	a	a	DET
ftr-365	469	11	limited	limited	ADJ
ftr-365	469	12	‘	'	PUNCT
ftr-365	469	13	force	force	NOUN
ftr-365	469	14	of	of	ADP
ftr-365	469	15	attraction	attraction	NOUN
ftr-365	469	16	rule	rule	NOUN
ftr-365	469	17	’	'	PUNCT
ftr-365	469	18	which	which	PRON
ftr-365	469	19	would	would	AUX
ftr-365	469	20	allow	allow	VERB
ftr-365	469	21	the	the	DET
ftr-365	469	22	country	country	NOUN
ftr-365	469	23	in	in	ADP
ftr-365	469	24	which	which	PRON
ftr-365	469	25	the	the	DET
ftr-365	469	26	permanent	permanent	ADJ
ftr-365	469	27	establishment	establishment	NOUN
ftr-365	469	28	is	be	AUX
ftr-365	469	29	located	locate	VERB
ftr-365	469	30	to	to	PART
ftr-365	469	31	attribute	attribute	VERB
ftr-365	469	32	to	to	ADP
ftr-365	469	33	the	the	DET
ftr-365	469	34	permanent	permanent	ADJ
ftr-365	469	35	establishment	establishment	NOUN
ftr-365	469	36	sales	sale	NOUN
ftr-365	469	37	in	in	ADP
ftr-365	469	38	that	that	DET
ftr-365	469	39	country	country	NOUN
ftr-365	469	40	of	of	ADP
ftr-365	469	41	goods	good	NOUN
ftr-365	469	42	or	or	CCONJ
ftr-365	469	43	merchandise	merchandise	NOUN
ftr-365	469	44	of	of	ADP
ftr-365	469	45	the	the	DET
ftr-365	469	46	same	same	ADJ
ftr-365	469	47	or	or	CCONJ
ftr-365	469	48	similar	similar	ADJ
ftr-365	469	49	kind	kind	NOUN
ftr-365	469	50	as	as	ADP
ftr-365	469	51	those	those	PRON
ftr-365	469	52	sold	sell	VERB
ftr-365	469	53	through	through	ADP
ftr-365	469	54	the	the	DET
ftr-365	469	55	permanent	permanent	ADJ
ftr-365	469	56	establishment	establishment	NOUN
ftr-365	469	57	,	,	PUNCT
ftr-365	469	58	and	and	CCONJ
ftr-365	469	59	to	to	PART
ftr-365	469	60	attribute	attribute	VERB
ftr-365	469	61	to	to	ADP
ftr-365	469	62	the	the	DET
ftr-365	469	63	permanent	permanent	ADJ
ftr-365	469	64	establishment	establishment	NOUN
ftr-365	469	65	other	other	ADJ
ftr-365	469	66	business	business	NOUN
ftr-365	469	67	activities	activity	NOUN
ftr-365	469	68	carried	carry	VERB
ftr-365	469	69	on	on	ADP
ftr-365	469	70	in	in	ADP
ftr-365	469	71	that	that	DET
ftr-365	469	72	country	country	NOUN
ftr-365	469	73	of	of	ADP
ftr-365	469	74	the	the	DET
ftr-365	469	75	same	same	ADJ
ftr-365	469	76	or	or	CCONJ
ftr-365	469	77	similar	similar	ADJ
ftr-365	469	78	kind	kind	NOUN
ftr-365	469	79	as	as	ADP
ftr-365	469	80	those	those	PRON
ftr-365	469	81	effected	effect	VERB
ftr-365	469	82	through	through	ADP
ftr-365	469	83	the	the	DET
ftr-365	469	84	permanent	permanent	ADJ
ftr-365	469	85	establishment	establishment	NOUN
ftr-365	469	86	.	.	PUNCT
ftr-365	469	87	”	"	PUNCT
ftr-365	469	88	)	)	PUNCT
ftr-365	469	89	.	.	PUNCT
ftr-365	470	1	106	106	NUM
ftr-365	470	2	.	.	PUNCT
ftr-365	471	1	graetz	graetz	PROPN
ftr-365	471	2	&	&	CCONJ
ftr-365	471	3	o’hear	o’hear	PROPN
ftr-365	471	4	(	(	PUNCT
ftr-365	471	5	1997	1997	NUM
ftr-365	471	6	)	)	PUNCT
ftr-365	471	7	,	,	PUNCT
ftr-365	471	8	supra	supra	PROPN
ftr-365	471	9	note	note	VERB
ftr-365	471	10	45	45	NUM
ftr-365	471	11	,	,	PUNCT
ftr-365	471	12	at	at	ADP
ftr-365	471	13	1023	1023	NUM
ftr-365	471	14	.	.	PUNCT
ftr-365	472	1	see	see	AUX
ftr-365	472	2	also	also	ADV
ftr-365	472	3	jcx	jcx	VERB
ftr-365	472	4	40	40	NUM
ftr-365	472	5	-	-	SYM
ftr-365	472	6	99	99	NUM
ftr-365	472	7	,	,	PUNCT
ftr-365	472	8	supra	supra	PROPN
ftr-365	472	9	note	note	NOUN
ftr-365	472	10	63	63	NUM
ftr-365	472	11	(	(	PUNCT
ftr-365	472	12	“	"	PUNCT
ftr-365	472	13	the	the	DET
ftr-365	472	14	preferred	preferred	ADJ
ftr-365	472	15	tax	tax	NOUN
ftr-365	472	16	treaty	treaty	NOUN
ftr-365	472	17	policies	policy	NOUN
ftr-365	472	18	of	of	ADP
ftr-365	472	19	the	the	DET
ftr-365	472	20	united	united	PROPN
ftr-365	472	21	states	states	PROPN
ftr-365	472	22	have	have	AUX
ftr-365	472	23	been	be	AUX
ftr-365	472	24	expressed	express	VERB
ftr-365	472	25	from	from	ADP
ftr-365	472	26	time	time	NOUN
ftr-365	472	27	to	to	ADP
ftr-365	472	28	time	time	NOUN
ftr-365	472	29	in	in	ADP
ftr-365	472	30	model	model	NOUN
ftr-365	472	31	treaties	treaty	NOUN
ftr-365	472	32	and	and	CCONJ
ftr-365	472	33	agreements	agreement	NOUN
ftr-365	472	34	.	.	PUNCT
ftr-365	473	1	the	the	DET
ftr-365	473	2	organization	organization	NOUN
ftr-365	473	3	for	for	ADP
ftr-365	473	4	economic	economic	ADJ
ftr-365	473	5	cooperation	cooperation	NOUN
ftr-365	473	6	and	and	CCONJ
ftr-365	473	7	development	development	NOUN
ftr-365	473	8	(	(	PUNCT
ftr-365	473	9	the	the	DET
ftr-365	473	10	‘	'	PUNCT
ftr-365	473	11	oecd	oecd	PROPN
ftr-365	473	12	’	'	PUNCT
ftr-365	473	13	)	)	PUNCT
ftr-365	473	14	also	also	ADV
ftr-365	473	15	has	have	AUX
ftr-365	473	16	published	publish	VERB
ftr-365	473	17	model	model	NOUN
ftr-365	473	18	tax	tax	NOUN
ftr-365	473	19	treaties	treaty	NOUN
ftr-365	473	20	.	.	PUNCT
ftr-365	474	1	in	in	ADP
ftr-365	474	2	addition	addition	NOUN
ftr-365	474	3	,	,	PUNCT
ftr-365	474	4	the	the	DET
ftr-365	474	5	united	united	PROPN
ftr-365	474	6	nations	nations	PROPN
ftr-365	474	7	has	have	AUX
ftr-365	474	8	published	publish	VERB
ftr-365	474	9	a	a	DET
ftr-365	474	10	model	model	NOUN
ftr-365	474	11	treaty	treaty	NOUN
ftr-365	474	12	for	for	ADP
ftr-365	474	13	use	use	NOUN
ftr-365	474	14	between	between	ADP
ftr-365	474	15	developed	develop	VERB
ftr-365	474	16	and	and	CCONJ
ftr-365	474	17	developing	develop	VERB
ftr-365	474	18	countries	country	NOUN
ftr-365	474	19	.	.	PUNCT
ftr-365	475	1	the	the	DET
ftr-365	475	2	treasury	treasury	PROPN
ftr-365	475	3	department	department	PROPN
ftr-365	475	4	,	,	PUNCT
ftr-365	475	5	which	which	PRON
ftr-365	475	6	together	together	ADV
ftr-365	475	7	with	with	ADP
ftr-365	475	8	the	the	DET
ftr-365	475	9	state	state	NOUN
ftr-365	475	10	department	department	NOUN
ftr-365	475	11	is	be	AUX
ftr-365	475	12	responsible	responsible	ADJ
ftr-365	475	13	for	for	ADP
ftr-365	475	14	negotiating	negotiate	VERB
ftr-365	475	15	tax	tax	NOUN
ftr-365	475	16	treaties	treaty	NOUN
ftr-365	475	17	,	,	PUNCT
ftr-365	475	18	last	last	ADV
ftr-365	475	19	published	publish	VERB
ftr-365	475	20	a	a	DET
ftr-365	475	21	proposed	propose	VERB
ftr-365	475	22	model	model	NOUN
ftr-365	475	23	income	income	NOUN
ftr-365	475	24	tax	tax	NOUN
ftr-365	475	25	treaty	treaty	NOUN
ftr-365	475	26	in	in	ADP
ftr-365	475	27	september	september	PROPN
ftr-365	475	28	1996	1996	NUM
ftr-365	475	29	(	(	PUNCT
ftr-365	475	30	the	the	DET
ftr-365	475	31	‘	'	PUNCT
ftr-365	475	32	u.s	u.s	PROPN
ftr-365	475	33	.	.	PROPN
ftr-365	475	34	model	model	NOUN
ftr-365	475	35	’	'	PUNCT
ftr-365	475	36	)	)	PUNCT
ftr-365	475	37	.	.	PUNCT
ftr-365	476	1	the	the	DET
ftr-365	476	2	oecd	oecd	PROPN
ftr-365	476	3	last	last	ADV
ftr-365	476	4	published	publish	VERB
ftr-365	476	5	a	a	DET
ftr-365	476	6	model	model	NOUN
ftr-365	476	7	income	income	NOUN
ftr-365	476	8	tax	tax	NOUN
ftr-365	476	9	treaty	treaty	NOUN
ftr-365	476	10	in	in	ADP
ftr-365	476	11	1992	1992	NUM
ftr-365	476	12	(	(	PUNCT
ftr-365	476	13	‘	'	PUNCT
ftr-365	476	14	the	the	DET
ftr-365	476	15	oecd	oecd	PROPN
ftr-365	476	16	model	model	NOUN
ftr-365	476	17	’	'	PUNCT
ftr-365	476	18	)	)	PUNCT
ftr-365	476	19	.	.	PUNCT
ftr-365	477	1	the	the	DET
ftr-365	477	2	united	united	PROPN
ftr-365	477	3	nations	nations	PROPN
ftr-365	477	4	last	last	ADV
ftr-365	477	5	published	publish	VERB
ftr-365	477	6	a	a	DET
ftr-365	477	7	model	model	NOUN
ftr-365	477	8	income	income	NOUN
ftr-365	477	9	tax	tax	NOUN
ftr-365	477	10	treaty	treaty	NOUN
ftr-365	477	11	in	in	ADP
ftr-365	477	12	1980	1980	NUM
ftr-365	477	13	(	(	PUNCT
ftr-365	477	14	‘	'	PUNCT
ftr-365	477	15	the	the	DET
ftr-365	477	16	u.n	u.n	PROPN
ftr-365	477	17	.	.	PROPN
ftr-365	477	18	model	model	PROPN
ftr-365	477	19	’	'	PUNCT
ftr-365	477	20	)	)	PUNCT
ftr-365	477	21	.	.	PUNCT
ftr-365	477	22	”	"	PUNCT
ftr-365	477	23	)	)	PUNCT
ftr-365	477	24	.	.	PUNCT
ftr-365	478	1	22	22	NUM
ftr-365	478	2	florida	florida	PROPN
ftr-365	478	3	tax	tax	NOUN
ftr-365	478	4	review	review	NOUN
ftr-365	478	5	[	[	X
ftr-365	478	6	vol	vol	NOUN
ftr-365	478	7	.	.	PUNCT
ftr-365	478	8	9:1	9:1	NUM
ftr-365	478	9	than	than	ADP
ftr-365	478	10	the	the	DET
ftr-365	478	11	u.s./oecd	u.s./oecd	PROPN
ftr-365	478	12	models	model	NOUN
ftr-365	478	13	.	.	PUNCT
ftr-365	479	1	107	107	NUM
ftr-365	479	2	the	the	DET
ftr-365	479	3	u.s	u.s	PROPN
ftr-365	479	4	.	.	PROPN
ftr-365	479	5	model	model	PROPN
ftr-365	479	6	treaty	treaty	PROPN
ftr-365	479	7	,	,	PUNCT
ftr-365	479	8	on	on	ADP
ftr-365	479	9	the	the	DET
ftr-365	479	10	other	other	ADJ
ftr-365	479	11	hand	hand	NOUN
ftr-365	479	12	,	,	PUNCT
ftr-365	479	13	is	be	AUX
ftr-365	479	14	the	the	DET
ftr-365	479	15	least	least	ADV
ftr-365	479	16	favorable	favorable	ADJ
ftr-365	479	17	to	to	ADP
ftr-365	479	18	source	source	NOUN
ftr-365	479	19	countries	country	NOUN
ftr-365	479	20	,	,	PUNCT
ftr-365	479	21	because	because	SCONJ
ftr-365	479	22	it	it	PRON
ftr-365	479	23	is	be	AUX
ftr-365	479	24	designed	design	VERB
ftr-365	479	25	for	for	ADP
ftr-365	479	26	the	the	DET
ftr-365	479	27	u.s	u.s	PROPN
ftr-365	479	28	.	.	PROPN
ftr-365	479	29	,	,	PUNCT
ftr-365	479	30	a	a	DET
ftr-365	479	31	capital	capital	NOUN
ftr-365	479	32	exporter	exporter	NOUN
ftr-365	479	33	.	.	PUNCT
ftr-365	480	1	the	the	DET
ftr-365	480	2	motivation	motivation	NOUN
ftr-365	480	3	of	of	ADP
ftr-365	480	4	a	a	DET
ftr-365	480	5	developing	develop	VERB
ftr-365	480	6	country	country	NOUN
ftr-365	480	7	to	to	PART
ftr-365	480	8	enter	enter	VERB
ftr-365	480	9	into	into	ADP
ftr-365	480	10	a	a	DET
ftr-365	480	11	treaty	treaty	NOUN
ftr-365	480	12	with	with	ADP
ftr-365	480	13	a	a	DET
ftr-365	480	14	developed	develop	VERB
ftr-365	480	15	country	country	NOUN
ftr-365	480	16	is	be	AUX
ftr-365	480	17	obvious	obvious	ADJ
ftr-365	480	18	because	because	SCONJ
ftr-365	480	19	a	a	DET
ftr-365	480	20	tax	tax	NOUN
ftr-365	480	21	treaty	treaty	NOUN
ftr-365	480	22	creates	create	VERB
ftr-365	480	23	stability	stability	NOUN
ftr-365	480	24	.	.	PUNCT
ftr-365	481	1	specifically	specifically	ADV
ftr-365	481	2	,	,	PUNCT
ftr-365	481	3	many	many	ADJ
ftr-365	481	4	developing	develop	VERB
ftr-365	481	5	countries	country	NOUN
ftr-365	481	6	do	do	AUX
ftr-365	481	7	not	not	PART
ftr-365	481	8	have	have	VERB
ftr-365	481	9	stable	stable	ADJ
ftr-365	481	10	regimes	regime	NOUN
ftr-365	481	11	,	,	PUNCT
ftr-365	481	12	and	and	CCONJ
ftr-365	481	13	the	the	DET
ftr-365	481	14	existence	existence	NOUN
ftr-365	481	15	of	of	ADP
ftr-365	481	16	a	a	DET
ftr-365	481	17	tax	tax	NOUN
ftr-365	481	18	treaty	treaty	NOUN
ftr-365	481	19	protects	protect	VERB
ftr-365	481	20	foreign	foreign	ADJ
ftr-365	481	21	investors	investor	NOUN
ftr-365	481	22	from	from	ADP
ftr-365	481	23	sudden	sudden	ADJ
ftr-365	481	24	increases	increase	NOUN
ftr-365	481	25	in	in	ADP
ftr-365	481	26	the	the	DET
ftr-365	481	27	tax	tax	NOUN
ftr-365	481	28	rates	rate	NOUN
ftr-365	481	29	.	.	PUNCT
ftr-365	482	1	stability	stability	NOUN
ftr-365	482	2	is	be	AUX
ftr-365	482	3	often	often	ADV
ftr-365	482	4	more	more	ADV
ftr-365	482	5	important	important	ADJ
ftr-365	482	6	for	for	ADP
ftr-365	482	7	u.s	u.s	PROPN
ftr-365	482	8	.	.	PROPN
ftr-365	482	9	investors	investor	NOUN
ftr-365	482	10	than	than	ADP
ftr-365	482	11	the	the	DET
ftr-365	482	12	actual	actual	ADJ
ftr-365	482	13	tax	tax	NOUN
ftr-365	482	14	rates	rate	NOUN
ftr-365	482	15	.	.	PUNCT
ftr-365	483	1	further	far	ADV
ftr-365	483	2	,	,	PUNCT
ftr-365	483	3	a	a	DET
ftr-365	483	4	tax	tax	NOUN
ftr-365	483	5	treaty	treaty	NOUN
ftr-365	483	6	would	would	AUX
ftr-365	483	7	provide	provide	VERB
ftr-365	483	8	foreign	foreign	ADJ
ftr-365	483	9	investors	investor	NOUN
ftr-365	483	10	with	with	ADP
ftr-365	483	11	information	information	NOUN
ftr-365	483	12	about	about	ADP
ftr-365	483	13	current	current	ADJ
ftr-365	483	14	taxes	taxis	NOUN
ftr-365	483	15	.	.	PUNCT
ftr-365	484	1	finally	finally	ADV
ftr-365	484	2	,	,	PUNCT
ftr-365	484	3	a	a	DET
ftr-365	484	4	tax	tax	NOUN
ftr-365	484	5	treaty	treaty	NOUN
ftr-365	484	6	would	would	AUX
ftr-365	484	7	bring	bring	VERB
ftr-365	484	8	the	the	DET
ftr-365	484	9	developing	develop	VERB
ftr-365	484	10	country	country	NOUN
ftr-365	484	11	closer	close	ADV
ftr-365	484	12	to	to	ADP
ftr-365	484	13	the	the	DET
ftr-365	484	14	community	community	NOUN
ftr-365	484	15	of	of	ADP
ftr-365	484	16	developed	develop	VERB
ftr-365	484	17	countries	country	NOUN
ftr-365	484	18	.	.	PUNCT
ftr-365	485	1	iii	iii	X
ftr-365	485	2	.	.	PUNCT
ftr-365	486	1	taxation	taxation	NOUN
ftr-365	486	2	of	of	ADP
ftr-365	486	3	cross	cross	ADJ
ftr-365	486	4	-	-	ADJ
ftr-365	486	5	border	border	ADJ
ftr-365	486	6	financial	financial	ADJ
ftr-365	486	7	transactions	transaction	NOUN
ftr-365	486	8	a.	a.	NOUN
ftr-365	486	9	general	general	PROPN
ftr-365	486	10	income	income	NOUN
ftr-365	486	11	and	and	CCONJ
ftr-365	486	12	deduction	deduction	NOUN
ftr-365	486	13	items	item	NOUN
ftr-365	486	14	from	from	ADP
ftr-365	486	15	financial	financial	ADJ
ftr-365	486	16	transactions	transaction	NOUN
ftr-365	486	17	generally	generally	ADV
ftr-365	486	18	include	include	VERB
ftr-365	486	19	:	:	PUNCT
ftr-365	486	20	(	(	PUNCT
ftr-365	486	21	1	1	X
ftr-365	486	22	)	)	PUNCT
ftr-365	486	23	interest	interest	NOUN
ftr-365	486	24	and	and	CCONJ
ftr-365	486	25	dividend	dividend	NOUN
ftr-365	486	26	income	income	NOUN
ftr-365	486	27	/	/	SYM
ftr-365	486	28	deduction	deduction	NOUN
ftr-365	486	29	on	on	ADP
ftr-365	486	30	debt	debt	NOUN
ftr-365	486	31	and	and	CCONJ
ftr-365	486	32	equity	equity	NOUN
ftr-365	486	33	instruments	instrument	NOUN
ftr-365	486	34	(	(	PUNCT
ftr-365	486	35	ordinary	ordinary	ADJ
ftr-365	486	36	income	income	NOUN
ftr-365	486	37	)	)	PUNCT
ftr-365	486	38	;	;	PUNCT
ftr-365	486	39	(	(	PUNCT
ftr-365	486	40	2	2	X
ftr-365	486	41	)	)	PUNCT
ftr-365	486	42	ordinary	ordinary	ADJ
ftr-365	486	43	income	income	NOUN
ftr-365	486	44	/	/	SYM
ftr-365	486	45	deductions	deduction	NOUN
ftr-365	486	46	from	from	ADP
ftr-365	486	47	other	other	ADJ
ftr-365	486	48	types	type	NOUN
ftr-365	486	49	of	of	ADP
ftr-365	486	50	financial	financial	ADJ
ftr-365	486	51	instruments	instrument	NOUN
ftr-365	486	52	(	(	PUNCT
ftr-365	486	53	e.g.	e.g.	ADV
ftr-365	486	54	,	,	PUNCT
ftr-365	486	55	notional	notional	ADJ
ftr-365	486	56	principal	principal	ADJ
ftr-365	486	57	contracts	contract	NOUN
ftr-365	486	58	)	)	PUNCT
ftr-365	486	59	;	;	PUNCT
ftr-365	486	60	and	and	CCONJ
ftr-365	486	61	(	(	PUNCT
ftr-365	486	62	3	3	X
ftr-365	486	63	)	)	PUNCT
ftr-365	486	64	capital	capital	NOUN
ftr-365	486	65	gains	gain	NOUN
ftr-365	486	66	/	/	SYM
ftr-365	486	67	losses	loss	NOUN
ftr-365	486	68	.	.	PUNCT
ftr-365	487	1	for	for	ADP
ftr-365	487	2	each	each	PRON
ftr-365	487	3	of	of	ADP
ftr-365	487	4	the	the	DET
ftr-365	487	5	above	above	ADJ
ftr-365	487	6	items	item	NOUN
ftr-365	487	7	,	,	PUNCT
ftr-365	487	8	there	there	PRON
ftr-365	487	9	are	be	VERB
ftr-365	487	10	three	three	NUM
ftr-365	487	11	different	different	ADJ
ftr-365	487	12	tax	tax	NOUN
ftr-365	487	13	related	relate	VERB
ftr-365	487	14	issues	issue	NOUN
ftr-365	487	15	:	:	PUNCT
ftr-365	487	16	(	(	PUNCT
ftr-365	487	17	1	1	X
ftr-365	487	18	)	)	PUNCT
ftr-365	487	19	the	the	DET
ftr-365	487	20	character	character	NOUN
ftr-365	487	21	of	of	ADP
ftr-365	487	22	the	the	DET
ftr-365	487	23	income	income	NOUN
ftr-365	487	24	(	(	PUNCT
ftr-365	487	25	ordinary	ordinary	ADJ
ftr-365	487	26	v.	v.	ADP
ftr-365	487	27	capital	capital	NOUN
ftr-365	487	28	)	)	PUNCT
ftr-365	487	29	,	,	PUNCT
ftr-365	487	30	(	(	PUNCT
ftr-365	487	31	2	2	X
ftr-365	487	32	)	)	PUNCT
ftr-365	487	33	the	the	DET
ftr-365	487	34	time	time	NOUN
ftr-365	487	35	when	when	SCONJ
ftr-365	487	36	the	the	DET
ftr-365	487	37	income	income	NOUN
ftr-365	487	38	or	or	CCONJ
ftr-365	487	39	deduction	deduction	NOUN
ftr-365	487	40	is	be	AUX
ftr-365	487	41	recognized	recognize	VERB
ftr-365	487	42	,	,	PUNCT
ftr-365	487	43	and	and	CCONJ
ftr-365	487	44	(	(	PUNCT
ftr-365	487	45	3	3	X
ftr-365	487	46	)	)	PUNCT
ftr-365	487	47	whether	whether	SCONJ
ftr-365	487	48	the	the	DET
ftr-365	487	49	income	income	NOUN
ftr-365	487	50	has	have	VERB
ftr-365	487	51	domestic	domestic	ADJ
ftr-365	487	52	or	or	CCONJ
ftr-365	487	53	foreign	foreign	ADJ
ftr-365	487	54	source	source	NOUN
ftr-365	487	55	(	(	PUNCT
ftr-365	487	56	and	and	CCONJ
ftr-365	487	57	whether	whether	SCONJ
ftr-365	487	58	it	it	PRON
ftr-365	487	59	is	be	AUX
ftr-365	487	60	taxed	tax	VERB
ftr-365	487	61	by	by	ADP
ftr-365	487	62	the	the	DET
ftr-365	487	63	source	source	NOUN
ftr-365	487	64	country	country	NOUN
ftr-365	487	65	or	or	CCONJ
ftr-365	487	66	not	not	PART
ftr-365	487	67	)	)	PUNCT
ftr-365	487	68	.	.	PUNCT
ftr-365	488	1	108	108	NUM
ftr-365	488	2	this	this	DET
ftr-365	488	3	article	article	NOUN
ftr-365	488	4	focuses	focus	VERB
ftr-365	488	5	only	only	ADV
ftr-365	488	6	on	on	ADP
ftr-365	488	7	the	the	DET
ftr-365	488	8	third	third	ADJ
ftr-365	488	9	issue	issue	NOUN
ftr-365	488	10	.	.	PUNCT
ftr-365	489	1	as	as	ADP
ftr-365	489	2	of	of	ADP
ftr-365	489	3	today	today	NOUN
ftr-365	489	4	,	,	PUNCT
ftr-365	489	5	only	only	ADV
ftr-365	489	6	a	a	DET
ftr-365	489	7	few	few	ADJ
ftr-365	489	8	countries	country	NOUN
ftr-365	489	9	have	have	AUX
ftr-365	489	10	enacted	enact	VERB
ftr-365	489	11	a	a	DET
ftr-365	489	12	comprehensive	comprehensive	ADJ
ftr-365	489	13	set	set	NOUN
ftr-365	489	14	of	of	ADP
ftr-365	489	15	rules	rule	NOUN
ftr-365	489	16	pertaining	pertain	VERB
ftr-365	489	17	to	to	ADP
ftr-365	489	18	taxation	taxation	NOUN
ftr-365	489	19	of	of	ADP
ftr-365	489	20	financial	financial	ADJ
ftr-365	489	21	instruments	instrument	NOUN
ftr-365	489	22	.	.	PUNCT
ftr-365	490	1	109	109	NUM
ftr-365	490	2	as	as	SCONJ
ftr-365	490	3	victor	victor	PROPN
ftr-365	490	4	thuronyi	thuronyi	PROPN
ftr-365	490	5	indicates	indicate	VERB
ftr-365	490	6	,	,	PUNCT
ftr-365	490	7	however	however	ADV
ftr-365	490	8	,	,	PUNCT
ftr-365	490	9	not	not	PART
ftr-365	490	10	all	all	DET
ftr-365	490	11	countries	country	NOUN
ftr-365	490	12	need	need	VERB
ftr-365	490	13	a	a	DET
ftr-365	490	14	comprehensive	comprehensive	ADJ
ftr-365	490	15	set	set	NOUN
ftr-365	490	16	of	of	ADP
ftr-365	490	17	tax	tax	NOUN
ftr-365	490	18	rules	rule	NOUN
ftr-365	490	19	for	for	ADP
ftr-365	490	20	financial	financial	ADJ
ftr-365	490	21	instruments	instrument	NOUN
ftr-365	490	22	:	:	PUNCT
ftr-365	490	23	“	"	PUNCT
ftr-365	490	24	countries	country	NOUN
ftr-365	490	25	that	that	SCONJ
ftr-365	490	26	(	(	PUNCT
ftr-365	490	27	i	i	NOUN
ftr-365	490	28	)	)	PUNCT
ftr-365	490	29	do	do	AUX
ftr-365	490	30	not	not	PART
ftr-365	490	31	have	have	AUX
ftr-365	490	32	reduced	reduce	VERB
ftr-365	490	33	rates	rate	NOUN
ftr-365	490	34	(	(	PUNCT
ftr-365	490	35	or	or	CCONJ
ftr-365	490	36	exemption	exemption	NOUN
ftr-365	490	37	)	)	PUNCT
ftr-365	490	38	for	for	ADP
ftr-365	490	39	capital	capital	NOUN
ftr-365	490	40	gains	gain	NOUN
ftr-365	490	41	,	,	PUNCT
ftr-365	490	42	(	(	PUNCT
ftr-365	490	43	ii	ii	NOUN
ftr-365	490	44	)	)	PUNCT
ftr-365	490	45	base	base	VERB
ftr-365	490	46	their	their	PRON
ftr-365	490	47	corporate	corporate	ADJ
ftr-365	490	48	income	income	NOUN
ftr-365	490	49	tax	tax	NOUN
ftr-365	490	50	on	on	ADP
ftr-365	490	51	the	the	DET
ftr-365	490	52	financial	financial	ADJ
ftr-365	490	53	accounting	accounting	NOUN
ftr-365	490	54	rules	rule	NOUN
ftr-365	490	55	,	,	PUNCT
ftr-365	490	56	and	and	CCONJ
ftr-365	490	57	(	(	PUNCT
ftr-365	490	58	iii	iii	X
ftr-365	490	59	)	)	PUNCT
ftr-365	490	60	have	have	AUX
ftr-365	490	61	kept	keep	VERB
ftr-365	490	62	their	their	PRON
ftr-365	490	63	corporate	corporate	ADJ
ftr-365	490	64	income	income	NOUN
ftr-365	490	65	tax	tax	NOUN
ftr-365	490	66	rules	rule	NOUN
ftr-365	490	67	simple	simple	ADJ
ftr-365	490	68	therefore	therefore	ADV
ftr-365	490	69	may	may	AUX
ftr-365	490	70	not	not	PART
ftr-365	490	71	need	need	VERB
ftr-365	490	72	extensive	extensive	ADJ
ftr-365	490	73	special	special	ADJ
ftr-365	490	74	rules	rule	NOUN
ftr-365	490	75	for	for	ADP
ftr-365	490	76	[	[	PUNCT
ftr-365	490	77	financial	financial	ADJ
ftr-365	490	78	instruments	instrument	NOUN
ftr-365	490	79	]	]	PUNCT
ftr-365	490	80	in	in	ADP
ftr-365	490	81	their	their	PRON
ftr-365	490	82	domestic	domestic	ADJ
ftr-365	490	83	legislation	legislation	NOUN
ftr-365	490	84	.	.	PUNCT
ftr-365	490	85	”	"	PUNCT
ftr-365	491	1	110	110	NUM
ftr-365	491	2	nevertheless	nevertheless	ADV
ftr-365	491	3	,	,	PUNCT
ftr-365	491	4	the	the	DET
ftr-365	491	5	increasing	increase	VERB
ftr-365	491	6	use	use	NOUN
ftr-365	491	7	of	of	ADP
ftr-365	491	8	financial	financial	ADJ
ftr-365	491	9	instruments	instrument	NOUN
ftr-365	491	10	in	in	ADP
ftr-365	491	11	many	many	ADJ
ftr-365	491	12	countries	country	NOUN
ftr-365	491	13	,	,	PUNCT
ftr-365	491	14	developed	develop	VERB
ftr-365	491	15	and	and	CCONJ
ftr-365	491	16	developing	develop	VERB
ftr-365	491	17	,	,	PUNCT
ftr-365	491	18	requires	require	VERB
ftr-365	491	19	a	a	DET
ftr-365	491	20	new	new	ADJ
ftr-365	491	21	assessment	assessment	NOUN
ftr-365	491	22	of	of	ADP
ftr-365	491	23	the	the	DET
ftr-365	491	24	107	107	NUM
ftr-365	491	25	.	.	PUNCT
ftr-365	492	1	for	for	ADP
ftr-365	492	2	example	example	NOUN
ftr-365	492	3	,	,	PUNCT
ftr-365	492	4	the	the	DET
ftr-365	492	5	u.n	u.n	PROPN
ftr-365	492	6	.	.	PROPN
ftr-365	492	7	model	model	PROPN
ftr-365	492	8	treaty	treaty	NOUN
ftr-365	492	9	increases	increase	VERB
ftr-365	492	10	the	the	DET
ftr-365	492	11	scope	scope	NOUN
ftr-365	492	12	of	of	ADP
ftr-365	492	13	permanent	permanent	ADJ
ftr-365	492	14	establishment	establishment	NOUN
ftr-365	492	15	to	to	PART
ftr-365	492	16	include	include	VERB
ftr-365	492	17	more	more	ADJ
ftr-365	492	18	activities	activity	NOUN
ftr-365	492	19	,	,	PUNCT
ftr-365	492	20	such	such	ADJ
ftr-365	492	21	as	as	ADP
ftr-365	492	22	reducing	reduce	VERB
ftr-365	492	23	the	the	DET
ftr-365	492	24	length	length	NOUN
ftr-365	492	25	of	of	ADP
ftr-365	492	26	construction	construction	NOUN
ftr-365	492	27	work	work	NOUN
ftr-365	492	28	that	that	PRON
ftr-365	492	29	is	be	AUX
ftr-365	492	30	viewed	view	VERB
ftr-365	492	31	as	as	ADP
ftr-365	492	32	a	a	DET
ftr-365	492	33	permanent	permanent	ADJ
ftr-365	492	34	establishment	establishment	NOUN
ftr-365	492	35	from	from	ADP
ftr-365	492	36	twelve	twelve	NUM
ftr-365	492	37	to	to	PART
ftr-365	492	38	six	six	NUM
ftr-365	492	39	months	month	NOUN
ftr-365	492	40	.	.	PUNCT
ftr-365	493	1	108	108	NUM
ftr-365	493	2	.	.	PUNCT
ftr-365	494	1	see	see	VERB
ftr-365	494	2	thuronyi	thuronyi	PROPN
ftr-365	494	3	,	,	PUNCT
ftr-365	494	4	supra	supra	PROPN
ftr-365	494	5	note	note	PROPN
ftr-365	494	6	10	10	NUM
ftr-365	494	7	,	,	PUNCT
ftr-365	494	8	at	at	ADP
ftr-365	494	9	261	261	NUM
ftr-365	494	10	.	.	PUNCT
ftr-365	494	11	109	109	NUM
ftr-365	494	12	.	.	PUNCT
ftr-365	495	1	i	i	PRON
ftr-365	495	2	d.	d.	PROPN
ftr-365	495	3	these	these	DET
ftr-365	495	4	countries	country	NOUN
ftr-365	495	5	include	include	VERB
ftr-365	495	6	the	the	DET
ftr-365	495	7	united	united	PROPN
ftr-365	495	8	states	states	PROPN
ftr-365	495	9	,	,	PUNCT
ftr-365	495	10	united	united	ADJ
ftr-365	495	11	kingdom	kingdom	PROPN
ftr-365	495	12	,	,	PUNCT
ftr-365	495	13	canada	canada	PROPN
ftr-365	495	14	,	,	PUNCT
ftr-365	495	15	australia	australia	PROPN
ftr-365	495	16	,	,	PUNCT
ftr-365	495	17	and	and	CCONJ
ftr-365	495	18	new	new	PROPN
ftr-365	495	19	zealand	zealand	PROPN
ftr-365	495	20	.	.	PUNCT
ftr-365	496	1	110	110	NUM
ftr-365	496	2	.	.	PUNCT
ftr-365	497	1	i	i	PRON
ftr-365	497	2	d.	d.	PROPN
ftr-365	497	3	at	at	ADP
ftr-365	497	4	264	264	NUM
ftr-365	497	5	.	.	PUNCT
ftr-365	497	6	2008	2008	NUM
ftr-365	497	7	]	]	PUNCT
ftr-365	498	1	the	the	DET
ftr-365	498	2	case	case	NOUN
ftr-365	498	3	for	for	ADP
ftr-365	498	4	residency	residency	NOUN
ftr-365	498	5	-	-	PUNCT
ftr-365	498	6	based	base	VERB
ftr-365	498	7	taxation	taxation	NOUN
ftr-365	498	8	23	23	NUM
ftr-365	498	9	need	need	VERB
ftr-365	498	10	to	to	PART
ftr-365	498	11	at	at	ADP
ftr-365	498	12	least	least	ADJ
ftr-365	498	13	establish	establish	VERB
ftr-365	498	14	basic	basic	ADJ
ftr-365	498	15	principles	principle	NOUN
ftr-365	498	16	for	for	ADP
ftr-365	498	17	cross	cross	ADJ
ftr-365	498	18	-	-	ADJ
ftr-365	498	19	border	border	ADJ
ftr-365	498	20	transactions	transaction	NOUN
ftr-365	498	21	.	.	PUNCT
ftr-365	499	1	111	111	NUM
ftr-365	499	2	in	in	ADP
ftr-365	499	3	recent	recent	ADJ
ftr-365	499	4	years	year	NOUN
ftr-365	499	5	,	,	PUNCT
ftr-365	499	6	several	several	ADJ
ftr-365	499	7	countries	country	NOUN
ftr-365	499	8	have	have	AUX
ftr-365	499	9	been	be	AUX
ftr-365	499	10	updating	update	VERB
ftr-365	499	11	their	their	PRON
ftr-365	499	12	income	income	NOUN
ftr-365	499	13	tax	tax	NOUN
ftr-365	499	14	systems	system	NOUN
ftr-365	499	15	to	to	PART
ftr-365	499	16	address	address	VERB
ftr-365	499	17	the	the	DET
ftr-365	499	18	taxation	taxation	NOUN
ftr-365	499	19	of	of	ADP
ftr-365	499	20	financial	financial	ADJ
ftr-365	499	21	transactions	transaction	NOUN
ftr-365	499	22	.	.	PUNCT
ftr-365	500	1	112	112	NUM
ftr-365	500	2	a	a	DET
ftr-365	500	3	fundamental	fundamental	ADJ
ftr-365	500	4	distinction	distinction	NOUN
ftr-365	500	5	in	in	ADP
ftr-365	500	6	the	the	DET
ftr-365	500	7	context	context	NOUN
ftr-365	500	8	of	of	ADP
ftr-365	500	9	cross	cross	ADJ
ftr-365	500	10	-	-	ADJ
ftr-365	500	11	border	border	ADJ
ftr-365	500	12	investment	investment	NOUN
ftr-365	500	13	is	be	AUX
ftr-365	500	14	between	between	ADP
ftr-365	500	15	direct	direct	ADJ
ftr-365	500	16	and	and	CCONJ
ftr-365	500	17	portfolio	portfolio	NOUN
ftr-365	500	18	investment	investment	NOUN
ftr-365	500	19	.	.	PUNCT
ftr-365	501	1	113	113	NUM
ftr-365	501	2	as	as	SCONJ
ftr-365	501	3	opposed	oppose	VERB
ftr-365	501	4	to	to	ADP
ftr-365	501	5	taxation	taxation	NOUN
ftr-365	501	6	of	of	ADP
ftr-365	501	7	cross	cross	NOUN
ftr-365	501	8	border	border	NOUN
ftr-365	501	9	direct	direct	ADJ
ftr-365	501	10	investment	investment	NOUN
ftr-365	501	11	,	,	PUNCT
ftr-365	501	12	the	the	DET
ftr-365	501	13	tax	tax	NOUN
ftr-365	501	14	literature	literature	NOUN
ftr-365	501	15	on	on	ADP
ftr-365	501	16	taxation	taxation	NOUN
ftr-365	501	17	of	of	ADP
ftr-365	501	18	portfolio	portfolio	NOUN
ftr-365	501	19	investment	investment	NOUN
ftr-365	501	20	is	be	AUX
ftr-365	501	21	relatively	relatively	ADV
ftr-365	501	22	thin	thin	ADJ
ftr-365	501	23	.	.	PUNCT
ftr-365	502	1	114	114	NUM
ftr-365	502	2	nevertheless	nevertheless	ADV
ftr-365	502	3	,	,	PUNCT
ftr-365	502	4	cross	cross	VERB
ftr-365	502	5	-border	-border	NOUN
ftr-365	502	6	portfolio	portfolio	NOUN
ftr-365	502	7	investment	investment	NOUN
ftr-365	502	8	has	have	AUX
ftr-365	502	9	been	be	AUX
ftr-365	502	10	booming	boom	VERB
ftr-365	502	11	in	in	ADP
ftr-365	502	12	recent	recent	ADJ
ftr-365	502	13	years	year	NOUN
ftr-365	502	14	,	,	PUNCT
ftr-365	502	15	and	and	CCONJ
ftr-365	502	16	it	it	PRON
ftr-365	502	17	can	can	AUX
ftr-365	502	18	no	no	ADV
ftr-365	502	19	longer	long	ADV
ftr-365	502	20	be	be	AUX
ftr-365	502	21	ignored	ignore	VERB
ftr-365	502	22	.	.	PUNCT
ftr-365	502	23	115	115	NUM
ftr-365	503	1	according	accord	VERB
ftr-365	503	2	to	to	ADP
ftr-365	503	3	reich	reich	PROPN
ftr-365	503	4	,	,	PUNCT
ftr-365	503	5	“	"	PUNCT
ftr-365	503	6	portfolio	portfolio	NOUN
ftr-365	503	7	investment	investment	NOUN
ftr-365	503	8	”	"	PUNCT
ftr-365	503	9	generally	generally	ADV
ftr-365	503	10	means	mean	VERB
ftr-365	503	11	“	"	PUNCT
ftr-365	503	12	investments	investment	NOUN
ftr-365	503	13	in	in	ADP
ftr-365	503	14	stocks	stock	NOUN
ftr-365	503	15	and	and	CCONJ
ftr-365	503	16	debt	debt	NOUN
ftr-365	503	17	and	and	CCONJ
ftr-365	503	18	other	other	ADJ
ftr-365	503	19	securities	security	NOUN
ftr-365	503	20	of	of	ADP
ftr-365	503	21	u.s	u.s	PROPN
ftr-365	503	22	.	.	PROPN
ftr-365	503	23	issuers	issuer	NOUN
ftr-365	503	24	(	(	PUNCT
ftr-365	503	25	and	and	CCONJ
ftr-365	503	26	derivatives	derivative	NOUN
ftr-365	503	27	relating	relate	VERB
ftr-365	503	28	thereto	thereto	VERB
ftr-365	503	29	)	)	PUNCT
ftr-365	503	30	by	by	ADP
ftr-365	503	31	non	non	ADJ
ftr-365	503	32	-	-	ADJ
ftr-365	503	33	u.s	u.s	PROPN
ftr-365	503	34	.	.	PROPN
ftr-365	503	35	persons	person	NOUN
ftr-365	503	36	that	that	PRON
ftr-365	503	37	do	do	VERB
ftr-365	503	38	not	not	PART
ftr-365	503	39	directly	directly	ADV
ftr-365	503	40	,	,	PUNCT
ftr-365	503	41	indirectly	indirectly	ADV
ftr-365	503	42	,	,	PUNCT
ftr-365	503	43	or	or	CCONJ
ftr-365	503	44	constructively	constructively	ADV
ftr-365	503	45	own	own	VERB
ftr-365	503	46	a	a	DET
ftr-365	503	47	substantial	substantial	ADJ
ftr-365	503	48	equity	equity	NOUN
ftr-365	503	49	interest	interest	NOUN
ftr-365	503	50	in	in	ADP
ftr-365	503	51	the	the	DET
ftr-365	503	52	u.s	u.s	PROPN
ftr-365	503	53	.	.	PROPN
ftr-365	503	54	issuer	issuer	PROPN
ftr-365	503	55	,	,	PUNCT
ftr-365	503	56	where	where	SCONJ
ftr-365	503	57	such	such	ADJ
ftr-365	503	58	investments	investment	NOUN
ftr-365	503	59	are	be	AUX
ftr-365	503	60	not	not	PART
ftr-365	503	61	effectively	effectively	ADV
ftr-365	503	62	connected	connect	VERB
ftr-365	503	63	with	with	ADP
ftr-365	503	64	a	a	DET
ftr-365	503	65	u.s	u.s	PROPN
ftr-365	503	66	.	.	PROPN
ftr-365	503	67	trade	trade	NOUN
ftr-365	503	68	or	or	CCONJ
ftr-365	503	69	business	business	NOUN
ftr-365	503	70	of	of	ADP
ftr-365	503	71	such	such	ADJ
ftr-365	503	72	non	non	ADJ
ftr-365	503	73	-	-	ADJ
ftr-365	503	74	u.s	u.s	ADJ
ftr-365	503	75	.	.	PROPN
ftr-365	503	76	persons	person	NOUN
ftr-365	503	77	.	.	PUNCT
ftr-365	503	78	.	.	PUNCT
ftr-365	503	79	.	.	PUNCT
ftr-365	504	1	the	the	DET
ftr-365	504	2	dividing	dividing	NOUN
ftr-365	504	3	line	line	NOUN
ftr-365	504	4	between	between	ADP
ftr-365	504	5	portfolio	portfolio	NOUN
ftr-365	504	6	investments	investment	NOUN
ftr-365	504	7	and	and	CCONJ
ftr-365	504	8	relatedparty	relatedparty	NOUN
ftr-365	504	9	investments	investment	NOUN
ftr-365	504	10	varies	vary	VERB
ftr-365	504	11	,	,	PUNCT
ftr-365	504	12	and	and	CCONJ
ftr-365	504	13	may	may	AUX
ftr-365	504	14	for	for	ADP
ftr-365	504	15	example	example	NOUN
ftr-365	504	16	be	be	AUX
ftr-365	504	17	5	5	NUM
ftr-365	504	18	%	%	NOUN
ftr-365	504	19	,	,	PUNCT
ftr-365	504	20	10	10	NUM
ftr-365	504	21	%	%	NOUN
ftr-365	504	22	,	,	PUNCT
ftr-365	504	23	or	or	CCONJ
ftr-365	504	24	50	50	NUM
ftr-365	504	25	%	%	NOUN
ftr-365	504	26	,	,	PUNCT
ftr-365	504	27	depending	depend	VERB
ftr-365	504	28	on	on	ADP
ftr-365	504	29	the	the	DET
ftr-365	504	30	particular	particular	ADJ
ftr-365	504	31	statutory	statutory	ADJ
ftr-365	504	32	or	or	CCONJ
ftr-365	504	33	regulatory	regulatory	ADJ
ftr-365	504	34	provision	provision	NOUN
ftr-365	504	35	.	.	PUNCT
ftr-365	504	36	”	"	PUNCT
ftr-365	505	1	116	116	NUM
ftr-365	505	2	direct	direct	ADJ
ftr-365	505	3	investment	investment	NOUN
ftr-365	505	4	is	be	AUX
ftr-365	505	5	generally	generally	ADV
ftr-365	505	6	defined	define	VERB
ftr-365	505	7	as	as	ADP
ftr-365	505	8	any	any	DET
ftr-365	505	9	type	type	NOUN
ftr-365	505	10	of	of	ADP
ftr-365	505	11	investment	investment	NOUN
ftr-365	505	12	other	other	ADJ
ftr-365	505	13	than	than	ADP
ftr-365	505	14	“	"	PUNCT
ftr-365	505	15	portfolio	portfolio	NOUN
ftr-365	505	16	investment	investment	NOUN
ftr-365	505	17	.	.	PUNCT
ftr-365	505	18	”	"	PUNCT
ftr-365	506	1	many	many	ADJ
ftr-365	506	2	countries	country	NOUN
ftr-365	506	3	,	,	PUNCT
ftr-365	506	4	developed	develop	VERB
ftr-365	506	5	and	and	CCONJ
ftr-365	506	6	developing	develop	VERB
ftr-365	506	7	,	,	PUNCT
ftr-365	506	8	face	face	VERB
ftr-365	506	9	a	a	DET
ftr-365	506	10	serious	serious	ADJ
ftr-365	506	11	conflict	conflict	NOUN
ftr-365	506	12	between	between	ADP
ftr-365	506	13	imposing	impose	VERB
ftr-365	506	14	higher	high	ADJ
ftr-365	506	15	rates	rate	NOUN
ftr-365	506	16	on	on	ADP
ftr-365	506	17	passive	passive	ADJ
ftr-365	506	18	income	income	NOUN
ftr-365	506	19	sourced	source	VERB
ftr-365	506	20	therein	therein	ADV
ftr-365	506	21	to	to	PART
ftr-365	506	22	generate	generate	VERB
ftr-365	506	23	revenue	revenue	NOUN
ftr-365	506	24	and	and	CCONJ
ftr-365	506	25	providing	provide	VERB
ftr-365	506	26	tax	tax	NOUN
ftr-365	506	27	relief	relief	NOUN
ftr-365	506	28	to	to	PART
ftr-365	506	29	attract	attract	VERB
ftr-365	506	30	foreign	foreign	ADJ
ftr-365	506	31	investors	investor	NOUN
ftr-365	506	32	.	.	PUNCT
ftr-365	507	1	117	117	NUM
ftr-365	507	2	in	in	ADP
ftr-365	507	3	the	the	DET
ftr-365	507	4	case	case	NOUN
ftr-365	507	5	of	of	ADP
ftr-365	507	6	financial	financial	ADJ
ftr-365	507	7	transactions	transaction	NOUN
ftr-365	507	8	,	,	PUNCT
ftr-365	507	9	the	the	DET
ftr-365	507	10	conflict	conflict	NOUN
ftr-365	507	11	becomes	become	VERB
ftr-365	507	12	even	even	ADV
ftr-365	507	13	harder	hard	ADV
ftr-365	507	14	,	,	PUNCT
ftr-365	507	15	since	since	SCONJ
ftr-365	507	16	money	money	NOUN
ftr-365	507	17	is	be	AUX
ftr-365	507	18	fungible	fungible	ADJ
ftr-365	507	19	,	,	PUNCT
ftr-365	507	20	and	and	CCONJ
ftr-365	507	21	foreign	foreign	ADJ
ftr-365	507	22	investors	investor	NOUN
ftr-365	507	23	can	can	AUX
ftr-365	507	24	easily	easily	ADV
ftr-365	507	25	switch	switch	VERB
ftr-365	507	26	their	their	PRON
ftr-365	507	27	investments	investment	NOUN
ftr-365	507	28	from	from	ADP
ftr-365	507	29	one	one	NUM
ftr-365	507	30	country	country	NOUN
ftr-365	507	31	to	to	ADP
ftr-365	507	32	another	another	PRON
ftr-365	507	33	in	in	ADP
ftr-365	507	34	response	response	NOUN
ftr-365	507	35	to	to	ADP
ftr-365	507	36	tax	tax	NOUN
ftr-365	507	37	burden	burden	NOUN
ftr-365	507	38	.	.	PUNCT
ftr-365	508	1	118	118	NUM
ftr-365	508	2	in	in	ADP
ftr-365	508	3	1991	1991	NUM
ftr-365	508	4	,	,	PUNCT
ftr-365	508	5	the	the	DET
ftr-365	508	6	oecd	oecd	PROPN
ftr-365	508	7	praised	praise	VERB
ftr-365	508	8	the	the	DET
ftr-365	508	9	benefits	benefit	NOUN
ftr-365	508	10	of	of	ADP
ftr-365	508	11	globalization	globalization	NOUN
ftr-365	508	12	:	:	PUNCT
ftr-365	508	13	capital	capital	NOUN
ftr-365	508	14	markets	market	NOUN
ftr-365	508	15	in	in	ADP
ftr-365	508	16	oecd	oecd	PROPN
ftr-365	508	17	countries	country	NOUN
ftr-365	508	18	are	be	AUX
ftr-365	508	19	increasingly	increasingly	ADV
ftr-365	508	20	integrated	integrate	VERB
ftr-365	508	21	as	as	SCONJ
ftr-365	508	22	member	member	NOUN
ftr-365	508	23	countries	country	NOUN
ftr-365	508	24	have	have	AUX
ftr-365	508	25	removed	remove	VERB
ftr-365	508	26	controls	control	NOUN
ftr-365	508	27	on	on	ADP
ftr-365	508	28	international	international	ADJ
ftr-365	508	29	111	111	NUM
ftr-365	508	30	.	.	PUNCT
ftr-365	509	1	see	see	VERB
ftr-365	509	2	e.g.	e.g.	ADV
ftr-365	509	3	,	,	PUNCT
ftr-365	509	4	the	the	DET
ftr-365	509	5	united	united	PROPN
ftr-365	509	6	kingdom	kingdom	PROPN
ftr-365	509	7	finance	finance	PROPN
ftr-365	509	8	act	act	NOUN
ftr-365	509	9	of	of	ADP
ftr-365	509	10	2002	2002	NUM
ftr-365	509	11	.	.	PUNCT
ftr-365	510	1	112	112	NUM
ftr-365	510	2	.	.	PUNCT
ftr-365	511	1	i	i	PRON
ftr-365	511	2	d.	d.	PROPN
ftr-365	511	3	see	see	VERB
ftr-365	511	4	also	also	ADV
ftr-365	511	5	recent	recent	ADJ
ftr-365	511	6	tax	tax	NOUN
ftr-365	511	7	reforms	reform	NOUN
ftr-365	511	8	in	in	ADP
ftr-365	511	9	mexico	mexico	PROPN
ftr-365	511	10	.	.	PUNCT
ftr-365	512	1	113	113	NUM
ftr-365	512	2	.	.	PUNCT
ftr-365	513	1	graetz	graetz	PROPN
ftr-365	513	2	&	&	CCONJ
ftr-365	513	3	greenberg	greenberg	PROPN
ftr-365	513	4	(	(	PUNCT
ftr-365	513	5	2003	2003	NUM
ftr-365	513	6	)	)	PUNCT
ftr-365	513	7	,	,	PUNCT
ftr-365	513	8	supra	supra	PROPN
ftr-365	513	9	note	note	PROPN
ftr-365	513	10	88	88	NUM
ftr-365	513	11	,	,	PUNCT
ftr-365	513	12	at	at	ADP
ftr-365	513	13	538	538	NUM
ftr-365	513	14	.	.	PUNCT
ftr-365	513	15	114	114	NUM
ftr-365	513	16	.	.	PUNCT
ftr-365	514	1	i	i	PRON
ftr-365	514	2	d.	d.	PROPN
ftr-365	514	3	115	115	NUM
ftr-365	514	4	.	.	PUNCT
ftr-365	515	1	i	i	PRON
ftr-365	515	2	d.	d.	PROPN
ftr-365	515	3	116	116	NUM
ftr-365	515	4	.	.	PUNCT
ftr-365	516	1	see	see	VERB
ftr-365	516	2	reich	reich	PROPN
ftr-365	516	3	(	(	PUNCT
ftr-365	516	4	1998	1998	NUM
ftr-365	516	5	)	)	PUNCT
ftr-365	516	6	,	,	PUNCT
ftr-365	516	7	supra	supra	PROPN
ftr-365	516	8	note	note	NOUN
ftr-365	516	9	11	11	NUM
ftr-365	516	10	.	.	PUNCT
ftr-365	517	1	see	see	AUX
ftr-365	517	2	also	also	ADV
ftr-365	517	3	jcx	jcx	VERB
ftr-365	517	4	40	40	NUM
ftr-365	517	5	-	-	SYM
ftr-365	517	6	99	99	NUM
ftr-365	517	7	,	,	PUNCT
ftr-365	517	8	supra	supra	PROPN
ftr-365	517	9	note	note	NOUN
ftr-365	517	10	63	63	NUM
ftr-365	517	11	.	.	PUNCT
ftr-365	517	12	117	117	NUM
ftr-365	517	13	.	.	PUNCT
ftr-365	518	1	see	see	VERB
ftr-365	518	2	leif	leif	NOUN
ftr-365	518	3	muten	muten	PROPN
ftr-365	518	4	,	,	PUNCT
ftr-365	518	5	international	international	ADJ
ftr-365	518	6	experience	experience	NOUN
ftr-365	518	7	of	of	ADP
ftr-365	518	8	how	how	SCONJ
ftr-365	518	9	taxes	taxis	NOUN
ftr-365	518	10	influence	influence	VERB
ftr-365	518	11	the	the	DET
ftr-365	518	12	movement	movement	NOUN
ftr-365	518	13	of	of	ADP
ftr-365	518	14	private	private	ADJ
ftr-365	518	15	capital	capital	NOUN
ftr-365	518	16	,	,	PUNCT
ftr-365	518	17	8	8	NUM
ftr-365	518	18	tax	tax	NOUN
ftr-365	518	19	notes	note	NOUN
ftr-365	518	20	int’l	int’l	NOUN
ftr-365	518	21	743	743	NUM
ftr-365	518	22	,	,	PUNCT
ftr-365	518	23	744	744	NUM
ftr-365	518	24	(	(	PUNCT
ftr-365	518	25	1994	1994	NUM
ftr-365	518	26	)	)	PUNCT
ftr-365	518	27	.	.	PUNCT
ftr-365	519	1	118	118	NUM
ftr-365	519	2	.	.	PUNCT
ftr-365	520	1	graetz	graetz	PROPN
ftr-365	520	2	and	and	CCONJ
ftr-365	520	3	greenberg	greenberg	PROPN
ftr-365	520	4	(	(	PUNCT
ftr-365	520	5	2003	2003	NUM
ftr-365	520	6	)	)	PUNCT
ftr-365	520	7	,	,	PUNCT
ftr-365	520	8	supra	supra	PROPN
ftr-365	520	9	note	note	PROPN
ftr-365	520	10	88	88	NUM
ftr-365	520	11	,	,	PUNCT
ftr-365	520	12	at	at	ADP
ftr-365	520	13	549	549	NUM
ftr-365	520	14	(	(	PUNCT
ftr-365	520	15	“	"	PUNCT
ftr-365	520	16	in	in	ADP
ftr-365	520	17	contrast	contrast	NOUN
ftr-365	520	18	[	[	X
ftr-365	520	19	to	to	PART
ftr-365	520	20	direct	direct	ADJ
ftr-365	520	21	investment	investment	NOUN
ftr-365	520	22	]	]	PUNCT
ftr-365	520	23	,	,	PUNCT
ftr-365	520	24	portfolio	portfolio	NOUN
ftr-365	520	25	investment	investment	NOUN
ftr-365	520	26	dollars	dollar	NOUN
ftr-365	520	27	are	be	AUX
ftr-365	520	28	volatile	volatile	ADJ
ftr-365	520	29	and	and	CCONJ
ftr-365	520	30	move	move	VERB
ftr-365	520	31	rapidly	rapidly	ADV
ftr-365	520	32	throughout	throughout	ADP
ftr-365	520	33	the	the	DET
ftr-365	520	34	world	world	NOUN
ftr-365	520	35	seeking	seek	VERB
ftr-365	520	36	the	the	DET
ftr-365	520	37	highest	high	ADJ
ftr-365	520	38	return	return	NOUN
ftr-365	520	39	possible	possible	ADJ
ftr-365	520	40	for	for	ADP
ftr-365	520	41	a	a	DET
ftr-365	520	42	given	give	VERB
ftr-365	520	43	level	level	NOUN
ftr-365	520	44	of	of	ADP
ftr-365	520	45	risk	risk	NOUN
ftr-365	520	46	.	.	PUNCT
ftr-365	521	1	[	[	X
ftr-365	521	2	footnote	footnote	NOUN
ftr-365	521	3	omitted	omit	VERB
ftr-365	521	4	]	]	PUNCT
ftr-365	521	5	in	in	ADP
ftr-365	521	6	portfolios	portfolio	NOUN
ftr-365	521	7	managed	manage	VERB
ftr-365	521	8	by	by	ADP
ftr-365	521	9	investment	investment	NOUN
ftr-365	521	10	professionals	professional	NOUN
ftr-365	521	11	,	,	PUNCT
ftr-365	521	12	investments	investment	NOUN
ftr-365	521	13	in	in	ADP
ftr-365	521	14	one	one	NUM
ftr-365	521	15	foreign	foreign	ADJ
ftr-365	521	16	country	country	NOUN
ftr-365	521	17	are	be	AUX
ftr-365	521	18	frequently	frequently	ADV
ftr-365	521	19	interchangeable	interchangeable	ADJ
ftr-365	521	20	with	with	ADP
ftr-365	521	21	investments	investment	NOUN
ftr-365	521	22	in	in	ADP
ftr-365	521	23	countries	country	NOUN
ftr-365	521	24	with	with	ADP
ftr-365	521	25	similar	similar	ADJ
ftr-365	521	26	risk	risk	NOUN
ftr-365	521	27	/	/	SYM
ftr-365	521	28	return	return	NOUN
ftr-365	521	29	profiles	profile	NOUN
ftr-365	521	30	.	.	PUNCT
ftr-365	522	1	[	[	X
ftr-365	522	2	footnote	footnote	NOUN
ftr-365	522	3	omitted	omit	VERB
ftr-365	522	4	]	]	PUNCT
ftr-365	522	5	one	one	NUM
ftr-365	522	6	consequence	consequence	NOUN
ftr-365	522	7	is	be	AUX
ftr-365	522	8	that	that	SCONJ
ftr-365	522	9	portfolio	portfolio	NOUN
ftr-365	522	10	investment	investment	NOUN
ftr-365	522	11	dollars	dollar	NOUN
ftr-365	522	12	abroad	abroad	ADV
ftr-365	522	13	may	may	AUX
ftr-365	522	14	substitute	substitute	VERB
ftr-365	522	15	for	for	ADP
ftr-365	522	16	investments	investment	NOUN
ftr-365	522	17	at	at	ADP
ftr-365	522	18	home	home	NOUN
ftr-365	522	19	.	.	PUNCT
ftr-365	522	20	”	"	PUNCT
ftr-365	522	21	)	)	PUNCT
ftr-365	522	22	.	.	PUNCT
ftr-365	523	1	24	24	NUM
ftr-365	523	2	florida	florida	PROPN
ftr-365	523	3	tax	tax	NOUN
ftr-365	523	4	review	review	NOUN
ftr-365	523	5	[	[	X
ftr-365	523	6	vol	vol	NOUN
ftr-365	523	7	.	.	PUNCT
ftr-365	523	8	9:1	9:1	NUM
ftr-365	523	9	investment	investment	NOUN
ftr-365	523	10	and	and	CCONJ
ftr-365	523	11	foreign	foreign	ADJ
ftr-365	523	12	exchange	exchange	NOUN
ftr-365	523	13	regulations	regulation	NOUN
ftr-365	523	14	.	.	PUNCT
ftr-365	524	1	at	at	ADP
ftr-365	524	2	the	the	DET
ftr-365	524	3	same	same	ADJ
ftr-365	524	4	time	time	NOUN
ftr-365	524	5	,	,	PUNCT
ftr-365	524	6	the	the	DET
ftr-365	524	7	proportion	proportion	NOUN
ftr-365	524	8	of	of	ADP
ftr-365	524	9	international	international	ADJ
ftr-365	524	10	activities	activity	NOUN
ftr-365	524	11	accounted	account	VERB
ftr-365	524	12	for	for	ADP
ftr-365	524	13	by	by	ADP
ftr-365	524	14	large	large	ADJ
ftr-365	524	15	multinational	multinational	ADJ
ftr-365	524	16	enterprises	enterprise	NOUN
ftr-365	524	17	(	(	PUNCT
ftr-365	524	18	mnes	mne	NOUN
ftr-365	524	19	)	)	PUNCT
ftr-365	524	20	has	have	AUX
ftr-365	524	21	increased	increase	VERB
ftr-365	524	22	.	.	PUNCT
ftr-365	525	1	one	one	NUM
ftr-365	525	2	consequence	consequence	NOUN
ftr-365	525	3	of	of	ADP
ftr-365	525	4	this	this	DET
ftr-365	525	5	gradual	gradual	ADJ
ftr-365	525	6	liberalization	liberalization	NOUN
ftr-365	525	7	and	and	CCONJ
ftr-365	525	8	globalization	globalization	NOUN
ftr-365	525	9	is	be	AUX
ftr-365	525	10	that	that	SCONJ
ftr-365	525	11	international	international	ADJ
ftr-365	525	12	capital	capital	NOUN
ftr-365	525	13	flows	flow	NOUN
ftr-365	525	14	may	may	AUX
ftr-365	525	15	have	have	AUX
ftr-365	525	16	become	become	VERB
ftr-365	525	17	more	more	ADV
ftr-365	525	18	sensitive	sensitive	ADJ
ftr-365	525	19	to	to	ADP
ftr-365	525	20	differences	difference	NOUN
ftr-365	525	21	in	in	ADP
ftr-365	525	22	the	the	DET
ftr-365	525	23	tax	tax	NOUN
ftr-365	525	24	regimes	regime	NOUN
ftr-365	525	25	between	between	ADP
ftr-365	525	26	countries	country	NOUN
ftr-365	525	27	.	.	PUNCT
ftr-365	526	1	119	119	NUM
ftr-365	526	2	nevertheless	nevertheless	ADV
ftr-365	526	3	,	,	PUNCT
ftr-365	526	4	seven	seven	NUM
ftr-365	526	5	years	year	NOUN
ftr-365	526	6	later	later	ADV
ftr-365	526	7	,	,	PUNCT
ftr-365	526	8	the	the	DET
ftr-365	526	9	oecd	oecd	PROPN
ftr-365	526	10	report	report	NOUN
ftr-365	526	11	(	(	PUNCT
ftr-365	526	12	1998	1998	NUM
ftr-365	526	13	)	)	PUNCT
ftr-365	526	14	on	on	ADP
ftr-365	526	15	harmful	harmful	ADJ
ftr-365	526	16	tax	tax	NOUN
ftr-365	526	17	competition	competition	NOUN
ftr-365	526	18	alerted	alert	VERB
ftr-365	526	19	that	that	SCONJ
ftr-365	526	20	“	"	PUNCT
ftr-365	526	21	the	the	DET
ftr-365	526	22	process	process	NOUN
ftr-365	526	23	of	of	ADP
ftr-365	526	24	globalization	globalization	NOUN
ftr-365	526	25	has	have	AUX
ftr-365	526	26	led	lead	VERB
ftr-365	526	27	to	to	ADP
ftr-365	526	28	increased	increase	VERB
ftr-365	526	29	competition	competition	NOUN
ftr-365	526	30	among	among	ADP
ftr-365	526	31	businesses	business	NOUN
ftr-365	526	32	in	in	ADP
ftr-365	526	33	the	the	DET
ftr-365	526	34	global	global	ADJ
ftr-365	526	35	market	market	NOUN
ftr-365	526	36	place	place	NOUN
ftr-365	526	37	.	.	PUNCT
ftr-365	526	38	”	"	PUNCT
ftr-365	527	1	120	120	NUM
ftr-365	527	2	thus	thus	ADV
ftr-365	527	3	,	,	PUNCT
ftr-365	527	4	the	the	DET
ftr-365	527	5	conflict	conflict	NOUN
ftr-365	527	6	that	that	PRON
ftr-365	527	7	many	many	ADJ
ftr-365	527	8	countries	country	NOUN
ftr-365	527	9	face	face	VERB
ftr-365	527	10	today	today	NOUN
ftr-365	527	11	is	be	AUX
ftr-365	527	12	between	between	ADP
ftr-365	527	13	reducing	reduce	VERB
ftr-365	527	14	the	the	DET
ftr-365	527	15	tax	tax	NOUN
ftr-365	527	16	burden	burden	NOUN
ftr-365	527	17	of	of	ADP
ftr-365	527	18	financial	financial	ADJ
ftr-365	527	19	transactions	transaction	NOUN
ftr-365	527	20	to	to	PART
ftr-365	527	21	attract	attract	VERB
ftr-365	527	22	foreign	foreign	ADJ
ftr-365	527	23	investors	investor	NOUN
ftr-365	527	24	and	and	CCONJ
ftr-365	527	25	not	not	PART
ftr-365	527	26	being	be	AUX
ftr-365	527	27	criticized	criticize	VERB
ftr-365	527	28	at	at	ADP
ftr-365	527	29	engaging	engage	VERB
ftr-365	527	30	in	in	ADP
ftr-365	527	31	harmful	harmful	ADJ
ftr-365	527	32	tax	tax	NOUN
ftr-365	527	33	competition	competition	NOUN
ftr-365	527	34	.	.	PUNCT
ftr-365	528	1	121	121	NUM
ftr-365	528	2	this	this	DET
ftr-365	528	3	article	article	NOUN
ftr-365	528	4	suggests	suggest	VERB
ftr-365	528	5	that	that	SCONJ
ftr-365	528	6	country	country	NOUN
ftr-365	528	7	d	d	AUX
ftr-365	528	8	generally	generally	ADV
ftr-365	528	9	follow	follow	VERB
ftr-365	528	10	the	the	DET
ftr-365	528	11	footsteps	footstep	NOUN
ftr-365	528	12	of	of	ADP
ftr-365	528	13	the	the	DET
ftr-365	528	14	united	united	PROPN
ftr-365	528	15	states	states	PROPN
ftr-365	528	16	in	in	ADP
ftr-365	528	17	taxation	taxation	NOUN
ftr-365	528	18	of	of	ADP
ftr-365	528	19	certain	certain	ADJ
ftr-365	528	20	cross	cross	ADJ
ftr-365	528	21	-	-	ADJ
ftr-365	528	22	border	border	ADJ
ftr-365	528	23	financial	financial	ADJ
ftr-365	528	24	transactions	transaction	NOUN
ftr-365	528	25	.	.	PUNCT
ftr-365	529	1	this	this	DET
ftr-365	529	2	way	way	NOUN
ftr-365	529	3	,	,	PUNCT
ftr-365	529	4	it	it	PRON
ftr-365	529	5	can	can	AUX
ftr-365	529	6	successfully	successfully	ADV
ftr-365	529	7	attract	attract	VERB
ftr-365	529	8	foreign	foreign	ADJ
ftr-365	529	9	investment	investment	NOUN
ftr-365	529	10	,	,	PUNCT
ftr-365	529	11	but	but	CCONJ
ftr-365	529	12	will	will	AUX
ftr-365	529	13	not	not	PART
ftr-365	529	14	be	be	AUX
ftr-365	529	15	viewed	view	VERB
ftr-365	529	16	as	as	ADP
ftr-365	529	17	engaging	engage	VERB
ftr-365	529	18	in	in	ADP
ftr-365	529	19	harmful	harmful	ADJ
ftr-365	529	20	tax	tax	NOUN
ftr-365	529	21	competition	competition	NOUN
ftr-365	529	22	.	.	PUNCT
ftr-365	530	1	b.	b.	PROPN
ftr-365	530	2	taxation	taxation	NOUN
ftr-365	530	3	of	of	ADP
ftr-365	530	4	interest	interest	NOUN
ftr-365	530	5	,	,	PUNCT
ftr-365	530	6	dividends	dividend	NOUN
ftr-365	530	7	and	and	CCONJ
ftr-365	530	8	capital	capital	NOUN
ftr-365	530	9	gains	gain	NOUN
ftr-365	530	10	1	1	NUM
ftr-365	530	11	.	.	PUNCT
ftr-365	531	1	taxation	taxation	NOUN
ftr-365	531	2	of	of	ADP
ftr-365	531	3	cross	cross	ADJ
ftr-365	531	4	-	-	ADJ
ftr-365	531	5	border	border	ADJ
ftr-365	531	6	interest	interest	NOUN
ftr-365	531	7	and	and	CCONJ
ftr-365	531	8	dividends	dividend	NOUN
ftr-365	531	9	in	in	ADP
ftr-365	531	10	the	the	DET
ftr-365	531	11	united	united	PROPN
ftr-365	531	12	states	states	PROPN
ftr-365	531	13	as	as	ADV
ftr-365	531	14	well	well	ADV
ftr-365	531	15	as	as	ADP
ftr-365	531	16	many	many	ADJ
ftr-365	531	17	other	other	ADJ
ftr-365	531	18	countries	country	NOUN
ftr-365	531	19	,	,	PUNCT
ftr-365	531	20	the	the	DET
ftr-365	531	21	source	source	NOUN
ftr-365	531	22	of	of	ADP
ftr-365	531	23	income	income	NOUN
ftr-365	531	24	from	from	ADP
ftr-365	531	25	dividend	dividend	NOUN
ftr-365	531	26	and	and	CCONJ
ftr-365	531	27	interest	interest	NOUN
ftr-365	531	28	is	be	AUX
ftr-365	531	29	the	the	DET
ftr-365	531	30	residency	residency	NOUN
ftr-365	531	31	of	of	ADP
ftr-365	531	32	the	the	DET
ftr-365	531	33	payor	payor	NOUN
ftr-365	531	34	.	.	PUNCT
ftr-365	532	1	122	122	NUM
ftr-365	532	2	the	the	DET
ftr-365	532	3	rationale	rationale	NOUN
ftr-365	532	4	behind	behind	ADP
ftr-365	532	5	this	this	DET
ftr-365	532	6	formal	formal	ADJ
ftr-365	532	7	rule	rule	NOUN
ftr-365	532	8	is	be	AUX
ftr-365	532	9	that	that	SCONJ
ftr-365	532	10	it	it	PRON
ftr-365	532	11	is	be	AUX
ftr-365	532	12	administratively	administratively	ADV
ftr-365	532	13	hard	hard	ADJ
ftr-365	532	14	to	to	PART
ftr-365	532	15	tax	tax	VERB
ftr-365	532	16	interest	interest	NOUN
ftr-365	532	17	from	from	ADP
ftr-365	532	18	a	a	DET
ftr-365	532	19	foreign	foreign	ADJ
ftr-365	532	20	corporation	corporation	NOUN
ftr-365	532	21	to	to	ADP
ftr-365	532	22	foreign	foreign	ADJ
ftr-365	532	23	holders	holder	NOUN
ftr-365	532	24	,	,	PUNCT
ftr-365	532	25	but	but	CCONJ
ftr-365	532	26	easier	easy	ADJ
ftr-365	532	27	to	to	PART
ftr-365	532	28	tax	tax	VERB
ftr-365	532	29	interest	interest	NOUN
ftr-365	532	30	and	and	CCONJ
ftr-365	532	31	dividend	dividend	VERB
ftr-365	532	32	from	from	ADP
ftr-365	532	33	a	a	DET
ftr-365	532	34	u.s	u.s	PROPN
ftr-365	532	35	.	.	PROPN
ftr-365	532	36	payor	payor	PROPN
ftr-365	532	37	(	(	PUNCT
ftr-365	532	38	using	use	VERB
ftr-365	532	39	withholding	withholding	NOUN
ftr-365	532	40	)	)	PUNCT
ftr-365	532	41	.	.	PUNCT
ftr-365	533	1	in	in	ADP
ftr-365	533	2	contrast	contrast	NOUN
ftr-365	533	3	,	,	PUNCT
ftr-365	533	4	as	as	SCONJ
ftr-365	533	5	described	describe	VERB
ftr-365	533	6	in	in	ADP
ftr-365	533	7	greater	great	ADJ
ftr-365	533	8	detail	detail	NOUN
ftr-365	533	9	below	below	ADV
ftr-365	533	10	,	,	PUNCT
ftr-365	533	11	the	the	DET
ftr-365	533	12	source	source	NOUN
ftr-365	533	13	of	of	ADP
ftr-365	533	14	income	income	NOUN
ftr-365	533	15	from	from	ADP
ftr-365	533	16	periodic	periodic	ADJ
ftr-365	533	17	payments	payment	NOUN
ftr-365	533	18	on	on	ADP
ftr-365	533	19	a	a	DET
ftr-365	533	20	notional	notional	ADJ
ftr-365	533	21	principal	principal	ADJ
ftr-365	533	22	contract	contract	NOUN
ftr-365	533	23	is	be	AUX
ftr-365	533	24	the	the	DET
ftr-365	533	25	recipient	recipient	NOUN
ftr-365	533	26	’s	’s	PART
ftr-365	533	27	residency	residency	NOUN
ftr-365	533	28	.	.	PUNCT
ftr-365	534	1	123	123	NUM
ftr-365	534	2	other	other	ADJ
ftr-365	534	3	countries	country	NOUN
ftr-365	534	4	,	,	PUNCT
ftr-365	534	5	such	such	ADJ
ftr-365	534	6	as	as	ADP
ftr-365	534	7	mexico	mexico	PROPN
ftr-365	534	8	for	for	ADP
ftr-365	534	9	example	example	NOUN
ftr-365	534	10	,	,	PUNCT
ftr-365	534	11	attempt	attempt	VERB
ftr-365	534	12	to	to	PART
ftr-365	534	13	trace	trace	VERB
ftr-365	534	14	the	the	DET
ftr-365	534	15	economic	economic	ADJ
ftr-365	534	16	source	source	NOUN
ftr-365	534	17	of	of	ADP
ftr-365	534	18	interest	interest	NOUN
ftr-365	534	19	income	income	NOUN
ftr-365	534	20	.	.	PUNCT
ftr-365	535	1	124	124	NUM
ftr-365	535	2	119	119	NUM
ftr-365	535	3	.	.	PUNCT
ftr-365	536	1	john	john	PROPN
ftr-365	536	2	norregaard	norregaard	PROPN
ftr-365	536	3	&	&	CCONJ
ftr-365	536	4	jeffrey	jeffrey	PROPN
ftr-365	536	5	owens	owens	PROPN
ftr-365	536	6	,	,	PUNCT
ftr-365	536	7	taxing	tax	VERB
ftr-365	536	8	profits	profit	NOUN
ftr-365	536	9	in	in	ADP
ftr-365	536	10	a	a	DET
ftr-365	536	11	global	global	ADJ
ftr-365	536	12	economy	economy	NOUN
ftr-365	536	13	,	,	PUNCT
ftr-365	536	14	4	4	NUM
ftr-365	536	15	tax	tax	NOUN
ftr-365	536	16	notes	note	NOUN
ftr-365	536	17	int’l	int’l	NOUN
ftr-365	536	18	491	491	NUM
ftr-365	536	19	(	(	PUNCT
ftr-365	536	20	summarizing	summarize	VERB
ftr-365	536	21	‘	'	PUNCT
ftr-365	536	22	taxing	tax	VERB
ftr-365	536	23	profits	profit	NOUN
ftr-365	536	24	in	in	ADP
ftr-365	536	25	a	a	DET
ftr-365	536	26	global	global	ADJ
ftr-365	536	27	economy	economy	NOUN
ftr-365	536	28	:	:	PUNCT
ftr-365	536	29	domestic	domestic	ADJ
ftr-365	536	30	and	and	CCONJ
ftr-365	536	31	international	international	ADJ
ftr-365	536	32	issues	issue	NOUN
ftr-365	536	33	’	'	PUNCT
ftr-365	536	34	(	(	PUNCT
ftr-365	536	35	oecd	oecd	PROPN
ftr-365	536	36	1992	1992	NUM
ftr-365	536	37	)	)	PUNCT
ftr-365	536	38	)	)	PUNCT
ftr-365	536	39	.	.	PUNCT
ftr-365	537	1	120	120	NUM
ftr-365	537	2	.	.	PUNCT
ftr-365	538	1	oecd	oecd	PROPN
ftr-365	538	2	report	report	PROPN
ftr-365	538	3	(	(	PUNCT
ftr-365	538	4	1998	1998	NUM
ftr-365	538	5	)	)	PUNCT
ftr-365	538	6	,	,	PUNCT
ftr-365	538	7	supra	supra	PROPN
ftr-365	538	8	note	note	NOUN
ftr-365	538	9	1	1	NUM
ftr-365	538	10	,	,	PUNCT
ftr-365	538	11	at	at	ADP
ftr-365	538	12	¶	¶	PROPN
ftr-365	538	13	22	22	NUM
ftr-365	538	14	.	.	PUNCT
ftr-365	538	15	121	121	NUM
ftr-365	538	16	.	.	PUNCT
ftr-365	539	1	see	see	VERB
ftr-365	539	2	generally	generally	ADV
ftr-365	539	3	avi	avi	VERB
ftr-365	539	4	-	-	PUNCT
ftr-365	539	5	yonah	yonah	NOUN
ftr-365	539	6	(	(	PUNCT
ftr-365	539	7	2000	2000	NUM
ftr-365	539	8	)	)	PUNCT
ftr-365	539	9	,	,	PUNCT
ftr-365	539	10	supra	supra	PROPN
ftr-365	539	11	note	note	VERB
ftr-365	539	12	3	3	NUM
ftr-365	539	13	.	.	NOUN
ftr-365	539	14	122	122	NUM
ftr-365	539	15	.	.	PUNCT
ftr-365	540	1	irc	irc	PROPN
ftr-365	540	2	§	§	PROPN
ftr-365	540	3	§	§	PROPN
ftr-365	540	4	861(a)(1	861(a)(1	NOUN
ftr-365	540	5	)	)	PUNCT
ftr-365	540	6	(	(	PUNCT
ftr-365	540	7	interest	interest	NOUN
ftr-365	540	8	)	)	PUNCT
ftr-365	540	9	and	and	CCONJ
ftr-365	540	10	861(a)(2	861(a)(2	NUM
ftr-365	540	11	)	)	PUNCT
ftr-365	540	12	(	(	PUNCT
ftr-365	540	13	dividends	dividend	NOUN
ftr-365	540	14	)	)	PUNCT
ftr-365	540	15	.	.	PUNCT
ftr-365	541	1	see	see	VERB
ftr-365	541	2	also	also	ADV
ftr-365	541	3	jcx	jcx	ADJ
ftr-365	541	4	4099	4099	NUM
ftr-365	541	5	,	,	PUNCT
ftr-365	541	6	supra	supra	PROPN
ftr-365	541	7	note	note	NOUN
ftr-365	541	8	63	63	NUM
ftr-365	541	9	.	.	PUNCT
ftr-365	541	10	123	123	NUM
ftr-365	541	11	.	.	PUNCT
ftr-365	542	1	treas	treas	PROPN
ftr-365	542	2	.	.	PUNCT
ftr-365	542	3	regs	regs	PROPN
ftr-365	542	4	.	.	PUNCT
ftr-365	543	1	§	§	PROPN
ftr-365	543	2	1.863	1.863	NUM
ftr-365	543	3	-	-	SYM
ftr-365	543	4	7	7	NUM
ftr-365	543	5	.	.	NOUN
ftr-365	543	6	124	124	NUM
ftr-365	543	7	.	.	PUNCT
ftr-365	544	1	see	see	VERB
ftr-365	544	2	juan	juan	PROPN
ftr-365	544	3	guerrero	guerrero	PROPN
ftr-365	544	4	,	,	PUNCT
ftr-365	544	5	mexico	mexico	PROPN
ftr-365	544	6	publishes	publish	VERB
ftr-365	544	7	new	new	ADJ
ftr-365	544	8	rules	rule	NOUN
ftr-365	544	9	on	on	ADP
ftr-365	544	10	public	public	ADJ
ftr-365	544	11	debt	debt	NOUN
ftr-365	544	12	instruments	instrument	NOUN
ftr-365	544	13	,	,	PUNCT
ftr-365	544	14	38	38	NUM
ftr-365	544	15	tax	tax	NOUN
ftr-365	544	16	notes	note	NOUN
ftr-365	544	17	int’l	int’l	NOUN
ftr-365	544	18	472	472	NUM
ftr-365	544	19	(	(	PUNCT
ftr-365	544	20	apr	apr	NOUN
ftr-365	544	21	.	.	PROPN
ftr-365	544	22	28	28	NUM
ftr-365	544	23	,	,	PUNCT
ftr-365	544	24	2005	2005	NUM
ftr-365	544	25	)	)	PUNCT
ftr-365	544	26	(	(	PUNCT
ftr-365	544	27	“	"	PUNCT
ftr-365	544	28	article	article	NOUN
ftr-365	544	29	195	195	NUM
ftr-365	544	30	of	of	ADP
ftr-365	544	31	the	the	DET
ftr-365	544	32	income	income	NOUN
ftr-365	544	33	tax	tax	NOUN
ftr-365	544	34	law	law	NOUN
ftr-365	544	35	establishes	establish	VERB
ftr-365	544	36	that	that	SCONJ
ftr-365	544	37	for	for	ADP
ftr-365	544	38	interest	interest	NOUN
ftr-365	544	39	income	income	NOUN
ftr-365	544	40	,	,	PUNCT
ftr-365	544	41	the	the	DET
ftr-365	544	42	source	source	NOUN
ftr-365	544	43	is	be	AUX
ftr-365	544	44	considered	consider	VERB
ftr-365	544	45	to	to	PART
ftr-365	544	46	be	be	AUX
ftr-365	544	47	located	locate	VERB
ftr-365	544	48	in	in	ADP
ftr-365	544	49	mexico	mexico	PROPN
ftr-365	544	50	if	if	SCONJ
ftr-365	544	51	capital	capital	NOUN
ftr-365	544	52	is	be	AUX
ftr-365	544	53	placed	place	VERB
ftr-365	544	54	or	or	CCONJ
ftr-365	544	55	invested	invest	VERB
ftr-365	544	56	in	in	ADP
ftr-365	544	57	mexico	mexico	PROPN
ftr-365	544	58	,	,	PUNCT
ftr-365	544	59	or	or	CCONJ
ftr-365	544	60	if	if	SCONJ
ftr-365	544	61	the	the	DET
ftr-365	544	62	interest	interest	NOUN
ftr-365	544	63	is	be	AUX
ftr-365	544	64	paid	pay	VERB
ftr-365	544	65	by	by	ADP
ftr-365	544	66	a	a	DET
ftr-365	544	67	resident	resident	NOUN
ftr-365	544	68	of	of	ADP
ftr-365	544	69	mexico	mexico	PROPN
ftr-365	544	70	or	or	CCONJ
ftr-365	544	71	by	by	ADP
ftr-365	544	72	a	a	DET
ftr-365	544	73	nonresident	nonresident	NOUN
ftr-365	544	74	with	with	ADP
ftr-365	544	75	a	a	DET
ftr-365	544	76	pe	pe	NOUN
ftr-365	544	77	in	in	ADP
ftr-365	544	78	mexico	mexico	PROPN
ftr-365	544	79	.	.	PUNCT
ftr-365	545	1	for	for	ADP
ftr-365	545	2	that	that	DET
ftr-365	545	3	reason	reason	NOUN
ftr-365	545	4	,	,	PUNCT
ftr-365	545	5	if	if	SCONJ
ftr-365	545	6	a	a	DET
ftr-365	545	7	mexican	mexican	ADJ
ftr-365	545	8	2008	2008	NUM
ftr-365	545	9	]	]	PUNCT
ftr-365	545	10	the	the	DET
ftr-365	545	11	case	case	NOUN
ftr-365	545	12	for	for	ADP
ftr-365	545	13	residency	residency	NOUN
ftr-365	545	14	-	-	PUNCT
ftr-365	545	15	based	base	VERB
ftr-365	545	16	taxation	taxation	NOUN
ftr-365	545	17	25	25	NUM
ftr-365	545	18	tax	tax	NOUN
ftr-365	545	19	rates	rate	NOUN
ftr-365	545	20	applicable	applicable	ADJ
ftr-365	545	21	to	to	ADP
ftr-365	545	22	interest	interest	NOUN
ftr-365	545	23	and	and	CCONJ
ftr-365	545	24	dividend	dividend	NOUN
ftr-365	545	25	differ	differ	VERB
ftr-365	545	26	among	among	ADP
ftr-365	545	27	countries	country	NOUN
ftr-365	545	28	;	;	PUNCT
ftr-365	545	29	in	in	ADP
ftr-365	545	30	some	some	DET
ftr-365	545	31	countries	country	NOUN
ftr-365	545	32	,	,	PUNCT
ftr-365	545	33	such	such	ADJ
ftr-365	545	34	income	income	NOUN
ftr-365	545	35	is	be	AUX
ftr-365	545	36	taxed	tax	VERB
ftr-365	545	37	on	on	ADP
ftr-365	545	38	the	the	DET
ftr-365	545	39	basis	basis	NOUN
ftr-365	545	40	of	of	ADP
ftr-365	545	41	the	the	DET
ftr-365	545	42	taxpayer	taxpayer	NOUN
ftr-365	545	43	’s	’s	PART
ftr-365	545	44	marginal	marginal	ADJ
ftr-365	545	45	rate	rate	NOUN
ftr-365	545	46	while	while	SCONJ
ftr-365	545	47	in	in	ADP
ftr-365	545	48	others	other	NOUN
ftr-365	545	49	the	the	DET
ftr-365	545	50	ordinary	ordinary	ADJ
ftr-365	545	51	rates	rate	NOUN
ftr-365	545	52	applicable	applicable	ADJ
ftr-365	545	53	to	to	ADP
ftr-365	545	54	interest	interest	NOUN
ftr-365	545	55	and/or	and/or	CCONJ
ftr-365	545	56	dividend	dividend	NOUN
ftr-365	545	57	are	be	AUX
ftr-365	545	58	fixed	fix	VERB
ftr-365	545	59	.	.	PUNCT
ftr-365	546	1	125	125	NUM
ftr-365	546	2	several	several	ADJ
ftr-365	546	3	countries	country	NOUN
ftr-365	546	4	,	,	PUNCT
ftr-365	546	5	including	include	VERB
ftr-365	546	6	the	the	DET
ftr-365	546	7	united	united	PROPN
ftr-365	546	8	states	states	PROPN
ftr-365	546	9	,	,	PUNCT
ftr-365	546	10	have	have	AUX
ftr-365	546	11	also	also	ADV
ftr-365	546	12	adopted	adopt	VERB
ftr-365	546	13	a	a	DET
ftr-365	546	14	regime	regime	NOUN
ftr-365	546	15	pursuant	pursuant	ADJ
ftr-365	546	16	to	to	ADP
ftr-365	546	17	which	which	PRON
ftr-365	546	18	the	the	DET
ftr-365	546	19	rate	rate	NOUN
ftr-365	546	20	of	of	ADP
ftr-365	546	21	tax	tax	NOUN
ftr-365	546	22	applicable	applicable	ADJ
ftr-365	546	23	to	to	ADP
ftr-365	546	24	capital	capital	NOUN
ftr-365	546	25	gains	gain	NOUN
ftr-365	546	26	is	be	AUX
ftr-365	546	27	lower	low	ADJ
ftr-365	546	28	then	then	ADV
ftr-365	546	29	the	the	DET
ftr-365	546	30	maximum	maximum	ADJ
ftr-365	546	31	ordinary	ordinary	ADJ
ftr-365	546	32	rates	rate	NOUN
ftr-365	546	33	.	.	PUNCT
ftr-365	547	1	126	126	NUM
ftr-365	547	2	in	in	ADP
ftr-365	547	3	the	the	DET
ftr-365	547	4	u.s	u.s	PROPN
ftr-365	547	5	.	.	PROPN
ftr-365	547	6	,	,	PUNCT
ftr-365	547	7	there	there	PRON
ftr-365	547	8	are	be	VERB
ftr-365	547	9	two	two	NUM
ftr-365	547	10	possible	possible	ADJ
ftr-365	547	11	tax	tax	NOUN
ftr-365	547	12	regimes	regime	NOUN
ftr-365	547	13	that	that	PRON
ftr-365	547	14	could	could	AUX
ftr-365	547	15	apply	apply	VERB
ftr-365	547	16	to	to	ADP
ftr-365	547	17	nonu.s	nonu.s	PROPN
ftr-365	547	18	.	.	PUNCT
ftr-365	548	1	residents	resident	NOUN
ftr-365	548	2	deriving	derive	VERB
ftr-365	548	3	interest	interest	NOUN
ftr-365	548	4	and	and	CCONJ
ftr-365	548	5	dividends	dividend	NOUN
ftr-365	548	6	income	income	NOUN
ftr-365	548	7	in	in	ADP
ftr-365	548	8	the	the	DET
ftr-365	548	9	u.s	u.s	PROPN
ftr-365	548	10	.	.	PROPN
ftr-365	548	11	:	:	PUNCT
ftr-365	548	12	(	(	PUNCT
ftr-365	548	13	i	i	NOUN
ftr-365	548	14	)	)	PUNCT
ftr-365	548	15	non	non	PROPN
ftr-365	548	16	-	-	ADJ
ftr-365	548	17	u.s	u.s	PROPN
ftr-365	548	18	.	.	PROPN
ftr-365	548	19	persons	person	NOUN
ftr-365	548	20	that	that	PRON
ftr-365	548	21	are	be	AUX
ftr-365	548	22	engaged	engage	VERB
ftr-365	548	23	in	in	ADP
ftr-365	548	24	a	a	DET
ftr-365	548	25	“	"	PUNCT
ftr-365	548	26	trade	trade	NOUN
ftr-365	548	27	or	or	CCONJ
ftr-365	548	28	business	business	NOUN
ftr-365	548	29	”	"	PUNCT
ftr-365	548	30	in	in	ADP
ftr-365	548	31	the	the	DET
ftr-365	548	32	united	united	PROPN
ftr-365	548	33	states	states	PROPN
ftr-365	548	34	are	be	AUX
ftr-365	548	35	subject	subject	ADJ
ftr-365	548	36	to	to	ADP
ftr-365	548	37	u.s	u.s	PROPN
ftr-365	548	38	.	.	PROPN
ftr-365	548	39	tax	tax	NOUN
ftr-365	548	40	at	at	ADP
ftr-365	548	41	the	the	DET
ftr-365	548	42	usual	usual	ADJ
ftr-365	548	43	rates	rate	NOUN
ftr-365	548	44	for	for	ADP
ftr-365	548	45	individuals	individual	NOUN
ftr-365	548	46	or	or	CCONJ
ftr-365	548	47	corporations	corporation	NOUN
ftr-365	548	48	,	,	PUNCT
ftr-365	548	49	as	as	SCONJ
ftr-365	548	50	the	the	DET
ftr-365	548	51	case	case	NOUN
ftr-365	548	52	may	may	AUX
ftr-365	548	53	be	be	AUX
ftr-365	548	54	,	,	PUNCT
ftr-365	548	55	on	on	ADP
ftr-365	548	56	income	income	NOUN
ftr-365	548	57	that	that	PRON
ftr-365	548	58	is	be	AUX
ftr-365	548	59	“	"	PUNCT
ftr-365	548	60	effectively	effectively	ADV
ftr-365	548	61	connected	connect	VERB
ftr-365	548	62	”	"	PUNCT
ftr-365	548	63	with	with	ADP
ftr-365	548	64	such	such	ADJ
ftr-365	548	65	u.s	u.s	PROPN
ftr-365	548	66	.	.	PROPN
ftr-365	548	67	trade	trade	NOUN
ftr-365	548	68	or	or	CCONJ
ftr-365	548	69	business	business	NOUN
ftr-365	548	70	,	,	PUNCT
ftr-365	548	71	127	127	NUM
ftr-365	548	72	and	and	CCONJ
ftr-365	548	73	(	(	PUNCT
ftr-365	548	74	ii	ii	NOUN
ftr-365	548	75	)	)	PUNCT
ftr-365	548	76	non	non	PROPN
ftr-365	548	77	-	-	ADJ
ftr-365	548	78	u.s	u.s	PROPN
ftr-365	548	79	.	.	PROPN
ftr-365	548	80	persons	person	NOUN
ftr-365	548	81	that	that	PRON
ftr-365	548	82	are	be	AUX
ftr-365	548	83	not	not	PART
ftr-365	548	84	so	so	ADV
ftr-365	548	85	engaged	engaged	ADJ
ftr-365	548	86	,	,	PUNCT
ftr-365	548	87	or	or	CCONJ
ftr-365	548	88	that	that	SCONJ
ftr-365	548	89	derive	derive	VERB
ftr-365	548	90	interest	interest	NOUN
ftr-365	548	91	or	or	CCONJ
ftr-365	548	92	dividend	dividend	NOUN
ftr-365	548	93	income	income	NOUN
ftr-365	548	94	that	that	PRON
ftr-365	548	95	is	be	AUX
ftr-365	548	96	not	not	PART
ftr-365	548	97	effectively	effectively	ADV
ftr-365	548	98	connected	connect	VERB
ftr-365	548	99	to	to	ADP
ftr-365	548	100	a	a	DET
ftr-365	548	101	u.s	u.s	PROPN
ftr-365	548	102	.	.	PROPN
ftr-365	548	103	trade	trade	NOUN
ftr-365	548	104	or	or	CCONJ
ftr-365	548	105	business	business	NOUN
ftr-365	548	106	,	,	PUNCT
ftr-365	548	107	are	be	AUX
ftr-365	548	108	subject	subject	ADJ
ftr-365	548	109	to	to	ADP
ftr-365	548	110	withholding	withholding	NOUN
ftr-365	548	111	tax	tax	NOUN
ftr-365	548	112	of	of	ADP
ftr-365	548	113	30	30	NUM
ftr-365	548	114	%	%	NOUN
ftr-365	548	115	,	,	PUNCT
ftr-365	548	116	unless	unless	SCONJ
ftr-365	548	117	reduced	reduce	VERB
ftr-365	548	118	by	by	ADP
ftr-365	548	119	a	a	DET
ftr-365	548	120	treaty	treaty	NOUN
ftr-365	548	121	or	or	CCONJ
ftr-365	548	122	applicable	applicable	ADJ
ftr-365	548	123	domestic	domestic	ADJ
ftr-365	548	124	rule	rule	NOUN
ftr-365	548	125	.	.	PUNCT
ftr-365	549	1	128	128	NUM
ftr-365	549	2	2	2	NUM
ftr-365	549	3	.	.	PUNCT
ftr-365	550	1	taxation	taxation	NOUN
ftr-365	550	2	of	of	ADP
ftr-365	550	3	interest	interest	NOUN
ftr-365	550	4	congress	congress	PROPN
ftr-365	550	5	has	have	AUX
ftr-365	550	6	generally	generally	ADV
ftr-365	550	7	exempted	exempt	VERB
ftr-365	550	8	interest	interest	NOUN
ftr-365	550	9	income	income	NOUN
ftr-365	550	10	(	(	PUNCT
ftr-365	550	11	but	but	CCONJ
ftr-365	550	12	not	not	PART
ftr-365	550	13	dividend	dividend	NOUN
ftr-365	550	14	income	income	NOUN
ftr-365	550	15	)	)	PUNCT
ftr-365	550	16	derived	derive	VERB
ftr-365	550	17	in	in	ADP
ftr-365	550	18	the	the	DET
ftr-365	550	19	united	united	PROPN
ftr-365	550	20	states	states	PROPN
ftr-365	550	21	by	by	ADP
ftr-365	550	22	non	non	NOUN
ftr-365	550	23	-	-	NOUN
ftr-365	550	24	residents	resident	NOUN
ftr-365	550	25	in	in	ADP
ftr-365	550	26	two	two	NUM
ftr-365	550	27	ways	way	NOUN
ftr-365	550	28	:	:	PUNCT
ftr-365	550	29	(	(	PUNCT
ftr-365	550	30	i	i	NOUN
ftr-365	550	31	)	)	PUNCT
ftr-365	550	32	treating	treat	VERB
ftr-365	550	33	the	the	DET
ftr-365	550	34	income	income	NOUN
ftr-365	550	35	as	as	ADP
ftr-365	550	36	non	non	ADJ
ftr-365	550	37	-	-	ADJ
ftr-365	550	38	u.s	u.s	ADJ
ftr-365	550	39	source	source	NOUN
ftr-365	550	40	income	income	NOUN
ftr-365	550	41	,	,	PUNCT
ftr-365	550	42	or	or	CCONJ
ftr-365	550	43	(	(	PUNCT
ftr-365	550	44	ii	ii	NOUN
ftr-365	550	45	)	)	PUNCT
ftr-365	550	46	exempting	exempt	VERB
ftr-365	550	47	such	such	ADJ
ftr-365	550	48	income	income	NOUN
ftr-365	550	49	from	from	ADP
ftr-365	550	50	u.s	u.s	PROPN
ftr-365	550	51	.	.	PROPN
ftr-365	550	52	tax	tax	NOUN
ftr-365	550	53	even	even	ADV
ftr-365	550	54	if	if	SCONJ
ftr-365	550	55	it	it	PRON
ftr-365	550	56	is	be	AUX
ftr-365	550	57	treated	treat	VERB
ftr-365	550	58	as	as	ADP
ftr-365	550	59	u.s	u.s	PROPN
ftr-365	550	60	.	.	PROPN
ftr-365	550	61	source	source	NOUN
ftr-365	550	62	income	income	NOUN
ftr-365	550	63	.	.	PUNCT
ftr-365	551	1	129	129	NUM
ftr-365	551	2	examples	example	NOUN
ftr-365	551	3	of	of	ADP
ftr-365	551	4	the	the	DET
ftr-365	551	5	former	former	ADJ
ftr-365	551	6	group	group	NOUN
ftr-365	551	7	resident	resident	NOUN
ftr-365	551	8	pays	pay	VERB
ftr-365	551	9	interest	interest	NOUN
ftr-365	551	10	to	to	ADP
ftr-365	551	11	a	a	DET
ftr-365	551	12	nonresident	nonresident	NOUN
ftr-365	551	13	,	,	PUNCT
ftr-365	551	14	it	it	PRON
ftr-365	551	15	will	will	AUX
ftr-365	551	16	be	be	AUX
ftr-365	551	17	considered	consider	VERB
ftr-365	551	18	mexican	mexican	ADJ
ftr-365	551	19	-	-	PUNCT
ftr-365	551	20	source	source	NOUN
ftr-365	551	21	income	income	NOUN
ftr-365	551	22	,	,	PUNCT
ftr-365	551	23	and	and	CCONJ
ftr-365	551	24	the	the	DET
ftr-365	551	25	nonresident	nonresident	NOUN
ftr-365	551	26	will	will	AUX
ftr-365	551	27	be	be	AUX
ftr-365	551	28	required	require	VERB
ftr-365	551	29	to	to	PART
ftr-365	551	30	pay	pay	VERB
ftr-365	551	31	income	income	NOUN
ftr-365	551	32	tax	tax	NOUN
ftr-365	551	33	in	in	ADP
ftr-365	551	34	mexico	mexico	PROPN
ftr-365	551	35	on	on	ADP
ftr-365	551	36	the	the	DET
ftr-365	551	37	interest	interest	NOUN
ftr-365	551	38	payment	payment	NOUN
ftr-365	551	39	.	.	PUNCT
ftr-365	551	40	”	"	PUNCT
ftr-365	551	41	)	)	PUNCT
ftr-365	551	42	.	.	PUNCT
ftr-365	552	1	cf	cf	X
ftr-365	552	2	.	.	PUNCT
ftr-365	553	1	israel	israel	PROPN
ftr-365	553	2	,	,	PUNCT
ftr-365	553	3	where	where	SCONJ
ftr-365	553	4	in	in	ADP
ftr-365	553	5	2003	2003	NUM
ftr-365	553	6	,	,	PUNCT
ftr-365	553	7	newly	newly	ADV
ftr-365	553	8	added	add	VERB
ftr-365	553	9	section	section	NOUN
ftr-365	553	10	4a	4a	NOUN
ftr-365	553	11	to	to	ADP
ftr-365	553	12	the	the	DET
ftr-365	553	13	income	income	NOUN
ftr-365	553	14	tax	tax	NOUN
ftr-365	553	15	ordinance	ordinance	NOUN
ftr-365	553	16	adopted	adopt	VERB
ftr-365	553	17	source	source	NOUN
ftr-365	553	18	rules	rule	NOUN
ftr-365	553	19	that	that	PRON
ftr-365	553	20	are	be	AUX
ftr-365	553	21	similar	similar	ADJ
ftr-365	553	22	in	in	ADP
ftr-365	553	23	many	many	ADJ
ftr-365	553	24	aspects	aspect	NOUN
ftr-365	553	25	to	to	ADP
ftr-365	553	26	those	those	PRON
ftr-365	553	27	in	in	ADP
ftr-365	553	28	u.s	u.s	PROPN
ftr-365	553	29	.	.	PROPN
ftr-365	553	30	tax	tax	NOUN
ftr-365	553	31	laws	law	NOUN
ftr-365	553	32	as	as	ADV
ftr-365	553	33	well	well	ADV
ftr-365	553	34	as	as	ADP
ftr-365	553	35	under	under	ADP
ftr-365	553	36	most	most	ADJ
ftr-365	553	37	treaties	treaty	NOUN
ftr-365	553	38	.	.	PUNCT
ftr-365	554	1	in	in	ADP
ftr-365	554	2	particular	particular	ADJ
ftr-365	554	3	,	,	PUNCT
ftr-365	554	4	the	the	DET
ftr-365	554	5	current	current	ADJ
ftr-365	554	6	law	law	NOUN
ftr-365	554	7	provides	provide	VERB
ftr-365	554	8	that	that	SCONJ
ftr-365	554	9	the	the	DET
ftr-365	554	10	source	source	NOUN
ftr-365	554	11	of	of	ADP
ftr-365	554	12	interest	interest	NOUN
ftr-365	554	13	income	income	NOUN
ftr-365	554	14	is	be	AUX
ftr-365	554	15	the	the	DET
ftr-365	554	16	place	place	NOUN
ftr-365	554	17	of	of	ADP
ftr-365	554	18	residency	residency	NOUN
ftr-365	554	19	of	of	ADP
ftr-365	554	20	the	the	DET
ftr-365	554	21	debtor	debtor	NOUN
ftr-365	554	22	.	.	PUNCT
ftr-365	555	1	see	see	VERB
ftr-365	555	2	yoram	yoram	PROPN
ftr-365	555	3	keinan	keinan	PROPN
ftr-365	555	4	,	,	PUNCT
ftr-365	555	5	and	and	CCONJ
ftr-365	555	6	shlomo	shlomo	NOUN
ftr-365	555	7	katalan	katalan	PROPN
ftr-365	555	8	,	,	PUNCT
ftr-365	555	9	israel	israel	PROPN
ftr-365	555	10	’s	’s	PART
ftr-365	555	11	income	income	PROPN
ftr-365	555	12	tax	tax	NOUN
ftr-365	555	13	reform	reform	NOUN
ftr-365	555	14	:	:	PUNCT
ftr-365	555	15	roads	road	NOUN
ftr-365	555	16	not	not	PART
ftr-365	555	17	taken	take	VERB
ftr-365	555	18	,	,	PUNCT
ftr-365	555	19	28	28	NUM
ftr-365	555	20	tax	tax	NOUN
ftr-365	555	21	notes	note	NOUN
ftr-365	555	22	int’l	int’l	NOUN
ftr-365	555	23	941	941	NUM
ftr-365	555	24	(	(	PUNCT
ftr-365	555	25	sept	sept	PROPN
ftr-365	555	26	.	.	PROPN
ftr-365	555	27	24	24	NUM
ftr-365	555	28	,	,	PUNCT
ftr-365	555	29	2002	2002	NUM
ftr-365	555	30	)	)	PUNCT
ftr-365	555	31	.	.	PUNCT
ftr-365	556	1	125	125	NUM
ftr-365	556	2	.	.	PUNCT
ftr-365	557	1	see	see	VERB
ftr-365	557	2	edwards	edwards	PROPN
ftr-365	557	3	&	&	CCONJ
ftr-365	557	4	de	de	X
ftr-365	557	5	rugy	rugy	PROPN
ftr-365	557	6	,	,	PUNCT
ftr-365	557	7	supra	supra	NOUN
ftr-365	557	8	note	note	NOUN
ftr-365	557	9	3	3	NUM
ftr-365	557	10	,	,	PUNCT
ftr-365	557	11	at	at	ADP
ftr-365	557	12	79	79	NUM
ftr-365	557	13	(	(	PUNCT
ftr-365	557	14	“	"	PUNCT
ftr-365	557	15	tax	tax	NOUN
ftr-365	557	16	competition	competition	NOUN
ftr-365	557	17	has	have	AUX
ftr-365	557	18	spurred	spur	VERB
ftr-365	557	19	other	other	ADJ
ftr-365	557	20	tax	tax	NOUN
ftr-365	557	21	reforms	reform	NOUN
ftr-365	557	22	.	.	PUNCT
ftr-365	558	1	a	a	DET
ftr-365	558	2	group	group	NOUN
ftr-365	558	3	of	of	ADP
ftr-365	558	4	nordic	nordic	ADJ
ftr-365	558	5	countries	country	NOUN
ftr-365	558	6	has	have	AUX
ftr-365	558	7	installed	instal	VERB
ftr-365	558	8	dual	dual	ADJ
ftr-365	558	9	income	income	NOUN
ftr-365	558	10	tax	tax	NOUN
ftr-365	558	11	systems	system	NOUN
ftr-365	558	12	that	that	PRON
ftr-365	558	13	feature	feature	VERB
ftr-365	558	14	a	a	DET
ftr-365	558	15	low	low	ADJ
ftr-365	558	16	flat	flat	ADJ
ftr-365	558	17	rate	rate	NOUN
ftr-365	558	18	on	on	ADP
ftr-365	558	19	capital	capital	NOUN
ftr-365	558	20	income	income	NOUN
ftr-365	558	21	(	(	PUNCT
ftr-365	558	22	interest	interest	NOUN
ftr-365	558	23	,	,	PUNCT
ftr-365	558	24	dividends	dividend	NOUN
ftr-365	558	25	,	,	PUNCT
ftr-365	558	26	and	and	CCONJ
ftr-365	558	27	capital	capital	NOUN
ftr-365	558	28	gains	gain	NOUN
ftr-365	558	29	)	)	PUNCT
ftr-365	558	30	but	but	CCONJ
ftr-365	558	31	retain	retain	VERB
ftr-365	558	32	progressive	progressive	ADJ
ftr-365	558	33	rates	rate	NOUN
ftr-365	558	34	on	on	ADP
ftr-365	558	35	labor	labor	NOUN
ftr-365	558	36	income	income	NOUN
ftr-365	558	37	.	.	PUNCT
ftr-365	559	1	denmark	denmark	PROPN
ftr-365	559	2	,	,	PUNCT
ftr-365	559	3	finland	finland	PROPN
ftr-365	559	4	,	,	PUNCT
ftr-365	559	5	norway	norway	PROPN
ftr-365	559	6	,	,	PUNCT
ftr-365	559	7	and	and	CCONJ
ftr-365	559	8	sweden	sweden	PROPN
ftr-365	559	9	implemented	implement	VERB
ftr-365	559	10	such	such	ADJ
ftr-365	559	11	reforms	reform	NOUN
ftr-365	559	12	a	a	DET
ftr-365	559	13	decade	decade	NOUN
ftr-365	559	14	ago	ago	ADV
ftr-365	559	15	.	.	PUNCT
ftr-365	560	1	the	the	DET
ftr-365	560	2	netherlands	netherlands	PROPN
ftr-365	560	3	and	and	CCONJ
ftr-365	560	4	austria	austria	PROPN
ftr-365	560	5	have	have	AUX
ftr-365	560	6	recently	recently	ADV
ftr-365	560	7	enacted	enact	VERB
ftr-365	560	8	similar	similar	ADJ
ftr-365	560	9	reforms	reform	NOUN
ftr-365	560	10	,	,	PUNCT
ftr-365	560	11	and	and	CCONJ
ftr-365	560	12	other	other	ADJ
ftr-365	560	13	european	european	ADJ
ftr-365	560	14	countries	country	NOUN
ftr-365	560	15	have	have	AUX
ftr-365	560	16	moved	move	VERB
ftr-365	560	17	in	in	ADP
ftr-365	560	18	that	that	DET
ftr-365	560	19	direction	direction	NOUN
ftr-365	560	20	.	.	PUNCT
ftr-365	560	21	”	"	PUNCT
ftr-365	560	22	)	)	PUNCT
ftr-365	560	23	.	.	PUNCT
ftr-365	561	1	126	126	X
ftr-365	561	2	.	.	PUNCT
ftr-365	562	1	see	see	VERB
ftr-365	562	2	generally	generally	ADV
ftr-365	562	3	yoram	yoram	PROPN
ftr-365	562	4	keinan	keinan	PROPN
ftr-365	562	5	and	and	CCONJ
ftr-365	562	6	shay	shay	PROPN
ftr-365	562	7	menuchin	menuchin	PROPN
ftr-365	562	8	,	,	PUNCT
ftr-365	562	9	taxation	taxation	NOUN
ftr-365	562	10	of	of	ADP
ftr-365	562	11	financial	financial	ADJ
ftr-365	562	12	instruments	instrument	NOUN
ftr-365	562	13	in	in	ADP
ftr-365	562	14	israel	israel	PROPN
ftr-365	562	15	,	,	PUNCT
ftr-365	562	16	31	31	NUM
ftr-365	562	17	tax	tax	NOUN
ftr-365	562	18	notes	note	NOUN
ftr-365	562	19	international	international	ADJ
ftr-365	562	20	897	897	NUM
ftr-365	562	21	(	(	PUNCT
ftr-365	562	22	sept	sept	PROPN
ftr-365	562	23	.	.	PROPN
ftr-365	562	24	8	8	NUM
ftr-365	562	25	,	,	PUNCT
ftr-365	562	26	2003	2003	NUM
ftr-365	562	27	)	)	PUNCT
ftr-365	562	28	.	.	PUNCT
ftr-365	563	1	127	127	NUM
ftr-365	563	2	.	.	PUNCT
ftr-365	564	1	irc	irc	PROPN
ftr-365	564	2	§	§	PROPN
ftr-365	564	3	864(c	864(c	PROPN
ftr-365	564	4	)	)	PUNCT
ftr-365	564	5	.	.	PUNCT
ftr-365	565	1	as	as	SCONJ
ftr-365	565	2	discussed	discuss	VERB
ftr-365	565	3	above	above	ADV
ftr-365	565	4	,	,	PUNCT
ftr-365	565	5	in	in	ADP
ftr-365	565	6	the	the	DET
ftr-365	565	7	case	case	NOUN
ftr-365	565	8	of	of	ADP
ftr-365	565	9	a	a	DET
ftr-365	565	10	treaty	treaty	NOUN
ftr-365	565	11	,	,	PUNCT
ftr-365	565	12	the	the	DET
ftr-365	565	13	standard	standard	NOUN
ftr-365	565	14	would	would	AUX
ftr-365	565	15	be	be	AUX
ftr-365	565	16	income	income	NOUN
ftr-365	565	17	that	that	PRON
ftr-365	565	18	is	be	AUX
ftr-365	565	19	“	"	PUNCT
ftr-365	565	20	attributable	attributable	ADJ
ftr-365	565	21	”	"	PUNCT
ftr-365	565	22	to	to	ADP
ftr-365	565	23	a	a	DET
ftr-365	565	24	“	"	PUNCT
ftr-365	565	25	permanent	permanent	ADJ
ftr-365	565	26	establishment	establishment	NOUN
ftr-365	565	27	”	"	PUNCT
ftr-365	565	28	in	in	ADP
ftr-365	565	29	the	the	DET
ftr-365	565	30	united	united	PROPN
ftr-365	565	31	states	states	PROPN
ftr-365	565	32	.	.	PUNCT
ftr-365	566	1	128	128	NUM
ftr-365	566	2	.	.	PUNCT
ftr-365	567	1	irc	irc	PROPN
ftr-365	567	2	§	§	PROPN
ftr-365	567	3	871(a)(1)(a	871(a)(1)(a	NUM
ftr-365	567	4	)	)	PUNCT
ftr-365	567	5	(	(	PUNCT
ftr-365	567	6	individuals	individual	NOUN
ftr-365	567	7	)	)	PUNCT
ftr-365	567	8	;	;	PUNCT
ftr-365	567	9	irc	irc	PROPN
ftr-365	567	10	§	§	PROPN
ftr-365	567	11	881(b)(1)(a	881(b)(1)(a	PROPN
ftr-365	567	12	)	)	PUNCT
ftr-365	567	13	(	(	PUNCT
ftr-365	567	14	corporations	corporation	NOUN
ftr-365	567	15	)	)	PUNCT
ftr-365	567	16	.	.	PUNCT
ftr-365	568	1	129	129	NUM
ftr-365	568	2	.	.	PUNCT
ftr-365	569	1	see	see	VERB
ftr-365	569	2	colon	colon	NOUN
ftr-365	569	3	,	,	PUNCT
ftr-365	569	4	supra	supra	NOUN
ftr-365	569	5	note	note	NOUN
ftr-365	569	6	5	5	NUM
ftr-365	569	7	,	,	PUNCT
ftr-365	569	8	at	at	ADP
ftr-365	569	9	783	783	NUM
ftr-365	569	10	,	,	PUNCT
ftr-365	569	11	note	note	VERB
ftr-365	570	1	25	25	NUM
ftr-365	570	2	.	.	NUM
ftr-365	570	3	26	26	NUM
ftr-365	570	4	florida	florida	PROPN
ftr-365	570	5	tax	tax	NOUN
ftr-365	570	6	review	review	NOUN
ftr-365	571	1	[	[	X
ftr-365	571	2	vol	vol	NOUN
ftr-365	571	3	.	.	PUNCT
ftr-365	571	4	9:1	9:1	NUM
ftr-365	571	5	are	be	AUX
ftr-365	571	6	irc	irc	ADP
ftr-365	571	7	§	§	PROPN
ftr-365	571	8	§	§	PROPN
ftr-365	571	9	861(a)(1)(a	861(a)(1)(a	PROPN
ftr-365	571	10	)	)	PUNCT
ftr-365	571	11	and	and	CCONJ
ftr-365	571	12	(	(	PUNCT
ftr-365	571	13	b	b	NOUN
ftr-365	571	14	)	)	PUNCT
ftr-365	571	15	,	,	PUNCT
ftr-365	571	16	pursuant	pursuant	ADJ
ftr-365	571	17	to	to	ADP
ftr-365	571	18	which	which	DET
ftr-365	571	19	interest	interest	NOUN
ftr-365	571	20	paid	pay	VERB
ftr-365	571	21	by	by	ADP
ftr-365	571	22	a	a	DET
ftr-365	571	23	u.s	u.s	PROPN
ftr-365	571	24	.	.	PROPN
ftr-365	571	25	taxpayer	taxpayer	NOUN
ftr-365	571	26	with	with	ADP
ftr-365	571	27	significant	significant	ADJ
ftr-365	571	28	foreign	foreign	ADJ
ftr-365	571	29	business	business	NOUN
ftr-365	571	30	activities	activity	NOUN
ftr-365	571	31	to	to	ADP
ftr-365	571	32	a	a	DET
ftr-365	571	33	foreign	foreign	ADJ
ftr-365	571	34	person	person	NOUN
ftr-365	571	35	is	be	AUX
ftr-365	571	36	foreign	foreign	ADJ
ftr-365	571	37	rather	rather	ADV
ftr-365	571	38	than	than	ADP
ftr-365	571	39	u.s	u.s	PROPN
ftr-365	571	40	.	.	PROPN
ftr-365	571	41	source	source	NOUN
ftr-365	571	42	income	income	NOUN
ftr-365	571	43	,	,	PUNCT
ftr-365	571	44	contrary	contrary	ADV
ftr-365	571	45	to	to	ADP
ftr-365	571	46	the	the	DET
ftr-365	571	47	general	general	ADJ
ftr-365	571	48	source	source	NOUN
ftr-365	571	49	rules	rule	NOUN
ftr-365	571	50	pertaining	pertain	VERB
ftr-365	571	51	to	to	ADP
ftr-365	571	52	interest	interest	NOUN
ftr-365	571	53	.	.	PUNCT
ftr-365	572	1	130	130	NUM
ftr-365	572	2	the	the	DET
ftr-365	572	3	most	most	ADV
ftr-365	572	4	notable	notable	ADJ
ftr-365	572	5	example	example	NOUN
ftr-365	572	6	of	of	ADP
ftr-365	572	7	the	the	DET
ftr-365	572	8	latter	latter	ADJ
ftr-365	572	9	group	group	NOUN
ftr-365	572	10	is	be	AUX
ftr-365	572	11	the	the	DET
ftr-365	572	12	“	"	PUNCT
ftr-365	572	13	portfolio	portfolio	NOUN
ftr-365	572	14	interest	interest	NOUN
ftr-365	572	15	exemption	exemption	NOUN
ftr-365	572	16	,	,	PUNCT
ftr-365	572	17	”	"	PUNCT
ftr-365	572	18	which	which	PRON
ftr-365	572	19	is	be	AUX
ftr-365	572	20	the	the	DET
ftr-365	572	21	most	most	ADV
ftr-365	572	22	significant	significant	ADJ
ftr-365	572	23	exemption	exemption	NOUN
ftr-365	572	24	from	from	ADP
ftr-365	572	25	gross	gross	ADJ
ftr-365	572	26	tax	tax	NOUN
ftr-365	572	27	on	on	ADP
ftr-365	572	28	fdap	fdap	ADJ
ftr-365	572	29	income	income	NOUN
ftr-365	572	30	in	in	ADP
ftr-365	572	31	the	the	DET
ftr-365	572	32	united	united	PROPN
ftr-365	572	33	states	states	PROPN
ftr-365	572	34	.	.	PUNCT
ftr-365	573	1	131	131	NUM
ftr-365	573	2	since	since	SCONJ
ftr-365	573	3	1984	1984	NUM
ftr-365	573	4	,	,	PUNCT
ftr-365	573	5	interest	interest	NOUN
ftr-365	573	6	paid	pay	VERB
ftr-365	573	7	to	to	ADP
ftr-365	573	8	a	a	DET
ftr-365	573	9	nonresident	nonresident	NOUN
ftr-365	573	10	who	who	PRON
ftr-365	573	11	does	do	AUX
ftr-365	573	12	not	not	PART
ftr-365	573	13	control	control	VERB
ftr-365	573	14	10	10	NUM
ftr-365	573	15	%	%	NOUN
ftr-365	573	16	or	or	CCONJ
ftr-365	573	17	more	more	ADJ
ftr-365	573	18	of	of	ADP
ftr-365	573	19	the	the	DET
ftr-365	573	20	payor	payor	NOUN
ftr-365	573	21	is	be	AUX
ftr-365	573	22	generally	generally	ADV
ftr-365	573	23	exempt	exempt	ADJ
ftr-365	573	24	from	from	ADP
ftr-365	573	25	u.s	u.s	PROPN
ftr-365	573	26	.	.	PROPN
ftr-365	573	27	tax	tax	NOUN
ftr-365	573	28	,	,	PUNCT
ftr-365	573	29	subject	subject	ADJ
ftr-365	573	30	to	to	ADP
ftr-365	573	31	limitations	limitation	NOUN
ftr-365	573	32	.	.	PUNCT
ftr-365	574	1	132	132	NUM
ftr-365	574	2	congress	congress	PROPN
ftr-365	574	3	specifically	specifically	ADV
ftr-365	574	4	indicated	indicate	VERB
ftr-365	574	5	that	that	SCONJ
ftr-365	574	6	the	the	DET
ftr-365	574	7	portfolio	portfolio	NOUN
ftr-365	574	8	interest	interest	NOUN
ftr-365	574	9	exemption	exemption	NOUN
ftr-365	574	10	was	be	AUX
ftr-365	574	11	enacted	enact	VERB
ftr-365	574	12	“	"	PUNCT
ftr-365	574	13	to	to	PART
ftr-365	574	14	allow	allow	VERB
ftr-365	574	15	u.s	u.s	PROPN
ftr-365	574	16	.	.	PROPN
ftr-365	574	17	corporations	corporation	NOUN
ftr-365	574	18	(	(	PUNCT
ftr-365	574	19	and	and	CCONJ
ftr-365	574	20	the	the	DET
ftr-365	574	21	u.s	u.s	PROPN
ftr-365	574	22	.	.	PROPN
ftr-365	574	23	treasury	treasury	PROPN
ftr-365	574	24	)	)	PUNCT
ftr-365	574	25	direct	direct	ADJ
ftr-365	574	26	access	access	NOUN
ftr-365	574	27	to	to	ADP
ftr-365	574	28	the	the	DET
ftr-365	574	29	eurobond	eurobond	NOUN
ftr-365	574	30	market	market	NOUN
ftr-365	574	31	.	.	PUNCT
ftr-365	574	32	”	"	PUNCT
ftr-365	575	1	133	133	NUM
ftr-365	575	2	as	as	SCONJ
ftr-365	575	3	two	two	NUM
ftr-365	575	4	commentators	commentator	NOUN
ftr-365	575	5	indicate	indicate	VERB
ftr-365	575	6	“	"	PUNCT
ftr-365	575	7	the	the	DET
ftr-365	575	8	portfolio	portfolio	NOUN
ftr-365	575	9	-	-	PUNCT
ftr-365	575	10	interest	interest	NOUN
ftr-365	575	11	exception	exception	NOUN
ftr-365	575	12	is	be	AUX
ftr-365	575	13	perhaps	perhaps	ADV
ftr-365	575	14	the	the	DET
ftr-365	575	15	purest	pure	ADJ
ftr-365	575	16	example	example	NOUN
ftr-365	575	17	of	of	ADP
ftr-365	575	18	enlightened	enlighten	VERB
ftr-365	575	19	selfinterest	selfinterest	NOUN
ftr-365	575	20	and	and	CCONJ
ftr-365	575	21	realism	realism	NOUN
ftr-365	575	22	in	in	ADP
ftr-365	575	23	attracting	attract	VERB
ftr-365	575	24	foreign	foreign	ADJ
ftr-365	575	25	capital	capital	NOUN
ftr-365	575	26	.	.	PUNCT
ftr-365	575	27	”	"	PUNCT
ftr-365	576	1	134	134	NUM
ftr-365	576	2	in	in	ADP
ftr-365	576	3	general	general	ADJ
ftr-365	576	4	,	,	PUNCT
ftr-365	576	5	under	under	ADP
ftr-365	576	6	the	the	DET
ftr-365	576	7	portfolio	portfolio	NOUN
ftr-365	576	8	interest	interest	NOUN
ftr-365	576	9	exemption	exemption	NOUN
ftr-365	576	10	,	,	PUNCT
ftr-365	576	11	interest	interest	NOUN
ftr-365	576	12	earned	earn	VERB
ftr-365	576	13	by	by	ADP
ftr-365	576	14	non	non	NOUN
ftr-365	576	15	-	-	NOUN
ftr-365	576	16	residents	resident	NOUN
ftr-365	576	17	is	be	AUX
ftr-365	576	18	exempt	exempt	ADJ
ftr-365	576	19	from	from	ADP
ftr-365	576	20	withholding	withhold	VERB
ftr-365	576	21	tax	tax	NOUN
ftr-365	576	22	unless	unless	SCONJ
ftr-365	576	23	it	it	PRON
ftr-365	576	24	is	be	AUX
ftr-365	576	25	paid	pay	VERB
ftr-365	576	26	to	to	ADP
ftr-365	576	27	:	:	PUNCT
ftr-365	576	28	(	(	PUNCT
ftr-365	576	29	i	i	NOUN
ftr-365	576	30	)	)	PUNCT
ftr-365	576	31	a	a	DET
ftr-365	576	32	“	"	PUNCT
ftr-365	576	33	10	10	NUM
ftr-365	576	34	%	%	NOUN
ftr-365	576	35	shareholder	shareholder	NOUN
ftr-365	576	36	”	"	PUNCT
ftr-365	576	37	or	or	CCONJ
ftr-365	576	38	other	other	ADJ
ftr-365	576	39	related	related	ADJ
ftr-365	576	40	person	person	NOUN
ftr-365	576	41	;	;	PUNCT
ftr-365	576	42	135	135	NUM
ftr-365	576	43	(	(	PUNCT
ftr-365	576	44	ii	ii	NOUN
ftr-365	576	45	)	)	PUNCT
ftr-365	576	46	a	a	DET
ftr-365	576	47	bank	bank	NOUN
ftr-365	576	48	on	on	ADP
ftr-365	576	49	an	an	DET
ftr-365	576	50	extension	extension	NOUN
ftr-365	576	51	of	of	ADP
ftr-365	576	52	credit	credit	NOUN
ftr-365	576	53	made	make	VERB
ftr-365	576	54	pursuant	pursuant	ADJ
ftr-365	576	55	to	to	ADP
ftr-365	576	56	a	a	DET
ftr-365	576	57	loan	loan	NOUN
ftr-365	576	58	agreement	agreement	NOUN
ftr-365	576	59	entered	enter	VERB
ftr-365	576	60	into	into	ADP
ftr-365	576	61	in	in	ADP
ftr-365	576	62	the	the	DET
ftr-365	576	63	ordinary	ordinary	ADJ
ftr-365	576	64	course	course	NOUN
ftr-365	576	65	of	of	ADP
ftr-365	576	66	its	its	PRON
ftr-365	576	67	trade	trade	NOUN
ftr-365	576	68	or	or	CCONJ
ftr-365	576	69	business	business	NOUN
ftr-365	576	70	;	;	PUNCT
ftr-365	576	71	136	136	NUM
ftr-365	576	72	or	or	CCONJ
ftr-365	576	73	(	(	PUNCT
ftr-365	576	74	iii	iii	X
ftr-365	576	75	)	)	PUNCT
ftr-365	576	76	a	a	DET
ftr-365	576	77	controlled	control	VERB
ftr-365	576	78	foreign	foreign	ADJ
ftr-365	576	79	corporation	corporation	NOUN
ftr-365	576	80	from	from	ADP
ftr-365	576	81	a	a	DET
ftr-365	576	82	related	related	ADJ
ftr-365	576	83	person	person	NOUN
ftr-365	576	84	.	.	PUNCT
ftr-365	577	1	137	137	NUM
ftr-365	577	2	with	with	ADP
ftr-365	577	3	respect	respect	NOUN
ftr-365	577	4	to	to	ADP
ftr-365	577	5	tax	tax	NOUN
ftr-365	577	6	treaties	treaty	NOUN
ftr-365	577	7	,	,	PUNCT
ftr-365	577	8	the	the	DET
ftr-365	577	9	united	united	PROPN
ftr-365	577	10	states	states	PROPN
ftr-365	577	11	clearly	clearly	ADV
ftr-365	577	12	follows	follow	VERB
ftr-365	577	13	the	the	DET
ftr-365	577	14	same	same	ADJ
ftr-365	577	15	principle	principle	NOUN
ftr-365	577	16	–	–	PUNCT
ftr-365	577	17	pursuant	pursuant	ADJ
ftr-365	577	18	to	to	ADP
ftr-365	577	19	the	the	DET
ftr-365	577	20	u.s	u.s	PROPN
ftr-365	577	21	.	.	PROPN
ftr-365	577	22	model	model	PROPN
ftr-365	577	23	treaty	treaty	PROPN
ftr-365	577	24	,	,	PUNCT
ftr-365	577	25	the	the	DET
ftr-365	577	26	rate	rate	NOUN
ftr-365	577	27	of	of	ADP
ftr-365	577	28	withholding	withhold	VERB
ftr-365	577	29	for	for	ADP
ftr-365	577	30	interest	interest	NOUN
ftr-365	577	31	130	130	NUM
ftr-365	577	32	.	.	PUNCT
ftr-365	578	1	i	i	PRON
ftr-365	578	2	d.	d.	PROPN
ftr-365	578	3	another	another	DET
ftr-365	578	4	example	example	NOUN
ftr-365	578	5	discussed	discuss	VERB
ftr-365	578	6	below	below	ADV
ftr-365	578	7	is	be	AUX
ftr-365	578	8	the	the	DET
ftr-365	578	9	source	source	NOUN
ftr-365	578	10	rules	rule	NOUN
ftr-365	578	11	for	for	ADP
ftr-365	578	12	income	income	NOUN
ftr-365	578	13	on	on	ADP
ftr-365	578	14	a	a	DET
ftr-365	578	15	notional	notional	ADJ
ftr-365	578	16	principal	principal	ADJ
ftr-365	578	17	contract	contract	NOUN
ftr-365	578	18	pursuant	pursuant	ADJ
ftr-365	578	19	to	to	ADP
ftr-365	578	20	treas	treas	PROPN
ftr-365	578	21	.	.	PUNCT
ftr-365	579	1	regs	regs	PROPN
ftr-365	579	2	.	.	PUNCT
ftr-365	580	1	§	§	PROPN
ftr-365	580	2	1.863	1.863	NUM
ftr-365	580	3	-	-	SYM
ftr-365	580	4	7(b	7(b	NUM
ftr-365	580	5	)	)	PUNCT
ftr-365	580	6	(	(	PUNCT
ftr-365	580	7	residency	residency	NOUN
ftr-365	580	8	of	of	ADP
ftr-365	580	9	recipient	recipient	NOUN
ftr-365	580	10	)	)	PUNCT
ftr-365	580	11	.	.	PUNCT
ftr-365	581	1	see	see	VERB
ftr-365	581	2	also	also	ADV
ftr-365	581	3	jcx	jcx	VERB
ftr-365	581	4	40	40	NUM
ftr-365	581	5	-	-	SYM
ftr-365	581	6	99	99	NUM
ftr-365	581	7	,	,	PUNCT
ftr-365	581	8	supra	supra	PROPN
ftr-365	581	9	note	note	NOUN
ftr-365	581	10	63	63	NUM
ftr-365	581	11	.	.	PUNCT
ftr-365	582	1	131	131	NUM
ftr-365	582	2	.	.	PUNCT
ftr-365	583	1	i	i	PRON
ftr-365	583	2	d.	d.	PROPN
ftr-365	583	3	132	132	NUM
ftr-365	583	4	.	.	PUNCT
ftr-365	584	1	pub	pub	NOUN
ftr-365	584	2	.	.	PUNCT
ftr-365	585	1	l.	l.	PROPN
ftr-365	585	2	no	no	INTJ
ftr-365	585	3	.	.	PROPN
ftr-365	586	1	98	98	NUM
ftr-365	586	2	-	-	SYM
ftr-365	586	3	369	369	NUM
ftr-365	586	4	,	,	PUNCT
ftr-365	586	5	98	98	NUM
ftr-365	586	6	stat	stat	NOUN
ftr-365	586	7	.	.	PUNCT
ftr-365	587	1	494	494	NUM
ftr-365	587	2	.	.	PUNCT
ftr-365	588	1	thus	thus	ADV
ftr-365	588	2	,	,	PUNCT
ftr-365	588	3	interest	interest	NOUN
ftr-365	588	4	on	on	ADP
ftr-365	588	5	a	a	DET
ftr-365	588	6	loan	loan	NOUN
ftr-365	588	7	from	from	ADP
ftr-365	588	8	a	a	DET
ftr-365	588	9	foreign	foreign	ADJ
ftr-365	588	10	parent	parent	NOUN
ftr-365	588	11	to	to	ADP
ftr-365	588	12	a	a	DET
ftr-365	588	13	u.s	u.s	PROPN
ftr-365	588	14	.	.	PROPN
ftr-365	588	15	subsidiary	subsidiary	NOUN
ftr-365	588	16	is	be	AUX
ftr-365	588	17	not	not	PART
ftr-365	588	18	exempt	exempt	ADJ
ftr-365	588	19	if	if	SCONJ
ftr-365	588	20	the	the	DET
ftr-365	588	21	parent	parent	NOUN
ftr-365	588	22	owns	own	VERB
ftr-365	588	23	10	10	NUM
ftr-365	588	24	%	%	NOUN
ftr-365	588	25	or	or	CCONJ
ftr-365	588	26	more	more	ADJ
ftr-365	588	27	of	of	ADP
ftr-365	588	28	the	the	DET
ftr-365	588	29	u.s	u.s	PROPN
ftr-365	588	30	.	.	PROPN
ftr-365	588	31	subsidiary	subsidiary	PROPN
ftr-365	588	32	’s	’s	PART
ftr-365	588	33	stock	stock	NOUN
ftr-365	588	34	.	.	PUNCT
ftr-365	589	1	see	see	VERB
ftr-365	589	2	avi	avi	PROPN
ftr-365	589	3	-	-	PUNCT
ftr-365	589	4	yonah	yonah	NOUN
ftr-365	589	5	(	(	PUNCT
ftr-365	589	6	2000	2000	NUM
ftr-365	589	7	)	)	PUNCT
ftr-365	589	8	,	,	PUNCT
ftr-365	589	9	supra	supra	PROPN
ftr-365	589	10	note	note	NOUN
ftr-365	589	11	3	3	NUM
ftr-365	589	12	,	,	PUNCT
ftr-365	589	13	at	at	ADP
ftr-365	589	14	1579	1579	NUM
ftr-365	589	15	-	-	SYM
ftr-365	589	16	80	80	NUM
ftr-365	589	17	.	.	PUNCT
ftr-365	590	1	133	133	NUM
ftr-365	590	2	.	.	PUNCT
ftr-365	591	1	j.	j.	PROPN
ftr-365	591	2	comm	comm	PROPN
ftr-365	591	3	.	.	PUNCT
ftr-365	592	1	on	on	ADP
ftr-365	592	2	tax’n	tax’n	NUM
ftr-365	592	3	,	,	PUNCT
ftr-365	592	4	98th	98th	ADJ
ftr-365	592	5	cong	cong	NOUN
ftr-365	592	6	.	.	PUNCT
ftr-365	592	7	,	,	PUNCT
ftr-365	592	8	2nd	2nd	ADJ
ftr-365	592	9	sess	sess	NOUN
ftr-365	592	10	.	.	PUNCT
ftr-365	592	11	,	,	PUNCT
ftr-365	592	12	general	general	ADJ
ftr-365	592	13	explanation	explanation	NOUN
ftr-365	592	14	of	of	ADP
ftr-365	592	15	the	the	DET
ftr-365	592	16	revenue	revenue	NOUN
ftr-365	592	17	provisions	provision	NOUN
ftr-365	592	18	of	of	ADP
ftr-365	592	19	the	the	DET
ftr-365	592	20	deficit	deficit	NOUN
ftr-365	592	21	reduction	reduction	NOUN
ftr-365	592	22	act	act	NOUN
ftr-365	592	23	of	of	ADP
ftr-365	592	24	1984	1984	NUM
ftr-365	592	25	,	,	PUNCT
ftr-365	592	26	at	at	ADP
ftr-365	592	27	392	392	NUM
ftr-365	592	28	(	(	PUNCT
ftr-365	592	29	the	the	DET
ftr-365	592	30	stated	stated	ADJ
ftr-365	592	31	purpose	purpose	NOUN
ftr-365	592	32	of	of	ADP
ftr-365	592	33	the	the	DET
ftr-365	592	34	exemption	exemption	NOUN
ftr-365	592	35	was	be	AUX
ftr-365	592	36	“	"	PUNCT
ftr-365	592	37	to	to	PART
ftr-365	592	38	allow	allow	VERB
ftr-365	592	39	u.s	u.s	PROPN
ftr-365	592	40	.	.	PROPN
ftr-365	592	41	corporations	corporation	NOUN
ftr-365	592	42	(	(	PUNCT
ftr-365	592	43	and	and	CCONJ
ftr-365	592	44	the	the	DET
ftr-365	592	45	u.s	u.s	PROPN
ftr-365	592	46	.	.	PROPN
ftr-365	592	47	treasury	treasury	PROPN
ftr-365	592	48	)	)	PUNCT
ftr-365	592	49	direct	direct	ADJ
ftr-365	592	50	access	access	NOUN
ftr-365	592	51	to	to	ADP
ftr-365	592	52	the	the	DET
ftr-365	592	53	eurobond	eurobond	NOUN
ftr-365	592	54	market	market	NOUN
ftr-365	592	55	.	.	PUNCT
ftr-365	592	56	”	"	PUNCT
ftr-365	592	57	)	)	PUNCT
ftr-365	592	58	.	.	PUNCT
ftr-365	593	1	see	see	VERB
ftr-365	593	2	also	also	ADV
ftr-365	593	3	the	the	DET
ftr-365	593	4	1984	1984	NUM
ftr-365	593	5	joint	joint	ADJ
ftr-365	593	6	committee	committee	NOUN
ftr-365	593	7	on	on	ADP
ftr-365	593	8	taxation	taxation	NOUN
ftr-365	593	9	(	(	PUNCT
ftr-365	593	10	jct	jct	PROPN
ftr-365	593	11	)	)	PUNCT
ftr-365	593	12	report	report	NOUN
ftr-365	593	13	accompanying	accompany	VERB
ftr-365	593	14	the	the	DET
ftr-365	593	15	legislation	legislation	NOUN
ftr-365	593	16	(	(	PUNCT
ftr-365	593	17	tax	tax	NOUN
ftr-365	593	18	treatment	treatment	NOUN
ftr-365	593	19	of	of	ADP
ftr-365	593	20	interest	interest	NOUN
ftr-365	593	21	paid	pay	VERB
ftr-365	593	22	to	to	ADP
ftr-365	593	23	foreign	foreign	ADJ
ftr-365	593	24	investors	investor	NOUN
ftr-365	593	25	(	(	PUNCT
ftr-365	593	26	jcs23	jcs23	PROPN
ftr-365	593	27	-	-	PUNCT
ftr-365	593	28	84	84	NUM
ftr-365	593	29	,	,	PUNCT
ftr-365	593	30	apr	apr	NOUN
ftr-365	593	31	.	.	PROPN
ftr-365	593	32	28	28	NUM
ftr-365	593	33	,	,	PUNCT
ftr-365	593	34	1984	1984	NUM
ftr-365	593	35	)	)	PUNCT
ftr-365	593	36	(	(	PUNCT
ftr-365	593	37	“	"	PUNCT
ftr-365	593	38	if	if	SCONJ
ftr-365	593	39	the	the	DET
ftr-365	593	40	primary	primary	ADJ
ftr-365	593	41	effect	effect	NOUN
ftr-365	593	42	of	of	ADP
ftr-365	593	43	repeal	repeal	NOUN
ftr-365	593	44	is	be	AUX
ftr-365	593	45	to	to	PART
ftr-365	593	46	cause	cause	VERB
ftr-365	593	47	foreign	foreign	ADJ
ftr-365	593	48	investors	investor	NOUN
ftr-365	593	49	to	to	PART
ftr-365	593	50	shift	shift	VERB
ftr-365	593	51	from	from	ADP
ftr-365	593	52	short	short	ADJ
ftr-365	593	53	to	to	ADP
ftr-365	593	54	medium	medium	ADJ
ftr-365	593	55	term	term	NOUN
ftr-365	593	56	u.s	u.s	PROPN
ftr-365	593	57	.	.	PROPN
ftr-365	593	58	securities	security	NOUN
ftr-365	593	59	.	.	PUNCT
ftr-365	593	60	.	.	PUNCT
ftr-365	594	1	.	.	PUNCT
ftr-365	595	1	,	,	PUNCT
ftr-365	595	2	then	then	ADV
ftr-365	595	3	medium	medium	ADJ
ftr-365	595	4	term	term	NOUN
ftr-365	595	5	interest	interest	NOUN
ftr-365	595	6	rates	rate	NOUN
ftr-365	595	7	would	would	AUX
ftr-365	595	8	decline	decline	VERB
ftr-365	595	9	.	.	PUNCT
ftr-365	595	10	.	.	PUNCT
ftr-365	595	11	.	.	PUNCT
ftr-365	595	12	.	.	PUNCT
ftr-365	596	1	[	[	X
ftr-365	596	2	t]his	t]his	PRON
ftr-365	596	3	would	would	AUX
ftr-365	596	4	benefit	benefit	VERB
ftr-365	596	5	the	the	DET
ftr-365	596	6	us	us	PROPN
ftr-365	596	7	economy	economy	NOUN
ftr-365	596	8	by	by	ADP
ftr-365	596	9	stimulating	stimulate	VERB
ftr-365	596	10	investment	investment	NOUN
ftr-365	596	11	in	in	ADP
ftr-365	596	12	plant	plant	NOUN
ftr-365	596	13	and	and	CCONJ
ftr-365	596	14	equipment	equipment	NOUN
ftr-365	596	15	.	.	PUNCT
ftr-365	596	16	.	.	PUNCT
ftr-365	596	17	.	.	PUNCT
ftr-365	596	18	.	.	PUNCT
ftr-365	597	1	proponents	proponent	NOUN
ftr-365	597	2	of	of	ADP
ftr-365	597	3	repeal	repeal	NOUN
ftr-365	597	4	of	of	ADP
ftr-365	597	5	the	the	PRON
ftr-365	597	6	.	.	PUNCT
ftr-365	597	7	.	.	PUNCT
ftr-365	597	8	.	.	PUNCT
ftr-365	598	1	withholding	withhold	VERB
ftr-365	598	2	tax	tax	NOUN
ftr-365	598	3	argue	argue	VERB
ftr-365	598	4	that	that	SCONJ
ftr-365	598	5	the	the	DET
ftr-365	598	6	attractiveness	attractiveness	NOUN
ftr-365	598	7	of	of	ADP
ftr-365	598	8	u.s	u.s	PROPN
ftr-365	598	9	.	.	PROPN
ftr-365	598	10	bonds	bond	NOUN
ftr-365	598	11	in	in	ADP
ftr-365	598	12	the	the	DET
ftr-365	598	13	international	international	ADJ
ftr-365	598	14	bond	bond	NOUN
ftr-365	598	15	market	market	NOUN
ftr-365	598	16	is	be	AUX
ftr-365	598	17	greatly	greatly	ADV
ftr-365	598	18	diminished	diminish	VERB
ftr-365	598	19	by	by	ADP
ftr-365	598	20	the	the	DET
ftr-365	598	21	withholding	withholding	NOUN
ftr-365	598	22	tax	tax	NOUN
ftr-365	598	23	,	,	PUNCT
ftr-365	598	24	so	so	SCONJ
ftr-365	598	25	that	that	SCONJ
ftr-365	598	26	the	the	DET
ftr-365	598	27	tax	tax	NOUN
ftr-365	598	28	is	be	AUX
ftr-365	598	29	a	a	DET
ftr-365	598	30	barrier	barrier	NOUN
ftr-365	598	31	to	to	ADP
ftr-365	598	32	international	international	ADJ
ftr-365	598	33	trade	trade	NOUN
ftr-365	598	34	in	in	ADP
ftr-365	598	35	assets	asset	NOUN
ftr-365	598	36	.	.	PUNCT
ftr-365	598	37	”	"	PUNCT
ftr-365	598	38	)	)	PUNCT
ftr-365	598	39	.	.	PUNCT
ftr-365	599	1	134	134	NUM
ftr-365	599	2	.	.	PUNCT
ftr-365	600	1	dan	dan	PROPN
ftr-365	600	2	r.	r.	PROPN
ftr-365	600	3	mastromarco	mastromarco	PROPN
ftr-365	600	4	&	&	CCONJ
ftr-365	600	5	lawrence	lawrence	PROPN
ftr-365	600	6	a.	a.	PROPN
ftr-365	600	7	hunter	hunter	PROPN
ftr-365	600	8	,	,	PUNCT
ftr-365	600	9	the	the	DET
ftr-365	600	10	u.s	u.s	PROPN
ftr-365	600	11	.	.	PROPN
ftr-365	600	12	anti	anti	ADJ
ftr-365	600	13	-	-	ADJ
ftr-365	600	14	savings	savings	ADJ
ftr-365	600	15	directive	directive	NOUN
ftr-365	600	16	,	,	PUNCT
ftr-365	600	17	2002	2002	NUM
ftr-365	600	18	tnt	tnt	PROPN
ftr-365	600	19	247	247	NUM
ftr-365	600	20	-	-	SYM
ftr-365	600	21	28	28	NUM
ftr-365	600	22	.	.	PUNCT
ftr-365	600	23	135	135	NUM
ftr-365	600	24	.	.	PUNCT
ftr-365	601	1	irc	irc	PROPN
ftr-365	601	2	§	§	PROPN
ftr-365	601	3	871(h)(3	871(h)(3	NUM
ftr-365	601	4	)	)	PUNCT
ftr-365	601	5	.	.	PUNCT
ftr-365	602	1	136	136	NUM
ftr-365	602	2	.	.	PUNCT
ftr-365	603	1	irc	irc	PROPN
ftr-365	603	2	§	§	PROPN
ftr-365	603	3	881(c)(3)(a	881(c)(3)(a	PROPN
ftr-365	603	4	)	)	PUNCT
ftr-365	603	5	.	.	PUNCT
ftr-365	604	1	137	137	NUM
ftr-365	604	2	.	.	PUNCT
ftr-365	605	1	irc	irc	PROPN
ftr-365	605	2	§	§	PROPN
ftr-365	605	3	881(c)(3)(c	881(c)(3)(c	PROPN
ftr-365	605	4	)	)	PUNCT
ftr-365	605	5	.	.	PUNCT
ftr-365	606	1	2008	2008	NUM
ftr-365	606	2	]	]	PUNCT
ftr-365	607	1	the	the	DET
ftr-365	607	2	case	case	NOUN
ftr-365	607	3	for	for	ADP
ftr-365	607	4	residency	residency	NOUN
ftr-365	607	5	-	-	PUNCT
ftr-365	607	6	based	base	VERB
ftr-365	607	7	taxation	taxation	NOUN
ftr-365	607	8	27	27	NUM
ftr-365	607	9	under	under	ADP
ftr-365	607	10	article	article	NOUN
ftr-365	607	11	11	11	NUM
ftr-365	607	12	is	be	AUX
ftr-365	607	13	zero	zero	NUM
ftr-365	607	14	.	.	PUNCT
ftr-365	608	1	138	138	NUM
ftr-365	608	2	the	the	DET
ftr-365	608	3	oecd	oecd	PROPN
ftr-365	608	4	model	model	NOUN
ftr-365	608	5	treaty	treaty	NOUN
ftr-365	608	6	permits	permit	VERB
ftr-365	608	7	up	up	ADP
ftr-365	608	8	to	to	PART
ftr-365	608	9	10	10	NUM
ftr-365	608	10	%	%	NOUN
ftr-365	608	11	of	of	ADP
ftr-365	608	12	withholding	withholding	NOUN
ftr-365	608	13	rate	rate	NOUN
ftr-365	608	14	for	for	ADP
ftr-365	608	15	interest	interest	NOUN
ftr-365	608	16	,	,	PUNCT
ftr-365	608	17	139	139	NUM
ftr-365	608	18	and	and	CCONJ
ftr-365	608	19	as	as	SCONJ
ftr-365	608	20	illustrated	illustrate	VERB
ftr-365	608	21	in	in	ADP
ftr-365	608	22	table	table	NOUN
ftr-365	608	23	2	2	NUM
ftr-365	608	24	below	below	ADV
ftr-365	608	25	,	,	PUNCT
ftr-365	608	26	it	it	PRON
ftr-365	608	27	is	be	AUX
ftr-365	608	28	very	very	ADV
ftr-365	608	29	rare	rare	ADJ
ftr-365	608	30	for	for	SCONJ
ftr-365	608	31	interest	interest	NOUN
ftr-365	608	32	income	income	NOUN
ftr-365	608	33	to	to	PART
ftr-365	608	34	be	be	AUX
ftr-365	608	35	taxable	taxable	ADJ
ftr-365	608	36	at	at	ADP
ftr-365	608	37	more	more	ADJ
ftr-365	608	38	than	than	ADP
ftr-365	608	39	10	10	NUM
ftr-365	608	40	%	%	NOUN
ftr-365	608	41	by	by	ADP
ftr-365	608	42	the	the	DET
ftr-365	608	43	source	source	NOUN
ftr-365	608	44	country	country	NOUN
ftr-365	608	45	.	.	PUNCT
ftr-365	609	1	finally	finally	ADV
ftr-365	609	2	,	,	PUNCT
ftr-365	609	3	the	the	DET
ftr-365	609	4	u.n	u.n	PROPN
ftr-365	609	5	.	.	PROPN
ftr-365	609	6	model	model	PROPN
ftr-365	609	7	treaty	treaty	NOUN
ftr-365	609	8	suggests	suggest	VERB
ftr-365	609	9	higher	high	ADJ
ftr-365	609	10	rates	rate	NOUN
ftr-365	609	11	for	for	ADP
ftr-365	609	12	passive	passive	ADJ
ftr-365	609	13	income	income	NOUN
ftr-365	609	14	in	in	ADP
ftr-365	609	15	general	general	ADJ
ftr-365	609	16	,	,	PUNCT
ftr-365	609	17	and	and	CCONJ
ftr-365	609	18	for	for	ADP
ftr-365	609	19	interest	interest	NOUN
ftr-365	609	20	in	in	ADP
ftr-365	609	21	particular	particular	ADJ
ftr-365	609	22	(	(	PUNCT
ftr-365	609	23	which	which	PRON
ftr-365	609	24	leaves	leave	VERB
ftr-365	609	25	more	more	ADJ
ftr-365	609	26	tax	tax	NOUN
ftr-365	609	27	revenues	revenue	NOUN
ftr-365	609	28	in	in	ADP
ftr-365	609	29	the	the	DET
ftr-365	609	30	source	source	NOUN
ftr-365	609	31	country	country	NOUN
ftr-365	609	32	)	)	PUNCT
ftr-365	609	33	,	,	PUNCT
ftr-365	609	34	but	but	CCONJ
ftr-365	609	35	allows	allow	VERB
ftr-365	609	36	different	different	ADJ
ftr-365	609	37	rates	rate	NOUN
ftr-365	609	38	on	on	ADP
ftr-365	609	39	a	a	DET
ftr-365	609	40	case	case	NOUN
ftr-365	609	41	-	-	PUNCT
ftr-365	609	42	by	by	ADP
ftr-365	609	43	-	-	PUNCT
ftr-365	609	44	case	case	NOUN
ftr-365	609	45	basis	basis	NOUN
ftr-365	609	46	.	.	PUNCT
ftr-365	610	1	140	140	NUM
ftr-365	610	2	3	3	X
ftr-365	610	3	.	.	PUNCT
ftr-365	610	4	taxation	taxation	NOUN
ftr-365	610	5	of	of	ADP
ftr-365	610	6	dividends	dividend	NOUN
ftr-365	610	7	and	and	CCONJ
ftr-365	610	8	total	total	ADJ
ftr-365	610	9	return	return	NOUN
ftr-365	610	10	swaps	swap	NOUN
ftr-365	610	11	as	as	SCONJ
ftr-365	610	12	set	set	VERB
ftr-365	610	13	forth	forth	ADV
ftr-365	610	14	above	above	ADV
ftr-365	610	15	,	,	PUNCT
ftr-365	610	16	the	the	DET
ftr-365	610	17	source	source	NOUN
ftr-365	610	18	of	of	ADP
ftr-365	610	19	dividend	dividend	NOUN
ftr-365	610	20	income	income	NOUN
ftr-365	610	21	is	be	AUX
ftr-365	610	22	generally	generally	ADV
ftr-365	610	23	the	the	DET
ftr-365	610	24	residency	residency	NOUN
ftr-365	610	25	of	of	ADP
ftr-365	610	26	the	the	DET
ftr-365	610	27	payor	payor	NOUN
ftr-365	610	28	in	in	ADP
ftr-365	610	29	many	many	ADJ
ftr-365	610	30	countries	country	NOUN
ftr-365	610	31	including	include	VERB
ftr-365	610	32	the	the	DET
ftr-365	610	33	united	united	PROPN
ftr-365	610	34	states	states	PROPN
ftr-365	610	35	.	.	PUNCT
ftr-365	611	1	141	141	NUM
ftr-365	611	2	to	to	ADP
ftr-365	611	3	date	date	NOUN
ftr-365	611	4	,	,	PUNCT
ftr-365	611	5	there	there	PRON
ftr-365	611	6	is	be	VERB
ftr-365	611	7	no	no	DET
ftr-365	611	8	portfolio	portfolio	NOUN
ftr-365	611	9	dividend	dividend	NOUN
ftr-365	611	10	exemption	exemption	NOUN
ftr-365	611	11	in	in	ADP
ftr-365	611	12	the	the	DET
ftr-365	611	13	united	united	PROPN
ftr-365	611	14	states	states	PROPN
ftr-365	611	15	;	;	PUNCT
ftr-365	611	16	142	142	NUM
ftr-365	611	17	u.s	u.s	PROPN
ftr-365	611	18	.	.	PROPN
ftr-365	611	19	withholding	withholding	NOUN
ftr-365	611	20	tax	tax	NOUN
ftr-365	611	21	on	on	ADP
ftr-365	611	22	inbound	inbound	ADJ
ftr-365	611	23	transactions	transaction	NOUN
ftr-365	611	24	by	by	ADP
ftr-365	611	25	foreign	foreign	ADJ
ftr-365	611	26	investors	investor	NOUN
ftr-365	611	27	may	may	AUX
ftr-365	611	28	be	be	AUX
ftr-365	611	29	avoided	avoid	VERB
ftr-365	611	30	by	by	ADP
ftr-365	611	31	using	use	VERB
ftr-365	611	32	various	various	ADJ
ftr-365	611	33	types	type	NOUN
ftr-365	611	34	of	of	ADP
ftr-365	611	35	derivatives	derivative	NOUN
ftr-365	611	36	,	,	PUNCT
ftr-365	611	37	because	because	SCONJ
ftr-365	611	38	,	,	PUNCT
ftr-365	611	39	as	as	SCONJ
ftr-365	611	40	discussed	discuss	VERB
ftr-365	611	41	in	in	ADP
ftr-365	611	42	greater	great	ADJ
ftr-365	611	43	detail	detail	NOUN
ftr-365	611	44	below	below	ADV
ftr-365	611	45	,	,	PUNCT
ftr-365	611	46	the	the	DET
ftr-365	611	47	source	source	NOUN
ftr-365	611	48	of	of	ADP
ftr-365	611	49	certain	certain	ADJ
ftr-365	611	50	types	type	NOUN
ftr-365	611	51	of	of	ADP
ftr-365	611	52	income	income	NOUN
ftr-365	611	53	from	from	ADP
ftr-365	611	54	certain	certain	ADJ
ftr-365	611	55	derivatives	derivative	NOUN
ftr-365	611	56	is	be	AUX
ftr-365	611	57	generally	generally	ADV
ftr-365	611	58	the	the	DET
ftr-365	611	59	residency	residency	NOUN
ftr-365	611	60	of	of	ADP
ftr-365	611	61	the	the	DET
ftr-365	611	62	recipient	recipient	NOUN
ftr-365	611	63	.	.	PUNCT
ftr-365	612	1	145	145	NUM
ftr-365	612	2	in	in	ADP
ftr-365	612	3	particular	particular	ADJ
ftr-365	612	4	,	,	PUNCT
ftr-365	612	5	withholding	withhold	VERB
ftr-365	612	6	on	on	ADP
ftr-365	612	7	dividends	dividend	NOUN
ftr-365	612	8	has	have	AUX
ftr-365	612	9	been	be	AUX
ftr-365	612	10	avoided	avoid	VERB
ftr-365	612	11	by	by	ADP
ftr-365	612	12	using	use	VERB
ftr-365	612	13	total	total	ADJ
ftr-365	612	14	return	return	NOUN
ftr-365	612	15	equity	equity	NOUN
ftr-365	612	16	swaps	swap	NOUN
ftr-365	612	17	;	;	PUNCT
ftr-365	612	18	instead	instead	ADV
ftr-365	612	19	of	of	ADP
ftr-365	612	20	buying	buy	VERB
ftr-365	612	21	the	the	DET
ftr-365	612	22	shares	share	NOUN
ftr-365	612	23	directly	directly	ADV
ftr-365	612	24	,	,	PUNCT
ftr-365	612	25	the	the	DET
ftr-365	612	26	foreign	foreign	ADJ
ftr-365	612	27	investor	investor	NOUN
ftr-365	612	28	enters	enter	VERB
ftr-365	612	29	into	into	ADP
ftr-365	612	30	a	a	DET
ftr-365	612	31	swap	swap	NOUN
ftr-365	612	32	with	with	ADP
ftr-365	612	33	a	a	DET
ftr-365	612	34	u.s	u.s	PROPN
ftr-365	612	35	.	.	PROPN
ftr-365	612	36	bank	bank	PROPN
ftr-365	612	37	and	and	CCONJ
ftr-365	612	38	pays	pay	VERB
ftr-365	612	39	the	the	DET
ftr-365	612	40	value	value	NOUN
ftr-365	612	41	of	of	ADP
ftr-365	612	42	the	the	DET
ftr-365	612	43	shares	share	NOUN
ftr-365	612	44	to	to	ADP
ftr-365	612	45	the	the	DET
ftr-365	612	46	bank	bank	NOUN
ftr-365	612	47	.	.	PUNCT
ftr-365	613	1	146	146	NUM
ftr-365	613	2	in	in	ADP
ftr-365	613	3	return	return	NOUN
ftr-365	613	4	,	,	PUNCT
ftr-365	613	5	the	the	DET
ftr-365	613	6	bank	bank	NOUN
ftr-365	613	7	pays	pay	VERB
ftr-365	613	8	the	the	DET
ftr-365	613	9	foreign	foreign	ADJ
ftr-365	613	10	investor	investor	NOUN
ftr-365	613	11	an	an	DET
ftr-365	613	12	amount	amount	NOUN
ftr-365	613	13	equal	equal	ADJ
ftr-365	613	14	to	to	ADP
ftr-365	613	15	the	the	DET
ftr-365	613	16	dividend	dividend	NOUN
ftr-365	613	17	paid	pay	VERB
ftr-365	613	18	by	by	ADP
ftr-365	613	19	the	the	DET
ftr-365	613	20	u.s	u.s	PROPN
ftr-365	613	21	.	.	PROPN
ftr-365	613	22	corporation	corporation	NOUN
ftr-365	613	23	(	(	PUNCT
ftr-365	613	24	“	"	PUNCT
ftr-365	613	25	the	the	DET
ftr-365	613	26	dividend	dividend	NOUN
ftr-365	613	27	equivalent	equivalent	ADJ
ftr-365	613	28	amount	amount	NOUN
ftr-365	613	29	”	"	PUNCT
ftr-365	613	30	)	)	PUNCT
ftr-365	613	31	.	.	PUNCT
ftr-365	614	1	as	as	ADP
ftr-365	614	2	of	of	ADP
ftr-365	614	3	today	today	NOUN
ftr-365	614	4	,	,	PUNCT
ftr-365	614	5	there	there	PRON
ftr-365	614	6	is	be	VERB
ftr-365	614	7	no	no	DET
ftr-365	614	8	u.s	u.s	PROPN
ftr-365	614	9	.	.	PROPN
ftr-365	614	10	withholding	withholding	NOUN
ftr-365	614	11	tax	tax	NOUN
ftr-365	614	12	on	on	ADP
ftr-365	614	13	the	the	DET
ftr-365	614	14	payment	payment	NOUN
ftr-365	614	15	of	of	ADP
ftr-365	614	16	the	the	DET
ftr-365	614	17	138	138	NUM
ftr-365	614	18	.	.	PUNCT
ftr-365	615	1	see	see	VERB
ftr-365	615	2	jcx	jcx	ADJ
ftr-365	615	3	40	40	NUM
ftr-365	615	4	-	-	SYM
ftr-365	615	5	99	99	NUM
ftr-365	615	6	,	,	PUNCT
ftr-365	615	7	supra	supra	PROPN
ftr-365	615	8	note	note	NOUN
ftr-365	615	9	63	63	NUM
ftr-365	615	10	.	.	PUNCT
ftr-365	616	1	this	this	DET
ftr-365	616	2	rate	rate	NOUN
ftr-365	616	3	is	be	AUX
ftr-365	616	4	however	however	ADV
ftr-365	616	5	,	,	PUNCT
ftr-365	616	6	negotiable	negotiable	ADJ
ftr-365	616	7	,	,	PUNCT
ftr-365	616	8	(	(	PUNCT
ftr-365	616	9	e.g.	e.g.	ADV
ftr-365	616	10	,	,	PUNCT
ftr-365	616	11	with	with	ADP
ftr-365	616	12	mexico	mexico	PROPN
ftr-365	616	13	the	the	DET
ftr-365	616	14	rate	rate	NOUN
ftr-365	616	15	for	for	ADP
ftr-365	616	16	interest	interest	NOUN
ftr-365	616	17	is	be	AUX
ftr-365	616	18	4.9	4.9	NUM
ftr-365	616	19	%	%	NOUN
ftr-365	616	20	;	;	PUNCT
ftr-365	616	21	with	with	ADP
ftr-365	616	22	japan	japan	PROPN
ftr-365	616	23	the	the	DET
ftr-365	616	24	rate	rate	NOUN
ftr-365	616	25	for	for	ADP
ftr-365	616	26	royalty	royalty	NOUN
ftr-365	616	27	is	be	AUX
ftr-365	616	28	10	10	NUM
ftr-365	616	29	%	%	NOUN
ftr-365	616	30	)	)	PUNCT
ftr-365	616	31	.	.	PUNCT
ftr-365	617	1	139	139	NUM
ftr-365	617	2	.	.	PUNCT
ftr-365	618	1	i	i	PRON
ftr-365	618	2	d.	d.	PROPN
ftr-365	618	3	140	140	NUM
ftr-365	618	4	.	.	PUNCT
ftr-365	619	1	i	i	PRON
ftr-365	619	2	d.	d.	PROPN
ftr-365	619	3	141	141	NUM
ftr-365	619	4	.	.	PUNCT
ftr-365	619	5	irc	irc	PROPN
ftr-365	619	6	§	§	PROPN
ftr-365	619	7	861(a)(2)(a	861(a)(2)(a	PROPN
ftr-365	619	8	)	)	PUNCT
ftr-365	619	9	.	.	PUNCT
ftr-365	620	1	142	142	NUM
ftr-365	620	2	.	.	PUNCT
ftr-365	621	1	see	see	VERB
ftr-365	621	2	reich	reich	PROPN
ftr-365	621	3	,	,	PUNCT
ftr-365	621	4	supra	supra	PROPN
ftr-365	621	5	note	note	PROPN
ftr-365	621	6	11	11	NUM
ftr-365	621	7	;	;	PUNCT
ftr-365	621	8	merrill	merrill	PROPN
ftr-365	621	9	et	et	PROPN
ftr-365	621	10	.	.	PUNCT
ftr-365	622	1	al	al	PROPN
ftr-365	622	2	.	.	PROPN
ftr-365	622	3	,	,	PUNCT
ftr-365	622	4	supra	supra	PROPN
ftr-365	622	5	note	note	NOUN
ftr-365	622	6	30	30	NUM
ftr-365	622	7	,	,	PUNCT
ftr-365	622	8	at	at	ADP
ftr-365	622	9	1389	1389	NUM
ftr-365	622	10	(	(	PUNCT
ftr-365	622	11	“	"	PUNCT
ftr-365	622	12	the	the	DET
ftr-365	622	13	recent	recent	ADJ
ftr-365	622	14	proliferation	proliferation	NOUN
ftr-365	622	15	of	of	ADP
ftr-365	622	16	free	free	ADJ
ftr-365	622	17	trade	trade	NOUN
ftr-365	622	18	areas	area	NOUN
ftr-365	622	19	bolsters	bolster	VERB
ftr-365	622	20	the	the	DET
ftr-365	622	21	argument	argument	NOUN
ftr-365	622	22	for	for	ADP
ftr-365	622	23	zero	zero	NUM
ftr-365	622	24	withholding	withhold	VERB
ftr-365	622	25	on	on	ADP
ftr-365	622	26	direct	direct	ADJ
ftr-365	622	27	dividends	dividend	NOUN
ftr-365	622	28	.	.	PUNCT
ftr-365	623	1	the	the	DET
ftr-365	623	2	full	full	ADJ
ftr-365	623	3	benefits	benefit	NOUN
ftr-365	623	4	of	of	ADP
ftr-365	623	5	an	an	DET
ftr-365	623	6	integrated	integrate	VERB
ftr-365	623	7	regional	regional	ADJ
ftr-365	623	8	market	market	NOUN
ftr-365	623	9	require	require	VERB
ftr-365	623	10	elimination	elimination	NOUN
ftr-365	623	11	of	of	ADP
ftr-365	623	12	barriers	barrier	NOUN
ftr-365	623	13	to	to	ADP
ftr-365	623	14	capital	capital	NOUN
ftr-365	623	15	flows	flow	NOUN
ftr-365	623	16	–	–	PUNCT
ftr-365	623	17	including	include	VERB
ftr-365	623	18	withholding	withhold	VERB
ftr-365	623	19	taxes	taxis	NOUN
ftr-365	623	20	–	–	PUNCT
ftr-365	623	21	as	as	ADV
ftr-365	623	22	well	well	ADV
ftr-365	623	23	as	as	ADP
ftr-365	623	24	trade	trade	NOUN
ftr-365	623	25	flows	flow	NOUN
ftr-365	623	26	.	.	PUNCT
ftr-365	623	27	”	"	PUNCT
ftr-365	623	28	)	)	PUNCT
ftr-365	623	29	.	.	PUNCT
ftr-365	624	1	145	145	NUM
ftr-365	624	2	.	.	PUNCT
ftr-365	624	3	see	see	VERB
ftr-365	624	4	generally	generally	ADV
ftr-365	624	5	thuronyi	thuronyi	NOUN
ftr-365	624	6	,	,	PUNCT
ftr-365	624	7	supra	supra	PROPN
ftr-365	624	8	note	note	PROPN
ftr-365	624	9	10	10	NUM
ftr-365	624	10	(	(	PUNCT
ftr-365	624	11	describing	describe	VERB
ftr-365	624	12	various	various	ADJ
ftr-365	624	13	abusive	abusive	ADJ
ftr-365	624	14	situations	situation	NOUN
ftr-365	624	15	)	)	PUNCT
ftr-365	624	16	;	;	PUNCT
ftr-365	624	17	reich	reich	PROPN
ftr-365	624	18	,	,	PUNCT
ftr-365	624	19	supra	supra	PROPN
ftr-365	624	20	note	note	PROPN
ftr-365	624	21	11	11	NUM
ftr-365	624	22	,	,	PUNCT
ftr-365	624	23	citing	cite	VERB
ftr-365	624	24	the	the	DET
ftr-365	624	25	preamble	preamble	NOUN
ftr-365	624	26	to	to	PART
ftr-365	624	27	prop	prop	VERB
ftr-365	624	28	.	.	PUNCT
ftr-365	625	1	treas	treas	PROPN
ftr-365	625	2	.	.	PUNCT
ftr-365	626	1	regs	regs	PROPN
ftr-365	626	2	.	.	PUNCT
ftr-365	627	1	§	§	PROPN
ftr-365	627	2	1.864(b)-1	1.864(b)-1	NUM
ftr-365	627	3	,	,	PUNCT
ftr-365	627	4	issued	issue	VERB
ftr-365	627	5	june	june	PROPN
ftr-365	627	6	11	11	NUM
ftr-365	627	7	,	,	PUNCT
ftr-365	627	8	1998	1998	NUM
ftr-365	627	9	;	;	PUNCT
ftr-365	627	10	preamble	preamble	VERB
ftr-365	627	11	to	to	ADP
ftr-365	627	12	regulations	regulation	NOUN
ftr-365	627	13	issued	issue	VERB
ftr-365	627	14	under	under	ADP
ftr-365	627	15	irc	irc	PROPN
ftr-365	627	16	§	§	PROPN
ftr-365	627	17	446(b	446(b	PROPN
ftr-365	627	18	)	)	PUNCT
ftr-365	627	19	,	,	PUNCT
ftr-365	627	20	t.d	t.d	PROPN
ftr-365	627	21	.	.	PROPN
ftr-365	627	22	849	849	NUM
ftr-365	627	23	,	,	PUNCT
ftr-365	627	24	58	58	NUM
ftr-365	627	25	fed	fed	PROPN
ftr-365	627	26	.	.	PUNCT
ftr-365	628	1	reg	reg	PROPN
ftr-365	628	2	.	.	PUNCT
ftr-365	629	1	53125	53125	NUM
ftr-365	629	2	(	(	PUNCT
ftr-365	629	3	oct	oct	PROPN
ftr-365	629	4	.	.	PROPN
ftr-365	629	5	14	14	NUM
ftr-365	629	6	,	,	PUNCT
ftr-365	629	7	1993	1993	NUM
ftr-365	629	8	)	)	PUNCT
ftr-365	629	9	(	(	PUNCT
ftr-365	629	10	“	"	PUNCT
ftr-365	629	11	[	[	X
ftr-365	629	12	t]he	t]he	ADV
ftr-365	629	13	irs	irs	PROPN
ftr-365	629	14	is	be	AUX
ftr-365	629	15	considering	consider	VERB
ftr-365	629	16	whether	whether	SCONJ
ftr-365	629	17	notional	notional	ADJ
ftr-365	629	18	principal	principal	ADJ
ftr-365	629	19	contracts	contract	NOUN
ftr-365	629	20	involving	involve	VERB
ftr-365	629	21	certain	certain	ADJ
ftr-365	629	22	specified	specified	ADJ
ftr-365	629	23	indices	index	NOUN
ftr-365	629	24	(	(	PUNCT
ftr-365	629	25	e.g.	e.g.	ADV
ftr-365	629	26	,	,	PUNCT
ftr-365	629	27	one	one	NUM
ftr-365	629	28	issuer	issuer	NOUN
ftr-365	629	29	’s	’s	PART
ftr-365	629	30	stock	stock	NOUN
ftr-365	629	31	)	)	PUNCT
ftr-365	629	32	should	should	AUX
ftr-365	629	33	be	be	AUX
ftr-365	629	34	excluded	exclude	VERB
ftr-365	629	35	from	from	ADP
ftr-365	629	36	the	the	DET
ftr-365	629	37	general	general	ADJ
ftr-365	629	38	sourcing	sourcing	NOUN
ftr-365	629	39	rules	rule	NOUN
ftr-365	629	40	of	of	ADP
ftr-365	629	41	§	§	PROPN
ftr-365	629	42	§	§	PROPN
ftr-365	629	43	861	861	NUM
ftr-365	629	44	through	through	ADP
ftr-365	629	45	865	865	NUM
ftr-365	629	46	.	.	PUNCT
ftr-365	629	47	.	.	PUNCT
ftr-365	629	48	.	.	PUNCT
ftr-365	629	49	.	.	PUNCT
ftr-365	629	50	”	"	PUNCT
ftr-365	629	51	)	)	PUNCT
ftr-365	629	52	;	;	PUNCT
ftr-365	629	53	preamble	preamble	VERB
ftr-365	629	54	to	to	ADP
ftr-365	629	55	proposed	propose	VERB
ftr-365	629	56	regulations	regulation	NOUN
ftr-365	629	57	regarding	regard	VERB
ftr-365	629	58	certain	certain	ADJ
ftr-365	629	59	payments	payment	NOUN
ftr-365	629	60	made	make	VERB
ftr-365	629	61	pursuant	pursuant	ADJ
ftr-365	629	62	to	to	ADP
ftr-365	629	63	a	a	DET
ftr-365	629	64	securities	security	NOUN
ftr-365	629	65	lending	lending	NOUN
ftr-365	629	66	transaction	transaction	NOUN
ftr-365	629	67	,	,	PUNCT
ftr-365	629	68	1992	1992	NUM
ftr-365	629	69	-	-	SYM
ftr-365	629	70	1	1	NUM
ftr-365	629	71	c.b	c.b	PROPN
ftr-365	629	72	.	.	PROPN
ftr-365	629	73	1196	1196	NUM
ftr-365	629	74	(	(	PUNCT
ftr-365	629	75	“	"	PUNCT
ftr-365	629	76	the	the	DET
ftr-365	629	77	service	service	NOUN
ftr-365	629	78	is	be	AUX
ftr-365	629	79	considering	consider	VERB
ftr-365	629	80	whether	whether	SCONJ
ftr-365	629	81	the	the	DET
ftr-365	629	82	proposed	propose	VERB
ftr-365	629	83	regulations	regulation	NOUN
ftr-365	629	84	should	should	AUX
ftr-365	629	85	apply	apply	VERB
ftr-365	629	86	to	to	PART
ftr-365	629	87	dividend	dividend	VERB
ftr-365	629	88	equivalent	equivalent	ADJ
ftr-365	629	89	payments	payment	NOUN
ftr-365	629	90	made	make	VERB
ftr-365	629	91	in	in	ADP
ftr-365	629	92	connection	connection	NOUN
ftr-365	629	93	with	with	ADP
ftr-365	629	94	certain	certain	ADJ
ftr-365	629	95	notional	notional	ADJ
ftr-365	629	96	principal	principal	ADJ
ftr-365	629	97	contracts	contract	NOUN
ftr-365	629	98	,	,	PUNCT
ftr-365	629	99	such	such	ADJ
ftr-365	629	100	as	as	ADP
ftr-365	629	101	an	an	DET
ftr-365	629	102	equity	equity	NOUN
ftr-365	629	103	index	index	NOUN
ftr-365	629	104	swap	swap	NOUN
ftr-365	629	105	structured	structure	VERB
ftr-365	629	106	to	to	PART
ftr-365	629	107	replicate	replicate	VERB
ftr-365	629	108	the	the	DET
ftr-365	629	109	cash	cash	NOUN
ftr-365	629	110	flows	flow	NOUN
ftr-365	629	111	that	that	PRON
ftr-365	629	112	would	would	AUX
ftr-365	629	113	arise	arise	VERB
ftr-365	629	114	from	from	ADP
ftr-365	629	115	an	an	DET
ftr-365	629	116	installment	installment	NOUN
ftr-365	629	117	purchase	purchase	NOUN
ftr-365	629	118	of	of	ADP
ftr-365	629	119	one	one	NUM
ftr-365	629	120	or	or	CCONJ
ftr-365	629	121	more	more	ADJ
ftr-365	629	122	equity	equity	NOUN
ftr-365	629	123	securities	security	NOUN
ftr-365	629	124	.	.	PUNCT
ftr-365	629	125	”	"	PUNCT
ftr-365	629	126	)	)	PUNCT
ftr-365	629	127	.	.	PUNCT
ftr-365	630	1	146	146	NUM
ftr-365	630	2	.	.	PUNCT
ftr-365	631	1	i	i	PRON
ftr-365	631	2	d.	d.	PROPN
ftr-365	631	3	28	28	NUM
ftr-365	632	1	florida	florida	PROPN
ftr-365	632	2	tax	tax	PROPN
ftr-365	632	3	review	review	NOUN
ftr-365	632	4	[	[	X
ftr-365	632	5	vol	vol	NOUN
ftr-365	632	6	.	.	PUNCT
ftr-365	632	7	9:1	9:1	NUM
ftr-365	632	8	dividend	dividend	NOUN
ftr-365	632	9	equivalent	equivalent	ADJ
ftr-365	632	10	amount	amount	NOUN
ftr-365	632	11	from	from	ADP
ftr-365	632	12	the	the	DET
ftr-365	632	13	u.s	u.s	PROPN
ftr-365	632	14	.	.	PROPN
ftr-365	632	15	bank	bank	PROPN
ftr-365	632	16	to	to	ADP
ftr-365	632	17	the	the	DET
ftr-365	632	18	foreign	foreign	ADJ
ftr-365	632	19	investor	investor	NOUN
ftr-365	632	20	because	because	SCONJ
ftr-365	632	21	,	,	PUNCT
ftr-365	632	22	as	as	SCONJ
ftr-365	632	23	discussed	discuss	VERB
ftr-365	632	24	in	in	ADP
ftr-365	632	25	greater	great	ADJ
ftr-365	632	26	detail	detail	NOUN
ftr-365	632	27	below	below	ADV
ftr-365	632	28	,	,	PUNCT
ftr-365	632	29	the	the	DET
ftr-365	632	30	source	source	NOUN
ftr-365	632	31	rule	rule	NOUN
ftr-365	632	32	for	for	ADP
ftr-365	632	33	periodic	periodic	ADJ
ftr-365	632	34	payments	payment	NOUN
ftr-365	632	35	on	on	ADP
ftr-365	632	36	a	a	DET
ftr-365	632	37	notional	notional	ADJ
ftr-365	632	38	principal	principal	ADJ
ftr-365	632	39	contract	contract	NOUN
ftr-365	632	40	is	be	AUX
ftr-365	632	41	the	the	DET
ftr-365	632	42	residency	residency	NOUN
ftr-365	632	43	of	of	ADP
ftr-365	632	44	the	the	DET
ftr-365	632	45	recipient	recipient	NOUN
ftr-365	632	46	.	.	PUNCT
ftr-365	633	1	on	on	ADP
ftr-365	633	2	the	the	DET
ftr-365	633	3	other	other	ADJ
ftr-365	633	4	hand	hand	NOUN
ftr-365	633	5	,	,	PUNCT
ftr-365	633	6	while	while	SCONJ
ftr-365	633	7	the	the	DET
ftr-365	633	8	dividends	dividend	NOUN
ftr-365	633	9	paid	pay	VERB
ftr-365	633	10	to	to	ADP
ftr-365	633	11	the	the	DET
ftr-365	633	12	u.s	u.s	PROPN
ftr-365	633	13	.	.	PROPN
ftr-365	633	14	bank	bank	PROPN
ftr-365	633	15	are	be	AUX
ftr-365	633	16	taxable	taxable	ADJ
ftr-365	633	17	to	to	ADP
ftr-365	633	18	the	the	DET
ftr-365	633	19	bank	bank	NOUN
ftr-365	633	20	,	,	PUNCT
ftr-365	633	21	the	the	DET
ftr-365	633	22	bank	bank	NOUN
ftr-365	633	23	may	may	AUX
ftr-365	633	24	deduct	deduct	VERB
ftr-365	633	25	the	the	DET
ftr-365	633	26	payment	payment	NOUN
ftr-365	633	27	of	of	ADP
ftr-365	633	28	the	the	DET
ftr-365	633	29	dividend	dividend	NOUN
ftr-365	633	30	equivalent	equivalent	ADJ
ftr-365	633	31	amount	amount	NOUN
ftr-365	633	32	as	as	ADP
ftr-365	633	33	business	business	NOUN
ftr-365	633	34	expenses	expense	NOUN
ftr-365	633	35	,	,	PUNCT
ftr-365	633	36	and	and	CCONJ
ftr-365	633	37	thus	thus	ADV
ftr-365	633	38	the	the	DET
ftr-365	633	39	net	net	ADJ
ftr-365	633	40	income	income	NOUN
ftr-365	633	41	to	to	ADP
ftr-365	633	42	the	the	DET
ftr-365	633	43	bank	bank	NOUN
ftr-365	633	44	is	be	AUX
ftr-365	633	45	zero	zero	NUM
ftr-365	633	46	.	.	PUNCT
ftr-365	634	1	at	at	ADP
ftr-365	634	2	the	the	DET
ftr-365	634	3	end	end	NOUN
ftr-365	634	4	of	of	ADP
ftr-365	634	5	the	the	DET
ftr-365	634	6	contract	contract	NOUN
ftr-365	634	7	,	,	PUNCT
ftr-365	634	8	the	the	DET
ftr-365	634	9	bank	bank	NOUN
ftr-365	634	10	will	will	AUX
ftr-365	634	11	return	return	VERB
ftr-365	634	12	the	the	DET
ftr-365	634	13	initial	initial	ADJ
ftr-365	634	14	investment	investment	NOUN
ftr-365	634	15	,	,	PUNCT
ftr-365	634	16	adjusted	adjust	VERB
ftr-365	634	17	for	for	ADP
ftr-365	634	18	changes	change	NOUN
ftr-365	634	19	in	in	ADP
ftr-365	634	20	the	the	DET
ftr-365	634	21	price	price	NOUN
ftr-365	634	22	of	of	ADP
ftr-365	634	23	the	the	DET
ftr-365	634	24	shares	share	NOUN
ftr-365	634	25	of	of	ADP
ftr-365	634	26	the	the	DET
ftr-365	634	27	u.s	u.s	PROPN
ftr-365	634	28	.	.	PROPN
ftr-365	634	29	corporation	corporation	NOUN
ftr-365	634	30	.	.	PUNCT
ftr-365	635	1	147	147	NUM
ftr-365	635	2	as	as	ADP
ftr-365	635	3	a	a	DET
ftr-365	635	4	result	result	NOUN
ftr-365	635	5	,	,	PUNCT
ftr-365	635	6	even	even	ADV
ftr-365	635	7	though	though	SCONJ
ftr-365	635	8	there	there	PRON
ftr-365	635	9	is	be	VERB
ftr-365	635	10	no	no	DET
ftr-365	635	11	formal	formal	ADJ
ftr-365	635	12	exemption	exemption	NOUN
ftr-365	635	13	for	for	ADP
ftr-365	635	14	dividends	dividend	NOUN
ftr-365	635	15	paid	pay	VERB
ftr-365	635	16	by	by	ADP
ftr-365	635	17	u.s	u.s	PROPN
ftr-365	635	18	.	.	PROPN
ftr-365	635	19	corporations	corporation	NOUN
ftr-365	635	20	to	to	ADP
ftr-365	635	21	foreign	foreign	ADJ
ftr-365	635	22	investors	investor	NOUN
ftr-365	635	23	,	,	PUNCT
ftr-365	635	24	such	such	ADJ
ftr-365	635	25	payments	payment	NOUN
ftr-365	635	26	are	be	AUX
ftr-365	635	27	rarely	rarely	ADV
ftr-365	635	28	taxed	tax	VERB
ftr-365	635	29	in	in	ADP
ftr-365	635	30	the	the	DET
ftr-365	635	31	u.s	u.s	PROPN
ftr-365	635	32	.	.	PROPN
ftr-365	635	33	in	in	ADP
ftr-365	635	34	my	my	PRON
ftr-365	635	35	view	view	NOUN
ftr-365	635	36	,	,	PUNCT
ftr-365	635	37	there	there	PRON
ftr-365	635	38	is	be	VERB
ftr-365	635	39	no	no	DET
ftr-365	635	40	reason	reason	NOUN
ftr-365	635	41	to	to	PART
ftr-365	635	42	distinguish	distinguish	VERB
ftr-365	635	43	between	between	ADP
ftr-365	635	44	portfolio	portfolio	NOUN
ftr-365	635	45	interest	interest	NOUN
ftr-365	635	46	and	and	CCONJ
ftr-365	635	47	dividend	dividend	NOUN
ftr-365	635	48	–	–	PUNCT
ftr-365	635	49	both	both	PRON
ftr-365	635	50	should	should	AUX
ftr-365	635	51	be	be	AUX
ftr-365	635	52	exempt	exempt	ADJ
ftr-365	635	53	if	if	SCONJ
ftr-365	635	54	the	the	DET
ftr-365	635	55	above	above	ADJ
ftr-365	635	56	conditions	condition	NOUN
ftr-365	635	57	for	for	ADP
ftr-365	635	58	portfolio	portfolio	NOUN
ftr-365	635	59	holding	holding	NOUN
ftr-365	635	60	are	be	AUX
ftr-365	635	61	met	meet	VERB
ftr-365	635	62	.	.	PUNCT
ftr-365	636	1	148	148	NUM
ftr-365	636	2	according	accord	VERB
ftr-365	636	3	to	to	ADP
ftr-365	636	4	reich	reich	PROPN
ftr-365	636	5	(	(	PUNCT
ftr-365	636	6	1998	1998	NUM
ftr-365	636	7	)	)	PUNCT
ftr-365	636	8	,	,	PUNCT
ftr-365	636	9	there	there	PRON
ftr-365	636	10	are	be	VERB
ftr-365	636	11	two	two	NUM
ftr-365	636	12	main	main	ADJ
ftr-365	636	13	reasons	reason	NOUN
ftr-365	636	14	for	for	ADP
ftr-365	636	15	enacting	enact	VERB
ftr-365	636	16	portfolio	portfolio	NOUN
ftr-365	636	17	dividend	dividend	NOUN
ftr-365	636	18	exemption	exemption	NOUN
ftr-365	636	19	in	in	ADP
ftr-365	636	20	the	the	DET
ftr-365	636	21	united	united	PROPN
ftr-365	636	22	states	states	PROPN
ftr-365	636	23	:	:	PUNCT
ftr-365	636	24	a	a	DET
ftr-365	636	25	portfolio	portfolio	NOUN
ftr-365	636	26	dividends	dividend	NOUN
ftr-365	636	27	exemption	exemption	NOUN
ftr-365	636	28	would	would	AUX
ftr-365	636	29	align	align	VERB
ftr-365	636	30	the	the	DET
ftr-365	636	31	u.s	u.s	PROPN
ftr-365	636	32	.	.	PROPN
ftr-365	636	33	tax	tax	NOUN
ftr-365	636	34	treatment	treatment	NOUN
ftr-365	636	35	of	of	ADP
ftr-365	636	36	dividend	dividend	NOUN
ftr-365	636	37	income	income	NOUN
ftr-365	636	38	of	of	ADP
ftr-365	636	39	portfolio	portfolio	NOUN
ftr-365	636	40	investors	investor	NOUN
ftr-365	636	41	with	with	ADP
ftr-365	636	42	the	the	DET
ftr-365	636	43	exemption	exemption	NOUN
ftr-365	636	44	that	that	PRON
ftr-365	636	45	applies	apply	VERB
ftr-365	636	46	to	to	ADP
ftr-365	636	47	all	all	DET
ftr-365	636	48	other	other	ADJ
ftr-365	636	49	portfolio	portfolio	NOUN
ftr-365	636	50	investment	investment	NOUN
ftr-365	636	51	income	income	NOUN
ftr-365	636	52	from	from	ADP
ftr-365	636	53	stocks	stock	NOUN
ftr-365	636	54	,	,	PUNCT
ftr-365	636	55	securities	security	NOUN
ftr-365	636	56	,	,	PUNCT
ftr-365	636	57	and	and	CCONJ
ftr-365	636	58	related	related	ADJ
ftr-365	636	59	derivatives	derivative	NOUN
ftr-365	636	60	,	,	PUNCT
ftr-365	636	61	thereby	thereby	ADV
ftr-365	636	62	further	far	ADV
ftr-365	636	63	fostering	foster	VERB
ftr-365	636	64	the	the	DET
ftr-365	636	65	open	open	ADJ
ftr-365	636	66	capital	capital	NOUN
ftr-365	636	67	markets	market	NOUN
ftr-365	636	68	that	that	PRON
ftr-365	636	69	are	be	AUX
ftr-365	636	70	a	a	DET
ftr-365	636	71	featured	feature	VERB
ftr-365	636	72	and	and	CCONJ
ftr-365	636	73	hallowed	hallowed	ADJ
ftr-365	636	74	goal	goal	NOUN
ftr-365	636	75	of	of	ADP
ftr-365	636	76	u.s	u.s	PROPN
ftr-365	636	77	.	.	PROPN
ftr-365	636	78	international	international	ADJ
ftr-365	636	79	economic	economic	ADJ
ftr-365	636	80	policy	policy	NOUN
ftr-365	636	81	.	.	PUNCT
ftr-365	636	82	.	.	PUNCT
ftr-365	636	83	.	.	PUNCT
ftr-365	636	84	.	.	PUNCT
ftr-365	637	1	a	a	DET
ftr-365	637	2	portfolio	portfolio	NOUN
ftr-365	637	3	dividends	dividend	NOUN
ftr-365	637	4	exemption	exemption	NOUN
ftr-365	637	5	also	also	ADV
ftr-365	637	6	would	would	AUX
ftr-365	637	7	resolve	resolve	VERB
ftr-365	637	8	the	the	DET
ftr-365	637	9	problem	problem	NOUN
ftr-365	637	10	of	of	ADP
ftr-365	637	11	how	how	SCONJ
ftr-365	637	12	to	to	PART
ftr-365	637	13	deal	deal	VERB
ftr-365	637	14	with	with	ADP
ftr-365	637	15	the	the	DET
ftr-365	637	16	disparity	disparity	NOUN
ftr-365	637	17	in	in	ADP
ftr-365	637	18	treatment	treatment	NOUN
ftr-365	637	19	between	between	ADP
ftr-365	637	20	dividends	dividend	NOUN
ftr-365	637	21	and	and	CCONJ
ftr-365	637	22	returns	return	NOUN
ftr-365	637	23	on	on	ADP
ftr-365	637	24	derivatives	derivative	NOUN
ftr-365	637	25	-	-	PUNCT
ftr-365	637	26	based	base	VERB
ftr-365	637	27	investments	investment	NOUN
ftr-365	637	28	in	in	ADP
ftr-365	637	29	u.s	u.s	PROPN
ftr-365	637	30	.	.	PROPN
ftr-365	637	31	stocks	stock	NOUN
ftr-365	637	32	.	.	PUNCT
ftr-365	638	1	149	149	NUM
ftr-365	638	2	the	the	DET
ftr-365	638	3	same	same	ADJ
ftr-365	638	4	arguments	argument	NOUN
ftr-365	638	5	could	could	AUX
ftr-365	638	6	be	be	AUX
ftr-365	638	7	made	make	VERB
ftr-365	638	8	in	in	ADP
ftr-365	638	9	the	the	DET
ftr-365	638	10	case	case	NOUN
ftr-365	638	11	of	of	ADP
ftr-365	638	12	developing	develop	VERB
ftr-365	638	13	countries	country	NOUN
ftr-365	638	14	.	.	PUNCT
ftr-365	639	1	thus	thus	ADV
ftr-365	639	2	,	,	PUNCT
ftr-365	639	3	my	my	PRON
ftr-365	639	4	suggestion	suggestion	NOUN
ftr-365	639	5	to	to	ADP
ftr-365	639	6	country	country	NOUN
ftr-365	639	7	d	d	NOUN
ftr-365	639	8	would	would	AUX
ftr-365	639	9	be	be	AUX
ftr-365	639	10	to	to	PART
ftr-365	639	11	have	have	VERB
ftr-365	639	12	the	the	DET
ftr-365	639	13	same	same	ADJ
ftr-365	639	14	exemption	exemption	NOUN
ftr-365	639	15	for	for	ADP
ftr-365	639	16	interest	interest	NOUN
ftr-365	639	17	and	and	CCONJ
ftr-365	639	18	dividends	dividend	NOUN
ftr-365	639	19	earned	earn	VERB
ftr-365	639	20	by	by	ADP
ftr-365	639	21	non	non	NOUN
ftr-365	639	22	-	-	NOUN
ftr-365	639	23	residents	resident	NOUN
ftr-365	639	24	,	,	PUNCT
ftr-365	639	25	as	as	ADV
ftr-365	639	26	long	long	ADV
ftr-365	639	27	as	as	SCONJ
ftr-365	639	28	it	it	PRON
ftr-365	639	29	satisfies	satisfy	VERB
ftr-365	639	30	the	the	DET
ftr-365	639	31	portfolio	portfolio	NOUN
ftr-365	639	32	investment	investment	NOUN
ftr-365	639	33	standard	standard	NOUN
ftr-365	639	34	.	.	PUNCT
ftr-365	640	1	similarly	similarly	ADV
ftr-365	640	2	,	,	PUNCT
ftr-365	640	3	tax	tax	NOUN
ftr-365	640	4	treaties	treaty	NOUN
ftr-365	640	5	should	should	AUX
ftr-365	640	6	not	not	PART
ftr-365	640	7	have	have	VERB
ftr-365	640	8	different	different	ADJ
ftr-365	640	9	rates	rate	NOUN
ftr-365	640	10	for	for	ADP
ftr-365	640	11	interest	interest	NOUN
ftr-365	640	12	and	and	CCONJ
ftr-365	640	13	dividend	dividend	NOUN
ftr-365	640	14	income	income	NOUN
ftr-365	640	15	.	.	PUNCT
ftr-365	641	1	150	150	NUM
ftr-365	641	2	147	147	NUM
ftr-365	641	3	.	.	PUNCT
ftr-365	642	1	i	i	PRON
ftr-365	642	2	d.	d.	PROPN
ftr-365	642	3	148	148	NUM
ftr-365	642	4	.	.	PUNCT
ftr-365	643	1	see	see	VERB
ftr-365	643	2	reich	reich	PROPN
ftr-365	643	3	,	,	PUNCT
ftr-365	643	4	supra	supra	PROPN
ftr-365	643	5	note	note	PROPN
ftr-365	643	6	11	11	NUM
ftr-365	643	7	(	(	PUNCT
ftr-365	643	8	elaborating	elaborate	VERB
ftr-365	643	9	that	that	SCONJ
ftr-365	643	10	“	"	PUNCT
ftr-365	643	11	the	the	DET
ftr-365	643	12	withholding	withholding	NOUN
ftr-365	643	13	tax	tax	NOUN
ftr-365	643	14	on	on	ADP
ftr-365	643	15	dividends	dividend	NOUN
ftr-365	643	16	paid	pay	VERB
ftr-365	643	17	to	to	ADP
ftr-365	643	18	foreign	foreign	ADJ
ftr-365	643	19	investors	investor	NOUN
ftr-365	643	20	may	may	AUX
ftr-365	643	21	serve	serve	VERB
ftr-365	643	22	as	as	ADP
ftr-365	643	23	a	a	DET
ftr-365	643	24	significant	significant	ADJ
ftr-365	643	25	barrier	barrier	NOUN
ftr-365	643	26	to	to	ADP
ftr-365	643	27	certain	certain	ADJ
ftr-365	643	28	types	type	NOUN
ftr-365	643	29	of	of	ADP
ftr-365	643	30	investments	investment	NOUN
ftr-365	643	31	by	by	ADP
ftr-365	643	32	foreign	foreign	ADJ
ftr-365	643	33	investors	investor	NOUN
ftr-365	643	34	in	in	ADP
ftr-365	643	35	u.s	u.s	PROPN
ftr-365	643	36	.	.	PROPN
ftr-365	643	37	equities	equity	NOUN
ftr-365	643	38	.	.	PUNCT
ftr-365	643	39	”	"	PUNCT
ftr-365	643	40	)	)	PUNCT
ftr-365	643	41	.	.	PUNCT
ftr-365	644	1	149	149	NUM
ftr-365	644	2	.	.	PUNCT
ftr-365	645	1	i	i	PRON
ftr-365	645	2	d.	d.	PROPN
ftr-365	645	3	150	150	NUM
ftr-365	645	4	.	.	PUNCT
ftr-365	646	1	see	see	VERB
ftr-365	646	2	generally	generally	ADV
ftr-365	646	3	,	,	PUNCT
ftr-365	646	4	merrill	merrill	PROPN
ftr-365	646	5	et	et	PROPN
ftr-365	646	6	.	.	PUNCT
ftr-365	647	1	al	al	PROPN
ftr-365	647	2	.	.	PROPN
ftr-365	647	3	,	,	PUNCT
ftr-365	647	4	supra	supra	PROPN
ftr-365	647	5	note	note	NOUN
ftr-365	647	6	30	30	NUM
ftr-365	647	7	,	,	PUNCT
ftr-365	647	8	at	at	ADP
ftr-365	647	9	1389	1389	NUM
ftr-365	647	10	.	.	PUNCT
ftr-365	648	1	2008	2008	NUM
ftr-365	648	2	]	]	PUNCT
ftr-365	649	1	the	the	DET
ftr-365	649	2	case	case	NOUN
ftr-365	649	3	for	for	ADP
ftr-365	649	4	residency	residency	NOUN
ftr-365	649	5	-	-	PUNCT
ftr-365	649	6	based	base	VERB
ftr-365	649	7	taxation	taxation	NOUN
ftr-365	649	8	29	29	NUM
ftr-365	649	9	4	4	NUM
ftr-365	649	10	.	.	PUNCT
ftr-365	649	11	capital	capital	NOUN
ftr-365	649	12	gains	gain	NOUN
ftr-365	649	13	in	in	ADP
ftr-365	649	14	the	the	DET
ftr-365	649	15	united	united	PROPN
ftr-365	649	16	states	states	PROPN
ftr-365	649	17	,	,	PUNCT
ftr-365	649	18	as	as	ADV
ftr-365	649	19	well	well	ADV
ftr-365	649	20	as	as	ADP
ftr-365	649	21	many	many	ADJ
ftr-365	649	22	other	other	ADJ
ftr-365	649	23	countries	country	NOUN
ftr-365	649	24	,	,	PUNCT
ftr-365	649	25	the	the	DET
ftr-365	649	26	source	source	NOUN
ftr-365	649	27	of	of	ADP
ftr-365	649	28	capital	capital	NOUN
ftr-365	649	29	gains	gain	NOUN
ftr-365	649	30	(	(	PUNCT
ftr-365	649	31	other	other	ADJ
ftr-365	649	32	than	than	ADP
ftr-365	649	33	gain	gain	NOUN
ftr-365	649	34	from	from	ADP
ftr-365	649	35	sale	sale	NOUN
ftr-365	649	36	of	of	ADP
ftr-365	649	37	inventory	inventory	NOUN
ftr-365	649	38	)	)	PUNCT
ftr-365	649	39	is	be	AUX
ftr-365	649	40	the	the	DET
ftr-365	649	41	residency	residency	NOUN
ftr-365	649	42	of	of	ADP
ftr-365	649	43	the	the	DET
ftr-365	649	44	seller	seller	NOUN
ftr-365	649	45	(	(	PUNCT
ftr-365	649	46	i.e.	i.e.	X
ftr-365	649	47	,	,	PUNCT
ftr-365	649	48	formal	formal	ADJ
ftr-365	649	49	rule	rule	NOUN
ftr-365	649	50	)	)	PUNCT
ftr-365	649	51	.	.	PUNCT
ftr-365	650	1	151	151	NUM
ftr-365	650	2	the	the	DET
ftr-365	650	3	source	source	NOUN
ftr-365	650	4	of	of	ADP
ftr-365	650	5	capital	capital	NOUN
ftr-365	650	6	gain	gain	NOUN
ftr-365	650	7	on	on	ADP
ftr-365	650	8	sale	sale	NOUN
ftr-365	650	9	of	of	ADP
ftr-365	650	10	real	real	ADJ
ftr-365	650	11	estate	estate	NOUN
ftr-365	650	12	is	be	AUX
ftr-365	650	13	the	the	DET
ftr-365	650	14	place	place	NOUN
ftr-365	650	15	of	of	ADP
ftr-365	650	16	the	the	DET
ftr-365	650	17	real	real	ADJ
ftr-365	650	18	estate	estate	NOUN
ftr-365	650	19	(	(	PUNCT
ftr-365	650	20	economic	economic	ADJ
ftr-365	650	21	rule	rule	NOUN
ftr-365	650	22	)	)	PUNCT
ftr-365	650	23	.	.	PUNCT
ftr-365	651	1	152	152	NUM
ftr-365	651	2	thus	thus	ADV
ftr-365	651	3	,	,	PUNCT
ftr-365	651	4	capital	capital	NOUN
ftr-365	651	5	gain	gain	NOUN
ftr-365	651	6	on	on	ADP
ftr-365	651	7	the	the	DET
ftr-365	651	8	sale	sale	NOUN
ftr-365	651	9	of	of	ADP
ftr-365	651	10	shares	share	NOUN
ftr-365	651	11	in	in	ADP
ftr-365	651	12	a	a	DET
ftr-365	651	13	u.s	u.s	PROPN
ftr-365	651	14	.	.	PROPN
ftr-365	651	15	corporation	corporation	NOUN
ftr-365	651	16	by	by	ADP
ftr-365	651	17	a	a	DET
ftr-365	651	18	foreign	foreign	ADJ
ftr-365	651	19	shareholder	shareholder	NOUN
ftr-365	651	20	or	or	CCONJ
ftr-365	651	21	sales	sale	NOUN
ftr-365	651	22	of	of	ADP
ftr-365	651	23	other	other	ADJ
ftr-365	651	24	securities	security	NOUN
ftr-365	651	25	(	(	PUNCT
ftr-365	651	26	including	include	VERB
ftr-365	651	27	derivatives	derivative	NOUN
ftr-365	651	28	)	)	PUNCT
ftr-365	651	29	is	be	AUX
ftr-365	651	30	generally	generally	ADV
ftr-365	651	31	not	not	PART
ftr-365	651	32	u.s	u.s	PROPN
ftr-365	651	33	.	.	PROPN
ftr-365	651	34	source	source	NOUN
ftr-365	651	35	income	income	NOUN
ftr-365	651	36	.	.	PUNCT
ftr-365	652	1	153	153	NUM
ftr-365	652	2	nevertheless	nevertheless	ADV
ftr-365	652	3	,	,	PUNCT
ftr-365	652	4	this	this	DET
ftr-365	652	5	rule	rule	NOUN
ftr-365	652	6	creates	create	VERB
ftr-365	652	7	a	a	DET
ftr-365	652	8	potential	potential	ADJ
ftr-365	652	9	unwarranted	unwarranted	ADJ
ftr-365	652	10	inconsistency	inconsistency	NOUN
ftr-365	652	11	between	between	ADP
ftr-365	652	12	capital	capital	NOUN
ftr-365	652	13	gains	gain	NOUN
ftr-365	652	14	on	on	ADP
ftr-365	652	15	sale	sale	NOUN
ftr-365	652	16	of	of	ADP
ftr-365	652	17	stock	stock	NOUN
ftr-365	652	18	and	and	CCONJ
ftr-365	652	19	dividends	dividend	NOUN
ftr-365	652	20	payable	payable	ADJ
ftr-365	652	21	on	on	ADP
ftr-365	652	22	the	the	DET
ftr-365	652	23	same	same	ADJ
ftr-365	652	24	stock	stock	NOUN
ftr-365	652	25	,	,	PUNCT
ftr-365	652	26	because	because	SCONJ
ftr-365	652	27	the	the	DET
ftr-365	652	28	amount	amount	NOUN
ftr-365	652	29	of	of	ADP
ftr-365	652	30	gain	gain	NOUN
ftr-365	652	31	from	from	ADP
ftr-365	652	32	a	a	DET
ftr-365	652	33	sale	sale	NOUN
ftr-365	652	34	of	of	ADP
ftr-365	652	35	stock	stock	NOUN
ftr-365	652	36	should	should	AUX
ftr-365	652	37	essentially	essentially	ADV
ftr-365	652	38	equal	equal	VERB
ftr-365	652	39	the	the	DET
ftr-365	652	40	corporation	corporation	NOUN
ftr-365	652	41	’s	’s	PART
ftr-365	652	42	current	current	ADJ
ftr-365	652	43	accumulated	accumulate	VERB
ftr-365	652	44	earnings	earning	NOUN
ftr-365	652	45	plus	plus	CCONJ
ftr-365	652	46	the	the	DET
ftr-365	652	47	present	present	ADJ
ftr-365	652	48	value	value	NOUN
ftr-365	652	49	of	of	ADP
ftr-365	652	50	its	its	PRON
ftr-365	652	51	future	future	ADJ
ftr-365	652	52	earningsboth	earningsboth	NOUN
ftr-365	652	53	represent	represent	VERB
ftr-365	652	54	earnings	earning	NOUN
ftr-365	652	55	that	that	PRON
ftr-365	652	56	if	if	SCONJ
ftr-365	652	57	distributed	distribute	VERB
ftr-365	652	58	,	,	PUNCT
ftr-365	652	59	would	would	AUX
ftr-365	652	60	give	give	VERB
ftr-365	652	61	rise	rise	NOUN
ftr-365	652	62	to	to	ADP
ftr-365	652	63	dividend	dividend	NOUN
ftr-365	652	64	income	income	NOUN
ftr-365	652	65	sourced	source	VERB
ftr-365	652	66	according	accord	VERB
ftr-365	652	67	to	to	ADP
ftr-365	652	68	the	the	DET
ftr-365	652	69	residency	residency	NOUN
ftr-365	652	70	of	of	ADP
ftr-365	652	71	the	the	DET
ftr-365	652	72	payor	payor	NOUN
ftr-365	652	73	.	.	PUNCT
ftr-365	653	1	thus	thus	ADV
ftr-365	653	2	,	,	PUNCT
ftr-365	653	3	if	if	SCONJ
ftr-365	653	4	a	a	DET
ftr-365	653	5	u.s	u.s	PROPN
ftr-365	653	6	.	.	PROPN
ftr-365	653	7	corporation	corporation	NOUN
ftr-365	653	8	distributes	distribute	VERB
ftr-365	653	9	a	a	DET
ftr-365	653	10	dividend	dividend	NOUN
ftr-365	653	11	to	to	ADP
ftr-365	653	12	its	its	PRON
ftr-365	653	13	foreign	foreign	ADJ
ftr-365	653	14	shareholder	shareholder	NOUN
ftr-365	653	15	,	,	PUNCT
ftr-365	653	16	the	the	DET
ftr-365	653	17	income	income	NOUN
ftr-365	653	18	is	be	AUX
ftr-365	653	19	u.s	u.s	PROPN
ftr-365	653	20	.	.	PROPN
ftr-365	653	21	source	source	NOUN
ftr-365	653	22	income	income	NOUN
ftr-365	653	23	.	.	PUNCT
ftr-365	654	1	nevertheless	nevertheless	ADV
ftr-365	654	2	,	,	PUNCT
ftr-365	654	3	if	if	SCONJ
ftr-365	654	4	the	the	DET
ftr-365	654	5	corporation	corporation	NOUN
ftr-365	654	6	never	never	ADV
ftr-365	654	7	distributes	distribute	VERB
ftr-365	654	8	dividends	dividend	NOUN
ftr-365	654	9	and	and	CCONJ
ftr-365	654	10	the	the	DET
ftr-365	654	11	shareholder	shareholder	NOUN
ftr-365	654	12	sells	sell	VERB
ftr-365	654	13	the	the	DET
ftr-365	654	14	shares	share	NOUN
ftr-365	654	15	for	for	ADP
ftr-365	654	16	a	a	DET
ftr-365	654	17	gain	gain	NOUN
ftr-365	654	18	,	,	PUNCT
ftr-365	654	19	it	it	PRON
ftr-365	654	20	is	be	AUX
ftr-365	654	21	foreign	foreign	ADJ
ftr-365	654	22	source	source	NOUN
ftr-365	654	23	income	income	NOUN
ftr-365	654	24	even	even	ADV
ftr-365	654	25	though	though	SCONJ
ftr-365	654	26	the	the	DET
ftr-365	654	27	gain	gain	NOUN
ftr-365	654	28	represents	represent	VERB
ftr-365	654	29	the	the	DET
ftr-365	654	30	same	same	ADJ
ftr-365	654	31	value	value	NOUN
ftr-365	654	32	that	that	PRON
ftr-365	654	33	would	would	AUX
ftr-365	654	34	have	have	AUX
ftr-365	654	35	been	be	AUX
ftr-365	654	36	received	receive	VERB
ftr-365	654	37	as	as	ADP
ftr-365	654	38	dividends	dividend	NOUN
ftr-365	654	39	.	.	PUNCT
ftr-365	655	1	thus	thus	ADV
ftr-365	655	2	,	,	PUNCT
ftr-365	655	3	in	in	ADP
ftr-365	655	4	my	my	PRON
ftr-365	655	5	view	view	NOUN
ftr-365	655	6	,	,	PUNCT
ftr-365	655	7	foreign	foreign	ADJ
ftr-365	655	8	holders	holder	NOUN
ftr-365	655	9	should	should	AUX
ftr-365	655	10	be	be	AUX
ftr-365	655	11	taxed	tax	VERB
ftr-365	655	12	similarly	similarly	ADV
ftr-365	655	13	whether	whether	SCONJ
ftr-365	655	14	the	the	DET
ftr-365	655	15	domestic	domestic	ADJ
ftr-365	655	16	corporation	corporation	NOUN
ftr-365	655	17	pays	pay	VERB
ftr-365	655	18	dividends	dividend	NOUN
ftr-365	655	19	or	or	CCONJ
ftr-365	655	20	not	not	PART
ftr-365	655	21	,	,	PUNCT
ftr-365	655	22	and	and	CCONJ
ftr-365	655	23	this	this	PRON
ftr-365	655	24	could	could	AUX
ftr-365	655	25	be	be	AUX
ftr-365	655	26	achieved	achieve	VERB
ftr-365	655	27	,	,	PUNCT
ftr-365	655	28	again	again	ADV
ftr-365	655	29	,	,	PUNCT
ftr-365	655	30	by	by	ADP
ftr-365	655	31	exempting	exempt	VERB
ftr-365	655	32	dividends	dividend	NOUN
ftr-365	655	33	from	from	ADP
ftr-365	655	34	the	the	DET
ftr-365	655	35	source	source	NOUN
ftr-365	655	36	country	country	NOUN
ftr-365	655	37	’s	’s	PART
ftr-365	655	38	tax	tax	NOUN
ftr-365	655	39	.	.	PUNCT
ftr-365	656	1	5	5	X
ftr-365	656	2	.	.	X
ftr-365	656	3	the	the	DET
ftr-365	656	4	“	"	PUNCT
ftr-365	656	5	race	race	NOUN
ftr-365	656	6	to	to	ADP
ftr-365	656	7	the	the	DET
ftr-365	656	8	bottom	bottom	NOUN
ftr-365	656	9	”	"	PUNCT
ftr-365	656	10	the	the	DET
ftr-365	656	11	result	result	NOUN
ftr-365	656	12	of	of	ADP
ftr-365	656	13	the	the	DET
ftr-365	656	14	united	united	PROPN
ftr-365	656	15	states	states	PROPN
ftr-365	656	16	’	'	PUNCT
ftr-365	656	17	enactment	enactment	NOUN
ftr-365	656	18	of	of	ADP
ftr-365	656	19	the	the	DET
ftr-365	656	20	portfolio	portfolio	NOUN
ftr-365	656	21	interest	interest	NOUN
ftr-365	656	22	exemption	exemption	NOUN
ftr-365	656	23	in	in	ADP
ftr-365	656	24	1984	1984	NUM
ftr-365	656	25	has	have	AUX
ftr-365	656	26	been	be	AUX
ftr-365	656	27	a	a	DET
ftr-365	656	28	classic	classic	ADJ
ftr-365	656	29	“	"	PUNCT
ftr-365	656	30	race	race	NOUN
ftr-365	656	31	to	to	ADP
ftr-365	656	32	the	the	DET
ftr-365	656	33	bottom	bottom	NOUN
ftr-365	656	34	”	"	PUNCT
ftr-365	656	35	because	because	SCONJ
ftr-365	656	36	many	many	ADJ
ftr-365	656	37	other	other	ADJ
ftr-365	656	38	countries	country	NOUN
ftr-365	656	39	have	have	AUX
ftr-365	656	40	followed	follow	VERB
ftr-365	656	41	the	the	DET
ftr-365	656	42	united	united	PROPN
ftr-365	656	43	states	states	PROPN
ftr-365	656	44	and	and	CCONJ
ftr-365	656	45	abolished	abolish	VERB
ftr-365	656	46	their	their	PRON
ftr-365	656	47	withholding	withholding	NOUN
ftr-365	656	48	tax	tax	NOUN
ftr-365	656	49	on	on	ADP
ftr-365	656	50	interest	interest	NOUN
ftr-365	656	51	for	for	ADP
ftr-365	656	52	fear	fear	NOUN
ftr-365	656	53	of	of	ADP
ftr-365	656	54	losing	lose	VERB
ftr-365	656	55	mobile	mobile	ADJ
ftr-365	656	56	capital	capital	NOUN
ftr-365	656	57	flows	flow	NOUN
ftr-365	656	58	to	to	ADP
ftr-365	656	59	the	the	DET
ftr-365	656	60	united	united	PROPN
ftr-365	656	61	states	states	PROPN
ftr-365	656	62	.	.	PUNCT
ftr-365	657	1	154	154	NUM
ftr-365	657	2	151	151	NUM
ftr-365	657	3	.	.	PUNCT
ftr-365	658	1	irc	irc	PROPN
ftr-365	658	2	§	§	PROPN
ftr-365	658	3	865(a	865(a	PROPN
ftr-365	658	4	)	)	PUNCT
ftr-365	658	5	.	.	PUNCT
ftr-365	659	1	in	in	ADP
ftr-365	659	2	the	the	DET
ftr-365	659	3	case	case	NOUN
ftr-365	659	4	of	of	ADP
ftr-365	659	5	sales	sale	NOUN
ftr-365	659	6	of	of	ADP
ftr-365	659	7	inventory	inventory	NOUN
ftr-365	659	8	,	,	PUNCT
ftr-365	659	9	there	there	PRON
ftr-365	659	10	is	be	VERB
ftr-365	659	11	a	a	DET
ftr-365	659	12	split	split	NOUN
ftr-365	659	13	between	between	ADP
ftr-365	659	14	formal	formal	ADJ
ftr-365	659	15	and	and	CCONJ
ftr-365	659	16	economic	economic	ADJ
ftr-365	659	17	rules	rule	NOUN
ftr-365	659	18	.	.	PUNCT
ftr-365	660	1	for	for	ADP
ftr-365	660	2	purchased	purchase	VERB
ftr-365	660	3	inventory	inventory	NOUN
ftr-365	660	4	,	,	PUNCT
ftr-365	660	5	the	the	DET
ftr-365	660	6	source	source	NOUN
ftr-365	660	7	of	of	ADP
ftr-365	660	8	income	income	NOUN
ftr-365	660	9	is	be	AUX
ftr-365	660	10	the	the	DET
ftr-365	660	11	place	place	NOUN
ftr-365	660	12	of	of	ADP
ftr-365	660	13	passage	passage	NOUN
ftr-365	660	14	of	of	ADP
ftr-365	660	15	title	title	NOUN
ftr-365	660	16	.	.	PUNCT
ftr-365	661	1	for	for	ADP
ftr-365	661	2	income	income	NOUN
ftr-365	661	3	from	from	ADP
ftr-365	661	4	produced	produce	VERB
ftr-365	661	5	inventory	inventory	NOUN
ftr-365	661	6	,	,	PUNCT
ftr-365	661	7	50	50	NUM
ftr-365	661	8	%	%	NOUN
ftr-365	661	9	of	of	ADP
ftr-365	661	10	the	the	DET
ftr-365	661	11	income	income	NOUN
ftr-365	661	12	is	be	AUX
ftr-365	661	13	sourced	source	VERB
ftr-365	661	14	in	in	ADP
ftr-365	661	15	accordance	accordance	NOUN
ftr-365	661	16	with	with	ADP
ftr-365	661	17	the	the	DET
ftr-365	661	18	place	place	NOUN
ftr-365	661	19	of	of	ADP
ftr-365	661	20	production	production	NOUN
ftr-365	661	21	and	and	CCONJ
ftr-365	661	22	50	50	NUM
ftr-365	661	23	%	%	NOUN
ftr-365	661	24	in	in	ADP
ftr-365	661	25	accordance	accordance	NOUN
ftr-365	661	26	with	with	ADP
ftr-365	661	27	the	the	DET
ftr-365	661	28	place	place	NOUN
ftr-365	661	29	of	of	ADP
ftr-365	661	30	sale	sale	NOUN
ftr-365	661	31	.	.	PUNCT
ftr-365	662	1	for	for	ADP
ftr-365	662	2	intangibles	intangible	NOUN
ftr-365	662	3	,	,	PUNCT
ftr-365	662	4	the	the	DET
ftr-365	662	5	source	source	NOUN
ftr-365	662	6	of	of	ADP
ftr-365	662	7	income	income	NOUN
ftr-365	662	8	is	be	AUX
ftr-365	662	9	the	the	DET
ftr-365	662	10	place	place	NOUN
ftr-365	662	11	of	of	ADP
ftr-365	662	12	passage	passage	NOUN
ftr-365	662	13	of	of	ADP
ftr-365	662	14	title	title	NOUN
ftr-365	662	15	.	.	PUNCT
ftr-365	663	1	152	152	NUM
ftr-365	663	2	.	.	PUNCT
ftr-365	664	1	irc	irc	PROPN
ftr-365	664	2	§	§	PROPN
ftr-365	664	3	§	§	PROPN
ftr-365	664	4	861(a)(5	861(a)(5	NUM
ftr-365	664	5	)	)	PUNCT
ftr-365	664	6	and	and	CCONJ
ftr-365	664	7	862(a)(5	862(a)(5	NUM
ftr-365	664	8	)	)	PUNCT
ftr-365	664	9	.	.	PUNCT
ftr-365	665	1	153	153	NUM
ftr-365	665	2	.	.	PUNCT
ftr-365	666	1	see	see	PROPN
ftr-365	666	2	reich	reich	PROPN
ftr-365	666	3	,	,	PUNCT
ftr-365	666	4	supra	supra	PROPN
ftr-365	666	5	note	note	PROPN
ftr-365	666	6	11	11	NUM
ftr-365	666	7	(	(	PUNCT
ftr-365	666	8	“	"	PUNCT
ftr-365	666	9	non	non	ADJ
ftr-365	666	10	-	-	ADJ
ftr-365	666	11	eci	eci	PROPN
ftr-365	666	12	capital	capital	NOUN
ftr-365	666	13	gains	gain	NOUN
ftr-365	666	14	recognized	recognize	VERB
ftr-365	666	15	by	by	ADP
ftr-365	666	16	foreign	foreign	ADJ
ftr-365	666	17	investors	investor	NOUN
ftr-365	666	18	from	from	ADP
ftr-365	666	19	the	the	DET
ftr-365	666	20	sale	sale	NOUN
ftr-365	666	21	of	of	ADP
ftr-365	666	22	u.s	u.s	PROPN
ftr-365	666	23	.	.	PROPN
ftr-365	666	24	portfolio	portfolio	NOUN
ftr-365	666	25	securities	security	NOUN
ftr-365	666	26	(	(	PUNCT
ftr-365	666	27	including	include	VERB
ftr-365	666	28	gains	gain	NOUN
ftr-365	666	29	on	on	ADP
ftr-365	666	30	options	option	NOUN
ftr-365	666	31	,	,	PUNCT
ftr-365	666	32	futures	future	NOUN
ftr-365	666	33	,	,	PUNCT
ftr-365	666	34	and	and	CCONJ
ftr-365	666	35	forward	forward	ADJ
ftr-365	666	36	contracts	contract	NOUN
ftr-365	666	37	)	)	PUNCT
ftr-365	666	38	are	be	AUX
ftr-365	666	39	generally	generally	ADV
ftr-365	666	40	exempt	exempt	ADJ
ftr-365	666	41	from	from	ADP
ftr-365	666	42	u.s	u.s	PROPN
ftr-365	666	43	.	.	PROPN
ftr-365	666	44	income	income	NOUN
ftr-365	666	45	and	and	CCONJ
ftr-365	666	46	withholding	withholding	NOUN
ftr-365	666	47	tax	tax	NOUN
ftr-365	666	48	.	.	PUNCT
ftr-365	666	49	”	"	PUNCT
ftr-365	666	50	)	)	PUNCT
ftr-365	666	51	.	.	PUNCT
ftr-365	667	1	154	154	NUM
ftr-365	667	2	.	.	PUNCT
ftr-365	667	3	avi	avi	PROPN
ftr-365	667	4	-	-	PUNCT
ftr-365	667	5	yonah	yonah	NOUN
ftr-365	667	6	(	(	PUNCT
ftr-365	667	7	2000	2000	NUM
ftr-365	667	8	)	)	PUNCT
ftr-365	667	9	,	,	PUNCT
ftr-365	667	10	supra	supra	PROPN
ftr-365	667	11	note	note	NOUN
ftr-365	667	12	3	3	NUM
ftr-365	667	13	,	,	PUNCT
ftr-365	667	14	at	at	ADP
ftr-365	667	15	1581	1581	NUM
ftr-365	667	16	.	.	PUNCT
ftr-365	668	1	see	see	VERB
ftr-365	668	2	also	also	ADV
ftr-365	668	3	edwards	edwards	PROPN
ftr-365	668	4	&	&	CCONJ
ftr-365	668	5	de	de	X
ftr-365	668	6	rugy	rugy	PROPN
ftr-365	668	7	,	,	PUNCT
ftr-365	668	8	supra	supra	NOUN
ftr-365	668	9	note	note	NOUN
ftr-365	668	10	3	3	NUM
ftr-365	668	11	,	,	PUNCT
ftr-365	668	12	at	at	ADP
ftr-365	668	13	72	72	NUM
ftr-365	668	14	,	,	PUNCT
ftr-365	668	15	citing	cite	VERB
ftr-365	668	16	sven	sven	NOUN
ftr-365	668	17	-	-	PUNCT
ftr-365	668	18	olaf	olaf	PROPN
ftr-365	668	19	lodin	lodin	NOUN
ftr-365	668	20	,	,	PUNCT
ftr-365	668	21	“	"	PUNCT
ftr-365	668	22	international	international	ADJ
ftr-365	668	23	tax	tax	NOUN
ftr-365	668	24	issues	issue	NOUN
ftr-365	668	25	in	in	ADP
ftr-365	668	26	a	a	DET
ftr-365	668	27	rapidly	rapidly	ADV
ftr-365	668	28	changing	change	VERB
ftr-365	668	29	world	world	NOUN
ftr-365	668	30	,	,	PUNCT
ftr-365	668	31	”	"	PUNCT
ftr-365	668	32	international	international	ADJ
ftr-365	668	33	bureau	bureau	NOUN
ftr-365	668	34	of	of	ADP
ftr-365	668	35	fiscal	fiscal	ADJ
ftr-365	668	36	documentation	documentation	NOUN
ftr-365	668	37	bulletin	bulletin	NOUN
ftr-365	668	38	,	,	PUNCT
ftr-365	668	39	jan	jan	PROPN
ftr-365	668	40	.	.	PROPN
ftr-365	668	41	2001	2001	NUM
ftr-365	668	42	,	,	PUNCT
ftr-365	668	43	at	at	ADP
ftr-365	668	44	6	6	NUM
ftr-365	668	45	.	.	PUNCT
ftr-365	669	1	the	the	DET
ftr-365	669	2	authors	author	NOUN
ftr-365	669	3	indicate	indicate	VERB
ftr-365	669	4	that	that	SCONJ
ftr-365	669	5	“	"	PUNCT
ftr-365	669	6	one	one	NUM
ftr-365	669	7	survey	survey	NOUN
ftr-365	669	8	of	of	ADP
ftr-365	669	9	19	19	NUM
ftr-365	669	10	major	major	ADJ
ftr-365	669	11	economies	economy	NOUN
ftr-365	669	12	found	find	VERB
ftr-365	669	13	that	that	SCONJ
ftr-365	669	14	the	the	DET
ftr-365	669	15	withholding	withholding	NOUN
ftr-365	669	16	tax	tax	NOUN
ftr-365	669	17	on	on	ADP
ftr-365	669	18	bank	bank	NOUN
ftr-365	669	19	interest	interest	NOUN
ftr-365	669	20	has	have	AUX
ftr-365	669	21	been	be	AUX
ftr-365	669	22	more	more	ADJ
ftr-365	669	23	than	than	ADP
ftr-365	669	24	cut	cut	VERB
ftr-365	669	25	in	in	ADP
ftr-365	669	26	half	half	NOUN
ftr-365	669	27	in	in	ADP
ftr-365	669	28	the	the	DET
ftr-365	669	29	past	past	ADJ
ftr-365	669	30	decade	decade	NOUN
ftr-365	669	31	.	.	PUNCT
ftr-365	669	32	”	"	PUNCT
ftr-365	670	1	30	30	NUM
ftr-365	670	2	florida	florida	PROPN
ftr-365	670	3	tax	tax	NOUN
ftr-365	670	4	review	review	NOUN
ftr-365	670	5	[	[	X
ftr-365	670	6	vol	vol	NOUN
ftr-365	670	7	.	.	NOUN
ftr-365	670	8	9:1	9:1	NUM
ftr-365	670	9	as	as	ADP
ftr-365	670	10	further	far	ADV
ftr-365	670	11	elaborated	elaborate	VERB
ftr-365	670	12	by	by	ADP
ftr-365	670	13	graetz	graetz	NOUN
ftr-365	670	14	and	and	CCONJ
ftr-365	670	15	greenberg	greenberg	PROPN
ftr-365	670	16	(	(	PUNCT
ftr-365	670	17	2003	2003	NUM
ftr-365	670	18	):	):	PUNCT
ftr-365	670	19	most	most	ADJ
ftr-365	670	20	corporate	corporate	ADJ
ftr-365	670	21	tax	tax	NOUN
ftr-365	670	22	rates	rate	NOUN
ftr-365	670	23	in	in	ADP
ftr-365	670	24	oecd	oecd	PROPN
ftr-365	670	25	countries	country	NOUN
ftr-365	670	26	today	today	NOUN
ftr-365	670	27	are	be	AUX
ftr-365	670	28	in	in	ADP
ftr-365	670	29	the	the	DET
ftr-365	670	30	range	range	NOUN
ftr-365	670	31	from	from	ADP
ftr-365	670	32	25	25	NUM
ftr-365	670	33	%	%	NOUN
ftr-365	670	34	to	to	PART
ftr-365	670	35	35	35	NUM
ftr-365	670	36	%	%	NOUN
ftr-365	670	37	.	.	PUNCT
ftr-365	671	1	by	by	ADP
ftr-365	671	2	imposing	impose	VERB
ftr-365	671	3	these	these	DET
ftr-365	671	4	corporate	corporate	ADJ
ftr-365	671	5	income	income	NOUN
ftr-365	671	6	taxes	taxis	NOUN
ftr-365	671	7	,	,	PUNCT
ftr-365	671	8	source	source	NOUN
ftr-365	671	9	countries	country	NOUN
ftr-365	671	10	exercise	exercise	VERB
ftr-365	671	11	their	their	PRON
ftr-365	671	12	right	right	NOUN
ftr-365	671	13	to	to	PART
ftr-365	671	14	tax	tax	VERB
ftr-365	671	15	international	international	ADJ
ftr-365	671	16	business	business	NOUN
ftr-365	671	17	income	income	NOUN
ftr-365	671	18	.	.	PUNCT
ftr-365	672	1	on	on	ADP
ftr-365	672	2	the	the	DET
ftr-365	672	3	other	other	ADJ
ftr-365	672	4	hand	hand	NOUN
ftr-365	672	5	,	,	PUNCT
ftr-365	672	6	source	source	NOUN
ftr-365	672	7	countries	country	NOUN
ftr-365	672	8	today	today	NOUN
ftr-365	672	9	rarely	rarely	ADV
ftr-365	672	10	exercise	exercise	VERB
ftr-365	672	11	any	any	DET
ftr-365	672	12	right	right	NOUN
ftr-365	672	13	to	to	PART
ftr-365	672	14	tax	tax	NOUN
ftr-365	672	15	interest	interest	NOUN
ftr-365	672	16	income	income	NOUN
ftr-365	672	17	earned	earn	VERB
ftr-365	672	18	by	by	ADP
ftr-365	672	19	foreign	foreign	ADJ
ftr-365	672	20	portfolio	portfolio	NOUN
ftr-365	672	21	lenders	lender	NOUN
ftr-365	672	22	and	and	CCONJ
ftr-365	672	23	,	,	PUNCT
ftr-365	672	24	where	where	SCONJ
ftr-365	672	25	bilateral	bilateral	ADJ
ftr-365	672	26	treaties	treaty	NOUN
ftr-365	672	27	are	be	AUX
ftr-365	672	28	in	in	ADP
ftr-365	672	29	force	force	NOUN
ftr-365	672	30	,	,	PUNCT
ftr-365	672	31	tend	tend	VERB
ftr-365	672	32	to	to	PART
ftr-365	672	33	tax	tax	VERB
ftr-365	672	34	portfolio	portfolio	NOUN
ftr-365	672	35	dividend	dividend	NOUN
ftr-365	672	36	income	income	NOUN
ftr-365	672	37	at	at	ADP
ftr-365	672	38	a	a	DET
ftr-365	672	39	zero	zero	NUM
ftr-365	672	40	to	to	ADP
ftr-365	672	41	15	15	NUM
ftr-365	672	42	%	%	NOUN
ftr-365	672	43	withholding	withholding	NOUN
ftr-365	672	44	rate	rate	NOUN
ftr-365	672	45	.	.	PUNCT
ftr-365	673	1	155	155	NUM
ftr-365	673	2	table	table	NOUN
ftr-365	673	3	1	1	NUM
ftr-365	673	4	shows	show	VERB
ftr-365	673	5	how	how	SCONJ
ftr-365	673	6	major	major	ADJ
ftr-365	673	7	developed	develop	VERB
ftr-365	673	8	countries	country	NOUN
ftr-365	673	9	tax	tax	NOUN
ftr-365	673	10	income	income	NOUN
ftr-365	673	11	from	from	ADP
ftr-365	673	12	interest	interest	NOUN
ftr-365	673	13	and	and	CCONJ
ftr-365	673	14	dividends	dividend	NOUN
ftr-365	673	15	derived	derive	VERB
ftr-365	673	16	by	by	ADP
ftr-365	673	17	non	non	NOUN
ftr-365	673	18	-	-	NOUN
ftr-365	673	19	residents	resident	NOUN
ftr-365	673	20	.	.	PUNCT
ftr-365	674	1	156	156	NUM
ftr-365	674	2	table	table	NOUN
ftr-365	674	3	1	1	NUM
ftr-365	674	4	country	country	NOUN
ftr-365	674	5	interest	interest	NOUN
ftr-365	674	6	(	(	PUNCT
ftr-365	674	7	w	w	NOUN
ftr-365	674	8	/	/	SYM
ftr-365	674	9	h	h	NOUN
ftr-365	674	10	)	)	PUNCT
ftr-365	674	11	dividends	dividend	NOUN
ftr-365	674	12	(	(	PUNCT
ftr-365	674	13	w	w	NOUN
ftr-365	674	14	/	/	SYM
ftr-365	674	15	h	h	NOUN
ftr-365	674	16	)	)	PUNCT
ftr-365	674	17	belgium	belgium	NOUN
ftr-365	674	18	15	15	NUM
ftr-365	674	19	%	%	NOUN
ftr-365	674	20	157	157	NUM
ftr-365	674	21	25	25	NUM
ftr-365	674	22	%	%	NOUN
ftr-365	674	23	0%15	0%15	ADJ
ftr-365	674	24	%	%	NOUN
ftr-365	674	25	–	–	PUNCT
ftr-365	674	26	25	25	NUM
ftr-365	674	27	%	%	NOUN
ftr-365	674	28	denmark	denmark	NOUN
ftr-365	674	29	0	0	NUM
ftr-365	674	30	%	%	NOUN
ftr-365	674	31	158	158	NUM
ftr-365	674	32	30	30	NUM
ftr-365	674	33	%	%	NOUN
ftr-365	674	34	0	0	NUM
ftr-365	674	35	%	%	NOUN
ftr-365	674	36	159	159	NUM
ftr-365	674	37	28	28	NUM
ftr-365	674	38	%	%	NOUN
ftr-365	674	39	france	france	NOUN
ftr-365	674	40	16	16	NUM
ftr-365	674	41	%	%	NOUN
ftr-365	674	42	25	25	NUM
ftr-365	674	43	%	%	NOUN
ftr-365	674	44	country	country	NOUN
ftr-365	674	45	interest	interest	NOUN
ftr-365	674	46	(	(	PUNCT
ftr-365	674	47	w	w	NOUN
ftr-365	674	48	/	/	SYM
ftr-365	674	49	h	h	NOUN
ftr-365	674	50	)	)	PUNCT
ftr-365	674	51	dividends	dividend	NOUN
ftr-365	674	52	(	(	PUNCT
ftr-365	674	53	w	w	NOUN
ftr-365	674	54	/	/	SYM
ftr-365	674	55	h	h	NOUN
ftr-365	674	56	)	)	PUNCT
ftr-365	674	57	germany	germany	NOUN
ftr-365	674	58	0	0	NUM
ftr-365	674	59	%	%	NOUN
ftr-365	674	60	160	160	NUM
ftr-365	674	61	35	35	NUM
ftr-365	674	62	%	%	NOUN
ftr-365	674	63	0	0	NUM
ftr-365	674	64	%	%	NOUN
ftr-365	674	65	greece	greece	NOUN
ftr-365	674	66	10	10	NUM
ftr-365	674	67	%	%	NOUN
ftr-365	674	68	29	29	NUM
ftr-365	674	69	%	%	NOUN
ftr-365	674	70	161	161	NUM
ftr-365	674	71	0	0	NUM
ftr-365	674	72	%	%	NOUN
ftr-365	674	73	ireland	ireland	NOUN
ftr-365	674	74	20	20	NUM
ftr-365	674	75	%	%	NOUN
ftr-365	674	76	0	0	NUM
ftr-365	674	77	%	%	NOUN
ftr-365	674	78	20	20	NUM
ftr-365	674	79	%	%	NOUN
ftr-365	674	80	162	162	NUM
ftr-365	674	81	citing	cite	VERB
ftr-365	674	82	from	from	ADP
ftr-365	674	83	harry	harry	PROPN
ftr-365	674	84	huizinga	huizinga	PROPN
ftr-365	674	85	and	and	CCONJ
ftr-365	674	86	gaetan	gaetan	PROPN
ftr-365	674	87	nicodeme	nicodeme	PROPN
ftr-365	674	88	,	,	PUNCT
ftr-365	674	89	“	"	PUNCT
ftr-365	674	90	are	be	AUX
ftr-365	674	91	international	international	ADJ
ftr-365	674	92	deposits	deposit	NOUN
ftr-365	674	93	taxdriven	taxdriven	VERB
ftr-365	674	94	?	?	PUNCT
ftr-365	674	95	”	"	PUNCT
ftr-365	674	96	european	european	PROPN
ftr-365	674	97	commission	commission	PROPN
ftr-365	674	98	economic	economic	PROPN
ftr-365	674	99	paper	paper	NOUN
ftr-365	674	100	no	no	INTJ
ftr-365	674	101	.	.	PROPN
ftr-365	674	102	152	152	NUM
ftr-365	674	103	,	,	PUNCT
ftr-365	674	104	july	july	PROPN
ftr-365	674	105	2001	2001	NUM
ftr-365	674	106	,	,	PUNCT
ftr-365	674	107	at	at	ADP
ftr-365	674	108	31	31	NUM
ftr-365	674	109	-	-	SYM
ftr-365	674	110	2	2	NUM
ftr-365	674	111	.	.	NOUN
ftr-365	674	112	155	155	NUM
ftr-365	674	113	.	.	PUNCT
ftr-365	675	1	graetz	graetz	PROPN
ftr-365	675	2	&	&	CCONJ
ftr-365	675	3	greenberg	greenberg	PROPN
ftr-365	675	4	(	(	PUNCT
ftr-365	675	5	2003	2003	NUM
ftr-365	675	6	)	)	PUNCT
ftr-365	676	1	,	,	PUNCT
ftr-365	676	2	supra	supra	PROPN
ftr-365	676	3	note	note	PROPN
ftr-365	676	4	88	88	NUM
ftr-365	676	5	,	,	PUNCT
ftr-365	676	6	at	at	ADP
ftr-365	676	7	548	548	NUM
ftr-365	676	8	-	-	SYM
ftr-365	676	9	9	9	NUM
ftr-365	676	10	.	.	PUNCT
ftr-365	677	1	see	see	VERB
ftr-365	677	2	also	also	ADV
ftr-365	677	3	john	john	PROPN
ftr-365	677	4	norregaard	norregaard	PROPN
ftr-365	677	5	,	,	PUNCT
ftr-365	677	6	tax	tax	NOUN
ftr-365	677	7	treatment	treatment	NOUN
ftr-365	677	8	of	of	ADP
ftr-365	677	9	government	government	NOUN
ftr-365	677	10	bonds	bond	NOUN
ftr-365	677	11	,	,	PUNCT
ftr-365	677	12	15	15	NUM
ftr-365	677	13	tax	tax	NOUN
ftr-365	677	14	notes	note	NOUN
ftr-365	677	15	int’l	int’l	X
ftr-365	677	16	143	143	NUM
ftr-365	677	17	(	(	PUNCT
ftr-365	677	18	“	"	PUNCT
ftr-365	677	19	the	the	DET
ftr-365	677	20	increase	increase	NOUN
ftr-365	677	21	in	in	ADP
ftr-365	677	22	international	international	ADJ
ftr-365	677	23	mobility	mobility	NOUN
ftr-365	677	24	of	of	ADP
ftr-365	677	25	capital	capital	NOUN
ftr-365	677	26	has	have	AUX
ftr-365	677	27	led	lead	VERB
ftr-365	677	28	to	to	ADP
ftr-365	677	29	significant	significant	ADJ
ftr-365	677	30	downward	downward	ADJ
ftr-365	677	31	pressures	pressure	NOUN
ftr-365	677	32	on	on	ADP
ftr-365	677	33	these	these	DET
ftr-365	677	34	withholding	withholding	NOUN
ftr-365	677	35	rates	rate	NOUN
ftr-365	677	36	,	,	PUNCT
ftr-365	677	37	and	and	CCONJ
ftr-365	677	38	has	have	AUX
ftr-365	677	39	led	lead	VERB
ftr-365	677	40	a	a	DET
ftr-365	677	41	number	number	NOUN
ftr-365	677	42	of	of	ADP
ftr-365	677	43	countries	country	NOUN
ftr-365	677	44	to	to	PART
ftr-365	677	45	abolish	abolish	VERB
ftr-365	677	46	them	they	PRON
ftr-365	677	47	since	since	SCONJ
ftr-365	677	48	the	the	DET
ftr-365	677	49	mid1980s	mid1980	NOUN
ftr-365	677	50	.	.	PUNCT
ftr-365	677	51	”	"	PUNCT
ftr-365	677	52	)	)	PUNCT
ftr-365	677	53	.	.	PUNCT
ftr-365	678	1	156	156	NUM
ftr-365	678	2	.	.	PUNCT
ftr-365	679	1	these	these	DET
ftr-365	679	2	numbers	number	NOUN
ftr-365	679	3	are	be	AUX
ftr-365	679	4	taken	take	VERB
ftr-365	679	5	from	from	ADP
ftr-365	679	6	ernst	ernst	PROPN
ftr-365	679	7	&	&	CCONJ
ftr-365	679	8	young	young	PROPN
ftr-365	679	9	’s	’s	PART
ftr-365	679	10	corporate	corporate	ADJ
ftr-365	679	11	tax	tax	NOUN
ftr-365	679	12	guide	guide	NOUN
ftr-365	679	13	(	(	PUNCT
ftr-365	679	14	2006	2006	NUM
ftr-365	679	15	)	)	PUNCT
ftr-365	679	16	.	.	PUNCT
ftr-365	680	1	157	157	NUM
ftr-365	680	2	.	.	PUNCT
ftr-365	681	1	belgian	belgian	ADJ
ftr-365	681	2	sourced	source	VERB
ftr-365	681	3	interest	interest	NOUN
ftr-365	681	4	is	be	AUX
ftr-365	681	5	subject	subject	ADJ
ftr-365	681	6	to	to	ADP
ftr-365	681	7	a	a	DET
ftr-365	681	8	15	15	NUM
ftr-365	681	9	%	%	NOUN
ftr-365	681	10	withholding	withholding	NOUN
ftr-365	681	11	tax	tax	NOUN
ftr-365	681	12	if	if	SCONJ
ftr-365	681	13	the	the	DET
ftr-365	681	14	underlying	underlying	ADJ
ftr-365	681	15	agreement	agreement	NOUN
ftr-365	681	16	was	be	AUX
ftr-365	681	17	concluded	conclude	VERB
ftr-365	681	18	on	on	ADP
ftr-365	681	19	or	or	CCONJ
ftr-365	681	20	after	after	ADP
ftr-365	681	21	1	1	NUM
ftr-365	681	22	march	march	NOUN
ftr-365	681	23	1990	1990	NUM
ftr-365	681	24	.	.	PUNCT
ftr-365	682	1	158	158	NUM
ftr-365	682	2	.	.	PUNCT
ftr-365	683	1	when	when	SCONJ
ftr-365	683	2	certain	certain	ADJ
ftr-365	683	3	conditions	condition	NOUN
ftr-365	683	4	are	be	AUX
ftr-365	683	5	met	meet	VERB
ftr-365	683	6	.	.	PUNCT
ftr-365	684	1	159	159	NUM
ftr-365	684	2	.	.	PUNCT
ftr-365	684	3	dividends	dividend	NOUN
ftr-365	684	4	are	be	AUX
ftr-365	684	5	exempt	exempt	ADJ
ftr-365	684	6	from	from	ADP
ftr-365	684	7	withholding	withhold	VERB
ftr-365	684	8	tax	tax	NOUN
ftr-365	684	9	if	if	SCONJ
ftr-365	684	10	certain	certain	ADJ
ftr-365	684	11	conditions	condition	NOUN
ftr-365	684	12	are	be	AUX
ftr-365	684	13	met	meet	VERB
ftr-365	684	14	.	.	PUNCT
ftr-365	685	1	160	160	NUM
ftr-365	685	2	.	.	X
ftr-365	685	3	thirty	thirty	NUM
ftr-365	685	4	-	-	PUNCT
ftr-365	685	5	five	five	NUM
ftr-365	685	6	percent	percent	NOUN
ftr-365	685	7	withholding	withhold	VERB
ftr-365	685	8	on	on	ADP
ftr-365	685	9	overthe	overthe	ADJ
ftr-365	685	10	-	-	PUNCT
ftr-365	685	11	counter	counter	NOUN
ftr-365	685	12	transactions	transaction	NOUN
ftr-365	685	13	.	.	PUNCT
ftr-365	686	1	161	161	NUM
ftr-365	686	2	.	.	PUNCT
ftr-365	687	1	this	this	DET
ftr-365	687	2	withholding	withholding	NOUN
ftr-365	687	3	tax	tax	NOUN
ftr-365	687	4	applies	apply	VERB
ftr-365	687	5	to	to	ADP
ftr-365	687	6	interest	interest	NOUN
ftr-365	687	7	paid	pay	VERB
ftr-365	687	8	to	to	ADP
ftr-365	687	9	foreign	foreign	ADJ
ftr-365	687	10	entities	entity	NOUN
ftr-365	687	11	that	that	PRON
ftr-365	687	12	do	do	AUX
ftr-365	687	13	not	not	PART
ftr-365	687	14	have	have	VERB
ftr-365	687	15	a	a	DET
ftr-365	687	16	permanent	permanent	ADJ
ftr-365	687	17	establishment	establishment	NOUN
ftr-365	687	18	in	in	ADP
ftr-365	687	19	greece	greece	PROPN
ftr-365	687	20	.	.	PUNCT
ftr-365	688	1	162	162	NUM
ftr-365	688	2	.	.	PUNCT
ftr-365	689	1	there	there	PRON
ftr-365	689	2	is	be	VERB
ftr-365	689	3	an	an	DET
ftr-365	689	4	exemption	exemption	NOUN
ftr-365	689	5	for	for	ADP
ftr-365	689	6	non	non	NOUN
ftr-365	689	7	-	-	NOUN
ftr-365	689	8	residents	resident	NOUN
ftr-365	689	9	if	if	SCONJ
ftr-365	689	10	certain	certain	ADJ
ftr-365	689	11	conditions	condition	NOUN
ftr-365	689	12	are	be	AUX
ftr-365	689	13	met	meet	VERB
ftr-365	689	14	.	.	PUNCT
ftr-365	690	1	2008	2008	NUM
ftr-365	690	2	]	]	PUNCT
ftr-365	691	1	the	the	DET
ftr-365	691	2	case	case	NOUN
ftr-365	691	3	for	for	ADP
ftr-365	691	4	residency	residency	NOUN
ftr-365	691	5	-	-	PUNCT
ftr-365	691	6	based	base	VERB
ftr-365	691	7	taxation	taxation	NOUN
ftr-365	691	8	31	31	NUM
ftr-365	691	9	country	country	NOUN
ftr-365	691	10	interest	interest	NOUN
ftr-365	691	11	(	(	PUNCT
ftr-365	691	12	w	w	NOUN
ftr-365	691	13	/	/	SYM
ftr-365	691	14	h	h	NOUN
ftr-365	691	15	)	)	PUNCT
ftr-365	691	16	dividends	dividend	NOUN
ftr-365	691	17	(	(	PUNCT
ftr-365	691	18	w	w	NOUN
ftr-365	691	19	/	/	SYM
ftr-365	691	20	h	h	NOUN
ftr-365	691	21	)	)	PUNCT
ftr-365	691	22	italy	italy	PROPN
ftr-365	691	23	0	0	NUM
ftr-365	691	24	%	%	NOUN
ftr-365	691	25	163	163	NUM
ftr-365	691	26	12.5	12.5	NUM
ftr-365	691	27	%	%	NOUN
ftr-365	691	28	27	27	NUM
ftr-365	691	29	%	%	NOUN
ftr-365	691	30	0	0	NUM
ftr-365	691	31	%	%	NOUN
ftr-365	691	32	12.5	12.5	NUM
ftr-365	691	33	%	%	NOUN
ftr-365	691	34	164	164	NUM
ftr-365	691	35	27	27	NUM
ftr-365	691	36	%	%	NOUN
ftr-365	691	37	165	165	NUM
ftr-365	691	38	luxembourg	luxembourg	PROPN
ftr-365	691	39	0	0	NUM
ftr-365	691	40	%	%	NOUN
ftr-365	691	41	20	20	NUM
ftr-365	691	42	%	%	NOUN
ftr-365	691	43	netherlands	netherlands	PROPN
ftr-365	691	44	0	0	NUM
ftr-365	691	45	%	%	NOUN
ftr-365	691	46	25	25	NUM
ftr-365	691	47	%	%	NOUN
ftr-365	691	48	portugal	portugal	PROPN
ftr-365	691	49	15	15	NUM
ftr-365	691	50	%	%	NOUN
ftr-365	691	51	20	20	NUM
ftr-365	691	52	%	%	NOUN
ftr-365	691	53	15	15	NUM
ftr-365	691	54	%	%	NOUN
ftr-365	691	55	166	166	NUM
ftr-365	691	56	25	25	NUM
ftr-365	691	57	%	%	NOUN
ftr-365	691	58	167	167	NUM
ftr-365	691	59	spain	spain	NOUN
ftr-365	691	60	15	15	NUM
ftr-365	691	61	%	%	NOUN
ftr-365	691	62	15	15	NUM
ftr-365	691	63	%	%	NOUN
ftr-365	691	64	united	united	PROPN
ftr-365	691	65	kingdom	kingdom	NOUN
ftr-365	691	66	20	20	NUM
ftr-365	691	67	%	%	NOUN
ftr-365	691	68	0	0	NUM
ftr-365	691	69	%	%	NOUN
ftr-365	691	70	united	united	PROPN
ftr-365	691	71	states	states	PROPN
ftr-365	691	72	0	0	NUM
ftr-365	691	73	%	%	NOUN
ftr-365	691	74	168	168	NUM
ftr-365	691	75	30	30	NUM
ftr-365	691	76	%	%	NOUN
ftr-365	691	77	30	30	NUM
ftr-365	691	78	%	%	NOUN
ftr-365	691	79	japan	japan	PROPN
ftr-365	691	80	15	15	NUM
ftr-365	691	81	%	%	NOUN
ftr-365	691	82	20	20	NUM
ftr-365	691	83	%	%	NOUN
ftr-365	691	84	20	20	NUM
ftr-365	691	85	%	%	NOUN
ftr-365	691	86	australia	australia	NOUN
ftr-365	691	87	10	10	NUM
ftr-365	691	88	%	%	NOUN
ftr-365	691	89	0	0	NUM
ftr-365	691	90	%	%	NOUN
ftr-365	691	91	30	30	NUM
ftr-365	691	92	%	%	NOUN
ftr-365	691	93	new	new	PROPN
ftr-365	691	94	zealand	zealand	PROPN
ftr-365	691	95	15	15	NUM
ftr-365	691	96	%	%	NOUN
ftr-365	691	97	169	169	NUM
ftr-365	691	98	19.5	19.5	NUM
ftr-365	691	99	%	%	NOUN
ftr-365	691	100	170	170	NUM
ftr-365	691	101	30	30	NUM
ftr-365	691	102	%	%	NOUN
ftr-365	691	103	171	171	NUM
ftr-365	691	104	33	33	NUM
ftr-365	691	105	%	%	NOUN
ftr-365	691	106	172	172	NUM
ftr-365	691	107	canada	canada	PROPN
ftr-365	691	108	25	25	NUM
ftr-365	691	109	%	%	NOUN
ftr-365	691	110	25	25	NUM
ftr-365	691	111	%	%	NOUN
ftr-365	691	112	russia	russia	NOUN
ftr-365	691	113	15%-20	15%-20	NUM
ftr-365	691	114	%	%	NOUN
ftr-365	691	115	9	9	NUM
ftr-365	691	116	%	%	NOUN
ftr-365	691	117	15	15	NUM
ftr-365	691	118	%	%	NOUN
ftr-365	691	119	173	173	NUM
ftr-365	691	120	brazil	brazil	PROPN
ftr-365	691	121	15	15	NUM
ftr-365	691	122	%	%	NOUN
ftr-365	691	123	0	0	NUM
ftr-365	691	124	%	%	NOUN
ftr-365	691	125	mexico	mexico	NOUN
ftr-365	691	126	10	10	NUM
ftr-365	691	127	%	%	NOUN
ftr-365	691	128	29	29	NUM
ftr-365	691	129	%	%	NOUN
ftr-365	691	130	0	0	NUM
ftr-365	691	131	%	%	NOUN
ftr-365	691	132	argentina	argentina	NOUN
ftr-365	691	133	15.05	15.05	NUM
ftr-365	691	134	%	%	NOUN
ftr-365	691	135	35	35	NUM
ftr-365	691	136	%	%	NOUN
ftr-365	691	137	0	0	NUM
ftr-365	691	138	%	%	NOUN
ftr-365	691	139	singapore	singapore	NOUN
ftr-365	691	140	15	15	NUM
ftr-365	691	141	%	%	NOUN
ftr-365	691	142	0	0	NUM
ftr-365	691	143	%	%	NOUN
ftr-365	691	144	hong	hong	PROPN
ftr-365	691	145	kong	kong	PROPN
ftr-365	691	146	0	0	NUM
ftr-365	691	147	%	%	NOUN
ftr-365	691	148	0	0	NUM
ftr-365	691	149	%	%	NOUN
ftr-365	691	150	philippines	philippine	NOUN
ftr-365	691	151	20	20	NUM
ftr-365	691	152	%	%	NOUN
ftr-365	691	153	35	35	NUM
ftr-365	691	154	%	%	NOUN
ftr-365	691	155	0	0	NUM
ftr-365	691	156	%	%	NOUN
ftr-365	691	157	15	15	NUM
ftr-365	691	158	%	%	NOUN
ftr-365	691	159	35	35	NUM
ftr-365	691	160	%	%	NOUN
ftr-365	691	161	norway	norway	NOUN
ftr-365	691	162	0	0	NUM
ftr-365	691	163	%	%	NOUN
ftr-365	691	164	25	25	NUM
ftr-365	691	165	%	%	NOUN
ftr-365	691	166	sweden	sweden	NOUN
ftr-365	691	167	0	0	NUM
ftr-365	691	168	%	%	NOUN
ftr-365	691	169	30	30	NUM
ftr-365	691	170	%	%	NOUN
ftr-365	691	171	switzerland	switzerland	NOUN
ftr-365	691	172	35	35	NUM
ftr-365	691	173	%	%	NOUN
ftr-365	691	174	35	35	NUM
ftr-365	691	175	%	%	NOUN
ftr-365	691	176	these	these	DET
ftr-365	691	177	low	low	ADJ
ftr-365	691	178	rates	rate	NOUN
ftr-365	691	179	of	of	ADP
ftr-365	691	180	tax	tax	NOUN
ftr-365	691	181	on	on	ADP
ftr-365	691	182	interest	interest	NOUN
ftr-365	691	183	and	and	CCONJ
ftr-365	691	184	dividend	dividend	NOUN
ftr-365	691	185	income	income	NOUN
ftr-365	691	186	by	by	ADP
ftr-365	691	187	source	source	NOUN
ftr-365	691	188	countries	country	NOUN
ftr-365	691	189	are	be	AUX
ftr-365	691	190	consistent	consistent	ADJ
ftr-365	691	191	with	with	ADP
ftr-365	691	192	the	the	DET
ftr-365	691	193	vast	vast	ADJ
ftr-365	691	194	majority	majority	NOUN
ftr-365	691	195	of	of	ADP
ftr-365	691	196	tax	tax	NOUN
ftr-365	691	197	treaties	treaty	NOUN
ftr-365	691	198	.	.	PUNCT
ftr-365	692	1	174	174	NUM
ftr-365	692	2	as	as	ADV
ftr-365	692	3	set	set	VERB
ftr-365	692	4	forth	forth	ADV
ftr-365	692	5	above	above	ADV
ftr-365	692	6	,	,	PUNCT
ftr-365	692	7	all	all	DET
ftr-365	692	8	three	three	NUM
ftr-365	692	9	tax	tax	NOUN
ftr-365	692	10	treaty	treaty	NOUN
ftr-365	692	11	models	model	NOUN
ftr-365	692	12	advocate	advocate	VERB
ftr-365	692	13	lower	low	ADJ
ftr-365	692	14	rates	rate	NOUN
ftr-365	692	15	for	for	ADP
ftr-365	692	16	passive	passive	ADJ
ftr-365	692	17	income	income	NOUN
ftr-365	692	18	and	and	CCONJ
ftr-365	692	19	in	in	ADP
ftr-365	692	20	many	many	ADJ
ftr-365	692	21	cases	case	NOUN
ftr-365	692	22	,	,	PUNCT
ftr-365	692	23	the	the	DET
ftr-365	692	24	rate	rate	NOUN
ftr-365	692	25	on	on	ADP
ftr-365	692	26	interest	interest	NOUN
ftr-365	692	27	income	income	NOUN
ftr-365	692	28	is	be	AUX
ftr-365	692	29	reduced	reduce	VERB
ftr-365	692	30	to	to	ADP
ftr-365	692	31	zero	zero	NUM
ftr-365	692	32	.	.	PUNCT
ftr-365	693	1	175	175	NUM
ftr-365	693	2	in	in	ADP
ftr-365	693	3	general	general	ADJ
ftr-365	693	4	,	,	PUNCT
ftr-365	693	5	most	most	ADJ
ftr-365	693	6	163	163	NUM
ftr-365	693	7	.	.	PUNCT
ftr-365	694	1	interest	interest	NOUN
ftr-365	694	2	derived	derive	VERB
ftr-365	694	3	by	by	ADP
ftr-365	694	4	nonresidents	nonresident	NOUN
ftr-365	694	5	on	on	ADP
ftr-365	694	6	deposit	deposit	NOUN
ftr-365	694	7	accounts	account	NOUN
ftr-365	694	8	.	.	PUNCT
ftr-365	695	1	164	164	NUM
ftr-365	695	2	.	.	PUNCT
ftr-365	695	3	dividends	dividend	NOUN
ftr-365	695	4	paid	pay	VERB
ftr-365	695	5	to	to	ADP
ftr-365	695	6	resident	resident	ADJ
ftr-365	695	7	individuals	individual	NOUN
ftr-365	695	8	with	with	ADP
ftr-365	695	9	non	non	ADJ
ftr-365	695	10	-	-	ADJ
ftr-365	695	11	substantial	substantial	ADJ
ftr-365	695	12	participation	participation	NOUN
ftr-365	695	13	.	.	PUNCT
ftr-365	696	1	165	165	NUM
ftr-365	696	2	.	.	PUNCT
ftr-365	696	3	dividends	dividend	NOUN
ftr-365	696	4	paid	pay	VERB
ftr-365	696	5	to	to	ADP
ftr-365	696	6	non	non	NOUN
ftr-365	696	7	-	-	NOUN
ftr-365	696	8	residents	resident	NOUN
ftr-365	696	9	.	.	PUNCT
ftr-365	697	1	166	166	NUM
ftr-365	697	2	.	.	PUNCT
ftr-365	697	3	paid	pay	VERB
ftr-365	697	4	to	to	ADP
ftr-365	697	5	residents	resident	NOUN
ftr-365	697	6	.	.	PUNCT
ftr-365	698	1	167	167	NUM
ftr-365	698	2	.	.	PUNCT
ftr-365	699	1	paid	pay	VERB
ftr-365	699	2	to	to	ADP
ftr-365	699	3	non	non	NOUN
ftr-365	699	4	-	-	NOUN
ftr-365	699	5	residents	resident	NOUN
ftr-365	699	6	.	.	PUNCT
ftr-365	700	1	168	168	NUM
ftr-365	700	2	.	.	PUNCT
ftr-365	701	1	portfolio	portfolio	NOUN
ftr-365	701	2	interest	interest	NOUN
ftr-365	701	3	is	be	AUX
ftr-365	701	4	exempt	exempt	ADJ
ftr-365	701	5	.	.	PUNCT
ftr-365	702	1	169	169	NUM
ftr-365	702	2	.	.	PUNCT
ftr-365	703	1	withholding	withhold	VERB
ftr-365	703	2	tax	tax	NOUN
ftr-365	703	3	for	for	ADP
ftr-365	703	4	non	non	NOUN
ftr-365	703	5	-	-	NOUN
ftr-365	703	6	residents	resident	NOUN
ftr-365	703	7	.	.	PUNCT
ftr-365	704	1	170	170	NUM
ftr-365	704	2	.	.	PUNCT
ftr-365	704	3	withholding	withhold	VERB
ftr-365	704	4	tax	tax	NOUN
ftr-365	704	5	for	for	ADP
ftr-365	704	6	residents	resident	NOUN
ftr-365	704	7	(	(	PUNCT
ftr-365	704	8	individuals	individual	NOUN
ftr-365	704	9	)	)	PUNCT
ftr-365	704	10	.	.	PUNCT
ftr-365	705	1	171	171	NUM
ftr-365	705	2	.	.	PUNCT
ftr-365	705	3	withholding	withhold	VERB
ftr-365	705	4	tax	tax	NOUN
ftr-365	705	5	for	for	ADP
ftr-365	705	6	non	non	NOUN
ftr-365	705	7	-	-	NOUN
ftr-365	705	8	residents	resident	NOUN
ftr-365	705	9	.	.	PUNCT
ftr-365	706	1	172	172	X
ftr-365	706	2	.	.	PUNCT
ftr-365	706	3	withholding	withhold	VERB
ftr-365	706	4	tax	tax	NOUN
ftr-365	706	5	for	for	ADP
ftr-365	706	6	residents	resident	NOUN
ftr-365	706	7	.	.	PUNCT
ftr-365	707	1	173	173	NUM
ftr-365	707	2	.	.	PUNCT
ftr-365	708	1	the	the	DET
ftr-365	708	2	15	15	NUM
ftr-365	708	3	%	%	NOUN
ftr-365	708	4	rate	rate	NOUN
ftr-365	708	5	applies	apply	VERB
ftr-365	708	6	if	if	SCONJ
ftr-365	708	7	either	either	CCONJ
ftr-365	708	8	the	the	DET
ftr-365	708	9	payor	payor	NOUN
ftr-365	708	10	or	or	CCONJ
ftr-365	708	11	the	the	DET
ftr-365	708	12	recipient	recipient	NOUN
ftr-365	708	13	of	of	ADP
ftr-365	708	14	the	the	DET
ftr-365	708	15	dividend	dividend	NOUN
ftr-365	708	16	is	be	AUX
ftr-365	708	17	a	a	DET
ftr-365	708	18	foreign	foreign	ADJ
ftr-365	708	19	legal	legal	ADJ
ftr-365	708	20	entity	entity	NOUN
ftr-365	708	21	174	174	NUM
ftr-365	708	22	.	.	PUNCT
ftr-365	709	1	interest	interest	NOUN
ftr-365	709	2	is	be	AUX
ftr-365	709	3	defined	define	VERB
ftr-365	709	4	under	under	ADP
ftr-365	709	5	article	article	NOUN
ftr-365	709	6	11	11	NUM
ftr-365	709	7	of	of	ADP
ftr-365	709	8	both	both	CCONJ
ftr-365	709	9	the	the	DET
ftr-365	709	10	oecd	oecd	PROPN
ftr-365	709	11	model	model	NOUN
ftr-365	709	12	treaty	treaty	NOUN
ftr-365	709	13	and	and	CCONJ
ftr-365	709	14	the	the	DET
ftr-365	709	15	u.s	u.s	PROPN
ftr-365	709	16	.	.	PROPN
ftr-365	709	17	model	model	PROPN
ftr-365	709	18	treaty	treaty	PROPN
ftr-365	709	19	as	as	ADP
ftr-365	709	20	“	"	PUNCT
ftr-365	709	21	income	income	NOUN
ftr-365	709	22	from	from	ADP
ftr-365	709	23	debt	debt	NOUN
ftr-365	709	24	-	-	PUNCT
ftr-365	709	25	claims	claim	NOUN
ftr-365	709	26	of	of	ADP
ftr-365	709	27	every	every	DET
ftr-365	709	28	kind	kind	NOUN
ftr-365	709	29	.	.	PUNCT
ftr-365	709	30	”	"	PUNCT
ftr-365	710	1	175	175	NUM
ftr-365	710	2	.	.	PUNCT
ftr-365	711	1	i	i	PRON
ftr-365	711	2	d.	d.	PROPN
ftr-365	711	3	(	(	PUNCT
ftr-365	711	4	“	"	PUNCT
ftr-365	711	5	interest	interest	NOUN
ftr-365	711	6	arising	arise	VERB
ftr-365	711	7	in	in	ADP
ftr-365	711	8	a	a	DET
ftr-365	711	9	contracting	contracting	NOUN
ftr-365	711	10	state	state	NOUN
ftr-365	711	11	and	and	CCONJ
ftr-365	711	12	paid	pay	VERB
ftr-365	711	13	to	to	ADP
ftr-365	711	14	a	a	DET
ftr-365	711	15	resident	resident	NOUN
ftr-365	711	16	of	of	ADP
ftr-365	711	17	the	the	DET
ftr-365	711	18	32	32	NUM
ftr-365	711	19	florida	florida	PROPN
ftr-365	711	20	tax	tax	NOUN
ftr-365	711	21	review	review	NOUN
ftr-365	711	22	[	[	X
ftr-365	711	23	vol	vol	NOUN
ftr-365	711	24	.	.	PUNCT
ftr-365	712	1	9:1	9:1	NUM
ftr-365	712	2	treaties	treaty	NOUN
ftr-365	712	3	reduce	reduce	VERB
ftr-365	712	4	the	the	DET
ftr-365	712	5	rates	rate	NOUN
ftr-365	712	6	on	on	ADP
ftr-365	712	7	income	income	NOUN
ftr-365	712	8	from	from	ADP
ftr-365	712	9	interest	interest	NOUN
ftr-365	712	10	and	and	CCONJ
ftr-365	712	11	dividends	dividend	NOUN
ftr-365	712	12	to	to	ADP
ftr-365	712	13	no	no	DET
ftr-365	712	14	more	more	ADJ
ftr-365	712	15	than	than	ADP
ftr-365	712	16	15	15	NUM
ftr-365	712	17	%	%	NOUN
ftr-365	712	18	at	at	ADP
ftr-365	712	19	the	the	DET
ftr-365	712	20	source	source	NOUN
ftr-365	712	21	country	country	NOUN
ftr-365	712	22	,	,	PUNCT
ftr-365	712	23	and	and	CCONJ
ftr-365	712	24	therefore	therefore	ADV
ftr-365	712	25	,	,	PUNCT
ftr-365	712	26	allow	allow	VERB
ftr-365	712	27	the	the	DET
ftr-365	712	28	residency	residency	NOUN
ftr-365	712	29	country	country	NOUN
ftr-365	712	30	to	to	PART
ftr-365	712	31	collect	collect	VERB
ftr-365	712	32	most	most	ADJ
ftr-365	712	33	of	of	ADP
ftr-365	712	34	the	the	DET
ftr-365	712	35	tax	tax	NOUN
ftr-365	712	36	on	on	ADP
ftr-365	712	37	such	such	ADJ
ftr-365	712	38	income	income	NOUN
ftr-365	712	39	.	.	PUNCT
ftr-365	713	1	176	176	NUM
ftr-365	713	2	furthermore	furthermore	ADV
ftr-365	713	3	,	,	PUNCT
ftr-365	713	4	most	most	ADJ
ftr-365	713	5	treaties	treaty	NOUN
ftr-365	713	6	provide	provide	VERB
ftr-365	713	7	that	that	SCONJ
ftr-365	713	8	capital	capital	NOUN
ftr-365	713	9	gains	gain	NOUN
ftr-365	713	10	tax	tax	NOUN
ftr-365	713	11	on	on	ADP
ftr-365	713	12	sales	sale	NOUN
ftr-365	713	13	of	of	ADP
ftr-365	713	14	securities	security	NOUN
ftr-365	713	15	is	be	AUX
ftr-365	713	16	collected	collect	VERB
ftr-365	713	17	by	by	ADP
ftr-365	713	18	the	the	DET
ftr-365	713	19	residency	residency	NOUN
ftr-365	713	20	country	country	NOUN
ftr-365	713	21	.	.	PUNCT
ftr-365	714	1	177	177	NUM
ftr-365	714	2	thus	thus	ADV
ftr-365	714	3	,	,	PUNCT
ftr-365	714	4	when	when	SCONJ
ftr-365	714	5	countries	country	NOUN
ftr-365	714	6	adopt	adopt	VERB
ftr-365	714	7	portfolio	portfolio	NOUN
ftr-365	714	8	interest	interest	NOUN
ftr-365	714	9	exemption	exemption	NOUN
ftr-365	714	10	provisions	provision	NOUN
ftr-365	714	11	similar	similar	ADJ
ftr-365	714	12	to	to	ADP
ftr-365	714	13	the	the	DET
ftr-365	714	14	u.s	u.s	PROPN
ftr-365	714	15	.	.	PROPN
ftr-365	714	16	,	,	PUNCT
ftr-365	714	17	they	they	PRON
ftr-365	714	18	simply	simply	ADV
ftr-365	714	19	conform	conform	VERB
ftr-365	714	20	their	their	PRON
ftr-365	714	21	internal	internal	ADJ
ftr-365	714	22	tax	tax	NOUN
ftr-365	714	23	laws	law	NOUN
ftr-365	714	24	to	to	ADP
ftr-365	714	25	what	what	PRON
ftr-365	714	26	a	a	DET
ftr-365	714	27	treaty	treaty	NOUN
ftr-365	714	28	would	would	AUX
ftr-365	714	29	normally	normally	ADV
ftr-365	714	30	mandate	mandate	VERB
ftr-365	714	31	for	for	ADP
ftr-365	714	32	such	such	ADJ
ftr-365	714	33	income	income	NOUN
ftr-365	714	34	.	.	PUNCT
ftr-365	715	1	table	table	NOUN
ftr-365	715	2	2	2	NUM
ftr-365	715	3	shows	show	VERB
ftr-365	715	4	how	how	SCONJ
ftr-365	715	5	the	the	DET
ftr-365	715	6	above	above	ADJ
ftr-365	715	7	countries	country	NOUN
ftr-365	715	8	tax	tax	NOUN
ftr-365	715	9	income	income	NOUN
ftr-365	715	10	from	from	ADP
ftr-365	715	11	interest	interest	NOUN
ftr-365	715	12	and	and	CCONJ
ftr-365	715	13	dividends	dividend	NOUN
ftr-365	715	14	derived	derive	VERB
ftr-365	715	15	by	by	ADP
ftr-365	715	16	non	non	NOUN
ftr-365	715	17	-	-	NOUN
ftr-365	715	18	residents	resident	NOUN
ftr-365	715	19	under	under	ADP
ftr-365	715	20	their	their	PRON
ftr-365	715	21	tax	tax	NOUN
ftr-365	715	22	treaties	treaty	NOUN
ftr-365	715	23	.	.	PUNCT
ftr-365	716	1	178	178	NUM
ftr-365	716	2	table	table	NOUN
ftr-365	716	3	2	2	NUM
ftr-365	716	4	country	country	NOUN
ftr-365	716	5	interest	interest	NOUN
ftr-365	716	6	(	(	PUNCT
ftr-365	716	7	w	w	NOUN
ftr-365	716	8	/	/	SYM
ftr-365	716	9	h	h	NOUN
ftr-365	716	10	)	)	PUNCT
ftr-365	716	11	dividends	dividend	NOUN
ftr-365	716	12	(	(	PUNCT
ftr-365	716	13	w	w	NOUN
ftr-365	716	14	/	/	SYM
ftr-365	716	15	h	h	NOUN
ftr-365	716	16	)	)	PUNCT
ftr-365	716	17	belgium	belgium	NOUN
ftr-365	716	18	5	5	NUM
ftr-365	716	19	%	%	NOUN
ftr-365	716	20	25	25	NUM
ftr-365	716	21	%	%	NOUN
ftr-365	716	22	10	10	NUM
ftr-365	716	23	%	%	NOUN
ftr-365	716	24	20	20	NUM
ftr-365	716	25	%	%	NOUN
ftr-365	716	26	denmark	denmark	NOUN
ftr-365	716	27	0	0	NUM
ftr-365	716	28	%	%	NOUN
ftr-365	716	29	0	0	NUM
ftr-365	716	30	%	%	NOUN
ftr-365	716	31	25	25	NUM
ftr-365	716	32	%	%	NOUN
ftr-365	716	33	france	france	PROPN
ftr-365	716	34	0	0	NUM
ftr-365	716	35	%	%	NOUN
ftr-365	716	36	20	20	NUM
ftr-365	716	37	%	%	NOUN
ftr-365	716	38	0	0	NUM
ftr-365	716	39	%	%	NOUN
ftr-365	716	40	25	25	NUM
ftr-365	716	41	%	%	NOUN
ftr-365	716	42	germany	germany	NOUN
ftr-365	716	43	0	0	NUM
ftr-365	716	44	%	%	NOUN
ftr-365	716	45	25	25	NUM
ftr-365	716	46	%	%	NOUN
ftr-365	716	47	0	0	NUM
ftr-365	716	48	%	%	NOUN
ftr-365	716	49	20	20	NUM
ftr-365	716	50	%	%	NOUN
ftr-365	716	51	greece	greece	NOUN
ftr-365	716	52	0	0	NUM
ftr-365	716	53	%	%	NOUN
ftr-365	716	54	40	40	NUM
ftr-365	716	55	%	%	NOUN
ftr-365	716	56	ireland	ireland	NOUN
ftr-365	716	57	0	0	NUM
ftr-365	716	58	%	%	NOUN
ftr-365	716	59	15	15	NUM
ftr-365	716	60	%	%	NOUN
ftr-365	716	61	0	0	NUM
ftr-365	716	62	%	%	NOUN
ftr-365	716	63	italy	italy	PROPN
ftr-365	716	64	0	0	NUM
ftr-365	716	65	%	%	NOUN
ftr-365	716	66	27	27	NUM
ftr-365	716	67	%	%	NOUN
ftr-365	716	68	0	0	NUM
ftr-365	716	69	%	%	NOUN
ftr-365	716	70	27	27	NUM
ftr-365	716	71	%	%	NOUN
ftr-365	716	72	luxembourg	luxembourg	PROPN
ftr-365	716	73	0	0	NUM
ftr-365	716	74	%	%	NOUN
ftr-365	716	75	0	0	NUM
ftr-365	716	76	%	%	NOUN
ftr-365	716	77	20	20	NUM
ftr-365	716	78	%	%	NOUN
ftr-365	716	79	netherlands	netherland	NOUN
ftr-365	716	80	0	0	NUM
ftr-365	716	81	%	%	NOUN
ftr-365	716	82	0	0	NUM
ftr-365	716	83	%	%	NOUN
ftr-365	716	84	20	20	NUM
ftr-365	716	85	%	%	NOUN
ftr-365	716	86	portugal	portugal	PROPN
ftr-365	716	87	10	10	NUM
ftr-365	716	88	%	%	NOUN
ftr-365	716	89	15	15	NUM
ftr-365	716	90	%	%	NOUN
ftr-365	716	91	10	10	NUM
ftr-365	716	92	%	%	NOUN
ftr-365	716	93	15	15	NUM
ftr-365	716	94	%	%	NOUN
ftr-365	716	95	spain	spain	NOUN
ftr-365	716	96	0	0	NUM
ftr-365	716	97	%	%	NOUN
ftr-365	716	98	15	15	NUM
ftr-365	716	99	%	%	NOUN
ftr-365	716	100	0	0	NUM
ftr-365	716	101	%	%	NOUN
ftr-365	716	102	15	15	NUM
ftr-365	716	103	%	%	NOUN
ftr-365	716	104	united	united	PROPN
ftr-365	716	105	kingdom	kingdom	PROPN
ftr-365	716	106	0	0	NUM
ftr-365	716	107	%	%	NOUN
ftr-365	716	108	25	25	NUM
ftr-365	716	109	%	%	NOUN
ftr-365	716	110	united	united	PROPN
ftr-365	716	111	states	states	PROPN
ftr-365	716	112	0	0	NUM
ftr-365	716	113	%	%	NOUN
ftr-365	716	114	30	30	NUM
ftr-365	716	115	%	%	NOUN
ftr-365	716	116	0	0	NUM
ftr-365	716	117	%	%	NOUN
ftr-365	716	118	30	30	NUM
ftr-365	716	119	%	%	NOUN
ftr-365	716	120	japan	japan	PROPN
ftr-365	716	121	0	0	NUM
ftr-365	716	122	%	%	NOUN
ftr-365	716	123	20	20	NUM
ftr-365	716	124	%	%	NOUN
ftr-365	716	125	0	0	NUM
ftr-365	716	126	%	%	NOUN
ftr-365	716	127	20	20	NUM
ftr-365	716	128	%	%	NOUN
ftr-365	716	129	australia	australia	PROPN
ftr-365	716	130	10%-12	10%-12	NUM
ftr-365	716	131	%	%	NOUN
ftr-365	716	132	15	15	NUM
ftr-365	716	133	%	%	NOUN
ftr-365	716	134	25	25	NUM
ftr-365	716	135	%	%	NOUN
ftr-365	716	136	new	new	PROPN
ftr-365	716	137	zealand	zealand	PROPN
ftr-365	716	138	10	10	NUM
ftr-365	716	139	%	%	NOUN
ftr-365	716	140	15	15	NUM
ftr-365	716	141	%	%	NOUN
ftr-365	716	142	15	15	NUM
ftr-365	716	143	%	%	NOUN
ftr-365	716	144	canada	canada	PROPN
ftr-365	716	145	0	0	NUM
ftr-365	716	146	%	%	NOUN
ftr-365	716	147	25	25	NUM
ftr-365	716	148	%	%	NOUN
ftr-365	716	149	0	0	NUM
ftr-365	716	150	%	%	NOUN
ftr-365	716	151	25	25	NUM
ftr-365	716	152	%	%	NOUN
ftr-365	716	153	russia	russia	NOUN
ftr-365	716	154	0	0	NUM
ftr-365	716	155	%	%	NOUN
ftr-365	716	156	15	15	NUM
ftr-365	716	157	%	%	NOUN
ftr-365	716	158	5	5	NUM
ftr-365	716	159	%	%	NOUN
ftr-365	716	160	15	15	NUM
ftr-365	716	161	%	%	NOUN
ftr-365	716	162	brazil	brazil	PROPN
ftr-365	716	163	12.5	12.5	NUM
ftr-365	716	164	%	%	NOUN
ftr-365	716	165	15	15	NUM
ftr-365	716	166	%	%	NOUN
ftr-365	716	167	0	0	NUM
ftr-365	716	168	%	%	NOUN
ftr-365	716	169	mexico	mexico	NOUN
ftr-365	716	170	4.9	4.9	NUM
ftr-365	716	171	%	%	NOUN
ftr-365	716	172	15	15	NUM
ftr-365	716	173	%	%	NOUN
ftr-365	716	174	0	0	NUM
ftr-365	716	175	%	%	NOUN
ftr-365	716	176	15	15	NUM
ftr-365	716	177	%	%	NOUN
ftr-365	716	178	other	other	ADJ
ftr-365	716	179	contracting	contracting	NOUN
ftr-365	716	180	state	state	NOUN
ftr-365	716	181	may	may	AUX
ftr-365	716	182	be	be	AUX
ftr-365	716	183	taxed	tax	VERB
ftr-365	716	184	in	in	ADP
ftr-365	716	185	that	that	DET
ftr-365	716	186	other	other	ADJ
ftr-365	716	187	state	state	NOUN
ftr-365	716	188	.	.	PUNCT
ftr-365	716	189	.	.	PUNCT
ftr-365	716	190	.	.	PUNCT
ftr-365	716	191	.	.	PUNCT
ftr-365	717	1	however	however	ADV
ftr-365	717	2	,	,	PUNCT
ftr-365	717	3	such	such	ADJ
ftr-365	717	4	interest	interest	NOUN
ftr-365	717	5	may	may	AUX
ftr-365	717	6	also	also	ADV
ftr-365	717	7	be	be	AUX
ftr-365	717	8	taxed	tax	VERB
ftr-365	717	9	in	in	ADP
ftr-365	717	10	the	the	DET
ftr-365	717	11	contracting	contracting	NOUN
ftr-365	717	12	state	state	NOUN
ftr-365	717	13	in	in	ADP
ftr-365	717	14	which	which	PRON
ftr-365	717	15	it	it	PRON
ftr-365	717	16	arises	arise	VERB
ftr-365	717	17	and	and	CCONJ
ftr-365	717	18	according	accord	VERB
ftr-365	717	19	to	to	ADP
ftr-365	717	20	the	the	DET
ftr-365	717	21	laws	law	NOUN
ftr-365	717	22	of	of	ADP
ftr-365	717	23	that	that	DET
ftr-365	717	24	state	state	NOUN
ftr-365	717	25	.	.	PUNCT
ftr-365	717	26	.	.	PUNCT
ftr-365	717	27	.	.	PUNCT
ftr-365	717	28	.	.	PUNCT
ftr-365	717	29	”	"	PUNCT
ftr-365	717	30	)	)	PUNCT
ftr-365	717	31	.	.	PUNCT
ftr-365	718	1	176	176	NUM
ftr-365	718	2	.	.	PUNCT
ftr-365	719	1	i	i	PRON
ftr-365	719	2	d.	d.	PROPN
ftr-365	719	3	see	see	VERB
ftr-365	719	4	oecd	oecd	PROPN
ftr-365	719	5	model	model	PROPN
ftr-365	719	6	treaty	treaty	PROPN
ftr-365	719	7	(	(	PUNCT
ftr-365	719	8	suggesting	suggest	VERB
ftr-365	719	9	rates	rate	NOUN
ftr-365	719	10	of	of	ADP
ftr-365	719	11	5	5	NUM
ftr-365	719	12	%	%	NOUN
ftr-365	719	13	to	to	PART
ftr-365	719	14	15	15	NUM
ftr-365	719	15	%	%	NOUN
ftr-365	719	16	on	on	ADP
ftr-365	719	17	dividends	dividend	NOUN
ftr-365	719	18	,	,	PUNCT
ftr-365	719	19	10	10	NUM
ftr-365	719	20	%	%	NOUN
ftr-365	719	21	on	on	ADP
ftr-365	719	22	interest	interest	NOUN
ftr-365	719	23	,	,	PUNCT
ftr-365	719	24	and	and	CCONJ
ftr-365	719	25	0	0	NUM
ftr-365	719	26	%	%	NOUN
ftr-365	719	27	on	on	ADP
ftr-365	719	28	royalties	royalty	NOUN
ftr-365	719	29	;	;	PUNCT
ftr-365	719	30	u.s	u.s	PROPN
ftr-365	719	31	.	.	PROPN
ftr-365	719	32	model	model	PROPN
ftr-365	719	33	treaty	treaty	PROPN
ftr-365	719	34	(	(	PUNCT
ftr-365	719	35	suggesting	suggest	VERB
ftr-365	719	36	rates	rate	NOUN
ftr-365	719	37	of	of	ADP
ftr-365	719	38	5	5	NUM
ftr-365	719	39	%	%	NOUN
ftr-365	719	40	to	to	PART
ftr-365	719	41	15	15	NUM
ftr-365	719	42	%	%	NOUN
ftr-365	719	43	on	on	ADP
ftr-365	719	44	dividends	dividend	NOUN
ftr-365	719	45	,	,	PUNCT
ftr-365	719	46	and	and	CCONJ
ftr-365	719	47	0	0	NUM
ftr-365	719	48	%	%	NOUN
ftr-365	719	49	on	on	ADP
ftr-365	719	50	interest	interest	NOUN
ftr-365	719	51	and	and	CCONJ
ftr-365	719	52	royalties	royalty	NOUN
ftr-365	719	53	)	)	PUNCT
ftr-365	719	54	.	.	PUNCT
ftr-365	720	1	177	177	NUM
ftr-365	720	2	.	.	PUNCT
ftr-365	721	1	i	i	PRON
ftr-365	721	2	d.	d.	PROPN
ftr-365	721	3	see	see	VERB
ftr-365	721	4	article	article	NOUN
ftr-365	721	5	13	13	NUM
ftr-365	721	6	of	of	ADP
ftr-365	721	7	all	all	DET
ftr-365	721	8	treaty	treaty	NOUN
ftr-365	721	9	models	model	NOUN
ftr-365	721	10	.	.	PUNCT
ftr-365	722	1	178	178	NUM
ftr-365	722	2	.	.	PUNCT
ftr-365	723	1	these	these	DET
ftr-365	723	2	numbers	number	NOUN
ftr-365	723	3	are	be	AUX
ftr-365	723	4	taken	take	VERB
ftr-365	723	5	from	from	ADP
ftr-365	723	6	ernst	ernst	PROPN
ftr-365	723	7	&	&	CCONJ
ftr-365	723	8	young	young	PROPN
ftr-365	723	9	’s	’s	PART
ftr-365	723	10	corporate	corporate	ADJ
ftr-365	723	11	tax	tax	NOUN
ftr-365	723	12	guide	guide	NOUN
ftr-365	723	13	(	(	PUNCT
ftr-365	723	14	2006	2006	NUM
ftr-365	723	15	)	)	PUNCT
ftr-365	723	16	.	.	PUNCT
ftr-365	724	1	2008	2008	NUM
ftr-365	724	2	]	]	PUNCT
ftr-365	725	1	the	the	DET
ftr-365	725	2	case	case	NOUN
ftr-365	725	3	for	for	ADP
ftr-365	725	4	residency	residency	NOUN
ftr-365	725	5	-	-	PUNCT
ftr-365	725	6	based	base	VERB
ftr-365	725	7	taxation	taxation	NOUN
ftr-365	725	8	33	33	NUM
ftr-365	725	9	argentina	argentina	NOUN
ftr-365	725	10	0	0	NUM
ftr-365	725	11	%	%	NOUN
ftr-365	725	12	20	20	NUM
ftr-365	725	13	%	%	NOUN
ftr-365	725	14	10	10	NUM
ftr-365	725	15	%	%	NOUN
ftr-365	725	16	15	15	NUM
ftr-365	725	17	%	%	NOUN
ftr-365	725	18	singapore	singapore	NOUN
ftr-365	725	19	0	0	NUM
ftr-365	725	20	%	%	NOUN
ftr-365	725	21	15	15	NUM
ftr-365	725	22	%	%	NOUN
ftr-365	725	23	country	country	NOUN
ftr-365	725	24	interest	interest	NOUN
ftr-365	725	25	(	(	PUNCT
ftr-365	725	26	w	w	NOUN
ftr-365	725	27	/	/	SYM
ftr-365	725	28	h	h	NOUN
ftr-365	725	29	)	)	PUNCT
ftr-365	725	30	dividends	dividend	NOUN
ftr-365	725	31	(	(	PUNCT
ftr-365	725	32	w	w	NOUN
ftr-365	725	33	/	/	SYM
ftr-365	725	34	h	h	NOUN
ftr-365	725	35	)	)	PUNCT
ftr-365	725	36	hong	hong	PROPN
ftr-365	725	37	kong	kong	PROPN
ftr-365	725	38	philippines	philippine	NOUN
ftr-365	725	39	10	10	NUM
ftr-365	725	40	%	%	NOUN
ftr-365	725	41	15	15	NUM
ftr-365	725	42	%	%	NOUN
ftr-365	725	43	15	15	NUM
ftr-365	725	44	%	%	NOUN
ftr-365	725	45	25	25	NUM
ftr-365	725	46	%	%	NOUN
ftr-365	725	47	norway	norway	NOUN
ftr-365	725	48	0	0	NUM
ftr-365	725	49	%	%	NOUN
ftr-365	725	50	25	25	NUM
ftr-365	725	51	%	%	NOUN
ftr-365	725	52	sweden	sweden	PROPN
ftr-365	725	53	0	0	NUM
ftr-365	725	54	%	%	NOUN
ftr-365	725	55	25	25	NUM
ftr-365	725	56	%	%	NOUN
ftr-365	725	57	switzerland	switzerland	NOUN
ftr-365	725	58	0	0	NUM
ftr-365	725	59	%	%	NOUN
ftr-365	725	60	15	15	NUM
ftr-365	725	61	%	%	NOUN
ftr-365	725	62	0	0	NUM
ftr-365	725	63	%	%	NOUN
ftr-365	725	64	15	15	NUM
ftr-365	725	65	%	%	NOUN
ftr-365	725	66	as	as	SCONJ
ftr-365	725	67	set	set	VERB
ftr-365	725	68	forth	forth	ADP
ftr-365	725	69	above	above	ADV
ftr-365	725	70	,	,	PUNCT
ftr-365	725	71	the	the	DET
ftr-365	725	72	enactment	enactment	NOUN
ftr-365	725	73	of	of	ADP
ftr-365	725	74	the	the	DET
ftr-365	725	75	portfolio	portfolio	NOUN
ftr-365	725	76	interest	interest	NOUN
ftr-365	725	77	exemption	exemption	NOUN
ftr-365	725	78	clearly	clearly	ADV
ftr-365	725	79	achieved	achieve	VERB
ftr-365	725	80	its	its	PRON
ftr-365	725	81	goal	goal	NOUN
ftr-365	725	82	in	in	ADP
ftr-365	725	83	the	the	DET
ftr-365	725	84	united	united	PROPN
ftr-365	725	85	states	states	PROPN
ftr-365	725	86	.	.	PUNCT
ftr-365	726	1	179	179	NUM
ftr-365	726	2	developing	develop	VERB
ftr-365	726	3	countries	country	NOUN
ftr-365	726	4	have	have	VERB
ftr-365	726	5	even	even	ADV
ftr-365	726	6	more	more	ADJ
ftr-365	726	7	incentive	incentive	NOUN
ftr-365	726	8	to	to	PART
ftr-365	726	9	follow	follow	VERB
ftr-365	726	10	these	these	DET
ftr-365	726	11	rules	rule	NOUN
ftr-365	726	12	.	.	PUNCT
ftr-365	727	1	180	180	NUM
ftr-365	727	2	as	as	ADP
ftr-365	727	3	two	two	NUM
ftr-365	727	4	commentators	commentator	NOUN
ftr-365	727	5	indicate	indicate	VERB
ftr-365	727	6	:	:	PUNCT
ftr-365	727	7	high	high	ADJ
ftr-365	727	8	tax	tax	NOUN
ftr-365	727	9	rates	rate	NOUN
ftr-365	727	10	are	be	AUX
ftr-365	727	11	more	more	ADV
ftr-365	727	12	difficult	difficult	ADJ
ftr-365	727	13	to	to	PART
ftr-365	727	14	sustain	sustain	VERB
ftr-365	727	15	in	in	ADP
ftr-365	727	16	the	the	DET
ftr-365	727	17	new	new	ADJ
ftr-365	727	18	economic	economic	ADJ
ftr-365	727	19	environment	environment	NOUN
ftr-365	727	20	.	.	PUNCT
ftr-365	728	1	that	that	PRON
ftr-365	728	2	is	be	AUX
ftr-365	728	3	particularly	particularly	ADV
ftr-365	728	4	true	true	ADJ
ftr-365	728	5	for	for	ADP
ftr-365	728	6	taxes	taxis	NOUN
ftr-365	728	7	on	on	ADP
ftr-365	728	8	capital	capital	NOUN
ftr-365	728	9	,	,	PUNCT
ftr-365	728	10	which	which	PRON
ftr-365	728	11	include	include	VERB
ftr-365	728	12	taxes	taxis	NOUN
ftr-365	728	13	on	on	ADP
ftr-365	728	14	business	business	NOUN
ftr-365	728	15	profits	profit	NOUN
ftr-365	728	16	and	and	CCONJ
ftr-365	728	17	taxes	taxis	NOUN
ftr-365	728	18	on	on	ADP
ftr-365	728	19	individual	individual	ADJ
ftr-365	728	20	receipts	receipt	NOUN
ftr-365	728	21	of	of	ADP
ftr-365	728	22	dividends	dividend	NOUN
ftr-365	728	23	,	,	PUNCT
ftr-365	728	24	interest	interest	NOUN
ftr-365	728	25	,	,	PUNCT
ftr-365	728	26	and	and	CCONJ
ftr-365	728	27	capital	capital	NOUN
ftr-365	728	28	gains	gain	NOUN
ftr-365	728	29	.	.	PUNCT
ftr-365	729	1	basic	basic	ADJ
ftr-365	729	2	economic	economic	ADJ
ftr-365	729	3	theory	theory	NOUN
ftr-365	729	4	suggests	suggest	VERB
ftr-365	729	5	that	that	SCONJ
ftr-365	729	6	high	high	ADJ
ftr-365	729	7	taxes	taxis	NOUN
ftr-365	729	8	on	on	ADP
ftr-365	729	9	capital	capital	NOUN
ftr-365	729	10	create	create	VERB
ftr-365	729	11	an	an	DET
ftr-365	729	12	increasing	increase	VERB
ftr-365	729	13	drag	drag	NOUN
ftr-365	729	14	on	on	ADP
ftr-365	729	15	growth	growth	NOUN
ftr-365	729	16	as	as	ADP
ftr-365	729	17	capital	capital	NOUN
ftr-365	729	18	mobility	mobility	NOUN
ftr-365	729	19	increases	increase	NOUN
ftr-365	729	20	.	.	PUNCT
ftr-365	730	1	high	high	ADJ
ftr-365	730	2	taxation	taxation	NOUN
ftr-365	730	3	of	of	ADP
ftr-365	730	4	capital	capital	NOUN
ftr-365	730	5	causes	cause	VERB
ftr-365	730	6	capital	capital	NOUN
ftr-365	730	7	flight	flight	NOUN
ftr-365	730	8	,	,	PUNCT
ftr-365	730	9	thus	thus	ADV
ftr-365	730	10	reducing	reduce	VERB
ftr-365	730	11	domestic	domestic	ADJ
ftr-365	730	12	productivity	productivity	NOUN
ftr-365	730	13	,	,	PUNCT
ftr-365	730	14	wages	wage	NOUN
ftr-365	730	15	,	,	PUNCT
ftr-365	730	16	and	and	CCONJ
ftr-365	730	17	incomes	income	NOUN
ftr-365	730	18	.	.	PUNCT
ftr-365	731	1	181	181	NUM
ftr-365	731	2	when	when	SCONJ
ftr-365	731	3	the	the	DET
ftr-365	731	4	source	source	NOUN
ftr-365	731	5	country	country	NOUN
ftr-365	731	6	attempts	attempt	VERB
ftr-365	731	7	to	to	PART
ftr-365	731	8	impose	impose	VERB
ftr-365	731	9	tax	tax	NOUN
ftr-365	731	10	on	on	ADP
ftr-365	731	11	interest	interest	NOUN
ftr-365	731	12	and	and	CCONJ
ftr-365	731	13	dividends	dividend	NOUN
ftr-365	731	14	derived	derive	VERB
ftr-365	731	15	by	by	ADP
ftr-365	731	16	foreign	foreign	ADJ
ftr-365	731	17	investors	investor	NOUN
ftr-365	731	18	in	in	ADP
ftr-365	731	19	domestic	domestic	ADJ
ftr-365	731	20	bonds	bond	NOUN
ftr-365	731	21	and	and	CCONJ
ftr-365	731	22	stock	stock	NOUN
ftr-365	731	23	,	,	PUNCT
ftr-365	731	24	the	the	DET
ftr-365	731	25	after	after	ADP
ftr-365	731	26	-	-	PUNCT
ftr-365	731	27	tax	tax	NOUN
ftr-365	731	28	return	return	NOUN
ftr-365	731	29	for	for	ADP
ftr-365	731	30	the	the	DET
ftr-365	731	31	foreign	foreign	ADJ
ftr-365	731	32	investors	investor	NOUN
ftr-365	731	33	will	will	AUX
ftr-365	731	34	be	be	AUX
ftr-365	731	35	reduced	reduce	VERB
ftr-365	731	36	by	by	ADP
ftr-365	731	37	virtue	virtue	NOUN
ftr-365	731	38	of	of	ADP
ftr-365	731	39	the	the	DET
ftr-365	731	40	withholding	withholding	NOUN
ftr-365	731	41	tax	tax	NOUN
ftr-365	731	42	,	,	PUNCT
ftr-365	731	43	179	179	NUM
ftr-365	731	44	.	.	PUNCT
ftr-365	732	1	dan	dan	PROPN
ftr-365	732	2	r.	r.	PROPN
ftr-365	732	3	mastromarco	mastromarco	PROPN
ftr-365	732	4	and	and	CCONJ
ftr-365	732	5	lawrence	lawrence	PROPN
ftr-365	732	6	a.	a.	NOUN
ftr-365	732	7	hunter	hunter	PROPN
ftr-365	732	8	,	,	PUNCT
ftr-365	732	9	the	the	DET
ftr-365	732	10	u.s	u.s	PROPN
ftr-365	732	11	.	.	PROPN
ftr-365	732	12	anti	anti	ADJ
ftr-365	732	13	-	-	ADJ
ftr-365	732	14	savings	savings	ADJ
ftr-365	732	15	directive	directive	NOUN
ftr-365	732	16	,	,	PUNCT
ftr-365	732	17	2002	2002	NUM
ftr-365	732	18	tnt	tnt	PROPN
ftr-365	732	19	247	247	NUM
ftr-365	732	20	-	-	SYM
ftr-365	732	21	28	28	NUM
ftr-365	732	22	(	(	PUNCT
ftr-365	732	23	“	"	PUNCT
ftr-365	732	24	for	for	ADP
ftr-365	732	25	nearly	nearly	ADV
ftr-365	732	26	two	two	NUM
ftr-365	732	27	decades	decade	NOUN
ftr-365	732	28	,	,	PUNCT
ftr-365	732	29	u.s	u.s	PROPN
ftr-365	732	30	.	.	PROPN
ftr-365	732	31	law	law	NOUN
ftr-365	732	32	has	have	AUX
ftr-365	732	33	encouraged	encourage	VERB
ftr-365	732	34	foreigners	foreigner	NOUN
ftr-365	732	35	to	to	PART
ftr-365	732	36	invest	invest	VERB
ftr-365	732	37	in	in	ADP
ftr-365	732	38	u.s	u.s	PROPN
ftr-365	732	39	.	.	PROPN
ftr-365	732	40	banks	bank	NOUN
ftr-365	732	41	and	and	CCONJ
ftr-365	732	42	debt	debt	NOUN
ftr-365	732	43	securities	security	NOUN
ftr-365	732	44	by	by	ADP
ftr-365	732	45	imposing	impose	VERB
ftr-365	732	46	no	no	DET
ftr-365	732	47	tax	tax	NOUN
ftr-365	732	48	on	on	ADP
ftr-365	732	49	interest	interest	NOUN
ftr-365	732	50	earned	earn	VERB
ftr-365	732	51	on	on	ADP
ftr-365	732	52	foreign	foreign	ADJ
ftr-365	732	53	deposits	deposit	NOUN
ftr-365	732	54	,	,	PUNCT
ftr-365	732	55	except	except	SCONJ
ftr-365	732	56	in	in	ADP
ftr-365	732	57	very	very	ADV
ftr-365	732	58	narrow	narrow	ADJ
ftr-365	732	59	circumstances	circumstance	NOUN
ftr-365	732	60	.	.	PUNCT
ftr-365	733	1	the	the	DET
ftr-365	733	2	policy	policy	NOUN
ftr-365	733	3	is	be	AUX
ftr-365	733	4	estimated	estimate	VERB
ftr-365	733	5	to	to	PART
ftr-365	733	6	have	have	AUX
ftr-365	733	7	attracted	attract	VERB
ftr-365	733	8	approximately	approximately	ADV
ftr-365	733	9	$	$	SYM
ftr-365	733	10	1	1	NUM
ftr-365	733	11	trillion	trillion	NUM
ftr-365	733	12	to	to	ADP
ftr-365	733	13	the	the	DET
ftr-365	733	14	united	united	PROPN
ftr-365	733	15	states	states	PROPN
ftr-365	733	16	.	.	PUNCT
ftr-365	734	1	reversing	reverse	VERB
ftr-365	734	2	this	this	DET
ftr-365	734	3	policy	policy	NOUN
ftr-365	734	4	risks	risk	NOUN
ftr-365	734	5	driving	drive	VERB
ftr-365	734	6	hundreds	hundred	NOUN
ftr-365	734	7	of	of	ADP
ftr-365	734	8	billions	billion	NOUN
ftr-365	734	9	of	of	ADP
ftr-365	734	10	dollars	dollar	NOUN
ftr-365	734	11	out	out	ADP
ftr-365	734	12	of	of	ADP
ftr-365	734	13	the	the	DET
ftr-365	734	14	united	united	PROPN
ftr-365	734	15	states	states	PROPN
ftr-365	734	16	.	.	PUNCT
ftr-365	734	17	”	"	PUNCT
ftr-365	734	18	)	)	PUNCT
ftr-365	734	19	.	.	PUNCT
ftr-365	735	1	180	180	NUM
ftr-365	735	2	.	.	PUNCT
ftr-365	735	3	see	see	VERB
ftr-365	735	4	avi	avi	PROPN
ftr-365	735	5	-	-	PUNCT
ftr-365	735	6	yonah	yonah	NOUN
ftr-365	735	7	(	(	PUNCT
ftr-365	735	8	2000	2000	NUM
ftr-365	735	9	)	)	PUNCT
ftr-365	735	10	,	,	PUNCT
ftr-365	735	11	supra	supra	PROPN
ftr-365	735	12	note	note	NOUN
ftr-365	735	13	3	3	NUM
ftr-365	735	14	,	,	PUNCT
ftr-365	735	15	at	at	ADP
ftr-365	735	16	1582	1582	NUM
ftr-365	735	17	(	(	PUNCT
ftr-365	735	18	“	"	PUNCT
ftr-365	735	19	the	the	DET
ftr-365	735	20	standard	standard	ADJ
ftr-365	735	21	economic	economic	ADJ
ftr-365	735	22	advice	advice	NOUN
ftr-365	735	23	to	to	ADP
ftr-365	735	24	small	small	ADJ
ftr-365	735	25	,	,	PUNCT
ftr-365	735	26	open	open	ADJ
ftr-365	735	27	economies	economy	NOUN
ftr-365	735	28	is	be	AUX
ftr-365	735	29	to	to	PART
ftr-365	735	30	avoid	avoid	VERB
ftr-365	735	31	taxing	tax	VERB
ftr-365	735	32	capital	capital	NOUN
ftr-365	735	33	income	income	NOUN
ftr-365	735	34	at	at	ADP
ftr-365	735	35	its	its	PRON
ftr-365	735	36	source	source	NOUN
ftr-365	735	37	,	,	PUNCT
ftr-365	735	38	because	because	SCONJ
ftr-365	735	39	the	the	DET
ftr-365	735	40	tax	tax	NOUN
ftr-365	735	41	will	will	AUX
ftr-365	735	42	be	be	AUX
ftr-365	735	43	shifted	shift	VERB
ftr-365	735	44	forward	forward	ADV
ftr-365	735	45	to	to	ADP
ftr-365	735	46	the	the	DET
ftr-365	735	47	borrowers	borrower	NOUN
ftr-365	735	48	and	and	CCONJ
ftr-365	735	49	result	result	VERB
ftr-365	735	50	in	in	ADP
ftr-365	735	51	higher	high	ADJ
ftr-365	735	52	domestic	domestic	ADJ
ftr-365	735	53	interest	interest	NOUN
ftr-365	735	54	rates	rate	NOUN
ftr-365	735	55	.	.	PUNCT
ftr-365	735	56	”	"	PUNCT
ftr-365	735	57	)	)	PUNCT
ftr-365	735	58	.	.	PUNCT
ftr-365	736	1	181	181	X
ftr-365	736	2	.	.	PUNCT
ftr-365	737	1	see	see	VERB
ftr-365	737	2	edwards	edwards	PROPN
ftr-365	737	3	and	and	CCONJ
ftr-365	737	4	de	de	X
ftr-365	737	5	rugy	rugy	NOUN
ftr-365	737	6	,	,	PUNCT
ftr-365	737	7	supra	supra	NOUN
ftr-365	737	8	note	note	NOUN
ftr-365	737	9	3	3	X
ftr-365	737	10	.	.	PUNCT
ftr-365	738	1	the	the	DET
ftr-365	738	2	authors	author	NOUN
ftr-365	738	3	quote	quote	INTJ
ftr-365	738	4	from	from	ADP
ftr-365	738	5	the	the	DET
ftr-365	738	6	1991	1991	NUM
ftr-365	738	7	oecd	oecd	PROPN
ftr-365	738	8	report	report	NOUN
ftr-365	738	9	:	:	PUNCT
ftr-365	738	10	“	"	PUNCT
ftr-365	738	11	a	a	DET
ftr-365	738	12	domestic	domestic	ADJ
ftr-365	738	13	corporate	corporate	ADJ
ftr-365	738	14	tax	tax	NOUN
ftr-365	738	15	increase	increase	NOUN
ftr-365	738	16	will	will	AUX
ftr-365	738	17	therefore	therefore	ADV
ftr-365	738	18	tend	tend	VERB
ftr-365	738	19	to	to	PART
ftr-365	738	20	cause	cause	VERB
ftr-365	738	21	an	an	DET
ftr-365	738	22	outflow	outflow	NOUN
ftr-365	738	23	of	of	ADP
ftr-365	738	24	corporate	corporate	ADJ
ftr-365	738	25	capital	capital	NOUN
ftr-365	738	26	,	,	PUNCT
ftr-365	738	27	and	and	CCONJ
ftr-365	738	28	in	in	ADP
ftr-365	738	29	the	the	DET
ftr-365	738	30	long	long	ADJ
ftr-365	738	31	run	run	NOUN
ftr-365	738	32	,	,	PUNCT
ftr-365	738	33	the	the	DET
ftr-365	738	34	resulting	result	VERB
ftr-365	738	35	shortage	shortage	NOUN
ftr-365	738	36	of	of	ADP
ftr-365	738	37	capital	capital	NOUN
ftr-365	738	38	in	in	ADP
ftr-365	738	39	the	the	DET
ftr-365	738	40	domestic	domestic	ADJ
ftr-365	738	41	economy	economy	NOUN
ftr-365	738	42	will	will	AUX
ftr-365	738	43	drive	drive	VERB
ftr-365	738	44	up	up	ADP
ftr-365	738	45	the	the	DET
ftr-365	738	46	pre	pre	ADJ
ftr-365	738	47	-	-	ADJ
ftr-365	738	48	tax	tax	ADJ
ftr-365	738	49	rate	rate	NOUN
ftr-365	738	50	of	of	ADP
ftr-365	738	51	return	return	NOUN
ftr-365	738	52	to	to	ADP
ftr-365	738	53	wage	wage	NOUN
ftr-365	738	54	earners	earner	NOUN
ftr-365	738	55	,	,	PUNCT
ftr-365	738	56	because	because	SCONJ
ftr-365	738	57	the	the	DET
ftr-365	738	58	lower	low	ADJ
ftr-365	738	59	capital	capital	NOUN
ftr-365	738	60	intensity	intensity	NOUN
ftr-365	738	61	of	of	ADP
ftr-365	738	62	domestic	domestic	ADJ
ftr-365	738	63	production	production	NOUN
ftr-365	738	64	will	will	AUX
ftr-365	738	65	reduce	reduce	VERB
ftr-365	738	66	labour	labour	ADJ
ftr-365	738	67	productivity	productivity	NOUN
ftr-365	738	68	and	and	CCONJ
ftr-365	738	69	real	real	ADJ
ftr-365	738	70	wage	wage	NOUN
ftr-365	738	71	rates	rate	NOUN
ftr-365	738	72	.	.	PUNCT
ftr-365	739	1	part	part	NOUN
ftr-365	739	2	of	of	ADP
ftr-365	739	3	the	the	DET
ftr-365	739	4	burden	burden	NOUN
ftr-365	739	5	may	may	AUX
ftr-365	739	6	also	also	ADV
ftr-365	739	7	fall	fall	VERB
ftr-365	739	8	on	on	ADP
ftr-365	739	9	owners	owner	NOUN
ftr-365	739	10	of	of	ADP
ftr-365	739	11	immobile	immobile	ADJ
ftr-365	739	12	factors	factor	NOUN
ftr-365	739	13	of	of	ADP
ftr-365	739	14	production	production	NOUN
ftr-365	739	15	such	such	ADJ
ftr-365	739	16	as	as	ADP
ftr-365	739	17	falling	fall	VERB
ftr-365	739	18	land	land	NOUN
ftr-365	739	19	rents	rent	NOUN
ftr-365	739	20	and	and	CCONJ
ftr-365	739	21	land	land	NOUN
ftr-365	739	22	prices	price	NOUN
ftr-365	739	23	.	.	PUNCT
ftr-365	739	24	”	"	PUNCT
ftr-365	740	1	organization	organization	NOUN
ftr-365	740	2	for	for	ADP
ftr-365	740	3	economic	economic	ADJ
ftr-365	740	4	cooperation	cooperation	NOUN
ftr-365	740	5	and	and	CCONJ
ftr-365	740	6	development	development	NOUN
ftr-365	740	7	,	,	PUNCT
ftr-365	740	8	taxing	tax	VERB
ftr-365	740	9	profits	profit	NOUN
ftr-365	740	10	in	in	ADP
ftr-365	740	11	a	a	DET
ftr-365	740	12	global	global	ADJ
ftr-365	740	13	economy	economy	NOUN
ftr-365	740	14	(	(	PUNCT
ftr-365	740	15	paris	paris	PROPN
ftr-365	740	16	:	:	PUNCT
ftr-365	740	17	oecd	oecd	PROPN
ftr-365	740	18	,	,	PUNCT
ftr-365	740	19	1991	1991	NUM
ftr-365	740	20	)	)	PUNCT
ftr-365	740	21	,	,	PUNCT
ftr-365	740	22	at	at	ADP
ftr-365	740	23	34	34	NUM
ftr-365	740	24	.	.	PUNCT
ftr-365	741	1	34	34	NUM
ftr-365	741	2	florida	florida	PROPN
ftr-365	741	3	tax	tax	NOUN
ftr-365	741	4	review	review	NOUN
ftr-365	741	5	[	[	X
ftr-365	741	6	vol	vol	NOUN
ftr-365	741	7	.	.	PUNCT
ftr-365	741	8	9:1	9:1	NUM
ftr-365	742	1	and	and	CCONJ
ftr-365	742	2	this	this	PRON
ftr-365	742	3	will	will	AUX
ftr-365	742	4	create	create	VERB
ftr-365	742	5	a	a	DET
ftr-365	742	6	disincentive	disincentive	ADJ
ftr-365	742	7	to	to	PART
ftr-365	742	8	invest	invest	VERB
ftr-365	742	9	in	in	ADP
ftr-365	742	10	the	the	DET
ftr-365	742	11	source	source	NOUN
ftr-365	742	12	country	country	NOUN
ftr-365	742	13	.	.	PUNCT
ftr-365	743	1	182	182	NUM
ftr-365	743	2	this	this	PRON
ftr-365	743	3	is	be	AUX
ftr-365	743	4	particularly	particularly	ADV
ftr-365	743	5	true	true	ADJ
ftr-365	743	6	for	for	ADP
ftr-365	743	7	small	small	ADJ
ftr-365	743	8	open	open	ADJ
ftr-365	743	9	economies	economy	NOUN
ftr-365	743	10	such	such	ADJ
ftr-365	743	11	as	as	ADP
ftr-365	743	12	country	country	NOUN
ftr-365	743	13	d	d	NOUN
ftr-365	743	14	,	,	PUNCT
ftr-365	743	15	which	which	PRON
ftr-365	743	16	generally	generally	ADV
ftr-365	743	17	accept	accept	VERB
ftr-365	743	18	world	world	NOUN
ftr-365	743	19	interest	interest	NOUN
ftr-365	743	20	rates	rate	NOUN
ftr-365	743	21	as	as	ADP
ftr-365	743	22	a	a	DET
ftr-365	743	23	given	give	VERB
ftr-365	743	24	.	.	PUNCT
ftr-365	744	1	183	183	NUM
ftr-365	744	2	heavy	heavy	ADJ
ftr-365	744	3	tax	tax	NOUN
ftr-365	744	4	burden	burden	NOUN
ftr-365	744	5	will	will	AUX
ftr-365	744	6	be	be	AUX
ftr-365	744	7	an	an	DET
ftr-365	744	8	unwarranted	unwarranted	ADJ
ftr-365	744	9	result	result	NOUN
ftr-365	744	10	for	for	ADP
ftr-365	744	11	developing	develop	VERB
ftr-365	744	12	countries	country	NOUN
ftr-365	744	13	that	that	PRON
ftr-365	744	14	strive	strive	VERB
ftr-365	744	15	for	for	ADP
ftr-365	744	16	foreign	foreign	ADJ
ftr-365	744	17	investment	investment	NOUN
ftr-365	744	18	.	.	PUNCT
ftr-365	745	1	furthermore	furthermore	ADV
ftr-365	745	2	,	,	PUNCT
ftr-365	745	3	as	as	SCONJ
ftr-365	745	4	set	set	VERB
ftr-365	745	5	forth	forth	ADV
ftr-365	745	6	above	above	ADV
ftr-365	745	7	,	,	PUNCT
ftr-365	745	8	residencybased	residencybase	VERB
ftr-365	745	9	taxation	taxation	NOUN
ftr-365	745	10	promotes	promote	VERB
ftr-365	745	11	cen	cen	NOUN
ftr-365	745	12	,	,	PUNCT
ftr-365	745	13	and	and	CCONJ
ftr-365	745	14	with	with	ADP
ftr-365	745	15	respect	respect	NOUN
ftr-365	745	16	to	to	ADP
ftr-365	745	17	passive	passive	ADJ
ftr-365	745	18	income	income	NOUN
ftr-365	745	19	,	,	PUNCT
ftr-365	745	20	it	it	PRON
ftr-365	745	21	is	be	AUX
ftr-365	745	22	even	even	ADV
ftr-365	745	23	clearer	clear	ADJ
ftr-365	745	24	.	.	PUNCT
ftr-365	746	1	184	184	NUM
ftr-365	746	2	taxation	taxation	NOUN
ftr-365	746	3	of	of	ADP
ftr-365	746	4	portfolio	portfolio	NOUN
ftr-365	746	5	investment	investment	NOUN
ftr-365	746	6	by	by	ADP
ftr-365	746	7	residency	residency	NOUN
ftr-365	746	8	countries	country	NOUN
ftr-365	746	9	has	have	AUX
ftr-365	746	10	been	be	AUX
ftr-365	746	11	viewed	view	VERB
ftr-365	746	12	by	by	ADP
ftr-365	746	13	many	many	ADJ
ftr-365	746	14	commentators	commentator	NOUN
ftr-365	746	15	as	as	ADP
ftr-365	746	16	the	the	DET
ftr-365	746	17	most	most	ADV
ftr-365	746	18	efficient	efficient	ADJ
ftr-365	746	19	regime	regime	NOUN
ftr-365	746	20	:	:	PUNCT
ftr-365	746	21	from	from	ADP
ftr-365	746	22	the	the	DET
ftr-365	746	23	point	point	NOUN
ftr-365	746	24	of	of	ADP
ftr-365	746	25	view	view	NOUN
ftr-365	746	26	of	of	ADP
ftr-365	746	27	worldwide	worldwide	ADJ
ftr-365	746	28	efficiency	efficiency	NOUN
ftr-365	746	29	,	,	PUNCT
ftr-365	746	30	there	there	PRON
ftr-365	746	31	would	would	AUX
ftr-365	746	32	seem	seem	VERB
ftr-365	746	33	to	to	PART
ftr-365	746	34	be	be	AUX
ftr-365	746	35	no	no	DET
ftr-365	746	36	reason	reason	NOUN
ftr-365	746	37	for	for	SCONJ
ftr-365	746	38	tax	tax	NOUN
ftr-365	746	39	rules	rule	NOUN
ftr-365	746	40	to	to	PART
ftr-365	746	41	distort	distort	VERB
ftr-365	746	42	the	the	DET
ftr-365	746	43	decisions	decision	NOUN
ftr-365	746	44	of	of	ADP
ftr-365	746	45	portfolio	portfolio	NOUN
ftr-365	746	46	investors	investor	NOUN
ftr-365	746	47	.	.	PUNCT
ftr-365	747	1	if	if	SCONJ
ftr-365	747	2	a	a	DET
ftr-365	747	3	foreign	foreign	ADJ
ftr-365	747	4	equity	equity	NOUN
ftr-365	747	5	or	or	CCONJ
ftr-365	747	6	debt	debt	NOUN
ftr-365	747	7	investment	investment	NOUN
ftr-365	747	8	offers	offer	VERB
ftr-365	747	9	an	an	DET
ftr-365	747	10	investor	investor	NOUN
ftr-365	747	11	a	a	DET
ftr-365	747	12	higher	high	ADJ
ftr-365	747	13	rate	rate	NOUN
ftr-365	747	14	of	of	ADP
ftr-365	747	15	return	return	NOUN
ftr-365	747	16	than	than	ADP
ftr-365	747	17	a	a	DET
ftr-365	747	18	domestic	domestic	ADJ
ftr-365	747	19	one	one	NOUN
ftr-365	747	20	,	,	PUNCT
ftr-365	747	21	it	it	PRON
ftr-365	747	22	is	be	AUX
ftr-365	747	23	reasonable	reasonable	ADJ
ftr-365	747	24	to	to	PART
ftr-365	747	25	conclude	conclude	VERB
ftr-365	747	26	that	that	SCONJ
ftr-365	747	27	the	the	DET
ftr-365	747	28	money	money	NOUN
ftr-365	747	29	can	can	AUX
ftr-365	747	30	best	well	ADV
ftr-365	747	31	be	be	AUX
ftr-365	747	32	used	use	VERB
ftr-365	747	33	abroad	abroad	ADV
ftr-365	747	34	.	.	PUNCT
ftr-365	748	1	thus	thus	ADV
ftr-365	748	2	,	,	PUNCT
ftr-365	748	3	the	the	DET
ftr-365	748	4	best	good	ADJ
ftr-365	748	5	tax	tax	NOUN
ftr-365	748	6	regime	regime	NOUN
ftr-365	748	7	would	would	AUX
ftr-365	748	8	seem	seem	VERB
ftr-365	748	9	to	to	PART
ftr-365	748	10	be	be	AUX
ftr-365	748	11	one	one	NUM
ftr-365	748	12	that	that	PRON
ftr-365	748	13	taxed	tax	VERB
ftr-365	748	14	investors	investor	NOUN
ftr-365	748	15	the	the	DET
ftr-365	748	16	same	same	ADJ
ftr-365	748	17	whether	whether	SCONJ
ftr-365	748	18	they	they	PRON
ftr-365	748	19	choose	choose	VERB
ftr-365	748	20	the	the	DET
ftr-365	748	21	foreign	foreign	ADJ
ftr-365	748	22	or	or	CCONJ
ftr-365	748	23	domestic	domestic	ADJ
ftr-365	748	24	security	security	NOUN
ftr-365	748	25	.	.	PUNCT
ftr-365	749	1	in	in	ADP
ftr-365	749	2	short	short	ADJ
ftr-365	749	3	,	,	PUNCT
ftr-365	749	4	the	the	DET
ftr-365	749	5	cen	cen	NOUN
ftr-365	749	6	approach	approach	NOUN
ftr-365	749	7	can	can	AUX
ftr-365	749	8	be	be	AUX
ftr-365	749	9	resuscitated	resuscitate	VERB
ftr-365	749	10	as	as	ADP
ftr-365	749	11	a	a	DET
ftr-365	749	12	solid	solid	ADJ
ftr-365	749	13	basis	basis	NOUN
ftr-365	749	14	for	for	ADP
ftr-365	749	15	taxation	taxation	NOUN
ftr-365	749	16	of	of	ADP
ftr-365	749	17	income	income	NOUN
ftr-365	749	18	from	from	ADP
ftr-365	749	19	portfolio	portfolio	NOUN
ftr-365	749	20	investments	investment	NOUN
ftr-365	749	21	.	.	PUNCT
ftr-365	750	1	185	185	NUM
ftr-365	750	2	nevertheless	nevertheless	ADV
ftr-365	750	3	,	,	PUNCT
ftr-365	750	4	while	while	SCONJ
ftr-365	750	5	normally	normally	ADV
ftr-365	750	6	,	,	PUNCT
ftr-365	750	7	interest	interest	NOUN
ftr-365	750	8	income	income	NOUN
ftr-365	750	9	is	be	AUX
ftr-365	750	10	taxed	tax	VERB
ftr-365	750	11	by	by	ADP
ftr-365	750	12	the	the	DET
ftr-365	750	13	residency	residency	NOUN
ftr-365	750	14	country	country	NOUN
ftr-365	750	15	,	,	PUNCT
ftr-365	750	16	it	it	PRON
ftr-365	750	17	could	could	AUX
ftr-365	750	18	be	be	AUX
ftr-365	750	19	avoided	avoid	VERB
ftr-365	750	20	by	by	ADP
ftr-365	750	21	establishing	establish	VERB
ftr-365	750	22	a	a	DET
ftr-365	750	23	company	company	NOUN
ftr-365	750	24	in	in	ADP
ftr-365	750	25	a	a	DET
ftr-365	750	26	tax	tax	NOUN
ftr-365	750	27	haven	haven	NOUN
ftr-365	750	28	,	,	PUNCT
ftr-365	750	29	which	which	PRON
ftr-365	750	30	does	do	AUX
ftr-365	750	31	not	not	PART
ftr-365	750	32	have	have	VERB
ftr-365	750	33	withholding	withhold	VERB
ftr-365	750	34	on	on	ADP
ftr-365	750	35	interest	interest	NOUN
ftr-365	750	36	.	.	PUNCT
ftr-365	751	1	it	it	PRON
ftr-365	751	2	is	be	AUX
ftr-365	751	3	also	also	ADV
ftr-365	751	4	common	common	ADJ
ftr-365	751	5	for	for	ADP
ftr-365	751	6	residency	residency	NOUN
ftr-365	751	7	countries	country	NOUN
ftr-365	751	8	not	not	PART
ftr-365	751	9	to	to	PART
ftr-365	751	10	have	have	VERB
ftr-365	751	11	adequate	adequate	ADJ
ftr-365	751	12	resources	resource	NOUN
ftr-365	751	13	to	to	PART
ftr-365	751	14	enforce	enforce	VERB
ftr-365	751	15	their	their	PRON
ftr-365	751	16	rights	right	NOUN
ftr-365	751	17	to	to	PART
ftr-365	751	18	tax	tax	VERB
ftr-365	751	19	the	the	DET
ftr-365	751	20	income	income	NOUN
ftr-365	751	21	that	that	PRON
ftr-365	751	22	was	be	AUX
ftr-365	751	23	182	182	NUM
ftr-365	751	24	.	.	PUNCT
ftr-365	752	1	leif	leif	NOUN
ftr-365	752	2	muten	muten	PROPN
ftr-365	752	3	,	,	PUNCT
ftr-365	752	4	international	international	ADJ
ftr-365	752	5	experience	experience	NOUN
ftr-365	752	6	of	of	ADP
ftr-365	752	7	how	how	SCONJ
ftr-365	752	8	taxes	taxis	NOUN
ftr-365	752	9	influence	influence	VERB
ftr-365	752	10	the	the	DET
ftr-365	752	11	movement	movement	NOUN
ftr-365	752	12	of	of	ADP
ftr-365	752	13	private	private	ADJ
ftr-365	752	14	capital	capital	NOUN
ftr-365	752	15	,	,	PUNCT
ftr-365	752	16	8	8	NUM
ftr-365	752	17	tax	tax	NOUN
ftr-365	752	18	notes	note	NOUN
ftr-365	752	19	int’l	int’l	NOUN
ftr-365	752	20	743	743	NUM
ftr-365	752	21	,	,	PUNCT
ftr-365	752	22	744	744	NUM
ftr-365	752	23	(	(	PUNCT
ftr-365	752	24	1994	1994	NUM
ftr-365	752	25	)	)	PUNCT
ftr-365	752	26	(	(	PUNCT
ftr-365	752	27	“	"	PUNCT
ftr-365	752	28	if	if	SCONJ
ftr-365	752	29	the	the	DET
ftr-365	752	30	goal	goal	NOUN
ftr-365	752	31	is	be	AUX
ftr-365	752	32	to	to	PART
ftr-365	752	33	facilitate	facilitate	VERB
ftr-365	752	34	foreign	foreign	ADJ
ftr-365	752	35	financing	financing	NOUN
ftr-365	752	36	of	of	ADP
ftr-365	752	37	domestic	domestic	ADJ
ftr-365	752	38	enterprises	enterprise	NOUN
ftr-365	752	39	,	,	PUNCT
ftr-365	752	40	and	and	CCONJ
ftr-365	752	41	to	to	PART
ftr-365	752	42	keep	keep	VERB
ftr-365	752	43	foreign	foreign	ADJ
ftr-365	752	44	borrowing	borrowing	NOUN
ftr-365	752	45	by	by	ADP
ftr-365	752	46	government	government	NOUN
ftr-365	752	47	from	from	ADP
ftr-365	752	48	looking	look	VERB
ftr-365	752	49	too	too	ADV
ftr-365	752	50	expensive	expensive	ADJ
ftr-365	752	51	,	,	PUNCT
ftr-365	752	52	there	there	PRON
ftr-365	752	53	is	be	VERB
ftr-365	752	54	some	some	DET
ftr-365	752	55	appeal	appeal	NOUN
ftr-365	752	56	to	to	ADP
ftr-365	752	57	leaving	leave	VERB
ftr-365	752	58	interest	interest	NOUN
ftr-365	752	59	payments	payment	NOUN
ftr-365	752	60	to	to	ADP
ftr-365	752	61	foreign	foreign	ADJ
ftr-365	752	62	residents	resident	NOUN
ftr-365	752	63	outside	outside	ADP
ftr-365	752	64	the	the	DET
ftr-365	752	65	tax	tax	NOUN
ftr-365	752	66	system	system	NOUN
ftr-365	752	67	.	.	PUNCT
ftr-365	753	1	assuming	assume	VERB
ftr-365	753	2	full	full	ADJ
ftr-365	753	3	shifting	shifting	NOUN
ftr-365	753	4	to	to	ADP
ftr-365	753	5	the	the	DET
ftr-365	753	6	debtors	debtor	NOUN
ftr-365	753	7	,	,	PUNCT
ftr-365	753	8	foreign	foreign	ADJ
ftr-365	753	9	borrowing	borrowing	NOUN
ftr-365	753	10	will	will	AUX
ftr-365	753	11	not	not	PART
ftr-365	753	12	be	be	AUX
ftr-365	753	13	made	make	VERB
ftr-365	753	14	more	more	ADV
ftr-365	753	15	expensive	expensive	ADJ
ftr-365	753	16	by	by	ADP
ftr-365	753	17	such	such	DET
ftr-365	753	18	a	a	DET
ftr-365	753	19	policy	policy	NOUN
ftr-365	753	20	,	,	PUNCT
ftr-365	753	21	i.e.	i.e.	X
ftr-365	753	22	,	,	PUNCT
ftr-365	753	23	from	from	ADP
ftr-365	753	24	the	the	DET
ftr-365	753	25	point	point	NOUN
ftr-365	753	26	of	of	ADP
ftr-365	753	27	view	view	NOUN
ftr-365	753	28	of	of	ADP
ftr-365	753	29	the	the	DET
ftr-365	753	30	national	national	ADJ
ftr-365	753	31	economy	economy	NOUN
ftr-365	753	32	.	.	PUNCT
ftr-365	753	33	”	"	PUNCT
ftr-365	753	34	)	)	PUNCT
ftr-365	753	35	.	.	PUNCT
ftr-365	754	1	183	183	NUM
ftr-365	754	2	.	.	PUNCT
ftr-365	755	1	i	i	PRON
ftr-365	755	2	d.	d.	PROPN
ftr-365	755	3	see	see	AUX
ftr-365	755	4	also	also	ADV
ftr-365	755	5	avi	avi	VERB
ftr-365	755	6	-	-	PUNCT
ftr-365	755	7	yonah	yonah	NOUN
ftr-365	755	8	(	(	PUNCT
ftr-365	755	9	2000	2000	NUM
ftr-365	755	10	)	)	PUNCT
ftr-365	755	11	,	,	PUNCT
ftr-365	755	12	supra	supra	PROPN
ftr-365	755	13	note	note	NOUN
ftr-365	755	14	3	3	NUM
ftr-365	755	15	,	,	PUNCT
ftr-365	755	16	at	at	ADP
ftr-365	755	17	1582	1582	NUM
ftr-365	755	18	.	.	PUNCT
ftr-365	756	1	184	184	X
ftr-365	756	2	.	.	PUNCT
ftr-365	757	1	see	see	VERB
ftr-365	757	2	avi	avi	NOUN
ftr-365	757	3	-	-	PUNCT
ftr-365	757	4	yonah	yonah	NOUN
ftr-365	757	5	(	(	PUNCT
ftr-365	757	6	2000	2000	NUM
ftr-365	757	7	)	)	PUNCT
ftr-365	757	8	,	,	PUNCT
ftr-365	757	9	supra	supra	PROPN
ftr-365	757	10	note	note	NOUN
ftr-365	757	11	3	3	NUM
ftr-365	757	12	,	,	PUNCT
ftr-365	757	13	at	at	ADP
ftr-365	757	14	1605	1605	NUM
ftr-365	757	15	,	,	PUNCT
ftr-365	757	16	quoting	quote	VERB
ftr-365	757	17	from	from	ADP
ftr-365	757	18	assaf	assaf	PROPN
ftr-365	757	19	razin	razin	PROPN
ftr-365	757	20	&	&	CCONJ
ftr-365	757	21	efraim	efraim	PROPN
ftr-365	757	22	sadka	sadka	PROPN
ftr-365	757	23	,	,	PUNCT
ftr-365	757	24	international	international	ADJ
ftr-365	757	25	tax	tax	NOUN
ftr-365	757	26	competition	competition	NOUN
ftr-365	757	27	and	and	CCONJ
ftr-365	757	28	gains	gain	NOUN
ftr-365	757	29	from	from	ADP
ftr-365	757	30	tax	tax	NOUN
ftr-365	757	31	harmonization	harmonization	NOUN
ftr-365	757	32	,	,	PUNCT
ftr-365	757	33	37	37	NUM
ftr-365	757	34	econ	econ	NOUN
ftr-365	757	35	.	.	PUNCT
ftr-365	758	1	letters	letter	NOUN
ftr-365	758	2	69	69	NUM
ftr-365	758	3	,	,	PUNCT
ftr-365	758	4	69	69	NUM
ftr-365	758	5	-	-	SYM
ftr-365	758	6	70	70	NUM
ftr-365	758	7	(	(	PUNCT
ftr-365	758	8	1991	1991	NUM
ftr-365	758	9	)	)	PUNCT
ftr-365	758	10	(	(	PUNCT
ftr-365	758	11	“	"	PUNCT
ftr-365	758	12	if	if	SCONJ
ftr-365	758	13	a	a	DET
ftr-365	758	14	country	country	NOUN
ftr-365	758	15	adopts	adopt	VERB
ftr-365	758	16	the	the	DET
ftr-365	758	17	residence	residence	NOUN
ftr-365	758	18	principle	principle	NOUN
ftr-365	758	19	,	,	PUNCT
ftr-365	758	20	taxing	tax	VERB
ftr-365	758	21	at	at	ADP
ftr-365	758	22	the	the	DET
ftr-365	758	23	same	same	ADJ
ftr-365	758	24	rate	rate	NOUN
ftr-365	758	25	capital	capital	NOUN
ftr-365	758	26	income	income	NOUN
ftr-365	758	27	from	from	ADP
ftr-365	758	28	all	all	DET
ftr-365	758	29	sources	source	NOUN
ftr-365	758	30	,	,	PUNCT
ftr-365	758	31	then	then	ADV
ftr-365	758	32	the	the	DET
ftr-365	758	33	gross	gross	ADJ
ftr-365	758	34	return	return	NOUN
ftr-365	758	35	accruing	accrue	VERB
ftr-365	758	36	to	to	ADP
ftr-365	758	37	an	an	DET
ftr-365	758	38	individual	individual	NOUN
ftr-365	758	39	in	in	ADP
ftr-365	758	40	that	that	DET
ftr-365	758	41	country	country	NOUN
ftr-365	758	42	must	must	AUX
ftr-365	758	43	be	be	AUX
ftr-365	758	44	the	the	DET
ftr-365	758	45	same	same	ADJ
ftr-365	758	46	,	,	PUNCT
ftr-365	758	47	regardless	regardless	ADV
ftr-365	758	48	of	of	ADP
ftr-365	758	49	which	which	DET
ftr-365	758	50	country	country	NOUN
ftr-365	758	51	is	be	AUX
ftr-365	758	52	the	the	DET
ftr-365	758	53	source	source	NOUN
ftr-365	758	54	of	of	ADP
ftr-365	758	55	that	that	DET
ftr-365	758	56	return	return	NOUN
ftr-365	758	57	.	.	PUNCT
ftr-365	759	1	thus	thus	ADV
ftr-365	759	2	,	,	PUNCT
ftr-365	759	3	the	the	DET
ftr-365	759	4	marginal	marginal	ADJ
ftr-365	759	5	product	product	NOUN
ftr-365	759	6	of	of	ADP
ftr-365	759	7	capital	capital	NOUN
ftr-365	759	8	in	in	ADP
ftr-365	759	9	that	that	DET
ftr-365	759	10	country	country	NOUN
ftr-365	759	11	will	will	AUX
ftr-365	759	12	be	be	AUX
ftr-365	759	13	equal	equal	ADJ
ftr-365	759	14	to	to	ADP
ftr-365	759	15	the	the	DET
ftr-365	759	16	world	world	NOUN
ftr-365	759	17	return	return	VERB
ftr-365	759	18	to	to	ADP
ftr-365	759	19	capital	capital	NOUN
ftr-365	759	20	.	.	PUNCT
ftr-365	760	1	if	if	SCONJ
ftr-365	760	2	all	all	DET
ftr-365	760	3	countries	country	NOUN
ftr-365	760	4	adopt	adopt	VERB
ftr-365	760	5	the	the	DET
ftr-365	760	6	residence	residence	NOUN
ftr-365	760	7	principle	principle	NOUN
ftr-365	760	8	,	,	PUNCT
ftr-365	760	9	then	then	ADV
ftr-365	760	10	capital	capital	NOUN
ftr-365	760	11	income	income	NOUN
ftr-365	760	12	taxation	taxation	NOUN
ftr-365	760	13	does	do	AUX
ftr-365	760	14	not	not	PART
ftr-365	760	15	disturb	disturb	VERB
ftr-365	760	16	the	the	DET
ftr-365	760	17	equality	equality	NOUN
ftr-365	760	18	of	of	ADP
ftr-365	760	19	the	the	DET
ftr-365	760	20	marginal	marginal	ADJ
ftr-365	760	21	product	product	NOUN
ftr-365	760	22	of	of	ADP
ftr-365	760	23	capital	capital	NOUN
ftr-365	760	24	across	across	ADP
ftr-365	760	25	countries	country	NOUN
ftr-365	760	26	which	which	PRON
ftr-365	760	27	is	be	AUX
ftr-365	760	28	generated	generate	VERB
ftr-365	760	29	by	by	ADP
ftr-365	760	30	a	a	DET
ftr-365	760	31	free	free	ADJ
ftr-365	760	32	movement	movement	NOUN
ftr-365	760	33	of	of	ADP
ftr-365	760	34	capital	capital	NOUN
ftr-365	760	35	.	.	PUNCT
ftr-365	760	36	”	"	PUNCT
ftr-365	760	37	)	)	PUNCT
ftr-365	760	38	.	.	PUNCT
ftr-365	761	1	185	185	NUM
ftr-365	761	2	.	.	PUNCT
ftr-365	762	1	see	see	VERB
ftr-365	762	2	frisch	frisch	PROPN
ftr-365	762	3	,	,	PUNCT
ftr-365	762	4	supra	supra	PROPN
ftr-365	762	5	note	note	NOUN
ftr-365	762	6	53	53	NUM
ftr-365	762	7	,	,	PUNCT
ftr-365	762	8	at	at	ADP
ftr-365	762	9	587	587	NUM
ftr-365	762	10	.	.	PUNCT
ftr-365	763	1	2008	2008	NUM
ftr-365	763	2	]	]	PUNCT
ftr-365	764	1	the	the	DET
ftr-365	764	2	case	case	NOUN
ftr-365	764	3	for	for	ADP
ftr-365	764	4	residency	residency	NOUN
ftr-365	764	5	-	-	PUNCT
ftr-365	764	6	based	base	VERB
ftr-365	764	7	taxation	taxation	NOUN
ftr-365	764	8	35	35	NUM
ftr-365	764	9	forgiven	forgive	VERB
ftr-365	764	10	by	by	ADP
ftr-365	764	11	the	the	DET
ftr-365	764	12	source	source	NOUN
ftr-365	764	13	country	country	NOUN
ftr-365	764	14	.	.	PUNCT
ftr-365	765	1	186	186	NUM
ftr-365	765	2	thus	thus	ADV
ftr-365	765	3	,	,	PUNCT
ftr-365	765	4	professor	professor	NOUN
ftr-365	765	5	avi	avi	NOUN
ftr-365	765	6	yonah	yonah	PROPN
ftr-365	765	7	has	have	AUX
ftr-365	765	8	cautioned	caution	VERB
ftr-365	765	9	that	that	PRON
ftr-365	765	10	portfolio	portfolio	NOUN
ftr-365	765	11	income	income	NOUN
ftr-365	765	12	that	that	PRON
ftr-365	765	13	is	be	AUX
ftr-365	765	14	not	not	PART
ftr-365	765	15	taxed	tax	VERB
ftr-365	765	16	by	by	ADP
ftr-365	765	17	the	the	DET
ftr-365	765	18	source	source	NOUN
ftr-365	765	19	country	country	NOUN
ftr-365	765	20	would	would	AUX
ftr-365	765	21	escape	escape	VERB
ftr-365	765	22	taxation	taxation	NOUN
ftr-365	765	23	because	because	SCONJ
ftr-365	765	24	it	it	PRON
ftr-365	765	25	would	would	AUX
ftr-365	765	26	not	not	PART
ftr-365	765	27	be	be	AUX
ftr-365	765	28	taxed	tax	VERB
ftr-365	765	29	by	by	ADP
ftr-365	765	30	the	the	DET
ftr-365	765	31	residency	residency	NOUN
ftr-365	765	32	country	country	NOUN
ftr-365	765	33	either	either	ADV
ftr-365	765	34	.	.	PUNCT
ftr-365	766	1	187	187	NUM
ftr-365	766	2	in	in	ADP
ftr-365	766	3	this	this	DET
ftr-365	766	4	case	case	NOUN
ftr-365	766	5	,	,	PUNCT
ftr-365	766	6	he	he	PRON
ftr-365	766	7	points	point	VERB
ftr-365	766	8	out	out	ADP
ftr-365	766	9	,	,	PUNCT
ftr-365	766	10	cen	cen	PROPN
ftr-365	766	11	will	will	AUX
ftr-365	766	12	be	be	AUX
ftr-365	766	13	violated	violate	VERB
ftr-365	766	14	because	because	SCONJ
ftr-365	766	15	“	"	PUNCT
ftr-365	766	16	the	the	DET
ftr-365	766	17	investor	investor	NOUN
ftr-365	766	18	would	would	AUX
ftr-365	766	19	prefer	prefer	VERB
ftr-365	766	20	to	to	PART
ftr-365	766	21	invest	invest	VERB
ftr-365	766	22	in	in	ADP
ftr-365	766	23	the	the	DET
ftr-365	766	24	host	host	NOUN
ftr-365	766	25	country	country	NOUN
ftr-365	766	26	rather	rather	ADV
ftr-365	766	27	than	than	ADP
ftr-365	766	28	in	in	ADP
ftr-365	766	29	the	the	DET
ftr-365	766	30	home	home	NOUN
ftr-365	766	31	country	country	NOUN
ftr-365	766	32	,	,	PUNCT
ftr-365	766	33	even	even	ADV
ftr-365	766	34	if	if	SCONJ
ftr-365	766	35	the	the	DET
ftr-365	766	36	pretax	pretax	ADJ
ftr-365	766	37	yield	yield	NOUN
ftr-365	766	38	on	on	ADP
ftr-365	766	39	the	the	DET
ftr-365	766	40	domestic	domestic	ADJ
ftr-365	766	41	investment	investment	NOUN
ftr-365	766	42	were	be	AUX
ftr-365	766	43	higher	high	ADJ
ftr-365	766	44	.	.	PUNCT
ftr-365	766	45	”	"	PUNCT
ftr-365	767	1	188	188	NUM
ftr-365	767	2	i	i	PRON
ftr-365	767	3	share	share	VERB
ftr-365	767	4	the	the	DET
ftr-365	767	5	same	same	ADJ
ftr-365	767	6	concern	concern	NOUN
ftr-365	767	7	;	;	PUNCT
ftr-365	767	8	residency	residency	NOUN
ftr-365	767	9	countries	country	NOUN
ftr-365	767	10	must	must	AUX
ftr-365	767	11	make	make	VERB
ftr-365	767	12	all	all	DET
ftr-365	767	13	the	the	DET
ftr-365	767	14	necessary	necessary	ADJ
ftr-365	767	15	effort	effort	NOUN
ftr-365	767	16	to	to	PART
ftr-365	767	17	exercise	exercise	VERB
ftr-365	767	18	their	their	PRON
ftr-365	767	19	taxing	tax	VERB
ftr-365	767	20	rights	right	NOUN
ftr-365	767	21	and	and	CCONJ
ftr-365	767	22	make	make	VERB
ftr-365	767	23	sure	sure	ADJ
ftr-365	767	24	that	that	SCONJ
ftr-365	767	25	the	the	DET
ftr-365	767	26	interest	interest	NOUN
ftr-365	767	27	or	or	CCONJ
ftr-365	767	28	dividend	dividend	NOUN
ftr-365	767	29	income	income	NOUN
ftr-365	767	30	is	be	AUX
ftr-365	767	31	taxed	tax	VERB
ftr-365	767	32	thereon	thereon	NOUN
ftr-365	767	33	.	.	PUNCT
ftr-365	768	1	thus	thus	ADV
ftr-365	768	2	,	,	PUNCT
ftr-365	768	3	in	in	ADP
ftr-365	768	4	order	order	NOUN
ftr-365	768	5	to	to	PART
ftr-365	768	6	achieve	achieve	VERB
ftr-365	768	7	cen	cen	NOUN
ftr-365	768	8	,	,	PUNCT
ftr-365	768	9	residency	residency	NOUN
ftr-365	768	10	countries	country	NOUN
ftr-365	768	11	should	should	AUX
ftr-365	768	12	enforce	enforce	VERB
ftr-365	768	13	their	their	PRON
ftr-365	768	14	rights	right	NOUN
ftr-365	768	15	to	to	PART
ftr-365	768	16	collect	collect	VERB
ftr-365	768	17	the	the	DET
ftr-365	768	18	tax	tax	NOUN
ftr-365	768	19	on	on	ADP
ftr-365	768	20	portfolio	portfolio	NOUN
ftr-365	768	21	investments	investment	NOUN
ftr-365	768	22	made	make	VERB
ftr-365	768	23	in	in	ADP
ftr-365	768	24	other	other	ADJ
ftr-365	768	25	countries	country	NOUN
ftr-365	768	26	.	.	PUNCT
ftr-365	769	1	189	189	NUM
ftr-365	769	2	this	this	PRON
ftr-365	769	3	will	will	AUX
ftr-365	769	4	require	require	VERB
ftr-365	769	5	exchange	exchange	NOUN
ftr-365	769	6	of	of	ADP
ftr-365	769	7	information	information	NOUN
ftr-365	769	8	among	among	ADP
ftr-365	769	9	countries	country	NOUN
ftr-365	769	10	.	.	PUNCT
ftr-365	770	1	190	190	NUM
ftr-365	770	2	as	as	SCONJ
ftr-365	770	3	discussed	discuss	VERB
ftr-365	770	4	immediately	immediately	ADV
ftr-365	770	5	below	below	ADV
ftr-365	770	6	,	,	PUNCT
ftr-365	770	7	the	the	DET
ftr-365	770	8	european	european	PROPN
ftr-365	770	9	union	union	PROPN
ftr-365	770	10	has	have	AUX
ftr-365	770	11	adopted	adopt	VERB
ftr-365	770	12	a	a	DET
ftr-365	770	13	directive	directive	NOUN
ftr-365	770	14	pursuant	pursuant	ADJ
ftr-365	770	15	to	to	ADP
ftr-365	770	16	which	which	DET
ftr-365	770	17	interest	interest	NOUN
ftr-365	770	18	earned	earn	VERB
ftr-365	770	19	by	by	ADP
ftr-365	770	20	a	a	DET
ftr-365	770	21	taxpayer	taxpayer	NOUN
ftr-365	770	22	from	from	ADP
ftr-365	770	23	one	one	NUM
ftr-365	770	24	member	member	NOUN
ftr-365	770	25	state	state	NOUN
ftr-365	770	26	in	in	ADP
ftr-365	770	27	another	another	DET
ftr-365	770	28	member	member	NOUN
ftr-365	770	29	state	state	NOUN
ftr-365	770	30	will	will	AUX
ftr-365	770	31	be	be	AUX
ftr-365	770	32	taxed	tax	VERB
ftr-365	770	33	by	by	ADP
ftr-365	770	34	the	the	DET
ftr-365	770	35	latter	latter	ADJ
ftr-365	770	36	state	state	NOUN
ftr-365	770	37	,	,	PUNCT
ftr-365	770	38	provided	provide	VERB
ftr-365	770	39	that	that	SCONJ
ftr-365	770	40	countries	country	NOUN
ftr-365	770	41	will	will	AUX
ftr-365	770	42	share	share	VERB
ftr-365	770	43	all	all	DET
ftr-365	770	44	the	the	DET
ftr-365	770	45	necessary	necessary	ADJ
ftr-365	770	46	information	information	NOUN
ftr-365	770	47	.	.	PUNCT
ftr-365	771	1	191	191	NUM
ftr-365	771	2	in	in	ADP
ftr-365	771	3	addition	addition	NOUN
ftr-365	771	4	,	,	PUNCT
ftr-365	771	5	the	the	DET
ftr-365	771	6	oecd	oecd	PROPN
ftr-365	771	7	has	have	AUX
ftr-365	771	8	recently	recently	ADV
ftr-365	771	9	revised	revise	VERB
ftr-365	771	10	article	article	NOUN
ftr-365	771	11	26	26	NUM
ftr-365	771	12	of	of	ADP
ftr-365	771	13	the	the	DET
ftr-365	771	14	oecd	oecd	PROPN
ftr-365	771	15	model	model	PROPN
ftr-365	771	16	treaty	treaty	NOUN
ftr-365	771	17	to	to	PART
ftr-365	771	18	require	require	VERB
ftr-365	771	19	more	more	ADJ
ftr-365	771	20	exchange	exchange	NOUN
ftr-365	771	21	of	of	ADP
ftr-365	771	22	information	information	NOUN
ftr-365	771	23	.	.	PUNCT
ftr-365	772	1	these	these	DET
ftr-365	772	2	measurements	measurement	NOUN
ftr-365	772	3	are	be	AUX
ftr-365	772	4	expected	expect	VERB
ftr-365	772	5	to	to	PART
ftr-365	772	6	increase	increase	VERB
ftr-365	772	7	the	the	DET
ftr-365	772	8	flow	flow	NOUN
ftr-365	772	9	of	of	ADP
ftr-365	772	10	information	information	NOUN
ftr-365	772	11	between	between	ADP
ftr-365	772	12	countries	country	NOUN
ftr-365	772	13	and	and	CCONJ
ftr-365	772	14	ensure	ensure	VERB
ftr-365	772	15	that	that	SCONJ
ftr-365	772	16	more	more	ADV
ftr-365	772	17	passive	passive	ADJ
ftr-365	772	18	income	income	NOUN
ftr-365	772	19	is	be	AUX
ftr-365	772	20	taxed	tax	VERB
ftr-365	772	21	by	by	ADP
ftr-365	772	22	residency	residency	NOUN
ftr-365	772	23	countries	country	NOUN
ftr-365	772	24	.	.	PUNCT
ftr-365	773	1	6	6	X
ftr-365	773	2	.	.	X
ftr-365	773	3	the	the	DET
ftr-365	773	4	eu	eu	PROPN
ftr-365	773	5	savings	saving	NOUN
ftr-365	773	6	directive	directive	NOUN
ftr-365	773	7	186	186	NUM
ftr-365	773	8	.	.	PUNCT
ftr-365	774	1	see	see	VERB
ftr-365	774	2	generally	generally	ADV
ftr-365	774	3	avi	avi	VERB
ftr-365	774	4	-	-	PUNCT
ftr-365	774	5	yonah	yonah	NOUN
ftr-365	774	6	(	(	PUNCT
ftr-365	774	7	2000	2000	NUM
ftr-365	774	8	)	)	PUNCT
ftr-365	774	9	,	,	PUNCT
ftr-365	774	10	supra	supra	PROPN
ftr-365	774	11	note	note	NOUN
ftr-365	774	12	3	3	NUM
ftr-365	774	13	.	.	NOUN
ftr-365	774	14	187	187	NUM
ftr-365	774	15	.	.	PUNCT
ftr-365	775	1	i	i	PRON
ftr-365	775	2	d.	d.	PROPN
ftr-365	775	3	at	at	ADP
ftr-365	775	4	1583	1583	NUM
ftr-365	775	5	-	-	SYM
ftr-365	775	6	4	4	NUM
ftr-365	775	7	(	(	PUNCT
ftr-365	775	8	“	"	PUNCT
ftr-365	775	9	although	although	SCONJ
ftr-365	775	10	it	it	PRON
ftr-365	775	11	is	be	AUX
ftr-365	775	12	not	not	PART
ftr-365	775	13	desirable	desirable	ADJ
ftr-365	775	14	to	to	ADP
ftr-365	775	15	tax	tax	NOUN
ftr-365	775	16	capital	capital	NOUN
ftr-365	775	17	on	on	ADP
ftr-365	775	18	a	a	DET
ftr-365	775	19	source	source	NOUN
ftr-365	775	20	basis	basis	NOUN
ftr-365	775	21	,	,	PUNCT
ftr-365	775	22	it	it	PRON
ftr-365	775	23	is	be	AUX
ftr-365	775	24	not	not	PART
ftr-365	775	25	administratively	administratively	ADV
ftr-365	775	26	feasible	feasible	ADJ
ftr-365	775	27	to	to	ADP
ftr-365	775	28	tax	tax	NOUN
ftr-365	775	29	capital	capital	NOUN
ftr-365	775	30	on	on	ADP
ftr-365	775	31	a	a	DET
ftr-365	775	32	residence	residence	NOUN
ftr-365	775	33	basis	basis	NOUN
ftr-365	775	34	.	.	PUNCT
ftr-365	775	35	.	.	PUNCT
ftr-365	775	36	.	.	PUNCT
ftr-365	775	37	.	.	PUNCT
ftr-365	775	38	”	"	PUNCT
ftr-365	775	39	)	)	PUNCT
ftr-365	775	40	.	.	PUNCT
ftr-365	776	1	see	see	VERB
ftr-365	776	2	also	also	ADV
ftr-365	776	3	i	i	PROPN
ftr-365	776	4	d	d	PROPN
ftr-365	776	5	at	at	ADP
ftr-365	776	6	1585	1585	NUM
ftr-365	776	7	(	(	PUNCT
ftr-365	776	8	“	"	PUNCT
ftr-365	776	9	in	in	ADP
ftr-365	776	10	the	the	DET
ftr-365	776	11	absence	absence	NOUN
ftr-365	776	12	of	of	ADP
ftr-365	776	13	withholding	withholding	NOUN
ftr-365	776	14	taxes	taxis	NOUN
ftr-365	776	15	or	or	CCONJ
ftr-365	776	16	effective	effective	ADJ
ftr-365	776	17	information	information	NOUN
ftr-365	776	18	exchange	exchange	NOUN
ftr-365	776	19	,	,	PUNCT
ftr-365	776	20	income	income	NOUN
ftr-365	776	21	from	from	ADP
ftr-365	776	22	foreign	foreign	ADJ
ftr-365	776	23	portfolio	portfolio	NOUN
ftr-365	776	24	investments	investment	NOUN
ftr-365	776	25	frequently	frequently	ADV
ftr-365	776	26	escapes	escape	VERB
ftr-365	776	27	being	be	AUX
ftr-365	776	28	taxed	tax	VERB
ftr-365	776	29	by	by	ADP
ftr-365	776	30	any	any	DET
ftr-365	776	31	jurisdiction	jurisdiction	NOUN
ftr-365	776	32	.	.	PUNCT
ftr-365	776	33	”	"	PUNCT
ftr-365	776	34	)	)	PUNCT
ftr-365	776	35	.	.	PUNCT
ftr-365	777	1	188	188	NUM
ftr-365	777	2	.	.	PUNCT
ftr-365	778	1	i	i	PRON
ftr-365	778	2	d.	d.	PROPN
ftr-365	778	3	at	at	ADP
ftr-365	778	4	1604	1604	NUM
ftr-365	778	5	.	.	PUNCT
ftr-365	779	1	189	189	NUM
ftr-365	779	2	.	.	PUNCT
ftr-365	780	1	see	see	VERB
ftr-365	780	2	graetz	graetz	PROPN
ftr-365	780	3	&	&	CCONJ
ftr-365	780	4	greenberg	greenberg	PROPN
ftr-365	780	5	(	(	PUNCT
ftr-365	780	6	2003	2003	NUM
ftr-365	780	7	)	)	PUNCT
ftr-365	780	8	supra	supra	PROPN
ftr-365	780	9	note	note	NOUN
ftr-365	780	10	88	88	NUM
ftr-365	780	11	,	,	PUNCT
ftr-365	780	12	at	at	ADP
ftr-365	780	13	586	586	NUM
ftr-365	780	14	(	(	PUNCT
ftr-365	780	15	“	"	PUNCT
ftr-365	780	16	the	the	DET
ftr-365	780	17	key	key	ADJ
ftr-365	780	18	difficulty	difficulty	NOUN
ftr-365	780	19	for	for	ADP
ftr-365	780	20	residence	residence	NOUN
ftr-365	780	21	-	-	PUNCT
ftr-365	780	22	based	base	VERB
ftr-365	780	23	taxation	taxation	NOUN
ftr-365	780	24	of	of	ADP
ftr-365	780	25	international	international	ADJ
ftr-365	780	26	portfolio	portfolio	NOUN
ftr-365	780	27	income	income	NOUN
ftr-365	780	28	results	result	NOUN
ftr-365	780	29	from	from	ADP
ftr-365	780	30	the	the	DET
ftr-365	780	31	widespread	widespread	ADJ
ftr-365	780	32	underreporting	underreporting	NOUN
ftr-365	780	33	and	and	CCONJ
ftr-365	780	34	evasion	evasion	NOUN
ftr-365	780	35	that	that	PRON
ftr-365	780	36	now	now	ADV
ftr-365	780	37	occurs	occur	VERB
ftr-365	780	38	.	.	PUNCT
ftr-365	781	1	any	any	DET
ftr-365	781	2	solution	solution	NOUN
ftr-365	781	3	to	to	ADP
ftr-365	781	4	that	that	DET
ftr-365	781	5	problem	problem	NOUN
ftr-365	781	6	necessarily	necessarily	ADV
ftr-365	781	7	will	will	AUX
ftr-365	781	8	require	require	VERB
ftr-365	781	9	both	both	DET
ftr-365	781	10	unilateral	unilateral	ADJ
ftr-365	781	11	and	and	CCONJ
ftr-365	781	12	multilateral	multilateral	ADJ
ftr-365	781	13	actions	action	NOUN
ftr-365	781	14	.	.	PUNCT
ftr-365	782	1	the	the	DET
ftr-365	782	2	good	good	PROPN
ftr-365	782	3	news	news	PROPN
ftr-365	782	4	is	be	AUX
ftr-365	782	5	that	that	SCONJ
ftr-365	782	6	the	the	DET
ftr-365	782	7	united	united	PROPN
ftr-365	782	8	states	states	PROPN
ftr-365	782	9	has	have	AUX
ftr-365	782	10	already	already	ADV
ftr-365	782	11	taken	take	VERB
ftr-365	782	12	a	a	DET
ftr-365	782	13	major	major	ADJ
ftr-365	782	14	step	step	NOUN
ftr-365	782	15	forward	forward	ADV
ftr-365	782	16	in	in	ADP
ftr-365	782	17	its	its	PRON
ftr-365	782	18	information	information	NOUN
ftr-365	782	19	reporting	reporting	NOUN
ftr-365	782	20	requirements	requirement	NOUN
ftr-365	782	21	for	for	ADP
ftr-365	782	22	qualified	qualified	ADJ
ftr-365	782	23	financial	financial	ADJ
ftr-365	782	24	intermediaries	intermediary	NOUN
ftr-365	782	25	,	,	PUNCT
ftr-365	782	26	and	and	CCONJ
ftr-365	782	27	recent	recent	ADJ
ftr-365	782	28	actions	action	NOUN
ftr-365	782	29	in	in	ADP
ftr-365	782	30	both	both	CCONJ
ftr-365	782	31	the	the	DET
ftr-365	782	32	oecd	oecd	PROPN
ftr-365	782	33	and	and	CCONJ
ftr-365	782	34	the	the	DET
ftr-365	782	35	eu	eu	PROPN
ftr-365	782	36	offer	offer	VERB
ftr-365	782	37	promise	promise	NOUN
ftr-365	782	38	of	of	ADP
ftr-365	782	39	vastly	vastly	ADV
ftr-365	782	40	improved	improve	VERB
ftr-365	782	41	multinational	multinational	ADJ
ftr-365	782	42	cooperation	cooperation	NOUN
ftr-365	782	43	.	.	PUNCT
ftr-365	783	1	the	the	DET
ftr-365	783	2	advent	advent	NOUN
ftr-365	783	3	of	of	ADP
ftr-365	783	4	new	new	ADJ
ftr-365	783	5	financial	financial	ADJ
ftr-365	783	6	innovations	innovation	NOUN
ftr-365	783	7	and	and	CCONJ
ftr-365	783	8	the	the	DET
ftr-365	783	9	persistence	persistence	NOUN
ftr-365	783	10	of	of	ADP
ftr-365	783	11	financial	financial	ADJ
ftr-365	783	12	tax	tax	NOUN
ftr-365	783	13	havens	haven	NOUN
ftr-365	783	14	and	and	CCONJ
ftr-365	783	15	bank	bank	NOUN
ftr-365	783	16	secrecy	secrecy	NOUN
ftr-365	783	17	ensure	ensure	VERB
ftr-365	783	18	,	,	PUNCT
ftr-365	783	19	however	however	ADV
ftr-365	783	20	,	,	PUNCT
ftr-365	783	21	that	that	SCONJ
ftr-365	783	22	there	there	PRON
ftr-365	783	23	will	will	AUX
ftr-365	783	24	be	be	AUX
ftr-365	783	25	many	many	ADJ
ftr-365	783	26	opportunities	opportunity	NOUN
ftr-365	783	27	for	for	ADP
ftr-365	783	28	improvement	improvement	NOUN
ftr-365	783	29	for	for	ADP
ftr-365	783	30	years	year	NOUN
ftr-365	783	31	to	to	PART
ftr-365	783	32	come	come	VERB
ftr-365	783	33	.	.	PUNCT
ftr-365	783	34	”	"	PUNCT
ftr-365	783	35	)	)	PUNCT
ftr-365	783	36	.	.	PUNCT
ftr-365	784	1	190	190	NUM
ftr-365	784	2	.	.	PUNCT
ftr-365	785	1	see	see	VERB
ftr-365	785	2	,	,	PUNCT
ftr-365	785	3	generally	generally	ADV
ftr-365	785	4	,	,	PUNCT
ftr-365	785	5	cynthia	cynthia	PROPN
ftr-365	785	6	blum	blum	PROPN
ftr-365	785	7	,	,	PUNCT
ftr-365	785	8	sharing	share	VERB
ftr-365	785	9	bank	bank	NOUN
ftr-365	785	10	deposit	deposit	NOUN
ftr-365	785	11	information	information	NOUN
ftr-365	785	12	with	with	ADP
ftr-365	785	13	other	other	ADJ
ftr-365	785	14	countries	country	NOUN
ftr-365	785	15	:	:	PUNCT
ftr-365	785	16	should	should	AUX
ftr-365	785	17	tax	tax	VERB
ftr-365	785	18	compliance	compliance	NOUN
ftr-365	785	19	or	or	CCONJ
ftr-365	785	20	privacy	privacy	NOUN
ftr-365	785	21	claims	claim	NOUN
ftr-365	785	22	prevail	prevail	VERB
ftr-365	785	23	?	?	PUNCT
ftr-365	786	1	2005	2005	NUM
ftr-365	786	2	tnt	tnt	NOUN
ftr-365	786	3	44	44	NUM
ftr-365	786	4	-	-	SYM
ftr-365	786	5	28	28	NUM
ftr-365	786	6	.	.	PUNCT
ftr-365	786	7	191	191	NUM
ftr-365	786	8	.	.	PUNCT
ftr-365	786	9	see	see	VERB
ftr-365	786	10	“	"	PUNCT
ftr-365	786	11	council	council	NOUN
ftr-365	786	12	directive	directive	NOUN
ftr-365	786	13	2003/48	2003/48	NUM
ftr-365	786	14	/	/	SYM
ftr-365	786	15	ec	ec	PROPN
ftr-365	786	16	on	on	ADP
ftr-365	786	17	taxation	taxation	NOUN
ftr-365	786	18	of	of	ADP
ftr-365	786	19	savings	saving	NOUN
ftr-365	786	20	income	income	NOUN
ftr-365	786	21	in	in	ADP
ftr-365	786	22	the	the	DET
ftr-365	786	23	form	form	NOUN
ftr-365	786	24	of	of	ADP
ftr-365	786	25	interest	interest	NOUN
ftr-365	786	26	payments	payment	NOUN
ftr-365	786	27	”	"	PUNCT
ftr-365	786	28	(	(	PUNCT
ftr-365	786	29	hereinafter	hereinafter	NOUN
ftr-365	786	30	“	"	PUNCT
ftr-365	786	31	savings	saving	NOUN
ftr-365	786	32	directive	directive	NOUN
ftr-365	786	33	”	"	PUNCT
ftr-365	786	34	)	)	PUNCT
ftr-365	786	35	.	.	PUNCT
ftr-365	787	1	36	36	NUM
ftr-365	787	2	florida	florida	PROPN
ftr-365	787	3	tax	tax	NOUN
ftr-365	787	4	review	review	NOUN
ftr-365	787	5	[	[	X
ftr-365	787	6	vol	vol	NOUN
ftr-365	787	7	.	.	PUNCT
ftr-365	787	8	9:1	9:1	NUM
ftr-365	787	9	council	council	NOUN
ftr-365	787	10	directive	directive	NOUN
ftr-365	787	11	2003/48	2003/48	NUM
ftr-365	787	12	/	/	SYM
ftr-365	787	13	ec	ec	PROPN
ftr-365	787	14	on	on	ADP
ftr-365	787	15	taxation	taxation	NOUN
ftr-365	787	16	of	of	ADP
ftr-365	787	17	savings	saving	NOUN
ftr-365	787	18	income	income	NOUN
ftr-365	787	19	in	in	ADP
ftr-365	787	20	the	the	DET
ftr-365	787	21	form	form	NOUN
ftr-365	787	22	of	of	ADP
ftr-365	787	23	interest	interest	NOUN
ftr-365	787	24	payments	payment	NOUN
ftr-365	787	25	was	be	AUX
ftr-365	787	26	issued	issue	VERB
ftr-365	787	27	on	on	ADP
ftr-365	787	28	june	june	PROPN
ftr-365	787	29	3	3	NUM
ftr-365	787	30	,	,	PUNCT
ftr-365	787	31	2003	2003	NUM
ftr-365	787	32	.	.	PUNCT
ftr-365	788	1	the	the	DET
ftr-365	788	2	purpose	purpose	NOUN
ftr-365	788	3	of	of	ADP
ftr-365	788	4	the	the	DET
ftr-365	788	5	savings	saving	NOUN
ftr-365	788	6	directive	directive	NOUN
ftr-365	788	7	was	be	AUX
ftr-365	788	8	:	:	PUNCT
ftr-365	788	9	to	to	PART
ftr-365	788	10	enable	enable	VERB
ftr-365	788	11	savings	saving	NOUN
ftr-365	788	12	income	income	NOUN
ftr-365	788	13	,	,	PUNCT
ftr-365	788	14	in	in	ADP
ftr-365	788	15	the	the	DET
ftr-365	788	16	form	form	NOUN
ftr-365	788	17	of	of	ADP
ftr-365	788	18	interest	interest	NOUN
ftr-365	788	19	payments	payment	NOUN
ftr-365	788	20	made	make	VERB
ftr-365	788	21	in	in	ADP
ftr-365	788	22	one	one	NUM
ftr-365	788	23	member	member	NOUN
ftr-365	788	24	state	state	NOUN
ftr-365	788	25	to	to	ADP
ftr-365	788	26	‘	'	PUNCT
ftr-365	788	27	beneficial	beneficial	ADJ
ftr-365	788	28	owners	owner	NOUN
ftr-365	788	29	’	'	PUNCT
ftr-365	788	30	[	[	X
ftr-365	788	31	footnote	footnote	NOUN
ftr-365	788	32	omitted	omit	VERB
ftr-365	788	33	]	]	PUNCT
ftr-365	788	34	who	who	PRON
ftr-365	788	35	are	be	AUX
ftr-365	788	36	individual	individual	ADJ
ftr-365	788	37	residents	resident	NOUN
ftr-365	788	38	for	for	ADP
ftr-365	788	39	tax	tax	NOUN
ftr-365	788	40	purposes	purpose	NOUN
ftr-365	788	41	in	in	ADP
ftr-365	788	42	another	another	DET
ftr-365	788	43	member	member	NOUN
ftr-365	788	44	state	state	NOUN
ftr-365	788	45	,	,	PUNCT
ftr-365	788	46	to	to	PART
ftr-365	788	47	be	be	AUX
ftr-365	788	48	made	make	VERB
ftr-365	788	49	subject	subject	ADJ
ftr-365	788	50	to	to	ADP
ftr-365	788	51	effective	effective	ADJ
ftr-365	788	52	taxation	taxation	NOUN
ftr-365	788	53	in	in	ADP
ftr-365	788	54	accordance	accordance	NOUN
ftr-365	788	55	with	with	ADP
ftr-365	788	56	the	the	DET
ftr-365	788	57	laws	law	NOUN
ftr-365	788	58	of	of	ADP
ftr-365	788	59	the	the	DET
ftr-365	788	60	latter	latter	ADJ
ftr-365	788	61	member	member	NOUN
ftr-365	788	62	state	state	NOUN
ftr-365	788	63	.	.	PUNCT
ftr-365	789	1	the	the	DET
ftr-365	789	2	scope	scope	NOUN
ftr-365	789	3	of	of	ADP
ftr-365	789	4	the	the	DET
ftr-365	789	5	savings	saving	NOUN
ftr-365	789	6	directive	directive	NOUN
ftr-365	789	7	is	be	AUX
ftr-365	789	8	limited	limit	VERB
ftr-365	789	9	to	to	ADP
ftr-365	789	10	taxation	taxation	NOUN
ftr-365	789	11	of	of	ADP
ftr-365	789	12	savings	saving	NOUN
ftr-365	789	13	income	income	NOUN
ftr-365	789	14	in	in	ADP
ftr-365	789	15	the	the	DET
ftr-365	789	16	form	form	NOUN
ftr-365	789	17	of	of	ADP
ftr-365	789	18	interest	interest	NOUN
ftr-365	789	19	payments	payment	NOUN
ftr-365	789	20	on	on	ADP
ftr-365	789	21	debt	debt	NOUN
ftr-365	789	22	instruments	instrument	NOUN
ftr-365	789	23	.	.	PUNCT
ftr-365	790	1	in	in	ADP
ftr-365	790	2	my	my	PRON
ftr-365	790	3	view	view	NOUN
ftr-365	790	4	,	,	PUNCT
ftr-365	790	5	the	the	DET
ftr-365	790	6	most	most	ADV
ftr-365	790	7	important	important	ADJ
ftr-365	790	8	element	element	NOUN
ftr-365	790	9	of	of	ADP
ftr-365	790	10	the	the	DET
ftr-365	790	11	savings	saving	NOUN
ftr-365	790	12	directive	directive	NOUN
ftr-365	790	13	was	be	AUX
ftr-365	790	14	to	to	PART
ftr-365	790	15	establish	establish	VERB
ftr-365	790	16	a	a	DET
ftr-365	790	17	structured	structured	ADJ
ftr-365	790	18	mechanism	mechanism	NOUN
ftr-365	790	19	for	for	ADP
ftr-365	790	20	exchange	exchange	NOUN
ftr-365	790	21	of	of	ADP
ftr-365	790	22	information	information	NOUN
ftr-365	790	23	:	:	PUNCT
ftr-365	790	24	where	where	SCONJ
ftr-365	790	25	the	the	DET
ftr-365	790	26	beneficial	beneficial	ADJ
ftr-365	790	27	owner	owner	NOUN
ftr-365	790	28	is	be	AUX
ftr-365	790	29	resident	resident	ADJ
ftr-365	790	30	in	in	ADP
ftr-365	790	31	a	a	DET
ftr-365	790	32	member	member	NOUN
ftr-365	790	33	state	state	NOUN
ftr-365	790	34	other	other	ADJ
ftr-365	790	35	than	than	ADP
ftr-365	790	36	that	that	PRON
ftr-365	790	37	in	in	ADP
ftr-365	790	38	which	which	PRON
ftr-365	790	39	the	the	DET
ftr-365	790	40	paying	pay	VERB
ftr-365	790	41	agent	agent	NOUN
ftr-365	790	42	is	be	AUX
ftr-365	790	43	established	establish	VERB
ftr-365	790	44	,	,	PUNCT
ftr-365	790	45	the	the	DET
ftr-365	790	46	directive	directive	NOUN
ftr-365	790	47	stipulates	stipulate	VERB
ftr-365	790	48	that	that	SCONJ
ftr-365	790	49	the	the	DET
ftr-365	790	50	latter	latter	ADJ
ftr-365	790	51	must	must	AUX
ftr-365	790	52	report	report	VERB
ftr-365	790	53	to	to	ADP
ftr-365	790	54	the	the	DET
ftr-365	790	55	competent	competent	ADJ
ftr-365	790	56	authority	authority	NOUN
ftr-365	790	57	of	of	ADP
ftr-365	790	58	its	its	PRON
ftr-365	790	59	member	member	NOUN
ftr-365	790	60	state	state	NOUN
ftr-365	790	61	of	of	ADP
ftr-365	790	62	establishment	establishment	NOUN
ftr-365	790	63	a	a	DET
ftr-365	790	64	minimum	minimum	NOUN
ftr-365	790	65	amount	amount	NOUN
ftr-365	790	66	of	of	ADP
ftr-365	790	67	information	information	NOUN
ftr-365	790	68	,	,	PUNCT
ftr-365	790	69	such	such	ADJ
ftr-365	790	70	as	as	ADP
ftr-365	790	71	the	the	DET
ftr-365	790	72	identity	identity	NOUN
ftr-365	790	73	and	and	CCONJ
ftr-365	790	74	residence	residence	NOUN
ftr-365	790	75	of	of	ADP
ftr-365	790	76	the	the	DET
ftr-365	790	77	beneficial	beneficial	ADJ
ftr-365	790	78	owner	owner	NOUN
ftr-365	790	79	,	,	PUNCT
ftr-365	790	80	the	the	DET
ftr-365	790	81	name	name	NOUN
ftr-365	790	82	and	and	CCONJ
ftr-365	790	83	address	address	NOUN
ftr-365	790	84	of	of	ADP
ftr-365	790	85	the	the	DET
ftr-365	790	86	paying	pay	VERB
ftr-365	790	87	agent	agent	NOUN
ftr-365	790	88	,	,	PUNCT
ftr-365	790	89	the	the	DET
ftr-365	790	90	account	account	NOUN
ftr-365	790	91	number	number	NOUN
ftr-365	790	92	of	of	ADP
ftr-365	790	93	the	the	DET
ftr-365	790	94	beneficial	beneficial	ADJ
ftr-365	790	95	owner	owner	NOUN
ftr-365	790	96	or	or	CCONJ
ftr-365	790	97	,	,	PUNCT
ftr-365	790	98	where	where	SCONJ
ftr-365	790	99	there	there	PRON
ftr-365	790	100	is	be	VERB
ftr-365	790	101	none	none	NOUN
ftr-365	790	102	,	,	PUNCT
ftr-365	790	103	identification	identification	NOUN
ftr-365	790	104	of	of	ADP
ftr-365	790	105	the	the	DET
ftr-365	790	106	debt	debt	NOUN
ftr-365	790	107	claim	claim	NOUN
ftr-365	790	108	giving	give	VERB
ftr-365	790	109	rise	rise	NOUN
ftr-365	790	110	to	to	ADP
ftr-365	790	111	the	the	DET
ftr-365	790	112	interest	interest	NOUN
ftr-365	790	113	,	,	PUNCT
ftr-365	790	114	and	and	CCONJ
ftr-365	790	115	information	information	NOUN
ftr-365	790	116	concerning	concern	VERB
ftr-365	790	117	the	the	DET
ftr-365	790	118	interest	interest	NOUN
ftr-365	790	119	payment	payment	NOUN
ftr-365	790	120	.	.	PUNCT
ftr-365	791	1	the	the	DET
ftr-365	791	2	savings	saving	NOUN
ftr-365	791	3	directive	directive	NOUN
ftr-365	791	4	illustrates	illustrate	VERB
ftr-365	791	5	that	that	SCONJ
ftr-365	791	6	the	the	DET
ftr-365	791	7	principle	principle	NOUN
ftr-365	791	8	established	establish	VERB
ftr-365	791	9	by	by	ADP
ftr-365	791	10	the	the	DET
ftr-365	791	11	league	league	PROPN
ftr-365	791	12	of	of	ADP
ftr-365	791	13	nations	nations	PROPN
ftr-365	791	14	report	report	NOUN
ftr-365	791	15	(	(	PUNCT
ftr-365	791	16	1923	1923	NUM
ftr-365	791	17	)	)	PUNCT
ftr-365	791	18	,	,	PUNCT
ftr-365	791	19	pursuant	pursuant	ADJ
ftr-365	791	20	to	to	ADP
ftr-365	791	21	which	which	PRON
ftr-365	791	22	passive	passive	ADJ
ftr-365	791	23	income	income	NOUN
ftr-365	791	24	should	should	AUX
ftr-365	791	25	be	be	AUX
ftr-365	791	26	taxed	tax	VERB
ftr-365	791	27	by	by	ADP
ftr-365	791	28	the	the	DET
ftr-365	791	29	residency	residency	NOUN
ftr-365	791	30	country	country	NOUN
ftr-365	791	31	,	,	PUNCT
ftr-365	791	32	still	still	ADV
ftr-365	791	33	prevails	prevail	VERB
ftr-365	791	34	.	.	PUNCT
ftr-365	792	1	what	what	PRON
ftr-365	792	2	the	the	DET
ftr-365	792	3	savings	saving	NOUN
ftr-365	792	4	directive	directive	NOUN
ftr-365	792	5	further	far	ADV
ftr-365	792	6	illustrates	illustrate	VERB
ftr-365	792	7	is	be	AUX
ftr-365	792	8	that	that	SCONJ
ftr-365	792	9	applying	apply	VERB
ftr-365	792	10	residency	residency	NOUN
ftr-365	792	11	-	-	PUNCT
ftr-365	792	12	based	base	VERB
ftr-365	792	13	taxation	taxation	NOUN
ftr-365	792	14	for	for	ADP
ftr-365	792	15	income	income	NOUN
ftr-365	792	16	from	from	ADP
ftr-365	792	17	financial	financial	ADJ
ftr-365	792	18	transactions	transaction	NOUN
ftr-365	792	19	must	must	AUX
ftr-365	792	20	go	go	VERB
ftr-365	792	21	hand	hand	NOUN
ftr-365	792	22	-	-	PUNCT
ftr-365	792	23	in	in	ADP
ftr-365	792	24	-	-	PUNCT
ftr-365	792	25	hand	hand	NOUN
ftr-365	792	26	with	with	ADP
ftr-365	792	27	a	a	DET
ftr-365	792	28	comprehensive	comprehensive	ADJ
ftr-365	792	29	exchange	exchange	NOUN
ftr-365	792	30	of	of	ADP
ftr-365	792	31	information	information	NOUN
ftr-365	792	32	guidance	guidance	NOUN
ftr-365	792	33	.	.	PUNCT
ftr-365	793	1	in	in	ADP
ftr-365	793	2	addition	addition	NOUN
ftr-365	793	3	,	,	PUNCT
ftr-365	793	4	the	the	DET
ftr-365	793	5	oecd	oecd	PROPN
ftr-365	793	6	has	have	AUX
ftr-365	793	7	recently	recently	ADV
ftr-365	793	8	modified	modify	VERB
ftr-365	793	9	article	article	NOUN
ftr-365	793	10	26	26	NUM
ftr-365	793	11	(	(	PUNCT
ftr-365	793	12	exchange	exchange	NOUN
ftr-365	793	13	of	of	ADP
ftr-365	793	14	information	information	NOUN
ftr-365	793	15	)	)	PUNCT
ftr-365	793	16	of	of	ADP
ftr-365	793	17	the	the	DET
ftr-365	793	18	oecd	oecd	PROPN
ftr-365	793	19	model	model	NOUN
ftr-365	793	20	treaty	treaty	NOUN
ftr-365	793	21	and	and	CCONJ
ftr-365	793	22	has	have	AUX
ftr-365	793	23	adopted	adopt	VERB
ftr-365	793	24	a	a	DET
ftr-365	793	25	model	model	NOUN
ftr-365	793	26	tax	tax	NOUN
ftr-365	793	27	information	information	NOUN
ftr-365	793	28	exchange	exchange	NOUN
ftr-365	793	29	agreement	agreement	NOUN
ftr-365	793	30	,	,	PUNCT
ftr-365	793	31	both	both	PRON
ftr-365	793	32	of	of	ADP
ftr-365	793	33	which	which	PRON
ftr-365	793	34	address	address	VERB
ftr-365	793	35	the	the	DET
ftr-365	793	36	issue	issue	NOUN
ftr-365	793	37	of	of	ADP
ftr-365	793	38	exchange	exchange	NOUN
ftr-365	793	39	of	of	ADP
ftr-365	793	40	information	information	NOUN
ftr-365	793	41	.	.	PUNCT
ftr-365	794	1	under	under	ADP
ftr-365	794	2	both	both	DET
ftr-365	794	3	agreements	agreement	NOUN
ftr-365	794	4	,	,	PUNCT
ftr-365	794	5	exchange	exchange	NOUN
ftr-365	794	6	of	of	ADP
ftr-365	794	7	information	information	NOUN
ftr-365	794	8	is	be	AUX
ftr-365	794	9	mandatory	mandatory	ADJ
ftr-365	794	10	rather	rather	ADV
ftr-365	794	11	than	than	ADP
ftr-365	794	12	elective	elective	ADJ
ftr-365	794	13	and	and	CCONJ
ftr-365	794	14	overrides	override	VERB
ftr-365	794	15	bank	bank	NOUN
ftr-365	794	16	secrecy	secrecy	NOUN
ftr-365	794	17	provisions	provision	NOUN
ftr-365	794	18	in	in	ADP
ftr-365	794	19	domestic	domestic	ADJ
ftr-365	794	20	laws	law	NOUN
ftr-365	794	21	.	.	PUNCT
ftr-365	795	1	192	192	NUM
ftr-365	795	2	192	192	NUM
ftr-365	795	3	.	.	PUNCT
ftr-365	796	1	see	see	VERB
ftr-365	796	2	prepared	prepared	ADJ
ftr-365	796	3	testimony	testimony	NOUN
ftr-365	796	4	of	of	ADP
ftr-365	796	5	reuven	reuven	PROPN
ftr-365	796	6	s.	s.	PROPN
ftr-365	796	7	avi	avi	PROPN
ftr-365	796	8	-	-	PUNCT
ftr-365	796	9	yonah	yonah	PROPN
ftr-365	796	10	,	,	PUNCT
ftr-365	796	11	irwin	irwin	PROPN
ftr-365	796	12	i.	i.	PROPN
ftr-365	796	13	cohn	cohn	PROPN
ftr-365	796	14	professor	professor	PROPN
ftr-365	796	15	of	of	ADP
ftr-365	796	16	law	law	NOUN
ftr-365	796	17	,	,	PUNCT
ftr-365	796	18	university	university	PROPN
ftr-365	796	19	of	of	ADP
ftr-365	796	20	michigan	michigan	PROPN
ftr-365	796	21	law	law	PROPN
ftr-365	796	22	school	school	NOUN
ftr-365	796	23	before	before	ADP
ftr-365	796	24	the	the	DET
ftr-365	796	25	u.s	u.s	PROPN
ftr-365	796	26	.	.	PROPN
ftr-365	796	27	senate	senate	PROPN
ftr-365	796	28	permanent	permanent	ADJ
ftr-365	796	29	subcommittee	subcommittee	NOUN
ftr-365	796	30	on	on	ADP
ftr-365	796	31	investigations	investigation	NOUN
ftr-365	796	32	,	,	PUNCT
ftr-365	796	33	hearing	hear	VERB
ftr-365	796	34	on	on	ADP
ftr-365	796	35	offshore	offshore	ADJ
ftr-365	796	36	transactions	transaction	NOUN
ftr-365	796	37	(	(	PUNCT
ftr-365	796	38	aug	aug	PROPN
ftr-365	796	39	.	.	PROPN
ftr-365	796	40	01	01	NUM
ftr-365	796	41	,	,	PUNCT
ftr-365	796	42	2006	2006	NUM
ftr-365	796	43	)	)	PUNCT
ftr-365	796	44	,	,	PUNCT
ftr-365	796	45	published	publish	VERB
ftr-365	796	46	in	in	ADP
ftr-365	796	47	2006	2006	NUM
ftr-365	796	48	tnt	tnt	NOUN
ftr-365	796	49	148	148	NUM
ftr-365	796	50	-	-	SYM
ftr-365	796	51	42	42	NUM
ftr-365	796	52	.	.	PUNCT
ftr-365	797	1	2008	2008	NUM
ftr-365	797	2	]	]	PUNCT
ftr-365	798	1	the	the	DET
ftr-365	798	2	case	case	NOUN
ftr-365	798	3	for	for	ADP
ftr-365	798	4	residency	residency	NOUN
ftr-365	798	5	-	-	PUNCT
ftr-365	798	6	based	base	VERB
ftr-365	798	7	taxation	taxation	NOUN
ftr-365	798	8	37	37	NUM
ftr-365	798	9	7	7	NUM
ftr-365	798	10	.	.	PUNCT
ftr-365	798	11	conclusions	conclusion	NOUN
ftr-365	798	12	in	in	ADP
ftr-365	798	13	general	general	ADJ
ftr-365	798	14	terms	term	NOUN
ftr-365	798	15	,	,	PUNCT
ftr-365	798	16	foreign	foreign	ADJ
ftr-365	798	17	investors	investor	NOUN
ftr-365	798	18	in	in	ADP
ftr-365	798	19	country	country	NOUN
ftr-365	798	20	d	d	X
ftr-365	798	21	should	should	AUX
ftr-365	798	22	not	not	PART
ftr-365	798	23	be	be	AUX
ftr-365	798	24	taxed	tax	VERB
ftr-365	798	25	on	on	ADP
ftr-365	798	26	interest	interest	NOUN
ftr-365	798	27	and	and	CCONJ
ftr-365	798	28	dividends	dividend	NOUN
ftr-365	798	29	received	receive	VERB
ftr-365	798	30	from	from	ADP
ftr-365	798	31	domestic	domestic	ADJ
ftr-365	798	32	payors	payor	NOUN
ftr-365	798	33	,	,	PUNCT
ftr-365	798	34	thereby	thereby	ADV
ftr-365	798	35	leaving	leave	VERB
ftr-365	798	36	the	the	DET
ftr-365	798	37	tax	tax	NOUN
ftr-365	798	38	jurisdiction	jurisdiction	NOUN
ftr-365	798	39	for	for	ADP
ftr-365	798	40	such	such	ADJ
ftr-365	798	41	income	income	NOUN
ftr-365	798	42	to	to	ADP
ftr-365	798	43	the	the	DET
ftr-365	798	44	investor	investor	NOUN
ftr-365	798	45	’s	’s	PART
ftr-365	798	46	residency	residency	NOUN
ftr-365	798	47	country	country	NOUN
ftr-365	798	48	.	.	PUNCT
ftr-365	799	1	as	as	SCONJ
ftr-365	799	2	set	set	VERB
ftr-365	799	3	forth	forth	ADV
ftr-365	799	4	in	in	ADP
ftr-365	799	5	greater	great	ADJ
ftr-365	799	6	detail	detail	NOUN
ftr-365	799	7	below	below	ADV
ftr-365	799	8	,	,	PUNCT
ftr-365	799	9	such	such	DET
ftr-365	799	10	a	a	DET
ftr-365	799	11	regime	regime	NOUN
ftr-365	799	12	would	would	AUX
ftr-365	799	13	not	not	PART
ftr-365	799	14	constitute	constitute	VERB
ftr-365	799	15	a	a	DET
ftr-365	799	16	harmful	harmful	ADJ
ftr-365	799	17	tax	tax	NOUN
ftr-365	799	18	competition	competition	NOUN
ftr-365	799	19	;	;	PUNCT
ftr-365	799	20	193	193	NUM
ftr-365	799	21	exempting	exempt	VERB
ftr-365	799	22	foreign	foreign	ADJ
ftr-365	799	23	portfolio	portfolio	NOUN
ftr-365	799	24	investment	investment	NOUN
ftr-365	799	25	from	from	ADP
ftr-365	799	26	tax	tax	NOUN
ftr-365	799	27	in	in	ADP
ftr-365	799	28	country	country	NOUN
ftr-365	799	29	d	d	X
ftr-365	799	30	would	would	AUX
ftr-365	799	31	simply	simply	ADV
ftr-365	799	32	make	make	VERB
ftr-365	799	33	country	country	NOUN
ftr-365	799	34	d	d	X
ftr-365	799	35	’s	’s	PART
ftr-365	799	36	tax	tax	NOUN
ftr-365	799	37	regime	regime	NOUN
ftr-365	799	38	similar	similar	ADJ
ftr-365	799	39	to	to	ADP
ftr-365	799	40	other	other	ADJ
ftr-365	799	41	tax	tax	NOUN
ftr-365	799	42	regimes	regime	NOUN
ftr-365	799	43	in	in	ADP
ftr-365	799	44	developed	developed	ADJ
ftr-365	799	45	and	and	CCONJ
ftr-365	799	46	developing	develop	VERB
ftr-365	799	47	countries	country	NOUN
ftr-365	799	48	.	.	PUNCT
ftr-365	800	1	this	this	DET
ftr-365	800	2	treatment	treatment	NOUN
ftr-365	800	3	would	would	AUX
ftr-365	800	4	also	also	ADV
ftr-365	800	5	be	be	AUX
ftr-365	800	6	consistent	consistent	ADJ
ftr-365	800	7	with	with	ADP
ftr-365	800	8	the	the	DET
ftr-365	800	9	relevant	relevant	ADJ
ftr-365	800	10	provisions	provision	NOUN
ftr-365	800	11	in	in	ADP
ftr-365	800	12	the	the	DET
ftr-365	800	13	majority	majority	NOUN
ftr-365	800	14	of	of	ADP
ftr-365	800	15	income	income	NOUN
ftr-365	800	16	tax	tax	NOUN
ftr-365	800	17	treaties	treaty	NOUN
ftr-365	800	18	.	.	PUNCT
ftr-365	801	1	194	194	NUM
ftr-365	802	1	thus	thus	ADV
ftr-365	802	2	,	,	PUNCT
ftr-365	802	3	whether	whether	SCONJ
ftr-365	802	4	country	country	NOUN
ftr-365	802	5	d	d	X
ftr-365	802	6	has	have	VERB
ftr-365	802	7	an	an	DET
ftr-365	802	8	income	income	NOUN
ftr-365	802	9	tax	tax	NOUN
ftr-365	802	10	treaty	treaty	NOUN
ftr-365	802	11	with	with	ADP
ftr-365	802	12	the	the	DET
ftr-365	802	13	foreign	foreign	ADJ
ftr-365	802	14	investor	investor	NOUN
ftr-365	802	15	’s	’s	PART
ftr-365	802	16	residency	residency	NOUN
ftr-365	802	17	country	country	NOUN
ftr-365	802	18	or	or	CCONJ
ftr-365	802	19	not	not	PART
ftr-365	802	20	would	would	AUX
ftr-365	802	21	not	not	PART
ftr-365	802	22	matter	matter	VERB
ftr-365	802	23	since	since	SCONJ
ftr-365	802	24	in	in	ADP
ftr-365	802	25	either	either	DET
ftr-365	802	26	case	case	NOUN
ftr-365	802	27	,	,	PUNCT
ftr-365	802	28	the	the	DET
ftr-365	802	29	residency	residency	NOUN
ftr-365	802	30	country	country	NOUN
ftr-365	802	31	will	will	AUX
ftr-365	802	32	collect	collect	VERB
ftr-365	802	33	the	the	DET
ftr-365	802	34	tax	tax	NOUN
ftr-365	802	35	.	.	PUNCT
ftr-365	803	1	i	i	PRON
ftr-365	803	2	would	would	AUX
ftr-365	803	3	also	also	ADV
ftr-365	803	4	suggest	suggest	VERB
ftr-365	803	5	that	that	SCONJ
ftr-365	803	6	country	country	NOUN
ftr-365	803	7	d	d	AUX
ftr-365	803	8	sign	sign	VERB
ftr-365	803	9	tax	tax	NOUN
ftr-365	803	10	treaties	treaty	NOUN
ftr-365	803	11	with	with	ADP
ftr-365	803	12	major	major	ADJ
ftr-365	803	13	counterparties	counterpartie	NOUN
ftr-365	803	14	that	that	PRON
ftr-365	803	15	will	will	AUX
ftr-365	803	16	be	be	AUX
ftr-365	803	17	consistent	consistent	ADJ
ftr-365	803	18	with	with	ADP
ftr-365	803	19	these	these	DET
ftr-365	803	20	principles	principle	NOUN
ftr-365	803	21	.	.	PUNCT
ftr-365	804	1	c.	c.	NOUN
ftr-365	804	2	taxation	taxation	PROPN
ftr-365	804	3	of	of	ADP
ftr-365	804	4	derivative	derivative	ADJ
ftr-365	804	5	transactions	transaction	NOUN
ftr-365	804	6	195	195	NUM
ftr-365	804	7	1	1	NUM
ftr-365	804	8	.	.	PUNCT
ftr-365	804	9	overview	overview	VERB
ftr-365	804	10	a	a	DET
ftr-365	804	11	derivative	derivative	ADJ
ftr-365	804	12	instrument	instrument	NOUN
ftr-365	804	13	is	be	AUX
ftr-365	804	14	a	a	DET
ftr-365	804	15	“	"	PUNCT
ftr-365	804	16	contract	contract	NOUN
ftr-365	804	17	between	between	ADP
ftr-365	804	18	two	two	NUM
ftr-365	804	19	parties	party	NOUN
ftr-365	804	20	that	that	PRON
ftr-365	804	21	specifies	specify	VERB
ftr-365	804	22	conditions	condition	NOUN
ftr-365	804	23	–	–	PUNCT
ftr-365	804	24	in	in	ADP
ftr-365	804	25	particular	particular	ADJ
ftr-365	804	26	,	,	PUNCT
ftr-365	804	27	dates	date	NOUN
ftr-365	804	28	and	and	CCONJ
ftr-365	804	29	the	the	DET
ftr-365	804	30	resulting	result	VERB
ftr-365	804	31	values	value	NOUN
ftr-365	804	32	of	of	ADP
ftr-365	804	33	the	the	DET
ftr-365	804	34	underlying	underlie	VERB
ftr-365	804	35	variables	variable	NOUN
ftr-365	804	36	–	–	PUNCT
ftr-365	804	37	under	under	ADP
ftr-365	804	38	which	which	PRON
ftr-365	804	39	payments	payment	NOUN
ftr-365	804	40	,	,	PUNCT
ftr-365	804	41	or	or	CCONJ
ftr-365	804	42	payoffs	payoff	NOUN
ftr-365	804	43	,	,	PUNCT
ftr-365	804	44	are	be	AUX
ftr-365	804	45	to	to	PART
ftr-365	804	46	be	be	AUX
ftr-365	804	47	made	make	VERB
ftr-365	804	48	between	between	ADP
ftr-365	804	49	the	the	DET
ftr-365	804	50	parties	party	NOUN
ftr-365	804	51	.	.	PUNCT
ftr-365	804	52	”	"	PUNCT
ftr-365	805	1	196	196	NUM
ftr-365	805	2	derivative	derivative	ADJ
ftr-365	805	3	instruments	instrument	NOUN
ftr-365	805	4	generally	generally	ADV
ftr-365	805	5	include	include	VERB
ftr-365	805	6	options	option	NOUN
ftr-365	805	7	,	,	PUNCT
ftr-365	805	8	forwards	forward	NOUN
ftr-365	805	9	,	,	PUNCT
ftr-365	805	10	futures	future	NOUN
ftr-365	805	11	and	and	CCONJ
ftr-365	805	12	notional	notional	ADJ
ftr-365	805	13	principal	principal	ADJ
ftr-365	805	14	contracts	contract	NOUN
ftr-365	805	15	.	.	PUNCT
ftr-365	806	1	197	197	NUM
ftr-365	806	2	according	accord	VERB
ftr-365	806	3	to	to	ADP
ftr-365	806	4	david	david	PROPN
ftr-365	806	5	rosenbloom	rosenbloom	PROPN
ftr-365	806	6	,	,	PUNCT
ftr-365	806	7	to	to	ADP
ftr-365	806	8	some	some	DET
ftr-365	806	9	193	193	NUM
ftr-365	806	10	.	.	PUNCT
ftr-365	807	1	for	for	ADP
ftr-365	807	2	a	a	DET
ftr-365	807	3	seminal	seminal	ADJ
ftr-365	807	4	article	article	NOUN
ftr-365	807	5	on	on	ADP
ftr-365	807	6	tax	tax	NOUN
ftr-365	807	7	competition	competition	NOUN
ftr-365	807	8	,	,	PUNCT
ftr-365	807	9	see	see	VERB
ftr-365	807	10	charles	charles	PROPN
ftr-365	807	11	tiebout	tiebout	PROPN
ftr-365	807	12	,	,	PUNCT
ftr-365	807	13	a	a	DET
ftr-365	807	14	pure	pure	ADJ
ftr-365	807	15	theory	theory	NOUN
ftr-365	807	16	of	of	ADP
ftr-365	807	17	local	local	ADJ
ftr-365	807	18	expenditures	expenditure	NOUN
ftr-365	807	19	,	,	PUNCT
ftr-365	807	20	journal	journal	NOUN
ftr-365	807	21	of	of	ADP
ftr-365	807	22	political	political	ADJ
ftr-365	807	23	economy	economy	NOUN
ftr-365	807	24	,	,	PUNCT
ftr-365	807	25	oct	oct	PROPN
ftr-365	807	26	.	.	PROPN
ftr-365	807	27	1956	1956	NUM
ftr-365	807	28	,	,	PUNCT
ftr-365	807	29	pp	pp	ADJ
ftr-365	807	30	.	.	PUNCT
ftr-365	808	1	416	416	NUM
ftr-365	808	2	-	-	SYM
ftr-365	808	3	24	24	NUM
ftr-365	808	4	.	.	PUNCT
ftr-365	809	1	see	see	VERB
ftr-365	809	2	also	also	ADV
ftr-365	809	3	oecd	oecd	PROPN
ftr-365	809	4	report	report	NOUN
ftr-365	809	5	(	(	PUNCT
ftr-365	809	6	1998	1998	NUM
ftr-365	809	7	)	)	PUNCT
ftr-365	809	8	,	,	PUNCT
ftr-365	809	9	supra	supra	PROPN
ftr-365	809	10	note	note	NOUN
ftr-365	809	11	1	1	NUM
ftr-365	809	12	,	,	PUNCT
ftr-365	809	13	at	at	ADP
ftr-365	809	14	14	14	NUM
ftr-365	809	15	(	(	PUNCT
ftr-365	809	16	defining	define	VERB
ftr-365	809	17	harmful	harmful	ADJ
ftr-365	809	18	tax	tax	NOUN
ftr-365	809	19	competition	competition	NOUN
ftr-365	809	20	as	as	ADP
ftr-365	809	21	“	"	PUNCT
ftr-365	809	22	free	free	ADJ
ftr-365	809	23	riding	riding	NOUN
ftr-365	809	24	”	"	PUNCT
ftr-365	809	25	that	that	PRON
ftr-365	809	26	“	"	PUNCT
ftr-365	809	27	may	may	AUX
ftr-365	809	28	hamper	hamper	VERB
ftr-365	809	29	the	the	DET
ftr-365	809	30	application	application	NOUN
ftr-365	809	31	of	of	ADP
ftr-365	809	32	progressive	progressive	ADJ
ftr-365	809	33	tax	tax	NOUN
ftr-365	809	34	rates	rate	NOUN
ftr-365	809	35	and	and	CCONJ
ftr-365	809	36	the	the	DET
ftr-365	809	37	achievement	achievement	NOUN
ftr-365	809	38	of	of	ADP
ftr-365	809	39	redistributive	redistributive	ADJ
ftr-365	809	40	goals	goal	NOUN
ftr-365	809	41	.	.	PUNCT
ftr-365	809	42	”	"	PUNCT
ftr-365	809	43	)	)	PUNCT
ftr-365	809	44	.	.	PUNCT
ftr-365	810	1	194	194	NUM
ftr-365	810	2	.	.	PUNCT
ftr-365	811	1	see	see	VERB
ftr-365	811	2	ault	ault	PROPN
ftr-365	811	3	,	,	PUNCT
ftr-365	811	4	supra	supra	PROPN
ftr-365	811	5	note	note	PROPN
ftr-365	811	6	4	4	NUM
ftr-365	811	7	,	,	PUNCT
ftr-365	811	8	at	at	ADP
ftr-365	811	9	571	571	NUM
ftr-365	811	10	(	(	PUNCT
ftr-365	811	11	“	"	PUNCT
ftr-365	811	12	the	the	DET
ftr-365	811	13	treaty	treaty	NOUN
ftr-365	811	14	structure	structure	NOUN
ftr-365	811	15	has	have	AUX
ftr-365	811	16	been	be	AUX
ftr-365	811	17	developed	develop	VERB
ftr-365	811	18	explicitly	explicitly	ADV
ftr-365	811	19	to	to	PART
ftr-365	811	20	allocate	allocate	VERB
ftr-365	811	21	taxing	tax	VERB
ftr-365	811	22	claims	claim	NOUN
ftr-365	811	23	with	with	ADP
ftr-365	811	24	respect	respect	NOUN
ftr-365	811	25	to	to	ADP
ftr-365	811	26	international	international	ADJ
ftr-365	811	27	income	income	NOUN
ftr-365	811	28	.	.	PUNCT
ftr-365	811	29	”	"	PUNCT
ftr-365	811	30	)	)	PUNCT
ftr-365	811	31	.	.	PUNCT
ftr-365	812	1	195	195	NUM
ftr-365	812	2	.	.	X
ftr-365	813	1	for	for	ADP
ftr-365	813	2	an	an	DET
ftr-365	813	3	excellent	excellent	ADJ
ftr-365	813	4	overview	overview	NOUN
ftr-365	813	5	of	of	ADP
ftr-365	813	6	what	what	PRON
ftr-365	813	7	are	be	AUX
ftr-365	813	8	derivatives	derivative	NOUN
ftr-365	813	9	,	,	PUNCT
ftr-365	813	10	who	who	PRON
ftr-365	813	11	uses	use	VERB
ftr-365	813	12	them	they	PRON
ftr-365	813	13	,	,	PUNCT
ftr-365	813	14	for	for	ADP
ftr-365	813	15	what	what	DET
ftr-365	813	16	purposes	purpose	NOUN
ftr-365	813	17	,	,	PUNCT
ftr-365	813	18	and	and	CCONJ
ftr-365	813	19	how	how	SCONJ
ftr-365	813	20	they	they	PRON
ftr-365	813	21	are	be	AUX
ftr-365	813	22	taxed	tax	VERB
ftr-365	813	23	(	(	PUNCT
ftr-365	813	24	and	and	CCONJ
ftr-365	813	25	how	how	SCONJ
ftr-365	813	26	should	should	AUX
ftr-365	813	27	derivatives	derivative	NOUN
ftr-365	813	28	be	be	AUX
ftr-365	813	29	taxed	tax	VERB
ftr-365	813	30	)	)	PUNCT
ftr-365	813	31	,	,	PUNCT
ftr-365	813	32	see	see	VERB
ftr-365	813	33	may	may	AUX
ftr-365	813	34	,	,	PUNCT
ftr-365	813	35	supra	supra	PROPN
ftr-365	813	36	note	note	VERB
ftr-365	813	37	6	6	NUM
ftr-365	813	38	,	,	PUNCT
ftr-365	813	39	and	and	CCONJ
ftr-365	813	40	rosenbloom	rosenbloom	NOUN
ftr-365	813	41	,	,	PUNCT
ftr-365	813	42	supra	supra	PROPN
ftr-365	813	43	note	note	NOUN
ftr-365	813	44	32	32	NUM
ftr-365	813	45	,	,	PUNCT
ftr-365	813	46	both	both	PRON
ftr-365	813	47	of	of	ADP
ftr-365	813	48	which	which	PRON
ftr-365	813	49	were	be	AUX
ftr-365	813	50	written	write	VERB
ftr-365	813	51	in	in	ADP
ftr-365	813	52	connection	connection	NOUN
ftr-365	813	53	with	with	ADP
ftr-365	813	54	the	the	DET
ftr-365	813	55	ifa	ifa	PROPN
ftr-365	813	56	report	report	NOUN
ftr-365	813	57	(	(	PUNCT
ftr-365	813	58	1995	1995	NUM
ftr-365	813	59	)	)	PUNCT
ftr-365	813	60	.	.	PUNCT
ftr-365	814	1	an	an	DET
ftr-365	814	2	in	in	ADP
ftr-365	814	3	-	-	PUNCT
ftr-365	814	4	depth	depth	NOUN
ftr-365	814	5	discussion	discussion	NOUN
ftr-365	814	6	on	on	ADP
ftr-365	814	7	these	these	DET
ftr-365	814	8	issues	issue	NOUN
ftr-365	814	9	is	be	AUX
ftr-365	814	10	beyond	beyond	ADP
ftr-365	814	11	the	the	DET
ftr-365	814	12	scope	scope	NOUN
ftr-365	814	13	of	of	ADP
ftr-365	814	14	this	this	DET
ftr-365	814	15	article	article	NOUN
ftr-365	814	16	.	.	PUNCT
ftr-365	815	1	196	196	NUM
ftr-365	815	2	.	.	PUNCT
ftr-365	816	1	m.	m.	PROPN
ftr-365	816	2	rubinstein	rubinstein	PROPN
ftr-365	816	3	,	,	PUNCT
ftr-365	816	4	rubinstein	rubinstein	PROPN
ftr-365	816	5	on	on	ADP
ftr-365	816	6	derivatives	derivative	NOUN
ftr-365	816	7	§	§	PROPN
ftr-365	816	8	1	1	NUM
ftr-365	816	9	(	(	PUNCT
ftr-365	816	10	1999	1999	NUM
ftr-365	816	11	)	)	PUNCT
ftr-365	816	12	.	.	PUNCT
ftr-365	817	1	see	see	VERB
ftr-365	817	2	also	also	ADV
ftr-365	817	3	keinan	keinan	X
ftr-365	817	4	(	(	PUNCT
ftr-365	817	5	2007	2007	NUM
ftr-365	817	6	)	)	PUNCT
ftr-365	817	7	,	,	PUNCT
ftr-365	817	8	supra	supra	PROPN
ftr-365	817	9	note	note	NOUN
ftr-365	817	10	32	32	NUM
ftr-365	817	11	,	,	PUNCT
ftr-365	817	12	at	at	ADP
ftr-365	817	13	87	87	NUM
ftr-365	817	14	.	.	PUNCT
ftr-365	817	15	197	197	NUM
ftr-365	817	16	.	.	PUNCT
ftr-365	818	1	see	see	VERB
ftr-365	818	2	plambeck	plambeck	NOUN
ftr-365	818	3	,	,	PUNCT
ftr-365	818	4	rosenbloom	rosenbloom	NOUN
ftr-365	818	5	&	&	CCONJ
ftr-365	818	6	ring	ring	PROPN
ftr-365	818	7	,	,	PUNCT
ftr-365	818	8	general	general	ADJ
ftr-365	818	9	report	report	NOUN
ftr-365	818	10	,	,	PUNCT
ftr-365	818	11	in	in	ADP
ftr-365	818	12	85b	85b	NUM
ftr-365	818	13	cahiers	cahier	NOUN
ftr-365	818	14	de	de	X
ftr-365	818	15	droit	droit	PROPN
ftr-365	818	16	fiscal	fiscal	PROPN
ftr-365	818	17	international	international	PROPN
ftr-365	818	18	,	,	PUNCT
ftr-365	818	19	660	660	NUM
ftr-365	818	20	-	-	SYM
ftr-365	818	21	661	661	NUM
ftr-365	818	22	(	(	PUNCT
ftr-365	818	23	kluwer	kluwer	NOUN
ftr-365	818	24	1995	1995	NUM
ftr-365	818	25	)	)	PUNCT
ftr-365	818	26	(	(	PUNCT
ftr-365	818	27	“	"	PUNCT
ftr-365	818	28	in	in	ADP
ftr-365	818	29	general	general	ADJ
ftr-365	818	30	,	,	PUNCT
ftr-365	818	31	financial	financial	ADJ
ftr-365	818	32	instruments	instrument	NOUN
ftr-365	818	33	are	be	AUX
ftr-365	818	34	contractually	contractually	ADV
ftr-365	818	35	created	create	VERB
ftr-365	818	36	rights	right	NOUN
ftr-365	818	37	and	and	CCONJ
ftr-365	818	38	obligations	obligation	NOUN
ftr-365	818	39	to	to	PART
ftr-365	818	40	transfer	transfer	VERB
ftr-365	818	41	specified	specified	ADJ
ftr-365	818	42	amounts	amount	NOUN
ftr-365	818	43	of	of	ADP
ftr-365	818	44	money	money	NOUN
ftr-365	818	45	at	at	ADP
ftr-365	818	46	38	38	NUM
ftr-365	818	47	florida	florida	PROPN
ftr-365	818	48	tax	tax	NOUN
ftr-365	818	49	review	review	NOUN
ftr-365	819	1	[	[	X
ftr-365	819	2	vol	vol	NOUN
ftr-365	819	3	.	.	PUNCT
ftr-365	820	1	9:1	9:1	NUM
ftr-365	820	2	extent	extent	NOUN
ftr-365	820	3	,	,	PUNCT
ftr-365	820	4	a	a	DET
ftr-365	820	5	derivative	derivative	ADJ
ftr-365	820	6	instrument	instrument	NOUN
ftr-365	820	7	resembles	resemble	VERB
ftr-365	820	8	an	an	DET
ftr-365	820	9	insurance	insurance	NOUN
ftr-365	820	10	contract	contract	NOUN
ftr-365	820	11	because	because	SCONJ
ftr-365	820	12	it	it	PRON
ftr-365	820	13	is	be	AUX
ftr-365	820	14	“	"	PUNCT
ftr-365	820	15	a	a	DET
ftr-365	820	16	device	device	NOUN
ftr-365	820	17	used	use	VERB
ftr-365	820	18	to	to	PART
ftr-365	820	19	shift	shift	VERB
ftr-365	820	20	risk	risk	NOUN
ftr-365	820	21	from	from	ADP
ftr-365	820	22	one	one	NUM
ftr-365	820	23	party	party	NOUN
ftr-365	820	24	to	to	ADP
ftr-365	820	25	another	another	PRON
ftr-365	820	26	.	.	PUNCT
ftr-365	820	27	”	"	PUNCT
ftr-365	821	1	198	198	NUM
ftr-365	821	2	options	option	NOUN
ftr-365	821	3	:	:	PUNCT
ftr-365	821	4	an	an	DET
ftr-365	821	5	option	option	NOUN
ftr-365	821	6	is	be	AUX
ftr-365	821	7	an	an	DET
ftr-365	821	8	agreement	agreement	NOUN
ftr-365	821	9	pursuant	pursuant	ADJ
ftr-365	821	10	to	to	ADP
ftr-365	821	11	which	which	PRON
ftr-365	821	12	the	the	DET
ftr-365	821	13	buyer	buyer	NOUN
ftr-365	821	14	of	of	ADP
ftr-365	821	15	the	the	DET
ftr-365	821	16	option	option	NOUN
ftr-365	821	17	has	have	VERB
ftr-365	821	18	the	the	DET
ftr-365	821	19	right	right	NOUN
ftr-365	821	20	but	but	CCONJ
ftr-365	821	21	not	not	PART
ftr-365	821	22	the	the	DET
ftr-365	821	23	obligation	obligation	NOUN
ftr-365	821	24	to	to	PART
ftr-365	821	25	buy	buy	VERB
ftr-365	821	26	from	from	ADP
ftr-365	821	27	,	,	PUNCT
ftr-365	821	28	or	or	CCONJ
ftr-365	821	29	to	to	PART
ftr-365	821	30	sell	sell	VERB
ftr-365	821	31	to	to	ADP
ftr-365	821	32	,	,	PUNCT
ftr-365	821	33	the	the	DET
ftr-365	821	34	seller	seller	NOUN
ftr-365	821	35	,	,	PUNCT
ftr-365	821	36	a	a	DET
ftr-365	821	37	pre	pre	ADJ
ftr-365	821	38	-	-	ADJ
ftr-365	821	39	specified	specified	ADJ
ftr-365	821	40	number	number	NOUN
ftr-365	821	41	of	of	ADP
ftr-365	821	42	units	unit	NOUN
ftr-365	821	43	of	of	ADP
ftr-365	821	44	underlying	underlie	VERB
ftr-365	821	45	asset	asset	NOUN
ftr-365	821	46	,	,	PUNCT
ftr-365	821	47	for	for	ADP
ftr-365	821	48	a	a	DET
ftr-365	821	49	pre	pre	ADJ
ftr-365	821	50	-	-	ADJ
ftr-365	821	51	specified	specified	ADJ
ftr-365	821	52	price	price	NOUN
ftr-365	821	53	(	(	PUNCT
ftr-365	821	54	strike	strike	NOUN
ftr-365	821	55	price	price	NOUN
ftr-365	821	56	)	)	PUNCT
ftr-365	821	57	at	at	ADP
ftr-365	821	58	or	or	CCONJ
ftr-365	821	59	before	before	ADP
ftr-365	821	60	a	a	DET
ftr-365	821	61	specified	specify	VERB
ftr-365	821	62	date	date	NOUN
ftr-365	821	63	in	in	ADP
ftr-365	821	64	the	the	DET
ftr-365	821	65	future	future	NOUN
ftr-365	821	66	(	(	PUNCT
ftr-365	821	67	expiration	expiration	NOUN
ftr-365	821	68	date	date	NOUN
ftr-365	821	69	)	)	PUNCT
ftr-365	821	70	.	.	PUNCT
ftr-365	822	1	199	199	NUM
ftr-365	822	2	an	an	DET
ftr-365	822	3	option	option	NOUN
ftr-365	822	4	is	be	AUX
ftr-365	822	5	defined	define	VERB
ftr-365	822	6	for	for	ADP
ftr-365	822	7	u.s	u.s	PROPN
ftr-365	822	8	.	.	PROPN
ftr-365	822	9	tax	tax	NOUN
ftr-365	822	10	purposes	purpose	NOUN
ftr-365	822	11	as	as	ADP
ftr-365	822	12	a	a	DET
ftr-365	822	13	contract	contract	NOUN
ftr-365	822	14	pursuant	pursuant	ADJ
ftr-365	822	15	to	to	ADP
ftr-365	822	16	which	which	PRON
ftr-365	822	17	the	the	DET
ftr-365	822	18	writer	writer	NOUN
ftr-365	822	19	of	of	ADP
ftr-365	822	20	the	the	DET
ftr-365	822	21	option	option	NOUN
ftr-365	822	22	undertakes	undertake	VERB
ftr-365	822	23	an	an	DET
ftr-365	822	24	obligation	obligation	NOUN
ftr-365	822	25	to	to	PART
ftr-365	822	26	sell	sell	VERB
ftr-365	822	27	to	to	ADP
ftr-365	822	28	the	the	DET
ftr-365	822	29	option	option	NOUN
ftr-365	822	30	holder	holder	NOUN
ftr-365	822	31	,	,	PUNCT
ftr-365	822	32	or	or	CCONJ
ftr-365	822	33	purchase	purchase	VERB
ftr-365	822	34	from	from	ADP
ftr-365	822	35	the	the	DET
ftr-365	822	36	holder	holder	NOUN
ftr-365	822	37	,	,	PUNCT
ftr-365	822	38	specific	specific	ADJ
ftr-365	822	39	property	property	NOUN
ftr-365	822	40	at	at	ADP
ftr-365	822	41	a	a	DET
ftr-365	822	42	fixed	fix	VERB
ftr-365	822	43	or	or	CCONJ
ftr-365	822	44	determinable	determinable	ADJ
ftr-365	822	45	price	price	NOUN
ftr-365	822	46	and	and	CCONJ
ftr-365	822	47	time	time	NOUN
ftr-365	822	48	.	.	PUNCT
ftr-365	823	1	200	200	NUM
ftr-365	823	2	generally	generally	ADV
ftr-365	823	3	,	,	PUNCT
ftr-365	823	4	options	option	NOUN
ftr-365	823	5	,	,	PUNCT
ftr-365	823	6	like	like	ADP
ftr-365	823	7	forward	forward	ADJ
ftr-365	823	8	contracts	contract	NOUN
ftr-365	823	9	(	(	PUNCT
ftr-365	823	10	discussed	discuss	VERB
ftr-365	823	11	immediately	immediately	ADV
ftr-365	823	12	below	below	ADV
ftr-365	823	13	)	)	PUNCT
ftr-365	823	14	,	,	PUNCT
ftr-365	823	15	are	be	AUX
ftr-365	823	16	treated	treat	VERB
ftr-365	823	17	as	as	ADP
ftr-365	823	18	open	open	ADJ
ftr-365	823	19	transactions	transaction	NOUN
ftr-365	823	20	for	for	ADP
ftr-365	823	21	united	united	PROPN
ftr-365	823	22	states	states	PROPN
ftr-365	823	23	tax	tax	NOUN
ftr-365	823	24	purposes	purpose	NOUN
ftr-365	823	25	.	.	PUNCT
ftr-365	824	1	201	201	NUM
ftr-365	824	2	specified	specify	VERB
ftr-365	824	3	points	point	NOUN
ftr-365	824	4	in	in	ADP
ftr-365	824	5	time	time	NOUN
ftr-365	824	6	.	.	PUNCT
ftr-365	825	1	the	the	DET
ftr-365	825	2	terms	term	NOUN
ftr-365	825	3	of	of	ADP
ftr-365	825	4	the	the	DET
ftr-365	825	5	payments	payment	NOUN
ftr-365	825	6	express	express	VERB
ftr-365	825	7	the	the	DET
ftr-365	825	8	risks	risk	NOUN
ftr-365	825	9	and	and	CCONJ
ftr-365	825	10	rewards	reward	NOUN
ftr-365	825	11	accepted	accept	VERB
ftr-365	825	12	by	by	ADP
ftr-365	825	13	each	each	PRON
ftr-365	825	14	of	of	ADP
ftr-365	825	15	the	the	DET
ftr-365	825	16	parties	party	NOUN
ftr-365	825	17	to	to	ADP
ftr-365	825	18	the	the	DET
ftr-365	825	19	contract	contract	NOUN
ftr-365	825	20	.	.	PUNCT
ftr-365	826	1	a	a	DET
ftr-365	826	2	derivative	derivative	ADJ
ftr-365	826	3	financial	financial	ADJ
ftr-365	826	4	instrument	instrument	NOUN
ftr-365	826	5	is	be	AUX
ftr-365	826	6	one	one	NUM
ftr-365	826	7	under	under	ADP
ftr-365	826	8	which	which	PRON
ftr-365	826	9	the	the	DET
ftr-365	826	10	payment	payment	NOUN
ftr-365	826	11	rights	right	NOUN
ftr-365	826	12	and	and	CCONJ
ftr-365	826	13	obligations	obligation	NOUN
ftr-365	826	14	of	of	ADP
ftr-365	826	15	the	the	DET
ftr-365	826	16	parties	party	NOUN
ftr-365	826	17	(	(	PUNCT
ftr-365	826	18	and	and	CCONJ
ftr-365	826	19	therefore	therefore	ADV
ftr-365	826	20	the	the	DET
ftr-365	826	21	value	value	NOUN
ftr-365	826	22	of	of	ADP
ftr-365	826	23	the	the	DET
ftr-365	826	24	contract	contract	NOUN
ftr-365	826	25	)	)	PUNCT
ftr-365	826	26	derive	derive	VERB
ftr-365	826	27	from	from	ADP
ftr-365	826	28	the	the	DET
ftr-365	826	29	value	value	NOUN
ftr-365	826	30	of	of	ADP
ftr-365	826	31	an	an	DET
ftr-365	826	32	underlying	underlie	VERB
ftr-365	826	33	cash	cash	NOUN
ftr-365	826	34	or	or	CCONJ
ftr-365	826	35	physical	physical	ADJ
ftr-365	826	36	market	market	NOUN
ftr-365	826	37	(	(	PUNCT
ftr-365	826	38	e.g.	e.g.	ADV
ftr-365	826	39	,	,	PUNCT
ftr-365	826	40	foreign	foreign	ADJ
ftr-365	826	41	exchange	exchange	NOUN
ftr-365	826	42	,	,	PUNCT
ftr-365	826	43	securities	security	NOUN
ftr-365	826	44	,	,	PUNCT
ftr-365	826	45	commodities	commodity	NOUN
ftr-365	826	46	)	)	PUNCT
ftr-365	826	47	or	or	CCONJ
ftr-365	826	48	from	from	ADP
ftr-365	826	49	particular	particular	ADJ
ftr-365	826	50	indices	index	NOUN
ftr-365	826	51	or	or	CCONJ
ftr-365	826	52	combinations	combination	NOUN
ftr-365	826	53	of	of	ADP
ftr-365	826	54	indices	index	NOUN
ftr-365	826	55	.	.	PUNCT
ftr-365	826	56	”	"	PUNCT
ftr-365	826	57	)	)	PUNCT
ftr-365	826	58	.	.	PUNCT
ftr-365	827	1	198	198	NUM
ftr-365	827	2	.	.	PUNCT
ftr-365	828	1	rosenbloom	rosenbloom	NOUN
ftr-365	828	2	,	,	PUNCT
ftr-365	828	3	supra	supra	PROPN
ftr-365	828	4	note	note	NOUN
ftr-365	828	5	32	32	NUM
ftr-365	828	6	,	,	PUNCT
ftr-365	828	7	at	at	ADP
ftr-365	828	8	597	597	NUM
ftr-365	828	9	.	.	PUNCT
ftr-365	828	10	199	199	NUM
ftr-365	828	11	.	.	PUNCT
ftr-365	829	1	see	see	VERB
ftr-365	829	2	federal	federal	ADJ
ftr-365	829	3	home	home	PROPN
ftr-365	829	4	loan	loan	NOUN
ftr-365	829	5	mortgage	mortgage	NOUN
ftr-365	829	6	corporation	corporation	NOUN
ftr-365	829	7	v.	v.	ADP
ftr-365	829	8	comm’r	comm’r	NOUN
ftr-365	829	9	,	,	PUNCT
ftr-365	829	10	125	125	NUM
ftr-365	829	11	t.c	t.c	PROPN
ftr-365	829	12	.	.	PUNCT
ftr-365	830	1	no	no	INTJ
ftr-365	830	2	.	.	NOUN
ftr-365	830	3	12	12	NUM
ftr-365	830	4	(	(	PUNCT
ftr-365	830	5	2005	2005	NUM
ftr-365	830	6	)	)	PUNCT
ftr-365	830	7	(	(	PUNCT
ftr-365	830	8	the	the	DET
ftr-365	830	9	tax	tax	NOUN
ftr-365	830	10	court	court	NOUN
ftr-365	830	11	provided	provide	VERB
ftr-365	830	12	an	an	DET
ftr-365	830	13	excellent	excellent	ADJ
ftr-365	830	14	overview	overview	NOUN
ftr-365	830	15	on	on	ADP
ftr-365	830	16	the	the	DET
ftr-365	830	17	economics	economic	NOUN
ftr-365	830	18	of	of	ADP
ftr-365	830	19	option	option	NOUN
ftr-365	830	20	contracts	contract	NOUN
ftr-365	830	21	)	)	PUNCT
ftr-365	830	22	.	.	PUNCT
ftr-365	831	1	a	a	DET
ftr-365	831	2	call	call	NOUN
ftr-365	831	3	option	option	NOUN
ftr-365	831	4	is	be	AUX
ftr-365	831	5	a	a	DET
ftr-365	831	6	contract	contract	NOUN
ftr-365	831	7	that	that	PRON
ftr-365	831	8	allows	allow	VERB
ftr-365	831	9	the	the	DET
ftr-365	831	10	holder	holder	NOUN
ftr-365	831	11	to	to	PART
ftr-365	831	12	buy	buy	VERB
ftr-365	831	13	a	a	DET
ftr-365	831	14	specified	specified	ADJ
ftr-365	831	15	quantity	quantity	NOUN
ftr-365	831	16	of	of	ADP
ftr-365	831	17	stock	stock	NOUN
ftr-365	831	18	from	from	ADP
ftr-365	831	19	the	the	DET
ftr-365	831	20	writer	writer	NOUN
ftr-365	831	21	of	of	ADP
ftr-365	831	22	the	the	DET
ftr-365	831	23	contract	contract	NOUN
ftr-365	831	24	at	at	ADP
ftr-365	831	25	a	a	DET
ftr-365	831	26	fixed	fix	VERB
ftr-365	831	27	price	price	NOUN
ftr-365	831	28	for	for	ADP
ftr-365	831	29	a	a	DET
ftr-365	831	30	given	give	VERB
ftr-365	831	31	period	period	NOUN
ftr-365	831	32	.	.	PUNCT
ftr-365	832	1	thus	thus	ADV
ftr-365	832	2	,	,	PUNCT
ftr-365	832	3	if	if	SCONJ
ftr-365	832	4	the	the	DET
ftr-365	832	5	market	market	NOUN
ftr-365	832	6	value	value	NOUN
ftr-365	832	7	of	of	ADP
ftr-365	832	8	such	such	ADJ
ftr-365	832	9	stock	stock	NOUN
ftr-365	832	10	were	be	AUX
ftr-365	832	11	to	to	PART
ftr-365	832	12	fall	fall	VERB
ftr-365	832	13	below	below	ADP
ftr-365	832	14	the	the	DET
ftr-365	832	15	price	price	NOUN
ftr-365	832	16	specified	specify	VERB
ftr-365	832	17	in	in	ADP
ftr-365	832	18	the	the	DET
ftr-365	832	19	option	option	NOUN
ftr-365	832	20	contract	contract	NOUN
ftr-365	832	21	,	,	PUNCT
ftr-365	832	22	the	the	DET
ftr-365	832	23	holder	holder	NOUN
ftr-365	832	24	normally	normally	ADV
ftr-365	832	25	would	would	AUX
ftr-365	832	26	not	not	PART
ftr-365	832	27	exercise	exercise	VERB
ftr-365	832	28	the	the	DET
ftr-365	832	29	option	option	NOUN
ftr-365	832	30	and	and	CCONJ
ftr-365	832	31	would	would	AUX
ftr-365	832	32	allow	allow	VERB
ftr-365	832	33	it	it	PRON
ftr-365	832	34	to	to	ADP
ftr-365	832	35	lapse	lapse	NOUN
ftr-365	832	36	.	.	PUNCT
ftr-365	833	1	on	on	ADP
ftr-365	833	2	the	the	DET
ftr-365	833	3	other	other	ADJ
ftr-365	833	4	hand	hand	NOUN
ftr-365	833	5	,	,	PUNCT
ftr-365	833	6	if	if	SCONJ
ftr-365	833	7	the	the	DET
ftr-365	833	8	market	market	NOUN
ftr-365	833	9	value	value	NOUN
ftr-365	833	10	of	of	ADP
ftr-365	833	11	the	the	DET
ftr-365	833	12	underlying	underlie	VERB
ftr-365	833	13	stock	stock	NOUN
ftr-365	833	14	were	be	AUX
ftr-365	833	15	to	to	PART
ftr-365	833	16	rise	rise	VERB
ftr-365	833	17	above	above	ADP
ftr-365	833	18	the	the	DET
ftr-365	833	19	price	price	NOUN
ftr-365	833	20	specified	specify	VERB
ftr-365	833	21	in	in	ADP
ftr-365	833	22	the	the	DET
ftr-365	833	23	option	option	NOUN
ftr-365	833	24	contract	contract	NOUN
ftr-365	833	25	,	,	PUNCT
ftr-365	833	26	the	the	DET
ftr-365	833	27	holder	holder	NOUN
ftr-365	833	28	probably	probably	ADV
ftr-365	833	29	would	would	AUX
ftr-365	833	30	exercise	exercise	VERB
ftr-365	833	31	the	the	DET
ftr-365	833	32	option	option	NOUN
ftr-365	833	33	before	before	SCONJ
ftr-365	833	34	it	it	PRON
ftr-365	833	35	lapses	lapse	VERB
ftr-365	833	36	.	.	PUNCT
ftr-365	834	1	a	a	DET
ftr-365	834	2	put	put	NOUN
ftr-365	834	3	option	option	NOUN
ftr-365	834	4	is	be	AUX
ftr-365	834	5	a	a	DET
ftr-365	834	6	contract	contract	NOUN
ftr-365	834	7	that	that	PRON
ftr-365	834	8	allows	allow	VERB
ftr-365	834	9	the	the	DET
ftr-365	834	10	holder	holder	NOUN
ftr-365	834	11	to	to	PART
ftr-365	834	12	sell	sell	VERB
ftr-365	834	13	a	a	DET
ftr-365	834	14	specified	specified	ADJ
ftr-365	834	15	quantity	quantity	NOUN
ftr-365	834	16	of	of	ADP
ftr-365	834	17	stock	stock	NOUN
ftr-365	834	18	to	to	ADP
ftr-365	834	19	the	the	DET
ftr-365	834	20	writer	writer	NOUN
ftr-365	834	21	of	of	ADP
ftr-365	834	22	the	the	DET
ftr-365	834	23	contract	contract	NOUN
ftr-365	834	24	at	at	ADP
ftr-365	834	25	a	a	DET
ftr-365	834	26	fixed	fix	VERB
ftr-365	834	27	price	price	NOUN
ftr-365	834	28	during	during	ADP
ftr-365	834	29	a	a	DET
ftr-365	834	30	given	give	VERB
ftr-365	834	31	period	period	NOUN
ftr-365	834	32	.	.	PUNCT
ftr-365	835	1	thus	thus	ADV
ftr-365	835	2	,	,	PUNCT
ftr-365	835	3	if	if	SCONJ
ftr-365	835	4	the	the	DET
ftr-365	835	5	market	market	NOUN
ftr-365	835	6	value	value	NOUN
ftr-365	835	7	of	of	ADP
ftr-365	835	8	the	the	DET
ftr-365	835	9	stock	stock	NOUN
ftr-365	835	10	that	that	PRON
ftr-365	835	11	is	be	AUX
ftr-365	835	12	the	the	DET
ftr-365	835	13	subject	subject	NOUN
ftr-365	835	14	of	of	ADP
ftr-365	835	15	the	the	DET
ftr-365	835	16	option	option	NOUN
ftr-365	835	17	were	be	AUX
ftr-365	835	18	to	to	PART
ftr-365	835	19	rise	rise	VERB
ftr-365	835	20	above	above	ADP
ftr-365	835	21	the	the	DET
ftr-365	835	22	price	price	NOUN
ftr-365	835	23	specified	specify	VERB
ftr-365	835	24	in	in	ADP
ftr-365	835	25	the	the	DET
ftr-365	835	26	option	option	NOUN
ftr-365	835	27	contract	contract	NOUN
ftr-365	835	28	,	,	PUNCT
ftr-365	835	29	the	the	DET
ftr-365	835	30	holder	holder	NOUN
ftr-365	835	31	of	of	ADP
ftr-365	835	32	the	the	DET
ftr-365	835	33	put	put	NOUN
ftr-365	835	34	normally	normally	ADV
ftr-365	835	35	would	would	AUX
ftr-365	835	36	not	not	PART
ftr-365	835	37	exercise	exercise	VERB
ftr-365	835	38	the	the	DET
ftr-365	835	39	option	option	NOUN
ftr-365	835	40	and	and	CCONJ
ftr-365	835	41	would	would	AUX
ftr-365	835	42	allow	allow	VERB
ftr-365	835	43	it	it	PRON
ftr-365	835	44	to	to	ADP
ftr-365	835	45	lapse	lapse	NOUN
ftr-365	835	46	.	.	PUNCT
ftr-365	836	1	on	on	ADP
ftr-365	836	2	the	the	DET
ftr-365	836	3	other	other	ADJ
ftr-365	836	4	hand	hand	NOUN
ftr-365	836	5	,	,	PUNCT
ftr-365	836	6	if	if	SCONJ
ftr-365	836	7	the	the	DET
ftr-365	836	8	market	market	NOUN
ftr-365	836	9	value	value	NOUN
ftr-365	836	10	of	of	ADP
ftr-365	836	11	the	the	DET
ftr-365	836	12	underlying	underlie	VERB
ftr-365	836	13	stock	stock	NOUN
ftr-365	836	14	were	be	AUX
ftr-365	836	15	to	to	PART
ftr-365	836	16	fall	fall	VERB
ftr-365	836	17	below	below	ADP
ftr-365	836	18	the	the	DET
ftr-365	836	19	price	price	NOUN
ftr-365	836	20	specified	specify	VERB
ftr-365	836	21	in	in	ADP
ftr-365	836	22	the	the	DET
ftr-365	836	23	option	option	NOUN
ftr-365	836	24	contract	contract	NOUN
ftr-365	836	25	,	,	PUNCT
ftr-365	836	26	the	the	DET
ftr-365	836	27	holder	holder	NOUN
ftr-365	836	28	most	most	ADV
ftr-365	836	29	likely	likely	ADV
ftr-365	836	30	would	would	AUX
ftr-365	836	31	exercise	exercise	VERB
ftr-365	836	32	the	the	DET
ftr-365	836	33	put	put	NOUN
ftr-365	836	34	before	before	SCONJ
ftr-365	836	35	it	it	PRON
ftr-365	836	36	lapses	lapse	VERB
ftr-365	836	37	.	.	PUNCT
ftr-365	837	1	see	see	VERB
ftr-365	837	2	also	also	ADV
ftr-365	837	3	keinan	keinan	X
ftr-365	837	4	(	(	PUNCT
ftr-365	837	5	2007	2007	NUM
ftr-365	837	6	)	)	PUNCT
ftr-365	837	7	,	,	PUNCT
ftr-365	837	8	supra	supra	PROPN
ftr-365	837	9	note	note	NOUN
ftr-365	837	10	32	32	NUM
ftr-365	837	11	,	,	PUNCT
ftr-365	837	12	at	at	ADP
ftr-365	837	13	88	88	NUM
ftr-365	837	14	-	-	SYM
ftr-365	837	15	91	91	NUM
ftr-365	837	16	.	.	PUNCT
ftr-365	838	1	200	200	NUM
ftr-365	838	2	.	.	PUNCT
ftr-365	839	1	rev	rev	PROPN
ftr-365	839	2	.	.	PUNCT
ftr-365	840	1	rul	rul	NOUN
ftr-365	840	2	.	.	PUNCT
ftr-365	841	1	78	78	NUM
ftr-365	841	2	-	-	SYM
ftr-365	841	3	182	182	NUM
ftr-365	841	4	,	,	PUNCT
ftr-365	841	5	1978	1978	NUM
ftr-365	841	6	-	-	SYM
ftr-365	841	7	1	1	NUM
ftr-365	841	8	c.b	c.b	PROPN
ftr-365	841	9	.	.	PROPN
ftr-365	842	1	see	see	AUX
ftr-365	842	2	also	also	ADV
ftr-365	842	3	avi	avi	VERB
ftr-365	842	4	-	-	PUNCT
ftr-365	842	5	yonah	yonah	PROPN
ftr-365	842	6	&	&	CCONJ
ftr-365	842	7	swartz	swartz	PROPN
ftr-365	842	8	(	(	PUNCT
ftr-365	842	9	1997	1997	NUM
ftr-365	842	10	)	)	PUNCT
ftr-365	842	11	,	,	PUNCT
ftr-365	842	12	supra	supra	PROPN
ftr-365	842	13	note	note	VERB
ftr-365	842	14	39	39	NUM
ftr-365	842	15	.	.	PUNCT
ftr-365	843	1	201	201	NUM
ftr-365	843	2	.	.	PUNCT
ftr-365	844	1	i	i	PRON
ftr-365	844	2	d.	d.	PROPN
ftr-365	844	3	irc	irc	PROPN
ftr-365	844	4	§	§	PROPN
ftr-365	844	5	1234(b	1234(b	NUM
ftr-365	844	6	)	)	PUNCT
ftr-365	844	7	governs	govern	VERB
ftr-365	844	8	the	the	DET
ftr-365	844	9	treatment	treatment	NOUN
ftr-365	844	10	for	for	ADP
ftr-365	844	11	the	the	DET
ftr-365	844	12	grantor	grantor	NOUN
ftr-365	844	13	of	of	ADP
ftr-365	844	14	options	option	NOUN
ftr-365	844	15	in	in	ADP
ftr-365	844	16	property	property	NOUN
ftr-365	844	17	,	,	PUNCT
ftr-365	844	18	which	which	PRON
ftr-365	844	19	means	mean	VERB
ftr-365	844	20	options	option	NOUN
ftr-365	844	21	on	on	ADP
ftr-365	844	22	stock	stock	NOUN
ftr-365	844	23	,	,	PUNCT
ftr-365	844	24	securities	security	NOUN
ftr-365	844	25	,	,	PUNCT
ftr-365	844	26	commodities	commodity	NOUN
ftr-365	844	27	,	,	PUNCT
ftr-365	844	28	and	and	CCONJ
ftr-365	844	29	commodities	commodity	NOUN
ftr-365	844	30	futures	future	NOUN
ftr-365	844	31	,	,	PUNCT
ftr-365	844	32	provided	provide	VERB
ftr-365	844	33	the	the	DET
ftr-365	844	34	option	option	NOUN
ftr-365	844	35	is	be	AUX
ftr-365	844	36	not	not	PART
ftr-365	844	37	otherwise	otherwise	ADV
ftr-365	844	38	subject	subject	ADJ
ftr-365	844	39	to	to	ADP
ftr-365	844	40	irc	irc	PROPN
ftr-365	844	41	§	§	PROPN
ftr-365	844	42	1256	1256	NUM
ftr-365	844	43	as	as	SCONJ
ftr-365	844	44	described	describe	VERB
ftr-365	844	45	above	above	ADV
ftr-365	844	46	.	.	PUNCT
ftr-365	845	1	for	for	ADP
ftr-365	845	2	a	a	DET
ftr-365	845	3	grantor	grantor	NOUN
ftr-365	845	4	of	of	ADP
ftr-365	845	5	an	an	DET
ftr-365	845	6	option	option	NOUN
ftr-365	845	7	in	in	ADP
ftr-365	845	8	property	property	NOUN
ftr-365	845	9	(	(	PUNCT
ftr-365	845	10	see	see	VERB
ftr-365	845	11	below	below	ADV
ftr-365	845	12	)	)	PUNCT
ftr-365	845	13	,	,	PUNCT
ftr-365	845	14	gain	gain	NOUN
ftr-365	845	15	or	or	CCONJ
ftr-365	845	16	loss	loss	NOUN
ftr-365	845	17	is	be	AUX
ftr-365	845	18	not	not	PART
ftr-365	845	19	recognized	recognize	VERB
ftr-365	845	20	until	until	ADP
ftr-365	845	21	the	the	DET
ftr-365	845	22	option	option	NOUN
ftr-365	845	23	lapses	lapse	NOUN
ftr-365	845	24	or	or	CCONJ
ftr-365	845	25	expires	expire	NOUN
ftr-365	845	26	,	,	PUNCT
ftr-365	845	27	is	be	AUX
ftr-365	845	28	exercised	exercise	VERB
ftr-365	845	29	or	or	CCONJ
ftr-365	845	30	closed	closed	ADJ
ftr-365	845	31	.	.	PUNCT
ftr-365	846	1	i	i	PRON
ftr-365	846	2	d.	d.	PROPN
ftr-365	846	3	the	the	DET
ftr-365	846	4	premium	premium	NOUN
ftr-365	846	5	received	receive	VERB
ftr-365	846	6	is	be	AUX
ftr-365	846	7	recognized	recognize	VERB
ftr-365	846	8	when	when	SCONJ
ftr-365	846	9	such	such	ADJ
ftr-365	846	10	sale	sale	NOUN
ftr-365	846	11	,	,	PUNCT
ftr-365	846	12	exchange	exchange	NOUN
ftr-365	846	13	,	,	PUNCT
ftr-365	846	14	expiration	expiration	NOUN
ftr-365	846	15	,	,	PUNCT
ftr-365	846	16	or	or	CCONJ
ftr-365	846	17	closing	closing	NOUN
ftr-365	846	18	(	(	PUNCT
ftr-365	846	19	offsetting	offset	VERB
ftr-365	846	20	)	)	PUNCT
ftr-365	846	21	transaction	transaction	NOUN
ftr-365	846	22	occurs	occur	VERB
ftr-365	846	23	.	.	PUNCT
ftr-365	847	1	when	when	SCONJ
ftr-365	847	2	the	the	DET
ftr-365	847	3	option	option	NOUN
ftr-365	847	4	is	be	AUX
ftr-365	847	5	exercised	exercise	VERB
ftr-365	847	6	,	,	PUNCT
ftr-365	847	7	this	this	DET
ftr-365	847	8	event	event	NOUN
ftr-365	847	9	is	be	AUX
ftr-365	847	10	,	,	PUNCT
ftr-365	847	11	generally	generally	ADV
ftr-365	847	12	,	,	PUNCT
ftr-365	847	13	treated	treat	VERB
ftr-365	847	14	as	as	ADP
ftr-365	847	15	a	a	DET
ftr-365	847	16	non	non	ADJ
ftr-365	847	17	-	-	ADJ
ftr-365	847	18	taxable	taxable	ADJ
ftr-365	847	19	2008	2008	NUM
ftr-365	847	20	]	]	PUNCT
ftr-365	848	1	the	the	DET
ftr-365	848	2	case	case	NOUN
ftr-365	848	3	for	for	ADP
ftr-365	848	4	residency	residency	NOUN
ftr-365	848	5	-	-	PUNCT
ftr-365	848	6	based	base	VERB
ftr-365	848	7	taxation	taxation	NOUN
ftr-365	848	8	39	39	NUM
ftr-365	848	9	example	example	NOUN
ftr-365	848	10	of	of	ADP
ftr-365	848	11	a	a	DET
ftr-365	848	12	call	call	NOUN
ftr-365	848	13	option	option	NOUN
ftr-365	848	14	:	:	PUNCT
ftr-365	848	15	on	on	ADP
ftr-365	848	16	january	january	PROPN
ftr-365	848	17	1	1	NUM
ftr-365	848	18	,	,	PUNCT
ftr-365	848	19	2007	2007	NUM
ftr-365	848	20	,	,	PUNCT
ftr-365	848	21	a	a	DET
ftr-365	848	22	holder	holder	NOUN
ftr-365	848	23	of	of	ADP
ftr-365	848	24	the	the	DET
ftr-365	848	25	call	call	NOUN
ftr-365	848	26	option	option	NOUN
ftr-365	848	27	pays	pay	VERB
ftr-365	848	28	$	$	SYM
ftr-365	848	29	10	10	NUM
ftr-365	848	30	to	to	ADP
ftr-365	848	31	the	the	DET
ftr-365	848	32	writer	writer	NOUN
ftr-365	848	33	of	of	ADP
ftr-365	848	34	the	the	DET
ftr-365	848	35	option	option	NOUN
ftr-365	848	36	,	,	PUNCT
ftr-365	848	37	for	for	ADP
ftr-365	848	38	the	the	DET
ftr-365	848	39	right	right	NOUN
ftr-365	848	40	to	to	PART
ftr-365	848	41	purchase	purchase	VERB
ftr-365	848	42	ibm	ibm	PROPN
ftr-365	848	43	stock	stock	NOUN
ftr-365	848	44	at	at	ADP
ftr-365	848	45	$	$	SYM
ftr-365	848	46	100	100	NUM
ftr-365	848	47	from	from	ADP
ftr-365	848	48	the	the	DET
ftr-365	848	49	writer	writer	NOUN
ftr-365	848	50	,	,	PUNCT
ftr-365	848	51	on	on	ADV
ftr-365	848	52	or	or	CCONJ
ftr-365	848	53	before	before	ADP
ftr-365	848	54	september	september	PROPN
ftr-365	848	55	1	1	NUM
ftr-365	848	56	,	,	PUNCT
ftr-365	848	57	2007	2007	NUM
ftr-365	848	58	(	(	PUNCT
ftr-365	848	59	the	the	DET
ftr-365	848	60	“	"	PUNCT
ftr-365	848	61	expiration	expiration	NOUN
ftr-365	848	62	date	date	NOUN
ftr-365	848	63	”	"	PUNCT
ftr-365	848	64	)	)	PUNCT
ftr-365	848	65	.	.	PUNCT
ftr-365	849	1	the	the	DET
ftr-365	849	2	current	current	ADJ
ftr-365	849	3	stock	stock	NOUN
ftr-365	849	4	price	price	NOUN
ftr-365	849	5	is	be	AUX
ftr-365	849	6	$	$	SYM
ftr-365	849	7	90	90	NUM
ftr-365	849	8	.	.	PUNCT
ftr-365	849	9	example	example	NOUN
ftr-365	849	10	of	of	ADP
ftr-365	849	11	a	a	DET
ftr-365	849	12	put	put	NOUN
ftr-365	849	13	option	option	NOUN
ftr-365	849	14	:	:	PUNCT
ftr-365	849	15	on	on	ADP
ftr-365	849	16	january	january	PROPN
ftr-365	849	17	1	1	NUM
ftr-365	849	18	,	,	PUNCT
ftr-365	849	19	2007	2007	NUM
ftr-365	849	20	,	,	PUNCT
ftr-365	849	21	a	a	DET
ftr-365	849	22	holder	holder	NOUN
ftr-365	849	23	of	of	ADP
ftr-365	849	24	a	a	DET
ftr-365	849	25	put	put	NOUN
ftr-365	849	26	option	option	NOUN
ftr-365	849	27	pays	pay	VERB
ftr-365	849	28	$	$	SYM
ftr-365	849	29	10	10	NUM
ftr-365	849	30	to	to	ADP
ftr-365	849	31	the	the	DET
ftr-365	849	32	writer	writer	NOUN
ftr-365	849	33	for	for	ADP
ftr-365	849	34	the	the	DET
ftr-365	849	35	right	right	NOUN
ftr-365	849	36	to	to	PART
ftr-365	849	37	sell	sell	VERB
ftr-365	849	38	ibm	ibm	PROPN
ftr-365	849	39	stock	stock	NOUN
ftr-365	849	40	at	at	ADP
ftr-365	849	41	$	$	SYM
ftr-365	849	42	100	100	NUM
ftr-365	849	43	to	to	ADP
ftr-365	849	44	the	the	DET
ftr-365	849	45	writer	writer	NOUN
ftr-365	849	46	on	on	ADP
ftr-365	849	47	or	or	CCONJ
ftr-365	849	48	before	before	ADP
ftr-365	849	49	september	september	PROPN
ftr-365	849	50	1	1	NUM
ftr-365	849	51	,	,	PUNCT
ftr-365	849	52	2007	2007	NUM
ftr-365	849	53	.	.	PUNCT
ftr-365	850	1	the	the	DET
ftr-365	850	2	current	current	ADJ
ftr-365	850	3	stock	stock	NOUN
ftr-365	850	4	price	price	NOUN
ftr-365	850	5	is	be	AUX
ftr-365	850	6	$	$	SYM
ftr-365	850	7	90	90	NUM
ftr-365	850	8	.	.	PUNCT
ftr-365	851	1	forward	forward	ADJ
ftr-365	851	2	contracts	contract	NOUN
ftr-365	851	3	:	:	PUNCT
ftr-365	851	4	a	a	DET
ftr-365	851	5	forward	forward	ADJ
ftr-365	851	6	contract	contract	NOUN
ftr-365	851	7	is	be	AUX
ftr-365	851	8	an	an	DET
ftr-365	851	9	agreement	agreement	NOUN
ftr-365	851	10	pursuant	pursuant	ADJ
ftr-365	851	11	to	to	ADP
ftr-365	851	12	which	which	PRON
ftr-365	851	13	the	the	DET
ftr-365	851	14	buyer	buyer	NOUN
ftr-365	851	15	agrees	agree	VERB
ftr-365	851	16	to	to	PART
ftr-365	851	17	buy	buy	VERB
ftr-365	851	18	from	from	ADP
ftr-365	851	19	the	the	DET
ftr-365	851	20	seller	seller	NOUN
ftr-365	851	21	an	an	DET
ftr-365	851	22	underlying	underlying	ADJ
ftr-365	851	23	asset	asset	NOUN
ftr-365	851	24	for	for	ADP
ftr-365	851	25	a	a	DET
ftr-365	851	26	fixed	fix	VERB
ftr-365	851	27	price	price	NOUN
ftr-365	851	28	(	(	PUNCT
ftr-365	851	29	delivery	delivery	NOUN
ftr-365	851	30	price	price	NOUN
ftr-365	851	31	)	)	PUNCT
ftr-365	851	32	on	on	ADP
ftr-365	851	33	a	a	DET
ftr-365	851	34	single	single	ADJ
ftr-365	851	35	specified	specify	VERB
ftr-365	851	36	date	date	NOUN
ftr-365	851	37	in	in	ADP
ftr-365	851	38	the	the	DET
ftr-365	851	39	future	future	NOUN
ftr-365	851	40	(	(	PUNCT
ftr-365	851	41	delivery	delivery	NOUN
ftr-365	851	42	date	date	NOUN
ftr-365	851	43	)	)	PUNCT
ftr-365	851	44	,	,	PUNCT
ftr-365	851	45	where	where	SCONJ
ftr-365	851	46	the	the	DET
ftr-365	851	47	terms	term	NOUN
ftr-365	851	48	are	be	AUX
ftr-365	851	49	initially	initially	ADV
ftr-365	851	50	set	set	VERB
ftr-365	851	51	so	so	SCONJ
ftr-365	851	52	that	that	SCONJ
ftr-365	851	53	the	the	DET
ftr-365	851	54	present	present	ADJ
ftr-365	851	55	value	value	NOUN
ftr-365	851	56	of	of	ADP
ftr-365	851	57	such	such	DET
ftr-365	851	58	a	a	DET
ftr-365	851	59	contract	contract	NOUN
ftr-365	851	60	is	be	AUX
ftr-365	851	61	zero	zero	NUM
ftr-365	851	62	.	.	PUNCT
ftr-365	852	1	202	202	NUM
ftr-365	852	2	as	as	SCONJ
ftr-365	852	3	rosenbloom	rosenbloom	NOUN
ftr-365	852	4	observes	observe	VERB
ftr-365	852	5	:	:	PUNCT
ftr-365	852	6	“	"	PUNCT
ftr-365	852	7	the	the	DET
ftr-365	852	8	key	key	ADJ
ftr-365	852	9	difference	difference	NOUN
ftr-365	852	10	between	between	ADP
ftr-365	852	11	[	[	X
ftr-365	852	12	options	option	NOUN
ftr-365	852	13	and	and	CCONJ
ftr-365	852	14	forward	forward	ADJ
ftr-365	852	15	contracts	contract	NOUN
ftr-365	852	16	]	]	PUNCT
ftr-365	852	17	is	be	AUX
ftr-365	852	18	that	that	SCONJ
ftr-365	852	19	a	a	DET
ftr-365	852	20	holder	holder	NOUN
ftr-365	852	21	of	of	ADP
ftr-365	852	22	an	an	DET
ftr-365	852	23	option	option	NOUN
ftr-365	852	24	has	have	VERB
ftr-365	852	25	a	a	DET
ftr-365	852	26	right	right	NOUN
ftr-365	852	27	,	,	PUNCT
ftr-365	852	28	for	for	ADP
ftr-365	852	29	which	which	PRON
ftr-365	852	30	it	it	PRON
ftr-365	852	31	has	have	AUX
ftr-365	852	32	generally	generally	ADV
ftr-365	852	33	paid	pay	VERB
ftr-365	852	34	a	a	DET
ftr-365	852	35	fee	fee	NOUN
ftr-365	852	36	or	or	CCONJ
ftr-365	852	37	premium	premium	NOUN
ftr-365	852	38	,	,	PUNCT
ftr-365	852	39	but	but	CCONJ
ftr-365	852	40	no	no	DET
ftr-365	852	41	obligation	obligation	NOUN
ftr-365	852	42	.	.	PUNCT
ftr-365	853	1	in	in	ADP
ftr-365	853	2	contrast	contrast	NOUN
ftr-365	853	3	,	,	PUNCT
ftr-365	853	4	the	the	DET
ftr-365	853	5	forward	forward	NOUN
ftr-365	853	6	creates	create	VERB
ftr-365	853	7	mutual	mutual	ADJ
ftr-365	853	8	obligations	obligation	NOUN
ftr-365	853	9	and	and	CCONJ
ftr-365	853	10	mutual	mutual	ADJ
ftr-365	853	11	rights	right	NOUN
ftr-365	853	12	and	and	CCONJ
ftr-365	853	13	,	,	PUNCT
ftr-365	853	14	since	since	SCONJ
ftr-365	853	15	either	either	DET
ftr-365	853	16	party	party	NOUN
ftr-365	853	17	may	may	AUX
ftr-365	853	18	gain	gain	VERB
ftr-365	853	19	as	as	ADP
ftr-365	853	20	a	a	DET
ftr-365	853	21	result	result	NOUN
ftr-365	853	22	of	of	ADP
ftr-365	853	23	the	the	DET
ftr-365	853	24	contract	contract	NOUN
ftr-365	853	25	,	,	PUNCT
ftr-365	853	26	it	it	PRON
ftr-365	853	27	is	be	AUX
ftr-365	853	28	common	common	ADJ
ftr-365	853	29	that	that	SCONJ
ftr-365	853	30	no	no	DET
ftr-365	853	31	funds	fund	NOUN
ftr-365	853	32	,	,	PUNCT
ftr-365	853	33	or	or	CCONJ
ftr-365	853	34	premiums	premium	NOUN
ftr-365	853	35	,	,	PUNCT
ftr-365	853	36	change	change	VERB
ftr-365	853	37	hands	hand	NOUN
ftr-365	853	38	at	at	ADP
ftr-365	853	39	the	the	DET
ftr-365	853	40	inception	inception	NOUN
ftr-365	853	41	of	of	ADP
ftr-365	853	42	the	the	DET
ftr-365	853	43	contract	contract	NOUN
ftr-365	853	44	.	.	PUNCT
ftr-365	853	45	”	"	PUNCT
ftr-365	854	1	203	203	NUM
ftr-365	854	2	a	a	DET
ftr-365	854	3	forward	forward	ADJ
ftr-365	854	4	contract	contract	NOUN
ftr-365	854	5	is	be	AUX
ftr-365	854	6	defined	define	VERB
ftr-365	854	7	for	for	ADP
ftr-365	854	8	u.s	u.s	PROPN
ftr-365	854	9	.	.	PROPN
ftr-365	854	10	tax	tax	NOUN
ftr-365	854	11	purposes	purpose	NOUN
ftr-365	854	12	as	as	ADP
ftr-365	854	13	a	a	DET
ftr-365	854	14	“	"	PUNCT
ftr-365	854	15	privately	privately	ADV
ftr-365	854	16	negotiated	negotiate	VERB
ftr-365	854	17	contract	contract	NOUN
ftr-365	854	18	that	that	PRON
ftr-365	854	19	provides	provide	VERB
ftr-365	854	20	for	for	ADP
ftr-365	854	21	the	the	DET
ftr-365	854	22	sale	sale	NOUN
ftr-365	854	23	and	and	CCONJ
ftr-365	854	24	purchase	purchase	NOUN
ftr-365	854	25	of	of	ADP
ftr-365	854	26	property	property	NOUN
ftr-365	854	27	for	for	ADP
ftr-365	854	28	a	a	DET
ftr-365	854	29	specified	specify	VERB
ftr-365	854	30	price	price	NOUN
ftr-365	854	31	on	on	ADP
ftr-365	854	32	a	a	DET
ftr-365	854	33	specified	specify	VERB
ftr-365	854	34	date	date	NOUN
ftr-365	854	35	.	.	PUNCT
ftr-365	854	36	”	"	PUNCT
ftr-365	855	1	204	204	NUM
ftr-365	855	2	similar	similar	ADJ
ftr-365	855	3	to	to	ADP
ftr-365	855	4	options	option	NOUN
ftr-365	855	5	,	,	PUNCT
ftr-365	855	6	until	until	SCONJ
ftr-365	855	7	the	the	DET
ftr-365	855	8	forward	forward	ADJ
ftr-365	855	9	contract	contract	NOUN
ftr-365	855	10	is	be	AUX
ftr-365	855	11	sold	sell	VERB
ftr-365	855	12	,	,	PUNCT
ftr-365	855	13	exchanged	exchange	VERB
ftr-365	855	14	,	,	PUNCT
ftr-365	855	15	settled	settle	VERB
ftr-365	855	16	or	or	CCONJ
ftr-365	855	17	allowed	allow	VERB
ftr-365	855	18	to	to	PART
ftr-365	855	19	lapse	lapse	VERB
ftr-365	855	20	,	,	PUNCT
ftr-365	855	21	the	the	DET
ftr-365	855	22	transaction	transaction	NOUN
ftr-365	855	23	is	be	AUX
ftr-365	855	24	treated	treat	VERB
ftr-365	855	25	as	as	ADP
ftr-365	855	26	open	open	ADJ
ftr-365	855	27	,	,	PUNCT
ftr-365	855	28	and	and	CCONJ
ftr-365	855	29	any	any	DET
ftr-365	855	30	gain	gain	NOUN
ftr-365	855	31	or	or	CCONJ
ftr-365	855	32	loss	loss	NOUN
ftr-365	855	33	to	to	ADP
ftr-365	855	34	the	the	DET
ftr-365	855	35	parties	party	NOUN
ftr-365	855	36	is	be	AUX
ftr-365	855	37	deferred	defer	VERB
ftr-365	855	38	.	.	PUNCT
ftr-365	856	1	205	205	NUM
ftr-365	856	2	upon	upon	SCONJ
ftr-365	856	3	the	the	DET
ftr-365	856	4	delivery	delivery	NOUN
ftr-365	856	5	,	,	PUNCT
ftr-365	856	6	a	a	DET
ftr-365	856	7	seller	seller	NOUN
ftr-365	856	8	’s	’s	PART
ftr-365	856	9	gain	gain	NOUN
ftr-365	856	10	or	or	CCONJ
ftr-365	856	11	loss	loss	NOUN
ftr-365	856	12	on	on	ADP
ftr-365	856	13	a	a	DET
ftr-365	856	14	forward	forward	ADJ
ftr-365	856	15	contract	contract	NOUN
ftr-365	856	16	is	be	AUX
ftr-365	856	17	capital	capital	NOUN
ftr-365	856	18	to	to	ADP
ftr-365	856	19	the	the	DET
ftr-365	856	20	extent	extent	NOUN
ftr-365	856	21	the	the	DET
ftr-365	856	22	asset	asset	NOUN
ftr-365	856	23	underlying	underlie	VERB
ftr-365	856	24	the	the	DET
ftr-365	856	25	forward	forward	ADJ
ftr-365	856	26	contract	contract	NOUN
ftr-365	856	27	would	would	AUX
ftr-365	856	28	be	be	AUX
ftr-365	856	29	a	a	DET
ftr-365	856	30	capital	capital	NOUN
ftr-365	856	31	asset	asset	NOUN
ftr-365	856	32	in	in	ADP
ftr-365	856	33	the	the	DET
ftr-365	856	34	taxpayer	taxpayer	NOUN
ftr-365	856	35	’s	’s	PART
ftr-365	856	36	hands	hand	NOUN
ftr-365	856	37	.	.	PUNCT
ftr-365	857	1	206	206	NUM
ftr-365	857	2	purchase	purchase	NOUN
ftr-365	857	3	of	of	ADP
ftr-365	857	4	the	the	DET
ftr-365	857	5	underlying	underlie	VERB
ftr-365	857	6	asset	asset	NOUN
ftr-365	857	7	by	by	ADP
ftr-365	857	8	a	a	DET
ftr-365	857	9	holder	holder	NOUN
ftr-365	857	10	of	of	ADP
ftr-365	857	11	a	a	DET
ftr-365	857	12	call	call	NOUN
ftr-365	857	13	or	or	CCONJ
ftr-365	857	14	grantor	grantor	NOUN
ftr-365	857	15	of	of	ADP
ftr-365	857	16	a	a	DET
ftr-365	857	17	put	put	NOUN
ftr-365	857	18	,	,	PUNCT
ftr-365	857	19	but	but	CCONJ
ftr-365	857	20	as	as	ADP
ftr-365	857	21	a	a	DET
ftr-365	857	22	taxable	taxable	ADJ
ftr-365	857	23	sale	sale	NOUN
ftr-365	857	24	by	by	ADP
ftr-365	857	25	the	the	DET
ftr-365	857	26	other	other	ADJ
ftr-365	857	27	party	party	NOUN
ftr-365	857	28	to	to	ADP
ftr-365	857	29	the	the	DET
ftr-365	857	30	option	option	NOUN
ftr-365	857	31	.	.	PUNCT
ftr-365	858	1	see	see	VERB
ftr-365	858	2	also	also	ADV
ftr-365	858	3	keinan	keinan	X
ftr-365	858	4	(	(	PUNCT
ftr-365	858	5	2007	2007	NUM
ftr-365	858	6	)	)	PUNCT
ftr-365	858	7	,	,	PUNCT
ftr-365	858	8	supra	supra	PROPN
ftr-365	858	9	note	note	NOUN
ftr-365	858	10	32	32	NUM
ftr-365	858	11	,	,	PUNCT
ftr-365	858	12	at	at	ADP
ftr-365	858	13	97	97	NUM
ftr-365	858	14	-	-	SYM
ftr-365	858	15	100	100	NUM
ftr-365	858	16	.	.	PUNCT
ftr-365	859	1	202	202	NUM
ftr-365	859	2	.	.	PUNCT
ftr-365	860	1	see	see	VERB
ftr-365	860	2	m.	m.	PROPN
ftr-365	860	3	rubinstein	rubinstein	PROPN
ftr-365	860	4	,	,	PUNCT
ftr-365	860	5	rubinstein	rubinstein	PROPN
ftr-365	860	6	on	on	ADP
ftr-365	860	7	derivatives	derivative	NOUN
ftr-365	860	8	§	§	PROPN
ftr-365	860	9	2.2	2.2	NUM
ftr-365	860	10	.	.	PUNCT
ftr-365	861	1	(	(	PUNCT
ftr-365	861	2	1999	1999	NUM
ftr-365	861	3	)	)	PUNCT
ftr-365	861	4	.	.	PUNCT
ftr-365	862	1	see	see	VERB
ftr-365	862	2	also	also	ADV
ftr-365	862	3	keinan	keinan	X
ftr-365	862	4	(	(	PUNCT
ftr-365	862	5	2007	2007	NUM
ftr-365	862	6	)	)	PUNCT
ftr-365	862	7	,	,	PUNCT
ftr-365	862	8	supra	supra	PROPN
ftr-365	862	9	note	note	NOUN
ftr-365	862	10	32	32	NUM
ftr-365	862	11	,	,	PUNCT
ftr-365	862	12	at	at	ADP
ftr-365	862	13	91	91	NUM
ftr-365	862	14	-	-	SYM
ftr-365	862	15	3	3	NUM
ftr-365	862	16	.	.	NOUN
ftr-365	862	17	203	203	NUM
ftr-365	862	18	.	.	PUNCT
ftr-365	863	1	rosenbloom	rosenbloom	NOUN
ftr-365	863	2	,	,	PUNCT
ftr-365	863	3	supra	supra	PROPN
ftr-365	863	4	note	note	NOUN
ftr-365	863	5	32	32	NUM
ftr-365	863	6	,	,	PUNCT
ftr-365	863	7	at	at	ADP
ftr-365	863	8	599	599	NUM
ftr-365	863	9	.	.	PUNCT
ftr-365	864	1	204	204	NUM
ftr-365	864	2	.	.	PUNCT
ftr-365	865	1	glass	glass	NOUN
ftr-365	865	2	v.	v.	CCONJ
ftr-365	865	3	comm’r	comm’r	NOUN
ftr-365	865	4	,	,	PUNCT
ftr-365	865	5	87	87	NUM
ftr-365	865	6	t.c	t.c	PROPN
ftr-365	865	7	.	.	PROPN
ftr-365	865	8	1087	1087	NUM
ftr-365	865	9	,	,	PUNCT
ftr-365	865	10	1101	1101	NUM
ftr-365	865	11	(	(	PUNCT
ftr-365	865	12	1986	1986	NUM
ftr-365	865	13	)	)	PUNCT
ftr-365	865	14	.	.	PUNCT
ftr-365	866	1	205	205	NUM
ftr-365	866	2	.	.	PUNCT
ftr-365	867	1	see	see	VERB
ftr-365	867	2	david	david	PROPN
ftr-365	867	3	s.	s.	PROPN
ftr-365	867	4	miller	miller	PROPN
ftr-365	867	5	,	,	PUNCT
ftr-365	867	6	taxpayers	taxpayer	NOUN
ftr-365	867	7	’	'	PUNCT
ftr-365	867	8	ability	ability	NOUN
ftr-365	867	9	to	to	PART
ftr-365	867	10	avoid	avoid	VERB
ftr-365	867	11	tax	tax	NOUN
ftr-365	867	12	ownership	ownership	NOUN
ftr-365	867	13	:	:	PUNCT
ftr-365	867	14	current	current	ADJ
ftr-365	867	15	law	law	NOUN
ftr-365	867	16	and	and	CCONJ
ftr-365	867	17	future	future	ADJ
ftr-365	867	18	prospects	prospect	NOUN
ftr-365	867	19	,	,	PUNCT
ftr-365	867	20	51	51	NUM
ftr-365	867	21	tax	tax	NOUN
ftr-365	867	22	lawyer	lawyer	NOUN
ftr-365	867	23	279	279	NUM
ftr-365	867	24	,	,	PUNCT
ftr-365	867	25	305	305	NUM
ftr-365	867	26	(	(	PUNCT
ftr-365	867	27	footnotes	footnote	NOUN
ftr-365	867	28	101	101	NUM
ftr-365	867	29	-	-	SYM
ftr-365	867	30	104	104	NUM
ftr-365	867	31	and	and	CCONJ
ftr-365	867	32	accompanying	accompany	VERB
ftr-365	867	33	text	text	NOUN
ftr-365	867	34	)	)	PUNCT
ftr-365	867	35	.	.	PUNCT
ftr-365	868	1	see	see	VERB
ftr-365	868	2	also	also	ADV
ftr-365	868	3	keinan	keinan	X
ftr-365	868	4	(	(	PUNCT
ftr-365	868	5	2007	2007	NUM
ftr-365	868	6	)	)	PUNCT
ftr-365	869	1	,	,	PUNCT
ftr-365	869	2	supra	supra	PROPN
ftr-365	869	3	note	note	NOUN
ftr-365	869	4	32	32	NUM
ftr-365	869	5	,	,	PUNCT
ftr-365	869	6	at	at	ADP
ftr-365	869	7	100	100	NUM
ftr-365	869	8	.	.	PUNCT
ftr-365	870	1	in	in	ADP
ftr-365	870	2	contrast	contrast	NOUN
ftr-365	870	3	,	,	PUNCT
ftr-365	870	4	in	in	ADP
ftr-365	870	5	the	the	DET
ftr-365	870	6	united	united	ADJ
ftr-365	870	7	kingdom	kingdom	PROPN
ftr-365	870	8	,	,	PUNCT
ftr-365	870	9	derivatives	derivative	NOUN
ftr-365	870	10	“	"	PUNCT
ftr-365	870	11	are	be	AUX
ftr-365	870	12	taxed	tax	VERB
ftr-365	870	13	on	on	ADP
ftr-365	870	14	income	income	NOUN
ftr-365	870	15	account	account	NOUN
ftr-365	870	16	in	in	ADP
ftr-365	870	17	the	the	DET
ftr-365	870	18	amounts	amount	NOUN
ftr-365	870	19	recognized	recognize	VERB
ftr-365	870	20	for	for	ADP
ftr-365	870	21	accounting	accounting	NOUN
ftr-365	870	22	purposes	purpose	NOUN
ftr-365	870	23	,	,	PUNCT
ftr-365	870	24	provided	provide	VERB
ftr-365	870	25	that	that	SCONJ
ftr-365	870	26	the	the	DET
ftr-365	870	27	accounts	account	NOUN
ftr-365	870	28	use	use	VERB
ftr-365	870	29	either	either	CCONJ
ftr-365	870	30	an	an	DET
ftr-365	870	31	accruals	accrual	NOUN
ftr-365	870	32	or	or	CCONJ
ftr-365	870	33	mark	mark	NOUN
ftr-365	870	34	-	-	PUNCT
ftr-365	870	35	tomarket	tomarket	NOUN
ftr-365	870	36	method	method	NOUN
ftr-365	870	37	.	.	PUNCT
ftr-365	870	38	”	"	PUNCT
ftr-365	871	1	see	see	VERB
ftr-365	871	2	robert	robert	PROPN
ftr-365	871	3	moncrieff	moncrieff	PROPN
ftr-365	871	4	,	,	PUNCT
ftr-365	871	5	next	next	ADJ
ftr-365	871	6	steps	step	NOUN
ftr-365	871	7	for	for	ADP
ftr-365	871	8	debt	debt	NOUN
ftr-365	871	9	and	and	CCONJ
ftr-365	871	10	derivatives	derivative	NOUN
ftr-365	871	11	:	:	PUNCT
ftr-365	871	12	the	the	DET
ftr-365	871	13	u.k	u.k	PROPN
ftr-365	871	14	.	.	PROPN
ftr-365	871	15	finance	finance	PROPN
ftr-365	871	16	act	act	PROPN
ftr-365	871	17	2002	2002	NUM
ftr-365	871	18	,	,	PUNCT
ftr-365	871	19	4(1	4(1	NUM
ftr-365	871	20	)	)	PUNCT
ftr-365	871	21	journal	journal	NOUN
ftr-365	871	22	of	of	ADP
ftr-365	871	23	taxation	taxation	NOUN
ftr-365	871	24	of	of	ADP
ftr-365	871	25	financial	financial	ADJ
ftr-365	871	26	products	product	NOUN
ftr-365	871	27	(	(	PUNCT
ftr-365	871	28	2003	2003	NUM
ftr-365	871	29	)	)	PUNCT
ftr-365	871	30	.	.	PUNCT
ftr-365	872	1	206	206	NUM
ftr-365	872	2	.	.	PUNCT
ftr-365	873	1	see	see	VERB
ftr-365	873	2	may	may	AUX
ftr-365	873	3	(	(	PUNCT
ftr-365	873	4	1995	1995	NUM
ftr-365	873	5	)	)	PUNCT
ftr-365	873	6	,	,	PUNCT
ftr-365	873	7	supra	supra	PROPN
ftr-365	873	8	note	note	NOUN
ftr-365	873	9	6	6	NUM
ftr-365	873	10	(	(	PUNCT
ftr-365	873	11	explaining	explain	VERB
ftr-365	873	12	that	that	SCONJ
ftr-365	873	13	“	"	PUNCT
ftr-365	873	14	that	that	DET
ftr-365	873	15	result	result	NOUN
ftr-365	873	16	seems	seem	VERB
ftr-365	873	17	relatively	relatively	ADV
ftr-365	873	18	unsurprising	unsurprising	ADJ
ftr-365	873	19	in	in	ADP
ftr-365	873	20	the	the	DET
ftr-365	873	21	case	case	NOUN
ftr-365	873	22	of	of	ADP
ftr-365	873	23	a	a	DET
ftr-365	873	24	forward	forward	NOUN
ftr-365	873	25	.	.	PUNCT
ftr-365	874	1	no	no	DET
ftr-365	874	2	cash	cash	NOUN
ftr-365	874	3	passes	pass	VERB
ftr-365	874	4	until	until	ADP
ftr-365	874	5	the	the	DET
ftr-365	874	6	performance	performance	NOUN
ftr-365	874	7	date	date	NOUN
ftr-365	874	8	,	,	PUNCT
ftr-365	874	9	and	and	CCONJ
ftr-365	874	10	the	the	DET
ftr-365	874	11	seller	seller	NOUN
ftr-365	874	12	does	do	AUX
ftr-365	874	13	not	not	PART
ftr-365	874	14	become	become	VERB
ftr-365	874	15	entitled	entitled	ADJ
ftr-365	874	16	to	to	ADP
ftr-365	874	17	anything	anything	PRON
ftr-365	874	18	until	until	SCONJ
ftr-365	874	19	the	the	DET
ftr-365	874	20	contract	contract	NOUN
ftr-365	874	21	period	period	NOUN
ftr-365	874	22	has	have	AUX
ftr-365	874	23	elapsed	elapse	VERB
ftr-365	874	24	.	.	PUNCT
ftr-365	874	25	”	"	PUNCT
ftr-365	874	26	)	)	PUNCT
ftr-365	874	27	.	.	PUNCT
ftr-365	875	1	40	40	NUM
ftr-365	875	2	florida	florida	PROPN
ftr-365	875	3	tax	tax	NOUN
ftr-365	875	4	review	review	NOUN
ftr-365	875	5	[	[	X
ftr-365	875	6	vol	vol	NOUN
ftr-365	875	7	.	.	PUNCT
ftr-365	876	1	9:1	9:1	NUM
ftr-365	876	2	example	example	NOUN
ftr-365	876	3	of	of	ADP
ftr-365	876	4	a	a	DET
ftr-365	876	5	forward	forward	ADJ
ftr-365	876	6	contract	contract	NOUN
ftr-365	876	7	:	:	PUNCT
ftr-365	876	8	a	a	DET
ftr-365	876	9	contract	contract	NOUN
ftr-365	876	10	entered	enter	VERB
ftr-365	876	11	into	into	ADP
ftr-365	876	12	on	on	ADP
ftr-365	876	13	january	january	PROPN
ftr-365	876	14	1	1	NUM
ftr-365	876	15	,	,	PUNCT
ftr-365	876	16	2007	2007	NUM
ftr-365	876	17	between	between	ADP
ftr-365	876	18	a	a	DET
ftr-365	876	19	buyer	buyer	NOUN
ftr-365	876	20	and	and	CCONJ
ftr-365	876	21	seller	seller	NOUN
ftr-365	876	22	,	,	PUNCT
ftr-365	876	23	pursuant	pursuant	ADJ
ftr-365	876	24	to	to	ADP
ftr-365	876	25	which	which	PRON
ftr-365	876	26	the	the	DET
ftr-365	876	27	seller	seller	NOUN
ftr-365	876	28	will	will	AUX
ftr-365	876	29	sell	sell	VERB
ftr-365	876	30	the	the	DET
ftr-365	876	31	buyer	buyer	NOUN
ftr-365	876	32	1,000	1,000	NUM
ftr-365	876	33	shares	share	NOUN
ftr-365	876	34	of	of	ADP
ftr-365	876	35	ibm	ibm	PROPN
ftr-365	876	36	stock	stock	NOUN
ftr-365	876	37	for	for	ADP
ftr-365	876	38	$	$	SYM
ftr-365	876	39	100	100	NUM
ftr-365	876	40	,	,	PUNCT
ftr-365	876	41	on	on	ADP
ftr-365	876	42	september	september	PROPN
ftr-365	876	43	1	1	NUM
ftr-365	876	44	,	,	PUNCT
ftr-365	876	45	2007	2007	NUM
ftr-365	876	46	.	.	PUNCT
ftr-365	877	1	futures	future	NOUN
ftr-365	877	2	contracts	contract	NOUN
ftr-365	877	3	:	:	PUNCT
ftr-365	877	4	futures	future	NOUN
ftr-365	877	5	contracts	contract	NOUN
ftr-365	877	6	are	be	AUX
ftr-365	877	7	economically	economically	ADV
ftr-365	877	8	similar	similar	ADJ
ftr-365	877	9	to	to	ADP
ftr-365	877	10	forward	forward	ADJ
ftr-365	877	11	contracts	contract	NOUN
ftr-365	877	12	except	except	SCONJ
ftr-365	877	13	that	that	SCONJ
ftr-365	877	14	they	they	PRON
ftr-365	877	15	are	be	AUX
ftr-365	877	16	:	:	PUNCT
ftr-365	877	17	standardized	standardized	ADJ
ftr-365	877	18	;	;	PUNCT
ftr-365	877	19	traded	trade	VERB
ftr-365	877	20	at	at	ADP
ftr-365	877	21	regulated	regulated	ADJ
ftr-365	877	22	futures	future	NOUN
ftr-365	877	23	exchanges	exchange	NOUN
ftr-365	877	24	;	;	PUNCT
ftr-365	877	25	used	use	VERB
ftr-365	877	26	by	by	ADP
ftr-365	877	27	clearing	clear	VERB
ftr-365	877	28	organizations	organization	NOUN
ftr-365	877	29	;	;	PUNCT
ftr-365	877	30	subject	subject	ADJ
ftr-365	877	31	to	to	ADP
ftr-365	877	32	daily	daily	ADJ
ftr-365	877	33	mark	mark	VERB
ftr-365	877	34	-	-	PUNCT
ftr-365	877	35	to	to	ADP
ftr-365	877	36	-	-	PUNCT
ftr-365	877	37	market	market	NOUN
ftr-365	877	38	system	system	NOUN
ftr-365	877	39	;	;	PUNCT
ftr-365	877	40	and	and	CCONJ
ftr-365	877	41	can	can	AUX
ftr-365	877	42	be	be	AUX
ftr-365	877	43	closed	close	VERB
ftr-365	877	44	before	before	ADP
ftr-365	877	45	maturity	maturity	NOUN
ftr-365	877	46	.	.	PUNCT
ftr-365	878	1	207	207	NUM
ftr-365	878	2	futures	future	NOUN
ftr-365	878	3	contracts	contract	NOUN
ftr-365	878	4	are	be	AUX
ftr-365	878	5	subject	subject	ADJ
ftr-365	878	6	to	to	ADP
ftr-365	878	7	mark	mark	NOUN
ftr-365	878	8	-	-	PUNCT
ftr-365	878	9	to	to	ADP
ftr-365	878	10	-	-	PUNCT
ftr-365	878	11	market	market	NOUN
ftr-365	878	12	treatment	treatment	NOUN
ftr-365	878	13	in	in	ADP
ftr-365	878	14	the	the	DET
ftr-365	878	15	u.s	u.s	PROPN
ftr-365	878	16	.	.	PROPN
ftr-365	878	17	pursuant	pursuant	NOUN
ftr-365	878	18	to	to	ADP
ftr-365	878	19	irc	irc	PROPN
ftr-365	878	20	section	section	NOUN
ftr-365	878	21	1256	1256	NUM
ftr-365	878	22	.	.	PUNCT
ftr-365	879	1	208	208	NUM
ftr-365	879	2	notional	notional	ADJ
ftr-365	879	3	principal	principal	ADJ
ftr-365	879	4	contracts	contract	NOUN
ftr-365	879	5	:	:	PUNCT
ftr-365	879	6	a	a	DET
ftr-365	879	7	notional	notional	ADJ
ftr-365	879	8	principal	principal	ADJ
ftr-365	879	9	contract	contract	NOUN
ftr-365	879	10	is	be	AUX
ftr-365	879	11	a	a	DET
ftr-365	879	12	financial	financial	ADJ
ftr-365	879	13	instrument	instrument	NOUN
ftr-365	879	14	that	that	PRON
ftr-365	879	15	provides	provide	VERB
ftr-365	879	16	for	for	ADP
ftr-365	879	17	the	the	DET
ftr-365	879	18	payment	payment	NOUN
ftr-365	879	19	of	of	ADP
ftr-365	879	20	amounts	amount	NOUN
ftr-365	879	21	by	by	ADP
ftr-365	879	22	one	one	NUM
ftr-365	879	23	party	party	NOUN
ftr-365	879	24	to	to	ADP
ftr-365	879	25	another	another	PRON
ftr-365	879	26	,	,	PUNCT
ftr-365	879	27	at	at	ADP
ftr-365	879	28	specified	specify	VERB
ftr-365	879	29	intervals	interval	NOUN
ftr-365	879	30	calculated	calculate	VERB
ftr-365	879	31	by	by	ADP
ftr-365	879	32	reference	reference	NOUN
ftr-365	879	33	to	to	ADP
ftr-365	879	34	a	a	DET
ftr-365	879	35	specified	specified	ADJ
ftr-365	879	36	index	index	NOUN
ftr-365	879	37	,	,	PUNCT
ftr-365	879	38	upon	upon	SCONJ
ftr-365	879	39	a	a	DET
ftr-365	879	40	notional	notional	ADJ
ftr-365	879	41	principal	principal	ADJ
ftr-365	879	42	amount	amount	NOUN
ftr-365	879	43	,	,	PUNCT
ftr-365	879	44	in	in	ADP
ftr-365	879	45	exchange	exchange	NOUN
ftr-365	879	46	for	for	ADP
ftr-365	879	47	specified	specify	VERB
ftr-365	879	48	consideration	consideration	NOUN
ftr-365	879	49	or	or	CCONJ
ftr-365	879	50	a	a	DET
ftr-365	879	51	promise	promise	NOUN
ftr-365	879	52	to	to	PART
ftr-365	879	53	pay	pay	VERB
ftr-365	879	54	similar	similar	ADJ
ftr-365	879	55	amounts	amount	NOUN
ftr-365	879	56	.	.	PUNCT
ftr-365	880	1	209	209	NUM
ftr-365	880	2	notional	notional	ADJ
ftr-365	880	3	principal	principal	ADJ
ftr-365	880	4	contracts	contract	NOUN
ftr-365	880	5	include	include	VERB
ftr-365	880	6	interest	interest	NOUN
ftr-365	880	7	rate	rate	NOUN
ftr-365	880	8	swaps	swap	NOUN
ftr-365	880	9	,	,	PUNCT
ftr-365	880	10	basis	basis	NOUN
ftr-365	880	11	swaps	swap	NOUN
ftr-365	880	12	,	,	PUNCT
ftr-365	880	13	interest	interest	NOUN
ftr-365	880	14	rate	rate	NOUN
ftr-365	880	15	caps	cap	NOUN
ftr-365	880	16	,	,	PUNCT
ftr-365	880	17	interest	interest	NOUN
ftr-365	880	18	rate	rate	NOUN
ftr-365	880	19	floors	floor	NOUN
ftr-365	880	20	,	,	PUNCT
ftr-365	880	21	commodity	commodity	NOUN
ftr-365	880	22	swaps	swap	NOUN
ftr-365	880	23	,	,	PUNCT
ftr-365	880	24	equity	equity	NOUN
ftr-365	880	25	swaps	swap	NOUN
ftr-365	880	26	,	,	PUNCT
ftr-365	880	27	and	and	CCONJ
ftr-365	880	28	similar	similar	ADJ
ftr-365	880	29	agreements	agreement	NOUN
ftr-365	880	30	.	.	PUNCT
ftr-365	881	1	210	210	NUM
ftr-365	881	2	a	a	DET
ftr-365	881	3	swap	swap	NOUN
ftr-365	881	4	is	be	AUX
ftr-365	881	5	a	a	DET
ftr-365	881	6	contract	contract	NOUN
ftr-365	881	7	pursuant	pursuant	NOUN
ftr-365	881	8	to	to	ADP
ftr-365	881	9	which	which	PRON
ftr-365	881	10	the	the	DET
ftr-365	881	11	parties	party	NOUN
ftr-365	881	12	agree	agree	VERB
ftr-365	881	13	to	to	PART
ftr-365	881	14	exchange	exchange	VERB
ftr-365	881	15	payments	payment	NOUN
ftr-365	881	16	calculated	calculate	VERB
ftr-365	881	17	by	by	ADP
ftr-365	881	18	reference	reference	NOUN
ftr-365	881	19	to	to	ADP
ftr-365	881	20	a	a	DET
ftr-365	881	21	notional	notional	ADJ
ftr-365	881	22	amount	amount	NOUN
ftr-365	881	23	.	.	PUNCT
ftr-365	882	1	211	211	NUM
ftr-365	882	2	example	example	NOUN
ftr-365	882	3	of	of	ADP
ftr-365	882	4	an	an	DET
ftr-365	882	5	interest	interest	NOUN
ftr-365	882	6	rate	rate	NOUN
ftr-365	882	7	swap	swap	NOUN
ftr-365	882	8	:	:	PUNCT
ftr-365	882	9	on	on	ADP
ftr-365	882	10	january	january	PROPN
ftr-365	882	11	1	1	NUM
ftr-365	882	12	,	,	PUNCT
ftr-365	882	13	2007	2007	NUM
ftr-365	882	14	,	,	PUNCT
ftr-365	882	15	a	a	PRON
ftr-365	882	16	and	and	CCONJ
ftr-365	882	17	b	b	NOUN
ftr-365	882	18	enter	enter	VERB
ftr-365	882	19	into	into	ADP
ftr-365	882	20	a	a	DET
ftr-365	882	21	swap	swap	NOUN
ftr-365	882	22	with	with	ADP
ftr-365	882	23	a	a	DET
ftr-365	882	24	notional	notional	ADJ
ftr-365	882	25	amount	amount	NOUN
ftr-365	882	26	of	of	ADP
ftr-365	882	27	$	$	SYM
ftr-365	882	28	1,000	1,000	NUM
ftr-365	882	29	pursuant	pursuant	NOUN
ftr-365	882	30	to	to	ADP
ftr-365	882	31	which	which	PRON
ftr-365	882	32	,	,	PUNCT
ftr-365	882	33	on	on	ADP
ftr-365	882	34	every	every	DET
ftr-365	882	35	january	january	PROPN
ftr-365	882	36	1	1	NUM
ftr-365	882	37	and	and	CCONJ
ftr-365	882	38	july	july	PROPN
ftr-365	882	39	1	1	NUM
ftr-365	882	40	,	,	PUNCT
ftr-365	882	41	party	party	NOUN
ftr-365	882	42	a	a	PRON
ftr-365	882	43	will	will	AUX
ftr-365	882	44	pay	pay	VERB
ftr-365	882	45	party	party	PROPN
ftr-365	882	46	b	b	PROPN
ftr-365	882	47	an	an	DET
ftr-365	882	48	amount	amount	NOUN
ftr-365	882	49	equal	equal	ADJ
ftr-365	882	50	to	to	ADP
ftr-365	882	51	5	5	NUM
ftr-365	882	52	%	%	NOUN
ftr-365	882	53	of	of	ADP
ftr-365	882	54	the	the	DET
ftr-365	882	55	notional	notional	ADJ
ftr-365	882	56	amount	amount	NOUN
ftr-365	882	57	,	,	PUNCT
ftr-365	882	58	and	and	CCONJ
ftr-365	882	59	party	party	NOUN
ftr-365	882	60	b	b	PROPN
ftr-365	882	61	will	will	AUX
ftr-365	882	62	pay	pay	VERB
ftr-365	882	63	a	a	DET
ftr-365	882	64	an	an	DET
ftr-365	882	65	amount	amount	NOUN
ftr-365	882	66	equal	equal	ADJ
ftr-365	882	67	to	to	ADP
ftr-365	882	68	libor	libor	PROPN
ftr-365	882	69	times	times	PROPN
ftr-365	882	70	the	the	DET
ftr-365	882	71	notional	notional	ADJ
ftr-365	882	72	amount	amount	NOUN
ftr-365	882	73	.	.	PUNCT
ftr-365	883	1	the	the	DET
ftr-365	883	2	amounts	amount	NOUN
ftr-365	883	3	from	from	ADP
ftr-365	883	4	each	each	DET
ftr-365	883	5	party	party	NOUN
ftr-365	883	6	are	be	AUX
ftr-365	883	7	netted	net	VERB
ftr-365	883	8	.	.	PUNCT
ftr-365	884	1	in	in	ADP
ftr-365	884	2	the	the	DET
ftr-365	884	3	united	united	PROPN
ftr-365	884	4	states	states	PROPN
ftr-365	884	5	,	,	PUNCT
ftr-365	884	6	the	the	DET
ftr-365	884	7	notional	notional	ADJ
ftr-365	884	8	principal	principal	ADJ
ftr-365	884	9	contracts	contract	NOUN
ftr-365	884	10	regulations	regulation	NOUN
ftr-365	884	11	group	group	NOUN
ftr-365	884	12	all	all	DET
ftr-365	884	13	payments	payment	NOUN
ftr-365	884	14	under	under	ADP
ftr-365	884	15	notional	notional	ADJ
ftr-365	884	16	principal	principal	ADJ
ftr-365	884	17	contracts	contract	NOUN
ftr-365	884	18	into	into	ADP
ftr-365	884	19	three	three	NUM
ftr-365	884	20	categories	category	NOUN
ftr-365	884	21	:	:	PUNCT
ftr-365	884	22	(	(	PUNCT
ftr-365	884	23	i	i	NOUN
ftr-365	884	24	)	)	PUNCT
ftr-365	884	25	periodic	periodic	ADJ
ftr-365	884	26	payments	payment	NOUN
ftr-365	884	27	;	;	PUNCT
ftr-365	884	28	(	(	PUNCT
ftr-365	884	29	ii	ii	NOUN
ftr-365	884	30	)	)	PUNCT
ftr-365	884	31	non	non	ADJ
ftr-365	884	32	-	-	ADJ
ftr-365	884	33	periodic	periodic	ADJ
ftr-365	884	34	payments	payment	NOUN
ftr-365	884	35	;	;	PUNCT
ftr-365	884	36	and	and	CCONJ
ftr-365	884	37	(	(	PUNCT
ftr-365	884	38	iii	iii	X
ftr-365	884	39	)	)	PUNCT
ftr-365	884	40	termination	termination	NOUN
ftr-365	884	41	payments	payment	NOUN
ftr-365	884	42	.	.	PUNCT
ftr-365	885	1	212	212	NUM
ftr-365	885	2	a	a	DET
ftr-365	885	3	party	party	NOUN
ftr-365	885	4	to	to	ADP
ftr-365	885	5	a	a	DET
ftr-365	885	6	notional	notional	ADJ
ftr-365	885	7	principal	principal	ADJ
ftr-365	885	8	contract	contract	NOUN
ftr-365	885	9	must	must	AUX
ftr-365	885	10	annually	annually	ADV
ftr-365	885	11	include	include	VERB
ftr-365	885	12	in	in	ADP
ftr-365	885	13	gross	gross	ADJ
ftr-365	885	14	income	income	NOUN
ftr-365	885	15	any	any	DET
ftr-365	885	16	“	"	PUNCT
ftr-365	885	17	net	net	ADJ
ftr-365	885	18	income	income	NOUN
ftr-365	885	19	”	"	PUNCT
ftr-365	885	20	from	from	ADP
ftr-365	885	21	the	the	DET
ftr-365	885	22	contract	contract	NOUN
ftr-365	885	23	or	or	CCONJ
ftr-365	885	24	is	be	AUX
ftr-365	885	25	allowed	allow	VERB
ftr-365	885	26	to	to	PART
ftr-365	885	27	deduct	deduct	VERB
ftr-365	885	28	any	any	DET
ftr-365	885	29	net	net	ADJ
ftr-365	885	30	cost	cost	NOUN
ftr-365	885	31	.	.	PUNCT
ftr-365	886	1	213	213	NUM
ftr-365	886	2	specifically	specifically	ADV
ftr-365	886	3	,	,	PUNCT
ftr-365	886	4	all	all	DET
ftr-365	886	5	taxpayers	taxpayer	NOUN
ftr-365	886	6	,	,	PUNCT
ftr-365	886	7	regardless	regardless	ADV
ftr-365	886	8	of	of	ADP
ftr-365	886	9	their	their	PRON
ftr-365	886	10	method	method	NOUN
ftr-365	886	11	of	of	ADP
ftr-365	886	12	accounting	accounting	NOUN
ftr-365	886	13	,	,	PUNCT
ftr-365	886	14	must	must	AUX
ftr-365	886	15	recognize	recognize	VERB
ftr-365	886	16	the	the	DET
ftr-365	886	17	ratable	ratable	ADJ
ftr-365	886	18	daily	daily	ADJ
ftr-365	886	19	portion	portion	NOUN
ftr-365	886	20	of	of	ADP
ftr-365	886	21	a	a	DET
ftr-365	886	22	periodic	periodic	ADJ
ftr-365	886	23	payment	payment	NOUN
ftr-365	886	24	and	and	CCONJ
ftr-365	886	25	a	a	DET
ftr-365	886	26	non	non	ADJ
ftr-365	886	27	-	-	ADJ
ftr-365	886	28	periodic	periodic	ADJ
ftr-365	886	29	payment	payment	NOUN
ftr-365	886	30	for	for	ADP
ftr-365	886	31	the	the	DET
ftr-365	886	32	taxable	taxable	ADJ
ftr-365	886	33	year	year	NOUN
ftr-365	886	34	to	to	PART
ftr-365	886	35	which	which	PRON
ftr-365	886	36	such	such	ADJ
ftr-365	886	37	portions	portion	NOUN
ftr-365	886	38	relate	relate	VERB
ftr-365	886	39	.	.	PUNCT
ftr-365	887	1	214	214	NUM
ftr-365	887	2	a	a	DET
ftr-365	887	3	non	non	ADJ
ftr-365	887	4	-	-	ADJ
ftr-365	887	5	periodic	periodic	ADJ
ftr-365	887	6	payment	payment	NOUN
ftr-365	887	7	must	must	AUX
ftr-365	887	8	be	be	AUX
ftr-365	887	9	amortized	amortize	VERB
ftr-365	887	10	207	207	NUM
ftr-365	887	11	.	.	PUNCT
ftr-365	888	1	avi	avi	VERB
ftr-365	888	2	-	-	PUNCT
ftr-365	888	3	yonah	yonah	PROPN
ftr-365	888	4	and	and	CCONJ
ftr-365	888	5	swartz	swartz	PROPN
ftr-365	888	6	(	(	PUNCT
ftr-365	888	7	1997	1997	NUM
ftr-365	888	8	)	)	PUNCT
ftr-365	888	9	,	,	PUNCT
ftr-365	888	10	supra	supra	PROPN
ftr-365	888	11	note	note	NOUN
ftr-365	888	12	39	39	NUM
ftr-365	888	13	.	.	PUNCT
ftr-365	889	1	see	see	VERB
ftr-365	889	2	also	also	ADV
ftr-365	889	3	keinan	keinan	X
ftr-365	889	4	(	(	PUNCT
ftr-365	889	5	2007	2007	NUM
ftr-365	889	6	)	)	PUNCT
ftr-365	889	7	,	,	PUNCT
ftr-365	889	8	supra	supra	PROPN
ftr-365	889	9	note	note	NOUN
ftr-365	889	10	32	32	NUM
ftr-365	889	11	,	,	PUNCT
ftr-365	889	12	at	at	ADP
ftr-365	889	13	93	93	NUM
ftr-365	889	14	-	-	SYM
ftr-365	889	15	4	4	NUM
ftr-365	889	16	.	.	NOUN
ftr-365	889	17	208	208	NUM
ftr-365	889	18	.	.	PUNCT
ftr-365	890	1	i	i	PRON
ftr-365	890	2	d.	d.	PROPN
ftr-365	890	3	see	see	VERB
ftr-365	890	4	also	also	ADV
ftr-365	890	5	may	may	AUX
ftr-365	890	6	(	(	PUNCT
ftr-365	890	7	1995	1995	NUM
ftr-365	890	8	)	)	PUNCT
ftr-365	890	9	,	,	PUNCT
ftr-365	890	10	supra	supra	PROPN
ftr-365	890	11	note	note	VERB
ftr-365	890	12	6	6	NUM
ftr-365	890	13	.	.	X
ftr-365	890	14	209	209	NUM
ftr-365	890	15	.	.	PUNCT
ftr-365	891	1	treas	treas	PROPN
ftr-365	891	2	.	.	PUNCT
ftr-365	892	1	regs	regs	PROPN
ftr-365	892	2	.	.	PUNCT
ftr-365	893	1	§	§	PROPN
ftr-365	893	2	1.446	1.446	NUM
ftr-365	893	3	-	-	NUM
ftr-365	893	4	3(c)(1)(i	3(c)(1)(i	NUM
ftr-365	893	5	)	)	PUNCT
ftr-365	893	6	.	.	PUNCT
ftr-365	894	1	210	210	NUM
ftr-365	894	2	.	.	PUNCT
ftr-365	895	1	irc	irc	AUX
ftr-365	895	2	§	§	PROPN
ftr-365	895	3	1256	1256	NUM
ftr-365	895	4	contracts	contract	NOUN
ftr-365	895	5	,	,	PUNCT
ftr-365	895	6	debt	debt	NOUN
ftr-365	895	7	instruments	instrument	NOUN
ftr-365	895	8	,	,	PUNCT
ftr-365	895	9	options	option	NOUN
ftr-365	895	10	and	and	CCONJ
ftr-365	895	11	forward	forward	ADJ
ftr-365	895	12	contracts	contract	NOUN
ftr-365	895	13	do	do	AUX
ftr-365	895	14	not	not	PART
ftr-365	895	15	constitute	constitute	VERB
ftr-365	895	16	notional	notional	ADJ
ftr-365	895	17	principal	principal	ADJ
ftr-365	895	18	contracts	contract	NOUN
ftr-365	895	19	.	.	PUNCT
ftr-365	896	1	treas	treas	PROPN
ftr-365	896	2	.	.	PUNCT
ftr-365	897	1	regs	regs	PROPN
ftr-365	897	2	.	.	PUNCT
ftr-365	898	1	§	§	PROPN
ftr-365	898	2	1.446	1.446	NUM
ftr-365	898	3	-	-	SYM
ftr-365	898	4	3(c)(1)(ii	3(c)(1)(ii	NUM
ftr-365	898	5	)	)	PUNCT
ftr-365	898	6	.	.	PUNCT
ftr-365	899	1	211	211	NUM
ftr-365	899	2	.	.	PUNCT
ftr-365	900	1	see	see	VERB
ftr-365	900	2	avi	avi	PROPN
ftr-365	900	3	-	-	PUNCT
ftr-365	900	4	yonah	yonah	PROPN
ftr-365	900	5	and	and	CCONJ
ftr-365	900	6	swartz	swartz	PROPN
ftr-365	900	7	(	(	PUNCT
ftr-365	900	8	1997	1997	NUM
ftr-365	900	9	)	)	PUNCT
ftr-365	900	10	,	,	PUNCT
ftr-365	900	11	supra	supra	PROPN
ftr-365	900	12	note	note	NOUN
ftr-365	900	13	39	39	NUM
ftr-365	900	14	.	.	PUNCT
ftr-365	901	1	see	see	VERB
ftr-365	901	2	also	also	ADV
ftr-365	901	3	keinan	keinan	X
ftr-365	901	4	(	(	PUNCT
ftr-365	901	5	2007	2007	NUM
ftr-365	901	6	)	)	PUNCT
ftr-365	901	7	,	,	PUNCT
ftr-365	901	8	supra	supra	PROPN
ftr-365	901	9	note	note	NOUN
ftr-365	901	10	32	32	NUM
ftr-365	901	11	,	,	PUNCT
ftr-365	901	12	at	at	ADP
ftr-365	901	13	104	104	NUM
ftr-365	901	14	-	-	SYM
ftr-365	901	15	05	05	NUM
ftr-365	901	16	.	.	PUNCT
ftr-365	901	17	212	212	NUM
ftr-365	901	18	.	.	PUNCT
ftr-365	902	1	see	see	VERB
ftr-365	902	2	generally	generally	ADV
ftr-365	902	3	treas	treas	PROPN
ftr-365	902	4	.	.	PUNCT
ftr-365	903	1	regs	regs	PROPN
ftr-365	903	2	.	.	PUNCT
ftr-365	904	1	§	§	PROPN
ftr-365	904	2	1.446	1.446	NUM
ftr-365	904	3	-	-	SYM
ftr-365	904	4	3	3	NUM
ftr-365	904	5	.	.	PUNCT
ftr-365	905	1	see	see	VERB
ftr-365	905	2	also	also	ADV
ftr-365	905	3	may	may	AUX
ftr-365	905	4	(	(	PUNCT
ftr-365	905	5	1995	1995	NUM
ftr-365	905	6	)	)	PUNCT
ftr-365	905	7	,	,	PUNCT
ftr-365	905	8	supra	supra	PROPN
ftr-365	905	9	note	note	VERB
ftr-365	905	10	6	6	NUM
ftr-365	905	11	.	.	NOUN
ftr-365	905	12	213	213	NUM
ftr-365	905	13	.	.	PUNCT
ftr-365	906	1	treas	treas	PROPN
ftr-365	906	2	.	.	PUNCT
ftr-365	906	3	regs	regs	PROPN
ftr-365	906	4	.	.	PUNCT
ftr-365	907	1	§	§	PROPN
ftr-365	907	2	1.446	1.446	NUM
ftr-365	907	3	-	-	SYM
ftr-365	907	4	3(d	3(d	NUM
ftr-365	907	5	)	)	PUNCT
ftr-365	907	6	.	.	PUNCT
ftr-365	908	1	214	214	NUM
ftr-365	908	2	.	.	PUNCT
ftr-365	909	1	treas	treas	PROPN
ftr-365	909	2	.	.	PUNCT
ftr-365	909	3	regs	regs	PROPN
ftr-365	909	4	.	.	PUNCT
ftr-365	910	1	§	§	PROPN
ftr-365	910	2	§	§	PROPN
ftr-365	910	3	1.446	1.446	NUM
ftr-365	910	4	-	-	SYM
ftr-365	910	5	3(e)(2)(i	3(e)(2)(i	NUM
ftr-365	910	6	)	)	PUNCT
ftr-365	910	7	and	and	CCONJ
ftr-365	910	8	1.446	1.446	NUM
ftr-365	910	9	-	-	SYM
ftr-365	910	10	3(f)(2)(i	3(f)(2)(i	NUM
ftr-365	910	11	)	)	PUNCT
ftr-365	910	12	.	.	PUNCT
ftr-365	911	1	2008	2008	NUM
ftr-365	911	2	]	]	PUNCT
ftr-365	912	1	the	the	DET
ftr-365	912	2	case	case	NOUN
ftr-365	912	3	for	for	ADP
ftr-365	912	4	residency	residency	NOUN
ftr-365	912	5	-	-	PUNCT
ftr-365	912	6	based	base	VERB
ftr-365	912	7	taxation	taxation	NOUN
ftr-365	912	8	41	41	NUM
ftr-365	912	9	and	and	CCONJ
ftr-365	912	10	recognized	recognize	VERB
ftr-365	912	11	over	over	ADP
ftr-365	912	12	the	the	DET
ftr-365	912	13	contract	contract	NOUN
ftr-365	912	14	term	term	NOUN
ftr-365	912	15	in	in	ADP
ftr-365	912	16	a	a	DET
ftr-365	912	17	manner	manner	NOUN
ftr-365	912	18	that	that	PRON
ftr-365	912	19	reflects	reflect	VERB
ftr-365	912	20	the	the	DET
ftr-365	912	21	economic	economic	ADJ
ftr-365	912	22	substance	substance	NOUN
ftr-365	912	23	of	of	ADP
ftr-365	912	24	the	the	DET
ftr-365	912	25	contract	contract	NOUN
ftr-365	912	26	.	.	PUNCT
ftr-365	913	1	215	215	NUM
ftr-365	913	2	a	a	DET
ftr-365	913	3	termination	termination	NOUN
ftr-365	913	4	payment	payment	NOUN
ftr-365	913	5	is	be	AUX
ftr-365	913	6	recognized	recognize	VERB
ftr-365	913	7	by	by	ADP
ftr-365	913	8	the	the	DET
ftr-365	913	9	original	original	ADJ
ftr-365	913	10	party	party	NOUN
ftr-365	913	11	to	to	ADP
ftr-365	913	12	the	the	DET
ftr-365	913	13	contract	contract	NOUN
ftr-365	913	14	as	as	ADP
ftr-365	913	15	income	income	NOUN
ftr-365	913	16	or	or	CCONJ
ftr-365	913	17	deduction	deduction	NOUN
ftr-365	913	18	when	when	SCONJ
ftr-365	913	19	the	the	DET
ftr-365	913	20	contract	contract	NOUN
ftr-365	913	21	is	be	AUX
ftr-365	913	22	extinguished	extinguish	VERB
ftr-365	913	23	,	,	PUNCT
ftr-365	913	24	assigned	assign	VERB
ftr-365	913	25	,	,	PUNCT
ftr-365	913	26	or	or	CCONJ
ftr-365	913	27	exchanged	exchange	VERB
ftr-365	913	28	.	.	PUNCT
ftr-365	914	1	216	216	NUM
ftr-365	914	2	2	2	NUM
ftr-365	914	3	.	.	PUNCT
ftr-365	914	4	risk	risk	NOUN
ftr-365	914	5	management	management	NOUN
ftr-365	914	6	and	and	CCONJ
ftr-365	914	7	hedging	hedging	NOUN
ftr-365	914	8	businesses	business	NOUN
ftr-365	914	9	routinely	routinely	ADV
ftr-365	914	10	use	use	VERB
ftr-365	914	11	derivatives	derivative	NOUN
ftr-365	914	12	to	to	PART
ftr-365	914	13	manage	manage	VERB
ftr-365	914	14	risks	risk	NOUN
ftr-365	914	15	related	relate	VERB
ftr-365	914	16	to	to	ADP
ftr-365	914	17	movements	movement	NOUN
ftr-365	914	18	in	in	ADP
ftr-365	914	19	commodities	commodity	NOUN
ftr-365	914	20	and	and	CCONJ
ftr-365	914	21	securities	security	NOUN
ftr-365	914	22	prices	price	NOUN
ftr-365	914	23	,	,	PUNCT
ftr-365	914	24	currencies	currency	NOUN
ftr-365	914	25	,	,	PUNCT
ftr-365	914	26	and	and	CCONJ
ftr-365	914	27	interest	interest	NOUN
ftr-365	914	28	rates	rate	NOUN
ftr-365	914	29	.	.	PUNCT
ftr-365	915	1	217	217	NUM
ftr-365	915	2	instruments	instrument	NOUN
ftr-365	915	3	available	available	ADJ
ftr-365	915	4	to	to	PART
ftr-365	915	5	manage	manage	VERB
ftr-365	915	6	such	such	ADJ
ftr-365	915	7	risks	risk	NOUN
ftr-365	915	8	include	include	VERB
ftr-365	915	9	options	option	NOUN
ftr-365	915	10	,	,	PUNCT
ftr-365	915	11	futures	future	NOUN
ftr-365	915	12	and	and	CCONJ
ftr-365	915	13	forward	forward	ADJ
ftr-365	915	14	contracts	contract	NOUN
ftr-365	915	15	,	,	PUNCT
ftr-365	915	16	and	and	CCONJ
ftr-365	915	17	notional	notional	ADJ
ftr-365	915	18	principal	principal	ADJ
ftr-365	915	19	contracts	contract	NOUN
ftr-365	915	20	.	.	PUNCT
ftr-365	916	1	218	218	NUM
ftr-365	916	2	businesses	business	NOUN
ftr-365	916	3	can	can	AUX
ftr-365	916	4	hedge	hedge	VERB
ftr-365	916	5	assets	asset	NOUN
ftr-365	916	6	or	or	CCONJ
ftr-365	916	7	liabilities	liability	NOUN
ftr-365	916	8	,	,	PUNCT
ftr-365	916	9	and	and	CCONJ
ftr-365	916	10	can	can	AUX
ftr-365	916	11	also	also	ADV
ftr-365	916	12	hedge	hedge	VERB
ftr-365	916	13	these	these	DET
ftr-365	916	14	exposures	exposure	NOUN
ftr-365	916	15	only	only	ADV
ftr-365	916	16	in	in	ADP
ftr-365	916	17	part	part	NOUN
ftr-365	916	18	or	or	CCONJ
ftr-365	916	19	only	only	ADV
ftr-365	916	20	for	for	ADP
ftr-365	916	21	a	a	DET
ftr-365	916	22	limited	limited	ADJ
ftr-365	916	23	time	time	NOUN
ftr-365	916	24	.	.	PUNCT
ftr-365	917	1	219	219	NUM
ftr-365	917	2	as	as	SCONJ
ftr-365	917	3	set	set	VERB
ftr-365	917	4	forth	forth	ADV
ftr-365	917	5	above	above	ADV
ftr-365	917	6	,	,	PUNCT
ftr-365	917	7	rosenbloom	rosenbloom	NOUN
ftr-365	917	8	(	(	PUNCT
ftr-365	917	9	1996	1996	NUM
ftr-365	917	10	)	)	PUNCT
ftr-365	917	11	observed	observe	VERB
ftr-365	917	12	that	that	SCONJ
ftr-365	917	13	:	:	PUNCT
ftr-365	917	14	a	a	DET
ftr-365	917	15	derivative	derivative	NOUN
ftr-365	917	16	usually	usually	ADV
ftr-365	917	17	insures	insure	VERB
ftr-365	917	18	against	against	ADP
ftr-365	917	19	a	a	DET
ftr-365	917	20	financial	financial	ADJ
ftr-365	917	21	risk	risk	NOUN
ftr-365	917	22	,	,	PUNCT
ftr-365	917	23	such	such	ADJ
ftr-365	917	24	as	as	ADP
ftr-365	917	25	the	the	DET
ftr-365	917	26	chance	chance	NOUN
ftr-365	917	27	that	that	SCONJ
ftr-365	917	28	a	a	DET
ftr-365	917	29	particular	particular	ADJ
ftr-365	917	30	currency	currency	NOUN
ftr-365	917	31	will	will	AUX
ftr-365	917	32	rise	rise	VERB
ftr-365	917	33	or	or	CCONJ
ftr-365	917	34	fall	fall	VERB
ftr-365	917	35	in	in	ADP
ftr-365	917	36	value	value	NOUN
ftr-365	917	37	,	,	PUNCT
ftr-365	917	38	that	that	SCONJ
ftr-365	917	39	the	the	DET
ftr-365	917	40	price	price	NOUN
ftr-365	917	41	of	of	ADP
ftr-365	917	42	a	a	DET
ftr-365	917	43	commodity	commodity	NOUN
ftr-365	917	44	such	such	ADJ
ftr-365	917	45	as	as	ADP
ftr-365	917	46	corn	corn	NOUN
ftr-365	917	47	will	will	AUX
ftr-365	917	48	rise	rise	VERB
ftr-365	917	49	above	above	ADV
ftr-365	917	50	or	or	CCONJ
ftr-365	917	51	fall	fall	VERB
ftr-365	917	52	below	below	ADP
ftr-365	917	53	a	a	DET
ftr-365	917	54	particular	particular	ADJ
ftr-365	917	55	level	level	NOUN
ftr-365	917	56	,	,	PUNCT
ftr-365	917	57	or	or	CCONJ
ftr-365	917	58	that	that	SCONJ
ftr-365	917	59	interest	interest	NOUN
ftr-365	917	60	rates	rate	NOUN
ftr-365	917	61	will	will	AUX
ftr-365	917	62	move	move	VERB
ftr-365	917	63	in	in	ADP
ftr-365	917	64	a	a	DET
ftr-365	917	65	particular	particular	ADJ
ftr-365	917	66	direction	direction	NOUN
ftr-365	917	67	.	.	PUNCT
ftr-365	918	1	220	220	NUM
ftr-365	918	2	most	most	ADJ
ftr-365	918	3	countries	country	NOUN
ftr-365	918	4	do	do	AUX
ftr-365	918	5	not	not	PART
ftr-365	918	6	have	have	VERB
ftr-365	918	7	specific	specific	ADJ
ftr-365	918	8	tax	tax	NOUN
ftr-365	918	9	rules	rule	NOUN
ftr-365	918	10	for	for	ADP
ftr-365	918	11	hedging	hedging	NOUN
ftr-365	918	12	transactions	transaction	NOUN
ftr-365	918	13	.	.	PUNCT
ftr-365	919	1	in	in	ADP
ftr-365	919	2	the	the	DET
ftr-365	919	3	united	united	PROPN
ftr-365	919	4	states	states	PROPN
ftr-365	919	5	,	,	PUNCT
ftr-365	919	6	prior	prior	ADV
ftr-365	919	7	to	to	ADP
ftr-365	919	8	1993	1993	NUM
ftr-365	919	9	,	,	PUNCT
ftr-365	919	10	the	the	DET
ftr-365	919	11	tax	tax	NOUN
ftr-365	919	12	treatment	treatment	NOUN
ftr-365	919	13	of	of	ADP
ftr-365	919	14	hedging	hedging	NOUN
ftr-365	919	15	transactions	transaction	NOUN
ftr-365	919	16	(	(	PUNCT
ftr-365	919	17	in	in	ADP
ftr-365	919	18	particular	particular	ADJ
ftr-365	919	19	,	,	PUNCT
ftr-365	919	20	the	the	DET
ftr-365	919	21	character	character	NOUN
ftr-365	919	22	of	of	ADP
ftr-365	919	23	gains	gain	NOUN
ftr-365	919	24	and	and	CCONJ
ftr-365	919	25	losses	loss	NOUN
ftr-365	919	26	)	)	PUNCT
ftr-365	919	27	was	be	AUX
ftr-365	919	28	entirely	entirely	ADV
ftr-365	919	29	a	a	DET
ftr-365	919	30	matter	matter	NOUN
ftr-365	919	31	of	of	ADP
ftr-365	919	32	case	case	NOUN
ftr-365	919	33	law	law	NOUN
ftr-365	919	34	and	and	CCONJ
ftr-365	919	35	administrative	administrative	ADJ
ftr-365	919	36	practice	practice	NOUN
ftr-365	919	37	.	.	PUNCT
ftr-365	920	1	221	221	NUM
ftr-365	920	2	in	in	ADP
ftr-365	920	3	1988	1988	NUM
ftr-365	920	4	,	,	PUNCT
ftr-365	920	5	the	the	DET
ftr-365	920	6	supreme	supreme	PROPN
ftr-365	920	7	court	court	PROPN
ftr-365	920	8	in	in	ADP
ftr-365	920	9	arkansas	arkansas	PROPN
ftr-365	920	10	best	best	PROPN
ftr-365	920	11	corp	corp	PROPN
ftr-365	920	12	.	.	PROPN
ftr-365	921	1	v.	v.	ADP
ftr-365	921	2	215	215	NUM
ftr-365	921	3	.	.	PUNCT
ftr-365	922	1	i	i	PRON
ftr-365	922	2	d.	d.	PROPN
ftr-365	922	3	216	216	NUM
ftr-365	922	4	.	.	PUNCT
ftr-365	923	1	treas	treas	PROPN
ftr-365	923	2	.	.	PUNCT
ftr-365	923	3	regs	regs	PROPN
ftr-365	923	4	.	.	PUNCT
ftr-365	924	1	§	§	PROPN
ftr-365	924	2	1.446	1.446	NUM
ftr-365	924	3	-	-	SYM
ftr-365	924	4	3(h)(2	3(h)(2	NUM
ftr-365	924	5	)	)	PUNCT
ftr-365	924	6	.	.	PUNCT
ftr-365	925	1	217	217	NUM
ftr-365	925	2	.	.	PUNCT
ftr-365	926	1	see	see	VERB
ftr-365	926	2	generally	generally	ADV
ftr-365	926	3	,	,	PUNCT
ftr-365	926	4	david	david	PROPN
ftr-365	926	5	c.	c.	PROPN
ftr-365	926	6	garlock	garlock	PROPN
ftr-365	926	7	,	,	PUNCT
ftr-365	926	8	federal	federal	ADJ
ftr-365	926	9	income	income	NOUN
ftr-365	926	10	taxation	taxation	NOUN
ftr-365	926	11	of	of	ADP
ftr-365	926	12	debt	debt	NOUN
ftr-365	926	13	instruments	instrument	NOUN
ftr-365	926	14	,	,	PUNCT
ftr-365	926	15	chapter	chapter	NOUN
ftr-365	926	16	17.01[a	17.01[a	NOUN
ftr-365	926	17	]	]	PUNCT
ftr-365	926	18	(	(	PUNCT
ftr-365	926	19	2005	2005	NUM
ftr-365	926	20	ed	ed	NOUN
ftr-365	926	21	)	)	PUNCT
ftr-365	926	22	.	.	PUNCT
ftr-365	927	1	218	218	NUM
ftr-365	927	2	.	.	PUNCT
ftr-365	928	1	i	i	PRON
ftr-365	928	2	d.	d.	PROPN
ftr-365	928	3	219	219	NUM
ftr-365	928	4	.	.	PUNCT
ftr-365	928	5	see	see	VERB
ftr-365	928	6	avi	avi	PROPN
ftr-365	928	7	-	-	PUNCT
ftr-365	928	8	yonah	yonah	PROPN
ftr-365	928	9	&	&	CCONJ
ftr-365	928	10	swartz	swartz	PROPN
ftr-365	928	11	(	(	PUNCT
ftr-365	928	12	1997	1997	NUM
ftr-365	928	13	)	)	PUNCT
ftr-365	928	14	,	,	PUNCT
ftr-365	928	15	supra	supra	PROPN
ftr-365	928	16	note	note	VERB
ftr-365	928	17	39	39	NUM
ftr-365	928	18	.	.	NOUN
ftr-365	928	19	220	220	NUM
ftr-365	928	20	.	.	PUNCT
ftr-365	929	1	rosenbloom	rosenbloom	NOUN
ftr-365	929	2	,	,	PUNCT
ftr-365	929	3	supra	supra	PROPN
ftr-365	929	4	note	note	NOUN
ftr-365	929	5	32	32	NUM
ftr-365	929	6	,	,	PUNCT
ftr-365	929	7	at	at	ADP
ftr-365	929	8	598	598	NUM
ftr-365	929	9	(	(	PUNCT
ftr-365	929	10	illustrating	illustrate	VERB
ftr-365	929	11	with	with	ADP
ftr-365	929	12	the	the	DET
ftr-365	929	13	following	follow	VERB
ftr-365	929	14	example	example	NOUN
ftr-365	929	15	:	:	PUNCT
ftr-365	929	16	“	"	PUNCT
ftr-365	929	17	the	the	DET
ftr-365	929	18	holder	holder	NOUN
ftr-365	929	19	of	of	ADP
ftr-365	929	20	an	an	DET
ftr-365	929	21	option	option	NOUN
ftr-365	929	22	to	to	PART
ftr-365	929	23	purchase	purchase	VERB
ftr-365	929	24	100,000	100,000	NUM
ftr-365	929	25	deutsche	deutsche	NOUN
ftr-365	929	26	marks	mark	NOUN
ftr-365	929	27	at	at	ADP
ftr-365	929	28	1.3	1.3	NUM
ftr-365	929	29	dm	dm	NOUN
ftr-365	929	30	to	to	ADP
ftr-365	929	31	the	the	DET
ftr-365	929	32	dollar	dollar	NOUN
ftr-365	929	33	is	be	AUX
ftr-365	929	34	not	not	PART
ftr-365	929	35	required	require	VERB
ftr-365	929	36	to	to	PART
ftr-365	929	37	demand	demand	VERB
ftr-365	929	38	payment	payment	NOUN
ftr-365	929	39	,	,	PUNCT
ftr-365	929	40	and	and	CCONJ
ftr-365	929	41	presumably	presumably	ADV
ftr-365	929	42	will	will	AUX
ftr-365	929	43	not	not	PART
ftr-365	929	44	do	do	VERB
ftr-365	929	45	so	so	ADV
ftr-365	929	46	unless	unless	SCONJ
ftr-365	929	47	the	the	DET
ftr-365	929	48	event	event	NOUN
ftr-365	929	49	insured	insure	VERB
ftr-365	929	50	against	against	ADP
ftr-365	929	51	the	the	DET
ftr-365	929	52	risk	risk	NOUN
ftr-365	929	53	occurs	occur	VERB
ftr-365	929	54	(	(	PUNCT
ftr-365	929	55	for	for	ADP
ftr-365	929	56	instance	instance	NOUN
ftr-365	929	57	,	,	PUNCT
ftr-365	929	58	the	the	DET
ftr-365	929	59	deutsche	deutsche	PROPN
ftr-365	929	60	mark	mark	PROPN
ftr-365	929	61	rises	rise	VERB
ftr-365	929	62	to	to	ADP
ftr-365	929	63	1.1:1	1.1:1	NUM
ftr-365	929	64	)	)	PUNCT
ftr-365	929	65	.	.	PUNCT
ftr-365	930	1	if	if	SCONJ
ftr-365	930	2	that	that	PRON
ftr-365	930	3	occurs	occur	VERB
ftr-365	930	4	,	,	PUNCT
ftr-365	930	5	the	the	DET
ftr-365	930	6	holder	holder	NOUN
ftr-365	930	7	of	of	ADP
ftr-365	930	8	the	the	DET
ftr-365	930	9	option	option	NOUN
ftr-365	930	10	has	have	VERB
ftr-365	930	11	an	an	DET
ftr-365	930	12	economic	economic	ADJ
ftr-365	930	13	incentive	incentive	NOUN
ftr-365	930	14	to	to	PART
ftr-365	930	15	require	require	VERB
ftr-365	930	16	the	the	DET
ftr-365	930	17	option	option	NOUN
ftr-365	930	18	writer	writer	NOUN
ftr-365	930	19	to	to	PART
ftr-365	930	20	sell	sell	VERB
ftr-365	930	21	deutsche	deutsche	NOUN
ftr-365	930	22	marks	mark	NOUN
ftr-365	930	23	at	at	ADP
ftr-365	930	24	the	the	DET
ftr-365	930	25	option	option	NOUN
ftr-365	930	26	price	price	NOUN
ftr-365	930	27	of	of	ADP
ftr-365	930	28	1.3	1.3	NUM
ftr-365	930	29	dm	dm	NOUN
ftr-365	930	30	to	to	ADP
ftr-365	930	31	the	the	DET
ftr-365	930	32	dollar	dollar	NOUN
ftr-365	930	33	to	to	ADP
ftr-365	930	34	the	the	DET
ftr-365	930	35	extent	extent	NOUN
ftr-365	930	36	specified	specify	VERB
ftr-365	930	37	in	in	ADP
ftr-365	930	38	the	the	DET
ftr-365	930	39	option	option	NOUN
ftr-365	930	40	contract	contract	NOUN
ftr-365	930	41	.	.	PUNCT
ftr-365	931	1	the	the	DET
ftr-365	931	2	holder	holder	NOUN
ftr-365	931	3	’s	’s	PART
ftr-365	931	4	gain	gain	NOUN
ftr-365	931	5	upon	upon	SCONJ
ftr-365	931	6	the	the	DET
ftr-365	931	7	exercise	exercise	NOUN
ftr-365	931	8	of	of	ADP
ftr-365	931	9	the	the	DET
ftr-365	931	10	option	option	NOUN
ftr-365	931	11	will	will	AUX
ftr-365	931	12	precisely	precisely	ADV
ftr-365	931	13	mirror	mirror	VERB
ftr-365	931	14	the	the	DET
ftr-365	931	15	risk	risk	NOUN
ftr-365	931	16	that	that	SCONJ
ftr-365	931	17	100,000	100,000	NUM
ftr-365	931	18	deutsche	deutsche	NOUN
ftr-365	931	19	marks	mark	NOUN
ftr-365	931	20	would	would	AUX
ftr-365	931	21	rise	rise	VERB
ftr-365	931	22	above	above	ADP
ftr-365	931	23	the	the	DET
ftr-365	931	24	designated	designate	VERB
ftr-365	931	25	level	level	NOUN
ftr-365	931	26	.	.	PUNCT
ftr-365	931	27	”	"	PUNCT
ftr-365	931	28	)	)	PUNCT
ftr-365	931	29	.	.	PUNCT
ftr-365	932	1	221	221	NUM
ftr-365	932	2	.	.	PUNCT
ftr-365	933	1	see	see	VERB
ftr-365	933	2	corn	corn	NOUN
ftr-365	933	3	products	product	NOUN
ftr-365	933	4	v.	v.	ADP
ftr-365	933	5	comm’r	comm’r	NOUN
ftr-365	933	6	,	,	PUNCT
ftr-365	933	7	350	350	NUM
ftr-365	933	8	u.s	u.s	PROPN
ftr-365	933	9	.	.	PROPN
ftr-365	933	10	46	46	NUM
ftr-365	933	11	(	(	PUNCT
ftr-365	933	12	1955	1955	NUM
ftr-365	933	13	)	)	PUNCT
ftr-365	933	14	.	.	PUNCT
ftr-365	934	1	the	the	DET
ftr-365	934	2	taxpayer	taxpayer	NOUN
ftr-365	934	3	,	,	PUNCT
ftr-365	934	4	a	a	DET
ftr-365	934	5	manufacturer	manufacturer	NOUN
ftr-365	934	6	of	of	ADP
ftr-365	934	7	corn	corn	NOUN
ftr-365	934	8	products	product	NOUN
ftr-365	934	9	,	,	PUNCT
ftr-365	934	10	in	in	ADP
ftr-365	934	11	order	order	NOUN
ftr-365	934	12	to	to	PART
ftr-365	934	13	protect	protect	VERB
ftr-365	934	14	itself	itself	PRON
ftr-365	934	15	against	against	ADP
ftr-365	934	16	the	the	DET
ftr-365	934	17	risk	risk	NOUN
ftr-365	934	18	of	of	ADP
ftr-365	934	19	fluctuations	fluctuation	NOUN
ftr-365	934	20	in	in	ADP
ftr-365	934	21	42	42	NUM
ftr-365	934	22	florida	florida	PROPN
ftr-365	934	23	tax	tax	NOUN
ftr-365	934	24	review	review	NOUN
ftr-365	934	25	[	[	X
ftr-365	934	26	vol	vol	NOUN
ftr-365	934	27	.	.	PUNCT
ftr-365	934	28	9:1	9:1	NUM
ftr-365	934	29	comm’r	comm’r	ADP
ftr-365	934	30	held	hold	VERB
ftr-365	934	31	that	that	SCONJ
ftr-365	934	32	gain	gain	NOUN
ftr-365	934	33	or	or	CCONJ
ftr-365	934	34	loss	loss	NOUN
ftr-365	934	35	on	on	ADP
ftr-365	934	36	the	the	DET
ftr-365	934	37	sale	sale	NOUN
ftr-365	934	38	or	or	CCONJ
ftr-365	934	39	exchange	exchange	NOUN
ftr-365	934	40	of	of	ADP
ftr-365	934	41	an	an	DET
ftr-365	934	42	asset	asset	NOUN
ftr-365	934	43	is	be	AUX
ftr-365	934	44	capital	capital	NOUN
ftr-365	934	45	unless	unless	SCONJ
ftr-365	934	46	the	the	DET
ftr-365	934	47	asset	asset	NOUN
ftr-365	934	48	falls	fall	VERB
ftr-365	934	49	within	within	ADP
ftr-365	934	50	one	one	NUM
ftr-365	934	51	of	of	ADP
ftr-365	934	52	the	the	DET
ftr-365	934	53	specifically	specifically	ADV
ftr-365	934	54	enumerated	enumerate	VERB
ftr-365	934	55	exceptions	exception	NOUN
ftr-365	934	56	in	in	ADP
ftr-365	934	57	section	section	NOUN
ftr-365	934	58	1221	1221	NUM
ftr-365	934	59	.	.	PUNCT
ftr-365	935	1	222	222	NUM
ftr-365	935	2	in	in	ADP
ftr-365	935	3	fannie	fannie	PROPN
ftr-365	935	4	mae	mae	PROPN
ftr-365	935	5	v.	v.	PROPN
ftr-365	935	6	comm’r	comm’r	PROPN
ftr-365	935	7	,	,	PUNCT
ftr-365	935	8	the	the	DET
ftr-365	935	9	irs	irs	PROPN
ftr-365	935	10	argued	argue	VERB
ftr-365	935	11	that	that	SCONJ
ftr-365	935	12	arkansas	arkansas	PROPN
ftr-365	935	13	best	well	ADV
ftr-365	935	14	required	require	VERB
ftr-365	935	15	the	the	DET
ftr-365	935	16	taxpayer	taxpayer	NOUN
ftr-365	935	17	to	to	PART
ftr-365	935	18	treat	treat	VERB
ftr-365	935	19	its	its	PRON
ftr-365	935	20	hedging	hedging	NOUN
ftr-365	935	21	losses	loss	NOUN
ftr-365	935	22	as	as	ADP
ftr-365	935	23	capital	capital	NOUN
ftr-365	935	24	,	,	PUNCT
ftr-365	935	25	but	but	CCONJ
ftr-365	935	26	the	the	DET
ftr-365	935	27	tax	tax	NOUN
ftr-365	935	28	court	court	NOUN
ftr-365	935	29	disagreed	disagree	VERB
ftr-365	935	30	and	and	CCONJ
ftr-365	935	31	held	hold	VERB
ftr-365	935	32	for	for	ADP
ftr-365	935	33	the	the	DET
ftr-365	935	34	taxpayer	taxpayer	NOUN
ftr-365	935	35	.	.	PUNCT
ftr-365	936	1	223	223	NUM
ftr-365	937	1	in	in	ADP
ftr-365	937	2	the	the	DET
ftr-365	937	3	same	same	ADJ
ftr-365	937	4	year	year	NOUN
ftr-365	937	5	and	and	CCONJ
ftr-365	937	6	specifically	specifically	ADV
ftr-365	937	7	in	in	ADP
ftr-365	937	8	response	response	NOUN
ftr-365	937	9	to	to	ADP
ftr-365	937	10	the	the	DET
ftr-365	937	11	court	court	NOUN
ftr-365	937	12	’s	’s	PART
ftr-365	937	13	decision	decision	NOUN
ftr-365	937	14	,	,	PUNCT
ftr-365	937	15	the	the	DET
ftr-365	937	16	irs	irs	PROPN
ftr-365	937	17	issued	issue	VERB
ftr-365	937	18	temporary	temporary	ADJ
ftr-365	937	19	regulations	regulation	NOUN
ftr-365	937	20	governing	govern	VERB
ftr-365	937	21	hedging	hedging	NOUN
ftr-365	937	22	transactions	transaction	NOUN
ftr-365	937	23	,	,	PUNCT
ftr-365	937	24	followed	follow	VERB
ftr-365	937	25	by	by	ADP
ftr-365	937	26	final	final	ADJ
ftr-365	937	27	regulations	regulation	NOUN
ftr-365	937	28	in	in	ADP
ftr-365	937	29	1994	1994	NUM
ftr-365	937	30	.	.	PUNCT
ftr-365	938	1	pursuant	pursuant	ADJ
ftr-365	938	2	to	to	AUX
ftr-365	938	3	irc	irc	PROPN
ftr-365	938	4	section	section	NOUN
ftr-365	938	5	1221(b)(2	1221(b)(2	NUM
ftr-365	938	6	)	)	PUNCT
ftr-365	938	7	,	,	PUNCT
ftr-365	938	8	“	"	PUNCT
ftr-365	938	9	[	[	X
ftr-365	938	10	t]he	t]he	ADJ
ftr-365	938	11	term	term	NOUN
ftr-365	938	12	‘	'	PUNCT
ftr-365	938	13	hedging	hedging	NOUN
ftr-365	938	14	transaction	transaction	NOUN
ftr-365	938	15	’	'	PUNCT
ftr-365	938	16	means	mean	VERB
ftr-365	938	17	any	any	DET
ftr-365	938	18	transaction	transaction	NOUN
ftr-365	938	19	entered	enter	VERB
ftr-365	938	20	into	into	ADP
ftr-365	938	21	by	by	ADP
ftr-365	938	22	the	the	DET
ftr-365	938	23	taxpayer	taxpayer	NOUN
ftr-365	938	24	in	in	ADP
ftr-365	938	25	the	the	DET
ftr-365	938	26	normal	normal	ADJ
ftr-365	938	27	course	course	NOUN
ftr-365	938	28	of	of	ADP
ftr-365	938	29	the	the	DET
ftr-365	938	30	taxpayer	taxpayer	NOUN
ftr-365	938	31	’s	’s	PART
ftr-365	938	32	trade	trade	NOUN
ftr-365	938	33	or	or	CCONJ
ftr-365	938	34	business	business	NOUN
ftr-365	938	35	primarily	primarily	ADV
ftr-365	938	36	(	(	PUNCT
ftr-365	938	37	i	i	NOUN
ftr-365	938	38	)	)	PUNCT
ftr-365	938	39	to	to	PART
ftr-365	938	40	manage	manage	VERB
ftr-365	938	41	risk	risk	NOUN
ftr-365	938	42	of	of	ADP
ftr-365	938	43	price	price	NOUN
ftr-365	938	44	changes	change	NOUN
ftr-365	938	45	or	or	CCONJ
ftr-365	938	46	currency	currency	NOUN
ftr-365	938	47	fluctuations	fluctuation	NOUN
ftr-365	938	48	with	with	ADP
ftr-365	938	49	respect	respect	NOUN
ftr-365	938	50	to	to	ADP
ftr-365	938	51	ordinary	ordinary	ADJ
ftr-365	938	52	property	property	NOUN
ftr-365	938	53	which	which	PRON
ftr-365	938	54	is	be	AUX
ftr-365	938	55	held	hold	VERB
ftr-365	938	56	or	or	CCONJ
ftr-365	938	57	to	to	PART
ftr-365	938	58	be	be	AUX
ftr-365	938	59	held	hold	VERB
ftr-365	938	60	by	by	ADP
ftr-365	938	61	the	the	DET
ftr-365	938	62	taxpayer	taxpayer	NOUN
ftr-365	938	63	,	,	PUNCT
ftr-365	938	64	(	(	PUNCT
ftr-365	938	65	ii	ii	NOUN
ftr-365	938	66	)	)	PUNCT
ftr-365	938	67	to	to	PART
ftr-365	938	68	manage	manage	VERB
ftr-365	938	69	risk	risk	NOUN
ftr-365	938	70	of	of	ADP
ftr-365	938	71	interest	interest	NOUN
ftr-365	938	72	rate	rate	NOUN
ftr-365	938	73	or	or	CCONJ
ftr-365	938	74	price	price	NOUN
ftr-365	938	75	changes	change	NOUN
ftr-365	938	76	or	or	CCONJ
ftr-365	938	77	currency	currency	NOUN
ftr-365	938	78	fluctuations	fluctuation	NOUN
ftr-365	938	79	with	with	ADP
ftr-365	938	80	respect	respect	NOUN
ftr-365	938	81	to	to	ADP
ftr-365	938	82	borrowings	borrowing	NOUN
ftr-365	938	83	made	make	VERB
ftr-365	938	84	or	or	CCONJ
ftr-365	938	85	to	to	PART
ftr-365	938	86	be	be	AUX
ftr-365	938	87	made	make	VERB
ftr-365	938	88	,	,	PUNCT
ftr-365	938	89	or	or	CCONJ
ftr-365	938	90	ordinary	ordinary	ADJ
ftr-365	938	91	obligations	obligation	NOUN
ftr-365	938	92	incurred	incur	VERB
ftr-365	938	93	or	or	CCONJ
ftr-365	938	94	to	to	PART
ftr-365	938	95	be	be	AUX
ftr-365	938	96	incurred	incur	VERB
ftr-365	938	97	,	,	PUNCT
ftr-365	938	98	by	by	ADP
ftr-365	938	99	the	the	DET
ftr-365	938	100	taxpayer	taxpayer	NOUN
ftr-365	938	101	,	,	PUNCT
ftr-365	938	102	or	or	CCONJ
ftr-365	938	103	(	(	PUNCT
ftr-365	938	104	iii	iii	NOUN
ftr-365	938	105	)	)	PUNCT
ftr-365	938	106	to	to	PART
ftr-365	938	107	manage	manage	VERB
ftr-365	938	108	such	such	ADJ
ftr-365	938	109	other	other	ADJ
ftr-365	938	110	risks	risk	NOUN
ftr-365	938	111	as	as	SCONJ
ftr-365	938	112	the	the	DET
ftr-365	938	113	secretary	secretary	NOUN
ftr-365	938	114	may	may	AUX
ftr-365	938	115	prescribe	prescribe	VERB
ftr-365	938	116	in	in	ADP
ftr-365	938	117	regulations	regulation	NOUN
ftr-365	938	118	.	.	PUNCT
ftr-365	938	119	”	"	PUNCT
ftr-365	939	1	224	224	NUM
ftr-365	939	2	example	example	NOUN
ftr-365	939	3	of	of	ADP
ftr-365	939	4	hedging	hedging	NOUN
ftr-365	939	5	prices	price	NOUN
ftr-365	939	6	of	of	ADP
ftr-365	939	7	commodities	commodity	NOUN
ftr-365	939	8	:	:	PUNCT
ftr-365	939	9	corporation	corporation	NOUN
ftr-365	939	10	x	x	PUNCT
ftr-365	939	11	is	be	AUX
ftr-365	939	12	a	a	DET
ftr-365	939	13	corn	corn	NOUN
ftr-365	939	14	processor	processor	NOUN
ftr-365	939	15	that	that	PRON
ftr-365	939	16	uses	use	VERB
ftr-365	939	17	grain	grain	NOUN
ftr-365	939	18	corn	corn	NOUN
ftr-365	939	19	to	to	PART
ftr-365	939	20	manufacture	manufacture	VERB
ftr-365	939	21	products	product	NOUN
ftr-365	939	22	such	such	ADJ
ftr-365	939	23	as	as	ADP
ftr-365	939	24	corn	corn	NOUN
ftr-365	939	25	starch	starch	NOUN
ftr-365	939	26	.	.	PUNCT
ftr-365	940	1	on	on	ADP
ftr-365	940	2	july	july	PROPN
ftr-365	940	3	1	1	NUM
ftr-365	940	4	,	,	PUNCT
ftr-365	940	5	x	x	PRON
ftr-365	940	6	enters	enter	VERB
ftr-365	940	7	into	into	ADP
ftr-365	940	8	a	a	DET
ftr-365	940	9	contract	contract	NOUN
ftr-365	940	10	to	to	PART
ftr-365	940	11	deliver	deliver	VERB
ftr-365	940	12	to	to	ADP
ftr-365	940	13	a	a	DET
ftr-365	940	14	customer	customer	NOUN
ftr-365	940	15	a	a	DET
ftr-365	940	16	fixed	fix	VERB
ftr-365	940	17	quantity	quantity	NOUN
ftr-365	940	18	of	of	ADP
ftr-365	940	19	starch	starch	NOUN
ftr-365	940	20	at	at	ADP
ftr-365	940	21	a	a	DET
ftr-365	940	22	fixed	fix	VERB
ftr-365	940	23	price	price	NOUN
ftr-365	940	24	in	in	ADP
ftr-365	940	25	october	october	PROPN
ftr-365	940	26	.	.	PUNCT
ftr-365	941	1	because	because	SCONJ
ftr-365	941	2	of	of	ADP
ftr-365	941	3	limited	limited	ADJ
ftr-365	941	4	storage	storage	NOUN
ftr-365	941	5	space	space	NOUN
ftr-365	941	6	,	,	PUNCT
ftr-365	941	7	x	x	PRON
ftr-365	941	8	will	will	AUX
ftr-365	941	9	not	not	PART
ftr-365	941	10	purchase	purchase	VERB
ftr-365	941	11	the	the	DET
ftr-365	941	12	corn	corn	NOUN
ftr-365	941	13	needed	need	VERB
ftr-365	941	14	to	to	PART
ftr-365	941	15	fulfill	fulfill	VERB
ftr-365	941	16	the	the	DET
ftr-365	941	17	starch	starch	NOUN
ftr-365	941	18	contract	contract	NOUN
ftr-365	941	19	until	until	ADP
ftr-365	941	20	september	september	PROPN
ftr-365	941	21	.	.	PUNCT
ftr-365	942	1	if	if	SCONJ
ftr-365	942	2	the	the	DET
ftr-365	942	3	market	market	NOUN
ftr-365	942	4	price	price	NOUN
ftr-365	942	5	of	of	ADP
ftr-365	942	6	corn	corn	NOUN
ftr-365	942	7	increases	increase	NOUN
ftr-365	942	8	between	between	ADP
ftr-365	942	9	july	july	PROPN
ftr-365	942	10	and	and	CCONJ
ftr-365	942	11	september	september	PROPN
ftr-365	942	12	,	,	PUNCT
ftr-365	942	13	x	x	PRON
ftr-365	942	14	’s	’s	NOUN
ftr-365	942	15	profit	profit	NOUN
ftr-365	942	16	on	on	ADP
ftr-365	942	17	the	the	DET
ftr-365	942	18	starch	starch	NOUN
ftr-365	942	19	contract	contract	NOUN
ftr-365	942	20	would	would	AUX
ftr-365	942	21	be	be	AUX
ftr-365	942	22	reduced	reduce	VERB
ftr-365	942	23	or	or	CCONJ
ftr-365	942	24	eliminated	eliminate	VERB
ftr-365	942	25	.	.	PUNCT
ftr-365	943	1	225	225	NUM
ftr-365	943	2	to	to	PART
ftr-365	943	3	protect	protect	VERB
ftr-365	943	4	itself	itself	PRON
ftr-365	943	5	against	against	ADP
ftr-365	943	6	such	such	ADJ
ftr-365	943	7	risk	risk	NOUN
ftr-365	943	8	,	,	PUNCT
ftr-365	943	9	x	x	PRON
ftr-365	943	10	enters	enter	VERB
ftr-365	943	11	into	into	ADP
ftr-365	943	12	a	a	DET
ftr-365	943	13	long	long	ADJ
ftr-365	943	14	futures	future	NOUN
ftr-365	943	15	contract	contract	NOUN
ftr-365	943	16	on	on	ADP
ftr-365	943	17	corn	corn	NOUN
ftr-365	943	18	(	(	PUNCT
ftr-365	943	19	e.g.	e.g.	ADV
ftr-365	943	20	,	,	PUNCT
ftr-365	943	21	a	a	DET
ftr-365	943	22	contract	contract	NOUN
ftr-365	943	23	to	to	PART
ftr-365	943	24	buy	buy	VERB
ftr-365	943	25	corn	corn	NOUN
ftr-365	943	26	)	)	PUNCT
ftr-365	943	27	.	.	PUNCT
ftr-365	944	1	in	in	ADP
ftr-365	944	2	september	september	PROPN
ftr-365	944	3	,	,	PUNCT
ftr-365	944	4	x	x	PRON
ftr-365	944	5	will	will	AUX
ftr-365	944	6	buy	buy	VERB
ftr-365	944	7	and	and	CCONJ
ftr-365	944	8	take	take	VERB
ftr-365	944	9	physical	physical	ADJ
ftr-365	944	10	delivery	delivery	NOUN
ftr-365	944	11	of	of	ADP
ftr-365	944	12	the	the	DET
ftr-365	944	13	corn	corn	NOUN
ftr-365	944	14	needed	need	VERB
ftr-365	944	15	to	to	PART
ftr-365	944	16	fulfill	fulfill	VERB
ftr-365	944	17	the	the	DET
ftr-365	944	18	starch	starch	NOUN
ftr-365	944	19	contract	contract	NOUN
ftr-365	944	20	,	,	PUNCT
ftr-365	944	21	and	and	CCONJ
ftr-365	944	22	at	at	ADP
ftr-365	944	23	the	the	DET
ftr-365	944	24	same	same	ADJ
ftr-365	944	25	time	time	NOUN
ftr-365	944	26	settle	settle	VERB
ftr-365	944	27	the	the	DET
ftr-365	944	28	futures	future	NOUN
ftr-365	944	29	contract	contract	NOUN
ftr-365	944	30	by	by	ADP
ftr-365	944	31	either	either	CCONJ
ftr-365	944	32	making	make	VERB
ftr-365	944	33	or	or	CCONJ
ftr-365	944	34	the	the	DET
ftr-365	944	35	price	price	NOUN
ftr-365	944	36	of	of	ADP
ftr-365	944	37	corn	corn	NOUN
ftr-365	944	38	,	,	PUNCT
ftr-365	944	39	engaged	engage	VERB
ftr-365	944	40	in	in	ADP
ftr-365	944	41	the	the	DET
ftr-365	944	42	purchase	purchase	NOUN
ftr-365	944	43	and	and	CCONJ
ftr-365	944	44	sale	sale	NOUN
ftr-365	944	45	of	of	ADP
ftr-365	944	46	corn	corn	NOUN
ftr-365	944	47	futures	future	NOUN
ftr-365	944	48	.	.	PUNCT
ftr-365	945	1	the	the	DET
ftr-365	945	2	taxpayer	taxpayer	NOUN
ftr-365	945	3	argued	argue	VERB
ftr-365	945	4	that	that	SCONJ
ftr-365	945	5	the	the	DET
ftr-365	945	6	corn	corn	NOUN
ftr-365	945	7	futures	future	NOUN
ftr-365	945	8	contracts	contract	NOUN
ftr-365	945	9	were	be	AUX
ftr-365	945	10	capital	capital	NOUN
ftr-365	945	11	assets	asset	NOUN
ftr-365	945	12	and	and	CCONJ
ftr-365	945	13	that	that	DET
ftr-365	945	14	profit	profit	NOUN
ftr-365	945	15	and	and	CCONJ
ftr-365	945	16	losses	loss	NOUN
ftr-365	945	17	from	from	ADP
ftr-365	945	18	their	their	PRON
ftr-365	945	19	sales	sale	NOUN
ftr-365	945	20	were	be	AUX
ftr-365	945	21	entitled	entitle	VERB
ftr-365	945	22	to	to	ADP
ftr-365	945	23	preferential	preferential	ADJ
ftr-365	945	24	tax	tax	NOUN
ftr-365	945	25	treatment	treatment	NOUN
ftr-365	945	26	under	under	ADP
ftr-365	945	27	the	the	DET
ftr-365	945	28	capital	capital	NOUN
ftr-365	945	29	asset	asset	NOUN
ftr-365	945	30	provisions	provision	NOUN
ftr-365	945	31	.	.	PUNCT
ftr-365	946	1	the	the	DET
ftr-365	946	2	court	court	NOUN
ftr-365	946	3	found	find	VERB
ftr-365	946	4	that	that	SCONJ
ftr-365	946	5	the	the	DET
ftr-365	946	6	futures	future	NOUN
ftr-365	946	7	transactions	transaction	NOUN
ftr-365	946	8	constituted	constitute	VERB
ftr-365	946	9	“	"	PUNCT
ftr-365	946	10	an	an	DET
ftr-365	946	11	integral	integral	ADJ
ftr-365	946	12	part	part	NOUN
ftr-365	946	13	of	of	ADP
ftr-365	946	14	[	[	PUNCT
ftr-365	946	15	the	the	DET
ftr-365	946	16	taxpayer	taxpayer	NOUN
ftr-365	946	17	’s	’s	PART
ftr-365	946	18	]	]	PUNCT
ftr-365	946	19	manufacturing	manufacturing	NOUN
ftr-365	946	20	business	business	NOUN
ftr-365	946	21	”	"	PUNCT
ftr-365	946	22	and	and	CCONJ
ftr-365	946	23	the	the	DET
ftr-365	946	24	gains	gain	NOUN
ftr-365	946	25	and	and	CCONJ
ftr-365	946	26	losses	loss	NOUN
ftr-365	946	27	were	be	AUX
ftr-365	946	28	given	give	VERB
ftr-365	946	29	ordinary	ordinary	ADJ
ftr-365	946	30	tax	tax	NOUN
ftr-365	946	31	treatment	treatment	NOUN
ftr-365	946	32	.	.	PUNCT
ftr-365	947	1	see	see	VERB
ftr-365	947	2	,	,	PUNCT
ftr-365	947	3	in	in	ADP
ftr-365	947	4	general	general	ADJ
ftr-365	947	5	,	,	PUNCT
ftr-365	947	6	keinan	keinan	NOUN
ftr-365	947	7	(	(	PUNCT
ftr-365	947	8	2007	2007	NUM
ftr-365	947	9	)	)	PUNCT
ftr-365	947	10	,	,	PUNCT
ftr-365	947	11	supra	supra	PROPN
ftr-365	947	12	note	note	NOUN
ftr-365	947	13	32	32	NUM
ftr-365	947	14	,	,	PUNCT
ftr-365	947	15	at	at	ADP
ftr-365	947	16	131	131	NUM
ftr-365	947	17	-	-	SYM
ftr-365	947	18	5	5	NUM
ftr-365	947	19	.	.	NOUN
ftr-365	947	20	222	222	NUM
ftr-365	947	21	.	.	PUNCT
ftr-365	948	1	arkansas	arkansas	PROPN
ftr-365	948	2	best	good	ADJ
ftr-365	948	3	v.	v.	ADP
ftr-365	948	4	comm’r	comm’r	ADJ
ftr-365	948	5	,	,	PUNCT
ftr-365	948	6	485	485	NUM
ftr-365	948	7	u.s	u.s	PROPN
ftr-365	948	8	.	.	PROPN
ftr-365	948	9	212	212	NUM
ftr-365	948	10	(	(	PUNCT
ftr-365	948	11	1988	1988	NUM
ftr-365	948	12	)	)	PUNCT
ftr-365	948	13	.	.	PUNCT
ftr-365	949	1	223	223	NUM
ftr-365	949	2	.	.	PUNCT
ftr-365	950	1	federal	federal	PROPN
ftr-365	950	2	nat’l	nat’l	PROPN
ftr-365	950	3	mortgage	mortgage	NOUN
ftr-365	950	4	ass’n	ass’n	PROPN
ftr-365	950	5	v.	v.	CCONJ
ftr-365	950	6	comm’r	comm’r	NOUN
ftr-365	950	7	,	,	PUNCT
ftr-365	950	8	100	100	NUM
ftr-365	950	9	t.c	t.c	PROPN
ftr-365	950	10	.	.	PROPN
ftr-365	951	1	541	541	NUM
ftr-365	951	2	(	(	PUNCT
ftr-365	951	3	1993	1993	NUM
ftr-365	951	4	)	)	PUNCT
ftr-365	951	5	.	.	PUNCT
ftr-365	952	1	224	224	NUM
ftr-365	952	2	.	.	PUNCT
ftr-365	953	1	irc	irc	PROPN
ftr-365	953	2	§	§	PROPN
ftr-365	953	3	1221(b)(2	1221(b)(2	NUM
ftr-365	953	4	)	)	PUNCT
ftr-365	953	5	.	.	PUNCT
ftr-365	954	1	may	may	AUX
ftr-365	954	2	(	(	PUNCT
ftr-365	954	3	1995	1995	NUM
ftr-365	954	4	)	)	PUNCT
ftr-365	954	5	,	,	PUNCT
ftr-365	954	6	supra	supra	PROPN
ftr-365	954	7	note	note	PROPN
ftr-365	954	8	6	6	NUM
ftr-365	954	9	,	,	PUNCT
ftr-365	954	10	elaborates	elaborate	VERB
ftr-365	954	11	that	that	SCONJ
ftr-365	954	12	“	"	PUNCT
ftr-365	954	13	the	the	DET
ftr-365	954	14	definition	definition	NOUN
ftr-365	954	15	[	[	X
ftr-365	954	16	of	of	ADP
ftr-365	954	17	hedging	hedging	NOUN
ftr-365	954	18	transaction	transaction	NOUN
ftr-365	954	19	]	]	PUNCT
ftr-365	954	20	contains	contain	VERB
ftr-365	954	21	several	several	ADJ
ftr-365	954	22	key	key	ADJ
ftr-365	954	23	requirements	requirement	NOUN
ftr-365	954	24	.	.	PUNCT
ftr-365	955	1	first	first	ADV
ftr-365	955	2	,	,	PUNCT
ftr-365	955	3	the	the	DET
ftr-365	955	4	taxpayer	taxpayer	NOUN
ftr-365	955	5	must	must	AUX
ftr-365	955	6	identify	identify	VERB
ftr-365	955	7	the	the	DET
ftr-365	955	8	relevant	relevant	ADJ
ftr-365	955	9	contract	contract	NOUN
ftr-365	955	10	or	or	CCONJ
ftr-365	955	11	other	other	ADJ
ftr-365	955	12	position	position	NOUN
ftr-365	955	13	as	as	ADP
ftr-365	955	14	a	a	DET
ftr-365	955	15	hedge	hedge	NOUN
ftr-365	955	16	.	.	PUNCT
ftr-365	956	1	second	second	ADJ
ftr-365	956	2	,	,	PUNCT
ftr-365	956	3	the	the	DET
ftr-365	956	4	hedged	hedge	VERB
ftr-365	956	5	item	item	NOUN
ftr-365	956	6	must	must	AUX
ftr-365	956	7	be	be	AUX
ftr-365	956	8	an	an	DET
ftr-365	956	9	ordinary	ordinary	ADJ
ftr-365	956	10	,	,	PUNCT
ftr-365	956	11	rather	rather	ADV
ftr-365	956	12	than	than	ADP
ftr-365	956	13	a	a	DET
ftr-365	956	14	capital	capital	NOUN
ftr-365	956	15	,	,	PUNCT
ftr-365	956	16	asset	asset	NOUN
ftr-365	956	17	or	or	CCONJ
ftr-365	956	18	obligation	obligation	NOUN
ftr-365	956	19	.	.	PUNCT
ftr-365	957	1	third	third	ADJ
ftr-365	957	2	,	,	PUNCT
ftr-365	957	3	changes	change	NOUN
ftr-365	957	4	in	in	ADP
ftr-365	957	5	the	the	DET
ftr-365	957	6	value	value	NOUN
ftr-365	957	7	of	of	ADP
ftr-365	957	8	the	the	DET
ftr-365	957	9	hedge	hedge	NOUN
ftr-365	957	10	must	must	AUX
ftr-365	957	11	offset	offset	VERB
ftr-365	957	12	changes	change	NOUN
ftr-365	957	13	in	in	ADP
ftr-365	957	14	the	the	DET
ftr-365	957	15	value	value	NOUN
ftr-365	957	16	of	of	ADP
ftr-365	957	17	the	the	DET
ftr-365	957	18	hedged	hedge	VERB
ftr-365	957	19	item	item	NOUN
ftr-365	957	20	.	.	PUNCT
ftr-365	958	1	finally	finally	ADV
ftr-365	958	2	,	,	PUNCT
ftr-365	958	3	after	after	ADP
ftr-365	958	4	taking	take	VERB
ftr-365	958	5	into	into	ADP
ftr-365	958	6	account	account	NOUN
ftr-365	958	7	the	the	DET
ftr-365	958	8	taxpayer	taxpayer	NOUN
ftr-365	958	9	’s	’s	PART
ftr-365	958	10	other	other	ADJ
ftr-365	958	11	positions	position	NOUN
ftr-365	958	12	,	,	PUNCT
ftr-365	958	13	the	the	DET
ftr-365	958	14	hedge	hedge	NOUN
ftr-365	958	15	must	must	AUX
ftr-365	958	16	reduce	reduce	VERB
ftr-365	958	17	the	the	DET
ftr-365	958	18	taxpayer	taxpayer	NOUN
ftr-365	958	19	’s	’s	PART
ftr-365	958	20	overall	overall	ADJ
ftr-365	958	21	exposure	exposure	NOUN
ftr-365	958	22	to	to	ADP
ftr-365	958	23	the	the	DET
ftr-365	958	24	relevant	relevant	ADJ
ftr-365	958	25	risk	risk	NOUN
ftr-365	958	26	.	.	PUNCT
ftr-365	958	27	”	"	PUNCT
ftr-365	959	1	225	225	NUM
ftr-365	959	2	.	.	PUNCT
ftr-365	960	1	see	see	VERB
ftr-365	960	2	garlock	garlock	PROPN
ftr-365	960	3	(	(	PUNCT
ftr-365	960	4	2005	2005	NUM
ftr-365	960	5	)	)	PUNCT
ftr-365	960	6	,	,	PUNCT
ftr-365	960	7	supra	supra	PROPN
ftr-365	960	8	note	note	VERB
ftr-365	960	9	217	217	NUM
ftr-365	960	10	,	,	PUNCT
ftr-365	960	11	at	at	ADP
ftr-365	960	12	17.01[a	17.01[a	NOUN
ftr-365	960	13	]	]	PUNCT
ftr-365	960	14	.	.	PUNCT
ftr-365	961	1	2008	2008	NUM
ftr-365	961	2	]	]	PUNCT
ftr-365	962	1	the	the	DET
ftr-365	962	2	case	case	NOUN
ftr-365	962	3	for	for	ADP
ftr-365	962	4	residency	residency	NOUN
ftr-365	962	5	-	-	PUNCT
ftr-365	962	6	based	base	VERB
ftr-365	962	7	taxation	taxation	NOUN
ftr-365	962	8	43	43	NUM
ftr-365	962	9	receiving	receive	VERB
ftr-365	962	10	a	a	DET
ftr-365	962	11	termination	termination	NOUN
ftr-365	962	12	payment	payment	NOUN
ftr-365	962	13	of	of	ADP
ftr-365	962	14	cash	cash	NOUN
ftr-365	962	15	.	.	PUNCT
ftr-365	963	1	226	226	NUM
ftr-365	963	2	the	the	DET
ftr-365	963	3	amount	amount	NOUN
ftr-365	963	4	paid	pay	VERB
ftr-365	963	5	or	or	CCONJ
ftr-365	963	6	received	receive	VERB
ftr-365	963	7	to	to	PART
ftr-365	963	8	terminate	terminate	VERB
ftr-365	963	9	the	the	DET
ftr-365	963	10	futures	future	NOUN
ftr-365	963	11	contract	contract	NOUN
ftr-365	963	12	will	will	AUX
ftr-365	963	13	offset	offset	VERB
ftr-365	963	14	a	a	DET
ftr-365	963	15	decrease	decrease	NOUN
ftr-365	963	16	or	or	CCONJ
ftr-365	963	17	increase	increase	VERB
ftr-365	963	18	in	in	ADP
ftr-365	963	19	x	x	NOUN
ftr-365	963	20	’s	’s	PART
ftr-365	963	21	cost	cost	NOUN
ftr-365	963	22	of	of	ADP
ftr-365	963	23	corn	corn	NOUN
ftr-365	963	24	,	,	PUNCT
ftr-365	963	25	and	and	CCONJ
ftr-365	963	26	thus	thus	ADV
ftr-365	963	27	profit	profit	NOUN
ftr-365	963	28	on	on	ADP
ftr-365	963	29	the	the	DET
ftr-365	963	30	starch	starch	NOUN
ftr-365	963	31	contract	contract	NOUN
ftr-365	963	32	.	.	PUNCT
ftr-365	964	1	the	the	DET
ftr-365	964	2	result	result	NOUN
ftr-365	964	3	is	be	AUX
ftr-365	964	4	that	that	SCONJ
ftr-365	964	5	x	x	PRON
ftr-365	964	6	has	have	AUX
ftr-365	964	7	effectively	effectively	ADV
ftr-365	964	8	locked	lock	VERB
ftr-365	964	9	in	in	ADP
ftr-365	964	10	the	the	DET
ftr-365	964	11	future	future	ADJ
ftr-365	964	12	purchase	purchase	NOUN
ftr-365	964	13	price	price	NOUN
ftr-365	964	14	of	of	ADP
ftr-365	964	15	the	the	DET
ftr-365	964	16	corn	corn	NOUN
ftr-365	964	17	needed	need	VERB
ftr-365	964	18	to	to	PART
ftr-365	964	19	fulfill	fulfill	VERB
ftr-365	964	20	the	the	DET
ftr-365	964	21	customer	customer	NOUN
ftr-365	964	22	order	order	NOUN
ftr-365	964	23	,	,	PUNCT
ftr-365	964	24	and	and	CCONJ
ftr-365	964	25	x	x	PRON
ftr-365	964	26	’s	’s	NOUN
ftr-365	964	27	profit	profit	NOUN
ftr-365	964	28	will	will	AUX
ftr-365	964	29	not	not	PART
ftr-365	964	30	be	be	AUX
ftr-365	964	31	affected	affect	VERB
ftr-365	964	32	by	by	ADP
ftr-365	964	33	changes	change	NOUN
ftr-365	964	34	in	in	ADP
ftr-365	964	35	the	the	DET
ftr-365	964	36	price	price	NOUN
ftr-365	964	37	of	of	ADP
ftr-365	964	38	corn	corn	NOUN
ftr-365	964	39	.	.	PUNCT
ftr-365	965	1	227	227	NUM
ftr-365	965	2	in	in	ADP
ftr-365	965	3	general	general	ADJ
ftr-365	965	4	,	,	PUNCT
ftr-365	965	5	hedging	hedging	NOUN
ftr-365	965	6	transactions	transaction	NOUN
ftr-365	965	7	are	be	AUX
ftr-365	965	8	awarded	award	VERB
ftr-365	965	9	a	a	DET
ftr-365	965	10	favorable	favorable	ADJ
ftr-365	965	11	treatment	treatment	NOUN
ftr-365	965	12	in	in	ADP
ftr-365	965	13	the	the	DET
ftr-365	965	14	united	united	PROPN
ftr-365	965	15	states	states	PROPN
ftr-365	965	16	.	.	PUNCT
ftr-365	966	1	228	228	NUM
ftr-365	966	2	the	the	DET
ftr-365	966	3	rationale	rationale	NOUN
ftr-365	966	4	is	be	AUX
ftr-365	966	5	clear	clear	ADJ
ftr-365	966	6	–	–	PUNCT
ftr-365	966	7	hedging	hedge	VERB
ftr-365	966	8	transaction	transaction	NOUN
ftr-365	966	9	should	should	AUX
ftr-365	966	10	be	be	AUX
ftr-365	966	11	encouraged	encourage	VERB
ftr-365	966	12	,	,	PUNCT
ftr-365	966	13	since	since	SCONJ
ftr-365	966	14	risk	risk	NOUN
ftr-365	966	15	management	management	NOUN
ftr-365	966	16	is	be	AUX
ftr-365	966	17	a	a	DET
ftr-365	966	18	crucial	crucial	ADJ
ftr-365	966	19	element	element	NOUN
ftr-365	966	20	in	in	ADP
ftr-365	966	21	the	the	DET
ftr-365	966	22	economy	economy	NOUN
ftr-365	966	23	.	.	PUNCT
ftr-365	967	1	229	229	NUM
ftr-365	967	2	as	as	SCONJ
ftr-365	967	3	discussed	discuss	VERB
ftr-365	967	4	in	in	ADP
ftr-365	967	5	greater	great	ADJ
ftr-365	967	6	detail	detail	NOUN
ftr-365	967	7	below	below	ADV
ftr-365	967	8	,	,	PUNCT
ftr-365	967	9	taxation	taxation	NOUN
ftr-365	967	10	of	of	ADP
ftr-365	967	11	income	income	NOUN
ftr-365	967	12	from	from	ADP
ftr-365	967	13	cross	cross	ADJ
ftr-365	967	14	-	-	ADJ
ftr-365	967	15	border	border	ADJ
ftr-365	967	16	derivatives	derivative	NOUN
ftr-365	967	17	that	that	PRON
ftr-365	967	18	serve	serve	VERB
ftr-365	967	19	as	as	ADP
ftr-365	967	20	hedging	hedging	NOUN
ftr-365	967	21	transactions	transaction	NOUN
ftr-365	967	22	could	could	AUX
ftr-365	967	23	have	have	VERB
ftr-365	967	24	a	a	DET
ftr-365	967	25	significant	significant	ADJ
ftr-365	967	26	impact	impact	NOUN
ftr-365	967	27	on	on	ADP
ftr-365	967	28	the	the	DET
ftr-365	967	29	ability	ability	NOUN
ftr-365	967	30	of	of	ADP
ftr-365	967	31	domestic	domestic	ADJ
ftr-365	967	32	businesses	business	NOUN
ftr-365	967	33	to	to	PART
ftr-365	967	34	manage	manage	VERB
ftr-365	967	35	their	their	PRON
ftr-365	967	36	risk	risk	NOUN
ftr-365	967	37	of	of	ADP
ftr-365	967	38	doing	do	VERB
ftr-365	967	39	business	business	NOUN
ftr-365	967	40	.	.	PUNCT
ftr-365	968	1	230	230	NUM
ftr-365	968	2	thus	thus	ADV
ftr-365	968	3	,	,	PUNCT
ftr-365	968	4	as	as	SCONJ
ftr-365	968	5	this	this	DET
ftr-365	968	6	article	article	NOUN
ftr-365	968	7	suggests	suggest	VERB
ftr-365	968	8	,	,	PUNCT
ftr-365	968	9	country	country	NOUN
ftr-365	968	10	d	d	NOUN
ftr-365	968	11	should	should	AUX
ftr-365	968	12	encourage	encourage	VERB
ftr-365	968	13	foreign	foreign	ADJ
ftr-365	968	14	counterparties	counterpartie	NOUN
ftr-365	968	15	to	to	PART
ftr-365	968	16	enter	enter	VERB
ftr-365	968	17	into	into	ADP
ftr-365	968	18	hedging	hedging	NOUN
ftr-365	968	19	transactions	transaction	NOUN
ftr-365	968	20	with	with	ADP
ftr-365	968	21	domestic	domestic	ADJ
ftr-365	968	22	businesses	business	NOUN
ftr-365	968	23	by	by	ADP
ftr-365	968	24	allowing	allow	VERB
ftr-365	968	25	the	the	DET
ftr-365	968	26	residency	residency	NOUN
ftr-365	968	27	country	country	NOUN
ftr-365	968	28	to	to	PART
ftr-365	968	29	tax	tax	VERB
ftr-365	968	30	income	income	NOUN
ftr-365	968	31	from	from	ADP
ftr-365	968	32	such	such	ADJ
ftr-365	968	33	transactions	transaction	NOUN
ftr-365	968	34	.	.	PUNCT
ftr-365	969	1	3	3	X
ftr-365	969	2	.	.	X
ftr-365	969	3	cross	cross	ADJ
ftr-365	969	4	-	-	ADJ
ftr-365	969	5	border	border	ADJ
ftr-365	969	6	aspects	aspect	NOUN
ftr-365	969	7	of	of	ADP
ftr-365	969	8	derivatives	derivative	NOUN
ftr-365	969	9	as	as	SCONJ
ftr-365	969	10	opposed	oppose	VERB
ftr-365	969	11	to	to	ADP
ftr-365	969	12	portfolio	portfolio	NOUN
ftr-365	969	13	investment	investment	NOUN
ftr-365	970	1	,	,	PUNCT
ftr-365	970	2	there	there	PRON
ftr-365	970	3	is	be	VERB
ftr-365	970	4	more	more	ADJ
ftr-365	970	5	“	"	PUNCT
ftr-365	970	6	international	international	ADJ
ftr-365	970	7	consensus	consensus	NOUN
ftr-365	970	8	”	"	PUNCT
ftr-365	970	9	concerning	concern	VERB
ftr-365	970	10	taxation	taxation	NOUN
ftr-365	970	11	of	of	ADP
ftr-365	970	12	cross	cross	ADJ
ftr-365	970	13	-	-	ADJ
ftr-365	970	14	border	border	ADJ
ftr-365	970	15	derivatives	derivative	NOUN
ftr-365	970	16	.	.	PUNCT
ftr-365	971	1	231	231	NUM
ftr-365	971	2	the	the	DET
ftr-365	971	3	forty	forty	NUM
ftr-365	971	4	-	-	PUNCT
ftr-365	971	5	ninth	ninth	ADJ
ftr-365	971	6	congress	congress	NOUN
ftr-365	971	7	of	of	ADP
ftr-365	971	8	the	the	DET
ftr-365	971	9	international	international	ADJ
ftr-365	971	10	fiscal	fiscal	ADJ
ftr-365	971	11	association	association	NOUN
ftr-365	971	12	(	(	PUNCT
ftr-365	971	13	“	"	PUNCT
ftr-365	971	14	ifa	ifa	PROPN
ftr-365	971	15	”	"	PUNCT
ftr-365	971	16	)	)	PUNCT
ftr-365	971	17	focused	focus	VERB
ftr-365	971	18	on	on	ADP
ftr-365	971	19	tax	tax	NOUN
ftr-365	971	20	aspects	aspect	NOUN
ftr-365	971	21	of	of	ADP
ftr-365	971	22	derivatives	derivative	NOUN
ftr-365	971	23	and	and	CCONJ
ftr-365	971	24	issued	issue	VERB
ftr-365	971	25	its	its	PRON
ftr-365	971	26	recommendations	recommendation	NOUN
ftr-365	971	27	with	with	ADP
ftr-365	971	28	respect	respect	NOUN
ftr-365	971	29	to	to	ADP
ftr-365	971	30	cross	cross	ADJ
ftr-365	971	31	-	-	ADJ
ftr-365	971	32	border	border	ADJ
ftr-365	971	33	aspects	aspect	NOUN
ftr-365	971	34	of	of	ADP
ftr-365	971	35	derivatives	derivative	NOUN
ftr-365	971	36	.	.	PUNCT
ftr-365	972	1	232	232	NUM
ftr-365	973	1	the	the	DET
ftr-365	973	2	ifa	ifa	PROPN
ftr-365	973	3	report	report	NOUN
ftr-365	973	4	(	(	PUNCT
ftr-365	973	5	1995	1995	NUM
ftr-365	973	6	)	)	PUNCT
ftr-365	973	7	that	that	PRON
ftr-365	973	8	resulted	result	VERB
ftr-365	973	9	from	from	ADP
ftr-365	973	10	the	the	DET
ftr-365	973	11	226	226	NUM
ftr-365	973	12	.	.	PUNCT
ftr-365	974	1	i	i	PRON
ftr-365	974	2	d.	d.	PROPN
ftr-365	974	3	227	227	NUM
ftr-365	974	4	.	.	PUNCT
ftr-365	975	1	i	i	PRON
ftr-365	975	2	d.	d.	PROPN
ftr-365	975	3	228	228	NUM
ftr-365	975	4	.	.	PUNCT
ftr-365	976	1	see	see	VERB
ftr-365	976	2	generally	generally	ADV
ftr-365	976	3	treas	treas	PROPN
ftr-365	976	4	.	.	PUNCT
ftr-365	977	1	regs	regs	PROPN
ftr-365	977	2	.	.	PUNCT
ftr-365	978	1	§	§	PROPN
ftr-365	978	2	1.1221	1.1221	NUM
ftr-365	978	3	-	-	SYM
ftr-365	978	4	2	2	NUM
ftr-365	978	5	(	(	PUNCT
ftr-365	978	6	matching	match	VERB
ftr-365	978	7	ordinary	ordinary	ADJ
ftr-365	978	8	gains	gain	NOUN
ftr-365	978	9	with	with	ADP
ftr-365	978	10	ordinary	ordinary	ADJ
ftr-365	978	11	losses	loss	NOUN
ftr-365	978	12	on	on	ADP
ftr-365	978	13	the	the	DET
ftr-365	978	14	hedging	hedging	NOUN
ftr-365	978	15	transaction	transaction	NOUN
ftr-365	978	16	and	and	CCONJ
ftr-365	978	17	the	the	DET
ftr-365	978	18	hedged	hedge	VERB
ftr-365	978	19	item	item	NOUN
ftr-365	978	20	)	)	PUNCT
ftr-365	978	21	and	and	CCONJ
ftr-365	978	22	treas	treas	PROPN
ftr-365	978	23	.	.	PUNCT
ftr-365	979	1	regs	regs	PROPN
ftr-365	979	2	.	.	PUNCT
ftr-365	980	1	§	§	PROPN
ftr-365	980	2	1.446	1.446	NUM
ftr-365	980	3	-	-	SYM
ftr-365	980	4	4	4	NUM
ftr-365	980	5	(	(	PUNCT
ftr-365	980	6	matching	match	VERB
ftr-365	980	7	hedging	hedging	NOUN
ftr-365	980	8	gains	gain	NOUN
ftr-365	980	9	and	and	CCONJ
ftr-365	980	10	losses	loss	NOUN
ftr-365	980	11	to	to	ADP
ftr-365	980	12	gains	gain	NOUN
ftr-365	980	13	and	and	CCONJ
ftr-365	980	14	losses	loss	NOUN
ftr-365	980	15	on	on	ADP
ftr-365	980	16	hedged	hedge	VERB
ftr-365	980	17	items	item	NOUN
ftr-365	980	18	)	)	PUNCT
ftr-365	980	19	.	.	PUNCT
ftr-365	981	1	229	229	NUM
ftr-365	981	2	.	.	PUNCT
ftr-365	982	1	see	see	VERB
ftr-365	982	2	conference	conference	NOUN
ftr-365	982	3	report	report	NOUN
ftr-365	982	4	for	for	ADP
ftr-365	982	5	the	the	DET
ftr-365	982	6	omnibus	omnibus	ADJ
ftr-365	982	7	budget	budget	NOUN
ftr-365	982	8	reconciliation	reconciliation	NOUN
ftr-365	982	9	act	act	NOUN
ftr-365	982	10	of	of	ADP
ftr-365	982	11	1993	1993	NUM
ftr-365	982	12	,	,	PUNCT
ftr-365	982	13	h.r	h.r	PROPN
ftr-365	982	14	.	.	PROPN
ftr-365	982	15	rep	rep	PROPN
ftr-365	982	16	.	.	PROPN
ftr-365	983	1	no	no	PROPN
ftr-365	983	2	.	.	NOUN
ftr-365	983	3	213	213	NUM
ftr-365	983	4	,	,	PUNCT
ftr-365	983	5	103d	103d	NUM
ftr-365	983	6	cong	cong	NOUN
ftr-365	983	7	.	.	PUNCT
ftr-365	983	8	,	,	PUNCT
ftr-365	983	9	1st	1st	ADJ
ftr-365	983	10	sess	sess	NOUN
ftr-365	983	11	.	.	PUNCT
ftr-365	984	1	616	616	NUM
ftr-365	984	2	(	(	PUNCT
ftr-365	984	3	1993	1993	NUM
ftr-365	984	4	)	)	PUNCT
ftr-365	984	5	(	(	PUNCT
ftr-365	984	6	emphasized	emphasize	VERB
ftr-365	984	7	the	the	DET
ftr-365	984	8	importance	importance	NOUN
ftr-365	984	9	of	of	ADP
ftr-365	984	10	hedging	hedging	NOUN
ftr-365	984	11	transactions	transaction	NOUN
ftr-365	984	12	to	to	ADP
ftr-365	984	13	the	the	DET
ftr-365	984	14	united	united	PROPN
ftr-365	984	15	states	states	PROPN
ftr-365	984	16	economy	economy	NOUN
ftr-365	984	17	)	)	PUNCT
ftr-365	984	18	.	.	PUNCT
ftr-365	985	1	see	see	VERB
ftr-365	985	2	also	also	ADV
ftr-365	985	3	thuronyi	thuronyi	PROPN
ftr-365	985	4	,	,	PUNCT
ftr-365	985	5	supra	supra	PROPN
ftr-365	985	6	note	note	PROPN
ftr-365	985	7	10	10	NUM
ftr-365	985	8	,	,	PUNCT
ftr-365	985	9	at	at	ADP
ftr-365	985	10	264	264	NUM
ftr-365	985	11	.	.	PUNCT
ftr-365	986	1	230	230	NUM
ftr-365	986	2	.	.	PUNCT
ftr-365	986	3	see	see	VERB
ftr-365	986	4	e.g.	e.g.	ADV
ftr-365	986	5	,	,	PUNCT
ftr-365	986	6	david	david	PROPN
ftr-365	986	7	garlock	garlock	PROPN
ftr-365	986	8	,	,	PUNCT
ftr-365	986	9	yoram	yoram	PROPN
ftr-365	986	10	keinan	keinan	PROPN
ftr-365	986	11	,	,	PUNCT
ftr-365	986	12	howard	howard	PROPN
ftr-365	986	13	leventhal	leventhal	PROPN
ftr-365	986	14	,	,	PUNCT
ftr-365	986	15	and	and	CCONJ
ftr-365	986	16	alan	alan	PROPN
ftr-365	986	17	munro	munro	PROPN
ftr-365	986	18	,	,	PUNCT
ftr-365	986	19	proposals	proposal	NOUN
ftr-365	986	20	regarding	regard	VERB
ftr-365	986	21	the	the	DET
ftr-365	986	22	taxation	taxation	NOUN
ftr-365	986	23	of	of	ADP
ftr-365	986	24	credit	credit	NOUN
ftr-365	986	25	default	default	NOUN
ftr-365	986	26	swaps	swap	NOUN
ftr-365	986	27	,	,	PUNCT
ftr-365	986	28	18	18	NUM
ftr-365	986	29	j.	j.	PROPN
ftr-365	986	30	tax’n	tax’n	PROPN
ftr-365	986	31	f.	f.	PROPN
ftr-365	986	32	inst	inst	PROPN
ftr-365	986	33	.	.	PROPN
ftr-365	986	34	5	5	NUM
ftr-365	986	35	(	(	PUNCT
ftr-365	986	36	2005	2005	NUM
ftr-365	986	37	)	)	PUNCT
ftr-365	986	38	(	(	PUNCT
ftr-365	986	39	advocating	advocate	VERB
ftr-365	986	40	residency	residency	NOUN
ftr-365	986	41	-	-	PUNCT
ftr-365	986	42	based	base	VERB
ftr-365	986	43	taxation	taxation	NOUN
ftr-365	986	44	for	for	ADP
ftr-365	986	45	credit	credit	NOUN
ftr-365	986	46	default	default	NOUN
ftr-365	986	47	swaps	swap	NOUN
ftr-365	986	48	)	)	PUNCT
ftr-365	986	49	.	.	PUNCT
ftr-365	987	1	231	231	NUM
ftr-365	987	2	.	.	PUNCT
ftr-365	988	1	see	see	VERB
ftr-365	988	2	rosenbloom	rosenbloom	NOUN
ftr-365	988	3	,	,	PUNCT
ftr-365	988	4	supra	supra	PROPN
ftr-365	988	5	note	note	NOUN
ftr-365	988	6	32	32	NUM
ftr-365	988	7	,	,	PUNCT
ftr-365	988	8	at	at	ADP
ftr-365	988	9	602	602	NUM
ftr-365	988	10	-	-	SYM
ftr-365	988	11	3	3	NUM
ftr-365	988	12	,	,	PUNCT
ftr-365	988	13	citing	cite	VERB
ftr-365	988	14	the	the	DET
ftr-365	988	15	ifa	ifa	PROPN
ftr-365	988	16	report	report	NOUN
ftr-365	988	17	(	(	PUNCT
ftr-365	988	18	1995	1995	NUM
ftr-365	988	19	)	)	PUNCT
ftr-365	988	20	,	,	PUNCT
ftr-365	988	21	supra	supra	PROPN
ftr-365	988	22	note	note	PROPN
ftr-365	988	23	35	35	NUM
ftr-365	988	24	,	,	PUNCT
ftr-365	988	25	at	at	ADP
ftr-365	988	26	684	684	NUM
ftr-365	988	27	-	-	SYM
ftr-365	988	28	6	6	NUM
ftr-365	988	29	.	.	PUNCT
ftr-365	989	1	see	see	VERB
ftr-365	989	2	also	also	ADV
ftr-365	989	3	thuronyi	thuronyi	PROPN
ftr-365	989	4	,	,	PUNCT
ftr-365	989	5	supra	supra	PROPN
ftr-365	989	6	note	note	PROPN
ftr-365	989	7	10	10	NUM
ftr-365	989	8	,	,	PUNCT
ftr-365	989	9	at	at	ADP
ftr-365	989	10	270	270	NUM
ftr-365	989	11	(	(	PUNCT
ftr-365	989	12	agreeing	agree	VERB
ftr-365	989	13	that	that	SCONJ
ftr-365	989	14	such	such	DET
ftr-365	989	15	a	a	DET
ftr-365	989	16	consensus	consensus	NOUN
ftr-365	989	17	exists	exist	VERB
ftr-365	989	18	but	but	CCONJ
ftr-365	989	19	providing	provide	VERB
ftr-365	989	20	two	two	NUM
ftr-365	989	21	examples	example	NOUN
ftr-365	989	22	of	of	ADP
ftr-365	989	23	countries	country	NOUN
ftr-365	989	24	(	(	PUNCT
ftr-365	989	25	mexico	mexico	PROPN
ftr-365	989	26	and	and	CCONJ
ftr-365	989	27	greece	greece	PROPN
ftr-365	989	28	)	)	PUNCT
ftr-365	989	29	that	that	PRON
ftr-365	989	30	withhold	withhold	VERB
ftr-365	989	31	on	on	ADP
ftr-365	989	32	income	income	NOUN
ftr-365	989	33	from	from	ADP
ftr-365	989	34	derivatives	derivative	NOUN
ftr-365	989	35	under	under	ADP
ftr-365	989	36	their	their	PRON
ftr-365	989	37	domestic	domestic	ADJ
ftr-365	989	38	laws	law	NOUN
ftr-365	989	39	)	)	PUNCT
ftr-365	989	40	.	.	PUNCT
ftr-365	990	1	232	232	X
ftr-365	990	2	.	.	PUNCT
ftr-365	991	1	see	see	VERB
ftr-365	991	2	generally	generally	ADV
ftr-365	991	3	ifa	ifa	PROPN
ftr-365	991	4	report	report	PROPN
ftr-365	991	5	(	(	PUNCT
ftr-365	991	6	1995	1995	NUM
ftr-365	991	7	)	)	PUNCT
ftr-365	991	8	,	,	PUNCT
ftr-365	991	9	surpa	surpa	ADV
ftr-365	991	10	note	note	VERB
ftr-365	991	11	35	35	NUM
ftr-365	991	12	.	.	PUNCT
ftr-365	992	1	see	see	AUX
ftr-365	992	2	also	also	ADV
ftr-365	992	3	rosenbloom	rosenbloom	VERB
ftr-365	992	4	,	,	PUNCT
ftr-365	992	5	supra	supra	PROPN
ftr-365	992	6	note	note	VERB
ftr-365	992	7	32	32	NUM
ftr-365	992	8	at	at	ADP
ftr-365	992	9	602	602	NUM
ftr-365	992	10	-	-	SYM
ftr-365	992	11	3	3	NUM
ftr-365	992	12	(	(	PUNCT
ftr-365	992	13	“	"	PUNCT
ftr-365	992	14	the	the	DET
ftr-365	992	15	only	only	ADJ
ftr-365	992	16	‘	'	PUNCT
ftr-365	992	17	pure	pure	ADJ
ftr-365	992	18	’	'	PUNCT
ftr-365	992	19	international	international	ADJ
ftr-365	992	20	issue	issue	NOUN
ftr-365	992	21	raised	raise	VERB
ftr-365	992	22	by	by	ADP
ftr-365	992	23	such	such	ADJ
ftr-365	992	24	instruments	instrument	NOUN
ftr-365	992	25	pertains	pertain	VERB
ftr-365	992	26	to	to	ADP
ftr-365	992	27	taxation	taxation	NOUN
ftr-365	992	28	in	in	ADP
ftr-365	992	29	the	the	DET
ftr-365	992	30	country	country	NOUN
ftr-365	992	31	of	of	ADP
ftr-365	992	32	source	source	NOUN
ftr-365	992	33	on	on	ADP
ftr-365	992	34	a	a	DET
ftr-365	992	35	gross	gross	ADJ
ftr-365	992	36	basis	basis	NOUN
ftr-365	992	37	.	.	PUNCT
ftr-365	993	1	it	it	PRON
ftr-365	993	2	is	be	AUX
ftr-365	993	3	here	here	ADV
ftr-365	993	4	that	that	PRON
ftr-365	993	5	close	close	ADJ
ftr-365	993	6	analysis	analysis	NOUN
ftr-365	993	7	of	of	ADP
ftr-365	993	8	the	the	DET
ftr-365	993	9	special	special	ADJ
ftr-365	993	10	features	feature	NOUN
ftr-365	993	11	of	of	ADP
ftr-365	993	12	derivatives	derivative	NOUN
ftr-365	993	13	is	be	AUX
ftr-365	993	14	required	require	VERB
ftr-365	993	15	,	,	PUNCT
ftr-365	993	16	and	and	CCONJ
ftr-365	993	17	here	here	ADV
ftr-365	993	18	,	,	PUNCT
ftr-365	993	19	if	if	SCONJ
ftr-365	993	20	anywhere	anywhere	ADV
ftr-365	993	21	,	,	PUNCT
ftr-365	993	22	that	that	SCONJ
ftr-365	993	23	derivatives	derivative	NOUN
ftr-365	993	24	place	place	VERB
ftr-365	993	25	pressure	pressure	NOUN
ftr-365	993	26	on	on	ADP
ftr-365	993	27	the	the	DET
ftr-365	993	28	international	international	ADJ
ftr-365	993	29	rules	rule	NOUN
ftr-365	993	30	.	.	PUNCT
ftr-365	994	1	the	the	DET
ftr-365	994	2	question	question	NOUN
ftr-365	994	3	posed	pose	VERB
ftr-365	994	4	is	be	AUX
ftr-365	994	5	whether	whether	SCONJ
ftr-365	994	6	the	the	DET
ftr-365	994	7	country	country	NOUN
ftr-365	994	8	from	from	ADP
ftr-365	994	9	44	44	NUM
ftr-365	994	10	florida	florida	PROPN
ftr-365	994	11	tax	tax	NOUN
ftr-365	994	12	review	review	NOUN
ftr-365	994	13	[	[	X
ftr-365	994	14	vol	vol	NOUN
ftr-365	994	15	.	.	PUNCT
ftr-365	995	1	9:1	9:1	NUM
ftr-365	995	2	conference	conference	NOUN
ftr-365	995	3	set	set	VERB
ftr-365	995	4	forth	forth	ADV
ftr-365	995	5	that	that	SCONJ
ftr-365	995	6	the	the	DET
ftr-365	995	7	international	international	ADJ
ftr-365	995	8	consensus	consensus	NOUN
ftr-365	995	9	for	for	ADP
ftr-365	995	10	taxation	taxation	NOUN
ftr-365	995	11	of	of	ADP
ftr-365	995	12	cross	cross	ADJ
ftr-365	995	13	-	-	ADJ
ftr-365	995	14	border	border	ADJ
ftr-365	995	15	derivatives	derivative	NOUN
ftr-365	995	16	is	be	AUX
ftr-365	995	17	that	that	SCONJ
ftr-365	995	18	the	the	DET
ftr-365	995	19	source	source	NOUN
ftr-365	995	20	country	country	NOUN
ftr-365	995	21	generally	generally	ADV
ftr-365	995	22	does	do	AUX
ftr-365	995	23	not	not	PART
ftr-365	995	24	impose	impose	VERB
ftr-365	995	25	tax	tax	NOUN
ftr-365	995	26	earned	earn	VERB
ftr-365	995	27	by	by	ADP
ftr-365	995	28	non	non	ADJ
ftr-365	995	29	-	-	NOUN
ftr-365	995	30	resident	resident	ADJ
ftr-365	995	31	on	on	ADP
ftr-365	995	32	income	income	NOUN
ftr-365	995	33	from	from	ADP
ftr-365	995	34	derivatives	derivative	NOUN
ftr-365	995	35	.	.	PUNCT
ftr-365	996	1	233	233	NUM
ftr-365	996	2	absent	absent	ADJ
ftr-365	996	3	tax	tax	NOUN
ftr-365	996	4	considerations	consideration	NOUN
ftr-365	996	5	,	,	PUNCT
ftr-365	996	6	local	local	ADJ
ftr-365	996	7	businesses	business	NOUN
ftr-365	996	8	typically	typically	ADV
ftr-365	996	9	would	would	AUX
ftr-365	996	10	be	be	AUX
ftr-365	996	11	indifferent	indifferent	ADJ
ftr-365	996	12	between	between	ADP
ftr-365	996	13	entering	enter	VERB
ftr-365	996	14	into	into	ADP
ftr-365	996	15	a	a	DET
ftr-365	996	16	derivative	derivative	NOUN
ftr-365	996	17	with	with	ADP
ftr-365	996	18	a	a	DET
ftr-365	996	19	domestic	domestic	ADJ
ftr-365	996	20	or	or	CCONJ
ftr-365	996	21	foreign	foreign	ADJ
ftr-365	996	22	counterparty	counterparty	NOUN
ftr-365	996	23	–	–	PUNCT
ftr-365	996	24	price	price	NOUN
ftr-365	996	25	is	be	AUX
ftr-365	996	26	the	the	DET
ftr-365	996	27	dominant	dominant	ADJ
ftr-365	996	28	consideration	consideration	NOUN
ftr-365	996	29	.	.	PUNCT
ftr-365	997	1	234	234	NUM
ftr-365	997	2	however	however	ADV
ftr-365	997	3	,	,	PUNCT
ftr-365	997	4	if	if	SCONJ
ftr-365	997	5	a	a	DET
ftr-365	997	6	payment	payment	NOUN
ftr-365	997	7	to	to	ADP
ftr-365	997	8	or	or	CCONJ
ftr-365	997	9	from	from	ADP
ftr-365	997	10	a	a	DET
ftr-365	997	11	foreign	foreign	ADJ
ftr-365	997	12	counterparty	counterparty	NOUN
ftr-365	997	13	would	would	AUX
ftr-365	997	14	be	be	AUX
ftr-365	997	15	subject	subject	ADJ
ftr-365	997	16	to	to	ADP
ftr-365	997	17	withholding	withhold	VERB
ftr-365	997	18	tax	tax	NOUN
ftr-365	997	19	in	in	ADP
ftr-365	997	20	country	country	NOUN
ftr-365	997	21	d	d	NOUN
ftr-365	997	22	,	,	PUNCT
ftr-365	997	23	that	that	DET
ftr-365	997	24	consideration	consideration	NOUN
ftr-365	997	25	undoubtedly	undoubtedly	ADV
ftr-365	997	26	would	would	AUX
ftr-365	997	27	outweigh	outweigh	VERB
ftr-365	997	28	any	any	DET
ftr-365	997	29	price	price	NOUN
ftr-365	997	30	differential	differential	NOUN
ftr-365	997	31	,	,	PUNCT
ftr-365	997	32	so	so	CCONJ
ftr-365	997	33	the	the	DET
ftr-365	997	34	effect	effect	NOUN
ftr-365	997	35	of	of	ADP
ftr-365	997	36	a	a	DET
ftr-365	997	37	withholding	withholding	NOUN
ftr-365	997	38	tax	tax	NOUN
ftr-365	997	39	would	would	AUX
ftr-365	997	40	simply	simply	ADV
ftr-365	997	41	be	be	AUX
ftr-365	997	42	to	to	PART
ftr-365	997	43	drive	drive	VERB
ftr-365	997	44	away	away	ADV
ftr-365	997	45	foreign	foreign	ADJ
ftr-365	997	46	counterparties	counterpartie	NOUN
ftr-365	997	47	from	from	ADP
ftr-365	997	48	the	the	DET
ftr-365	997	49	domestic	domestic	ADJ
ftr-365	997	50	market	market	NOUN
ftr-365	997	51	–	–	PUNCT
ftr-365	997	52	an	an	DET
ftr-365	997	53	unwarranted	unwarranted	ADJ
ftr-365	997	54	result	result	NOUN
ftr-365	997	55	,	,	PUNCT
ftr-365	997	56	in	in	ADP
ftr-365	997	57	my	my	PRON
ftr-365	997	58	view	view	NOUN
ftr-365	997	59	.	.	PUNCT
ftr-365	998	1	235	235	NUM
ftr-365	998	2	in	in	ADP
ftr-365	998	3	the	the	DET
ftr-365	998	4	case	case	NOUN
ftr-365	998	5	of	of	ADP
ftr-365	998	6	developing	develop	VERB
ftr-365	998	7	countries	country	NOUN
ftr-365	998	8	,	,	PUNCT
ftr-365	998	9	the	the	DET
ftr-365	998	10	vast	vast	ADJ
ftr-365	998	11	majority	majority	NOUN
ftr-365	998	12	of	of	ADP
ftr-365	998	13	derivative	derivative	ADJ
ftr-365	998	14	transactions	transaction	NOUN
ftr-365	998	15	will	will	AUX
ftr-365	998	16	be	be	AUX
ftr-365	998	17	between	between	ADP
ftr-365	998	18	local	local	ADJ
ftr-365	998	19	businesses	business	NOUN
ftr-365	998	20	and	and	CCONJ
ftr-365	998	21	foreign	foreign	ADJ
ftr-365	998	22	counterparties	counterpartie	NOUN
ftr-365	998	23	because	because	SCONJ
ftr-365	998	24	the	the	DET
ftr-365	998	25	local	local	ADJ
ftr-365	998	26	derivative	derivative	ADJ
ftr-365	998	27	markets	market	NOUN
ftr-365	998	28	are	be	AUX
ftr-365	998	29	probably	probably	ADV
ftr-365	998	30	undeveloped	undeveloped	ADJ
ftr-365	998	31	.	.	PUNCT
ftr-365	999	1	236	236	NUM
ftr-365	999	2	thus	thus	ADV
ftr-365	999	3	,	,	PUNCT
ftr-365	999	4	participation	participation	NOUN
ftr-365	999	5	of	of	ADP
ftr-365	999	6	foreign	foreign	ADJ
ftr-365	999	7	parties	party	NOUN
ftr-365	999	8	in	in	ADP
ftr-365	999	9	the	the	DET
ftr-365	999	10	domestic	domestic	ADJ
ftr-365	999	11	market	market	NOUN
ftr-365	999	12	is	be	AUX
ftr-365	999	13	essential	essential	ADJ
ftr-365	999	14	not	not	PART
ftr-365	999	15	only	only	ADV
ftr-365	999	16	because	because	SCONJ
ftr-365	999	17	it	it	PRON
ftr-365	999	18	increases	increase	VERB
ftr-365	999	19	the	the	DET
ftr-365	999	20	liquidity	liquidity	NOUN
ftr-365	999	21	in	in	ADP
ftr-365	999	22	the	the	DET
ftr-365	999	23	market	market	NOUN
ftr-365	999	24	,	,	PUNCT
ftr-365	999	25	but	but	CCONJ
ftr-365	999	26	also	also	ADV
ftr-365	999	27	because	because	SCONJ
ftr-365	999	28	it	it	PRON
ftr-365	999	29	provides	provide	VERB
ftr-365	999	30	access	access	NOUN
ftr-365	999	31	to	to	ADP
ftr-365	999	32	derivatives	derivative	NOUN
ftr-365	999	33	to	to	ADP
ftr-365	999	34	more	more	ADJ
ftr-365	999	35	domestic	domestic	ADJ
ftr-365	999	36	businesses	business	NOUN
ftr-365	999	37	by	by	ADP
ftr-365	999	38	virtue	virtue	NOUN
ftr-365	999	39	of	of	ADP
ftr-365	999	40	providing	provide	VERB
ftr-365	999	41	more	more	ADJ
ftr-365	999	42	choices	choice	NOUN
ftr-365	999	43	and	and	CCONJ
ftr-365	999	44	better	well	ADJ
ftr-365	999	45	prices	price	NOUN
ftr-365	999	46	.	.	PUNCT
ftr-365	1000	1	237	237	NUM
ftr-365	1000	2	another	another	DET
ftr-365	1000	3	consideration	consideration	NOUN
ftr-365	1000	4	relevant	relevant	ADJ
ftr-365	1000	5	to	to	ADP
ftr-365	1000	6	foreign	foreign	ADJ
ftr-365	1000	7	counterparties	counterpartie	NOUN
ftr-365	1000	8	is	be	AUX
ftr-365	1000	9	whether	whether	SCONJ
ftr-365	1000	10	entering	enter	VERB
ftr-365	1000	11	into	into	ADP
ftr-365	1000	12	a	a	DET
ftr-365	1000	13	derivative	derivative	ADJ
ftr-365	1000	14	transaction	transaction	NOUN
ftr-365	1000	15	with	with	ADP
ftr-365	1000	16	domestic	domestic	ADJ
ftr-365	1000	17	counterparties	counterpartie	NOUN
ftr-365	1000	18	could	could	AUX
ftr-365	1000	19	be	be	AUX
ftr-365	1000	20	treated	treat	VERB
ftr-365	1000	21	as	as	ADP
ftr-365	1000	22	the	the	DET
ftr-365	1000	23	conduct	conduct	NOUN
ftr-365	1000	24	of	of	ADP
ftr-365	1000	25	a	a	DET
ftr-365	1000	26	trade	trade	NOUN
ftr-365	1000	27	or	or	CCONJ
ftr-365	1000	28	business	business	NOUN
ftr-365	1000	29	in	in	ADP
ftr-365	1000	30	country	country	NOUN
ftr-365	1000	31	d.	d.	PROPN
ftr-365	1000	32	238	238	NUM
ftr-365	1001	1	this	this	PRON
ftr-365	1001	2	too	too	ADV
ftr-365	1001	3	could	could	AUX
ftr-365	1001	4	have	have	VERB
ftr-365	1001	5	the	the	DET
ftr-365	1001	6	practical	practical	ADJ
ftr-365	1001	7	effect	effect	NOUN
ftr-365	1001	8	of	of	ADP
ftr-365	1001	9	barring	bar	VERB
ftr-365	1001	10	foreign	foreign	ADJ
ftr-365	1001	11	counterparties	counterpartie	NOUN
ftr-365	1001	12	from	from	ADP
ftr-365	1001	13	the	the	DET
ftr-365	1001	14	domestic	domestic	ADJ
ftr-365	1001	15	derivative	derivative	ADJ
ftr-365	1001	16	market	market	NOUN
ftr-365	1001	17	in	in	ADP
ftr-365	1001	18	country	country	PROPN
ftr-365	1001	19	d.	d.	PROPN
ftr-365	1001	20	this	this	DET
ftr-365	1001	21	issue	issue	NOUN
ftr-365	1001	22	is	be	AUX
ftr-365	1001	23	discussed	discuss	VERB
ftr-365	1001	24	below	below	ADV
ftr-365	1001	25	in	in	ADP
ftr-365	1001	26	the	the	DET
ftr-365	1001	27	next	next	ADJ
ftr-365	1001	28	chapter	chapter	NOUN
ftr-365	1001	29	.	.	PUNCT
ftr-365	1002	1	in	in	ADP
ftr-365	1002	2	general	general	ADJ
ftr-365	1002	3	,	,	PUNCT
ftr-365	1002	4	the	the	DET
ftr-365	1002	5	united	united	PROPN
ftr-365	1002	6	states	states	PROPN
ftr-365	1002	7	uses	use	VERB
ftr-365	1002	8	“	"	PUNCT
ftr-365	1002	9	a	a	DET
ftr-365	1002	10	residencebased	residencebase	VERB
ftr-365	1002	11	sourcing	sourcing	NOUN
ftr-365	1002	12	rule	rule	NOUN
ftr-365	1002	13	to	to	PART
ftr-365	1002	14	waive	waive	VERB
ftr-365	1002	15	source	source	NOUN
ftr-365	1002	16	-	-	PUNCT
ftr-365	1002	17	based	base	VERB
ftr-365	1002	18	claims	claim	NOUN
ftr-365	1002	19	on	on	ADP
ftr-365	1002	20	the	the	DET
ftr-365	1002	21	derivative	derivative	ADJ
ftr-365	1002	22	instrument	instrument	NOUN
ftr-365	1002	23	income	income	NOUN
ftr-365	1002	24	of	of	ADP
ftr-365	1002	25	nonresident	nonresident	ADJ
ftr-365	1002	26	foreign	foreign	ADJ
ftr-365	1002	27	persons	person	NOUN
ftr-365	1002	28	.	.	PUNCT
ftr-365	1002	29	”	"	PUNCT
ftr-365	1003	1	239	239	NUM
ftr-365	1003	2	thus	thus	ADV
ftr-365	1003	3	,	,	PUNCT
ftr-365	1003	4	unless	unless	SCONJ
ftr-365	1003	5	the	the	DET
ftr-365	1003	6	gain	gain	NOUN
ftr-365	1003	7	on	on	ADP
ftr-365	1003	8	a	a	DET
ftr-365	1003	9	derivative	derivative	NOUN
ftr-365	1003	10	is	be	AUX
ftr-365	1003	11	connected	connect	VERB
ftr-365	1003	12	with	with	ADP
ftr-365	1003	13	a	a	DET
ftr-365	1003	14	u.s	u.s	PROPN
ftr-365	1003	15	.	.	PROPN
ftr-365	1003	16	trade	trade	NOUN
ftr-365	1003	17	or	or	CCONJ
ftr-365	1003	18	business	business	NOUN
ftr-365	1003	19	or	or	CCONJ
ftr-365	1003	20	u.s	u.s	PROPN
ftr-365	1003	21	.	.	PROPN
ftr-365	1003	22	real	real	ADJ
ftr-365	1003	23	estate	estate	NOUN
ftr-365	1003	24	,	,	PUNCT
ftr-365	1003	25	it	it	PRON
ftr-365	1003	26	is	be	AUX
ftr-365	1003	27	not	not	PART
ftr-365	1003	28	u.s.-source	u.s.-source	ADJ
ftr-365	1003	29	income	income	NOUN
ftr-365	1003	30	.	.	PUNCT
ftr-365	1004	1	240	240	NUM
ftr-365	1004	2	as	as	ADP
ftr-365	1004	3	set	set	VERB
ftr-365	1004	4	which	which	DET
ftr-365	1004	5	payment	payment	NOUN
ftr-365	1004	6	is	be	AUX
ftr-365	1004	7	made	make	VERB
ftr-365	1004	8	under	under	ADP
ftr-365	1004	9	a	a	DET
ftr-365	1004	10	derivative	derivative	ADJ
ftr-365	1004	11	financial	financial	ADJ
ftr-365	1004	12	instrument	instrument	NOUN
ftr-365	1004	13	should	should	AUX
ftr-365	1004	14	have	have	VERB
ftr-365	1004	15	the	the	DET
ftr-365	1004	16	right	right	NOUN
ftr-365	1004	17	to	to	PART
ftr-365	1004	18	impose	impose	VERB
ftr-365	1004	19	tax	tax	NOUN
ftr-365	1004	20	on	on	ADP
ftr-365	1004	21	that	that	DET
ftr-365	1004	22	payment	payment	NOUN
ftr-365	1004	23	.	.	PUNCT
ftr-365	1004	24	”	"	PUNCT
ftr-365	1004	25	)	)	PUNCT
ftr-365	1004	26	.	.	PUNCT
ftr-365	1005	1	233	233	NUM
ftr-365	1005	2	.	.	PUNCT
ftr-365	1006	1	see	see	VERB
ftr-365	1006	2	ifa	ifa	PROPN
ftr-365	1006	3	report	report	PROPN
ftr-365	1006	4	(	(	PUNCT
ftr-365	1006	5	1995	1995	NUM
ftr-365	1006	6	)	)	PUNCT
ftr-365	1006	7	,	,	PUNCT
ftr-365	1006	8	supra	supra	PROPN
ftr-365	1006	9	note	note	PROPN
ftr-365	1006	10	35	35	NUM
ftr-365	1006	11	,	,	PUNCT
ftr-365	1006	12	at	at	ADP
ftr-365	1006	13	684	684	NUM
ftr-365	1006	14	-	-	SYM
ftr-365	1006	15	6	6	NUM
ftr-365	1006	16	;	;	PUNCT
ftr-365	1006	17	rosenbloom	rosenbloom	NOUN
ftr-365	1006	18	,	,	PUNCT
ftr-365	1006	19	supra	supra	PROPN
ftr-365	1006	20	note	note	NOUN
ftr-365	1006	21	32	32	NUM
ftr-365	1006	22	,	,	PUNCT
ftr-365	1006	23	at	at	ADP
ftr-365	1006	24	603	603	NUM
ftr-365	1006	25	.	.	PUNCT
ftr-365	1006	26	234	234	NUM
ftr-365	1006	27	.	.	PUNCT
ftr-365	1007	1	in	in	ADP
ftr-365	1007	2	general	general	ADJ
ftr-365	1007	3	,	,	PUNCT
ftr-365	1007	4	foreign	foreign	ADJ
ftr-365	1007	5	counter	counter	NOUN
ftr-365	1007	6	-	-	NOUN
ftr-365	1007	7	parties	party	NOUN
ftr-365	1007	8	provide	provide	VERB
ftr-365	1007	9	domestic	domestic	ADJ
ftr-365	1007	10	businesses	business	NOUN
ftr-365	1007	11	with	with	ADP
ftr-365	1007	12	better	well	ADJ
ftr-365	1007	13	prices	price	NOUN
ftr-365	1007	14	than	than	ADP
ftr-365	1007	15	domestic	domestic	ADJ
ftr-365	1007	16	counter	counter	NOUN
ftr-365	1007	17	-	-	NOUN
ftr-365	1007	18	parties	party	NOUN
ftr-365	1007	19	.	.	PUNCT
ftr-365	1008	1	235	235	NUM
ftr-365	1008	2	.	.	PUNCT
ftr-365	1008	3	see	see	VERB
ftr-365	1008	4	generally	generally	ADV
ftr-365	1008	5	,	,	PUNCT
ftr-365	1008	6	ifa	ifa	PROPN
ftr-365	1008	7	report	report	NOUN
ftr-365	1008	8	(	(	PUNCT
ftr-365	1008	9	1995	1995	NUM
ftr-365	1008	10	)	)	PUNCT
ftr-365	1008	11	,	,	PUNCT
ftr-365	1008	12	supra	supra	PROPN
ftr-365	1008	13	note	note	PROPN
ftr-365	1008	14	35	35	NUM
ftr-365	1008	15	.	.	PUNCT
ftr-365	1009	1	see	see	VERB
ftr-365	1009	2	also	also	ADV
ftr-365	1009	3	thuronyi	thuronyi	PROPN
ftr-365	1009	4	,	,	PUNCT
ftr-365	1009	5	supra	supra	PROPN
ftr-365	1009	6	note	note	PROPN
ftr-365	1009	7	10	10	NUM
ftr-365	1009	8	,	,	PUNCT
ftr-365	1009	9	at	at	ADP
ftr-365	1009	10	271	271	NUM
ftr-365	1009	11	(	(	PUNCT
ftr-365	1009	12	“	"	PUNCT
ftr-365	1009	13	the	the	DET
ftr-365	1009	14	result	result	NOUN
ftr-365	1009	15	[	[	X
ftr-365	1009	16	of	of	ADP
ftr-365	1009	17	withholding	withholding	NOUN
ftr-365	1009	18	tax	tax	NOUN
ftr-365	1009	19	]	]	PUNCT
ftr-365	1009	20	will	will	AUX
ftr-365	1009	21	be	be	AUX
ftr-365	1009	22	that	that	SCONJ
ftr-365	1009	23	the	the	DET
ftr-365	1009	24	withholding	withholding	NOUN
ftr-365	1009	25	tax	tax	NOUN
ftr-365	1009	26	will	will	AUX
ftr-365	1009	27	,	,	PUNCT
ftr-365	1009	28	in	in	ADP
ftr-365	1009	29	effect	effect	NOUN
ftr-365	1009	30	,	,	PUNCT
ftr-365	1009	31	preclude	preclude	VERB
ftr-365	1009	32	domestic	domestic	ADJ
ftr-365	1009	33	taxpayers	taxpayer	NOUN
ftr-365	1009	34	from	from	ADP
ftr-365	1009	35	entering	enter	VERB
ftr-365	1009	36	into	into	ADP
ftr-365	1009	37	derivative	derivative	ADJ
ftr-365	1009	38	agreements	agreement	NOUN
ftr-365	1009	39	with	with	ADP
ftr-365	1009	40	taxpayers	taxpayer	NOUN
ftr-365	1009	41	resident	resident	NOUN
ftr-365	1009	42	in	in	ADP
ftr-365	1009	43	non	non	ADJ
ftr-365	1009	44	-	-	ADJ
ftr-365	1009	45	treaty	treaty	ADJ
ftr-365	1009	46	partners	partner	NOUN
ftr-365	1009	47	.	.	PUNCT
ftr-365	1009	48	.	.	PUNCT
ftr-365	1009	49	.	.	PUNCT
ftr-365	1009	50	.	.	PUNCT
ftr-365	1009	51	”	"	PUNCT
ftr-365	1009	52	)	)	PUNCT
ftr-365	1009	53	.	.	PUNCT
ftr-365	1010	1	236	236	NUM
ftr-365	1010	2	.	.	X
ftr-365	1010	3	thuronyi	thuronyi	PROPN
ftr-365	1010	4	,	,	PUNCT
ftr-365	1010	5	supra	supra	PROPN
ftr-365	1010	6	note	note	PROPN
ftr-365	1010	7	10	10	NUM
ftr-365	1010	8	,	,	PUNCT
ftr-365	1010	9	at	at	ADP
ftr-365	1010	10	264	264	NUM
ftr-365	1010	11	.	.	PUNCT
ftr-365	1010	12	237	237	NUM
ftr-365	1010	13	.	.	PUNCT
ftr-365	1011	1	i	i	PRON
ftr-365	1011	2	d.	d.	PROPN
ftr-365	1011	3	at	at	ADP
ftr-365	1011	4	271	271	NUM
ftr-365	1011	5	.	.	PUNCT
ftr-365	1012	1	238	238	NUM
ftr-365	1012	2	.	.	PUNCT
ftr-365	1013	1	see	see	VERB
ftr-365	1013	2	prop	prop	NOUN
ftr-365	1013	3	.	.	PUNCT
ftr-365	1014	1	treas	treas	PROPN
ftr-365	1014	2	.	.	PUNCT
ftr-365	1015	1	reg	reg	PROPN
ftr-365	1015	2	.	.	PUNCT
ftr-365	1016	1	§	§	PROPN
ftr-365	1016	2	1.864(b)-1	1.864(b)-1	PROPN
ftr-365	1016	3	.	.	PROPN
ftr-365	1016	4	239	239	NUM
ftr-365	1016	5	.	.	PUNCT
ftr-365	1017	1	see	see	VERB
ftr-365	1017	2	may	may	AUX
ftr-365	1017	3	,	,	PUNCT
ftr-365	1017	4	supra	supra	PROPN
ftr-365	1017	5	note	note	VERB
ftr-365	1017	6	6	6	NUM
ftr-365	1017	7	.	.	NOUN
ftr-365	1017	8	240	240	NUM
ftr-365	1017	9	.	.	PUNCT
ftr-365	1018	1	i	i	PRON
ftr-365	1018	2	d.	d.	PROPN
ftr-365	1018	3	see	see	VERB
ftr-365	1018	4	also	also	ADV
ftr-365	1018	5	charles	charles	PROPN
ftr-365	1018	6	t.	t.	PROPN
ftr-365	1018	7	plambeck	plambeck	PROPN
ftr-365	1018	8	et	et	PROPN
ftr-365	1018	9	al	al	PROPN
ftr-365	1018	10	.	.	PROPN
ftr-365	1018	11	,	,	PUNCT
ftr-365	1018	12	general	general	ADJ
ftr-365	1018	13	report	report	NOUN
ftr-365	1018	14	[	[	X
ftr-365	1018	15	hereinafter	hereinafter	NOUN
ftr-365	1018	16	general	general	ADJ
ftr-365	1018	17	report	report	NOUN
ftr-365	1018	18	]	]	PUNCT
ftr-365	1018	19	in	in	ADP
ftr-365	1018	20	80b	80b	PROPN
ftr-365	1018	21	cahiers	cahiers	PROPN
ftr-365	1018	22	de	de	PROPN
ftr-365	1018	23	droit	droit	PROPN
ftr-365	1018	24	fiscal	fiscal	PROPN
ftr-365	1018	25	international	international	ADJ
ftr-365	1018	26	653	653	NUM
ftr-365	1018	27	(	(	PUNCT
ftr-365	1018	28	1995	1995	NUM
ftr-365	1018	29	)	)	PUNCT
ftr-365	1018	30	.	.	PUNCT
ftr-365	1019	1	a	a	DET
ftr-365	1019	2	similar	similar	ADJ
ftr-365	1019	3	2008	2008	NUM
ftr-365	1019	4	]	]	PUNCT
ftr-365	1019	5	the	the	DET
ftr-365	1019	6	case	case	NOUN
ftr-365	1019	7	for	for	ADP
ftr-365	1019	8	residency	residency	NOUN
ftr-365	1019	9	-	-	PUNCT
ftr-365	1019	10	based	base	VERB
ftr-365	1019	11	taxation	taxation	NOUN
ftr-365	1019	12	45	45	NUM
ftr-365	1019	13	forth	forth	ADV
ftr-365	1019	14	above	above	ADV
ftr-365	1019	15	,	,	PUNCT
ftr-365	1019	16	the	the	DET
ftr-365	1019	17	definition	definition	NOUN
ftr-365	1019	18	of	of	ADP
ftr-365	1019	19	fdap	fdap	ADJ
ftr-365	1019	20	income	income	NOUN
ftr-365	1019	21	in	in	ADP
ftr-365	1019	22	the	the	DET
ftr-365	1019	23	u.s	u.s	PROPN
ftr-365	1019	24	.	.	PROPN
ftr-365	1019	25	is	be	AUX
ftr-365	1019	26	very	very	ADV
ftr-365	1019	27	broad	broad	ADJ
ftr-365	1019	28	and	and	CCONJ
ftr-365	1019	29	includes	include	VERB
ftr-365	1019	30	various	various	ADJ
ftr-365	1019	31	types	type	NOUN
ftr-365	1019	32	of	of	ADP
ftr-365	1019	33	income	income	NOUN
ftr-365	1019	34	.	.	PUNCT
ftr-365	1020	1	241	241	NUM
ftr-365	1021	1	the	the	DET
ftr-365	1021	2	income	income	NOUN
ftr-365	1021	3	need	need	AUX
ftr-365	1021	4	not	not	PART
ftr-365	1021	5	even	even	ADV
ftr-365	1021	6	be	be	AUX
ftr-365	1021	7	annual	annual	ADJ
ftr-365	1021	8	or	or	CCONJ
ftr-365	1021	9	periodical	periodical	ADJ
ftr-365	1021	10	,	,	PUNCT
ftr-365	1021	11	so	so	CCONJ
ftr-365	1021	12	a	a	DET
ftr-365	1021	13	single	single	ADJ
ftr-365	1021	14	payment	payment	NOUN
ftr-365	1021	15	could	could	AUX
ftr-365	1021	16	also	also	ADV
ftr-365	1021	17	constitute	constitute	VERB
ftr-365	1021	18	fdap	fdap	NOUN
ftr-365	1021	19	.	.	PUNCT
ftr-365	1022	1	242	242	NUM
ftr-365	1022	2	nevertheless	nevertheless	ADV
ftr-365	1022	3	,	,	PUNCT
ftr-365	1022	4	certain	certain	ADJ
ftr-365	1022	5	specific	specific	ADJ
ftr-365	1022	6	exceptions	exception	NOUN
ftr-365	1022	7	exist	exist	VERB
ftr-365	1022	8	,	,	PUNCT
ftr-365	1022	9	one	one	NUM
ftr-365	1022	10	of	of	ADP
ftr-365	1022	11	which	which	PRON
ftr-365	1022	12	is	be	AUX
ftr-365	1022	13	for	for	ADP
ftr-365	1022	14	gains	gain	NOUN
ftr-365	1022	15	from	from	ADP
ftr-365	1022	16	the	the	DET
ftr-365	1022	17	sale	sale	NOUN
ftr-365	1022	18	of	of	ADP
ftr-365	1022	19	property	property	NOUN
ftr-365	1022	20	,	,	PUNCT
ftr-365	1022	21	including	include	VERB
ftr-365	1022	22	option	option	NOUN
ftr-365	1022	23	premiums	premium	NOUN
ftr-365	1022	24	.	.	PUNCT
ftr-365	1023	1	243	243	NUM
ftr-365	1023	2	there	there	PRON
ftr-365	1023	3	is	be	VERB
ftr-365	1023	4	no	no	DET
ftr-365	1023	5	specific	specific	ADJ
ftr-365	1023	6	exception	exception	NOUN
ftr-365	1023	7	from	from	ADP
ftr-365	1023	8	fdap	fdap	ADJ
ftr-365	1023	9	income	income	NOUN
ftr-365	1023	10	for	for	ADP
ftr-365	1023	11	payments	payment	NOUN
ftr-365	1023	12	under	under	ADP
ftr-365	1023	13	a	a	DET
ftr-365	1023	14	notional	notional	ADJ
ftr-365	1023	15	principal	principal	ADJ
ftr-365	1023	16	contract	contract	NOUN
ftr-365	1023	17	;	;	PUNCT
ftr-365	1023	18	nevertheless	nevertheless	ADV
ftr-365	1023	19	,	,	PUNCT
ftr-365	1023	20	pursuant	pursuant	ADJ
ftr-365	1023	21	to	to	ADP
ftr-365	1023	22	treas	treas	PROPN
ftr-365	1023	23	.	.	PUNCT
ftr-365	1024	1	reg	reg	PROPN
ftr-365	1024	2	.	.	PUNCT
ftr-365	1024	3	section	section	NOUN
ftr-365	1024	4	1.8637(b	1.8637(b	NUM
ftr-365	1024	5	)	)	PUNCT
ftr-365	1024	6	,	,	PUNCT
ftr-365	1024	7	if	if	SCONJ
ftr-365	1024	8	the	the	DET
ftr-365	1024	9	foreign	foreign	ADJ
ftr-365	1024	10	counterparty	counterparty	NOUN
ftr-365	1024	11	is	be	AUX
ftr-365	1024	12	not	not	PART
ftr-365	1024	13	engaged	engage	VERB
ftr-365	1024	14	in	in	ADP
ftr-365	1024	15	a	a	DET
ftr-365	1024	16	u.s	u.s	PROPN
ftr-365	1024	17	.	.	PROPN
ftr-365	1024	18	trade	trade	NOUN
ftr-365	1024	19	or	or	CCONJ
ftr-365	1024	20	business	business	NOUN
ftr-365	1024	21	,	,	PUNCT
ftr-365	1024	22	a	a	DET
ftr-365	1024	23	domestic	domestic	ADJ
ftr-365	1024	24	payor	payor	NOUN
ftr-365	1024	25	of	of	ADP
ftr-365	1024	26	periodic	periodic	ADJ
ftr-365	1024	27	payments	payment	NOUN
ftr-365	1024	28	under	under	ADP
ftr-365	1024	29	a	a	DET
ftr-365	1024	30	notional	notional	ADJ
ftr-365	1024	31	principal	principal	ADJ
ftr-365	1024	32	contract	contract	NOUN
ftr-365	1024	33	is	be	AUX
ftr-365	1024	34	not	not	PART
ftr-365	1024	35	required	require	VERB
ftr-365	1024	36	to	to	PART
ftr-365	1024	37	withhold	withhold	VERB
ftr-365	1024	38	on	on	ADP
ftr-365	1024	39	its	its	PRON
ftr-365	1024	40	periodic	periodic	ADJ
ftr-365	1024	41	payments	payment	NOUN
ftr-365	1024	42	to	to	ADP
ftr-365	1024	43	the	the	DET
ftr-365	1024	44	foreign	foreign	ADJ
ftr-365	1024	45	counterparty	counterparty	NOUN
ftr-365	1024	46	because	because	SCONJ
ftr-365	1024	47	the	the	DET
ftr-365	1024	48	payment	payment	NOUN
ftr-365	1024	49	will	will	AUX
ftr-365	1024	50	be	be	AUX
ftr-365	1024	51	treated	treat	VERB
ftr-365	1024	52	as	as	ADP
ftr-365	1024	53	having	have	VERB
ftr-365	1024	54	a	a	DET
ftr-365	1024	55	foreign	foreign	ADJ
ftr-365	1024	56	source	source	NOUN
ftr-365	1024	57	.	.	PUNCT
ftr-365	1025	1	244	244	NUM
ftr-365	1026	1	the	the	DET
ftr-365	1026	2	source	source	NOUN
ftr-365	1026	3	of	of	ADP
ftr-365	1026	4	the	the	DET
ftr-365	1026	5	periodic	periodic	ADJ
ftr-365	1026	6	payments	payment	NOUN
ftr-365	1026	7	under	under	ADP
ftr-365	1026	8	a	a	DET
ftr-365	1026	9	notional	notional	ADJ
ftr-365	1026	10	principal	principal	ADJ
ftr-365	1026	11	contract	contract	NOUN
ftr-365	1026	12	is	be	AUX
ftr-365	1026	13	the	the	DET
ftr-365	1026	14	residence	residence	NOUN
ftr-365	1026	15	of	of	ADP
ftr-365	1026	16	the	the	DET
ftr-365	1026	17	recipient	recipient	NOUN
ftr-365	1026	18	of	of	ADP
ftr-365	1026	19	the	the	DET
ftr-365	1026	20	income	income	NOUN
ftr-365	1026	21	and	and	CCONJ
ftr-365	1026	22	not	not	PART
ftr-365	1026	23	the	the	DET
ftr-365	1026	24	residence	residence	NOUN
ftr-365	1026	25	of	of	ADP
ftr-365	1026	26	the	the	DET
ftr-365	1026	27	payor	payor	NOUN
ftr-365	1026	28	.	.	PUNCT
ftr-365	1027	1	245	245	NUM
ftr-365	1027	2	while	while	SCONJ
ftr-365	1027	3	this	this	PRON
ftr-365	1027	4	looks	look	VERB
ftr-365	1027	5	like	like	ADP
ftr-365	1027	6	a	a	DET
ftr-365	1027	7	formal	formal	ADJ
ftr-365	1027	8	source	source	NOUN
ftr-365	1027	9	rule	rule	NOUN
ftr-365	1027	10	,	,	PUNCT
ftr-365	1027	11	according	accord	VERB
ftr-365	1027	12	to	to	ADP
ftr-365	1027	13	david	david	PROPN
ftr-365	1027	14	hariton	hariton	PROPN
ftr-365	1027	15	(	(	PUNCT
ftr-365	1027	16	on	on	ADP
ftr-365	1027	17	behalf	behalf	NOUN
ftr-365	1027	18	of	of	ADP
ftr-365	1027	19	the	the	DET
ftr-365	1027	20	new	new	PROPN
ftr-365	1027	21	york	york	PROPN
ftr-365	1027	22	state	state	PROPN
ftr-365	1027	23	bar	bar	PROPN
ftr-365	1027	24	association	association	NOUN
ftr-365	1027	25	tax	tax	NOUN
ftr-365	1027	26	section	section	NOUN
ftr-365	1027	27	)	)	PUNCT
ftr-365	1027	28	the	the	DET
ftr-365	1027	29	effective	effective	ADJ
ftr-365	1027	30	source	source	NOUN
ftr-365	1027	31	of	of	ADP
ftr-365	1027	32	income	income	NOUN
ftr-365	1027	33	from	from	ADP
ftr-365	1027	34	notional	notional	ADJ
ftr-365	1027	35	principal	principal	ADJ
ftr-365	1027	36	contracts	contract	NOUN
ftr-365	1027	37	contained	contain	VERB
ftr-365	1027	38	in	in	ADP
ftr-365	1027	39	treas	treas	PROPN
ftr-365	1027	40	.	.	PUNCT
ftr-365	1028	1	reg	reg	PROPN
ftr-365	1028	2	.	.	PUNCT
ftr-365	1029	1	section	section	NOUN
ftr-365	1029	2	1.863	1.863	NUM
ftr-365	1029	3	-	-	SYM
ftr-365	1029	4	7	7	NUM
ftr-365	1029	5	is	be	AUX
ftr-365	1029	6	where	where	SCONJ
ftr-365	1029	7	the	the	DET
ftr-365	1029	8	activities	activity	NOUN
ftr-365	1029	9	relating	relate	VERB
ftr-365	1029	10	to	to	ADP
ftr-365	1029	11	the	the	DET
ftr-365	1029	12	notional	notional	ADJ
ftr-365	1029	13	principal	principal	ADJ
ftr-365	1029	14	contract	contract	NOUN
ftr-365	1029	15	itself	itself	PRON
ftr-365	1029	16	took	take	VERB
ftr-365	1029	17	place	place	NOUN
ftr-365	1029	18	.	.	PUNCT
ftr-365	1030	1	246	246	NUM
ftr-365	1030	2	other	other	ADJ
ftr-365	1030	3	countries	country	NOUN
ftr-365	1030	4	,	,	PUNCT
ftr-365	1030	5	however	however	ADV
ftr-365	1030	6	,	,	PUNCT
ftr-365	1030	7	have	have	AUX
ftr-365	1030	8	attempted	attempt	VERB
ftr-365	1030	9	to	to	PART
ftr-365	1030	10	trace	trace	VERB
ftr-365	1030	11	the	the	DET
ftr-365	1030	12	risk	risk	NOUN
ftr-365	1030	13	being	be	AUX
ftr-365	1030	14	managed	manage	VERB
ftr-365	1030	15	by	by	ADP
ftr-365	1030	16	derivatives	derivative	NOUN
ftr-365	1030	17	;	;	PUNCT
ftr-365	1030	18	in	in	ADP
ftr-365	1030	19	argentina	argentina	PROPN
ftr-365	1030	20	and	and	CCONJ
ftr-365	1030	21	columbia	columbia	PROPN
ftr-365	1030	22	,	,	PUNCT
ftr-365	1030	23	for	for	ADP
ftr-365	1030	24	example	example	NOUN
ftr-365	1030	25	,	,	PUNCT
ftr-365	1030	26	income	income	NOUN
ftr-365	1030	27	from	from	ADP
ftr-365	1030	28	derivatives	derivative	NOUN
ftr-365	1030	29	has	have	VERB
ftr-365	1030	30	domestic	domestic	ADJ
ftr-365	1030	31	source	source	NOUN
ftr-365	1030	32	if	if	SCONJ
ftr-365	1030	33	the	the	DET
ftr-365	1030	34	undertaken	undertake	VERB
ftr-365	1030	35	risk	risk	NOUN
ftr-365	1030	36	is	be	AUX
ftr-365	1030	37	therein	therein	ADV
ftr-365	1030	38	.	.	PUNCT
ftr-365	1031	1	247	247	NUM
ftr-365	1031	2	approach	approach	NOUN
ftr-365	1031	3	is	be	AUX
ftr-365	1031	4	applied	apply	VERB
ftr-365	1031	5	in	in	ADP
ftr-365	1031	6	the	the	DET
ftr-365	1031	7	united	united	ADJ
ftr-365	1031	8	kingdom	kingdom	PROPN
ftr-365	1031	9	.	.	PUNCT
ftr-365	1032	1	see	see	VERB
ftr-365	1032	2	moncrieff	moncrieff	PROPN
ftr-365	1032	3	,	,	PUNCT
ftr-365	1032	4	supra	supra	PROPN
ftr-365	1032	5	note	note	NOUN
ftr-365	1032	6	205	205	NUM
ftr-365	1032	7	(	(	PUNCT
ftr-365	1032	8	“	"	PUNCT
ftr-365	1032	9	payments	payment	NOUN
ftr-365	1032	10	made	make	VERB
ftr-365	1032	11	in	in	ADP
ftr-365	1032	12	respect	respect	NOUN
ftr-365	1032	13	of	of	ADP
ftr-365	1032	14	derivative	derivative	ADJ
ftr-365	1032	15	contracts	contract	NOUN
ftr-365	1032	16	have	have	AUX
ftr-365	1032	17	traditionally	traditionally	ADV
ftr-365	1032	18	fallen	fall	VERB
ftr-365	1032	19	outside	outside	ADP
ftr-365	1032	20	withholding	withholding	NOUN
ftr-365	1032	21	tax	tax	NOUN
ftr-365	1032	22	requirements	requirement	NOUN
ftr-365	1032	23	and	and	CCONJ
ftr-365	1032	24	this	this	PRON
ftr-365	1032	25	has	have	AUX
ftr-365	1032	26	been	be	AUX
ftr-365	1032	27	confirmed	confirm	VERB
ftr-365	1032	28	in	in	ADP
ftr-365	1032	29	the	the	DET
ftr-365	1032	30	2002	2002	NUM
ftr-365	1032	31	rules	rule	NOUN
ftr-365	1032	32	.	.	PUNCT
ftr-365	1032	33	”	"	PUNCT
ftr-365	1032	34	)	)	PUNCT
ftr-365	1032	35	.	.	PUNCT
ftr-365	1033	1	241	241	X
ftr-365	1033	2	.	.	PUNCT
ftr-365	1034	1	treas	treas	PROPN
ftr-365	1034	2	.	.	PUNCT
ftr-365	1035	1	regs	regs	PROPN
ftr-365	1035	2	.	.	PUNCT
ftr-365	1036	1	§	§	PROPN
ftr-365	1036	2	1.1441	1.1441	NUM
ftr-365	1036	3	2(b)(1)(i	2(b)(1)(i	NUM
ftr-365	1036	4	)	)	PUNCT
ftr-365	1036	5	.	.	PUNCT
ftr-365	1037	1	242	242	NUM
ftr-365	1037	2	.	.	PUNCT
ftr-365	1038	1	treas	treas	PROPN
ftr-365	1038	2	.	.	PUNCT
ftr-365	1038	3	regs	regs	PROPN
ftr-365	1038	4	.	.	PUNCT
ftr-365	1039	1	§	§	PROPN
ftr-365	1039	2	1.1441	1.1441	NUM
ftr-365	1039	3	-	-	SYM
ftr-365	1039	4	2(b)(1)(ii	2(b)(1)(ii	NUM
ftr-365	1039	5	)	)	PUNCT
ftr-365	1039	6	.	.	PUNCT
ftr-365	1040	1	243	243	NUM
ftr-365	1040	2	.	.	PUNCT
ftr-365	1041	1	treas	treas	PROPN
ftr-365	1041	2	.	.	PUNCT
ftr-365	1042	1	regs	regs	PROPN
ftr-365	1042	2	.	.	PUNCT
ftr-365	1043	1	§	§	PROPN
ftr-365	1043	2	1.1441	1.1441	NUM
ftr-365	1043	3	-	-	SYM
ftr-365	1043	4	2(b)(2)(i	2(b)(2)(i	NUM
ftr-365	1043	5	)	)	PUNCT
ftr-365	1043	6	.	.	PUNCT
ftr-365	1044	1	244	244	NUM
ftr-365	1044	2	.	.	PUNCT
ftr-365	1045	1	the	the	DET
ftr-365	1045	2	definition	definition	NOUN
ftr-365	1045	3	of	of	ADP
ftr-365	1045	4	a	a	DET
ftr-365	1045	5	notional	notional	ADJ
ftr-365	1045	6	principal	principal	ADJ
ftr-365	1045	7	contract	contract	NOUN
ftr-365	1045	8	under	under	ADP
ftr-365	1045	9	treas	treas	PROPN
ftr-365	1045	10	.	.	PUNCT
ftr-365	1046	1	reg	reg	PROPN
ftr-365	1046	2	.	.	PUNCT
ftr-365	1047	1	§	§	PROPN
ftr-365	1047	2	1.8637(a	1.8637(a	NUM
ftr-365	1047	3	)	)	PUNCT
ftr-365	1047	4	is	be	AUX
ftr-365	1047	5	the	the	DET
ftr-365	1047	6	same	same	ADJ
ftr-365	1047	7	as	as	ADP
ftr-365	1047	8	that	that	PRON
ftr-365	1047	9	under	under	ADP
ftr-365	1047	10	treas	treas	PROPN
ftr-365	1047	11	.	.	PUNCT
ftr-365	1048	1	regs	regs	PROPN
ftr-365	1048	2	.	.	PUNCT
ftr-365	1049	1	§	§	PROPN
ftr-365	1049	2	1.446	1.446	NUM
ftr-365	1049	3	-	-	NUM
ftr-365	1049	4	3(c	3(c	NUM
ftr-365	1049	5	)	)	PUNCT
ftr-365	1049	6	.	.	PUNCT
ftr-365	1050	1	see	see	VERB
ftr-365	1050	2	also	also	ADV
ftr-365	1050	3	treas	treas	PROPN
ftr-365	1050	4	.	.	PUNCT
ftr-365	1051	1	regs	regs	PROPN
ftr-365	1051	2	.	.	PUNCT
ftr-365	1052	1	§	§	PROPN
ftr-365	1052	2	1.14414(a)(3	1.14414(a)(3	NUM
ftr-365	1052	3	)	)	PUNCT
ftr-365	1052	4	,	,	PUNCT
ftr-365	1052	5	pursuant	pursuant	ADJ
ftr-365	1052	6	to	to	ADP
ftr-365	1052	7	which	which	DET
ftr-365	1052	8	payments	payment	NOUN
ftr-365	1052	9	with	with	ADP
ftr-365	1052	10	respect	respect	NOUN
ftr-365	1052	11	to	to	ADP
ftr-365	1052	12	a	a	DET
ftr-365	1052	13	notional	notional	ADJ
ftr-365	1052	14	principal	principal	ADJ
ftr-365	1052	15	contract	contract	NOUN
ftr-365	1052	16	described	describe	VERB
ftr-365	1052	17	in	in	ADP
ftr-365	1052	18	treas	treas	PROPN
ftr-365	1052	19	.	.	PUNCT
ftr-365	1053	1	regs	regs	PROPN
ftr-365	1053	2	.	.	PUNCT
ftr-365	1054	1	§	§	PROPN
ftr-365	1054	2	1.863	1.863	NUM
ftr-365	1054	3	-	-	SYM
ftr-365	1054	4	7(a	7(a	NUM
ftr-365	1054	5	)	)	PUNCT
ftr-365	1054	6	are	be	AUX
ftr-365	1054	7	not	not	PART
ftr-365	1054	8	subject	subject	ADJ
ftr-365	1054	9	to	to	ADP
ftr-365	1054	10	u.s	u.s	PROPN
ftr-365	1054	11	.	.	PROPN
ftr-365	1054	12	withholding	withholding	NOUN
ftr-365	1054	13	tax	tax	NOUN
ftr-365	1054	14	.	.	PUNCT
ftr-365	1055	1	245	245	NUM
ftr-365	1055	2	.	.	PUNCT
ftr-365	1056	1	treas	treas	PROPN
ftr-365	1056	2	.	.	PUNCT
ftr-365	1056	3	regs	regs	PROPN
ftr-365	1056	4	.	.	PUNCT
ftr-365	1057	1	§	§	PROPN
ftr-365	1057	2	1.863	1.863	NUM
ftr-365	1057	3	-	-	PUNCT
ftr-365	1057	4	7(a	7(a	NUM
ftr-365	1057	5	)	)	PUNCT
ftr-365	1057	6	.	.	PUNCT
ftr-365	1058	1	see	see	VERB
ftr-365	1058	2	also	also	ADV
ftr-365	1058	3	treas	treas	PROPN
ftr-365	1058	4	.	.	PUNCT
ftr-365	1059	1	regs	regs	PROPN
ftr-365	1059	2	.	.	PUNCT
ftr-365	1060	1	§	§	PROPN
ftr-365	1060	2	1.988	1.988	NUM
ftr-365	1060	3	-	-	NUM
ftr-365	1060	4	4(a	4(a	NUM
ftr-365	1060	5	)	)	PUNCT
ftr-365	1060	6	for	for	ADP
ftr-365	1060	7	foreign	foreign	ADJ
ftr-365	1060	8	currency	currency	NOUN
ftr-365	1060	9	swaps	swap	NOUN
ftr-365	1060	10	.	.	PUNCT
ftr-365	1061	1	special	special	ADJ
ftr-365	1061	2	rules	rule	NOUN
ftr-365	1061	3	apply	apply	VERB
ftr-365	1061	4	to	to	ADP
ftr-365	1061	5	payments	payment	NOUN
ftr-365	1061	6	on	on	ADP
ftr-365	1061	7	notional	notional	ADJ
ftr-365	1061	8	principal	principal	ADJ
ftr-365	1061	9	contracts	contract	NOUN
ftr-365	1061	10	that	that	PRON
ftr-365	1061	11	are	be	AUX
ftr-365	1061	12	classified	classify	VERB
ftr-365	1061	13	as	as	ADP
ftr-365	1061	14	“	"	PUNCT
ftr-365	1061	15	embedded	embed	VERB
ftr-365	1061	16	loans	loan	NOUN
ftr-365	1061	17	.	.	PUNCT
ftr-365	1061	18	”	"	PUNCT
ftr-365	1062	1	246	246	NUM
ftr-365	1062	2	.	.	PUNCT
ftr-365	1063	1	see	see	VERB
ftr-365	1063	2	david	david	PROPN
ftr-365	1063	3	p.	p.	PROPN
ftr-365	1063	4	hariton	hariton	PROPN
ftr-365	1063	5	(	(	PUNCT
ftr-365	1063	6	on	on	ADP
ftr-365	1063	7	behalf	behalf	NOUN
ftr-365	1063	8	of	of	ADP
ftr-365	1063	9	the	the	DET
ftr-365	1063	10	new	new	PROPN
ftr-365	1063	11	york	york	PROPN
ftr-365	1063	12	state	state	PROPN
ftr-365	1063	13	bar	bar	PROPN
ftr-365	1063	14	association	association	NOUN
ftr-365	1063	15	tax	tax	NOUN
ftr-365	1063	16	section	section	NOUN
ftr-365	1063	17	)	)	PUNCT
ftr-365	1063	18	,	,	PUNCT
ftr-365	1063	19	credit	credit	NOUN
ftr-365	1063	20	default	default	NOUN
ftr-365	1063	21	swaps	swap	NOUN
ftr-365	1063	22	,	,	PUNCT
ftr-365	1063	23	40	40	NUM
ftr-365	1063	24	tax	tax	NOUN
ftr-365	1063	25	notes	note	NOUN
ftr-365	1063	26	int’l	int’l	NOUN
ftr-365	1063	27	545	545	NUM
ftr-365	1063	28	,	,	PUNCT
ftr-365	1063	29	at	at	ADP
ftr-365	1063	30	note	note	NOUN
ftr-365	1063	31	120	120	NUM
ftr-365	1063	32	(	(	PUNCT
ftr-365	1063	33	“	"	PUNCT
ftr-365	1063	34	while	while	SCONJ
ftr-365	1063	35	regs	reg	NOUN
ftr-365	1063	36	.	.	PUNCT
ftr-365	1064	1	§	§	PROPN
ftr-365	1064	2	1.863	1.863	NUM
ftr-365	1064	3	-	-	SYM
ftr-365	1064	4	7	7	NUM
ftr-365	1064	5	is	be	AUX
ftr-365	1064	6	often	often	ADV
ftr-365	1064	7	thought	think	VERB
ftr-365	1064	8	of	of	ADP
ftr-365	1064	9	as	as	ADP
ftr-365	1064	10	providing	provide	VERB
ftr-365	1064	11	a	a	DET
ftr-365	1064	12	rule	rule	NOUN
ftr-365	1064	13	that	that	SCONJ
ftr-365	1064	14	notional	notional	ADJ
ftr-365	1064	15	principal	principal	ADJ
ftr-365	1064	16	contract	contract	NOUN
ftr-365	1064	17	payments	payment	NOUN
ftr-365	1064	18	to	to	ADP
ftr-365	1064	19	a	a	DET
ftr-365	1064	20	foreign	foreign	ADJ
ftr-365	1064	21	person	person	NOUN
ftr-365	1064	22	are	be	AUX
ftr-365	1064	23	foreign	foreign	ADJ
ftr-365	1064	24	source	source	NOUN
ftr-365	1064	25	,	,	PUNCT
ftr-365	1064	26	that	that	PRON
ftr-365	1064	27	is	be	AUX
ftr-365	1064	28	not	not	PART
ftr-365	1064	29	true	true	ADJ
ftr-365	1064	30	if	if	SCONJ
ftr-365	1064	31	the	the	DET
ftr-365	1064	32	payments	payment	NOUN
ftr-365	1064	33	constitute	constitute	VERB
ftr-365	1064	34	effectively	effectively	ADV
ftr-365	1064	35	connected	connect	VERB
ftr-365	1064	36	income	income	NOUN
ftr-365	1064	37	.	.	PUNCT
ftr-365	1065	1	in	in	ADP
ftr-365	1065	2	that	that	DET
ftr-365	1065	3	case	case	NOUN
ftr-365	1065	4	,	,	PUNCT
ftr-365	1065	5	the	the	DET
ftr-365	1065	6	payment	payment	NOUN
ftr-365	1065	7	is	be	AUX
ftr-365	1065	8	treated	treat	VERB
ftr-365	1065	9	as	as	ADP
ftr-365	1065	10	u.s.-source	u.s.-source	ADJ
ftr-365	1065	11	income	income	NOUN
ftr-365	1065	12	.	.	PUNCT
ftr-365	1066	1	regs	regs	PROPN
ftr-365	1066	2	.	.	PUNCT
ftr-365	1067	1	§	§	PROPN
ftr-365	1067	2	1.863	1.863	NUM
ftr-365	1067	3	-	-	PUNCT
ftr-365	1067	4	7(b)(3	7(b)(3	NUM
ftr-365	1067	5	)	)	PUNCT
ftr-365	1067	6	.	.	PUNCT
ftr-365	1067	7	”	"	PUNCT
ftr-365	1068	1	)	)	PUNCT
ftr-365	1068	2	247	247	NUM
ftr-365	1068	3	.	.	PUNCT
ftr-365	1069	1	guillermo	guillermo	PROPN
ftr-365	1069	2	o.	o.	PROPN
ftr-365	1069	3	teijeiro	teijeiro	PROPN
ftr-365	1069	4	,	,	PUNCT
ftr-365	1069	5	argentine	argentine	ADJ
ftr-365	1069	6	anti	anti	ADJ
ftr-365	1069	7	-	-	ADJ
ftr-365	1069	8	avoidance	avoidance	ADJ
ftr-365	1069	9	rules	rule	NOUN
ftr-365	1069	10	:	:	PUNCT
ftr-365	1069	11	application	application	NOUN
ftr-365	1069	12	under	under	ADP
ftr-365	1069	13	domestic	domestic	ADJ
ftr-365	1069	14	and	and	CCONJ
ftr-365	1069	15	international	international	ADJ
ftr-365	1069	16	conventional	conventional	ADJ
ftr-365	1069	17	law	law	NOUN
ftr-365	1069	18	,	,	PUNCT
ftr-365	1069	19	32	32	NUM
ftr-365	1069	20	tax	tax	NOUN
ftr-365	1069	21	notes	note	NOUN
ftr-365	1069	22	int’l	int’l	X
ftr-365	1069	23	67	67	NUM
ftr-365	1069	24	(	(	PUNCT
ftr-365	1069	25	aug	aug	PROPN
ftr-365	1069	26	.	.	PROPN
ftr-365	1069	27	21	21	NUM
ftr-365	1069	28	,	,	PUNCT
ftr-365	1069	29	2003	2003	NUM
ftr-365	1069	30	)	)	PUNCT
ftr-365	1069	31	,	,	PUNCT
ftr-365	1069	32	citing	cite	VERB
ftr-365	1069	33	argentina	argentina	PROPN
ftr-365	1069	34	income	income	PROPN
ftr-365	1069	35	tax	tax	NOUN
ftr-365	1069	36	law	law	NOUN
ftr-365	1069	37	,	,	PUNCT
ftr-365	1069	38	first	first	ADJ
ftr-365	1069	39	section	section	NOUN
ftr-365	1069	40	(	(	PUNCT
ftr-365	1069	41	unnumbered	unnumbered	ADJ
ftr-365	1069	42	)	)	PUNCT
ftr-365	1069	43	after	after	ADP
ftr-365	1069	44	§	§	PROPN
ftr-365	1069	45	7	7	NUM
ftr-365	1069	46	,	,	PUNCT
ftr-365	1069	47	“	"	PUNCT
ftr-365	1069	48	[	[	X
ftr-365	1069	49	r]isk	r]isk	NOUN
ftr-365	1069	50	is	be	AUX
ftr-365	1069	51	considered	consider	VERB
ftr-365	1069	52	situated	situated	ADJ
ftr-365	1069	53	in	in	ADP
ftr-365	1069	54	argentina	argentina	PROPN
ftr-365	1070	1	whenever	whenever	SCONJ
ftr-365	1070	2	the	the	DET
ftr-365	1070	3	party	party	NOUN
ftr-365	1070	4	to	to	ADP
ftr-365	1070	5	the	the	DET
ftr-365	1070	6	transaction	transaction	NOUN
ftr-365	1070	7	obtaining	obtain	VERB
ftr-365	1070	8	the	the	DET
ftr-365	1070	9	46	46	NUM
ftr-365	1070	10	florida	florida	PROPN
ftr-365	1070	11	tax	tax	NOUN
ftr-365	1070	12	review	review	NOUN
ftr-365	1070	13	[	[	X
ftr-365	1070	14	vol	vol	NOUN
ftr-365	1070	15	.	.	PUNCT
ftr-365	1070	16	9:1	9:1	NUM
ftr-365	1070	17	as	as	ADP
ftr-365	1070	18	of	of	ADP
ftr-365	1070	19	today	today	NOUN
ftr-365	1070	20	,	,	PUNCT
ftr-365	1070	21	there	there	PRON
ftr-365	1070	22	are	be	VERB
ftr-365	1070	23	no	no	DET
ftr-365	1070	24	specific	specific	ADJ
ftr-365	1070	25	source	source	NOUN
ftr-365	1070	26	rules	rule	NOUN
ftr-365	1070	27	in	in	ADP
ftr-365	1070	28	the	the	DET
ftr-365	1070	29	united	united	PROPN
ftr-365	1070	30	states	states	PROPN
ftr-365	1070	31	for	for	ADP
ftr-365	1070	32	gains	gain	NOUN
ftr-365	1070	33	or	or	CCONJ
ftr-365	1070	34	losses	loss	NOUN
ftr-365	1070	35	on	on	ADP
ftr-365	1070	36	options	option	NOUN
ftr-365	1070	37	,	,	PUNCT
ftr-365	1070	38	forward	forward	ADJ
ftr-365	1070	39	contracts	contract	NOUN
ftr-365	1070	40	and	and	CCONJ
ftr-365	1070	41	futures	future	NOUN
ftr-365	1070	42	contracts	contract	NOUN
ftr-365	1070	43	.	.	PUNCT
ftr-365	1071	1	248	248	NUM
ftr-365	1071	2	in	in	ADP
ftr-365	1071	3	addition	addition	NOUN
ftr-365	1071	4	,	,	PUNCT
ftr-365	1071	5	there	there	PRON
ftr-365	1071	6	are	be	VERB
ftr-365	1071	7	no	no	DET
ftr-365	1071	8	source	source	NOUN
ftr-365	1071	9	rules	rule	NOUN
ftr-365	1071	10	for	for	ADP
ftr-365	1071	11	income	income	NOUN
ftr-365	1071	12	from	from	ADP
ftr-365	1071	13	other	other	ADJ
ftr-365	1071	14	types	type	NOUN
ftr-365	1071	15	of	of	ADP
ftr-365	1071	16	payments	payment	NOUN
ftr-365	1071	17	under	under	ADP
ftr-365	1071	18	a	a	DET
ftr-365	1071	19	notional	notional	ADJ
ftr-365	1071	20	principal	principal	ADJ
ftr-365	1071	21	contract	contract	NOUN
ftr-365	1071	22	(	(	PUNCT
ftr-365	1071	23	i.e.	i.e.	X
ftr-365	1071	24	,	,	PUNCT
ftr-365	1071	25	non	non	ADJ
ftr-365	1071	26	-	-	ADJ
ftr-365	1071	27	periodic	periodic	ADJ
ftr-365	1071	28	and	and	CCONJ
ftr-365	1071	29	termination	termination	NOUN
ftr-365	1071	30	payments	payment	NOUN
ftr-365	1071	31	)	)	PUNCT
ftr-365	1071	32	.	.	PUNCT
ftr-365	1072	1	249	249	NUM
ftr-365	1072	2	thus	thus	ADV
ftr-365	1072	3	,	,	PUNCT
ftr-365	1072	4	under	under	ADP
ftr-365	1072	5	the	the	DET
ftr-365	1072	6	normal	normal	ADJ
ftr-365	1072	7	source	source	NOUN
ftr-365	1072	8	rules	rule	NOUN
ftr-365	1072	9	for	for	ADP
ftr-365	1072	10	sales	sale	NOUN
ftr-365	1072	11	of	of	ADP
ftr-365	1072	12	property	property	NOUN
ftr-365	1072	13	contained	contain	VERB
ftr-365	1072	14	in	in	ADP
ftr-365	1072	15	irc	irc	PROPN
ftr-365	1072	16	section	section	NOUN
ftr-365	1072	17	865	865	NUM
ftr-365	1072	18	,	,	PUNCT
ftr-365	1072	19	the	the	DET
ftr-365	1072	20	source	source	NOUN
ftr-365	1072	21	of	of	ADP
ftr-365	1072	22	gain	gain	NOUN
ftr-365	1072	23	from	from	ADP
ftr-365	1072	24	such	such	ADJ
ftr-365	1072	25	derivative	derivative	ADJ
ftr-365	1072	26	contracts	contract	NOUN
ftr-365	1072	27	is	be	AUX
ftr-365	1072	28	similar	similar	ADJ
ftr-365	1072	29	to	to	ADP
ftr-365	1072	30	the	the	DET
ftr-365	1072	31	source	source	NOUN
ftr-365	1072	32	of	of	ADP
ftr-365	1072	33	capital	capital	NOUN
ftr-365	1072	34	gain	gain	NOUN
ftr-365	1072	35	.	.	PUNCT
ftr-365	1073	1	250	250	NUM
ftr-365	1073	2	while	while	SCONJ
ftr-365	1073	3	the	the	DET
ftr-365	1073	4	general	general	ADJ
ftr-365	1073	5	consensus	consensus	NOUN
ftr-365	1073	6	among	among	ADP
ftr-365	1073	7	countries	country	NOUN
ftr-365	1073	8	is	be	AUX
ftr-365	1073	9	that	that	DET
ftr-365	1073	10	income	income	NOUN
ftr-365	1073	11	from	from	ADP
ftr-365	1073	12	crossborder	crossborder	NOUN
ftr-365	1073	13	derivatives	derivative	NOUN
ftr-365	1073	14	is	be	AUX
ftr-365	1073	15	taxed	tax	VERB
ftr-365	1073	16	by	by	ADP
ftr-365	1073	17	the	the	DET
ftr-365	1073	18	residency	residency	NOUN
ftr-365	1073	19	country	country	NOUN
ftr-365	1073	20	,	,	PUNCT
ftr-365	1073	21	several	several	ADJ
ftr-365	1073	22	alternatives	alternative	NOUN
ftr-365	1073	23	to	to	PART
ftr-365	1073	24	reach	reach	VERB
ftr-365	1073	25	such	such	ADJ
ftr-365	1073	26	result	result	NOUN
ftr-365	1073	27	have	have	AUX
ftr-365	1073	28	emerged	emerge	VERB
ftr-365	1073	29	.	.	PUNCT
ftr-365	1074	1	251	251	NUM
ftr-365	1074	2	in	in	ADP
ftr-365	1074	3	canada	canada	PROPN
ftr-365	1074	4	,	,	PUNCT
ftr-365	1074	5	for	for	ADP
ftr-365	1074	6	example	example	NOUN
ftr-365	1074	7	,	,	PUNCT
ftr-365	1074	8	a	a	DET
ftr-365	1074	9	different	different	ADJ
ftr-365	1074	10	approach	approach	NOUN
ftr-365	1074	11	but	but	CCONJ
ftr-365	1074	12	with	with	ADP
ftr-365	1074	13	similar	similar	ADJ
ftr-365	1074	14	result	result	NOUN
ftr-365	1074	15	is	be	AUX
ftr-365	1074	16	applied	apply	VERB
ftr-365	1074	17	.	.	PUNCT
ftr-365	1075	1	252	252	NUM
ftr-365	1075	2	in	in	ADP
ftr-365	1075	3	general	general	ADJ
ftr-365	1075	4	,	,	PUNCT
ftr-365	1075	5	if	if	SCONJ
ftr-365	1075	6	a	a	DET
ftr-365	1075	7	non	non	ADJ
ftr-365	1075	8	-	-	ADJ
ftr-365	1075	9	resident	resident	ADJ
ftr-365	1075	10	does	do	AUX
ftr-365	1075	11	not	not	PART
ftr-365	1075	12	have	have	VERB
ftr-365	1075	13	trade	trade	NOUN
ftr-365	1075	14	or	or	CCONJ
ftr-365	1075	15	business	business	NOUN
ftr-365	1075	16	in	in	ADP
ftr-365	1075	17	canada	canada	PROPN
ftr-365	1075	18	,	,	PUNCT
ftr-365	1075	19	payments	payment	NOUN
ftr-365	1075	20	received	receive	VERB
ftr-365	1075	21	by	by	ADP
ftr-365	1075	22	such	such	ADJ
ftr-365	1075	23	non	non	ADJ
ftr-365	1075	24	-	-	ADJ
ftr-365	1075	25	resident	resident	ADJ
ftr-365	1075	26	under	under	ADP
ftr-365	1075	27	options	option	NOUN
ftr-365	1075	28	,	,	PUNCT
ftr-365	1075	29	forward	forward	ADJ
ftr-365	1075	30	contracts	contract	NOUN
ftr-365	1075	31	or	or	CCONJ
ftr-365	1075	32	swaps	swap	NOUN
ftr-365	1075	33	are	be	AUX
ftr-365	1075	34	generally	generally	ADV
ftr-365	1075	35	not	not	PART
ftr-365	1075	36	subject	subject	ADJ
ftr-365	1075	37	to	to	ADP
ftr-365	1075	38	canadian	canadian	ADJ
ftr-365	1075	39	tax	tax	NOUN
ftr-365	1075	40	if	if	SCONJ
ftr-365	1075	41	none	none	NOUN
ftr-365	1075	42	of	of	ADP
ftr-365	1075	43	these	these	DET
ftr-365	1075	44	payments	payment	NOUN
ftr-365	1075	45	can	can	AUX
ftr-365	1075	46	reasonably	reasonably	ADV
ftr-365	1075	47	be	be	AUX
ftr-365	1075	48	characterized	characterize	VERB
ftr-365	1075	49	as	as	ADP
ftr-365	1075	50	interest	interest	NOUN
ftr-365	1075	51	,	,	PUNCT
ftr-365	1075	52	dividend	dividend	NOUN
ftr-365	1075	53	,	,	PUNCT
ftr-365	1075	54	or	or	CCONJ
ftr-365	1075	55	rental	rental	ADJ
ftr-365	1075	56	payments	payment	NOUN
ftr-365	1075	57	(	(	PUNCT
ftr-365	1075	58	which	which	PRON
ftr-365	1075	59	is	be	AUX
ftr-365	1075	60	normally	normally	ADV
ftr-365	1075	61	the	the	DET
ftr-365	1075	62	case	case	NOUN
ftr-365	1075	63	)	)	PUNCT
ftr-365	1075	64	.	.	PUNCT
ftr-365	1076	1	253	253	NUM
ftr-365	1076	2	similarly	similarly	ADV
ftr-365	1076	3	,	,	PUNCT
ftr-365	1076	4	in	in	ADP
ftr-365	1076	5	the	the	DET
ftr-365	1076	6	united	united	ADJ
ftr-365	1076	7	kingdom	kingdom	PROPN
ftr-365	1076	8	:	:	PUNCT
ftr-365	1076	9	income	income	NOUN
ftr-365	1076	10	is	be	AUX
ftr-365	1076	11	a	a	DET
ftr-365	1076	12	resident	resident	NOUN
ftr-365	1076	13	in	in	ADP
ftr-365	1076	14	argentina	argentina	PROPN
ftr-365	1076	15	or	or	CCONJ
ftr-365	1076	16	a	a	DET
ftr-365	1076	17	domestic	domestic	ADJ
ftr-365	1076	18	permanent	permanent	ADJ
ftr-365	1076	19	establishment	establishment	NOUN
ftr-365	1076	20	of	of	ADP
ftr-365	1076	21	a	a	DET
ftr-365	1076	22	foreign	foreign	ADJ
ftr-365	1076	23	company	company	NOUN
ftr-365	1076	24	.	.	PUNCT
ftr-365	1076	25	”	"	PUNCT
ftr-365	1077	1	i	i	PRON
ftr-365	1077	2	d.	d.	PROPN
ftr-365	1077	3	see	see	VERB
ftr-365	1077	4	also	also	ADV
ftr-365	1077	5	mario	mario	PROPN
ftr-365	1077	6	andrade	andrade	PROPN
ftr-365	1077	7	,	,	PUNCT
ftr-365	1077	8	a	a	DET
ftr-365	1077	9	tax	tax	NOUN
ftr-365	1077	10	overview	overview	NOUN
ftr-365	1077	11	of	of	ADP
ftr-365	1077	12	derivatives	derivative	NOUN
ftr-365	1077	13	transactions	transaction	NOUN
ftr-365	1077	14	in	in	ADP
ftr-365	1077	15	colombia	colombia	PROPN
ftr-365	1077	16	,	,	PUNCT
ftr-365	1077	17	22	22	NUM
ftr-365	1077	18	tax	tax	NOUN
ftr-365	1077	19	notes	note	NOUN
ftr-365	1077	20	int’l	int’l	ADJ
ftr-365	1077	21	3080	3080	NUM
ftr-365	1077	22	(	(	PUNCT
ftr-365	1077	23	june	june	PROPN
ftr-365	1077	24	1	1	NUM
ftr-365	1077	25	,	,	PUNCT
ftr-365	1077	26	2001	2001	NUM
ftr-365	1077	27	)	)	PUNCT
ftr-365	1077	28	(	(	PUNCT
ftr-365	1077	29	“	"	PUNCT
ftr-365	1077	30	if	if	SCONJ
ftr-365	1077	31	the	the	DET
ftr-365	1077	32	transaction	transaction	NOUN
ftr-365	1077	33	is	be	AUX
ftr-365	1077	34	cross	cross	ADJ
ftr-365	1077	35	-	-	ADJ
ftr-365	1077	36	border	border	NOUN
ftr-365	1077	37	between	between	ADP
ftr-365	1077	38	a	a	DET
ftr-365	1077	39	resident	resident	NOUN
ftr-365	1077	40	and	and	CCONJ
ftr-365	1077	41	a	a	DET
ftr-365	1077	42	nonresident	nonresident	NOUN
ftr-365	1077	43	,	,	PUNCT
ftr-365	1077	44	it	it	PRON
ftr-365	1077	45	must	must	AUX
ftr-365	1077	46	be	be	AUX
ftr-365	1077	47	determined	determine	VERB
ftr-365	1077	48	where	where	SCONJ
ftr-365	1077	49	the	the	DET
ftr-365	1077	50	coverage	coverage	NOUN
ftr-365	1077	51	service	service	NOUN
ftr-365	1077	52	is	be	AUX
ftr-365	1077	53	rendered	render	VERB
ftr-365	1077	54	.	.	PUNCT
ftr-365	1078	1	if	if	SCONJ
ftr-365	1078	2	the	the	DET
ftr-365	1078	3	services	service	NOUN
ftr-365	1078	4	are	be	AUX
ftr-365	1078	5	rendered	render	VERB
ftr-365	1078	6	by	by	ADP
ftr-365	1078	7	a	a	DET
ftr-365	1078	8	colombian	colombian	ADJ
ftr-365	1078	9	resident	resident	NOUN
ftr-365	1078	10	,	,	PUNCT
ftr-365	1078	11	any	any	DET
ftr-365	1078	12	payment	payment	NOUN
ftr-365	1078	13	abroad	abroad	ADV
ftr-365	1078	14	is	be	AUX
ftr-365	1078	15	considered	consider	VERB
ftr-365	1078	16	as	as	ADP
ftr-365	1078	17	national	national	ADJ
ftr-365	1078	18	-	-	PUNCT
ftr-365	1078	19	source	source	NOUN
ftr-365	1078	20	income	income	NOUN
ftr-365	1078	21	subject	subject	NOUN
ftr-365	1078	22	to	to	ADP
ftr-365	1078	23	colombia	colombia	PROPN
ftr-365	1078	24	’s	’s	PART
ftr-365	1078	25	35	35	NUM
ftr-365	1078	26	%	%	NOUN
ftr-365	1078	27	corporate	corporate	ADJ
ftr-365	1078	28	income	income	NOUN
ftr-365	1078	29	tax	tax	NOUN
ftr-365	1078	30	,	,	PUNCT
ftr-365	1078	31	plus	plus	CCONJ
ftr-365	1078	32	an	an	DET
ftr-365	1078	33	additional	additional	ADJ
ftr-365	1078	34	7	7	NUM
ftr-365	1078	35	%	%	NOUN
ftr-365	1078	36	remittance	remittance	NOUN
ftr-365	1078	37	tax	tax	NOUN
ftr-365	1078	38	,	,	PUNCT
ftr-365	1078	39	net	net	NOUN
ftr-365	1078	40	of	of	ADP
ftr-365	1078	41	income	income	NOUN
ftr-365	1078	42	tax	tax	NOUN
ftr-365	1078	43	,	,	PUNCT
ftr-365	1078	44	for	for	ADP
ftr-365	1078	45	a	a	DET
ftr-365	1078	46	fixed	fix	VERB
ftr-365	1078	47	39.55	39.55	NUM
ftr-365	1078	48	%	%	NOUN
ftr-365	1078	49	rate	rate	NOUN
ftr-365	1078	50	.	.	PUNCT
ftr-365	1078	51	”	"	PUNCT
ftr-365	1078	52	)	)	PUNCT
ftr-365	1078	53	.	.	PUNCT
ftr-365	1079	1	248	248	NUM
ftr-365	1079	2	.	.	PUNCT
ftr-365	1080	1	see	see	VERB
ftr-365	1080	2	avi	avi	PROPN
ftr-365	1080	3	-	-	PUNCT
ftr-365	1080	4	yonah	yonah	PROPN
ftr-365	1080	5	&	&	CCONJ
ftr-365	1080	6	swartz	swartz	PROPN
ftr-365	1080	7	(	(	PUNCT
ftr-365	1080	8	1997	1997	NUM
ftr-365	1080	9	)	)	PUNCT
ftr-365	1080	10	,	,	PUNCT
ftr-365	1080	11	supra	supra	PROPN
ftr-365	1080	12	note	note	NOUN
ftr-365	1080	13	39	39	NUM
ftr-365	1080	14	.	.	PUNCT
ftr-365	1081	1	see	see	VERB
ftr-365	1081	2	also	also	ADV
ftr-365	1081	3	keinan	keinan	X
ftr-365	1081	4	(	(	PUNCT
ftr-365	1081	5	2007	2007	NUM
ftr-365	1081	6	)	)	PUNCT
ftr-365	1081	7	,	,	PUNCT
ftr-365	1081	8	supra	supra	PROPN
ftr-365	1081	9	note	note	NOUN
ftr-365	1081	10	32	32	NUM
ftr-365	1081	11	,	,	PUNCT
ftr-365	1081	12	at	at	ADP
ftr-365	1081	13	143	143	NUM
ftr-365	1081	14	.	.	PUNCT
ftr-365	1082	1	irc	irc	PROPN
ftr-365	1082	2	§	§	PROPN
ftr-365	1082	3	865(j)(2	865(j)(2	NUM
ftr-365	1082	4	)	)	PUNCT
ftr-365	1082	5	gave	give	VERB
ftr-365	1082	6	the	the	DET
ftr-365	1082	7	irs	irs	PROPN
ftr-365	1082	8	the	the	DET
ftr-365	1082	9	authority	authority	NOUN
ftr-365	1082	10	to	to	PART
ftr-365	1082	11	issue	issue	VERB
ftr-365	1082	12	regulations	regulation	NOUN
ftr-365	1082	13	pertaining	pertain	VERB
ftr-365	1082	14	to	to	ADP
ftr-365	1082	15	the	the	DET
ftr-365	1082	16	source	source	NOUN
ftr-365	1082	17	of	of	ADP
ftr-365	1082	18	income	income	NOUN
ftr-365	1082	19	from	from	ADP
ftr-365	1082	20	forward	forward	ADJ
ftr-365	1082	21	contracts	contract	NOUN
ftr-365	1082	22	,	,	PUNCT
ftr-365	1082	23	but	but	CCONJ
ftr-365	1082	24	such	such	ADJ
ftr-365	1082	25	regulations	regulation	NOUN
ftr-365	1082	26	have	have	VERB
ftr-365	1082	27	yet	yet	ADV
ftr-365	1082	28	to	to	PART
ftr-365	1082	29	be	be	AUX
ftr-365	1082	30	issued	issue	VERB
ftr-365	1082	31	.	.	PUNCT
ftr-365	1083	1	i	i	PRON
ftr-365	1083	2	d.	d.	PROPN
ftr-365	1083	3	249	249	NUM
ftr-365	1083	4	.	.	PUNCT
ftr-365	1084	1	i	i	PRON
ftr-365	1084	2	d.	d.	PROPN
ftr-365	1084	3	250	250	NUM
ftr-365	1084	4	.	.	PUNCT
ftr-365	1085	1	see	see	VERB
ftr-365	1085	2	keinan	keinan	NOUN
ftr-365	1085	3	(	(	PUNCT
ftr-365	1085	4	2007	2007	NUM
ftr-365	1085	5	)	)	PUNCT
ftr-365	1085	6	,	,	PUNCT
ftr-365	1085	7	supra	supra	PROPN
ftr-365	1085	8	note	note	NOUN
ftr-365	1085	9	32	32	NUM
ftr-365	1085	10	,	,	PUNCT
ftr-365	1085	11	at	at	ADP
ftr-365	1085	12	143	143	NUM
ftr-365	1085	13	.	.	PUNCT
ftr-365	1086	1	see	see	VERB
ftr-365	1086	2	also	also	ADV
ftr-365	1086	3	may	may	AUX
ftr-365	1086	4	,	,	PUNCT
ftr-365	1086	5	supra	supra	PROPN
ftr-365	1086	6	note	note	VERB
ftr-365	1086	7	6	6	NUM
ftr-365	1086	8	(	(	PUNCT
ftr-365	1086	9	explaining	explain	VERB
ftr-365	1086	10	that	that	SCONJ
ftr-365	1086	11	“	"	PUNCT
ftr-365	1086	12	the	the	DET
ftr-365	1086	13	income	income	NOUN
ftr-365	1086	14	realized	realize	VERB
ftr-365	1086	15	from	from	ADP
ftr-365	1086	16	forwards	forward	NOUN
ftr-365	1086	17	,	,	PUNCT
ftr-365	1086	18	futures	future	NOUN
ftr-365	1086	19	,	,	PUNCT
ftr-365	1086	20	and	and	CCONJ
ftr-365	1086	21	options	option	NOUN
ftr-365	1086	22	is	be	AUX
ftr-365	1086	23	gain	gain	NOUN
ftr-365	1086	24	.	.	PUNCT
ftr-365	1087	1	unless	unless	SCONJ
ftr-365	1087	2	the	the	DET
ftr-365	1087	3	gain	gain	NOUN
ftr-365	1087	4	is	be	AUX
ftr-365	1087	5	connected	connect	VERB
ftr-365	1087	6	with	with	ADP
ftr-365	1087	7	a	a	DET
ftr-365	1087	8	u.s	u.s	PROPN
ftr-365	1087	9	.	.	PROPN
ftr-365	1087	10	business	business	PROPN
ftr-365	1087	11	or	or	CCONJ
ftr-365	1087	12	u.s	u.s	PROPN
ftr-365	1087	13	.	.	PROPN
ftr-365	1087	14	real	real	ADJ
ftr-365	1087	15	estate	estate	NOUN
ftr-365	1087	16	,	,	PUNCT
ftr-365	1087	17	[	[	PUNCT
ftr-365	1087	18	footnote	footnote	NOUN
ftr-365	1087	19	omitted	omit	VERB
ftr-365	1087	20	]	]	PUNCT
ftr-365	1087	21	it	it	PRON
ftr-365	1087	22	is	be	AUX
ftr-365	1087	23	not	not	PART
ftr-365	1087	24	u.s.-source	u.s.-source	ADJ
ftr-365	1087	25	income	income	NOUN
ftr-365	1087	26	because	because	SCONJ
ftr-365	1087	27	it	it	PRON
ftr-365	1087	28	takes	take	VERB
ftr-365	1087	29	its	its	PRON
ftr-365	1087	30	source	source	NOUN
ftr-365	1087	31	from	from	ADP
ftr-365	1087	32	the	the	DET
ftr-365	1087	33	recipient	recipient	NOUN
ftr-365	1087	34	’s	’s	PART
ftr-365	1087	35	foreign	foreign	ADJ
ftr-365	1087	36	residence	residence	NOUN
ftr-365	1087	37	.	.	PUNCT
ftr-365	1087	38	”	"	PUNCT
ftr-365	1087	39	)	)	PUNCT
ftr-365	1087	40	;	;	PUNCT
ftr-365	1087	41	david	david	PROPN
ftr-365	1087	42	f.	f.	PROPN
ftr-365	1087	43	levy	levy	PROPN
ftr-365	1087	44	,	,	PUNCT
ftr-365	1087	45	towards	towards	ADP
ftr-365	1087	46	equal	equal	ADJ
ftr-365	1087	47	tax	tax	NOUN
ftr-365	1087	48	treatment	treatment	NOUN
ftr-365	1087	49	of	of	ADP
ftr-365	1087	50	economically	economically	ADV
ftr-365	1087	51	equivalent	equivalent	ADJ
ftr-365	1087	52	financial	financial	ADJ
ftr-365	1087	53	instruments	instrument	NOUN
ftr-365	1087	54	:	:	PUNCT
ftr-365	1087	55	proposals	proposal	NOUN
ftr-365	1087	56	for	for	ADP
ftr-365	1087	57	taxing	tax	VERB
ftr-365	1087	58	prepaid	prepaid	ADJ
ftr-365	1087	59	forward	forward	ADJ
ftr-365	1087	60	contracts	contract	NOUN
ftr-365	1087	61	,	,	PUNCT
ftr-365	1087	62	equity	equity	NOUN
ftr-365	1087	63	swaps	swap	NOUN
ftr-365	1087	64	,	,	PUNCT
ftr-365	1087	65	and	and	CCONJ
ftr-365	1087	66	certain	certain	ADJ
ftr-365	1087	67	contingent	contingent	ADJ
ftr-365	1087	68	debt	debt	NOUN
ftr-365	1087	69	instruments	instrument	NOUN
ftr-365	1087	70	,	,	PUNCT
ftr-365	1087	71	97	97	NUM
ftr-365	1087	72	tnt	tnt	NOUN
ftr-365	1087	73	188	188	NUM
ftr-365	1087	74	-	-	SYM
ftr-365	1087	75	98	98	NUM
ftr-365	1087	76	(	(	PUNCT
ftr-365	1087	77	sep	sep	PROPN
ftr-365	1087	78	.	.	PROPN
ftr-365	1087	79	25	25	NUM
ftr-365	1087	80	,	,	PUNCT
ftr-365	1087	81	1997	1997	NUM
ftr-365	1087	82	)	)	PUNCT
ftr-365	1087	83	.	.	PUNCT
ftr-365	1088	1	251	251	NUM
ftr-365	1088	2	.	.	PUNCT
ftr-365	1089	1	see	see	VERB
ftr-365	1089	2	rosenbloom	rosenbloom	NOUN
ftr-365	1089	3	,	,	PUNCT
ftr-365	1089	4	supra	supra	PROPN
ftr-365	1089	5	note	note	NOUN
ftr-365	1089	6	32	32	NUM
ftr-365	1089	7	,	,	PUNCT
ftr-365	1089	8	at	at	ADP
ftr-365	1089	9	603	603	NUM
ftr-365	1089	10	,	,	PUNCT
ftr-365	1089	11	citing	cite	VERB
ftr-365	1089	12	the	the	DET
ftr-365	1089	13	ifa	ifa	PROPN
ftr-365	1089	14	report	report	NOUN
ftr-365	1089	15	(	(	PUNCT
ftr-365	1089	16	1995	1995	NUM
ftr-365	1089	17	)	)	PUNCT
ftr-365	1089	18	,	,	PUNCT
ftr-365	1089	19	supra	supra	PROPN
ftr-365	1089	20	note	note	PROPN
ftr-365	1089	21	35	35	NUM
ftr-365	1089	22	.	.	PUNCT
ftr-365	1089	23	252	252	NUM
ftr-365	1089	24	.	.	PUNCT
ftr-365	1090	1	see	see	PROPN
ftr-365	1090	2	bernstein	bernstein	PROPN
ftr-365	1090	3	,	,	PUNCT
ftr-365	1090	4	jack	jack	PROPN
ftr-365	1090	5	,	,	PUNCT
ftr-365	1090	6	jondahl	jondahl	PROPN
ftr-365	1090	7	,	,	PUNCT
ftr-365	1090	8	sky	sky	PROPN
ftr-365	1090	9	&	&	CCONJ
ftr-365	1090	10	nicholls	nicholls	PROPN
ftr-365	1090	11	,	,	PUNCT
ftr-365	1090	12	andrew	andrew	PROPN
ftr-365	1090	13	,	,	PUNCT
ftr-365	1090	14	the	the	DET
ftr-365	1090	15	canadian	canadian	ADJ
ftr-365	1090	16	treatment	treatment	NOUN
ftr-365	1090	17	of	of	ADP
ftr-365	1090	18	derivatives	derivative	NOUN
ftr-365	1090	19	,	,	PUNCT
ftr-365	1090	20	37	37	NUM
ftr-365	1090	21	tax	tax	NOUN
ftr-365	1090	22	notes	note	NOUN
ftr-365	1090	23	int’l	int’l	X
ftr-365	1090	24	587	587	NUM
ftr-365	1090	25	(	(	PUNCT
ftr-365	1090	26	2005	2005	NUM
ftr-365	1090	27	)	)	PUNCT
ftr-365	1090	28	.	.	PUNCT
ftr-365	1091	1	253	253	NUM
ftr-365	1091	2	.	.	PUNCT
ftr-365	1092	1	i	i	PRON
ftr-365	1092	2	d.	d.	PROPN
ftr-365	1092	3	2008	2008	NUM
ftr-365	1092	4	]	]	PUNCT
ftr-365	1093	1	the	the	DET
ftr-365	1093	2	case	case	NOUN
ftr-365	1093	3	for	for	ADP
ftr-365	1093	4	residency	residency	NOUN
ftr-365	1093	5	-	-	PUNCT
ftr-365	1093	6	based	base	VERB
ftr-365	1093	7	taxation	taxation	NOUN
ftr-365	1093	8	47	47	NUM
ftr-365	1093	9	payments	payment	NOUN
ftr-365	1093	10	made	make	VERB
ftr-365	1093	11	in	in	ADP
ftr-365	1093	12	respect	respect	NOUN
ftr-365	1093	13	of	of	ADP
ftr-365	1093	14	derivative	derivative	ADJ
ftr-365	1093	15	contracts	contract	NOUN
ftr-365	1093	16	have	have	AUX
ftr-365	1093	17	traditionally	traditionally	ADV
ftr-365	1093	18	fallen	fall	VERB
ftr-365	1093	19	outside	outside	ADP
ftr-365	1093	20	withholding	withholding	NOUN
ftr-365	1093	21	tax	tax	NOUN
ftr-365	1093	22	requirements	requirement	NOUN
ftr-365	1093	23	and	and	CCONJ
ftr-365	1093	24	this	this	PRON
ftr-365	1093	25	has	have	AUX
ftr-365	1093	26	been	be	AUX
ftr-365	1093	27	confirmed	confirm	VERB
ftr-365	1093	28	in	in	ADP
ftr-365	1093	29	the	the	DET
ftr-365	1093	30	2002	2002	NUM
ftr-365	1093	31	rules	rule	NOUN
ftr-365	1093	32	.	.	PUNCT
ftr-365	1094	1	however	however	ADV
ftr-365	1094	2	,	,	PUNCT
ftr-365	1094	3	although	although	SCONJ
ftr-365	1094	4	derivative	derivative	ADJ
ftr-365	1094	5	payments	payment	NOUN
ftr-365	1094	6	themselves	themselves	PRON
ftr-365	1094	7	may	may	AUX
ftr-365	1094	8	not	not	PART
ftr-365	1094	9	be	be	AUX
ftr-365	1094	10	subject	subject	ADJ
ftr-365	1094	11	to	to	ADP
ftr-365	1094	12	withholding	withholding	NOUN
ftr-365	1094	13	tax	tax	NOUN
ftr-365	1094	14	,	,	PUNCT
ftr-365	1094	15	derivative	derivative	ADJ
ftr-365	1094	16	contracts	contract	NOUN
ftr-365	1094	17	may	may	AUX
ftr-365	1094	18	include	include	VERB
ftr-365	1094	19	items	item	NOUN
ftr-365	1094	20	such	such	ADJ
ftr-365	1094	21	as	as	ADP
ftr-365	1094	22	interest	interest	NOUN
ftr-365	1094	23	payments	payment	NOUN
ftr-365	1094	24	that	that	PRON
ftr-365	1094	25	are	be	AUX
ftr-365	1094	26	currently	currently	ADV
ftr-365	1094	27	,	,	PUNCT
ftr-365	1094	28	and	and	CCONJ
ftr-365	1094	29	that	that	PRON
ftr-365	1094	30	continue	continue	VERB
ftr-365	1094	31	to	to	PART
ftr-365	1094	32	be	be	AUX
ftr-365	1094	33	,	,	PUNCT
ftr-365	1094	34	subject	subject	ADJ
ftr-365	1094	35	to	to	ADP
ftr-365	1094	36	the	the	DET
ftr-365	1094	37	withholding	withholding	NOUN
ftr-365	1094	38	tax	tax	NOUN
ftr-365	1094	39	provisions	provision	NOUN
ftr-365	1094	40	.	.	PUNCT
ftr-365	1095	1	254	254	NUM
ftr-365	1095	2	the	the	DET
ftr-365	1095	3	source	source	NOUN
ftr-365	1095	4	rules	rule	NOUN
ftr-365	1095	5	pertaining	pertain	VERB
ftr-365	1095	6	to	to	ADP
ftr-365	1095	7	periodic	periodic	ADJ
ftr-365	1095	8	payments	payment	NOUN
ftr-365	1095	9	on	on	ADP
ftr-365	1095	10	notional	notional	ADJ
ftr-365	1095	11	principal	principal	ADJ
ftr-365	1095	12	contracts	contract	NOUN
ftr-365	1095	13	in	in	ADP
ftr-365	1095	14	the	the	DET
ftr-365	1095	15	united	united	PROPN
ftr-365	1095	16	states	states	PROPN
ftr-365	1095	17	were	be	AUX
ftr-365	1095	18	first	first	ADV
ftr-365	1095	19	established	establish	VERB
ftr-365	1095	20	by	by	ADP
ftr-365	1095	21	the	the	DET
ftr-365	1095	22	irs	irs	PROPN
ftr-365	1095	23	in	in	ADP
ftr-365	1095	24	1987	1987	NUM
ftr-365	1095	25	,	,	PUNCT
ftr-365	1095	26	255	255	NUM
ftr-365	1095	27	and	and	CCONJ
ftr-365	1095	28	shortly	shortly	ADV
ftr-365	1095	29	after	after	ADV
ftr-365	1095	30	were	be	AUX
ftr-365	1095	31	regulated	regulate	VERB
ftr-365	1095	32	under	under	ADP
ftr-365	1095	33	treas	treas	PROPN
ftr-365	1095	34	.	.	PUNCT
ftr-365	1096	1	regs	regs	PROPN
ftr-365	1096	2	.	.	PUNCT
ftr-365	1097	1	section	section	NOUN
ftr-365	1097	2	1.863	1.863	NUM
ftr-365	1097	3	-	-	SYM
ftr-365	1097	4	7(b	7(b	NOUN
ftr-365	1097	5	)	)	PUNCT
ftr-365	1097	6	.	.	PUNCT
ftr-365	1098	1	although	although	SCONJ
ftr-365	1098	2	not	not	PART
ftr-365	1098	3	stated	state	VERB
ftr-365	1098	4	formally	formally	ADV
ftr-365	1098	5	,	,	PUNCT
ftr-365	1098	6	the	the	DET
ftr-365	1098	7	reason	reason	NOUN
ftr-365	1098	8	for	for	ADP
ftr-365	1098	9	the	the	DET
ftr-365	1098	10	special	special	ADJ
ftr-365	1098	11	rule	rule	NOUN
ftr-365	1098	12	was	be	AUX
ftr-365	1098	13	to	to	PART
ftr-365	1098	14	permit	permit	VERB
ftr-365	1098	15	cross	cross	ADJ
ftr-365	1098	16	-	-	ADJ
ftr-365	1098	17	border	border	ADJ
ftr-365	1098	18	notional	notional	ADJ
ftr-365	1098	19	principal	principal	ADJ
ftr-365	1098	20	contracts	contract	NOUN
ftr-365	1098	21	without	without	ADP
ftr-365	1098	22	the	the	DET
ftr-365	1098	23	impediment	impediment	NOUN
ftr-365	1098	24	of	of	ADP
ftr-365	1098	25	a	a	DET
ftr-365	1098	26	withholding	withholding	NOUN
ftr-365	1098	27	tax	tax	NOUN
ftr-365	1098	28	.	.	PUNCT
ftr-365	1099	1	256	256	NUM
ftr-365	1099	2	this	this	DET
ftr-365	1099	3	principle	principle	NOUN
ftr-365	1099	4	is	be	AUX
ftr-365	1099	5	consistent	consistent	ADJ
ftr-365	1099	6	,	,	PUNCT
ftr-365	1099	7	of	of	ADP
ftr-365	1099	8	course	course	NOUN
ftr-365	1099	9	,	,	PUNCT
ftr-365	1099	10	with	with	ADP
ftr-365	1099	11	the	the	DET
ftr-365	1099	12	recommendations	recommendation	NOUN
ftr-365	1099	13	in	in	ADP
ftr-365	1099	14	the	the	DET
ftr-365	1099	15	ifa	ifa	PROPN
ftr-365	1099	16	report	report	PROPN
ftr-365	1099	17	(	(	PUNCT
ftr-365	1099	18	1995	1995	NUM
ftr-365	1099	19	)	)	PUNCT
ftr-365	1099	20	that	that	PRON
ftr-365	1099	21	is	be	AUX
ftr-365	1099	22	discussed	discuss	VERB
ftr-365	1099	23	below	below	ADV
ftr-365	1099	24	.	.	PUNCT
ftr-365	1100	1	i	i	PRON
ftr-365	1100	2	can	can	AUX
ftr-365	1100	3	think	think	VERB
ftr-365	1100	4	of	of	ADP
ftr-365	1100	5	no	no	DET
ftr-365	1100	6	reason	reason	NOUN
ftr-365	1100	7	why	why	SCONJ
ftr-365	1100	8	this	this	DET
ftr-365	1100	9	policy	policy	NOUN
ftr-365	1100	10	should	should	AUX
ftr-365	1100	11	not	not	PART
ftr-365	1100	12	equally	equally	ADV
ftr-365	1100	13	apply	apply	VERB
ftr-365	1100	14	to	to	ADP
ftr-365	1100	15	developing	develop	VERB
ftr-365	1100	16	countries	country	NOUN
ftr-365	1100	17	.	.	PUNCT
ftr-365	1101	1	257	257	NUM
ftr-365	1101	2	as	as	SCONJ
ftr-365	1101	3	stated	state	VERB
ftr-365	1101	4	above	above	ADV
ftr-365	1101	5	,	,	PUNCT
ftr-365	1101	6	the	the	DET
ftr-365	1101	7	opposite	opposite	ADJ
ftr-365	1101	8	policy	policy	NOUN
ftr-365	1101	9	would	would	AUX
ftr-365	1101	10	not	not	PART
ftr-365	1101	11	result	result	VERB
ftr-365	1101	12	in	in	ADP
ftr-365	1101	13	the	the	DET
ftr-365	1101	14	collection	collection	NOUN
ftr-365	1101	15	of	of	ADP
ftr-365	1101	16	any	any	DET
ftr-365	1101	17	tax	tax	NOUN
ftr-365	1101	18	revenues	revenue	NOUN
ftr-365	1101	19	;	;	PUNCT
ftr-365	1101	20	it	it	PRON
ftr-365	1101	21	would	would	AUX
ftr-365	1101	22	simply	simply	ADV
ftr-365	1101	23	eliminate	eliminate	VERB
ftr-365	1101	24	foreign	foreign	ADJ
ftr-365	1101	25	persons	person	NOUN
ftr-365	1101	26	as	as	ADP
ftr-365	1101	27	potential	potential	ADJ
ftr-365	1101	28	counter	counter	NOUN
ftr-365	1101	29	-	-	NOUN
ftr-365	1101	30	parties	party	NOUN
ftr-365	1101	31	for	for	ADP
ftr-365	1101	32	derivative	derivative	ADJ
ftr-365	1101	33	transactions	transaction	NOUN
ftr-365	1101	34	.	.	PUNCT
ftr-365	1102	1	in	in	ADP
ftr-365	1102	2	general	general	ADJ
ftr-365	1102	3	,	,	PUNCT
ftr-365	1102	4	derivatives	derivative	NOUN
ftr-365	1102	5	are	be	AUX
ftr-365	1102	6	mainly	mainly	ADV
ftr-365	1102	7	used	use	VERB
ftr-365	1102	8	for	for	ADP
ftr-365	1102	9	hedging	hedging	NOUN
ftr-365	1102	10	and	and	CCONJ
ftr-365	1102	11	speculation	speculation	NOUN
ftr-365	1102	12	purposes	purpose	NOUN
ftr-365	1102	13	.	.	PUNCT
ftr-365	1103	1	258	258	NUM
ftr-365	1103	2	with	with	ADP
ftr-365	1103	3	respect	respect	NOUN
ftr-365	1103	4	to	to	ADP
ftr-365	1103	5	hedging	hedging	NOUN
ftr-365	1103	6	,	,	PUNCT
ftr-365	1103	7	it	it	PRON
ftr-365	1103	8	is	be	AUX
ftr-365	1103	9	generally	generally	ADV
ftr-365	1103	10	accepted	accept	VERB
ftr-365	1103	11	that	that	SCONJ
ftr-365	1103	12	risk	risk	NOUN
ftr-365	1103	13	management	management	NOUN
ftr-365	1103	14	is	be	AUX
ftr-365	1103	15	a	a	DET
ftr-365	1103	16	crucial	crucial	ADJ
ftr-365	1103	17	element	element	NOUN
ftr-365	1103	18	in	in	ADP
ftr-365	1103	19	every	every	DET
ftr-365	1103	20	254	254	NUM
ftr-365	1103	21	.	.	PUNCT
ftr-365	1104	1	see	see	VERB
ftr-365	1104	2	generally	generally	ADV
ftr-365	1104	3	moncrieff	moncrieff	NOUN
ftr-365	1104	4	,	,	PUNCT
ftr-365	1104	5	supra	supra	PROPN
ftr-365	1104	6	note	note	NOUN
ftr-365	1104	7	205	205	NUM
ftr-365	1104	8	.	.	PUNCT
ftr-365	1105	1	255	255	NUM
ftr-365	1105	2	.	.	PUNCT
ftr-365	1106	1	see	see	AUX
ftr-365	1106	2	rev	rev	PROPN
ftr-365	1106	3	.	.	PROPN
ftr-365	1106	4	rul	rul	PROPN
ftr-365	1106	5	.	.	PUNCT
ftr-365	1107	1	87	87	NUM
ftr-365	1107	2	-	-	SYM
ftr-365	1107	3	5	5	NUM
ftr-365	1107	4	,	,	PUNCT
ftr-365	1107	5	1987	1987	NUM
ftr-365	1107	6	-	-	SYM
ftr-365	1107	7	1	1	NUM
ftr-365	1107	8	c.b	c.b	PROPN
ftr-365	1107	9	.	.	PROPN
ftr-365	1107	10	180	180	NUM
ftr-365	1107	11	.	.	NOUN
ftr-365	1108	1	two	two	NUM
ftr-365	1108	2	years	year	NOUN
ftr-365	1108	3	before	before	ADV
ftr-365	1108	4	,	,	PUNCT
ftr-365	1108	5	the	the	DET
ftr-365	1108	6	new	new	PROPN
ftr-365	1108	7	york	york	PROPN
ftr-365	1108	8	state	state	PROPN
ftr-365	1108	9	bar	bar	NOUN
ftr-365	1108	10	tax	tax	NOUN
ftr-365	1108	11	ass’n	ass’n	NOUN
ftr-365	1108	12	section	section	NOUN
ftr-365	1108	13	issued	issue	VERB
ftr-365	1108	14	a	a	DET
ftr-365	1108	15	report	report	NOUN
ftr-365	1108	16	that	that	PRON
ftr-365	1108	17	advocated	advocate	VERB
ftr-365	1108	18	no	no	DET
ftr-365	1108	19	withholding	withholding	NOUN
ftr-365	1108	20	tax	tax	NOUN
ftr-365	1108	21	on	on	ADP
ftr-365	1108	22	swap	swap	NOUN
ftr-365	1108	23	payments	payment	NOUN
ftr-365	1108	24	.	.	PUNCT
ftr-365	1109	1	see	see	VERB
ftr-365	1109	2	new	new	PROPN
ftr-365	1109	3	york	york	PROPN
ftr-365	1109	4	state	state	PROPN
ftr-365	1109	5	bar	bar	PROPN
ftr-365	1109	6	association	association	NOUN
ftr-365	1109	7	examines	examine	VERB
ftr-365	1109	8	whether	whether	SCONJ
ftr-365	1109	9	payments	payment	NOUN
ftr-365	1109	10	to	to	PART
ftr-365	1109	11	foreigner	foreigner	VERB
ftr-365	1109	12	in	in	ADP
ftr-365	1109	13	interest	interest	NOUN
ftr-365	1109	14	rate	rate	NOUN
ftr-365	1109	15	swap	swap	NOUN
ftr-365	1109	16	agreement	agreement	NOUN
ftr-365	1109	17	are	be	AUX
ftr-365	1109	18	subject	subject	ADJ
ftr-365	1109	19	to	to	ADP
ftr-365	1109	20	withholding	withholding	NOUN
ftr-365	1109	21	,	,	PUNCT
ftr-365	1109	22	85	85	NUM
ftr-365	1109	23	tnt	tnt	PROPN
ftr-365	1109	24	11852	11852	NUM
ftr-365	1109	25	.	.	PUNCT
ftr-365	1110	1	256	256	NUM
ftr-365	1110	2	.	.	X
ftr-365	1110	3	see	see	VERB
ftr-365	1110	4	rosenbloom	rosenbloom	NOUN
ftr-365	1110	5	,	,	PUNCT
ftr-365	1110	6	supra	supra	PROPN
ftr-365	1110	7	note	note	PROPN
ftr-365	1110	8	32	32	NUM
ftr-365	1110	9	;	;	PUNCT
ftr-365	1110	10	thuronyi	thuronyi	PROPN
ftr-365	1110	11	,	,	PUNCT
ftr-365	1110	12	supra	supra	PROPN
ftr-365	1110	13	note	note	NOUN
ftr-365	1110	14	10	10	NUM
ftr-365	1110	15	.	.	PUNCT
ftr-365	1110	16	257	257	NUM
ftr-365	1110	17	.	.	PUNCT
ftr-365	1111	1	see	see	VERB
ftr-365	1111	2	in	in	ADP
ftr-365	1111	3	general	general	ADJ
ftr-365	1111	4	keinan	keinan	NOUN
ftr-365	1111	5	(	(	PUNCT
ftr-365	1111	6	2007	2007	NUM
ftr-365	1111	7	)	)	PUNCT
ftr-365	1111	8	,	,	PUNCT
ftr-365	1111	9	supra	supra	PROPN
ftr-365	1111	10	note	note	NOUN
ftr-365	1111	11	32	32	NUM
ftr-365	1111	12	.	.	PUNCT
ftr-365	1112	1	258	258	NUM
ftr-365	1112	2	.	.	PUNCT
ftr-365	1113	1	rosenbloom	rosenbloom	NOUN
ftr-365	1113	2	,	,	PUNCT
ftr-365	1113	3	supra	supra	PROPN
ftr-365	1113	4	note	note	NOUN
ftr-365	1113	5	32	32	NUM
ftr-365	1113	6	,	,	PUNCT
ftr-365	1113	7	at	at	ADP
ftr-365	1113	8	597	597	NUM
ftr-365	1113	9	-	-	SYM
ftr-365	1113	10	98	98	NUM
ftr-365	1113	11	(	(	PUNCT
ftr-365	1113	12	“	"	PUNCT
ftr-365	1113	13	a	a	DET
ftr-365	1113	14	derivative	derivative	ADJ
ftr-365	1113	15	financial	financial	ADJ
ftr-365	1113	16	instrument	instrument	NOUN
ftr-365	1113	17	is	be	AUX
ftr-365	1113	18	a	a	DET
ftr-365	1113	19	device	device	NOUN
ftr-365	1113	20	used	use	VERB
ftr-365	1113	21	to	to	PART
ftr-365	1113	22	shift	shift	VERB
ftr-365	1113	23	risk	risk	NOUN
ftr-365	1113	24	from	from	ADP
ftr-365	1113	25	one	one	NUM
ftr-365	1113	26	party	party	NOUN
ftr-365	1113	27	to	to	ADP
ftr-365	1113	28	another	another	PRON
ftr-365	1113	29	.	.	PUNCT
ftr-365	1114	1	on	on	ADP
ftr-365	1114	2	this	this	DET
ftr-365	1114	3	fundamental	fundamental	ADJ
ftr-365	1114	4	point	point	NOUN
ftr-365	1114	5	,	,	PUNCT
ftr-365	1114	6	derivatives	derivative	NOUN
ftr-365	1114	7	resemble	resemble	VERB
ftr-365	1114	8	insurance	insurance	NOUN
ftr-365	1114	9	,	,	PUNCT
ftr-365	1114	10	a	a	DET
ftr-365	1114	11	concept	concept	NOUN
ftr-365	1114	12	familiar	familiar	ADJ
ftr-365	1114	13	to	to	ADP
ftr-365	1114	14	anyone	anyone	PRON
ftr-365	1114	15	who	who	PRON
ftr-365	1114	16	has	have	AUX
ftr-365	1114	17	purchased	purchase	VERB
ftr-365	1114	18	a	a	DET
ftr-365	1114	19	vehicle	vehicle	NOUN
ftr-365	1114	20	or	or	CCONJ
ftr-365	1114	21	home	home	NOUN
ftr-365	1114	22	.	.	PUNCT
ftr-365	1115	1	in	in	ADP
ftr-365	1115	2	an	an	DET
ftr-365	1115	3	insurance	insurance	NOUN
ftr-365	1115	4	transaction	transaction	NOUN
ftr-365	1115	5	one	one	NUM
ftr-365	1115	6	party	party	NOUN
ftr-365	1115	7	pays	pay	VERB
ftr-365	1115	8	a	a	DET
ftr-365	1115	9	fee	fee	NOUN
ftr-365	1115	10	,	,	PUNCT
ftr-365	1115	11	or	or	CCONJ
ftr-365	1115	12	premium	premium	NOUN
ftr-365	1115	13	,	,	PUNCT
ftr-365	1115	14	to	to	ADP
ftr-365	1115	15	another	another	PRON
ftr-365	1115	16	.	.	PUNCT
ftr-365	1116	1	in	in	ADP
ftr-365	1116	2	return	return	NOUN
ftr-365	1116	3	,	,	PUNCT
ftr-365	1116	4	the	the	DET
ftr-365	1116	5	other	other	ADJ
ftr-365	1116	6	party	party	NOUN
ftr-365	1116	7	undertakes	undertake	VERB
ftr-365	1116	8	the	the	DET
ftr-365	1116	9	risk	risk	NOUN
ftr-365	1116	10	of	of	ADP
ftr-365	1116	11	paying	pay	VERB
ftr-365	1116	12	the	the	DET
ftr-365	1116	13	first	first	ADJ
ftr-365	1116	14	party	party	NOUN
ftr-365	1116	15	up	up	ADP
ftr-365	1116	16	to	to	ADP
ftr-365	1116	17	a	a	DET
ftr-365	1116	18	specified	specify	VERB
ftr-365	1116	19	amount	amount	NOUN
ftr-365	1116	20	in	in	ADP
ftr-365	1116	21	the	the	DET
ftr-365	1116	22	event	event	NOUN
ftr-365	1116	23	of	of	ADP
ftr-365	1116	24	a	a	DET
ftr-365	1116	25	specified	specified	ADJ
ftr-365	1116	26	occurrence	occurrence	NOUN
ftr-365	1116	27	(	(	PUNCT
ftr-365	1116	28	such	such	ADJ
ftr-365	1116	29	as	as	ADP
ftr-365	1116	30	a	a	DET
ftr-365	1116	31	theft	theft	NOUN
ftr-365	1116	32	or	or	CCONJ
ftr-365	1116	33	fire	fire	NOUN
ftr-365	1116	34	)	)	PUNCT
ftr-365	1116	35	.	.	PUNCT
ftr-365	1117	1	if	if	SCONJ
ftr-365	1117	2	the	the	DET
ftr-365	1117	3	occurrence	occurrence	NOUN
ftr-365	1117	4	comes	come	VERB
ftr-365	1117	5	to	to	PART
ftr-365	1117	6	pass	pass	VERB
ftr-365	1117	7	,	,	PUNCT
ftr-365	1117	8	the	the	DET
ftr-365	1117	9	first	first	ADJ
ftr-365	1117	10	party	party	NOUN
ftr-365	1117	11	has	have	VERB
ftr-365	1117	12	a	a	DET
ftr-365	1117	13	claim	claim	NOUN
ftr-365	1117	14	against	against	ADP
ftr-365	1117	15	the	the	DET
ftr-365	1117	16	second	second	ADJ
ftr-365	1117	17	,	,	PUNCT
ftr-365	1117	18	which	which	PRON
ftr-365	1117	19	gives	give	VERB
ftr-365	1117	20	value	value	NOUN
ftr-365	1117	21	to	to	ADP
ftr-365	1117	22	the	the	DET
ftr-365	1117	23	insurance	insurance	NOUN
ftr-365	1117	24	contract	contract	NOUN
ftr-365	1117	25	.	.	PUNCT
ftr-365	1118	1	that	that	DET
ftr-365	1118	2	value	value	NOUN
ftr-365	1118	3	depends	depend	VERB
ftr-365	1118	4	on	on	ADP
ftr-365	1118	5	,	,	PUNCT
ftr-365	1118	6	or	or	CCONJ
ftr-365	1118	7	derives	derive	VERB
ftr-365	1118	8	from	from	ADP
ftr-365	1118	9	,	,	PUNCT
ftr-365	1118	10	the	the	DET
ftr-365	1118	11	occurrence	occurrence	NOUN
ftr-365	1118	12	,	,	PUNCT
ftr-365	1118	13	which	which	PRON
ftr-365	1118	14	is	be	AUX
ftr-365	1118	15	typically	typically	ADV
ftr-365	1118	16	beyond	beyond	ADP
ftr-365	1118	17	the	the	DET
ftr-365	1118	18	influence	influence	NOUN
ftr-365	1118	19	or	or	CCONJ
ftr-365	1118	20	control	control	NOUN
ftr-365	1118	21	of	of	ADP
ftr-365	1118	22	either	either	DET
ftr-365	1118	23	party	party	NOUN
ftr-365	1118	24	,	,	PUNCT
ftr-365	1118	25	and	and	CCONJ
ftr-365	1118	26	the	the	DET
ftr-365	1118	27	extent	extent	NOUN
ftr-365	1118	28	of	of	ADP
ftr-365	1118	29	the	the	DET
ftr-365	1118	30	resulting	result	VERB
ftr-365	1118	31	loss	loss	NOUN
ftr-365	1118	32	.	.	PUNCT
ftr-365	1119	1	if	if	SCONJ
ftr-365	1119	2	the	the	DET
ftr-365	1119	3	occurrence	occurrence	NOUN
ftr-365	1119	4	does	do	AUX
ftr-365	1119	5	not	not	PART
ftr-365	1119	6	come	come	VERB
ftr-365	1119	7	to	to	PART
ftr-365	1119	8	pass	pass	VERB
ftr-365	1119	9	,	,	PUNCT
ftr-365	1119	10	the	the	DET
ftr-365	1119	11	contract	contract	NOUN
ftr-365	1119	12	expires	expire	VERB
ftr-365	1119	13	without	without	ADP
ftr-365	1119	14	having	have	VERB
ftr-365	1119	15	any	any	DET
ftr-365	1119	16	value	value	NOUN
ftr-365	1119	17	to	to	ADP
ftr-365	1119	18	the	the	DET
ftr-365	1119	19	first	first	ADJ
ftr-365	1119	20	party	party	NOUN
ftr-365	1119	21	.	.	PUNCT
ftr-365	1120	1	yet	yet	ADV
ftr-365	1120	2	,	,	PUNCT
ftr-365	1120	3	such	such	DET
ftr-365	1120	4	a	a	DET
ftr-365	1120	5	transaction	transaction	NOUN
ftr-365	1120	6	is	be	AUX
ftr-365	1120	7	sensible	sensible	ADJ
ftr-365	1120	8	because	because	SCONJ
ftr-365	1120	9	,	,	PUNCT
ftr-365	1120	10	during	during	ADP
ftr-365	1120	11	the	the	DET
ftr-365	1120	12	specified	specified	ADJ
ftr-365	1120	13	period	period	NOUN
ftr-365	1120	14	,	,	PUNCT
ftr-365	1120	15	the	the	DET
ftr-365	1120	16	insured	insure	VERB
ftr-365	1120	17	was	be	AUX
ftr-365	1120	18	relieved	relieve	VERB
ftr-365	1120	19	of	of	ADP
ftr-365	1120	20	the	the	DET
ftr-365	1120	21	risk	risk	NOUN
ftr-365	1120	22	of	of	ADP
ftr-365	1120	23	suffering	suffer	VERB
ftr-365	1120	24	loss	loss	NOUN
ftr-365	1120	25	as	as	ADP
ftr-365	1120	26	a	a	DET
ftr-365	1120	27	result	result	NOUN
ftr-365	1120	28	of	of	ADP
ftr-365	1120	29	the	the	DET
ftr-365	1120	30	specified	specified	ADJ
ftr-365	1120	31	event	event	NOUN
ftr-365	1120	32	by	by	ADP
ftr-365	1120	33	shifting	shift	VERB
ftr-365	1120	34	the	the	DET
ftr-365	1120	35	economic	economic	ADJ
ftr-365	1120	36	burden	burden	NOUN
ftr-365	1120	37	of	of	ADP
ftr-365	1120	38	that	that	DET
ftr-365	1120	39	risk	risk	NOUN
ftr-365	1120	40	to	to	ADP
ftr-365	1120	41	the	the	DET
ftr-365	1120	42	insurer	insurer	NOUN
ftr-365	1120	43	.	.	PUNCT
ftr-365	1120	44	”	"	PUNCT
ftr-365	1120	45	)	)	PUNCT
ftr-365	1120	46	.	.	PUNCT
ftr-365	1121	1	48	48	NUM
ftr-365	1121	2	florida	florida	PROPN
ftr-365	1121	3	tax	tax	NOUN
ftr-365	1121	4	review	review	NOUN
ftr-365	1121	5	[	[	X
ftr-365	1121	6	vol	vol	NOUN
ftr-365	1121	7	.	.	PUNCT
ftr-365	1122	1	9:1	9:1	NUM
ftr-365	1123	1	business	business	NOUN
ftr-365	1123	2	’s	’s	PART
ftr-365	1123	3	growth	growth	NOUN
ftr-365	1123	4	.	.	PUNCT
ftr-365	1124	1	259	259	NUM
ftr-365	1124	2	thus	thus	ADV
ftr-365	1124	3	,	,	PUNCT
ftr-365	1124	4	country	country	NOUN
ftr-365	1124	5	d	d	NOUN
ftr-365	1124	6	would	would	AUX
ftr-365	1124	7	clearly	clearly	ADV
ftr-365	1124	8	want	want	VERB
ftr-365	1124	9	to	to	PART
ftr-365	1124	10	allow	allow	VERB
ftr-365	1124	11	local	local	ADJ
ftr-365	1124	12	businesses	business	NOUN
ftr-365	1124	13	to	to	PART
ftr-365	1124	14	manage	manage	VERB
ftr-365	1124	15	their	their	PRON
ftr-365	1124	16	risk	risk	NOUN
ftr-365	1124	17	by	by	ADP
ftr-365	1124	18	entering	enter	VERB
ftr-365	1124	19	into	into	ADP
ftr-365	1124	20	derivatives	derivative	NOUN
ftr-365	1124	21	with	with	ADP
ftr-365	1124	22	foreign	foreign	ADJ
ftr-365	1124	23	counterparties	counterpartie	NOUN
ftr-365	1124	24	(	(	PUNCT
ftr-365	1124	25	assuming	assume	VERB
ftr-365	1124	26	that	that	SCONJ
ftr-365	1124	27	the	the	DET
ftr-365	1124	28	local	local	ADJ
ftr-365	1124	29	banks	bank	NOUN
ftr-365	1124	30	could	could	AUX
ftr-365	1124	31	not	not	PART
ftr-365	1124	32	satisfy	satisfy	VERB
ftr-365	1124	33	this	this	DET
ftr-365	1124	34	need	need	NOUN
ftr-365	1124	35	)	)	PUNCT
ftr-365	1124	36	.	.	PUNCT
ftr-365	1125	1	260	260	NUM
ftr-365	1125	2	nevertheless	nevertheless	ADV
ftr-365	1125	3	,	,	PUNCT
ftr-365	1125	4	foreign	foreign	ADJ
ftr-365	1125	5	counterparties	counterpartie	NOUN
ftr-365	1125	6	will	will	AUX
ftr-365	1125	7	hesitate	hesitate	VERB
ftr-365	1125	8	to	to	PART
ftr-365	1125	9	enter	enter	VERB
ftr-365	1125	10	into	into	ADP
ftr-365	1125	11	hedging	hedging	NOUN
ftr-365	1125	12	transactions	transaction	NOUN
ftr-365	1125	13	with	with	ADP
ftr-365	1125	14	businesses	business	NOUN
ftr-365	1125	15	in	in	ADP
ftr-365	1125	16	country	country	NOUN
ftr-365	1126	1	d	d	NOUN
ftr-365	1126	2	if	if	SCONJ
ftr-365	1126	3	income	income	NOUN
ftr-365	1126	4	from	from	ADP
ftr-365	1126	5	such	such	ADJ
ftr-365	1126	6	transactions	transaction	NOUN
ftr-365	1126	7	will	will	AUX
ftr-365	1126	8	be	be	AUX
ftr-365	1126	9	subject	subject	ADJ
ftr-365	1126	10	to	to	ADP
ftr-365	1126	11	tax	tax	NOUN
ftr-365	1126	12	in	in	ADP
ftr-365	1126	13	the	the	DET
ftr-365	1126	14	source	source	NOUN
ftr-365	1126	15	country	country	NOUN
ftr-365	1126	16	.	.	PUNCT
ftr-365	1127	1	as	as	SCONJ
ftr-365	1127	2	set	set	VERB
ftr-365	1127	3	forth	forth	ADV
ftr-365	1127	4	above	above	ADV
ftr-365	1127	5	,	,	PUNCT
ftr-365	1127	6	the	the	DET
ftr-365	1127	7	ifa	ifa	PROPN
ftr-365	1127	8	report	report	NOUN
ftr-365	1127	9	(	(	PUNCT
ftr-365	1127	10	1995	1995	NUM
ftr-365	1127	11	)	)	PUNCT
ftr-365	1127	12	reached	reach	VERB
ftr-365	1127	13	several	several	ADJ
ftr-365	1127	14	resolutions	resolution	NOUN
ftr-365	1127	15	to	to	PART
ftr-365	1127	16	promote	promote	VERB
ftr-365	1127	17	sensible	sensible	ADJ
ftr-365	1127	18	,	,	PUNCT
ftr-365	1127	19	consistent	consistent	ADJ
ftr-365	1127	20	worldwide	worldwide	ADJ
ftr-365	1127	21	taxation	taxation	NOUN
ftr-365	1127	22	of	of	ADP
ftr-365	1127	23	derivatives	derivative	NOUN
ftr-365	1127	24	.	.	PUNCT
ftr-365	1128	1	261	261	NUM
ftr-365	1128	2	the	the	DET
ftr-365	1128	3	ifa	ifa	PROPN
ftr-365	1128	4	report	report	PROPN
ftr-365	1128	5	(	(	PUNCT
ftr-365	1128	6	1995	1995	NUM
ftr-365	1128	7	)	)	PUNCT
ftr-365	1128	8	first	first	ADV
ftr-365	1128	9	acknowledged	acknowledge	VERB
ftr-365	1128	10	that	that	SCONJ
ftr-365	1128	11	countries	country	NOUN
ftr-365	1128	12	should	should	AUX
ftr-365	1128	13	recognize	recognize	VERB
ftr-365	1128	14	the	the	DET
ftr-365	1128	15	importance	importance	NOUN
ftr-365	1128	16	of	of	ADP
ftr-365	1128	17	derivative	derivative	ADJ
ftr-365	1128	18	transactions	transaction	NOUN
ftr-365	1128	19	and	and	CCONJ
ftr-365	1128	20	remove	remove	VERB
ftr-365	1128	21	tax	tax	NOUN
ftr-365	1128	22	impediments	impediment	NOUN
ftr-365	1128	23	to	to	ADP
ftr-365	1128	24	the	the	DET
ftr-365	1128	25	use	use	NOUN
ftr-365	1128	26	of	of	ADP
ftr-365	1128	27	derivative	derivative	ADJ
ftr-365	1128	28	instruments	instrument	NOUN
ftr-365	1128	29	.	.	PUNCT
ftr-365	1129	1	262	262	NUM
ftr-365	1129	2	in	in	ADP
ftr-365	1129	3	accordance	accordance	NOUN
ftr-365	1129	4	with	with	ADP
ftr-365	1129	5	general	general	ADJ
ftr-365	1129	6	tax	tax	NOUN
ftr-365	1129	7	policy	policy	NOUN
ftr-365	1129	8	principles	principle	NOUN
ftr-365	1129	9	,	,	PUNCT
ftr-365	1129	10	the	the	DET
ftr-365	1129	11	ifa	ifa	PROPN
ftr-365	1129	12	report	report	NOUN
ftr-365	1129	13	(	(	PUNCT
ftr-365	1129	14	1995	1995	NUM
ftr-365	1129	15	)	)	PUNCT
ftr-365	1129	16	concluded	conclude	VERB
ftr-365	1129	17	that	that	SCONJ
ftr-365	1129	18	the	the	DET
ftr-365	1129	19	tax	tax	NOUN
ftr-365	1129	20	rules	rule	NOUN
ftr-365	1129	21	for	for	ADP
ftr-365	1129	22	derivatives	derivative	NOUN
ftr-365	1129	23	should	should	AUX
ftr-365	1129	24	be	be	AUX
ftr-365	1129	25	fair	fair	ADJ
ftr-365	1129	26	,	,	PUNCT
ftr-365	1129	27	simple	simple	ADJ
ftr-365	1129	28	,	,	PUNCT
ftr-365	1129	29	and	and	CCONJ
ftr-365	1129	30	practical	practical	ADJ
ftr-365	1129	31	:	:	PUNCT
ftr-365	1129	32	(	(	PUNCT
ftr-365	1129	33	i	i	NOUN
ftr-365	1129	34	)	)	PUNCT
ftr-365	1129	35	different	different	ADJ
ftr-365	1129	36	classes	class	NOUN
ftr-365	1129	37	of	of	ADP
ftr-365	1129	38	taxpayers	taxpayer	NOUN
ftr-365	1129	39	and	and	CCONJ
ftr-365	1129	40	different	different	ADJ
ftr-365	1129	41	instruments	instrument	NOUN
ftr-365	1129	42	that	that	PRON
ftr-365	1129	43	are	be	AUX
ftr-365	1129	44	economically	economically	ADV
ftr-365	1129	45	similar	similar	ADJ
ftr-365	1129	46	should	should	AUX
ftr-365	1129	47	be	be	AUX
ftr-365	1129	48	similarly	similarly	ADV
ftr-365	1129	49	treated	treat	VERB
ftr-365	1129	50	;	;	PUNCT
ftr-365	1129	51	(	(	PUNCT
ftr-365	1129	52	ii	ii	X
ftr-365	1129	53	)	)	PUNCT
ftr-365	1129	54	the	the	DET
ftr-365	1129	55	rules	rule	NOUN
ftr-365	1129	56	must	must	AUX
ftr-365	1129	57	apply	apply	VERB
ftr-365	1129	58	consistently	consistently	ADV
ftr-365	1129	59	over	over	ADP
ftr-365	1129	60	time	time	NOUN
ftr-365	1129	61	as	as	SCONJ
ftr-365	1129	62	derivative	derivative	ADJ
ftr-365	1129	63	instruments	instrument	NOUN
ftr-365	1129	64	change	change	VERB
ftr-365	1129	65	;	;	PUNCT
ftr-365	1129	66	and	and	CCONJ
ftr-365	1129	67	(	(	PUNCT
ftr-365	1129	68	iii	iii	X
ftr-365	1129	69	)	)	PUNCT
ftr-365	1129	70	the	the	DET
ftr-365	1129	71	use	use	NOUN
ftr-365	1129	72	of	of	ADP
ftr-365	1129	73	derivative	derivative	ADJ
ftr-365	1129	74	instruments	instrument	NOUN
ftr-365	1129	75	should	should	AUX
ftr-365	1129	76	have	have	VERB
ftr-365	1129	77	definite	definite	ADJ
ftr-365	1129	78	and	and	CCONJ
ftr-365	1129	79	predictable	predictable	ADJ
ftr-365	1129	80	results	result	NOUN
ftr-365	1129	81	.	.	PUNCT
ftr-365	1130	1	263	263	NUM
ftr-365	1130	2	the	the	DET
ftr-365	1130	3	ifa	ifa	PROPN
ftr-365	1130	4	report	report	NOUN
ftr-365	1130	5	(	(	PUNCT
ftr-365	1130	6	1995	1995	NUM
ftr-365	1130	7	)	)	PUNCT
ftr-365	1130	8	also	also	ADV
ftr-365	1130	9	discussed	discuss	VERB
ftr-365	1130	10	the	the	DET
ftr-365	1130	11	appropriate	appropriate	ADJ
ftr-365	1130	12	source	source	NOUN
ftr-365	1130	13	rules	rule	NOUN
ftr-365	1130	14	for	for	ADP
ftr-365	1130	15	income	income	NOUN
ftr-365	1130	16	from	from	ADP
ftr-365	1130	17	derivatives	derivative	NOUN
ftr-365	1130	18	and	and	CCONJ
ftr-365	1130	19	set	set	VERB
ftr-365	1130	20	forth	forth	ADV
ftr-365	1130	21	that	that	SCONJ
ftr-365	1130	22	:	:	PUNCT
ftr-365	1130	23	countries	country	NOUN
ftr-365	1130	24	should	should	AUX
ftr-365	1130	25	not	not	PART
ftr-365	1130	26	impose	impose	VERB
ftr-365	1130	27	source	source	NOUN
ftr-365	1130	28	basis	basis	NOUN
ftr-365	1130	29	taxation	taxation	NOUN
ftr-365	1130	30	on	on	ADP
ftr-365	1130	31	income	income	NOUN
ftr-365	1130	32	derived	derive	VERB
ftr-365	1130	33	by	by	ADP
ftr-365	1130	34	non	non	NOUN
ftr-365	1130	35	-	-	NOUN
ftr-365	1130	36	residents	resident	NOUN
ftr-365	1130	37	from	from	ADP
ftr-365	1130	38	derivative	derivative	ADJ
ftr-365	1130	39	instruments	instrument	NOUN
ftr-365	1130	40	in	in	ADP
ftr-365	1130	41	the	the	DET
ftr-365	1130	42	absence	absence	NOUN
ftr-365	1130	43	of	of	ADP
ftr-365	1130	44	a	a	DET
ftr-365	1130	45	branch	branch	NOUN
ftr-365	1130	46	or	or	CCONJ
ftr-365	1130	47	permanent	permanent	ADJ
ftr-365	1130	48	establishment	establishment	NOUN
ftr-365	1130	49	to	to	PART
ftr-365	1130	50	which	which	PRON
ftr-365	1130	51	such	such	ADJ
ftr-365	1130	52	income	income	NOUN
ftr-365	1130	53	is	be	AUX
ftr-365	1130	54	attributable	attributable	ADJ
ftr-365	1130	55	.	.	PUNCT
ftr-365	1131	1	259	259	X
ftr-365	1131	2	.	.	X
ftr-365	1131	3	colon	colon	NOUN
ftr-365	1131	4	,	,	PUNCT
ftr-365	1131	5	supra	supra	NOUN
ftr-365	1131	6	note	note	NOUN
ftr-365	1131	7	5	5	NUM
ftr-365	1131	8	,	,	PUNCT
ftr-365	1131	9	at	at	ADP
ftr-365	1131	10	777	777	NUM
ftr-365	1131	11	(	(	PUNCT
ftr-365	1131	12	“	"	PUNCT
ftr-365	1131	13	financial	financial	ADJ
ftr-365	1131	14	instruments	instrument	NOUN
ftr-365	1131	15	permit	permit	VERB
ftr-365	1131	16	firms	firm	NOUN
ftr-365	1131	17	to	to	PART
ftr-365	1131	18	transfer	transfer	VERB
ftr-365	1131	19	financial	financial	ADJ
ftr-365	1131	20	price	price	NOUN
ftr-365	1131	21	risks	risk	NOUN
ftr-365	1131	22	to	to	ADP
ftr-365	1131	23	other	other	ADJ
ftr-365	1131	24	investors	investor	NOUN
ftr-365	1131	25	better	well	ADV
ftr-365	1131	26	able	able	ADJ
ftr-365	1131	27	or	or	CCONJ
ftr-365	1131	28	more	more	ADV
ftr-365	1131	29	willing	willing	ADJ
ftr-365	1131	30	to	to	PART
ftr-365	1131	31	bear	bear	VERB
ftr-365	1131	32	such	such	ADJ
ftr-365	1131	33	risks	risk	NOUN
ftr-365	1131	34	.	.	PUNCT
ftr-365	1132	1	financial	financial	ADJ
ftr-365	1132	2	instruments	instrument	NOUN
ftr-365	1132	3	help	help	VERB
ftr-365	1132	4	firms	firm	NOUN
ftr-365	1132	5	to	to	PART
ftr-365	1132	6	lower	lower	VERB
ftr-365	1132	7	their	their	PRON
ftr-365	1132	8	financing	financing	NOUN
ftr-365	1132	9	costs	cost	NOUN
ftr-365	1132	10	and	and	CCONJ
ftr-365	1132	11	hedge	hedge	VERB
ftr-365	1132	12	more	more	ADV
ftr-365	1132	13	efficiently	efficiently	ADV
ftr-365	1132	14	in	in	ADP
ftr-365	1132	15	both	both	CCONJ
ftr-365	1132	16	specific	specific	ADJ
ftr-365	1132	17	transactions	transaction	NOUN
ftr-365	1132	18	,	,	PUNCT
ftr-365	1132	19	such	such	ADJ
ftr-365	1132	20	as	as	ADP
ftr-365	1132	21	the	the	DET
ftr-365	1132	22	purchase	purchase	NOUN
ftr-365	1132	23	or	or	CCONJ
ftr-365	1132	24	sale	sale	NOUN
ftr-365	1132	25	of	of	ADP
ftr-365	1132	26	products	product	NOUN
ftr-365	1132	27	in	in	ADP
ftr-365	1132	28	foreign	foreign	ADJ
ftr-365	1132	29	currency	currency	NOUN
ftr-365	1132	30	,	,	PUNCT
ftr-365	1132	31	as	as	ADV
ftr-365	1132	32	well	well	ADV
ftr-365	1132	33	as	as	ADP
ftr-365	1132	34	in	in	ADP
ftr-365	1132	35	strategic	strategic	ADJ
ftr-365	1132	36	cash	cash	NOUN
ftr-365	1132	37	flow	flow	NOUN
ftr-365	1132	38	hedging	hedging	NOUN
ftr-365	1132	39	.	.	PUNCT
ftr-365	1132	40	”	"	PUNCT
ftr-365	1132	41	)	)	PUNCT
ftr-365	1132	42	.	.	PUNCT
ftr-365	1133	1	260	260	NUM
ftr-365	1133	2	.	.	PUNCT
ftr-365	1134	1	see	see	VERB
ftr-365	1134	2	andrade	andrade	PROPN
ftr-365	1134	3	,	,	PUNCT
ftr-365	1134	4	a	a	DET
ftr-365	1134	5	tax	tax	NOUN
ftr-365	1134	6	overview	overview	NOUN
ftr-365	1134	7	of	of	ADP
ftr-365	1134	8	derivatives	derivative	NOUN
ftr-365	1134	9	transactions	transaction	NOUN
ftr-365	1134	10	in	in	ADP
ftr-365	1134	11	colombia	colombia	PROPN
ftr-365	1134	12	,	,	PUNCT
ftr-365	1134	13	22	22	NUM
ftr-365	1134	14	tax	tax	NOUN
ftr-365	1134	15	notes	note	NOUN
ftr-365	1134	16	int’l	int’l	ADJ
ftr-365	1134	17	3080	3080	NUM
ftr-365	1134	18	(	(	PUNCT
ftr-365	1134	19	june	june	PROPN
ftr-365	1134	20	1	1	NUM
ftr-365	1134	21	,	,	PUNCT
ftr-365	1134	22	2001	2001	NUM
ftr-365	1134	23	)	)	PUNCT
ftr-365	1134	24	(	(	PUNCT
ftr-365	1134	25	“	"	PUNCT
ftr-365	1134	26	operations	operation	NOUN
ftr-365	1134	27	with	with	ADP
ftr-365	1134	28	derivatives	derivative	NOUN
ftr-365	1134	29	have	have	AUX
ftr-365	1134	30	recently	recently	ADV
ftr-365	1134	31	started	start	VERB
ftr-365	1134	32	to	to	PART
ftr-365	1134	33	expand	expand	VERB
ftr-365	1134	34	in	in	ADP
ftr-365	1134	35	colombia	colombia	PROPN
ftr-365	1134	36	.	.	PUNCT
ftr-365	1135	1	normally	normally	ADV
ftr-365	1135	2	,	,	PUNCT
ftr-365	1135	3	investors	investor	NOUN
ftr-365	1135	4	and	and	CCONJ
ftr-365	1135	5	economic	economic	ADJ
ftr-365	1135	6	agents	agent	NOUN
ftr-365	1135	7	choose	choose	VERB
ftr-365	1135	8	those	those	DET
ftr-365	1135	9	types	type	NOUN
ftr-365	1135	10	of	of	ADP
ftr-365	1135	11	operations	operation	NOUN
ftr-365	1135	12	when	when	SCONJ
ftr-365	1135	13	market	market	NOUN
ftr-365	1135	14	fluctuations	fluctuation	NOUN
ftr-365	1135	15	make	make	VERB
ftr-365	1135	16	the	the	DET
ftr-365	1135	17	return	return	NOUN
ftr-365	1135	18	on	on	ADP
ftr-365	1135	19	an	an	DET
ftr-365	1135	20	investment	investment	NOUN
ftr-365	1135	21	or	or	CCONJ
ftr-365	1135	22	the	the	DET
ftr-365	1135	23	feasibility	feasibility	NOUN
ftr-365	1135	24	of	of	ADP
ftr-365	1135	25	a	a	DET
ftr-365	1135	26	transaction	transaction	NOUN
ftr-365	1135	27	riskier	risky	ADJ
ftr-365	1135	28	.	.	PUNCT
ftr-365	1136	1	because	because	SCONJ
ftr-365	1136	2	of	of	ADP
ftr-365	1136	3	the	the	DET
ftr-365	1136	4	volatility	volatility	NOUN
ftr-365	1136	5	of	of	ADP
ftr-365	1136	6	some	some	DET
ftr-365	1136	7	indexes	index	NOUN
ftr-365	1136	8	of	of	ADP
ftr-365	1136	9	the	the	DET
ftr-365	1136	10	region	region	NOUN
ftr-365	1136	11	–	–	PUNCT
ftr-365	1136	12	such	such	ADJ
ftr-365	1136	13	as	as	ADP
ftr-365	1136	14	interest	interest	NOUN
ftr-365	1136	15	rates	rate	NOUN
ftr-365	1136	16	,	,	PUNCT
ftr-365	1136	17	the	the	DET
ftr-365	1136	18	exchange	exchange	NOUN
ftr-365	1136	19	rate	rate	NOUN
ftr-365	1136	20	,	,	PUNCT
ftr-365	1136	21	and	and	CCONJ
ftr-365	1136	22	the	the	DET
ftr-365	1136	23	prices	price	NOUN
ftr-365	1136	24	of	of	ADP
ftr-365	1136	25	basic	basic	ADJ
ftr-365	1136	26	products	product	NOUN
ftr-365	1136	27	–	–	PUNCT
ftr-365	1136	28	more	more	ADV
ftr-365	1136	29	national	national	ADJ
ftr-365	1136	30	and	and	CCONJ
ftr-365	1136	31	foreign	foreign	ADJ
ftr-365	1136	32	investors	investor	NOUN
ftr-365	1136	33	are	be	AUX
ftr-365	1136	34	making	make	VERB
ftr-365	1136	35	use	use	NOUN
ftr-365	1136	36	of	of	ADP
ftr-365	1136	37	those	those	DET
ftr-365	1136	38	instruments	instrument	NOUN
ftr-365	1136	39	.	.	PUNCT
ftr-365	1136	40	”	"	PUNCT
ftr-365	1136	41	)	)	PUNCT
ftr-365	1136	42	.	.	PUNCT
ftr-365	1137	1	261	261	NUM
ftr-365	1137	2	.	.	PUNCT
ftr-365	1137	3	tax	tax	NOUN
ftr-365	1137	4	aspects	aspect	NOUN
ftr-365	1137	5	of	of	ADP
ftr-365	1137	6	derivative	derivative	ADJ
ftr-365	1137	7	financial	financial	ADJ
ftr-365	1137	8	instruments	instrument	NOUN
ftr-365	1137	9	,	,	PUNCT
ftr-365	1137	10	49th	49th	ADJ
ftr-365	1137	11	ifa	ifa	PROPN
ftr-365	1137	12	cong	cong	NOUN
ftr-365	1137	13	.	.	PUNCT
ftr-365	1138	1	res	re	NOUN
ftr-365	1138	2	.	.	PUNCT
ftr-365	1139	1	(	(	PUNCT
ftr-365	1139	2	cannes	canne	NOUN
ftr-365	1139	3	1995	1995	NUM
ftr-365	1139	4	)	)	PUNCT
ftr-365	1139	5	.	.	PUNCT
ftr-365	1140	1	see	see	VERB
ftr-365	1140	2	also	also	ADV
ftr-365	1140	3	michael	michael	PROPN
ftr-365	1140	4	cosgrove	cosgrove	PROPN
ftr-365	1140	5	,	,	PUNCT
ftr-365	1140	6	ifa	ifa	PROPN
ftr-365	1140	7	stresses	stress	VERB
ftr-365	1140	8	role	role	NOUN
ftr-365	1140	9	of	of	ADP
ftr-365	1140	10	derivatives	derivative	NOUN
ftr-365	1140	11	,	,	PUNCT
ftr-365	1140	12	calls	call	VERB
ftr-365	1140	13	on	on	ADP
ftr-365	1140	14	nations	nation	NOUN
ftr-365	1140	15	to	to	PART
ftr-365	1140	16	establish	establish	VERB
ftr-365	1140	17	new	new	ADJ
ftr-365	1140	18	tax	tax	NOUN
ftr-365	1140	19	regimes	regime	NOUN
ftr-365	1140	20	,	,	PUNCT
ftr-365	1140	21	65	65	NUM
ftr-365	1140	22	bna	bna	PROPN
ftr-365	1140	23	’s	’s	PART
ftr-365	1140	24	banking	banking	PROPN
ftr-365	1140	25	rep	rep	PROPN
ftr-365	1140	26	.	.	PROPN
ftr-365	1140	27	507	507	NUM
ftr-365	1140	28	(	(	PUNCT
ftr-365	1140	29	1995	1995	NUM
ftr-365	1140	30	)	)	PUNCT
ftr-365	1140	31	.	.	PUNCT
ftr-365	1141	1	262	262	X
ftr-365	1141	2	.	.	PUNCT
ftr-365	1142	1	see	see	VERB
ftr-365	1142	2	avi	avi	PROPN
ftr-365	1142	3	-	-	PUNCT
ftr-365	1142	4	yonah	yonah	PROPN
ftr-365	1142	5	&	&	CCONJ
ftr-365	1142	6	swartz	swartz	PROPN
ftr-365	1142	7	(	(	PUNCT
ftr-365	1142	8	1997	1997	NUM
ftr-365	1142	9	)	)	PUNCT
ftr-365	1142	10	,	,	PUNCT
ftr-365	1142	11	supra	supra	PROPN
ftr-365	1142	12	note	note	VERB
ftr-365	1142	13	39	39	NUM
ftr-365	1142	14	.	.	PUNCT
ftr-365	1143	1	263	263	NUM
ftr-365	1143	2	.	.	PUNCT
ftr-365	1144	1	i	i	PRON
ftr-365	1144	2	d.	d.	PROPN
ftr-365	1144	3	2008	2008	NUM
ftr-365	1144	4	]	]	PUNCT
ftr-365	1145	1	the	the	DET
ftr-365	1145	2	case	case	NOUN
ftr-365	1145	3	for	for	ADP
ftr-365	1145	4	residency	residency	NOUN
ftr-365	1145	5	-	-	PUNCT
ftr-365	1145	6	based	base	VERB
ftr-365	1145	7	taxation	taxation	NOUN
ftr-365	1145	8	49	49	NUM
ftr-365	1145	9	the	the	DET
ftr-365	1145	10	ifa	ifa	PROPN
ftr-365	1145	11	report	report	PROPN
ftr-365	1145	12	(	(	PUNCT
ftr-365	1145	13	1995	1995	NUM
ftr-365	1145	14	)	)	PUNCT
ftr-365	1145	15	observed	observe	VERB
ftr-365	1145	16	that	that	SCONJ
ftr-365	1145	17	the	the	DET
ftr-365	1145	18	general	general	ADJ
ftr-365	1145	19	practice	practice	NOUN
ftr-365	1145	20	not	not	PART
ftr-365	1145	21	to	to	PART
ftr-365	1145	22	impose	impose	VERB
ftr-365	1145	23	withholding	withholding	NOUN
ftr-365	1145	24	tax	tax	NOUN
ftr-365	1145	25	at	at	ADP
ftr-365	1145	26	source	source	NOUN
ftr-365	1145	27	on	on	ADP
ftr-365	1145	28	payments	payment	NOUN
ftr-365	1145	29	made	make	VERB
ftr-365	1145	30	under	under	ADP
ftr-365	1145	31	derivative	derivative	ADJ
ftr-365	1145	32	financial	financial	ADJ
ftr-365	1145	33	instruments	instrument	NOUN
ftr-365	1145	34	.	.	PUNCT
ftr-365	1146	1	this	this	PRON
ftr-365	1146	2	is	be	AUX
ftr-365	1146	3	appropriate	appropriate	ADJ
ftr-365	1146	4	and	and	CCONJ
ftr-365	1146	5	should	should	AUX
ftr-365	1146	6	be	be	AUX
ftr-365	1146	7	universally	universally	ADV
ftr-365	1146	8	adopted	adopt	VERB
ftr-365	1146	9	.	.	PUNCT
ftr-365	1147	1	furthermore	furthermore	ADV
ftr-365	1147	2	,	,	PUNCT
ftr-365	1147	3	apart	apart	ADV
ftr-365	1147	4	from	from	ADP
ftr-365	1147	5	withholding	withholding	NOUN
ftr-365	1147	6	tax	tax	NOUN
ftr-365	1147	7	,	,	PUNCT
ftr-365	1147	8	profits	profit	NOUN
ftr-365	1147	9	,	,	PUNCT
ftr-365	1147	10	gains	gain	NOUN
ftr-365	1147	11	and	and	CCONJ
ftr-365	1147	12	losses	loss	NOUN
ftr-365	1147	13	with	with	ADP
ftr-365	1147	14	respect	respect	NOUN
ftr-365	1147	15	to	to	ADP
ftr-365	1147	16	derivative	derivative	ADJ
ftr-365	1147	17	instruments	instrument	NOUN
ftr-365	1147	18	should	should	AUX
ftr-365	1147	19	be	be	AUX
ftr-365	1147	20	exempted	exempt	VERB
ftr-365	1147	21	from	from	ADP
ftr-365	1147	22	tax	tax	NOUN
ftr-365	1147	23	at	at	ADP
ftr-365	1147	24	source	source	NOUN
ftr-365	1147	25	under	under	ADP
ftr-365	1147	26	domestic	domestic	ADJ
ftr-365	1147	27	law	law	NOUN
ftr-365	1147	28	or	or	CCONJ
ftr-365	1147	29	applicable	applicable	ADJ
ftr-365	1147	30	income	income	NOUN
ftr-365	1147	31	tax	tax	NOUN
ftr-365	1147	32	treaties	treaty	NOUN
ftr-365	1147	33	on	on	ADP
ftr-365	1147	34	the	the	DET
ftr-365	1147	35	ground	ground	NOUN
ftr-365	1147	36	that	that	SCONJ
ftr-365	1147	37	they	they	PRON
ftr-365	1147	38	represent	represent	VERB
ftr-365	1147	39	:	:	PUNCT
ftr-365	1147	40	business	business	NOUN
ftr-365	1147	41	profits	profit	NOUN
ftr-365	1147	42	,	,	PUNCT
ftr-365	1147	43	exempt	exempt	ADJ
ftr-365	1147	44	from	from	ADP
ftr-365	1147	45	tax	tax	NOUN
ftr-365	1147	46	in	in	ADP
ftr-365	1147	47	the	the	DET
ftr-365	1147	48	absence	absence	NOUN
ftr-365	1147	49	of	of	ADP
ftr-365	1147	50	a	a	DET
ftr-365	1147	51	permanent	permanent	ADJ
ftr-365	1147	52	establishmentcapital	establishmentcapital	ADJ
ftr-365	1147	53	gains	gain	NOUN
ftr-365	1147	54	;	;	PUNCT
ftr-365	1147	55	or“other	or“other	X
ftr-365	1147	56	income	income	NOUN
ftr-365	1147	57	”	"	PUNCT
ftr-365	1147	58	exempt	exempt	ADJ
ftr-365	1147	59	under	under	ADP
ftr-365	1147	60	the	the	DET
ftr-365	1147	61	“	"	PUNCT
ftr-365	1147	62	other	other	ADJ
ftr-365	1147	63	income	income	NOUN
ftr-365	1147	64	”	"	PUNCT
ftr-365	1147	65	article	article	NOUN
ftr-365	1147	66	of	of	ADP
ftr-365	1147	67	an	an	DET
ftr-365	1147	68	applicable	applicable	ADJ
ftr-365	1147	69	treaty	treaty	NOUN
ftr-365	1147	70	.	.	PUNCT
ftr-365	1148	1	264	264	NUM
ftr-365	1148	2	victor	victor	PROPN
ftr-365	1148	3	thuronyi	thuronyi	PROPN
ftr-365	1148	4	(	(	PUNCT
ftr-365	1148	5	senior	senior	ADJ
ftr-365	1148	6	counsel	counsel	NOUN
ftr-365	1148	7	(	(	PUNCT
ftr-365	1148	8	taxation	taxation	NOUN
ftr-365	1148	9	)	)	PUNCT
ftr-365	1148	10	with	with	ADP
ftr-365	1148	11	the	the	DET
ftr-365	1148	12	international	international	ADJ
ftr-365	1148	13	monetary	monetary	ADJ
ftr-365	1148	14	fund	fund	NOUN
ftr-365	1148	15	)	)	PUNCT
ftr-365	1148	16	stated	state	VERB
ftr-365	1148	17	that	that	SCONJ
ftr-365	1148	18	the	the	DET
ftr-365	1148	19	same	same	ADJ
ftr-365	1148	20	rationale	rationale	NOUN
ftr-365	1148	21	should	should	AUX
ftr-365	1148	22	apply	apply	VERB
ftr-365	1148	23	to	to	ADP
ftr-365	1148	24	developing	develop	VERB
ftr-365	1148	25	countries	country	NOUN
ftr-365	1148	26	:	:	PUNCT
ftr-365	1148	27	in	in	ADP
ftr-365	1148	28	the	the	DET
ftr-365	1148	29	case	case	NOUN
ftr-365	1148	30	of	of	ADP
ftr-365	1148	31	certain	certain	ADJ
ftr-365	1148	32	[	[	X
ftr-365	1148	33	new	new	ADJ
ftr-365	1148	34	financial	financial	ADJ
ftr-365	1148	35	instruments	instrument	NOUN
ftr-365	1148	36	]	]	PUNCT
ftr-365	1148	37	,	,	PUNCT
ftr-365	1148	38	particularly	particularly	ADV
ftr-365	1148	39	derivatives	derivative	NOUN
ftr-365	1148	40	,	,	PUNCT
ftr-365	1148	41	tax	tax	NOUN
ftr-365	1148	42	policy	policy	NOUN
ftr-365	1148	43	concerns	concern	NOUN
ftr-365	1148	44	militate	militate	VERB
ftr-365	1148	45	against	against	ADP
ftr-365	1148	46	the	the	DET
ftr-365	1148	47	imposition	imposition	NOUN
ftr-365	1148	48	of	of	ADP
ftr-365	1148	49	a	a	DET
ftr-365	1148	50	withholding	withholding	NOUN
ftr-365	1148	51	tax	tax	NOUN
ftr-365	1148	52	because	because	SCONJ
ftr-365	1148	53	the	the	DET
ftr-365	1148	54	payments	payment	NOUN
ftr-365	1148	55	under	under	ADP
ftr-365	1148	56	some	some	DET
ftr-365	1148	57	financial	financial	ADJ
ftr-365	1148	58	instruments	instrument	NOUN
ftr-365	1148	59	may	may	AUX
ftr-365	1148	60	not	not	PART
ftr-365	1148	61	be	be	AUX
ftr-365	1148	62	closely	closely	ADV
ftr-365	1148	63	correlated	correlate	VERB
ftr-365	1148	64	with	with	ADP
ftr-365	1148	65	the	the	DET
ftr-365	1148	66	income	income	NOUN
ftr-365	1148	67	actually	actually	ADV
ftr-365	1148	68	earned	earn	VERB
ftr-365	1148	69	.	.	PUNCT
ftr-365	1149	1	this	this	PRON
ftr-365	1149	2	is	be	AUX
ftr-365	1149	3	particularly	particularly	ADV
ftr-365	1149	4	the	the	DET
ftr-365	1149	5	case	case	NOUN
ftr-365	1149	6	for	for	ADP
ftr-365	1149	7	swap	swap	NOUN
ftr-365	1149	8	payments	payment	NOUN
ftr-365	1149	9	.	.	PUNCT
ftr-365	1150	1	there	there	PRON
ftr-365	1150	2	is	be	VERB
ftr-365	1150	3	a	a	DET
ftr-365	1150	4	risk	risk	NOUN
ftr-365	1150	5	,	,	PUNCT
ftr-365	1150	6	therefore	therefore	ADV
ftr-365	1150	7	,	,	PUNCT
ftr-365	1150	8	that	that	SCONJ
ftr-365	1150	9	if	if	SCONJ
ftr-365	1150	10	a	a	DET
ftr-365	1150	11	gross	gross	ADJ
ftr-365	1150	12	basis	basis	NOUN
ftr-365	1150	13	tax	tax	NOUN
ftr-365	1150	14	is	be	AUX
ftr-365	1150	15	imposed	impose	VERB
ftr-365	1150	16	at	at	ADP
ftr-365	1150	17	source	source	NOUN
ftr-365	1150	18	,	,	PUNCT
ftr-365	1150	19	taxpayers	taxpayer	NOUN
ftr-365	1150	20	simply	simply	ADV
ftr-365	1150	21	will	will	AUX
ftr-365	1150	22	not	not	PART
ftr-365	1150	23	enter	enter	VERB
ftr-365	1150	24	into	into	ADP
ftr-365	1150	25	the	the	DET
ftr-365	1150	26	type	type	NOUN
ftr-365	1150	27	of	of	ADP
ftr-365	1150	28	transaction	transaction	NOUN
ftr-365	1150	29	subject	subject	ADJ
ftr-365	1150	30	to	to	ADP
ftr-365	1150	31	withholding	withholding	NOUN
ftr-365	1150	32	,	,	PUNCT
ftr-365	1150	33	because	because	SCONJ
ftr-365	1150	34	the	the	DET
ftr-365	1150	35	withholding	withholding	NOUN
ftr-365	1150	36	would	would	AUX
ftr-365	1150	37	be	be	AUX
ftr-365	1150	38	out	out	ADP
ftr-365	1150	39	of	of	ADP
ftr-365	1150	40	proportion	proportion	NOUN
ftr-365	1150	41	to	to	ADP
ftr-365	1150	42	the	the	DET
ftr-365	1150	43	amount	amount	NOUN
ftr-365	1150	44	of	of	ADP
ftr-365	1150	45	income	income	NOUN
ftr-365	1150	46	involved	involve	VERB
ftr-365	1150	47	.	.	PUNCT
ftr-365	1151	1	[	[	X
ftr-365	1151	2	footnote	footnote	NOUN
ftr-365	1151	3	omitted	omit	VERB
ftr-365	1151	4	]	]	PUNCT
ftr-365	1151	5	such	such	DET
ftr-365	1151	6	a	a	DET
ftr-365	1151	7	policy	policy	NOUN
ftr-365	1151	8	may	may	AUX
ftr-365	1151	9	deny	deny	VERB
ftr-365	1151	10	to	to	ADP
ftr-365	1151	11	domestic	domestic	ADJ
ftr-365	1151	12	companies	company	NOUN
ftr-365	1151	13	the	the	DET
ftr-365	1151	14	risk	risk	NOUN
ftr-365	1151	15	-	-	PUNCT
ftr-365	1151	16	shifting	shift	VERB
ftr-365	1151	17	benefits	benefit	NOUN
ftr-365	1151	18	that	that	PRON
ftr-365	1151	19	new	new	ADJ
ftr-365	1151	20	financial	financial	ADJ
ftr-365	1151	21	instruments	instrument	NOUN
ftr-365	1151	22	can	can	AUX
ftr-365	1151	23	provide	provide	VERB
ftr-365	1151	24	.	.	PUNCT
ftr-365	1152	1	265	265	NUM
ftr-365	1152	2	264	264	NUM
ftr-365	1152	3	.	.	PUNCT
ftr-365	1153	1	see	see	VERB
ftr-365	1153	2	the	the	DET
ftr-365	1153	3	ifa	ifa	PROPN
ftr-365	1153	4	report	report	NOUN
ftr-365	1153	5	(	(	PUNCT
ftr-365	1153	6	1995	1995	NUM
ftr-365	1153	7	)	)	PUNCT
ftr-365	1153	8	,	,	PUNCT
ftr-365	1153	9	supra	supra	PROPN
ftr-365	1153	10	note	note	PROPN
ftr-365	1153	11	35	35	NUM
ftr-365	1153	12	,	,	PUNCT
ftr-365	1153	13	at	at	ADP
ftr-365	1153	14	¶2.3	¶2.3	PROPN
ftr-365	1153	15	.	.	PUNCT
ftr-365	1154	1	¶	¶	PROPN
ftr-365	1154	2	2.4	2.4	NUM
ftr-365	1154	3	elaborating	elaborate	VERB
ftr-365	1154	4	that	that	SCONJ
ftr-365	1154	5	“	"	PUNCT
ftr-365	1154	6	in	in	ADP
ftr-365	1154	7	imposing	impose	VERB
ftr-365	1154	8	residence	residence	NOUN
ftr-365	1154	9	taxation	taxation	NOUN
ftr-365	1154	10	on	on	ADP
ftr-365	1154	11	income	income	NOUN
ftr-365	1154	12	derived	derive	VERB
ftr-365	1154	13	from	from	ADP
ftr-365	1154	14	derivative	derivative	ADJ
ftr-365	1154	15	instruments	instrument	NOUN
ftr-365	1154	16	,	,	PUNCT
ftr-365	1154	17	the	the	DET
ftr-365	1154	18	residence	residence	NOUN
ftr-365	1154	19	principle	principle	NOUN
ftr-365	1154	20	should	should	AUX
ftr-365	1154	21	be	be	AUX
ftr-365	1154	22	:	:	PUNCT
ftr-365	1154	23	(	(	PUNCT
ftr-365	1154	24	a	a	X
ftr-365	1154	25	)	)	PUNCT
ftr-365	1154	26	reinforced	reinforce	VERB
ftr-365	1154	27	by	by	ADP
ftr-365	1154	28	application	application	NOUN
ftr-365	1154	29	of	of	ADP
ftr-365	1154	30	a	a	DET
ftr-365	1154	31	country	country	NOUN
ftr-365	1154	32	’s	’s	PART
ftr-365	1154	33	anti	anti	ADJ
ftr-365	1154	34	-	-	ADJ
ftr-365	1154	35	deferral	deferral	ADJ
ftr-365	1154	36	regimes	regime	NOUN
ftr-365	1154	37	,	,	PUNCT
ftr-365	1154	38	where	where	SCONJ
ftr-365	1154	39	appropriate	appropriate	ADJ
ftr-365	1154	40	;	;	PUNCT
ftr-365	1154	41	and	and	CCONJ
ftr-365	1154	42	(	(	PUNCT
ftr-365	1154	43	b	b	X
ftr-365	1154	44	)	)	PUNCT
ftr-365	1154	45	clarified	clarify	VERB
ftr-365	1154	46	in	in	ADP
ftr-365	1154	47	the	the	DET
ftr-365	1154	48	case	case	NOUN
ftr-365	1154	49	of	of	ADP
ftr-365	1154	50	global	global	ADJ
ftr-365	1154	51	trading	trading	NOUN
ftr-365	1154	52	,	,	PUNCT
ftr-365	1154	53	split	split	ADJ
ftr-365	1154	54	hedging	hedging	NOUN
ftr-365	1154	55	,	,	PUNCT
ftr-365	1154	56	and	and	CCONJ
ftr-365	1154	57	inter	inter	ADJ
ftr-365	1154	58	-	-	ADJ
ftr-365	1154	59	branch	branch	ADJ
ftr-365	1154	60	transactions	transaction	NOUN
ftr-365	1154	61	.	.	PUNCT
ftr-365	1155	1	in	in	ADP
ftr-365	1155	2	this	this	DET
ftr-365	1155	3	connection	connection	NOUN
ftr-365	1155	4	,	,	PUNCT
ftr-365	1155	5	countries	country	NOUN
ftr-365	1155	6	should	should	AUX
ftr-365	1155	7	consider	consider	VERB
ftr-365	1155	8	entering	enter	VERB
ftr-365	1155	9	into	into	ADP
ftr-365	1155	10	advance	advance	NOUN
ftr-365	1155	11	pricing	pricing	NOUN
ftr-365	1155	12	agreements	agreement	NOUN
ftr-365	1155	13	in	in	ADP
ftr-365	1155	14	appropriate	appropriate	ADJ
ftr-365	1155	15	cases	case	NOUN
ftr-365	1155	16	.	.	PUNCT
ftr-365	1156	1	in	in	ADP
ftr-365	1156	2	computing	compute	VERB
ftr-365	1156	3	the	the	DET
ftr-365	1156	4	taxable	taxable	ADJ
ftr-365	1156	5	income	income	NOUN
ftr-365	1156	6	of	of	ADP
ftr-365	1156	7	a	a	DET
ftr-365	1156	8	branch	branch	NOUN
ftr-365	1156	9	of	of	ADP
ftr-365	1156	10	a	a	DET
ftr-365	1156	11	foreign	foreign	ADJ
ftr-365	1156	12	taxpayer	taxpayer	NOUN
ftr-365	1156	13	,	,	PUNCT
ftr-365	1156	14	inter	inter	ADJ
ftr-365	1156	15	-	-	ADJ
ftr-365	1156	16	branch	branch	NOUN
ftr-365	1156	17	or	or	CCONJ
ftr-365	1156	18	branch	branch	NOUN
ftr-365	1156	19	/	/	SYM
ftr-365	1156	20	home	home	NOUN
ftr-365	1156	21	office	office	NOUN
ftr-365	1156	22	transactions	transaction	NOUN
ftr-365	1156	23	in	in	ADP
ftr-365	1156	24	derivative	derivative	ADJ
ftr-365	1156	25	instruments	instrument	NOUN
ftr-365	1156	26	are	be	AUX
ftr-365	1156	27	taken	take	VERB
ftr-365	1156	28	into	into	ADP
ftr-365	1156	29	account	account	NOUN
ftr-365	1156	30	in	in	ADP
ftr-365	1156	31	some	some	DET
ftr-365	1156	32	countries	country	NOUN
ftr-365	1156	33	but	but	CCONJ
ftr-365	1156	34	not	not	PART
ftr-365	1156	35	in	in	ADP
ftr-365	1156	36	others	other	NOUN
ftr-365	1156	37	.	.	PUNCT
ftr-365	1157	1	the	the	DET
ftr-365	1157	2	treatment	treatment	NOUN
ftr-365	1157	3	of	of	ADP
ftr-365	1157	4	these	these	DET
ftr-365	1157	5	transactions	transaction	NOUN
ftr-365	1157	6	should	should	AUX
ftr-365	1157	7	be	be	AUX
ftr-365	1157	8	harmonized	harmonize	VERB
ftr-365	1157	9	and	and	CCONJ
ftr-365	1157	10	the	the	DET
ftr-365	1157	11	oecd	oecd	PROPN
ftr-365	1157	12	should	should	AUX
ftr-365	1157	13	be	be	AUX
ftr-365	1157	14	encouraged	encourage	VERB
ftr-365	1157	15	to	to	PART
ftr-365	1157	16	continue	continue	VERB
ftr-365	1157	17	its	its	PRON
ftr-365	1157	18	work	work	NOUN
ftr-365	1157	19	on	on	ADP
ftr-365	1157	20	the	the	DET
ftr-365	1157	21	subject	subject	NOUN
ftr-365	1157	22	.	.	PUNCT
ftr-365	1157	23	”	"	PUNCT
ftr-365	1158	1	265	265	NUM
ftr-365	1158	2	.	.	PUNCT
ftr-365	1159	1	see	see	VERB
ftr-365	1159	2	thuronyi	thuronyi	PROPN
ftr-365	1159	3	,	,	PUNCT
ftr-365	1159	4	supra	supra	PROPN
ftr-365	1159	5	note	note	PROPN
ftr-365	1159	6	10	10	NUM
ftr-365	1159	7	,	,	PUNCT
ftr-365	1159	8	at	at	ADP
ftr-365	1159	9	261	261	NUM
ftr-365	1159	10	,	,	PUNCT
ftr-365	1159	11	citing	cite	VERB
ftr-365	1159	12	for	for	ADP
ftr-365	1159	13	this	this	DET
ftr-365	1159	14	view	view	NOUN
ftr-365	1159	15	c.	c.	PROPN
ftr-365	1159	16	plambeck	plambeck	PROPN
ftr-365	1159	17	,	,	PUNCT
ftr-365	1159	18	h.d	h.d	PROPN
ftr-365	1159	19	.	.	PROPN
ftr-365	1159	20	rosenbloom	rosenbloom	PROPN
ftr-365	1159	21	,	,	PUNCT
ftr-365	1159	22	and	and	CCONJ
ftr-365	1159	23	d.	d.	PROPN
ftr-365	1159	24	ring	ring	NOUN
ftr-365	1159	25	,	,	PUNCT
ftr-365	1159	26	“	"	PUNCT
ftr-365	1159	27	general	general	ADJ
ftr-365	1159	28	report	report	NOUN
ftr-365	1159	29	,	,	PUNCT
ftr-365	1159	30	”	"	PUNCT
ftr-365	1159	31	85b	85b	X
ftr-365	1159	32	cahiers	cahier	NOUN
ftr-365	1159	33	de	de	X
ftr-365	1159	34	droit	droit	PROPN
ftr-365	1159	35	fiscal	fiscal	PROPN
ftr-365	1159	36	international	international	PROPN
ftr-365	1159	37	(	(	PUNCT
ftr-365	1159	38	1995	1995	NUM
ftr-365	1159	39	)	)	PUNCT
ftr-365	1159	40	;	;	PUNCT
ftr-365	1159	41	l.	l.	PROPN
ftr-365	1159	42	lokken	lokken	PROPN
ftr-365	1159	43	,	,	PUNCT
ftr-365	1159	44	“	"	PUNCT
ftr-365	1159	45	taxation	taxation	NOUN
ftr-365	1159	46	of	of	ADP
ftr-365	1159	47	derivatives	derivative	NOUN
ftr-365	1159	48	and	and	CCONJ
ftr-365	1159	49	new	new	ADJ
ftr-365	1159	50	financial	financial	ADJ
ftr-365	1159	51	instruments	instrument	NOUN
ftr-365	1159	52	,	,	PUNCT
ftr-365	1159	53	”	"	PUNCT
ftr-365	1159	54	in	in	ADP
ftr-365	1159	55	report	report	NOUN
ftr-365	1159	56	of	of	ADP
ftr-365	1159	57	the	the	DET
ftr-365	1159	58	ad	ad	X
ftr-365	1159	59	hoc	hoc	X
ftr-365	1159	60	group	group	NOUN
ftr-365	1159	61	of	of	ADP
ftr-365	1159	62	experts	expert	NOUN
ftr-365	1159	63	on	on	ADP
ftr-365	1159	64	international	international	ADJ
ftr-365	1159	65	cooperation	cooperation	NOUN
ftr-365	1159	66	in	in	ADP
ftr-365	1159	67	50	50	NUM
ftr-365	1159	68	florida	florida	PROPN
ftr-365	1159	69	tax	tax	NOUN
ftr-365	1159	70	review	review	NOUN
ftr-365	1159	71	[	[	X
ftr-365	1159	72	vol	vol	NOUN
ftr-365	1159	73	.	.	PUNCT
ftr-365	1159	74	9:1	9:1	NUM
ftr-365	1159	75	mr	mr	PROPN
ftr-365	1159	76	.	.	PROPN
ftr-365	1159	77	thuronyi	thuronyi	PROPN
ftr-365	1159	78	specifically	specifically	ADV
ftr-365	1159	79	acknowledges	acknowledge	VERB
ftr-365	1159	80	that	that	SCONJ
ftr-365	1159	81	domestic	domestic	ADJ
ftr-365	1159	82	businesses	business	NOUN
ftr-365	1159	83	will	will	AUX
ftr-365	1159	84	benefit	benefit	VERB
ftr-365	1159	85	from	from	ADP
ftr-365	1159	86	more	more	ADJ
ftr-365	1159	87	access	access	NOUN
ftr-365	1159	88	to	to	ADP
ftr-365	1159	89	risk	risk	NOUN
ftr-365	1159	90	-	-	PUNCT
ftr-365	1159	91	shifting	shift	VERB
ftr-365	1159	92	instruments	instrument	NOUN
ftr-365	1159	93	if	if	SCONJ
ftr-365	1159	94	the	the	DET
ftr-365	1159	95	source	source	NOUN
ftr-365	1159	96	country	country	NOUN
ftr-365	1159	97	will	will	AUX
ftr-365	1159	98	not	not	PART
ftr-365	1159	99	withhold	withhold	VERB
ftr-365	1159	100	on	on	ADP
ftr-365	1159	101	such	such	ADJ
ftr-365	1159	102	instruments	instrument	NOUN
ftr-365	1159	103	.	.	PUNCT
ftr-365	1160	1	another	another	DET
ftr-365	1160	2	potential	potential	ADJ
ftr-365	1160	3	policy	policy	NOUN
ftr-365	1160	4	argument	argument	NOUN
ftr-365	1160	5	for	for	ADP
ftr-365	1160	6	these	these	DET
ftr-365	1160	7	proposed	propose	VERB
ftr-365	1160	8	source	source	NOUN
ftr-365	1160	9	rules	rule	NOUN
ftr-365	1160	10	is	be	AUX
ftr-365	1160	11	that	that	SCONJ
ftr-365	1160	12	,	,	PUNCT
ftr-365	1160	13	in	in	ADP
ftr-365	1160	14	contrast	contrast	NOUN
ftr-365	1160	15	to	to	ADP
ftr-365	1160	16	payments	payment	NOUN
ftr-365	1160	17	on	on	ADP
ftr-365	1160	18	stock	stock	NOUN
ftr-365	1160	19	or	or	CCONJ
ftr-365	1160	20	debt	debt	NOUN
ftr-365	1160	21	,	,	PUNCT
ftr-365	1160	22	where	where	SCONJ
ftr-365	1160	23	the	the	DET
ftr-365	1160	24	recipient	recipient	NOUN
ftr-365	1160	25	has	have	AUX
ftr-365	1160	26	invested	invest	VERB
ftr-365	1160	27	capital	capital	NOUN
ftr-365	1160	28	in	in	ADP
ftr-365	1160	29	an	an	DET
ftr-365	1160	30	income	income	NOUN
ftr-365	1160	31	-	-	PUNCT
ftr-365	1160	32	producing	produce	VERB
ftr-365	1160	33	asset	asset	NOUN
ftr-365	1160	34	in	in	ADP
ftr-365	1160	35	country	country	NOUN
ftr-365	1160	36	d	d	PROPN
ftr-365	1160	37	,	,	PUNCT
ftr-365	1160	38	a	a	DET
ftr-365	1160	39	derivative	derivative	NOUN
ftr-365	1160	40	is	be	AUX
ftr-365	1160	41	merely	merely	ADV
ftr-365	1160	42	a	a	DET
ftr-365	1160	43	contractual	contractual	ADJ
ftr-365	1160	44	arrangement	arrangement	NOUN
ftr-365	1160	45	that	that	PRON
ftr-365	1160	46	gives	give	VERB
ftr-365	1160	47	rise	rise	NOUN
ftr-365	1160	48	to	to	ADP
ftr-365	1160	49	cash	cash	NOUN
ftr-365	1160	50	flows	flow	NOUN
ftr-365	1160	51	on	on	ADP
ftr-365	1160	52	a	a	DET
ftr-365	1160	53	notional	notional	ADJ
ftr-365	1160	54	amount	amount	NOUN
ftr-365	1160	55	.	.	PUNCT
ftr-365	1161	1	266	266	NUM
ftr-365	1161	2	furthermore	furthermore	ADV
ftr-365	1161	3	,	,	PUNCT
ftr-365	1161	4	while	while	SCONJ
ftr-365	1161	5	interest	interest	NOUN
ftr-365	1161	6	and	and	CCONJ
ftr-365	1161	7	dividends	dividend	NOUN
ftr-365	1161	8	can	can	AUX
ftr-365	1161	9	flow	flow	VERB
ftr-365	1161	10	only	only	ADV
ftr-365	1161	11	to	to	ADP
ftr-365	1161	12	the	the	DET
ftr-365	1161	13	investor	investor	NOUN
ftr-365	1161	14	,	,	PUNCT
ftr-365	1161	15	cash	cash	NOUN
ftr-365	1161	16	flows	flow	NOUN
ftr-365	1161	17	on	on	ADP
ftr-365	1161	18	notional	notional	ADJ
ftr-365	1161	19	principal	principal	ADJ
ftr-365	1161	20	contracts	contract	NOUN
ftr-365	1161	21	can	can	AUX
ftr-365	1161	22	flow	flow	VERB
ftr-365	1161	23	in	in	ADP
ftr-365	1161	24	either	either	DET
ftr-365	1161	25	direction	direction	NOUN
ftr-365	1161	26	.	.	PUNCT
ftr-365	1162	1	while	while	SCONJ
ftr-365	1162	2	country	country	NOUN
ftr-365	1162	3	d	d	NOUN
ftr-365	1162	4	may	may	AUX
ftr-365	1162	5	wish	wish	VERB
ftr-365	1162	6	to	to	PART
ftr-365	1162	7	reserve	reserve	VERB
ftr-365	1162	8	the	the	DET
ftr-365	1162	9	right	right	NOUN
ftr-365	1162	10	to	to	PART
ftr-365	1162	11	tax	tax	VERB
ftr-365	1162	12	on	on	ADP
ftr-365	1162	13	income	income	NOUN
ftr-365	1162	14	from	from	ADP
ftr-365	1162	15	capital	capital	NOUN
ftr-365	1162	16	invested	invest	VERB
ftr-365	1162	17	therein	therein	ADV
ftr-365	1162	18	,	,	PUNCT
ftr-365	1162	19	there	there	PRON
ftr-365	1162	20	is	be	VERB
ftr-365	1162	21	no	no	DET
ftr-365	1162	22	reason	reason	NOUN
ftr-365	1162	23	for	for	ADP
ftr-365	1162	24	a	a	DET
ftr-365	1162	25	priority	priority	NOUN
ftr-365	1162	26	claim	claim	NOUN
ftr-365	1162	27	for	for	ADP
ftr-365	1162	28	taxation	taxation	NOUN
ftr-365	1162	29	of	of	ADP
ftr-365	1162	30	cash	cash	NOUN
ftr-365	1162	31	flows	flow	NOUN
ftr-365	1162	32	on	on	ADP
ftr-365	1162	33	contractual	contractual	ADJ
ftr-365	1162	34	cash	cash	NOUN
ftr-365	1162	35	flows	flow	NOUN
ftr-365	1162	36	out	out	ADP
ftr-365	1162	37	of	of	ADP
ftr-365	1162	38	the	the	DET
ftr-365	1162	39	country	country	NOUN
ftr-365	1162	40	.	.	PUNCT
ftr-365	1163	1	267	267	NUM
ftr-365	1163	2	as	as	ADV
ftr-365	1163	3	set	set	VERB
ftr-365	1163	4	forth	forth	ADV
ftr-365	1163	5	above	above	ADV
ftr-365	1163	6	,	,	PUNCT
ftr-365	1163	7	in	in	ADP
ftr-365	1163	8	the	the	DET
ftr-365	1163	9	united	united	PROPN
ftr-365	1163	10	states	states	PROPN
ftr-365	1163	11	,	,	PUNCT
ftr-365	1163	12	the	the	DET
ftr-365	1163	13	irs	irs	PROPN
ftr-365	1163	14	and	and	CCONJ
ftr-365	1163	15	several	several	ADJ
ftr-365	1163	16	commentators	commentator	NOUN
ftr-365	1163	17	have	have	AUX
ftr-365	1163	18	raised	raise	VERB
ftr-365	1163	19	the	the	DET
ftr-365	1163	20	concern	concern	NOUN
ftr-365	1163	21	that	that	SCONJ
ftr-365	1163	22	with	with	ADP
ftr-365	1163	23	respect	respect	NOUN
ftr-365	1163	24	to	to	ADP
ftr-365	1163	25	equity	equity	NOUN
ftr-365	1163	26	swaps	swap	NOUN
ftr-365	1163	27	,	,	PUNCT
ftr-365	1163	28	such	such	ADJ
ftr-365	1163	29	source	source	NOUN
ftr-365	1163	30	rules	rule	NOUN
ftr-365	1163	31	could	could	AUX
ftr-365	1163	32	be	be	AUX
ftr-365	1163	33	used	use	VERB
ftr-365	1163	34	to	to	PART
ftr-365	1163	35	replicate	replicate	VERB
ftr-365	1163	36	payments	payment	NOUN
ftr-365	1163	37	subject	subject	ADJ
ftr-365	1163	38	to	to	ADP
ftr-365	1163	39	u.s	u.s	PROPN
ftr-365	1163	40	.	.	PROPN
ftr-365	1163	41	withholding	withholding	NOUN
ftr-365	1163	42	,	,	PUNCT
ftr-365	1163	43	such	such	ADJ
ftr-365	1163	44	as	as	ADP
ftr-365	1163	45	dividends	dividend	NOUN
ftr-365	1163	46	from	from	ADP
ftr-365	1163	47	a	a	DET
ftr-365	1163	48	u.s	u.s	PROPN
ftr-365	1163	49	.	.	PROPN
ftr-365	1163	50	corporation	corporation	NOUN
ftr-365	1163	51	,	,	PUNCT
ftr-365	1163	52	and	and	CCONJ
ftr-365	1163	53	convert	convert	VERB
ftr-365	1163	54	such	such	ADJ
ftr-365	1163	55	payments	payment	NOUN
ftr-365	1163	56	into	into	ADP
ftr-365	1163	57	exempt	exempt	ADJ
ftr-365	1163	58	swap	swap	NOUN
ftr-365	1163	59	payments	payment	NOUN
ftr-365	1163	60	.	.	PUNCT
ftr-365	1164	1	268	268	NUM
ftr-365	1164	2	these	these	DET
ftr-365	1164	3	concerns	concern	NOUN
ftr-365	1164	4	,	,	PUNCT
ftr-365	1164	5	however	however	ADV
ftr-365	1164	6	,	,	PUNCT
ftr-365	1164	7	should	should	AUX
ftr-365	1164	8	not	not	PART
ftr-365	1164	9	apply	apply	VERB
ftr-365	1164	10	if	if	SCONJ
ftr-365	1164	11	consistent	consistent	ADJ
ftr-365	1164	12	with	with	ADP
ftr-365	1164	13	my	my	PRON
ftr-365	1164	14	proposals	proposal	NOUN
ftr-365	1164	15	in	in	ADP
ftr-365	1164	16	the	the	DET
ftr-365	1164	17	previous	previous	ADJ
ftr-365	1164	18	part	part	NOUN
ftr-365	1164	19	,	,	PUNCT
ftr-365	1164	20	interest	interest	NOUN
ftr-365	1164	21	and	and	CCONJ
ftr-365	1164	22	dividends	dividend	NOUN
ftr-365	1164	23	are	be	AUX
ftr-365	1164	24	largely	largely	ADV
ftr-365	1164	25	exempt	exempt	ADJ
ftr-365	1164	26	from	from	ADP
ftr-365	1164	27	withholding	withhold	VERB
ftr-365	1164	28	tax	tax	NOUN
ftr-365	1164	29	.	.	PUNCT
ftr-365	1165	1	tax	tax	NOUN
ftr-365	1165	2	matters	matter	NOUN
ftr-365	1165	3	on	on	ADP
ftr-365	1165	4	the	the	DET
ftr-365	1165	5	work	work	NOUN
ftr-365	1165	6	of	of	ADP
ftr-365	1165	7	its	its	PRON
ftr-365	1165	8	eighth	eighth	ADJ
ftr-365	1165	9	meeting	meeting	NOUN
ftr-365	1165	10	(	(	PUNCT
ftr-365	1165	11	u.n	u.n	PROPN
ftr-365	1165	12	.	.	PROPN
ftr-365	1165	13	1998	1998	NUM
ftr-365	1165	14	)	)	PUNCT
ftr-365	1165	15	.	.	PUNCT
ftr-365	1166	1	266	266	X
ftr-365	1166	2	.	.	PUNCT
ftr-365	1167	1	see	see	VERB
ftr-365	1167	2	generally	generally	ADV
ftr-365	1167	3	garlock	garlock	PROPN
ftr-365	1167	4	,	,	PUNCT
ftr-365	1167	5	et	et	NOUN
ftr-365	1167	6	.	.	PUNCT
ftr-365	1168	1	al	al	PROPN
ftr-365	1168	2	.	.	PUNCT
ftr-365	1169	1	(	(	PUNCT
ftr-365	1169	2	2005	2005	NUM
ftr-365	1169	3	)	)	PUNCT
ftr-365	1169	4	,	,	PUNCT
ftr-365	1169	5	supra	supra	PROPN
ftr-365	1169	6	note	note	NOUN
ftr-365	1169	7	230	230	NUM
ftr-365	1169	8	.	.	PUNCT
ftr-365	1170	1	267	267	NUM
ftr-365	1170	2	.	.	PUNCT
ftr-365	1171	1	i	i	PRON
ftr-365	1171	2	d.	d.	PROPN
ftr-365	1171	3	268	268	NUM
ftr-365	1171	4	.	.	PUNCT
ftr-365	1172	1	see	see	VERB
ftr-365	1172	2	reich	reich	PROPN
ftr-365	1172	3	,	,	PUNCT
ftr-365	1172	4	supra	supra	PROPN
ftr-365	1172	5	note	note	PROPN
ftr-365	1172	6	11	11	NUM
ftr-365	1172	7	;	;	PUNCT
ftr-365	1172	8	preamble	preamble	VERB
ftr-365	1172	9	to	to	PART
ftr-365	1172	10	prop	prop	VERB
ftr-365	1172	11	.	.	PUNCT
ftr-365	1173	1	treas	treas	PROPN
ftr-365	1173	2	.	.	PUNCT
ftr-365	1174	1	reg	reg	PROPN
ftr-365	1174	2	.	.	PUNCT
ftr-365	1175	1	§	§	PROPN
ftr-365	1175	2	1.864(b)-1	1.864(b)-1	PROPN
ftr-365	1175	3	,	,	PUNCT
ftr-365	1175	4	(	(	PUNCT
ftr-365	1175	5	june	june	PROPN
ftr-365	1175	6	11	11	NUM
ftr-365	1175	7	,	,	PUNCT
ftr-365	1175	8	1998	1998	NUM
ftr-365	1175	9	)	)	PUNCT
ftr-365	1175	10	;	;	PUNCT
ftr-365	1175	11	preamble	preamble	VERB
ftr-365	1175	12	to	to	ADP
ftr-365	1175	13	the	the	DET
ftr-365	1175	14	§	§	PROPN
ftr-365	1175	15	446	446	NUM
ftr-365	1175	16	regulations	regulation	NOUN
ftr-365	1175	17	,	,	PUNCT
ftr-365	1175	18	t.d	t.d	PROPN
ftr-365	1175	19	.	.	PROPN
ftr-365	1175	20	849	849	NUM
ftr-365	1175	21	,	,	PUNCT
ftr-365	1175	22	58	58	NUM
ftr-365	1175	23	fed	fed	PROPN
ftr-365	1175	24	.	.	PUNCT
ftr-365	1176	1	reg	reg	PROPN
ftr-365	1176	2	.	.	PUNCT
ftr-365	1177	1	§	§	PROPN
ftr-365	1177	2	53125	53125	NUM
ftr-365	1177	3	(	(	PUNCT
ftr-365	1177	4	oct	oct	PROPN
ftr-365	1177	5	.	.	PROPN
ftr-365	1177	6	14	14	NUM
ftr-365	1177	7	,	,	PUNCT
ftr-365	1177	8	1993	1993	NUM
ftr-365	1177	9	)	)	PUNCT
ftr-365	1177	10	(	(	PUNCT
ftr-365	1177	11	“	"	PUNCT
ftr-365	1177	12	[	[	X
ftr-365	1177	13	t]he	t]he	ADV
ftr-365	1177	14	irs	irs	PROPN
ftr-365	1177	15	is	be	AUX
ftr-365	1177	16	considering	consider	VERB
ftr-365	1177	17	whether	whether	SCONJ
ftr-365	1177	18	notional	notional	ADJ
ftr-365	1177	19	principal	principal	ADJ
ftr-365	1177	20	contracts	contract	NOUN
ftr-365	1177	21	involving	involve	VERB
ftr-365	1177	22	certain	certain	ADJ
ftr-365	1177	23	specified	specified	ADJ
ftr-365	1177	24	indices	index	NOUN
ftr-365	1177	25	(	(	PUNCT
ftr-365	1177	26	e.g.	e.g.	ADV
ftr-365	1177	27	,	,	PUNCT
ftr-365	1177	28	one	one	NUM
ftr-365	1177	29	issuer	issuer	NOUN
ftr-365	1177	30	’s	’s	PART
ftr-365	1177	31	stock	stock	NOUN
ftr-365	1177	32	)	)	PUNCT
ftr-365	1177	33	should	should	AUX
ftr-365	1177	34	be	be	AUX
ftr-365	1177	35	excluded	exclude	VERB
ftr-365	1177	36	from	from	ADP
ftr-365	1177	37	the	the	DET
ftr-365	1177	38	general	general	ADJ
ftr-365	1177	39	sourcing	sourcing	NOUN
ftr-365	1177	40	rules	rule	NOUN
ftr-365	1177	41	of	of	ADP
ftr-365	1177	42	irc	irc	PROPN
ftr-365	1177	43	§	§	PROPN
ftr-365	1177	44	§	§	PROPN
ftr-365	1177	45	861	861	NUM
ftr-365	1177	46	through	through	ADP
ftr-365	1177	47	865	865	NUM
ftr-365	1177	48	.	.	PUNCT
ftr-365	1177	49	.	.	PUNCT
ftr-365	1177	50	.	.	PUNCT
ftr-365	1177	51	.	.	PUNCT
ftr-365	1177	52	”	"	PUNCT
ftr-365	1177	53	)	)	PUNCT
ftr-365	1177	54	;	;	PUNCT
ftr-365	1177	55	preamble	preamble	VERB
ftr-365	1177	56	to	to	ADP
ftr-365	1177	57	proposed	propose	VERB
ftr-365	1177	58	regulations	regulation	NOUN
ftr-365	1177	59	under	under	ADP
ftr-365	1177	60	irc	irc	PROPN
ftr-365	1177	61	§	§	NOUN
ftr-365	1177	62	1058	1058	NUM
ftr-365	1177	63	,	,	PUNCT
ftr-365	1177	64	1992	1992	NUM
ftr-365	1177	65	-	-	SYM
ftr-365	1177	66	1	1	NUM
ftr-365	1177	67	cb	cb	PROPN
ftr-365	1177	68	1196	1196	NUM
ftr-365	1177	69	(	(	PUNCT
ftr-365	1177	70	“	"	PUNCT
ftr-365	1177	71	the	the	DET
ftr-365	1177	72	service	service	NOUN
ftr-365	1177	73	is	be	AUX
ftr-365	1177	74	considering	consider	VERB
ftr-365	1177	75	whether	whether	SCONJ
ftr-365	1177	76	the	the	DET
ftr-365	1177	77	proposed	propose	VERB
ftr-365	1177	78	regulations	regulation	NOUN
ftr-365	1177	79	should	should	AUX
ftr-365	1177	80	apply	apply	VERB
ftr-365	1177	81	to	to	PART
ftr-365	1177	82	dividend	dividend	VERB
ftr-365	1177	83	equivalent	equivalent	ADJ
ftr-365	1177	84	payments	payment	NOUN
ftr-365	1177	85	made	make	VERB
ftr-365	1177	86	in	in	ADP
ftr-365	1177	87	connection	connection	NOUN
ftr-365	1177	88	with	with	ADP
ftr-365	1177	89	certain	certain	ADJ
ftr-365	1177	90	notional	notional	ADJ
ftr-365	1177	91	principal	principal	ADJ
ftr-365	1177	92	contracts	contract	NOUN
ftr-365	1177	93	,	,	PUNCT
ftr-365	1177	94	such	such	ADJ
ftr-365	1177	95	as	as	ADP
ftr-365	1177	96	an	an	DET
ftr-365	1177	97	equity	equity	NOUN
ftr-365	1177	98	index	index	NOUN
ftr-365	1177	99	swap	swap	NOUN
ftr-365	1177	100	structured	structure	VERB
ftr-365	1177	101	to	to	PART
ftr-365	1177	102	replicate	replicate	VERB
ftr-365	1177	103	the	the	DET
ftr-365	1177	104	cas[h	cas[h	NOUN
ftr-365	1177	105	]	]	PUNCT
ftr-365	1177	106	flows	flow	NOUN
ftr-365	1177	107	that	that	PRON
ftr-365	1177	108	would	would	AUX
ftr-365	1177	109	arise	arise	VERB
ftr-365	1177	110	from	from	ADP
ftr-365	1177	111	an	an	DET
ftr-365	1177	112	installment	installment	NOUN
ftr-365	1177	113	purchase	purchase	NOUN
ftr-365	1177	114	of	of	ADP
ftr-365	1177	115	one	one	NUM
ftr-365	1177	116	or	or	CCONJ
ftr-365	1177	117	more	more	ADJ
ftr-365	1177	118	equity	equity	NOUN
ftr-365	1177	119	securities	security	NOUN
ftr-365	1177	120	”	"	PUNCT
ftr-365	1177	121	)	)	PUNCT
ftr-365	1177	122	;	;	PUNCT
ftr-365	1177	123	new	new	PROPN
ftr-365	1177	124	york	york	PROPN
ftr-365	1177	125	state	state	PROPN
ftr-365	1177	126	bar	bar	PROPN
ftr-365	1177	127	ass’n	ass’n	NOUN
ftr-365	1177	128	tax	tax	NOUN
ftr-365	1177	129	section	section	NOUN
ftr-365	1177	130	,	,	PUNCT
ftr-365	1177	131	“	"	PUNCT
ftr-365	1177	132	report	report	NOUN
ftr-365	1177	133	on	on	ADP
ftr-365	1177	134	the	the	DET
ftr-365	1177	135	imposition	imposition	NOUN
ftr-365	1177	136	of	of	ADP
ftr-365	1177	137	u.s	u.s	PROPN
ftr-365	1177	138	.	.	PROPN
ftr-365	1177	139	withholding	withholding	NOUN
ftr-365	1177	140	tax	tax	NOUN
ftr-365	1177	141	on	on	ADP
ftr-365	1177	142	substitute	substitute	NOUN
ftr-365	1177	143	and	and	CCONJ
ftr-365	1177	144	derivative	derivative	ADJ
ftr-365	1177	145	dividend	dividend	NOUN
ftr-365	1177	146	payments	payment	NOUN
ftr-365	1177	147	received	receive	VERB
ftr-365	1177	148	by	by	ADP
ftr-365	1177	149	foreign	foreign	ADJ
ftr-365	1177	150	persons	person	NOUN
ftr-365	1177	151	,	,	PUNCT
ftr-365	1177	152	”	"	PUNCT
ftr-365	1177	153	highlights	highlight	NOUN
ftr-365	1177	154	&	&	CCONJ
ftr-365	1177	155	documents	document	NOUN
ftr-365	1177	156	,	,	PUNCT
ftr-365	1177	157	june	june	PROPN
ftr-365	1177	158	5	5	NUM
ftr-365	1177	159	,	,	PUNCT
ftr-365	1177	160	1998	1998	NUM
ftr-365	1177	161	,	,	PUNCT
ftr-365	1177	162	p.	p.	NOUN
ftr-365	1177	163	2869	2869	NUM
ftr-365	1177	164	;	;	PUNCT
ftr-365	1177	165	aviyonah	aviyonah	PROPN
ftr-365	1177	166	&	&	CCONJ
ftr-365	1177	167	swartz	swartz	PROPN
ftr-365	1177	168	(	(	PUNCT
ftr-365	1177	169	1997	1997	NUM
ftr-365	1177	170	)	)	PUNCT
ftr-365	1177	171	,	,	PUNCT
ftr-365	1177	172	supra	supra	PROPN
ftr-365	1177	173	note	note	VERB
ftr-365	1177	174	39	39	NUM
ftr-365	1177	175	.	.	PUNCT
ftr-365	1177	176	2008	2008	NUM
ftr-365	1177	177	]	]	PUNCT
ftr-365	1178	1	the	the	DET
ftr-365	1178	2	case	case	NOUN
ftr-365	1178	3	for	for	ADP
ftr-365	1178	4	residency	residency	NOUN
ftr-365	1178	5	-	-	PUNCT
ftr-365	1178	6	based	base	VERB
ftr-365	1178	7	taxation	taxation	NOUN
ftr-365	1178	8	51	51	NUM
ftr-365	1178	9	4	4	NUM
ftr-365	1178	10	.	.	PUNCT
ftr-365	1179	1	taxation	taxation	NOUN
ftr-365	1179	2	of	of	ADP
ftr-365	1179	3	cross	cross	ADJ
ftr-365	1179	4	-	-	ADJ
ftr-365	1179	5	border	border	ADJ
ftr-365	1179	6	derivatives	derivative	NOUN
ftr-365	1179	7	under	under	ADP
ftr-365	1179	8	treaties	treaty	NOUN
ftr-365	1179	9	the	the	DET
ftr-365	1179	10	characterization	characterization	NOUN
ftr-365	1179	11	of	of	ADP
ftr-365	1179	12	payments	payment	NOUN
ftr-365	1179	13	for	for	ADP
ftr-365	1179	14	treaty	treaty	NOUN
ftr-365	1179	15	purposes	purpose	NOUN
ftr-365	1179	16	is	be	AUX
ftr-365	1179	17	important	important	ADJ
ftr-365	1179	18	because	because	SCONJ
ftr-365	1179	19	different	different	ADJ
ftr-365	1179	20	characterization	characterization	NOUN
ftr-365	1179	21	could	could	AUX
ftr-365	1179	22	mean	mean	VERB
ftr-365	1179	23	different	different	ADJ
ftr-365	1179	24	rates	rate	NOUN
ftr-365	1179	25	imposed	impose	VERB
ftr-365	1179	26	on	on	ADP
ftr-365	1179	27	income	income	NOUN
ftr-365	1179	28	from	from	ADP
ftr-365	1179	29	cross	cross	ADJ
ftr-365	1179	30	-	-	ADJ
ftr-365	1179	31	border	border	ADJ
ftr-365	1179	32	financial	financial	ADJ
ftr-365	1179	33	instrument	instrument	NOUN
ftr-365	1179	34	.	.	PUNCT
ftr-365	1180	1	269	269	NUM
ftr-365	1180	2	in	in	ADP
ftr-365	1180	3	addition	addition	NOUN
ftr-365	1180	4	,	,	PUNCT
ftr-365	1180	5	special	special	ADJ
ftr-365	1180	6	issues	issue	NOUN
ftr-365	1180	7	may	may	AUX
ftr-365	1180	8	arise	arise	VERB
ftr-365	1180	9	if	if	SCONJ
ftr-365	1180	10	the	the	DET
ftr-365	1180	11	payment	payment	NOUN
ftr-365	1180	12	is	be	AUX
ftr-365	1180	13	characterized	characterize	VERB
ftr-365	1180	14	inconsistently	inconsistently	ADV
ftr-365	1180	15	in	in	ADP
ftr-365	1180	16	the	the	DET
ftr-365	1180	17	country	country	NOUN
ftr-365	1180	18	of	of	ADP
ftr-365	1180	19	source	source	NOUN
ftr-365	1180	20	and	and	CCONJ
ftr-365	1180	21	the	the	DET
ftr-365	1180	22	country	country	NOUN
ftr-365	1180	23	of	of	ADP
ftr-365	1180	24	residency	residency	NOUN
ftr-365	1180	25	.	.	PUNCT
ftr-365	1181	1	270	270	NUM
ftr-365	1181	2	“	"	PUNCT
ftr-365	1181	3	the	the	DET
ftr-365	1181	4	existing	exist	VERB
ftr-365	1181	5	network	network	NOUN
ftr-365	1181	6	of	of	ADP
ftr-365	1181	7	tax	tax	NOUN
ftr-365	1181	8	treaties	treaty	NOUN
ftr-365	1181	9	places	place	VERB
ftr-365	1181	10	significant	significant	ADJ
ftr-365	1181	11	constraints	constraint	NOUN
ftr-365	1181	12	on	on	ADP
ftr-365	1181	13	countries	country	NOUN
ftr-365	1181	14	’	'	PUNCT
ftr-365	1181	15	freedom	freedom	NOUN
ftr-365	1181	16	of	of	ADP
ftr-365	1181	17	action	action	NOUN
ftr-365	1181	18	in	in	ADP
ftr-365	1181	19	imposing	impose	VERB
ftr-365	1181	20	a	a	DET
ftr-365	1181	21	withholding	withholding	NOUN
ftr-365	1181	22	tax	tax	NOUN
ftr-365	1181	23	on	on	ADP
ftr-365	1181	24	derivatives	derivative	NOUN
ftr-365	1181	25	.	.	PUNCT
ftr-365	1181	26	”	"	PUNCT
ftr-365	1182	1	271	271	NUM
ftr-365	1182	2	generally	generally	ADV
ftr-365	1182	3	,	,	PUNCT
ftr-365	1182	4	income	income	NOUN
ftr-365	1182	5	from	from	ADP
ftr-365	1182	6	derivatives	derivative	NOUN
ftr-365	1182	7	could	could	AUX
ftr-365	1182	8	fall	fall	VERB
ftr-365	1182	9	under	under	ADP
ftr-365	1182	10	business	business	NOUN
ftr-365	1182	11	income	income	NOUN
ftr-365	1182	12	(	(	PUNCT
ftr-365	1182	13	article	article	NOUN
ftr-365	1182	14	7	7	NUM
ftr-365	1182	15	)	)	PUNCT
ftr-365	1182	16	,	,	PUNCT
ftr-365	1182	17	dividends	dividend	NOUN
ftr-365	1182	18	(	(	PUNCT
ftr-365	1182	19	article	article	NOUN
ftr-365	1182	20	10	10	NUM
ftr-365	1182	21	)	)	PUNCT
ftr-365	1182	22	,	,	PUNCT
ftr-365	1182	23	interest	interest	NOUN
ftr-365	1182	24	income	income	NOUN
ftr-365	1182	25	(	(	PUNCT
ftr-365	1182	26	article	article	NOUN
ftr-365	1182	27	11	11	NUM
ftr-365	1182	28	)	)	PUNCT
ftr-365	1182	29	,	,	PUNCT
ftr-365	1182	30	capital	capital	NOUN
ftr-365	1182	31	gain	gain	NOUN
ftr-365	1182	32	(	(	PUNCT
ftr-365	1182	33	article	article	NOUN
ftr-365	1182	34	13	13	NUM
ftr-365	1182	35	)	)	PUNCT
ftr-365	1182	36	or	or	CCONJ
ftr-365	1182	37	other	other	ADJ
ftr-365	1182	38	income	income	NOUN
ftr-365	1182	39	(	(	PUNCT
ftr-365	1182	40	article	article	NOUN
ftr-365	1182	41	21	21	NUM
ftr-365	1182	42	)	)	PUNCT
ftr-365	1182	43	.	.	PUNCT
ftr-365	1183	1	272	272	NUM
ftr-365	1183	2	under	under	ADP
ftr-365	1183	3	all	all	DET
ftr-365	1183	4	provisions	provision	NOUN
ftr-365	1183	5	,	,	PUNCT
ftr-365	1183	6	according	accord	VERB
ftr-365	1183	7	to	to	ADP
ftr-365	1183	8	both	both	DET
ftr-365	1183	9	the	the	DET
ftr-365	1183	10	u.s	u.s	PROPN
ftr-365	1183	11	.	.	PROPN
ftr-365	1183	12	and	and	CCONJ
ftr-365	1183	13	oecd	oecd	PROPN
ftr-365	1183	14	treaty	treaty	NOUN
ftr-365	1183	15	models	model	NOUN
ftr-365	1183	16	,	,	PUNCT
ftr-365	1183	17	income	income	NOUN
ftr-365	1183	18	would	would	AUX
ftr-365	1183	19	generally	generally	ADV
ftr-365	1183	20	be	be	AUX
ftr-365	1183	21	taxable	taxable	ADJ
ftr-365	1183	22	only	only	ADV
ftr-365	1183	23	in	in	ADP
ftr-365	1183	24	the	the	DET
ftr-365	1183	25	residency	residency	NOUN
ftr-365	1183	26	country	country	NOUN
ftr-365	1183	27	.	.	PUNCT
ftr-365	1184	1	273	273	NUM
ftr-365	1184	2	there	there	PRON
ftr-365	1184	3	is	be	VERB
ftr-365	1184	4	little	little	ADJ
ftr-365	1184	5	doubt	doubt	NOUN
ftr-365	1184	6	that	that	SCONJ
ftr-365	1184	7	when	when	SCONJ
ftr-365	1184	8	income	income	NOUN
ftr-365	1184	9	from	from	ADP
ftr-365	1184	10	derivatives	derivative	NOUN
ftr-365	1184	11	is	be	AUX
ftr-365	1184	12	attributable	attributable	ADJ
ftr-365	1184	13	to	to	ADP
ftr-365	1184	14	the	the	DET
ftr-365	1184	15	non	non	ADJ
ftr-365	1184	16	-	-	ADJ
ftr-365	1184	17	resident	resident	ADJ
ftr-365	1184	18	’s	’s	PART
ftr-365	1184	19	permanent	permanent	ADJ
ftr-365	1184	20	establishment	establishment	NOUN
ftr-365	1184	21	in	in	ADP
ftr-365	1184	22	the	the	DET
ftr-365	1184	23	source	source	NOUN
ftr-365	1184	24	country	country	NOUN
ftr-365	1184	25	,	,	PUNCT
ftr-365	1184	26	such	such	ADJ
ftr-365	1184	27	income	income	NOUN
ftr-365	1184	28	should	should	AUX
ftr-365	1184	29	be	be	AUX
ftr-365	1184	30	taxed	tax	VERB
ftr-365	1184	31	by	by	ADP
ftr-365	1184	32	the	the	DET
ftr-365	1184	33	source	source	NOUN
ftr-365	1184	34	country	country	NOUN
ftr-365	1184	35	under	under	ADP
ftr-365	1184	36	article	article	NOUN
ftr-365	1184	37	7	7	NUM
ftr-365	1184	38	.	.	NOUN
ftr-365	1184	39	274	274	NUM
ftr-365	1184	40	of	of	ADP
ftr-365	1184	41	course	course	NOUN
ftr-365	1184	42	,	,	PUNCT
ftr-365	1184	43	as	as	SCONJ
ftr-365	1184	44	discussed	discuss	VERB
ftr-365	1184	45	above	above	ADV
ftr-365	1184	46	,	,	PUNCT
ftr-365	1184	47	this	this	PRON
ftr-365	1184	48	will	will	AUX
ftr-365	1184	49	require	require	VERB
ftr-365	1184	50	a	a	DET
ftr-365	1184	51	two	two	NUM
ftr-365	1184	52	-	-	PUNCT
ftr-365	1184	53	step	step	NOUN
ftr-365	1184	54	determination	determination	NOUN
ftr-365	1184	55	of	of	ADP
ftr-365	1184	56	whether	whether	SCONJ
ftr-365	1184	57	the	the	DET
ftr-365	1184	58	non	non	ADJ
ftr-365	1184	59	-	-	ADJ
ftr-365	1184	60	resident	resident	ADJ
ftr-365	1184	61	has	have	AUX
ftr-365	1184	62	a	a	DET
ftr-365	1184	63	permanent	permanent	ADJ
ftr-365	1184	64	establishment	establishment	NOUN
ftr-365	1184	65	in	in	ADP
ftr-365	1184	66	the	the	DET
ftr-365	1184	67	source	source	NOUN
ftr-365	1184	68	country	country	NOUN
ftr-365	1184	69	and	and	CCONJ
ftr-365	1184	70	if	if	SCONJ
ftr-365	1184	71	so	so	ADV
ftr-365	1184	72	,	,	PUNCT
ftr-365	1184	73	whether	whether	SCONJ
ftr-365	1184	74	the	the	DET
ftr-365	1184	75	income	income	NOUN
ftr-365	1184	76	is	be	AUX
ftr-365	1184	77	attributable	attributable	ADJ
ftr-365	1184	78	to	to	ADP
ftr-365	1184	79	such	such	ADJ
ftr-365	1184	80	permanent	permanent	ADJ
ftr-365	1184	81	establishment	establishment	NOUN
ftr-365	1184	82	.	.	PUNCT
ftr-365	1185	1	the	the	DET
ftr-365	1185	2	dividend	dividend	NOUN
ftr-365	1185	3	article	article	NOUN
ftr-365	1185	4	of	of	ADP
ftr-365	1185	5	many	many	ADJ
ftr-365	1185	6	u.s	u.s	PROPN
ftr-365	1185	7	.	.	PROPN
ftr-365	1185	8	tax	tax	NOUN
ftr-365	1185	9	treaties	treaty	NOUN
ftr-365	1185	10	generally	generally	ADV
ftr-365	1185	11	defines	define	VERB
ftr-365	1185	12	dividends	dividend	NOUN
ftr-365	1185	13	as	as	ADP
ftr-365	1185	14	“	"	PUNCT
ftr-365	1185	15	income	income	NOUN
ftr-365	1185	16	from	from	ADP
ftr-365	1185	17	shares	share	NOUN
ftr-365	1185	18	.	.	PUNCT
ftr-365	1185	19	.	.	PUNCT
ftr-365	1186	1	.	.	PUNCT
ftr-365	1187	1	as	as	ADV
ftr-365	1187	2	well	well	ADV
ftr-365	1187	3	as	as	ADP
ftr-365	1188	1	income	income	NOUN
ftr-365	1188	2	from	from	ADP
ftr-365	1188	3	other	other	ADJ
ftr-365	1188	4	corporate	corporate	ADJ
ftr-365	1188	5	rights	right	NOUN
ftr-365	1188	6	which	which	PRON
ftr-365	1188	7	is	be	AUX
ftr-365	1188	8	subjected	subject	VERB
ftr-365	1188	9	to	to	ADP
ftr-365	1188	10	the	the	DET
ftr-365	1188	11	same	same	ADJ
ftr-365	1188	12	taxation	taxation	NOUN
ftr-365	1188	13	treatment	treatment	NOUN
ftr-365	1188	14	as	as	ADP
ftr-365	1188	15	income	income	NOUN
ftr-365	1188	16	from	from	ADP
ftr-365	1188	17	shares	share	NOUN
ftr-365	1188	18	”	"	PUNCT
ftr-365	1188	19	in	in	ADP
ftr-365	1188	20	the	the	DET
ftr-365	1188	21	country	country	NOUN
ftr-365	1188	22	where	where	SCONJ
ftr-365	1188	23	the	the	DET
ftr-365	1188	24	distributing	distribute	VERB
ftr-365	1188	25	company	company	NOUN
ftr-365	1188	26	resides	reside	VERB
ftr-365	1188	27	.	.	PUNCT
ftr-365	1189	1	275	275	NUM
ftr-365	1189	2	according	accord	VERB
ftr-365	1189	3	to	to	ADP
ftr-365	1189	4	may	may	PROPN
ftr-365	1189	5	(	(	PUNCT
ftr-365	1189	6	1995	1995	NUM
ftr-365	1189	7	)	)	PUNCT
ftr-365	1189	8	,	,	PUNCT
ftr-365	1189	9	this	this	PRON
ftr-365	1189	10	could	could	AUX
ftr-365	1189	11	establish	establish	VERB
ftr-365	1189	12	the	the	DET
ftr-365	1189	13	authority	authority	NOUN
ftr-365	1189	14	to	to	PART
ftr-365	1189	15	tax	tax	NOUN
ftr-365	1189	16	payments	payment	NOUN
ftr-365	1189	17	under	under	ADP
ftr-365	1189	18	an	an	DET
ftr-365	1189	19	equity	equity	NOUN
ftr-365	1189	20	swap	swap	NOUN
ftr-365	1189	21	.	.	PUNCT
ftr-365	1190	1	276	276	NUM
ftr-365	1190	2	269	269	NUM
ftr-365	1190	3	.	.	PUNCT
ftr-365	1191	1	for	for	ADP
ftr-365	1191	2	example	example	NOUN
ftr-365	1191	3	,	,	PUNCT
ftr-365	1191	4	as	as	SCONJ
ftr-365	1191	5	discussed	discuss	VERB
ftr-365	1191	6	above	above	ADV
ftr-365	1191	7	,	,	PUNCT
ftr-365	1191	8	if	if	SCONJ
ftr-365	1191	9	a	a	DET
ftr-365	1191	10	payment	payment	NOUN
ftr-365	1191	11	is	be	AUX
ftr-365	1191	12	classified	classify	VERB
ftr-365	1191	13	as	as	ADP
ftr-365	1191	14	interest	interest	NOUN
ftr-365	1191	15	,	,	PUNCT
ftr-365	1191	16	it	it	PRON
ftr-365	1191	17	may	may	AUX
ftr-365	1191	18	be	be	AUX
ftr-365	1191	19	subject	subject	ADJ
ftr-365	1191	20	to	to	ADP
ftr-365	1191	21	lower	low	ADJ
ftr-365	1191	22	rate	rate	NOUN
ftr-365	1191	23	then	then	ADV
ftr-365	1191	24	if	if	SCONJ
ftr-365	1191	25	such	such	ADJ
ftr-365	1191	26	payment	payment	NOUN
ftr-365	1191	27	would	would	AUX
ftr-365	1191	28	be	be	AUX
ftr-365	1191	29	treated	treat	VERB
ftr-365	1191	30	as	as	ADP
ftr-365	1191	31	a	a	DET
ftr-365	1191	32	dividend	dividend	NOUN
ftr-365	1191	33	.	.	PUNCT
ftr-365	1192	1	270	270	NUM
ftr-365	1192	2	.	.	PUNCT
ftr-365	1193	1	for	for	ADP
ftr-365	1193	2	examples	example	NOUN
ftr-365	1193	3	of	of	ADP
ftr-365	1193	4	how	how	SCONJ
ftr-365	1193	5	foreign	foreign	ADJ
ftr-365	1193	6	investors	investor	NOUN
ftr-365	1193	7	can	can	AUX
ftr-365	1193	8	avoid	avoid	VERB
ftr-365	1193	9	u.s	u.s	PROPN
ftr-365	1193	10	.	.	PROPN
ftr-365	1193	11	withholding	withhold	VERB
ftr-365	1193	12	taxes	taxis	NOUN
ftr-365	1193	13	using	use	VERB
ftr-365	1193	14	derivatives	derivative	NOUN
ftr-365	1193	15	,	,	PUNCT
ftr-365	1193	16	see	see	VERB
ftr-365	1193	17	gregory	gregory	PROPN
ftr-365	1193	18	may	may	AUX
ftr-365	1193	19	,	,	PUNCT
ftr-365	1193	20	flying	fly	VERB
ftr-365	1193	21	on	on	ADP
ftr-365	1193	22	instruments	instrument	NOUN
ftr-365	1193	23	:	:	PUNCT
ftr-365	1193	24	synthetic	synthetic	ADJ
ftr-365	1193	25	investment	investment	NOUN
ftr-365	1193	26	and	and	CCONJ
ftr-365	1193	27	the	the	DET
ftr-365	1193	28	avoidance	avoidance	NOUN
ftr-365	1193	29	of	of	ADP
ftr-365	1193	30	withholding	withholding	NOUN
ftr-365	1193	31	tax	tax	NOUN
ftr-365	1193	32	,	,	PUNCT
ftr-365	1193	33	73	73	NUM
ftr-365	1193	34	tax	tax	NOUN
ftr-365	1193	35	notes	note	NOUN
ftr-365	1193	36	1225	1225	NUM
ftr-365	1193	37	(	(	PUNCT
ftr-365	1193	38	1996	1996	NUM
ftr-365	1193	39	)	)	PUNCT
ftr-365	1193	40	.	.	PUNCT
ftr-365	1194	1	271	271	NUM
ftr-365	1194	2	.	.	X
ftr-365	1194	3	thuronyi	thuronyi	PROPN
ftr-365	1194	4	,	,	PUNCT
ftr-365	1194	5	supra	supra	PROPN
ftr-365	1194	6	note	note	PROPN
ftr-365	1194	7	10	10	NUM
ftr-365	1194	8	,	,	PUNCT
ftr-365	1194	9	at	at	ADP
ftr-365	1194	10	268	268	NUM
ftr-365	1194	11	.	.	PUNCT
ftr-365	1195	1	272	272	NUM
ftr-365	1195	2	.	.	PUNCT
ftr-365	1196	1	see	see	VERB
ftr-365	1196	2	bruce	bruce	PROPN
ftr-365	1196	3	a.	a.	PROPN
ftr-365	1196	4	elvin	elvin	PROPN
ftr-365	1196	5	,	,	PUNCT
ftr-365	1196	6	the	the	DET
ftr-365	1196	7	recharacterization	recharacterization	NOUN
ftr-365	1196	8	of	of	ADP
ftr-365	1196	9	cross	cross	ADJ
ftr-365	1196	10	-	-	ADJ
ftr-365	1196	11	border	border	ADJ
ftr-365	1196	12	interest	interest	NOUN
ftr-365	1196	13	rate	rate	NOUN
ftr-365	1196	14	swaps	swap	NOUN
ftr-365	1196	15	:	:	PUNCT
ftr-365	1196	16	tax	tax	NOUN
ftr-365	1196	17	consequences	consequence	NOUN
ftr-365	1196	18	and	and	CCONJ
ftr-365	1196	19	beyond	beyond	ADP
ftr-365	1196	20	,	,	PUNCT
ftr-365	1196	21	96	96	NUM
ftr-365	1196	22	tni	tni	NOUN
ftr-365	1196	23	32	32	NUM
ftr-365	1196	24	-	-	SYM
ftr-365	1196	25	21	21	NUM
ftr-365	1196	26	(	(	PUNCT
ftr-365	1196	27	citing	cite	VERB
ftr-365	1196	28	from	from	ADP
ftr-365	1196	29	organization	organization	NOUN
ftr-365	1196	30	for	for	ADP
ftr-365	1196	31	economic	economic	ADJ
ftr-365	1196	32	co	co	NOUN
ftr-365	1196	33	-	-	NOUN
ftr-365	1196	34	operation	operation	NOUN
ftr-365	1196	35	and	and	CCONJ
ftr-365	1196	36	development	development	NOUN
ftr-365	1196	37	,	,	PUNCT
ftr-365	1196	38	taxation	taxation	NOUN
ftr-365	1196	39	of	of	ADP
ftr-365	1196	40	new	new	ADJ
ftr-365	1196	41	financial	financial	ADJ
ftr-365	1196	42	instruments	instrument	NOUN
ftr-365	1196	43	(	(	PUNCT
ftr-365	1196	44	1994	1994	NUM
ftr-365	1196	45	)	)	PUNCT
ftr-365	1196	46	;	;	PUNCT
ftr-365	1196	47	thuronyi	thuronyi	PROPN
ftr-365	1196	48	,	,	PUNCT
ftr-365	1196	49	supra	supra	PROPN
ftr-365	1196	50	note	note	PROPN
ftr-365	1196	51	10	10	NUM
ftr-365	1196	52	,	,	PUNCT
ftr-365	1196	53	at	at	ADP
ftr-365	1196	54	268	268	NUM
ftr-365	1196	55	-	-	SYM
ftr-365	1196	56	9	9	NUM
ftr-365	1196	57	.	.	NOUN
ftr-365	1196	58	273	273	NUM
ftr-365	1196	59	.	.	PUNCT
ftr-365	1197	1	i	i	PRON
ftr-365	1197	2	d.	d.	PROPN
ftr-365	1197	3	274	274	NUM
ftr-365	1197	4	.	.	PUNCT
ftr-365	1198	1	i	i	PRON
ftr-365	1198	2	d.	d.	PROPN
ftr-365	1198	3	275	275	NUM
ftr-365	1198	4	.	.	PUNCT
ftr-365	1199	1	see	see	VERB
ftr-365	1199	2	may	may	AUX
ftr-365	1199	3	,	,	PUNCT
ftr-365	1199	4	supra	supra	PROPN
ftr-365	1199	5	note	note	VERB
ftr-365	1199	6	6	6	NUM
ftr-365	1199	7	,	,	PUNCT
ftr-365	1199	8	(	(	PUNCT
ftr-365	1199	9	citing	cite	VERB
ftr-365	1199	10	the	the	DET
ftr-365	1199	11	1981	1981	NUM
ftr-365	1199	12	u.s	u.s	PROPN
ftr-365	1199	13	.	.	PROPN
ftr-365	1199	14	model	model	PROPN
ftr-365	1199	15	income	income	PROPN
ftr-365	1199	16	tax	tax	PROPN
ftr-365	1199	17	treaty	treaty	PROPN
ftr-365	1199	18	,	,	PUNCT
ftr-365	1199	19	article	article	NOUN
ftr-365	1199	20	.	.	PUNCT
ftr-365	1200	1	10(3	10(3	NUM
ftr-365	1200	2	)	)	PUNCT
ftr-365	1200	3	)	)	PUNCT
ftr-365	1200	4	.	.	PUNCT
ftr-365	1201	1	276	276	X
ftr-365	1201	2	.	.	PUNCT
ftr-365	1202	1	i	i	PRON
ftr-365	1202	2	d.	d.	PROPN
ftr-365	1202	3	see	see	AUX
ftr-365	1202	4	also	also	ADV
ftr-365	1202	5	avi	avi	VERB
ftr-365	1202	6	-	-	PUNCT
ftr-365	1202	7	yonah	yonah	PROPN
ftr-365	1202	8	&	&	CCONJ
ftr-365	1202	9	swartz	swartz	PROPN
ftr-365	1202	10	(	(	PUNCT
ftr-365	1202	11	1997	1997	NUM
ftr-365	1202	12	)	)	PUNCT
ftr-365	1202	13	,	,	PUNCT
ftr-365	1202	14	supra	supra	PROPN
ftr-365	1202	15	note	note	VERB
ftr-365	1202	16	39	39	NUM
ftr-365	1202	17	.	.	PUNCT
ftr-365	1203	1	52	52	NUM
ftr-365	1203	2	florida	florida	PROPN
ftr-365	1203	3	tax	tax	NOUN
ftr-365	1203	4	review	review	NOUN
ftr-365	1203	5	[	[	X
ftr-365	1203	6	vol	vol	NOUN
ftr-365	1203	7	.	.	NOUN
ftr-365	1203	8	9:1	9:1	NUM
ftr-365	1203	9	as	as	ADP
ftr-365	1203	10	to	to	ADP
ftr-365	1203	11	the	the	DET
ftr-365	1203	12	interest	interest	NOUN
ftr-365	1203	13	article	article	NOUN
ftr-365	1203	14	,	,	PUNCT
ftr-365	1203	15	in	in	ADP
ftr-365	1203	16	general	general	ADJ
ftr-365	1203	17	,	,	PUNCT
ftr-365	1203	18	payments	payment	NOUN
ftr-365	1203	19	under	under	ADP
ftr-365	1203	20	a	a	DET
ftr-365	1203	21	derivative	derivative	NOUN
ftr-365	1203	22	are	be	AUX
ftr-365	1203	23	not	not	PART
ftr-365	1203	24	treated	treat	VERB
ftr-365	1203	25	as	as	ADP
ftr-365	1203	26	interest	interest	NOUN
ftr-365	1203	27	because	because	SCONJ
ftr-365	1203	28	they	they	PRON
ftr-365	1203	29	are	be	AUX
ftr-365	1203	30	not	not	PART
ftr-365	1203	31	compensation	compensation	NOUN
ftr-365	1203	32	for	for	ADP
ftr-365	1203	33	the	the	DET
ftr-365	1203	34	use	use	NOUN
ftr-365	1203	35	of	of	ADP
ftr-365	1203	36	money	money	NOUN
ftr-365	1203	37	.	.	PUNCT
ftr-365	1204	1	277	277	NUM
ftr-365	1204	2	the	the	DET
ftr-365	1204	3	only	only	ADJ
ftr-365	1204	4	case	case	NOUN
ftr-365	1204	5	where	where	SCONJ
ftr-365	1204	6	payments	payment	NOUN
ftr-365	1204	7	under	under	ADP
ftr-365	1204	8	a	a	DET
ftr-365	1204	9	derivative	derivative	NOUN
ftr-365	1204	10	could	could	AUX
ftr-365	1204	11	be	be	AUX
ftr-365	1204	12	subject	subject	ADJ
ftr-365	1204	13	to	to	ADP
ftr-365	1204	14	the	the	DET
ftr-365	1204	15	interest	interest	NOUN
ftr-365	1204	16	provision	provision	NOUN
ftr-365	1204	17	is	be	AUX
ftr-365	1204	18	in	in	ADP
ftr-365	1204	19	the	the	DET
ftr-365	1204	20	case	case	NOUN
ftr-365	1204	21	of	of	ADP
ftr-365	1204	22	a	a	DET
ftr-365	1204	23	significant	significant	ADJ
ftr-365	1204	24	non	non	ADJ
ftr-365	1204	25	-	-	ADJ
ftr-365	1204	26	periodic	periodic	ADJ
ftr-365	1204	27	payment	payment	NOUN
ftr-365	1204	28	in	in	ADP
ftr-365	1204	29	a	a	DET
ftr-365	1204	30	notional	notional	ADJ
ftr-365	1204	31	principal	principal	ADJ
ftr-365	1204	32	contract	contract	NOUN
ftr-365	1204	33	that	that	PRON
ftr-365	1204	34	could	could	AUX
ftr-365	1204	35	be	be	AUX
ftr-365	1204	36	treated	treat	VERB
ftr-365	1204	37	as	as	ADP
ftr-365	1204	38	an	an	DET
ftr-365	1204	39	embedded	embed	VERB
ftr-365	1204	40	loan	loan	NOUN
ftr-365	1204	41	under	under	ADP
ftr-365	1204	42	the	the	DET
ftr-365	1204	43	source	source	NOUN
ftr-365	1204	44	country	country	NOUN
ftr-365	1204	45	’s	’s	PART
ftr-365	1204	46	domestic	domestic	ADJ
ftr-365	1204	47	laws	law	NOUN
ftr-365	1204	48	.	.	PUNCT
ftr-365	1205	1	278	278	NUM
ftr-365	1205	2	furthermore	furthermore	ADV
ftr-365	1205	3	,	,	PUNCT
ftr-365	1205	4	some	some	DET
ftr-365	1205	5	treaties	treaty	NOUN
ftr-365	1205	6	do	do	AUX
ftr-365	1205	7	not	not	PART
ftr-365	1205	8	follow	follow	VERB
ftr-365	1205	9	the	the	DET
ftr-365	1205	10	existing	exist	VERB
ftr-365	1205	11	treaty	treaty	NOUN
ftr-365	1205	12	models	model	NOUN
ftr-365	1205	13	as	as	ADV
ftr-365	1205	14	far	far	ADV
ftr-365	1205	15	as	as	SCONJ
ftr-365	1205	16	the	the	DET
ftr-365	1205	17	“	"	PUNCT
ftr-365	1205	18	other	other	ADJ
ftr-365	1205	19	income	income	NOUN
ftr-365	1205	20	”	"	PUNCT
ftr-365	1205	21	article	article	NOUN
ftr-365	1205	22	is	be	AUX
ftr-365	1205	23	concerned	concern	VERB
ftr-365	1205	24	,	,	PUNCT
ftr-365	1205	25	or	or	CCONJ
ftr-365	1205	26	do	do	AUX
ftr-365	1205	27	not	not	PART
ftr-365	1205	28	contain	contain	VERB
ftr-365	1205	29	an	an	DET
ftr-365	1205	30	“	"	PUNCT
ftr-365	1205	31	other	other	ADJ
ftr-365	1205	32	income	income	NOUN
ftr-365	1205	33	”	"	PUNCT
ftr-365	1205	34	article	article	NOUN
ftr-365	1205	35	.	.	PUNCT
ftr-365	1206	1	279	279	NUM
ftr-365	1206	2	“	"	PUNCT
ftr-365	1206	3	moreover	moreover	ADV
ftr-365	1206	4	,	,	PUNCT
ftr-365	1206	5	under	under	ADP
ftr-365	1206	6	the	the	DET
ftr-365	1206	7	u.n	u.n	PROPN
ftr-365	1206	8	.	.	PROPN
ftr-365	1206	9	model	model	PROPN
ftr-365	1206	10	treaty	treaty	PROPN
ftr-365	1206	11	,	,	PUNCT
ftr-365	1206	12	‘	'	PUNCT
ftr-365	1206	13	other	other	ADJ
ftr-365	1206	14	income	income	NOUN
ftr-365	1206	15	’	'	PUNCT
ftr-365	1206	16	arising	arise	VERB
ftr-365	1206	17	in	in	ADP
ftr-365	1206	18	a	a	DET
ftr-365	1206	19	contracting	contracting	NOUN
ftr-365	1206	20	state	state	NOUN
ftr-365	1206	21	may	may	AUX
ftr-365	1206	22	be	be	AUX
ftr-365	1206	23	taxed	tax	VERB
ftr-365	1206	24	in	in	ADP
ftr-365	1206	25	that	that	DET
ftr-365	1206	26	state	state	NOUN
ftr-365	1206	27	[	[	X
ftr-365	1206	28	(	(	PUNCT
ftr-365	1206	29	i.e.	i.e.	X
ftr-365	1206	30	,	,	PUNCT
ftr-365	1206	31	the	the	DET
ftr-365	1206	32	source	source	NOUN
ftr-365	1206	33	country	country	NOUN
ftr-365	1206	34	)	)	PUNCT
ftr-365	1206	35	]	]	PUNCT
ftr-365	1206	36	.	.	PUNCT
ftr-365	1206	37	.	.	PUNCT
ftr-365	1206	38	.	.	PUNCT
ftr-365	1207	1	.	.	PUNCT
ftr-365	1208	1	280	280	NUM
ftr-365	1208	2	thus	thus	ADV
ftr-365	1208	3	,	,	PUNCT
ftr-365	1208	4	a	a	DET
ftr-365	1208	5	country	country	NOUN
ftr-365	1208	6	which	which	PRON
ftr-365	1208	7	has	have	AUX
ftr-365	1208	8	followed	follow	VERB
ftr-365	1208	9	the	the	DET
ftr-365	1208	10	u.n	u.n	PROPN
ftr-365	1208	11	.	.	PROPN
ftr-365	1208	12	model	model	NOUN
ftr-365	1208	13	in	in	ADP
ftr-365	1208	14	its	its	PRON
ftr-365	1208	15	treaties	treaty	NOUN
ftr-365	1208	16	will	will	AUX
ftr-365	1208	17	be	be	AUX
ftr-365	1208	18	able	able	ADJ
ftr-365	1208	19	to	to	PART
ftr-365	1208	20	impose	impose	VERB
ftr-365	1208	21	a	a	DET
ftr-365	1208	22	tax	tax	NOUN
ftr-365	1208	23	on	on	ADP
ftr-365	1208	24	payments	payment	NOUN
ftr-365	1208	25	under	under	ADP
ftr-365	1208	26	derivatives	derivative	NOUN
ftr-365	1208	27	if	if	SCONJ
ftr-365	1208	28	it	it	PRON
ftr-365	1208	29	wishes	wish	VERB
ftr-365	1208	30	,	,	PUNCT
ftr-365	1208	31	in	in	ADP
ftr-365	1208	32	circumstances	circumstance	NOUN
ftr-365	1208	33	where	where	SCONJ
ftr-365	1208	34	these	these	DET
ftr-365	1208	35	payments	payment	NOUN
ftr-365	1208	36	are	be	AUX
ftr-365	1208	37	properly	properly	ADV
ftr-365	1208	38	characterized	characterize	VERB
ftr-365	1208	39	as	as	ADP
ftr-365	1208	40	other	other	ADJ
ftr-365	1208	41	income	income	NOUN
ftr-365	1208	42	.	.	PUNCT
ftr-365	1208	43	”	"	PUNCT
ftr-365	1209	1	281	281	NUM
ftr-365	1209	2	as	as	ADP
ftr-365	1209	3	of	of	ADP
ftr-365	1209	4	today	today	NOUN
ftr-365	1209	5	,	,	PUNCT
ftr-365	1209	6	there	there	PRON
ftr-365	1209	7	is	be	VERB
ftr-365	1209	8	no	no	DET
ftr-365	1209	9	specific	specific	ADJ
ftr-365	1209	10	provision	provision	NOUN
ftr-365	1209	11	in	in	ADP
ftr-365	1209	12	any	any	DET
ftr-365	1209	13	tax	tax	NOUN
ftr-365	1209	14	treaty	treaty	NOUN
ftr-365	1209	15	that	that	PRON
ftr-365	1209	16	allocates	allocate	VERB
ftr-365	1209	17	the	the	DET
ftr-365	1209	18	tax	tax	NOUN
ftr-365	1209	19	on	on	ADP
ftr-365	1209	20	income	income	NOUN
ftr-365	1209	21	from	from	ADP
ftr-365	1209	22	derivatives	derivative	NOUN
ftr-365	1209	23	.	.	PUNCT
ftr-365	1210	1	282	282	NUM
ftr-365	1210	2	it	it	PRON
ftr-365	1210	3	is	be	AUX
ftr-365	1210	4	,	,	PUNCT
ftr-365	1210	5	therefore	therefore	ADV
ftr-365	1210	6	,	,	PUNCT
ftr-365	1210	7	strongly	strongly	ADV
ftr-365	1210	8	suggested	suggest	VERB
ftr-365	1210	9	that	that	SCONJ
ftr-365	1210	10	countries	country	NOUN
ftr-365	1210	11	will	will	AUX
ftr-365	1210	12	consider	consider	VERB
ftr-365	1210	13	adopting	adopt	VERB
ftr-365	1210	14	a	a	DET
ftr-365	1210	15	specific	specific	ADJ
ftr-365	1210	16	provision	provision	NOUN
ftr-365	1210	17	in	in	ADP
ftr-365	1210	18	their	their	PRON
ftr-365	1210	19	tax	tax	NOUN
ftr-365	1210	20	treaties	treaty	NOUN
ftr-365	1210	21	to	to	PART
ftr-365	1210	22	address	address	VERB
ftr-365	1210	23	this	this	DET
ftr-365	1210	24	issue	issue	NOUN
ftr-365	1210	25	.	.	PUNCT
ftr-365	1211	1	consistent	consistent	ADJ
ftr-365	1211	2	with	with	ADP
ftr-365	1211	3	the	the	DET
ftr-365	1211	4	international	international	ADJ
ftr-365	1211	5	consensus	consensus	NOUN
ftr-365	1211	6	over	over	ADP
ftr-365	1211	7	the	the	DET
ftr-365	1211	8	appropriate	appropriate	ADJ
ftr-365	1211	9	treatment	treatment	NOUN
ftr-365	1211	10	of	of	ADP
ftr-365	1211	11	income	income	NOUN
ftr-365	1211	12	from	from	ADP
ftr-365	1211	13	derivatives	derivative	NOUN
ftr-365	1211	14	discussed	discuss	VERB
ftr-365	1211	15	in	in	ADP
ftr-365	1211	16	this	this	DET
ftr-365	1211	17	article	article	NOUN
ftr-365	1211	18	,	,	PUNCT
ftr-365	1211	19	such	such	DET
ftr-365	1211	20	a	a	DET
ftr-365	1211	21	provision	provision	NOUN
ftr-365	1211	22	should	should	AUX
ftr-365	1211	23	specify	specify	VERB
ftr-365	1211	24	that	that	DET
ftr-365	1211	25	income	income	NOUN
ftr-365	1211	26	from	from	ADP
ftr-365	1211	27	a	a	DET
ftr-365	1211	28	derivative	derivative	ADJ
ftr-365	1211	29	transaction	transaction	NOUN
ftr-365	1211	30	should	should	AUX
ftr-365	1211	31	generally	generally	ADV
ftr-365	1211	32	be	be	AUX
ftr-365	1211	33	taxed	tax	VERB
ftr-365	1211	34	by	by	ADP
ftr-365	1211	35	the	the	DET
ftr-365	1211	36	residency	residency	NOUN
ftr-365	1211	37	country	country	NOUN
ftr-365	1211	38	,	,	PUNCT
ftr-365	1211	39	unless	unless	SCONJ
ftr-365	1211	40	it	it	PRON
ftr-365	1211	41	falls	fall	VERB
ftr-365	1211	42	under	under	ADP
ftr-365	1211	43	other	other	ADJ
ftr-365	1211	44	treaty	treaty	NOUN
ftr-365	1211	45	provisions	provision	NOUN
ftr-365	1211	46	such	such	ADJ
ftr-365	1211	47	as	as	ADP
ftr-365	1211	48	interest	interest	NOUN
ftr-365	1211	49	(	(	PUNCT
ftr-365	1211	50	e.g.	e.g.	ADV
ftr-365	1211	51	,	,	PUNCT
ftr-365	1211	52	in	in	ADP
ftr-365	1211	53	the	the	DET
ftr-365	1211	54	case	case	NOUN
ftr-365	1211	55	of	of	ADP
ftr-365	1211	56	embedded	embed	VERB
ftr-365	1211	57	loans	loan	NOUN
ftr-365	1211	58	)	)	PUNCT
ftr-365	1211	59	,	,	PUNCT
ftr-365	1211	60	dividend	dividend	NOUN
ftr-365	1211	61	or	or	CCONJ
ftr-365	1211	62	business	business	NOUN
ftr-365	1211	63	income	income	NOUN
ftr-365	1211	64	.	.	PUNCT
ftr-365	1212	1	obviously	obviously	ADV
ftr-365	1212	2	,	,	PUNCT
ftr-365	1212	3	the	the	DET
ftr-365	1212	4	u.s	u.s	PROPN
ftr-365	1212	5	.	.	PROPN
ftr-365	1212	6	,	,	PUNCT
ftr-365	1212	7	oecd	oecd	PROPN
ftr-365	1212	8	,	,	PUNCT
ftr-365	1212	9	and	and	CCONJ
ftr-365	1212	10	u.n	u.n	PROPN
ftr-365	1212	11	.	.	PROPN
ftr-365	1212	12	must	must	AUX
ftr-365	1212	13	assist	assist	VERB
ftr-365	1212	14	in	in	ADP
ftr-365	1212	15	revising	revise	VERB
ftr-365	1212	16	their	their	PRON
ftr-365	1212	17	treaty	treaty	NOUN
ftr-365	1212	18	models	model	NOUN
ftr-365	1212	19	to	to	PART
ftr-365	1212	20	include	include	VERB
ftr-365	1212	21	specific	specific	ADJ
ftr-365	1212	22	rules	rule	NOUN
ftr-365	1212	23	for	for	ADP
ftr-365	1212	24	derivatives	derivative	NOUN
ftr-365	1212	25	.	.	PUNCT
ftr-365	1213	1	277	277	NUM
ftr-365	1213	2	.	.	PUNCT
ftr-365	1213	3	thuronyi	thuronyi	PROPN
ftr-365	1213	4	,	,	PUNCT
ftr-365	1213	5	supra	supra	PROPN
ftr-365	1213	6	note	note	PROPN
ftr-365	1213	7	10	10	NUM
ftr-365	1213	8	,	,	PUNCT
ftr-365	1213	9	at	at	ADP
ftr-365	1213	10	269	269	NUM
ftr-365	1213	11	.	.	NOUN
ftr-365	1213	12	278	278	NUM
ftr-365	1213	13	.	.	PUNCT
ftr-365	1214	1	i	i	PRON
ftr-365	1214	2	d.	d.	PROPN
ftr-365	1214	3	(	(	PUNCT
ftr-365	1214	4	illustrating	illustrate	VERB
ftr-365	1214	5	as	as	SCONJ
ftr-365	1214	6	follows	follow	VERB
ftr-365	1214	7	:	:	PUNCT
ftr-365	1214	8	“	"	PUNCT
ftr-365	1214	9	party	party	VERB
ftr-365	1214	10	a	a	DET
ftr-365	1214	11	makes	make	VERB
ftr-365	1214	12	a	a	DET
ftr-365	1214	13	payment	payment	NOUN
ftr-365	1214	14	to	to	ADP
ftr-365	1214	15	party	party	PROPN
ftr-365	1214	16	b	b	PROPN
ftr-365	1214	17	of	of	ADP
ftr-365	1214	18	u.s	u.s	PROPN
ftr-365	1214	19	.	.	PROPN
ftr-365	1214	20	$	$	SYM
ftr-365	1214	21	1,000	1,000	NUM
ftr-365	1214	22	,	,	PUNCT
ftr-365	1214	23	then	then	ADV
ftr-365	1214	24	b	b	PROPN
ftr-365	1214	25	pays	pay	VERB
ftr-365	1214	26	a	a	DET
ftr-365	1214	27	u.s	u.s	PROPN
ftr-365	1214	28	.	.	PROPN
ftr-365	1214	29	$	$	SYM
ftr-365	1214	30	100	100	NUM
ftr-365	1214	31	for	for	ADP
ftr-365	1214	32	five	five	NUM
ftr-365	1214	33	years	year	NOUN
ftr-365	1214	34	and	and	CCONJ
ftr-365	1214	35	u.s	u.s	PROPN
ftr-365	1214	36	.	.	PROPN
ftr-365	1214	37	$	$	SYM
ftr-365	1214	38	1,100	1,100	NUM
ftr-365	1214	39	in	in	ADP
ftr-365	1214	40	the	the	DET
ftr-365	1214	41	sixth	sixth	ADJ
ftr-365	1214	42	and	and	CCONJ
ftr-365	1214	43	final	final	ADJ
ftr-365	1214	44	year	year	NOUN
ftr-365	1214	45	.	.	PUNCT
ftr-365	1215	1	this	this	PRON
ftr-365	1215	2	is	be	AUX
ftr-365	1215	3	nothing	nothing	PRON
ftr-365	1215	4	but	but	SCONJ
ftr-365	1215	5	a	a	DET
ftr-365	1215	6	loan	loan	NOUN
ftr-365	1215	7	at	at	ADP
ftr-365	1215	8	10	10	NUM
ftr-365	1215	9	%	%	NOUN
ftr-365	1215	10	annual	annual	ADJ
ftr-365	1215	11	interest	interest	NOUN
ftr-365	1215	12	,	,	PUNCT
ftr-365	1215	13	even	even	ADV
ftr-365	1215	14	though	though	SCONJ
ftr-365	1215	15	the	the	DET
ftr-365	1215	16	payments	payment	NOUN
ftr-365	1215	17	are	be	AUX
ftr-365	1215	18	called	call	VERB
ftr-365	1215	19	swap	swap	NOUN
ftr-365	1215	20	payments	payment	NOUN
ftr-365	1215	21	.	.	PUNCT
ftr-365	1216	1	under	under	ADP
ftr-365	1216	2	a	a	DET
ftr-365	1216	3	rule	rule	NOUN
ftr-365	1216	4	that	that	PRON
ftr-365	1216	5	treated	treat	VERB
ftr-365	1216	6	as	as	ADP
ftr-365	1216	7	interest	interest	NOUN
ftr-365	1216	8	the	the	DET
ftr-365	1216	9	implicit	implicit	ADJ
ftr-365	1216	10	interest	interest	NOUN
ftr-365	1216	11	due	due	ADP
ftr-365	1216	12	to	to	ADP
ftr-365	1216	13	differences	difference	NOUN
ftr-365	1216	14	in	in	ADP
ftr-365	1216	15	timing	timing	NOUN
ftr-365	1216	16	of	of	ADP
ftr-365	1216	17	payments	payment	NOUN
ftr-365	1216	18	under	under	ADP
ftr-365	1216	19	a	a	DET
ftr-365	1216	20	swap	swap	NOUN
ftr-365	1216	21	,	,	PUNCT
ftr-365	1216	22	an	an	DET
ftr-365	1216	23	appropriate	appropriate	ADJ
ftr-365	1216	24	portion	portion	NOUN
ftr-365	1216	25	of	of	ADP
ftr-365	1216	26	the	the	DET
ftr-365	1216	27	payments	payment	NOUN
ftr-365	1216	28	would	would	AUX
ftr-365	1216	29	be	be	AUX
ftr-365	1216	30	characterized	characterize	VERB
ftr-365	1216	31	as	as	ADP
ftr-365	1216	32	interest	interest	NOUN
ftr-365	1216	33	.	.	PUNCT
ftr-365	1216	34	”	"	PUNCT
ftr-365	1216	35	)	)	PUNCT
ftr-365	1216	36	.	.	PUNCT
ftr-365	1217	1	279	279	NUM
ftr-365	1217	2	.	.	PUNCT
ftr-365	1217	3	thuronyi	thuronyi	PROPN
ftr-365	1217	4	,	,	PUNCT
ftr-365	1217	5	supra	supra	PROPN
ftr-365	1217	6	note	note	PROPN
ftr-365	1217	7	10	10	NUM
ftr-365	1217	8	,	,	PUNCT
ftr-365	1217	9	at	at	ADP
ftr-365	1217	10	269	269	NUM
ftr-365	1217	11	.	.	PUNCT
ftr-365	1218	1	the	the	DET
ftr-365	1218	2	“	"	PUNCT
ftr-365	1218	3	other	other	ADJ
ftr-365	1218	4	income	income	NOUN
ftr-365	1218	5	”	"	PUNCT
ftr-365	1218	6	article	article	NOUN
ftr-365	1218	7	exists	exist	VERB
ftr-365	1218	8	in	in	ADP
ftr-365	1218	9	most	most	ADJ
ftr-365	1218	10	u.s	u.s	PROPN
ftr-365	1218	11	.	.	PROPN
ftr-365	1218	12	treaties	treaty	NOUN
ftr-365	1218	13	and	and	CCONJ
ftr-365	1218	14	in	in	ADP
ftr-365	1218	15	most	most	ADJ
ftr-365	1218	16	cases	case	NOUN
ftr-365	1218	17	,	,	PUNCT
ftr-365	1218	18	it	it	PRON
ftr-365	1218	19	allows	allow	VERB
ftr-365	1218	20	the	the	DET
ftr-365	1218	21	country	country	NOUN
ftr-365	1218	22	of	of	ADP
ftr-365	1218	23	residency	residency	NOUN
ftr-365	1218	24	to	to	PART
ftr-365	1218	25	tax	tax	VERB
ftr-365	1218	26	unspecified	unspecified	ADJ
ftr-365	1218	27	“	"	PUNCT
ftr-365	1218	28	other	other	ADJ
ftr-365	1218	29	income	income	NOUN
ftr-365	1218	30	.	.	PUNCT
ftr-365	1218	31	”	"	PUNCT
ftr-365	1219	1	see	see	VERB
ftr-365	1219	2	generally	generally	ADV
ftr-365	1219	3	,	,	PUNCT
ftr-365	1219	4	treaties	treaty	NOUN
ftr-365	1219	5	with	with	ADP
ftr-365	1219	6	germany	germany	PROPN
ftr-365	1219	7	,	,	PUNCT
ftr-365	1219	8	france	france	PROPN
ftr-365	1219	9	and	and	CCONJ
ftr-365	1219	10	the	the	DET
ftr-365	1219	11	netherlands	netherlands	PROPN
ftr-365	1219	12	,	,	PUNCT
ftr-365	1219	13	and	and	CCONJ
ftr-365	1219	14	article	article	NOUN
ftr-365	1219	15	21(1	21(1	NUM
ftr-365	1219	16	)	)	PUNCT
ftr-365	1219	17	to	to	ADP
ftr-365	1219	18	the	the	DET
ftr-365	1219	19	1996	1996	NUM
ftr-365	1219	20	u.s	u.s	PROPN
ftr-365	1219	21	.	.	PROPN
ftr-365	1219	22	model	model	PROPN
ftr-365	1219	23	income	income	PROPN
ftr-365	1219	24	tax	tax	PROPN
ftr-365	1219	25	treaty	treaty	NOUN
ftr-365	1219	26	.	.	PUNCT
ftr-365	1220	1	280	280	NUM
ftr-365	1220	2	.	.	PUNCT
ftr-365	1221	1	i	i	PRON
ftr-365	1221	2	d.	d.	PROPN
ftr-365	1221	3	281	281	NUM
ftr-365	1221	4	.	.	PUNCT
ftr-365	1222	1	i	i	PRON
ftr-365	1222	2	d.	d.	PROPN
ftr-365	1222	3	282	282	NUM
ftr-365	1222	4	.	.	PUNCT
ftr-365	1223	1	see	see	VERB
ftr-365	1223	2	oecd	oecd	PROPN
ftr-365	1223	3	report	report	PROPN
ftr-365	1223	4	(	(	PUNCT
ftr-365	1223	5	1994	1994	NUM
ftr-365	1223	6	)	)	PUNCT
ftr-365	1223	7	(	(	PUNCT
ftr-365	1223	8	“	"	PUNCT
ftr-365	1223	9	there	there	PRON
ftr-365	1223	10	is	be	VERB
ftr-365	1223	11	no	no	DET
ftr-365	1223	12	consistency	consistency	NOUN
ftr-365	1223	13	in	in	ADP
ftr-365	1223	14	the	the	DET
ftr-365	1223	15	way	way	NOUN
ftr-365	1223	16	countries	country	NOUN
ftr-365	1223	17	classify	classify	VERB
ftr-365	1223	18	[	[	X
ftr-365	1223	19	derivatives	derivative	NOUN
ftr-365	1223	20	]	]	PUNCT
ftr-365	1223	21	payments	payment	NOUN
ftr-365	1223	22	when	when	SCONJ
ftr-365	1223	23	applying	apply	VERB
ftr-365	1223	24	treaties	treaty	NOUN
ftr-365	1223	25	.	.	PUNCT
ftr-365	1223	26	”	"	PUNCT
ftr-365	1223	27	)	)	PUNCT
ftr-365	1223	28	.	.	PUNCT
ftr-365	1224	1	2008	2008	NUM
ftr-365	1224	2	]	]	PUNCT
ftr-365	1225	1	the	the	DET
ftr-365	1225	2	case	case	NOUN
ftr-365	1225	3	for	for	ADP
ftr-365	1225	4	residency	residency	NOUN
ftr-365	1225	5	-	-	PUNCT
ftr-365	1225	6	based	base	VERB
ftr-365	1225	7	taxation	taxation	NOUN
ftr-365	1225	8	53	53	NUM
ftr-365	1225	9	d.	d.	PROPN
ftr-365	1225	10	investing	investing	NOUN
ftr-365	1225	11	and	and	CCONJ
ftr-365	1225	12	trading	trading	NOUN
ftr-365	1225	13	in	in	ADP
ftr-365	1225	14	securities	security	NOUN
ftr-365	1225	15	as	as	SCONJ
ftr-365	1225	16	set	set	VERB
ftr-365	1225	17	forth	forth	ADV
ftr-365	1225	18	above	above	ADV
ftr-365	1225	19	,	,	PUNCT
ftr-365	1225	20	if	if	SCONJ
ftr-365	1225	21	a	a	DET
ftr-365	1225	22	foreign	foreign	ADJ
ftr-365	1225	23	person	person	NOUN
ftr-365	1225	24	conducts	conduct	VERB
ftr-365	1225	25	business	business	NOUN
ftr-365	1225	26	activities	activity	NOUN
ftr-365	1225	27	in	in	ADP
ftr-365	1225	28	the	the	DET
ftr-365	1225	29	united	united	PROPN
ftr-365	1225	30	states	states	PROPN
ftr-365	1225	31	,	,	PUNCT
ftr-365	1225	32	it	it	PRON
ftr-365	1225	33	will	will	AUX
ftr-365	1225	34	generally	generally	ADV
ftr-365	1225	35	be	be	AUX
ftr-365	1225	36	subject	subject	ADJ
ftr-365	1225	37	to	to	ADP
ftr-365	1225	38	u.s	u.s	PROPN
ftr-365	1225	39	.	.	PROPN
ftr-365	1225	40	income	income	NOUN
ftr-365	1225	41	tax	tax	NOUN
ftr-365	1225	42	on	on	ADP
ftr-365	1225	43	its	its	PRON
ftr-365	1225	44	income	income	NOUN
ftr-365	1225	45	that	that	PRON
ftr-365	1225	46	is	be	AUX
ftr-365	1225	47	effectively	effectively	ADV
ftr-365	1225	48	connected	connect	VERB
ftr-365	1225	49	with	with	ADP
ftr-365	1225	50	that	that	DET
ftr-365	1225	51	trade	trade	NOUN
ftr-365	1225	52	or	or	CCONJ
ftr-365	1225	53	business	business	NOUN
ftr-365	1225	54	.	.	PUNCT
ftr-365	1226	1	283	283	NUM
ftr-365	1226	2	this	this	DET
ftr-365	1226	3	standard	standard	NOUN
ftr-365	1226	4	is	be	AUX
ftr-365	1226	5	generally	generally	ADV
ftr-365	1226	6	accepted	accept	VERB
ftr-365	1226	7	in	in	ADP
ftr-365	1226	8	most	most	ADJ
ftr-365	1226	9	countries	country	NOUN
ftr-365	1226	10	as	as	ADV
ftr-365	1226	11	well	well	ADV
ftr-365	1226	12	as	as	ADP
ftr-365	1226	13	in	in	ADP
ftr-365	1226	14	tax	tax	NOUN
ftr-365	1226	15	treaties	treaty	NOUN
ftr-365	1226	16	(	(	PUNCT
ftr-365	1226	17	only	only	ADV
ftr-365	1226	18	the	the	DET
ftr-365	1226	19	standard	standard	NOUN
ftr-365	1226	20	is	be	AUX
ftr-365	1226	21	slightly	slightly	ADV
ftr-365	1226	22	different	different	ADJ
ftr-365	1226	23	,	,	PUNCT
ftr-365	1226	24	namely	namely	ADV
ftr-365	1226	25	income	income	NOUN
ftr-365	1226	26	that	that	PRON
ftr-365	1226	27	is	be	AUX
ftr-365	1226	28	“	"	PUNCT
ftr-365	1226	29	attributable	attributable	ADJ
ftr-365	1226	30	”	"	PUNCT
ftr-365	1226	31	to	to	ADP
ftr-365	1226	32	a	a	DET
ftr-365	1226	33	“	"	PUNCT
ftr-365	1226	34	permanent	permanent	ADJ
ftr-365	1226	35	establishment	establishment	NOUN
ftr-365	1226	36	”	"	PUNCT
ftr-365	1226	37	)	)	PUNCT
ftr-365	1226	38	.	.	PUNCT
ftr-365	1227	1	284	284	NUM
ftr-365	1227	2	the	the	DET
ftr-365	1227	3	u.s	u.s	PROPN
ftr-365	1227	4	.	.	PROPN
ftr-365	1227	5	internal	internal	PROPN
ftr-365	1227	6	revenue	revenue	PROPN
ftr-365	1227	7	code	code	NOUN
ftr-365	1227	8	provides	provide	VERB
ftr-365	1227	9	safe	safe	ADJ
ftr-365	1227	10	harbor	harbor	NOUN
ftr-365	1227	11	exceptions	exception	NOUN
ftr-365	1227	12	,	,	PUNCT
ftr-365	1227	13	however	however	ADV
ftr-365	1227	14	,	,	PUNCT
ftr-365	1227	15	for	for	ADP
ftr-365	1227	16	business	business	NOUN
ftr-365	1227	17	activities	activity	NOUN
ftr-365	1227	18	that	that	PRON
ftr-365	1227	19	consist	consist	VERB
ftr-365	1227	20	of	of	ADP
ftr-365	1227	21	(	(	PUNCT
ftr-365	1227	22	i	i	NOUN
ftr-365	1227	23	)	)	PUNCT
ftr-365	1227	24	trading	trading	NOUN
ftr-365	1227	25	in	in	ADP
ftr-365	1227	26	securities	security	NOUN
ftr-365	1227	27	and	and	CCONJ
ftr-365	1227	28	commodities	commodity	NOUN
ftr-365	1227	29	through	through	ADP
ftr-365	1227	30	an	an	DET
ftr-365	1227	31	independent	independent	ADJ
ftr-365	1227	32	agent	agent	NOUN
ftr-365	1227	33	in	in	ADP
ftr-365	1227	34	the	the	DET
ftr-365	1227	35	united	united	PROPN
ftr-365	1227	36	states	states	PROPN
ftr-365	1227	37	(	(	PUNCT
ftr-365	1227	38	if	if	SCONJ
ftr-365	1227	39	the	the	DET
ftr-365	1227	40	taxpayer	taxpayer	NOUN
ftr-365	1227	41	does	do	AUX
ftr-365	1227	42	not	not	PART
ftr-365	1227	43	maintain	maintain	VERB
ftr-365	1227	44	a	a	DET
ftr-365	1227	45	u.s	u.s	PROPN
ftr-365	1227	46	.	.	PROPN
ftr-365	1227	47	office	office	NOUN
ftr-365	1227	48	through	through	ADP
ftr-365	1227	49	which	which	PRON
ftr-365	1227	50	the	the	DET
ftr-365	1227	51	transactions	transaction	NOUN
ftr-365	1227	52	are	be	AUX
ftr-365	1227	53	effected	effect	VERB
ftr-365	1227	54	)	)	PUNCT
ftr-365	1227	55	,	,	PUNCT
ftr-365	1227	56	and	and	CCONJ
ftr-365	1227	57	(	(	PUNCT
ftr-365	1227	58	ii	ii	NOUN
ftr-365	1227	59	)	)	PUNCT
ftr-365	1227	60	trading	trading	NOUN
ftr-365	1227	61	in	in	ADP
ftr-365	1227	62	securities	security	NOUN
ftr-365	1227	63	and	and	CCONJ
ftr-365	1227	64	commodities	commodity	NOUN
ftr-365	1227	65	for	for	ADP
ftr-365	1227	66	the	the	DET
ftr-365	1227	67	taxpayer	taxpayer	NOUN
ftr-365	1227	68	’s	’s	PART
ftr-365	1227	69	own	own	ADJ
ftr-365	1227	70	account	account	NOUN
ftr-365	1227	71	(	(	PUNCT
ftr-365	1227	72	if	if	SCONJ
ftr-365	1227	73	the	the	DET
ftr-365	1227	74	taxpayer	taxpayer	NOUN
ftr-365	1227	75	is	be	AUX
ftr-365	1227	76	not	not	PART
ftr-365	1227	77	a	a	DET
ftr-365	1227	78	dealer	dealer	NOUN
ftr-365	1227	79	)	)	PUNCT
ftr-365	1227	80	.	.	PUNCT
ftr-365	1228	1	285	285	NUM
ftr-365	1228	2	in	in	ADP
ftr-365	1228	3	general	general	ADJ
ftr-365	1228	4	,	,	PUNCT
ftr-365	1228	5	these	these	DET
ftr-365	1228	6	safe	safe	ADJ
ftr-365	1228	7	harbors	harbor	NOUN
ftr-365	1228	8	are	be	AUX
ftr-365	1228	9	applicable	applicable	ADJ
ftr-365	1228	10	to	to	ADP
ftr-365	1228	11	traders	trader	NOUN
ftr-365	1228	12	and	and	CCONJ
ftr-365	1228	13	investors	investor	NOUN
ftr-365	1228	14	in	in	ADP
ftr-365	1228	15	securities	security	NOUN
ftr-365	1228	16	but	but	CCONJ
ftr-365	1228	17	not	not	PART
ftr-365	1228	18	to	to	ADP
ftr-365	1228	19	dealers	dealer	NOUN
ftr-365	1228	20	.	.	PUNCT
ftr-365	1229	1	286	286	NUM
ftr-365	1229	2	“	"	PUNCT
ftr-365	1229	3	securities	security	NOUN
ftr-365	1229	4	”	"	PUNCT
ftr-365	1229	5	are	be	AUX
ftr-365	1229	6	defined	define	VERB
ftr-365	1229	7	for	for	ADP
ftr-365	1229	8	this	this	DET
ftr-365	1229	9	purpose	purpose	NOUN
ftr-365	1229	10	as	as	ADP
ftr-365	1229	11	“	"	PUNCT
ftr-365	1229	12	any	any	DET
ftr-365	1229	13	note	note	NOUN
ftr-365	1229	14	,	,	PUNCT
ftr-365	1229	15	bond	bond	NOUN
ftr-365	1229	16	,	,	PUNCT
ftr-365	1229	17	debenture	debenture	NOUN
ftr-365	1229	18	,	,	PUNCT
ftr-365	1229	19	or	or	CCONJ
ftr-365	1229	20	other	other	ADJ
ftr-365	1229	21	evidence	evidence	NOUN
ftr-365	1229	22	of	of	ADP
ftr-365	1229	23	indebtedness	indebtedness	NOUN
ftr-365	1229	24	,	,	PUNCT
ftr-365	1229	25	or	or	CCONJ
ftr-365	1229	26	any	any	DET
ftr-365	1229	27	evidence	evidence	NOUN
ftr-365	1229	28	of	of	ADP
ftr-365	1229	29	an	an	DET
ftr-365	1229	30	interest	interest	NOUN
ftr-365	1229	31	in	in	ADP
ftr-365	1229	32	or	or	CCONJ
ftr-365	1229	33	right	right	ADJ
ftr-365	1229	34	to	to	PART
ftr-365	1229	35	subscribe	subscribe	VERB
ftr-365	1229	36	to	to	ADP
ftr-365	1229	37	or	or	CCONJ
ftr-365	1229	38	purchase	purchase	VERB
ftr-365	1229	39	any	any	PRON
ftr-365	1229	40	of	of	ADP
ftr-365	1229	41	the	the	DET
ftr-365	1229	42	foregoing	foregoing	NOUN
ftr-365	1229	43	;	;	PUNCT
ftr-365	1229	44	and	and	CCONJ
ftr-365	1229	45	the	the	DET
ftr-365	1229	46	effecting	effecting	NOUN
ftr-365	1229	47	of	of	ADP
ftr-365	1229	48	transactions	transaction	NOUN
ftr-365	1229	49	in	in	ADP
ftr-365	1229	50	stocks	stock	NOUN
ftr-365	1229	51	or	or	CCONJ
ftr-365	1229	52	securities	security	NOUN
ftr-365	1229	53	includes	include	VERB
ftr-365	1229	54	buying	buying	NOUN
ftr-365	1229	55	,	,	PUNCT
ftr-365	1229	56	selling	sell	VERB
ftr-365	1229	57	(	(	PUNCT
ftr-365	1229	58	whether	whether	SCONJ
ftr-365	1229	59	or	or	CCONJ
ftr-365	1229	60	not	not	PART
ftr-365	1229	61	by	by	ADP
ftr-365	1229	62	entering	enter	VERB
ftr-365	1229	63	into	into	ADP
ftr-365	1229	64	short	short	ADJ
ftr-365	1229	65	sales	sale	NOUN
ftr-365	1229	66	)	)	PUNCT
ftr-365	1229	67	,	,	PUNCT
ftr-365	1229	68	or	or	CCONJ
ftr-365	1229	69	trading	trading	NOUN
ftr-365	1229	70	in	in	ADP
ftr-365	1229	71	stocks	stock	NOUN
ftr-365	1229	72	,	,	PUNCT
ftr-365	1229	73	securities	security	NOUN
ftr-365	1229	74	,	,	PUNCT
ftr-365	1229	75	or	or	CCONJ
ftr-365	1229	76	contracts	contract	NOUN
ftr-365	1229	77	or	or	CCONJ
ftr-365	1229	78	options	option	NOUN
ftr-365	1229	79	to	to	PART
ftr-365	1229	80	buy	buy	VERB
ftr-365	1229	81	or	or	CCONJ
ftr-365	1229	82	sell	sell	VERB
ftr-365	1229	83	stocks	stock	NOUN
ftr-365	1229	84	or	or	CCONJ
ftr-365	1229	85	securities	security	NOUN
ftr-365	1229	86	,	,	PUNCT
ftr-365	1229	87	on	on	ADP
ftr-365	1229	88	margin	margin	NOUN
ftr-365	1229	89	or	or	CCONJ
ftr-365	1229	90	otherwise	otherwise	ADV
ftr-365	1229	91	,	,	PUNCT
ftr-365	1229	92	for	for	ADP
ftr-365	1229	93	the	the	DET
ftr-365	1229	94	account	account	NOUN
ftr-365	1229	95	and	and	CCONJ
ftr-365	1229	96	risk	risk	NOUN
ftr-365	1229	97	of	of	ADP
ftr-365	1229	98	the	the	DET
ftr-365	1229	99	taxpayer	taxpayer	NOUN
ftr-365	1229	100	,	,	PUNCT
ftr-365	1229	101	and	and	CCONJ
ftr-365	1229	102	any	any	DET
ftr-365	1229	103	other	other	ADJ
ftr-365	1229	104	activity	activity	NOUN
ftr-365	1229	105	closely	closely	ADV
ftr-365	1229	106	related	relate	VERB
ftr-365	1229	107	thereto	thereto	VERB
ftr-365	1229	108	(	(	PUNCT
ftr-365	1229	109	such	such	ADJ
ftr-365	1229	110	as	as	ADP
ftr-365	1229	111	obtaining	obtain	VERB
ftr-365	1229	112	credit	credit	NOUN
ftr-365	1229	113	for	for	ADP
ftr-365	1229	114	the	the	DET
ftr-365	1229	115	purpose	purpose	NOUN
ftr-365	1229	116	of	of	ADP
ftr-365	1229	117	effectuating	effectuate	VERB
ftr-365	1229	118	such	such	ADJ
ftr-365	1229	119	buying	buying	NOUN
ftr-365	1229	120	,	,	PUNCT
ftr-365	1229	121	selling	selling	NOUN
ftr-365	1229	122	,	,	PUNCT
ftr-365	1229	123	or	or	CCONJ
ftr-365	1229	124	trading	trading	NOUN
ftr-365	1229	125	)	)	PUNCT
ftr-365	1229	126	.	.	PUNCT
ftr-365	1229	127	”	"	PUNCT
ftr-365	1230	1	287	287	NUM
ftr-365	1230	2	while	while	SCONJ
ftr-365	1230	3	these	these	DET
ftr-365	1230	4	safe	safe	ADJ
ftr-365	1230	5	harbors	harbor	NOUN
ftr-365	1230	6	were	be	AUX
ftr-365	1230	7	originally	originally	ADV
ftr-365	1230	8	enacted	enact	VERB
ftr-365	1230	9	prior	prior	ADV
ftr-365	1230	10	to	to	ADP
ftr-365	1230	11	the	the	DET
ftr-365	1230	12	explosion	explosion	NOUN
ftr-365	1230	13	in	in	ADP
ftr-365	1230	14	the	the	DET
ftr-365	1230	15	use	use	NOUN
ftr-365	1230	16	of	of	ADP
ftr-365	1230	17	derivatives	derivative	NOUN
ftr-365	1230	18	,	,	PUNCT
ftr-365	1230	19	the	the	DET
ftr-365	1230	20	treasury	treasury	NOUN
ftr-365	1230	21	and	and	CCONJ
ftr-365	1230	22	the	the	DET
ftr-365	1230	23	irs	irs	PROPN
ftr-365	1230	24	have	have	AUX
ftr-365	1230	25	endeavored	endeavor	VERB
ftr-365	1230	26	to	to	PART
ftr-365	1230	27	modernize	modernize	VERB
ftr-365	1230	28	the	the	DET
ftr-365	1230	29	rules	rule	NOUN
ftr-365	1230	30	by	by	ADP
ftr-365	1230	31	issuing	issue	VERB
ftr-365	1230	32	proposed	propose	VERB
ftr-365	1230	33	regulations	regulation	NOUN
ftr-365	1230	34	that	that	PRON
ftr-365	1230	35	would	would	AUX
ftr-365	1230	36	extend	extend	VERB
ftr-365	1230	37	the	the	DET
ftr-365	1230	38	safe	safe	ADJ
ftr-365	1230	39	harbors	harbor	NOUN
ftr-365	1230	40	to	to	ADP
ftr-365	1230	41	trading	trade	VERB
ftr-365	1230	42	in	in	ADP
ftr-365	1230	43	a	a	DET
ftr-365	1230	44	wide	wide	ADJ
ftr-365	1230	45	variety	variety	NOUN
ftr-365	1230	46	of	of	ADP
ftr-365	1230	47	derivatives	derivative	NOUN
ftr-365	1230	48	,	,	PUNCT
ftr-365	1230	49	including	include	VERB
ftr-365	1230	50	“	"	PUNCT
ftr-365	1230	51	interest	interest	NOUN
ftr-365	1230	52	rate	rate	NOUN
ftr-365	1230	53	,	,	PUNCT
ftr-365	1230	54	currency	currency	NOUN
ftr-365	1230	55	,	,	PUNCT
ftr-365	1230	56	equity	equity	NOUN
ftr-365	1230	57	[	[	X
ftr-365	1230	58	and	and	CCONJ
ftr-365	1230	59	]	]	PUNCT
ftr-365	1230	60	commodity	commodity	NOUN
ftr-365	1230	61	notional	notional	ADJ
ftr-365	1230	62	principal	principal	NOUN
ftr-365	1230	63	contract[s	contract[s	NOUN
ftr-365	1230	64	]	]	PUNCT
ftr-365	1230	65	.	.	PUNCT
ftr-365	1230	66	”	"	PUNCT
ftr-365	1231	1	288	288	NUM
ftr-365	1231	2	in	in	ADP
ftr-365	1231	3	many	many	ADJ
ftr-365	1231	4	cases	case	NOUN
ftr-365	1231	5	,	,	PUNCT
ftr-365	1231	6	derivatives	derivative	NOUN
ftr-365	1231	7	are	be	AUX
ftr-365	1231	8	283	283	NUM
ftr-365	1231	9	.	.	PUNCT
ftr-365	1232	1	see	see	VERB
ftr-365	1232	2	inverworld	inverworld	NOUN
ftr-365	1232	3	v.	v.	ADP
ftr-365	1232	4	comm’r	comm’r	NOUN
ftr-365	1232	5	,	,	PUNCT
ftr-365	1233	1	71	71	NUM
ftr-365	1233	2	t.c	t.c	PROPN
ftr-365	1233	3	.	.	PROPN
ftr-365	1233	4	memo	memo	NOUN
ftr-365	1233	5	(	(	PUNCT
ftr-365	1233	6	cch	cch	NOUN
ftr-365	1233	7	)	)	PUNCT
ftr-365	1233	8	3231	3231	NUM
ftr-365	1233	9	,	,	PUNCT
ftr-365	1233	10	3237	3237	NUM
ftr-365	1233	11	-	-	SYM
ftr-365	1233	12	18	18	NUM
ftr-365	1233	13	,	,	PUNCT
ftr-365	1233	14	1996	1996	NUM
ftr-365	1233	15	t.c	t.c	PROPN
ftr-365	1233	16	.	.	PROPN
ftr-365	1233	17	memo	memo	NOUN
ftr-365	1233	18	(	(	PUNCT
ftr-365	1233	19	ria	ria	PROPN
ftr-365	1233	20	)	)	PUNCT
ftr-365	1233	21	¶	¶	PROPN
ftr-365	1233	22	96,301	96,301	NUM
ftr-365	1233	23	,	,	PUNCT
ftr-365	1233	24	2104	2104	NUM
ftr-365	1233	25	(	(	PUNCT
ftr-365	1233	26	1996	1996	NUM
ftr-365	1233	27	)	)	PUNCT
ftr-365	1233	28	.	.	PUNCT
ftr-365	1234	1	284	284	NUM
ftr-365	1234	2	.	.	PUNCT
ftr-365	1234	3	see	see	VERB
ftr-365	1234	4	generally	generally	ADV
ftr-365	1234	5	,	,	PUNCT
ftr-365	1234	6	jack	jack	PROPN
ftr-365	1234	7	bernstein	bernstein	PROPN
ftr-365	1234	8	,	,	PUNCT
ftr-365	1234	9	et	et	PROPN
ftr-365	1234	10	.	.	PUNCT
ftr-365	1235	1	al	al	PROPN
ftr-365	1235	2	.	.	PROPN
ftr-365	1235	3	,	,	PUNCT
ftr-365	1235	4	the	the	DET
ftr-365	1235	5	canadian	canadian	ADJ
ftr-365	1235	6	treatment	treatment	NOUN
ftr-365	1235	7	of	of	ADP
ftr-365	1235	8	derivatives	derivative	NOUN
ftr-365	1235	9	,	,	PUNCT
ftr-365	1235	10	37	37	NUM
ftr-365	1235	11	tax	tax	NOUN
ftr-365	1235	12	notes	note	NOUN
ftr-365	1235	13	int’l	int’l	X
ftr-365	1235	14	587	587	NUM
ftr-365	1235	15	(	(	PUNCT
ftr-365	1235	16	2005	2005	NUM
ftr-365	1235	17	)	)	PUNCT
ftr-365	1235	18	.	.	PUNCT
ftr-365	1236	1	285	285	NUM
ftr-365	1236	2	.	.	PUNCT
ftr-365	1237	1	pursuant	pursuant	ADJ
ftr-365	1237	2	to	to	AUX
ftr-365	1237	3	irc	irc	PROPN
ftr-365	1237	4	§	§	PROPN
ftr-365	1237	5	864(b)(2)(a)(ii	864(b)(2)(a)(ii	NOUN
ftr-365	1237	6	)	)	PUNCT
ftr-365	1237	7	,	,	PUNCT
ftr-365	1237	8	a	a	DET
ftr-365	1237	9	non	non	ADJ
ftr-365	1237	10	-	-	ADJ
ftr-365	1237	11	resident	resident	ADJ
ftr-365	1237	12	is	be	AUX
ftr-365	1237	13	not	not	PART
ftr-365	1237	14	treated	treat	VERB
ftr-365	1237	15	as	as	ADP
ftr-365	1237	16	being	be	AUX
ftr-365	1237	17	engaged	engage	VERB
ftr-365	1237	18	in	in	ADP
ftr-365	1237	19	a	a	DET
ftr-365	1237	20	trade	trade	NOUN
ftr-365	1237	21	or	or	CCONJ
ftr-365	1237	22	business	business	NOUN
ftr-365	1237	23	within	within	ADP
ftr-365	1237	24	the	the	DET
ftr-365	1237	25	united	united	PROPN
ftr-365	1237	26	states	states	PROPN
ftr-365	1237	27	for	for	ADP
ftr-365	1237	28	trading	trade	VERB
ftr-365	1237	29	in	in	ADP
ftr-365	1237	30	stocks	stock	NOUN
ftr-365	1237	31	or	or	CCONJ
ftr-365	1237	32	securities	security	NOUN
ftr-365	1237	33	on	on	ADP
ftr-365	1237	34	its	its	PRON
ftr-365	1237	35	own	own	ADJ
ftr-365	1237	36	account	account	NOUN
ftr-365	1237	37	,	,	PUNCT
ftr-365	1237	38	either	either	CCONJ
ftr-365	1237	39	directly	directly	ADV
ftr-365	1237	40	or	or	CCONJ
ftr-365	1237	41	through	through	ADP
ftr-365	1237	42	an	an	DET
ftr-365	1237	43	agent	agent	NOUN
ftr-365	1237	44	.	.	PUNCT
ftr-365	1238	1	irc	irc	AUX
ftr-365	1238	2	§	§	PROPN
ftr-365	1238	3	864(b)(2)(b	864(b)(2)(b	NUM
ftr-365	1238	4	)	)	PUNCT
ftr-365	1238	5	provides	provide	VERB
ftr-365	1238	6	a	a	DET
ftr-365	1238	7	similar	similar	ADJ
ftr-365	1238	8	safe	safe	ADJ
ftr-365	1238	9	harbor	harbor	NOUN
ftr-365	1238	10	for	for	ADP
ftr-365	1238	11	trading	trading	NOUN
ftr-365	1238	12	in	in	ADP
ftr-365	1238	13	commodities	commodity	NOUN
ftr-365	1238	14	.	.	PUNCT
ftr-365	1239	1	286	286	NUM
ftr-365	1239	2	.	.	PUNCT
ftr-365	1240	1	see	see	VERB
ftr-365	1240	2	irc	irc	PROPN
ftr-365	1240	3	§	§	PROPN
ftr-365	1240	4	§	§	PROPN
ftr-365	1240	5	864(b)(2)(a)(ii)-(b)(ii	864(b)(2)(a)(ii)-(b)(ii	PROPN
ftr-365	1240	6	)	)	PUNCT
ftr-365	1240	7	.	.	PUNCT
ftr-365	1241	1	for	for	ADP
ftr-365	1241	2	the	the	DET
ftr-365	1241	3	definition	definition	NOUN
ftr-365	1241	4	of	of	ADP
ftr-365	1241	5	a	a	DET
ftr-365	1241	6	“	"	PUNCT
ftr-365	1241	7	dealer	dealer	NOUN
ftr-365	1241	8	”	"	PUNCT
ftr-365	1241	9	for	for	ADP
ftr-365	1241	10	this	this	DET
ftr-365	1241	11	purpose	purpose	NOUN
ftr-365	1241	12	,	,	PUNCT
ftr-365	1241	13	see	see	VERB
ftr-365	1241	14	david	david	PROPN
ftr-365	1241	15	hariton	hariton	PROPN
ftr-365	1241	16	,	,	PUNCT
ftr-365	1241	17	credit	credit	NOUN
ftr-365	1241	18	default	default	NOUN
ftr-365	1241	19	swaps	swap	NOUN
ftr-365	1241	20	,	,	PUNCT
ftr-365	1241	21	40	40	NUM
ftr-365	1241	22	tax	tax	NOUN
ftr-365	1241	23	notes	note	NOUN
ftr-365	1241	24	int’l	int’l	NOUN
ftr-365	1241	25	545	545	NUM
ftr-365	1241	26	,	,	PUNCT
ftr-365	1241	27	572	572	NUM
ftr-365	1241	28	(	(	PUNCT
ftr-365	1241	29	2005	2005	NUM
ftr-365	1241	30	)	)	PUNCT
ftr-365	1241	31	(	(	PUNCT
ftr-365	1241	32	“	"	PUNCT
ftr-365	1241	33	dealers	dealer	NOUN
ftr-365	1241	34	transact	transact	VERB
ftr-365	1241	35	with	with	ADP
ftr-365	1241	36	customers	customer	NOUN
ftr-365	1241	37	,	,	PUNCT
ftr-365	1241	38	while	while	SCONJ
ftr-365	1241	39	traders	trader	NOUN
ftr-365	1241	40	and	and	CCONJ
ftr-365	1241	41	investors	investor	NOUN
ftr-365	1241	42	act	act	VERB
ftr-365	1241	43	for	for	ADP
ftr-365	1241	44	their	their	PRON
ftr-365	1241	45	own	own	ADJ
ftr-365	1241	46	account	account	NOUN
ftr-365	1241	47	.	.	PUNCT
ftr-365	1241	48	”	"	PUNCT
ftr-365	1241	49	)	)	PUNCT
ftr-365	1241	50	.	.	PUNCT
ftr-365	1242	1	287	287	NUM
ftr-365	1242	2	.	.	PUNCT
ftr-365	1243	1	treas	treas	PROPN
ftr-365	1243	2	.	.	PUNCT
ftr-365	1244	1	regs	regs	PROPN
ftr-365	1244	2	.	.	PUNCT
ftr-365	1245	1	§	§	PROPN
ftr-365	1245	2	1.864	1.864	NUM
ftr-365	1245	3	-	-	SYM
ftr-365	1245	4	2(c)(2)(i)(c	2(c)(2)(i)(c	NUM
ftr-365	1245	5	)	)	PUNCT
ftr-365	1245	6	.	.	PUNCT
ftr-365	1246	1	288	288	NUM
ftr-365	1246	2	.	.	PUNCT
ftr-365	1247	1	prop	prop	NOUN
ftr-365	1247	2	.	.	PUNCT
ftr-365	1248	1	treas	treas	PROPN
ftr-365	1248	2	.	.	PUNCT
ftr-365	1249	1	regs	regs	PROPN
ftr-365	1249	2	.	.	PUNCT
ftr-365	1250	1	§	§	PROPN
ftr-365	1250	2	1.864(b)-1	1.864(b)-1	PROPN
ftr-365	1250	3	,	,	PUNCT
ftr-365	1250	4	63	63	NUM
ftr-365	1250	5	fed	feed	VERB
ftr-365	1250	6	.	.	PUNCT
ftr-365	1251	1	regs	regs	PROPN
ftr-365	1251	2	.	.	PUNCT
ftr-365	1252	1	32164	32164	NUM
ftr-365	1252	2	-	-	SYM
ftr-365	1252	3	166	166	NUM
ftr-365	1252	4	(	(	PUNCT
ftr-365	1252	5	according	accord	VERB
ftr-365	1252	6	to	to	ADP
ftr-365	1252	7	54	54	NUM
ftr-365	1252	8	florida	florida	PROPN
ftr-365	1252	9	tax	tax	NOUN
ftr-365	1252	10	review	review	NOUN
ftr-365	1252	11	[	[	X
ftr-365	1252	12	vol	vol	NOUN
ftr-365	1252	13	.	.	PUNCT
ftr-365	1252	14	9:1	9:1	NUM
ftr-365	1252	15	entered	enter	VERB
ftr-365	1252	16	into	into	ADP
ftr-365	1252	17	for	for	ADP
ftr-365	1252	18	the	the	DET
ftr-365	1252	19	purpose	purpose	NOUN
ftr-365	1252	20	of	of	ADP
ftr-365	1252	21	hedging	hedging	NOUN
ftr-365	1252	22	positions	position	NOUN
ftr-365	1252	23	in	in	ADP
ftr-365	1252	24	stocks	stock	NOUN
ftr-365	1252	25	,	,	PUNCT
ftr-365	1252	26	securities	security	NOUN
ftr-365	1252	27	,	,	PUNCT
ftr-365	1252	28	or	or	CCONJ
ftr-365	1252	29	commodities	commodity	NOUN
ftr-365	1252	30	,	,	PUNCT
ftr-365	1252	31	and	and	CCONJ
ftr-365	1252	32	the	the	DET
ftr-365	1252	33	securities	security	NOUN
ftr-365	1252	34	and	and	CCONJ
ftr-365	1252	35	commodities	commodity	NOUN
ftr-365	1252	36	trading	trade	VERB
ftr-365	1252	37	safe	safe	ADJ
ftr-365	1252	38	harbors	harbor	NOUN
ftr-365	1252	39	apply	apply	VERB
ftr-365	1252	40	to	to	ADP
ftr-365	1252	41	such	such	ADJ
ftr-365	1252	42	derivatives	derivative	NOUN
ftr-365	1252	43	.	.	PUNCT
ftr-365	1253	1	289	289	NUM
ftr-365	1253	2	thus	thus	ADV
ftr-365	1253	3	,	,	PUNCT
ftr-365	1253	4	non	non	ADJ
ftr-365	1253	5	-	-	ADJ
ftr-365	1253	6	residents	resident	NOUN
ftr-365	1253	7	trading	trading	NOUN
ftr-365	1253	8	in	in	ADP
ftr-365	1253	9	securities	security	NOUN
ftr-365	1253	10	and	and	CCONJ
ftr-365	1253	11	derivatives	derivative	NOUN
ftr-365	1253	12	in	in	ADP
ftr-365	1253	13	the	the	DET
ftr-365	1253	14	united	united	PROPN
ftr-365	1253	15	states	state	NOUN
ftr-365	1253	16	are	be	AUX
ftr-365	1253	17	not	not	PART
ftr-365	1253	18	treated	treat	VERB
ftr-365	1253	19	as	as	ADP
ftr-365	1253	20	having	have	VERB
ftr-365	1253	21	income	income	NOUN
ftr-365	1253	22	that	that	PRON
ftr-365	1253	23	is	be	AUX
ftr-365	1253	24	effectively	effectively	ADV
ftr-365	1253	25	connected	connect	VERB
ftr-365	1253	26	to	to	ADP
ftr-365	1253	27	a	a	DET
ftr-365	1253	28	u.s	u.s	PROPN
ftr-365	1253	29	.	.	PROPN
ftr-365	1253	30	trade	trade	NOUN
ftr-365	1253	31	or	or	CCONJ
ftr-365	1253	32	business	business	NOUN
ftr-365	1253	33	.	.	PUNCT
ftr-365	1254	1	290	290	NUM
ftr-365	1254	2	dealers	dealer	NOUN
ftr-365	1254	3	in	in	ADP
ftr-365	1254	4	derivatives	derivative	NOUN
ftr-365	1254	5	and	and	CCONJ
ftr-365	1254	6	securities	security	NOUN
ftr-365	1254	7	,	,	PUNCT
ftr-365	1254	8	however	however	ADV
ftr-365	1254	9	,	,	PUNCT
ftr-365	1254	10	will	will	AUX
ftr-365	1254	11	be	be	AUX
ftr-365	1254	12	subject	subject	ADJ
ftr-365	1254	13	to	to	ADP
ftr-365	1254	14	u.s	u.s	PROPN
ftr-365	1254	15	.	.	PROPN
ftr-365	1254	16	tax	tax	NOUN
ftr-365	1254	17	,	,	PUNCT
ftr-365	1254	18	as	as	SCONJ
ftr-365	1254	19	discussed	discuss	VERB
ftr-365	1254	20	below	below	ADV
ftr-365	1254	21	.	.	PUNCT
ftr-365	1255	1	the	the	DET
ftr-365	1255	2	united	united	PROPN
ftr-365	1255	3	states	states	PROPN
ftr-365	1255	4	congress	congress	PROPN
ftr-365	1255	5	first	first	ADV
ftr-365	1255	6	enacted	enact	VERB
ftr-365	1255	7	the	the	DET
ftr-365	1255	8	securities	security	NOUN
ftr-365	1255	9	trading	trade	VERB
ftr-365	1255	10	safe	safe	ADJ
ftr-365	1255	11	harbor	harbor	NOUN
ftr-365	1255	12	in	in	ADP
ftr-365	1255	13	1936	1936	NUM
ftr-365	1255	14	to	to	PART
ftr-365	1255	15	provide	provide	VERB
ftr-365	1255	16	certainty	certainty	NOUN
ftr-365	1255	17	that	that	SCONJ
ftr-365	1255	18	non	non	NOUN
ftr-365	1255	19	-	-	NOUN
ftr-365	1255	20	residents	resident	NOUN
ftr-365	1255	21	who	who	PRON
ftr-365	1255	22	merely	merely	ADV
ftr-365	1255	23	trade	trade	VERB
ftr-365	1255	24	stocks	stock	NOUN
ftr-365	1255	25	and	and	CCONJ
ftr-365	1255	26	securities	security	NOUN
ftr-365	1255	27	would	would	AUX
ftr-365	1255	28	not	not	PART
ftr-365	1255	29	be	be	AUX
ftr-365	1255	30	subject	subject	ADJ
ftr-365	1255	31	to	to	ADP
ftr-365	1255	32	the	the	DET
ftr-365	1255	33	net	net	ADJ
ftr-365	1255	34	income	income	NOUN
ftr-365	1255	35	tax	tax	NOUN
ftr-365	1255	36	regime	regime	NOUN
ftr-365	1255	37	.	.	PUNCT
ftr-365	1256	1	291	291	NUM
ftr-365	1256	2	the	the	DET
ftr-365	1256	3	two	two	NUM
ftr-365	1256	4	-	-	PUNCT
ftr-365	1256	5	prong	prong	NOUN
ftr-365	1256	6	rationale	rationale	NOUN
ftr-365	1256	7	for	for	ADP
ftr-365	1256	8	the	the	DET
ftr-365	1256	9	enactment	enactment	NOUN
ftr-365	1256	10	was	be	AUX
ftr-365	1256	11	that	that	PRON
ftr-365	1256	12	:	:	PUNCT
ftr-365	1256	13	(	(	PUNCT
ftr-365	1256	14	i	i	NOUN
ftr-365	1256	15	)	)	PUNCT
ftr-365	1256	16	ordinary	ordinary	ADJ
ftr-365	1256	17	income	income	NOUN
ftr-365	1256	18	from	from	ADP
ftr-365	1256	19	u.s	u.s	PROPN
ftr-365	1256	20	.	.	PROPN
ftr-365	1256	21	stocks	stock	NOUN
ftr-365	1256	22	and	and	CCONJ
ftr-365	1256	23	securities	security	NOUN
ftr-365	1256	24	(	(	PUNCT
ftr-365	1256	25	e.g.	e.g.	ADV
ftr-365	1256	26	,	,	PUNCT
ftr-365	1256	27	interest	interest	NOUN
ftr-365	1256	28	and	and	CCONJ
ftr-365	1256	29	dividends	dividend	NOUN
ftr-365	1256	30	)	)	PUNCT
ftr-365	1256	31	would	would	AUX
ftr-365	1256	32	be	be	AUX
ftr-365	1256	33	subject	subject	ADJ
ftr-365	1256	34	to	to	ADP
ftr-365	1256	35	u.s	u.s	PROPN
ftr-365	1256	36	.	.	PROPN
ftr-365	1256	37	taxation	taxation	NOUN
ftr-365	1256	38	through	through	ADP
ftr-365	1256	39	the	the	DET
ftr-365	1256	40	withholding	withholding	NOUN
ftr-365	1256	41	tax	tax	NOUN
ftr-365	1256	42	on	on	ADP
ftr-365	1256	43	fdap	fdap	NOUN
ftr-365	1256	44	income	income	NOUN
ftr-365	1256	45	,	,	PUNCT
ftr-365	1256	46	and	and	CCONJ
ftr-365	1256	47	(	(	PUNCT
ftr-365	1256	48	ii	ii	NOUN
ftr-365	1256	49	)	)	PUNCT
ftr-365	1256	50	activities	activity	NOUN
ftr-365	1256	51	beyond	beyond	ADP
ftr-365	1256	52	the	the	DET
ftr-365	1256	53	scope	scope	NOUN
ftr-365	1256	54	of	of	ADP
ftr-365	1256	55	the	the	DET
ftr-365	1256	56	safe	safe	ADJ
ftr-365	1256	57	harbor	harbor	NOUN
ftr-365	1256	58	(	(	PUNCT
ftr-365	1256	59	e.g.	e.g.	ADV
ftr-365	1256	60	,	,	PUNCT
ftr-365	1256	61	dealers	dealer	NOUN
ftr-365	1256	62	)	)	PUNCT
ftr-365	1256	63	would	would	AUX
ftr-365	1256	64	be	be	AUX
ftr-365	1256	65	subject	subject	ADJ
ftr-365	1256	66	to	to	ADP
ftr-365	1256	67	net	net	ADJ
ftr-365	1256	68	tax	tax	NOUN
ftr-365	1256	69	if	if	SCONJ
ftr-365	1256	70	the	the	DET
ftr-365	1256	71	taxpayer	taxpayer	NOUN
ftr-365	1256	72	was	be	AUX
ftr-365	1256	73	engaged	engage	VERB
ftr-365	1256	74	in	in	ADP
ftr-365	1256	75	a	a	DET
ftr-365	1256	76	trade	trade	NOUN
ftr-365	1256	77	or	or	CCONJ
ftr-365	1256	78	business	business	NOUN
ftr-365	1256	79	or	or	CCONJ
ftr-365	1256	80	had	have	VERB
ftr-365	1256	81	an	an	DET
ftr-365	1256	82	office	office	NOUN
ftr-365	1256	83	in	in	ADP
ftr-365	1256	84	the	the	DET
ftr-365	1256	85	united	united	PROPN
ftr-365	1256	86	states	states	PROPN
ftr-365	1256	87	.	.	PUNCT
ftr-365	1257	1	292	292	NUM
ftr-365	1257	2	thirty	thirty	NUM
ftr-365	1257	3	years	year	NOUN
ftr-365	1257	4	later	later	ADV
ftr-365	1257	5	,	,	PUNCT
ftr-365	1257	6	the	the	DET
ftr-365	1257	7	foreign	foreign	ADJ
ftr-365	1257	8	investors	investor	NOUN
ftr-365	1257	9	tax	tax	PROPN
ftr-365	1257	10	act	act	NOUN
ftr-365	1257	11	of	of	ADP
ftr-365	1257	12	1966	1966	NUM
ftr-365	1257	13	expanded	expand	VERB
ftr-365	1257	14	the	the	DET
ftr-365	1257	15	safe	safe	ADJ
ftr-365	1257	16	harbors	harbor	NOUN
ftr-365	1257	17	to	to	PART
ftr-365	1257	18	include	include	VERB
ftr-365	1257	19	trading	trading	NOUN
ftr-365	1257	20	activities	activity	NOUN
ftr-365	1257	21	conducted	conduct	VERB
ftr-365	1257	22	by	by	ADP
ftr-365	1257	23	or	or	CCONJ
ftr-365	1257	24	on	on	ADP
ftr-365	1257	25	behalf	behalf	NOUN
ftr-365	1257	26	of	of	ADP
ftr-365	1257	27	a	a	DET
ftr-365	1257	28	non	non	ADJ
ftr-365	1257	29	-	-	ADJ
ftr-365	1257	30	u.s	u.s	ADJ
ftr-365	1257	31	.	.	PROPN
ftr-365	1257	32	resident	resident	PROPN
ftr-365	1257	33	taxpayer	taxpayer	NOUN
ftr-365	1257	34	through	through	ADP
ftr-365	1257	35	a	a	DET
ftr-365	1257	36	u.s	u.s	PROPN
ftr-365	1257	37	.	.	PROPN
ftr-365	1257	38	office	office	NOUN
ftr-365	1257	39	for	for	ADP
ftr-365	1257	40	the	the	DET
ftr-365	1257	41	foreign	foreign	ADJ
ftr-365	1257	42	taxpayer	taxpayer	NOUN
ftr-365	1257	43	’s	’s	PART
ftr-365	1257	44	own	own	ADJ
ftr-365	1257	45	account	account	NOUN
ftr-365	1257	46	.	.	PUNCT
ftr-365	1258	1	293	293	NUM
ftr-365	1258	2	the	the	DET
ftr-365	1258	3	unmistaken	unmistaken	ADJ
ftr-365	1258	4	purpose	purpose	NOUN
ftr-365	1258	5	of	of	ADP
ftr-365	1258	6	these	these	DET
ftr-365	1258	7	safe	safe	ADJ
ftr-365	1258	8	harbors	harbor	NOUN
ftr-365	1258	9	was	be	AUX
ftr-365	1258	10	to	to	PART
ftr-365	1258	11	encourage	encourage	VERB
ftr-365	1258	12	foreign	foreign	ADJ
ftr-365	1258	13	persons	person	NOUN
ftr-365	1258	14	to	to	PART
ftr-365	1258	15	invest	invest	VERB
ftr-365	1258	16	in	in	ADP
ftr-365	1258	17	u.s	u.s	PROPN
ftr-365	1258	18	.	.	PROPN
ftr-365	1258	19	capital	capital	NOUN
ftr-365	1258	20	markets	market	NOUN
ftr-365	1258	21	without	without	ADP
ftr-365	1258	22	subjecting	subject	VERB
ftr-365	1258	23	them	they	PRON
ftr-365	1258	24	to	to	ADP
ftr-365	1258	25	u.s	u.s	PROPN
ftr-365	1258	26	.	.	PROPN
ftr-365	1258	27	income	income	NOUN
ftr-365	1258	28	tax	tax	NOUN
ftr-365	1258	29	.	.	PUNCT
ftr-365	1259	1	294	294	NUM
ftr-365	1259	2	the	the	DET
ftr-365	1259	3	safe	safe	ADJ
ftr-365	1259	4	harbors	harbor	NOUN
ftr-365	1259	5	are	be	AUX
ftr-365	1259	6	generally	generally	ADV
ftr-365	1259	7	very	very	ADV
ftr-365	1259	8	broad	broad	ADJ
ftr-365	1259	9	and	and	CCONJ
ftr-365	1259	10	aimed	aim	VERB
ftr-365	1259	11	at	at	ADP
ftr-365	1259	12	various	various	ADJ
ftr-365	1259	13	types	type	NOUN
ftr-365	1259	14	of	of	ADP
ftr-365	1259	15	the	the	DET
ftr-365	1259	16	irs	irs	PROPN
ftr-365	1259	17	,	,	PUNCT
ftr-365	1259	18	regulations	regulation	NOUN
ftr-365	1259	19	on	on	ADP
ftr-365	1259	20	the	the	DET
ftr-365	1259	21	safe	safe	ADJ
ftr-365	1259	22	harbor	harbor	NOUN
ftr-365	1259	23	provisions	provision	NOUN
ftr-365	1259	24	in	in	ADP
ftr-365	1259	25	irc	irc	PROPN
ftr-365	1259	26	§	§	NOUN
ftr-365	1259	27	864(b	864(b	NOUN
ftr-365	1259	28	)	)	PUNCT
ftr-365	1259	29	have	have	AUX
ftr-365	1259	30	not	not	PART
ftr-365	1259	31	been	be	AUX
ftr-365	1259	32	issued	issue	VERB
ftr-365	1259	33	since	since	SCONJ
ftr-365	1259	34	1972	1972	NUM
ftr-365	1259	35	.	.	PUNCT
ftr-365	1260	1	since	since	SCONJ
ftr-365	1260	2	then	then	ADV
ftr-365	1260	3	,	,	PUNCT
ftr-365	1260	4	it	it	PRON
ftr-365	1260	5	says	say	VERB
ftr-365	1260	6	,	,	PUNCT
ftr-365	1260	7	the	the	DET
ftr-365	1260	8	“	"	PUNCT
ftr-365	1260	9	use	use	NOUN
ftr-365	1260	10	of	of	ADP
ftr-365	1260	11	derivative	derivative	ADJ
ftr-365	1260	12	financial	financial	ADJ
ftr-365	1260	13	instruments	instrument	NOUN
ftr-365	1260	14	has	have	AUX
ftr-365	1260	15	increased	increase	VERB
ftr-365	1260	16	significantly	significantly	ADV
ftr-365	1260	17	.	.	PUNCT
ftr-365	1260	18	”	"	PUNCT
ftr-365	1261	1	to	to	PART
ftr-365	1261	2	reflect	reflect	VERB
ftr-365	1261	3	that	that	DET
ftr-365	1261	4	development	development	NOUN
ftr-365	1261	5	,	,	PUNCT
ftr-365	1261	6	the	the	DET
ftr-365	1261	7	service	service	NOUN
ftr-365	1261	8	says	say	VERB
ftr-365	1261	9	,	,	PUNCT
ftr-365	1261	10	new	new	ADJ
ftr-365	1261	11	regulations	regulation	NOUN
ftr-365	1261	12	addressing	address	VERB
ftr-365	1261	13	the	the	DET
ftr-365	1261	14	ways	way	NOUN
ftr-365	1261	15	taxpayers	taxpayer	NOUN
ftr-365	1261	16	customarily	customarily	ADV
ftr-365	1261	17	use	use	VERB
ftr-365	1261	18	derivative	derivative	ADJ
ftr-365	1261	19	transactions	transaction	NOUN
ftr-365	1261	20	are	be	AUX
ftr-365	1261	21	needed	need	VERB
ftr-365	1261	22	)	)	PUNCT
ftr-365	1261	23	.	.	PUNCT
ftr-365	1262	1	289	289	NUM
ftr-365	1262	2	.	.	PUNCT
ftr-365	1263	1	treas	treas	PROPN
ftr-365	1263	2	.	.	PUNCT
ftr-365	1264	1	regs	regs	PROPN
ftr-365	1264	2	.	.	PUNCT
ftr-365	1265	1	§	§	PROPN
ftr-365	1265	2	§	§	PROPN
ftr-365	1265	3	1.864	1.864	NUM
ftr-365	1265	4	-	-	SYM
ftr-365	1265	5	2(c)(2)(i	2(c)(2)(i	NUM
ftr-365	1265	6	)	)	PUNCT
ftr-365	1265	7	,	,	PUNCT
ftr-365	1265	8	(	(	PUNCT
ftr-365	1265	9	d)(2)(i	d)(2)(i	PROPN
ftr-365	1265	10	)	)	PUNCT
ftr-365	1265	11	.	.	PUNCT
ftr-365	1266	1	290	290	NUM
ftr-365	1266	2	.	.	PUNCT
ftr-365	1267	1	see	see	VERB
ftr-365	1267	2	may	may	AUX
ftr-365	1267	3	,	,	PUNCT
ftr-365	1267	4	supra	supra	PROPN
ftr-365	1267	5	note	note	VERB
ftr-365	1267	6	6	6	NUM
ftr-365	1267	7	.	.	SYM
ftr-365	1267	8	291	291	NUM
ftr-365	1267	9	.	.	PUNCT
ftr-365	1268	1	revenue	revenue	NOUN
ftr-365	1268	2	act	act	NOUN
ftr-365	1268	3	of	of	ADP
ftr-365	1268	4	1936	1936	NUM
ftr-365	1268	5	,	,	PUNCT
ftr-365	1268	6	pub	pub	NOUN
ftr-365	1268	7	.	.	PUNCT
ftr-365	1269	1	l.	l.	PROPN
ftr-365	1269	2	no	no	INTJ
ftr-365	1269	3	.	.	PROPN
ftr-365	1270	1	74	74	NUM
ftr-365	1270	2	-	-	SYM
ftr-365	1270	3	740	740	NUM
ftr-365	1270	4	,	,	PUNCT
ftr-365	1270	5	§	§	PROPN
ftr-365	1270	6	211(b	211(b	PROPN
ftr-365	1270	7	)	)	PUNCT
ftr-365	1271	1	,	,	PUNCT
ftr-365	1271	2	49	49	NUM
ftr-365	1271	3	stat	stat	NOUN
ftr-365	1271	4	.	.	PUNCT
ftr-365	1272	1	1648	1648	NUM
ftr-365	1272	2	,	,	PUNCT
ftr-365	1272	3	171415	171415	NUM
ftr-365	1272	4	(	(	PUNCT
ftr-365	1272	5	1936	1936	NUM
ftr-365	1272	6	)	)	PUNCT
ftr-365	1272	7	;	;	PUNCT
ftr-365	1273	1	s.	s.	PROPN
ftr-365	1273	2	rep	rep	PROPN
ftr-365	1273	3	.	.	PROPN
ftr-365	1274	1	no	no	INTJ
ftr-365	1274	2	.	.	NOUN
ftr-365	1275	1	74	74	NUM
ftr-365	1275	2	-	-	SYM
ftr-365	1275	3	2156	2156	NUM
ftr-365	1275	4	,	,	PUNCT
ftr-365	1275	5	at	at	ADP
ftr-365	1275	6	21	21	NUM
ftr-365	1275	7	(	(	PUNCT
ftr-365	1275	8	1936	1936	NUM
ftr-365	1275	9	)	)	PUNCT
ftr-365	1275	10	.	.	PUNCT
ftr-365	1276	1	292	292	NUM
ftr-365	1276	2	.	.	PUNCT
ftr-365	1277	1	i	i	PRON
ftr-365	1277	2	d.	d.	PROPN
ftr-365	1277	3	293	293	NUM
ftr-365	1277	4	.	.	PUNCT
ftr-365	1278	1	foreign	foreign	ADJ
ftr-365	1278	2	investors	investor	NOUN
ftr-365	1278	3	tax	tax	PROPN
ftr-365	1278	4	act	act	NOUN
ftr-365	1278	5	of	of	ADP
ftr-365	1278	6	1966	1966	NUM
ftr-365	1278	7	,	,	PUNCT
ftr-365	1278	8	pub	pub	NOUN
ftr-365	1278	9	.	.	PUNCT
ftr-365	1279	1	l.	l.	PROPN
ftr-365	1279	2	89	89	NUM
ftr-365	1279	3	-	-	SYM
ftr-365	1279	4	809	809	NUM
ftr-365	1279	5	,	,	PUNCT
ftr-365	1279	6	§	§	PROPN
ftr-365	1279	7	102(d	102(d	PROPN
ftr-365	1279	8	)	)	PUNCT
ftr-365	1279	9	,	,	PUNCT
ftr-365	1279	10	80	80	NUM
ftr-365	1279	11	stat	stat	NOUN
ftr-365	1279	12	.	.	PUNCT
ftr-365	1280	1	1539	1539	NUM
ftr-365	1280	2	,	,	PUNCT
ftr-365	1280	3	1544	1544	NUM
ftr-365	1280	4	(	(	PUNCT
ftr-365	1280	5	1966	1966	NUM
ftr-365	1280	6	)	)	PUNCT
ftr-365	1280	7	;	;	PUNCT
ftr-365	1281	1	s.	s.	PROPN
ftr-365	1281	2	rep	rep	PROPN
ftr-365	1281	3	.	.	PROPN
ftr-365	1281	4	no	no	PROPN
ftr-365	1281	5	.	.	NOUN
ftr-365	1281	6	89	89	NUM
ftr-365	1281	7	-	-	SYM
ftr-365	1281	8	1701	1701	NUM
ftr-365	1281	9	,	,	PUNCT
ftr-365	1281	10	at	at	ADP
ftr-365	1281	11	16	16	NUM
ftr-365	1281	12	-	-	SYM
ftr-365	1281	13	17	17	NUM
ftr-365	1281	14	,	,	PUNCT
ftr-365	1281	15	22	22	NUM
ftr-365	1281	16	-	-	SYM
ftr-365	1281	17	23	23	NUM
ftr-365	1281	18	,	,	PUNCT
ftr-365	1281	19	32	32	NUM
ftr-365	1281	20	-	-	SYM
ftr-365	1281	21	33	33	NUM
ftr-365	1281	22	(	(	PUNCT
ftr-365	1281	23	1966	1966	NUM
ftr-365	1281	24	)	)	PUNCT
ftr-365	1281	25	.	.	PUNCT
ftr-365	1282	1	294	294	NUM
ftr-365	1282	2	.	.	PUNCT
ftr-365	1283	1	h.	h.	PROPN
ftr-365	1283	2	rep	rep	PROPN
ftr-365	1283	3	no	no	PROPN
ftr-365	1283	4	.	.	PROPN
ftr-365	1283	5	89	89	NUM
ftr-365	1283	6	-	-	SYM
ftr-365	1283	7	1450	1450	NUM
ftr-365	1283	8	,	,	PUNCT
ftr-365	1283	9	at	at	ADP
ftr-365	1283	10	6	6	NUM
ftr-365	1283	11	(	(	PUNCT
ftr-365	1283	12	1966	1966	NUM
ftr-365	1283	13	)	)	PUNCT
ftr-365	1283	14	.	.	PUNCT
ftr-365	1284	1	see	see	VERB
ftr-365	1284	2	also	also	ADV
ftr-365	1284	3	hariton	hariton	NOUN
ftr-365	1284	4	(	(	PUNCT
ftr-365	1284	5	2005	2005	NUM
ftr-365	1284	6	)	)	PUNCT
ftr-365	1284	7	,	,	PUNCT
ftr-365	1284	8	supra	supra	PROPN
ftr-365	1284	9	note	note	NOUN
ftr-365	1284	10	286	286	NUM
ftr-365	1284	11	(	(	PUNCT
ftr-365	1284	12	“	"	PUNCT
ftr-365	1284	13	for	for	ADP
ftr-365	1284	14	foreign	foreign	ADJ
ftr-365	1284	15	entities	entity	NOUN
ftr-365	1284	16	,	,	PUNCT
ftr-365	1284	17	a	a	DET
ftr-365	1284	18	special	special	ADJ
ftr-365	1284	19	statutory	statutory	ADJ
ftr-365	1284	20	rule	rule	NOUN
ftr-365	1284	21	provides	provide	VERB
ftr-365	1284	22	that	that	SCONJ
ftr-365	1284	23	foreign	foreign	ADJ
ftr-365	1284	24	entities	entity	NOUN
ftr-365	1284	25	that	that	PRON
ftr-365	1284	26	are	be	AUX
ftr-365	1284	27	traders	trader	NOUN
ftr-365	1284	28	or	or	CCONJ
ftr-365	1284	29	investors	investor	NOUN
ftr-365	1284	30	(	(	PUNCT
ftr-365	1284	31	but	but	CCONJ
ftr-365	1284	32	not	not	PART
ftr-365	1284	33	dealers	dealer	NOUN
ftr-365	1284	34	)	)	PUNCT
ftr-365	1284	35	in	in	ADP
ftr-365	1284	36	securities	security	NOUN
ftr-365	1284	37	or	or	CCONJ
ftr-365	1284	38	commodities	commodity	NOUN
ftr-365	1284	39	may	may	AUX
ftr-365	1284	40	carry	carry	VERB
ftr-365	1284	41	on	on	ADP
ftr-365	1284	42	their	their	PRON
ftr-365	1284	43	securities	security	NOUN
ftr-365	1284	44	activities	activity	NOUN
ftr-365	1284	45	in	in	ADP
ftr-365	1284	46	the	the	DET
ftr-365	1284	47	united	united	PROPN
ftr-365	1284	48	states	states	PROPN
ftr-365	1284	49	without	without	ADP
ftr-365	1284	50	being	be	AUX
ftr-365	1284	51	subject	subject	ADJ
ftr-365	1284	52	to	to	ADP
ftr-365	1284	53	u.s	u.s	PROPN
ftr-365	1284	54	.	.	PROPN
ftr-365	1284	55	net	net	ADJ
ftr-365	1284	56	income	income	NOUN
ftr-365	1284	57	tax	tax	NOUN
ftr-365	1284	58	,	,	PUNCT
ftr-365	1284	59	but	but	CCONJ
ftr-365	1284	60	subject	subject	ADJ
ftr-365	1284	61	to	to	ADP
ftr-365	1284	62	u.s	u.s	PROPN
ftr-365	1284	63	.	.	PROPN
ftr-365	1284	64	withholding	withholding	NOUN
ftr-365	1284	65	tax	tax	NOUN
ftr-365	1284	66	applicable	applicable	ADJ
ftr-365	1284	67	to	to	ADP
ftr-365	1284	68	investment	investment	NOUN
ftr-365	1284	69	flows	flow	NOUN
ftr-365	1284	70	.	.	PUNCT
ftr-365	1285	1	under	under	ADP
ftr-365	1285	2	congressional	congressional	ADJ
ftr-365	1285	3	policy	policy	NOUN
ftr-365	1285	4	dating	date	VERB
ftr-365	1285	5	back	back	ADV
ftr-365	1285	6	to	to	ADP
ftr-365	1285	7	the	the	DET
ftr-365	1285	8	1940s	1940	NOUN
ftr-365	1285	9	,	,	PUNCT
ftr-365	1285	10	those	those	DET
ftr-365	1285	11	safe	safe	ADJ
ftr-365	1285	12	harbor	harbor	NOUN
ftr-365	1285	13	rules	rule	NOUN
ftr-365	1285	14	have	have	AUX
ftr-365	1285	15	been	be	AUX
ftr-365	1285	16	amended	amend	VERB
ftr-365	1285	17	by	by	ADP
ftr-365	1285	18	congress	congress	PROPN
ftr-365	1285	19	and	and	CCONJ
ftr-365	1285	20	interpreted	interpret	VERB
ftr-365	1285	21	by	by	ADP
ftr-365	1285	22	the	the	DET
ftr-365	1285	23	irs	irs	PROPN
ftr-365	1285	24	in	in	ADP
ftr-365	1285	25	a	a	DET
ftr-365	1285	26	manner	manner	NOUN
ftr-365	1285	27	that	that	PRON
ftr-365	1285	28	encourages	encourage	VERB
ftr-365	1285	29	offshore	offshore	ADJ
ftr-365	1285	30	investors	investor	NOUN
ftr-365	1285	31	,	,	PUNCT
ftr-365	1285	32	including	include	VERB
ftr-365	1285	33	special	special	ADJ
ftr-365	1285	34	purpose	purpose	NOUN
ftr-365	1285	35	vehicles	vehicle	NOUN
ftr-365	1285	36	managed	manage	VERB
ftr-365	1285	37	by	by	ADP
ftr-365	1285	38	u.s	u.s	PROPN
ftr-365	1285	39	.	.	PROPN
ftr-365	1285	40	investment	investment	NOUN
ftr-365	1285	41	advisers	adviser	NOUN
ftr-365	1285	42	,	,	PUNCT
ftr-365	1285	43	to	to	PART
ftr-365	1285	44	invest	invest	VERB
ftr-365	1285	45	and	and	CCONJ
ftr-365	1285	46	trade	trade	VERB
ftr-365	1285	47	in	in	ADP
ftr-365	1285	48	u.s	u.s	PROPN
ftr-365	1285	49	.	.	PROPN
ftr-365	1285	50	securities	security	NOUN
ftr-365	1285	51	.	.	PUNCT
ftr-365	1285	52	”	"	PUNCT
ftr-365	1285	53	)	)	PUNCT
ftr-365	1285	54	;	;	PUNCT
ftr-365	1285	55	colon	colon	NOUN
ftr-365	1285	56	,	,	PUNCT
ftr-365	1285	57	supra	supra	NOUN
ftr-365	1285	58	note	note	NOUN
ftr-365	1285	59	5	5	NUM
ftr-365	1285	60	,	,	PUNCT
ftr-365	1285	61	at	at	ADP
ftr-365	1285	62	783	783	NUM
ftr-365	1285	63	-	-	SYM
ftr-365	1285	64	84	84	NUM
ftr-365	1285	65	(	(	PUNCT
ftr-365	1285	66	“	"	PUNCT
ftr-365	1285	67	to	to	PART
ftr-365	1285	68	encourage	encourage	VERB
ftr-365	1285	69	foreigners	foreigner	NOUN
ftr-365	1285	70	to	to	PART
ftr-365	1285	71	invest	invest	VERB
ftr-365	1285	72	in	in	ADP
ftr-365	1285	73	u.s	u.s	PROPN
ftr-365	1285	74	.	.	PROPN
ftr-365	1285	75	capital	capital	NOUN
ftr-365	1285	76	markets	market	NOUN
ftr-365	1285	77	without	without	ADP
ftr-365	1285	78	becoming	become	VERB
ftr-365	1285	79	engaged	engage	VERB
ftr-365	1285	80	in	in	ADP
ftr-365	1285	81	a	a	DET
ftr-365	1285	82	u.s	u.s	PROPN
ftr-365	1285	83	.	.	PROPN
ftr-365	1285	84	trade	trade	NOUN
ftr-365	1285	85	or	or	CCONJ
ftr-365	1285	86	business	business	NOUN
ftr-365	1285	87	,	,	PUNCT
ftr-365	1285	88	congress	congress	PROPN
ftr-365	1285	89	enacted	enact	VERB
ftr-365	1285	90	two	two	NUM
ftr-365	1285	91	statutory	statutory	ADJ
ftr-365	1285	92	safe	safe	ADJ
ftr-365	1285	93	harbors	harbor	NOUN
ftr-365	1285	94	in	in	ADP
ftr-365	1285	95	the	the	DET
ftr-365	1285	96	foreign	foreign	ADJ
ftr-365	1285	97	investors	investor	NOUN
ftr-365	1285	98	tax	tax	PROPN
ftr-365	1285	99	act	act	NOUN
ftr-365	1285	100	of	of	ADP
ftr-365	1285	101	1996	1996	NUM
ftr-365	1285	102	,	,	PUNCT
ftr-365	1285	103	one	one	NUM
ftr-365	1285	104	for	for	ADP
ftr-365	1285	105	trading	trading	NOUN
ftr-365	1285	106	in	in	ADP
ftr-365	1285	107	securities	security	NOUN
ftr-365	1285	108	and	and	CCONJ
ftr-365	1285	109	commodities	commodity	NOUN
ftr-365	1285	110	through	through	ADP
ftr-365	1285	111	an	an	DET
ftr-365	1285	112	independent	independent	ADJ
ftr-365	1285	113	agent	agent	NOUN
ftr-365	1285	114	and	and	CCONJ
ftr-365	1285	115	the	the	DET
ftr-365	1285	116	other	other	ADJ
ftr-365	1285	117	for	for	ADP
ftr-365	1285	118	2008	2008	NUM
ftr-365	1285	119	]	]	PUNCT
ftr-365	1285	120	the	the	DET
ftr-365	1285	121	case	case	NOUN
ftr-365	1285	122	for	for	ADP
ftr-365	1285	123	residency	residency	NOUN
ftr-365	1285	124	-	-	PUNCT
ftr-365	1285	125	based	base	VERB
ftr-365	1285	126	taxation	taxation	NOUN
ftr-365	1285	127	55	55	NUM
ftr-365	1285	128	passive	passive	ADJ
ftr-365	1285	129	investments	investment	NOUN
ftr-365	1285	130	.	.	PUNCT
ftr-365	1286	1	295	295	NUM
ftr-365	1287	1	the	the	DET
ftr-365	1287	2	volume	volume	NOUN
ftr-365	1287	3	of	of	ADP
ftr-365	1287	4	trading	trading	NOUN
ftr-365	1287	5	does	do	AUX
ftr-365	1287	6	not	not	PART
ftr-365	1287	7	matter	matter	VERB
ftr-365	1287	8	,	,	PUNCT
ftr-365	1287	9	as	as	ADV
ftr-365	1287	10	long	long	ADV
ftr-365	1287	11	as	as	SCONJ
ftr-365	1287	12	there	there	PRON
ftr-365	1287	13	is	be	VERB
ftr-365	1287	14	no	no	DET
ftr-365	1287	15	fixed	fix	VERB
ftr-365	1287	16	place	place	NOUN
ftr-365	1287	17	of	of	ADP
ftr-365	1287	18	business	business	NOUN
ftr-365	1287	19	in	in	ADP
ftr-365	1287	20	the	the	DET
ftr-365	1287	21	u.s	u.s	PROPN
ftr-365	1287	22	.	.	PROPN
ftr-365	1287	23	296	296	NUM
ftr-365	1287	24	another	another	DET
ftr-365	1287	25	important	important	ADJ
ftr-365	1287	26	reason	reason	NOUN
ftr-365	1287	27	for	for	ADP
ftr-365	1287	28	the	the	DET
ftr-365	1287	29	safe	safe	ADJ
ftr-365	1287	30	harbor	harbor	NOUN
ftr-365	1287	31	was	be	AUX
ftr-365	1287	32	that	that	SCONJ
ftr-365	1287	33	taxing	tax	VERB
ftr-365	1287	34	such	such	ADJ
ftr-365	1287	35	nonresidents	nonresident	NOUN
ftr-365	1287	36	on	on	ADP
ftr-365	1287	37	gains	gain	NOUN
ftr-365	1287	38	from	from	ADP
ftr-365	1287	39	trading	trading	NOUN
ftr-365	1287	40	in	in	ADP
ftr-365	1287	41	securities	security	NOUN
ftr-365	1287	42	is	be	AUX
ftr-365	1287	43	impractical	impractical	ADJ
ftr-365	1287	44	.	.	PUNCT
ftr-365	1288	1	as	as	SCONJ
ftr-365	1288	2	set	set	VERB
ftr-365	1288	3	forth	forth	ADP
ftr-365	1288	4	in	in	ADP
ftr-365	1288	5	the	the	DET
ftr-365	1288	6	legislative	legislative	ADJ
ftr-365	1288	7	history	history	NOUN
ftr-365	1288	8	of	of	ADP
ftr-365	1288	9	irc	irc	PROPN
ftr-365	1288	10	section	section	NOUN
ftr-365	1288	11	864(b	864(b	NUM
ftr-365	1288	12	):	):	PUNCT
ftr-365	1288	13	[	[	X
ftr-365	1288	14	a	a	X
ftr-365	1288	15	]	]	X
ftr-365	1288	16	nonresident	nonresident	ADJ
ftr-365	1288	17	alien	alien	NOUN
ftr-365	1288	18	will	will	AUX
ftr-365	1288	19	not	not	PART
ftr-365	1288	20	be	be	AUX
ftr-365	1288	21	subject	subject	ADJ
ftr-365	1288	22	to	to	ADP
ftr-365	1288	23	the	the	DET
ftr-365	1288	24	tax	tax	NOUN
ftr-365	1288	25	on	on	ADP
ftr-365	1288	26	capital	capital	NOUN
ftr-365	1288	27	gains	gain	NOUN
ftr-365	1288	28	,	,	PUNCT
ftr-365	1288	29	including	include	VERB
ftr-365	1288	30	so	so	ADV
ftr-365	1288	31	-	-	PUNCT
ftr-365	1288	32	called	call	VERB
ftr-365	1288	33	gains	gain	NOUN
ftr-365	1288	34	from	from	ADP
ftr-365	1288	35	hedging	hedging	NOUN
ftr-365	1288	36	transactions	transaction	NOUN
ftr-365	1288	37	,	,	PUNCT
ftr-365	1288	38	as	as	ADP
ftr-365	1288	39	at	at	ADP
ftr-365	1288	40	present	present	ADJ
ftr-365	1288	41	,	,	PUNCT
ftr-365	1288	42	it	it	PRON
ftr-365	1288	43	having	having	AUX
ftr-365	1288	44	been	be	AUX
ftr-365	1288	45	found	find	VERB
ftr-365	1288	46	administratively	administratively	ADV
ftr-365	1288	47	impossible	impossible	ADJ
ftr-365	1288	48	effectually	effectually	ADV
ftr-365	1288	49	to	to	PART
ftr-365	1288	50	collect	collect	VERB
ftr-365	1288	51	this	this	DET
ftr-365	1288	52	latter	latter	ADJ
ftr-365	1288	53	tax	tax	NOUN
ftr-365	1288	54	.	.	PUNCT
ftr-365	1289	1	it	it	PRON
ftr-365	1289	2	is	be	AUX
ftr-365	1289	3	believed	believe	VERB
ftr-365	1289	4	this	this	DET
ftr-365	1289	5	exemption	exemption	NOUN
ftr-365	1289	6	from	from	ADP
ftr-365	1289	7	tax	tax	NOUN
ftr-365	1289	8	will	will	AUX
ftr-365	1289	9	result	result	VERB
ftr-365	1289	10	in	in	ADP
ftr-365	1289	11	considerable	considerable	ADJ
ftr-365	1289	12	additional	additional	ADJ
ftr-365	1289	13	revenue	revenue	NOUN
ftr-365	1289	14	from	from	ADP
ftr-365	1289	15	the	the	DET
ftr-365	1289	16	transfer	transfer	NOUN
ftr-365	1289	17	taxes	taxis	NOUN
ftr-365	1289	18	and	and	CCONJ
ftr-365	1289	19	from	from	ADP
ftr-365	1289	20	the	the	DET
ftr-365	1289	21	income	income	NOUN
ftr-365	1289	22	tax	tax	NOUN
ftr-365	1289	23	in	in	ADP
ftr-365	1289	24	the	the	DET
ftr-365	1289	25	case	case	NOUN
ftr-365	1289	26	of	of	ADP
ftr-365	1289	27	persons	person	NOUN
ftr-365	1289	28	carrying	carry	VERB
ftr-365	1289	29	on	on	ADP
ftr-365	1289	30	the	the	DET
ftr-365	1289	31	brokerage	brokerage	NOUN
ftr-365	1289	32	business	business	NOUN
ftr-365	1289	33	.	.	PUNCT
ftr-365	1290	1	297	297	NUM
ftr-365	1291	1	i	i	PRON
ftr-365	1291	2	believe	believe	VERB
ftr-365	1291	3	that	that	SCONJ
ftr-365	1291	4	similar	similar	ADJ
ftr-365	1291	5	securities	security	NOUN
ftr-365	1291	6	trading	trading	NOUN
ftr-365	1291	7	safe	safe	ADJ
ftr-365	1291	8	harbors	harbor	NOUN
ftr-365	1291	9	should	should	AUX
ftr-365	1291	10	be	be	AUX
ftr-365	1291	11	available	available	ADJ
ftr-365	1291	12	to	to	ADP
ftr-365	1291	13	investors	investor	NOUN
ftr-365	1291	14	and	and	CCONJ
ftr-365	1291	15	traders	trader	NOUN
ftr-365	1291	16	in	in	ADP
ftr-365	1291	17	country	country	NOUN
ftr-365	1291	18	d	d	NOUN
ftr-365	1291	19	because	because	SCONJ
ftr-365	1291	20	the	the	DET
ftr-365	1291	21	same	same	ADJ
ftr-365	1291	22	policy	policy	NOUN
ftr-365	1291	23	considerations	consideration	NOUN
ftr-365	1291	24	that	that	PRON
ftr-365	1291	25	led	lead	VERB
ftr-365	1291	26	the	the	DET
ftr-365	1291	27	united	united	PROPN
ftr-365	1291	28	states	states	PROPN
ftr-365	1291	29	’	'	PUNCT
ftr-365	1291	30	congress	congress	PROPN
ftr-365	1291	31	to	to	PART
ftr-365	1291	32	encourage	encourage	VERB
ftr-365	1291	33	passive	passive	ADJ
ftr-365	1291	34	investment	investment	NOUN
ftr-365	1291	35	by	by	ADP
ftr-365	1291	36	foreign	foreign	ADJ
ftr-365	1291	37	investors	investor	NOUN
ftr-365	1291	38	in	in	ADP
ftr-365	1291	39	the	the	DET
ftr-365	1291	40	united	united	PROPN
ftr-365	1291	41	states	states	PROPN
ftr-365	1291	42	are	be	AUX
ftr-365	1291	43	even	even	ADV
ftr-365	1291	44	more	more	ADV
ftr-365	1291	45	applicable	applicable	ADJ
ftr-365	1291	46	to	to	ADP
ftr-365	1291	47	developing	develop	VERB
ftr-365	1291	48	countries	country	NOUN
ftr-365	1291	49	.	.	PUNCT
ftr-365	1292	1	as	as	ADP
ftr-365	1292	2	to	to	ADP
ftr-365	1292	3	tax	tax	NOUN
ftr-365	1292	4	treaties	treaty	NOUN
ftr-365	1292	5	,	,	PUNCT
ftr-365	1292	6	as	as	SCONJ
ftr-365	1292	7	discussed	discuss	VERB
ftr-365	1292	8	above	above	ADV
ftr-365	1292	9	,	,	PUNCT
ftr-365	1292	10	the	the	DET
ftr-365	1292	11	source	source	NOUN
ftr-365	1292	12	country	country	NOUN
ftr-365	1292	13	generally	generally	ADV
ftr-365	1292	14	can	can	AUX
ftr-365	1292	15	tax	tax	VERB
ftr-365	1292	16	gains	gain	NOUN
ftr-365	1292	17	attributable	attributable	ADJ
ftr-365	1292	18	to	to	ADP
ftr-365	1292	19	a	a	DET
ftr-365	1292	20	“	"	PUNCT
ftr-365	1292	21	permanent	permanent	ADJ
ftr-365	1292	22	establishment	establishment	NOUN
ftr-365	1292	23	.	.	PUNCT
ftr-365	1292	24	”	"	PUNCT
ftr-365	1293	1	thus	thus	ADV
ftr-365	1293	2	,	,	PUNCT
ftr-365	1293	3	non	non	ADJ
ftr-365	1293	4	-	-	ADJ
ftr-365	1293	5	resident	resident	ADJ
ftr-365	1293	6	with	with	ADP
ftr-365	1293	7	no	no	DET
ftr-365	1293	8	“	"	PUNCT
ftr-365	1293	9	permanent	permanent	ADJ
ftr-365	1293	10	establishment	establishment	NOUN
ftr-365	1293	11	”	"	PUNCT
ftr-365	1293	12	in	in	ADP
ftr-365	1293	13	the	the	DET
ftr-365	1293	14	host	host	NOUN
ftr-365	1293	15	country	country	NOUN
ftr-365	1293	16	will	will	AUX
ftr-365	1293	17	be	be	AUX
ftr-365	1293	18	taxed	tax	VERB
ftr-365	1293	19	in	in	ADP
ftr-365	1293	20	the	the	DET
ftr-365	1293	21	residency	residency	NOUN
ftr-365	1293	22	country	country	NOUN
ftr-365	1293	23	:	:	PUNCT
ftr-365	1293	24	trading	trading	NOUN
ftr-365	1293	25	for	for	ADP
ftr-365	1293	26	the	the	DET
ftr-365	1293	27	taxpayer	taxpayer	NOUN
ftr-365	1293	28	’s	’s	PART
ftr-365	1293	29	own	own	ADJ
ftr-365	1293	30	account	account	NOUN
ftr-365	1293	31	in	in	ADP
ftr-365	1293	32	securities	security	NOUN
ftr-365	1293	33	and	and	CCONJ
ftr-365	1293	34	commodities	commodity	NOUN
ftr-365	1293	35	.	.	PUNCT
ftr-365	1293	36	”	"	PUNCT
ftr-365	1293	37	)	)	PUNCT
ftr-365	1293	38	;	;	PUNCT
ftr-365	1293	39	reich	reich	PROPN
ftr-365	1293	40	,	,	PUNCT
ftr-365	1293	41	supra	supra	PROPN
ftr-365	1293	42	note	note	PROPN
ftr-365	1293	43	11	11	NUM
ftr-365	1293	44	.	.	NOUN
ftr-365	1293	45	295	295	NUM
ftr-365	1293	46	.	.	PUNCT
ftr-365	1294	1	see	see	VERB
ftr-365	1294	2	h.r	h.r	PROPN
ftr-365	1294	3	.	.	PROPN
ftr-365	1294	4	rep	rep	PROPN
ftr-365	1294	5	.	.	PROPN
ftr-365	1295	1	no	no	PROPN
ftr-365	1295	2	.	.	NOUN
ftr-365	1295	3	89	89	NUM
ftr-365	1295	4	-	-	SYM
ftr-365	1295	5	1450	1450	NUM
ftr-365	1295	6	,	,	PUNCT
ftr-365	1295	7	at	at	ADP
ftr-365	1295	8	55	55	NUM
ftr-365	1295	9	-	-	SYM
ftr-365	1295	10	56	56	NUM
ftr-365	1295	11	;	;	PUNCT
ftr-365	1295	12	s.	s.	PROPN
ftr-365	1295	13	rep	rep	PROPN
ftr-365	1295	14	.	.	PROPN
ftr-365	1295	15	no	no	PROPN
ftr-365	1295	16	.	.	NOUN
ftr-365	1295	17	89	89	NUM
ftr-365	1295	18	-	-	SYM
ftr-365	1295	19	1707	1707	NUM
ftr-365	1295	20	,	,	PUNCT
ftr-365	1295	21	at	at	ADP
ftr-365	1295	22	80	80	NUM
ftr-365	1295	23	(	(	PUNCT
ftr-365	1295	24	“	"	PUNCT
ftr-365	1295	25	a	a	DET
ftr-365	1295	26	nonresident	nonresident	ADJ
ftr-365	1295	27	alien	alien	ADJ
ftr-365	1295	28	individual	individual	ADJ
ftr-365	1295	29	or	or	CCONJ
ftr-365	1295	30	foreign	foreign	ADJ
ftr-365	1295	31	corporation	corporation	NOUN
ftr-365	1295	32	who	who	PRON
ftr-365	1295	33	is	be	AUX
ftr-365	1295	34	not	not	PART
ftr-365	1295	35	a	a	DET
ftr-365	1295	36	dealer	dealer	NOUN
ftr-365	1295	37	in	in	ADP
ftr-365	1295	38	stocks	stock	NOUN
ftr-365	1295	39	or	or	CCONJ
ftr-365	1295	40	securities	security	NOUN
ftr-365	1295	41	is	be	AUX
ftr-365	1295	42	not	not	PART
ftr-365	1295	43	engaged	engage	VERB
ftr-365	1295	44	in	in	ADP
ftr-365	1295	45	trade	trade	NOUN
ftr-365	1295	46	or	or	CCONJ
ftr-365	1295	47	business	business	NOUN
ftr-365	1295	48	within	within	ADP
ftr-365	1295	49	the	the	DET
ftr-365	1295	50	united	united	PROPN
ftr-365	1295	51	states	states	PROPN
ftr-365	1295	52	by	by	ADP
ftr-365	1295	53	reason	reason	NOUN
ftr-365	1295	54	of	of	ADP
ftr-365	1295	55	trading	trading	NOUN
ftr-365	1295	56	in	in	ADP
ftr-365	1295	57	stocks	stock	NOUN
ftr-365	1295	58	or	or	CCONJ
ftr-365	1295	59	securities	security	NOUN
ftr-365	1295	60	for	for	ADP
ftr-365	1295	61	the	the	DET
ftr-365	1295	62	taxpayer	taxpayer	NOUN
ftr-365	1295	63	’s	’s	PART
ftr-365	1295	64	own	own	ADJ
ftr-365	1295	65	account	account	NOUN
ftr-365	1295	66	,	,	PUNCT
ftr-365	1295	67	irrespective	irrespective	ADV
ftr-365	1295	68	of	of	ADP
ftr-365	1295	69	where	where	SCONJ
ftr-365	1295	70	the	the	DET
ftr-365	1295	71	activities	activity	NOUN
ftr-365	1295	72	instrumental	instrumental	ADJ
ftr-365	1295	73	to	to	ADP
ftr-365	1295	74	such	such	ADJ
ftr-365	1295	75	trading	trading	NOUN
ftr-365	1295	76	are	be	AUX
ftr-365	1295	77	performed	perform	VERB
ftr-365	1295	78	or	or	CCONJ
ftr-365	1295	79	how	how	SCONJ
ftr-365	1295	80	the	the	DET
ftr-365	1295	81	actual	actual	ADJ
ftr-365	1295	82	trading	trading	NOUN
ftr-365	1295	83	transactions	transaction	NOUN
ftr-365	1295	84	are	be	AUX
ftr-365	1295	85	effected	effect	VERB
ftr-365	1295	86	.	.	PUNCT
ftr-365	1296	1	it	it	PRON
ftr-365	1296	2	is	be	AUX
ftr-365	1296	3	immaterial	immaterial	ADJ
ftr-365	1296	4	whether	whether	SCONJ
ftr-365	1296	5	the	the	DET
ftr-365	1296	6	corporation	corporation	NOUN
ftr-365	1296	7	or	or	CCONJ
ftr-365	1296	8	individual	individual	ADJ
ftr-365	1296	9	conducts	conduct	NOUN
ftr-365	1296	10	the	the	DET
ftr-365	1296	11	trading	trading	NOUN
ftr-365	1296	12	activities	activity	NOUN
ftr-365	1296	13	and	and	CCONJ
ftr-365	1296	14	effects	effect	NOUN
ftr-365	1296	15	the	the	DET
ftr-365	1296	16	stock	stock	NOUN
ftr-365	1296	17	or	or	CCONJ
ftr-365	1296	18	security	security	NOUN
ftr-365	1296	19	transactions	transaction	NOUN
ftr-365	1296	20	himself	himself	PRON
ftr-365	1296	21	or	or	CCONJ
ftr-365	1296	22	through	through	ADP
ftr-365	1296	23	his	his	PRON
ftr-365	1296	24	employee	employee	NOUN
ftr-365	1296	25	or	or	CCONJ
ftr-365	1296	26	uses	use	VERB
ftr-365	1296	27	agents	agent	NOUN
ftr-365	1296	28	in	in	ADP
ftr-365	1296	29	the	the	DET
ftr-365	1296	30	united	united	PROPN
ftr-365	1296	31	states	states	PROPN
ftr-365	1296	32	,	,	PUNCT
ftr-365	1296	33	whether	whether	SCONJ
ftr-365	1296	34	independent	independent	ADJ
ftr-365	1296	35	or	or	CCONJ
ftr-365	1296	36	dependent	dependent	ADJ
ftr-365	1296	37	,	,	PUNCT
ftr-365	1296	38	to	to	PART
ftr-365	1296	39	perform	perform	VERB
ftr-365	1296	40	any	any	DET
ftr-365	1296	41	or	or	CCONJ
ftr-365	1296	42	all	all	DET
ftr-365	1296	43	the	the	DET
ftr-365	1296	44	functions	function	NOUN
ftr-365	1296	45	instrumental	instrumental	ADJ
ftr-365	1296	46	to	to	ADP
ftr-365	1296	47	such	such	ADJ
ftr-365	1296	48	trading	trading	NOUN
ftr-365	1296	49	.	.	PUNCT
ftr-365	1297	1	it	it	PRON
ftr-365	1297	2	is	be	AUX
ftr-365	1297	3	also	also	ADV
ftr-365	1297	4	immaterial	immaterial	ADJ
ftr-365	1297	5	whether	whether	SCONJ
ftr-365	1297	6	any	any	DET
ftr-365	1297	7	such	such	ADJ
ftr-365	1297	8	employee	employee	NOUN
ftr-365	1297	9	or	or	CCONJ
ftr-365	1297	10	agent	agent	NOUN
ftr-365	1297	11	,	,	PUNCT
ftr-365	1297	12	wherever	wherever	SCONJ
ftr-365	1297	13	located	locate	VERB
ftr-365	1297	14	,	,	PUNCT
ftr-365	1297	15	is	be	AUX
ftr-365	1297	16	authorized	authorize	VERB
ftr-365	1297	17	to	to	PART
ftr-365	1297	18	exercise	exercise	VERB
ftr-365	1297	19	his	his	PRON
ftr-365	1297	20	own	own	ADJ
ftr-365	1297	21	discretion	discretion	NOUN
ftr-365	1297	22	in	in	ADP
ftr-365	1297	23	trading	trading	NOUN
ftr-365	1297	24	activities	activity	NOUN
ftr-365	1297	25	conducted	conduct	VERB
ftr-365	1297	26	,	,	PUNCT
ftr-365	1297	27	or	or	CCONJ
ftr-365	1297	28	in	in	ADP
ftr-365	1297	29	effecting	effect	VERB
ftr-365	1297	30	transactions	transaction	NOUN
ftr-365	1297	31	,	,	PUNCT
ftr-365	1297	32	on	on	ADP
ftr-365	1297	33	behalf	behalf	NOUN
ftr-365	1297	34	of	of	ADP
ftr-365	1297	35	his	his	PRON
ftr-365	1297	36	employer	employer	NOUN
ftr-365	1297	37	or	or	CCONJ
ftr-365	1297	38	principal	principal	NOUN
ftr-365	1297	39	.	.	PUNCT
ftr-365	1298	1	moreover	moreover	ADV
ftr-365	1298	2	,	,	PUNCT
ftr-365	1298	3	the	the	DET
ftr-365	1298	4	volume	volume	NOUN
ftr-365	1298	5	of	of	ADP
ftr-365	1298	6	stock	stock	NOUN
ftr-365	1298	7	or	or	CCONJ
ftr-365	1298	8	security	security	NOUN
ftr-365	1298	9	transactions	transaction	NOUN
ftr-365	1298	10	affected	affect	VERB
ftr-365	1298	11	during	during	ADP
ftr-365	1298	12	the	the	DET
ftr-365	1298	13	taxable	taxable	ADJ
ftr-365	1298	14	year	year	NOUN
ftr-365	1298	15	is	be	AUX
ftr-365	1298	16	not	not	PART
ftr-365	1298	17	material	material	ADJ
ftr-365	1298	18	.	.	PUNCT
ftr-365	1298	19	.	.	PUNCT
ftr-365	1298	20	.	.	PUNCT
ftr-365	1298	21	.	.	PUNCT
ftr-365	1299	1	[	[	X
ftr-365	1299	2	emphasis	emphasis	NOUN
ftr-365	1299	3	added	add	VERB
ftr-365	1299	4	.	.	PUNCT
ftr-365	1299	5	]	]	PUNCT
ftr-365	1299	6	.	.	PUNCT
ftr-365	1299	7	”	"	PUNCT
ftr-365	1300	1	296	296	NUM
ftr-365	1300	2	.	.	PUNCT
ftr-365	1301	1	i	i	PRON
ftr-365	1301	2	d.	d.	PROPN
ftr-365	1301	3	see	see	VERB
ftr-365	1301	4	also	also	ADV
ftr-365	1301	5	treas	treas	PROPN
ftr-365	1301	6	.	.	PUNCT
ftr-365	1302	1	regs	regs	PROPN
ftr-365	1302	2	.	.	PUNCT
ftr-365	1303	1	§	§	PROPN
ftr-365	1303	2	§	§	PROPN
ftr-365	1303	3	1.864	1.864	NUM
ftr-365	1303	4	-	-	SYM
ftr-365	1303	5	2(c)(1	2(c)(1	NUM
ftr-365	1303	6	)	)	PUNCT
ftr-365	1303	7	and	and	CCONJ
ftr-365	1303	8	(	(	PUNCT
ftr-365	1303	9	d)(1	d)(1	NOUN
ftr-365	1303	10	)	)	PUNCT
ftr-365	1303	11	.	.	PUNCT
ftr-365	1304	1	297	297	NUM
ftr-365	1304	2	.	.	PUNCT
ftr-365	1305	1	senate	senate	PROPN
ftr-365	1305	2	report	report	VERB
ftr-365	1305	3	no	no	INTJ
ftr-365	1305	4	.	.	NOUN
ftr-365	1306	1	74	74	NUM
ftr-365	1306	2	-	-	SYM
ftr-365	1306	3	2156	2156	NUM
ftr-365	1306	4	,	,	PUNCT
ftr-365	1306	5	at	at	ADP
ftr-365	1306	6	21	21	NUM
ftr-365	1306	7	(	(	PUNCT
ftr-365	1306	8	1936	1936	NUM
ftr-365	1306	9	)	)	PUNCT
ftr-365	1306	10	.	.	PUNCT
ftr-365	1307	1	56	56	NUM
ftr-365	1307	2	florida	florida	PROPN
ftr-365	1307	3	tax	tax	NOUN
ftr-365	1307	4	review	review	NOUN
ftr-365	1307	5	[	[	X
ftr-365	1307	6	vol	vol	NOUN
ftr-365	1307	7	.	.	PUNCT
ftr-365	1307	8	9:1	9:1	NUM
ftr-365	1307	9	a	a	DET
ftr-365	1307	10	foreign	foreign	ADJ
ftr-365	1307	11	person	person	NOUN
ftr-365	1307	12	engaged	engage	VERB
ftr-365	1307	13	in	in	ADP
ftr-365	1307	14	derivative	derivative	ADJ
ftr-365	1307	15	transactions	transaction	NOUN
ftr-365	1307	16	has	have	VERB
ftr-365	1307	17	a	a	DET
ftr-365	1307	18	u.s	u.s	PROPN
ftr-365	1307	19	.	.	PROPN
ftr-365	1307	20	permanent	permanent	ADJ
ftr-365	1307	21	establishment	establishment	NOUN
ftr-365	1307	22	if	if	SCONJ
ftr-365	1307	23	the	the	DET
ftr-365	1307	24	person	person	NOUN
ftr-365	1307	25	or	or	CCONJ
ftr-365	1307	26	a	a	DET
ftr-365	1307	27	dependent	dependent	ADJ
ftr-365	1307	28	agent	agent	NOUN
ftr-365	1307	29	has	have	VERB
ftr-365	1307	30	a	a	DET
ftr-365	1307	31	u.s	u.s	PROPN
ftr-365	1307	32	.	.	PROPN
ftr-365	1307	33	office	office	NOUN
ftr-365	1307	34	through	through	ADP
ftr-365	1307	35	which	which	PRON
ftr-365	1307	36	it	it	PRON
ftr-365	1307	37	regularly	regularly	ADV
ftr-365	1307	38	takes	take	VERB
ftr-365	1307	39	material	material	NOUN
ftr-365	1307	40	steps	step	NOUN
ftr-365	1307	41	to	to	PART
ftr-365	1307	42	acquire	acquire	VERB
ftr-365	1307	43	,	,	PUNCT
ftr-365	1307	44	manage	manage	VERB
ftr-365	1307	45	,	,	PUNCT
ftr-365	1307	46	or	or	CCONJ
ftr-365	1307	47	dispose	dispose	NOUN
ftr-365	1307	48	of	of	ADP
ftr-365	1307	49	derivative	derivative	ADJ
ftr-365	1307	50	contracts	contract	NOUN
ftr-365	1307	51	.	.	PUNCT
ftr-365	1308	1	[	[	X
ftr-365	1308	2	footnote	footnote	NOUN
ftr-365	1308	3	omitted	omit	VERB
ftr-365	1308	4	]	]	PUNCT
ftr-365	1308	5	as	as	ADP
ftr-365	1308	6	a	a	DET
ftr-365	1308	7	practical	practical	ADJ
ftr-365	1308	8	matter	matter	NOUN
ftr-365	1308	9	,	,	PUNCT
ftr-365	1308	10	foreign	foreign	ADJ
ftr-365	1308	11	persons	person	NOUN
ftr-365	1308	12	in	in	ADP
ftr-365	1308	13	the	the	DET
ftr-365	1308	14	derivatives	derivative	NOUN
ftr-365	1308	15	business	business	NOUN
ftr-365	1308	16	will	will	AUX
ftr-365	1308	17	have	have	VERB
ftr-365	1308	18	a	a	DET
ftr-365	1308	19	permanent	permanent	ADJ
ftr-365	1308	20	establishment	establishment	NOUN
ftr-365	1308	21	if	if	SCONJ
ftr-365	1308	22	they	they	PRON
ftr-365	1308	23	have	have	VERB
ftr-365	1308	24	a	a	DET
ftr-365	1308	25	fixed	fix	VERB
ftr-365	1308	26	place	place	NOUN
ftr-365	1308	27	of	of	ADP
ftr-365	1308	28	business	business	NOUN
ftr-365	1308	29	under	under	ADP
ftr-365	1308	30	the	the	DET
ftr-365	1308	31	u.s	u.s	PROPN
ftr-365	1308	32	.	.	PROPN
ftr-365	1308	33	domestic	domestic	ADJ
ftr-365	1308	34	rules	rule	NOUN
ftr-365	1308	35	.	.	PUNCT
ftr-365	1309	1	298	298	NUM
ftr-365	1309	2	e.	e.	PROPN
ftr-365	1309	3	credit	credit	PROPN
ftr-365	1309	4	default	default	NOUN
ftr-365	1309	5	swaps	swap	NOUN
ftr-365	1309	6	(	(	PUNCT
ftr-365	1309	7	cdss	cdss	NOUN
ftr-365	1309	8	)	)	PUNCT
ftr-365	1309	9	a	a	DET
ftr-365	1309	10	recent	recent	ADJ
ftr-365	1309	11	debate	debate	NOUN
ftr-365	1309	12	in	in	ADP
ftr-365	1309	13	the	the	DET
ftr-365	1309	14	united	united	PROPN
ftr-365	1309	15	states	states	PROPN
ftr-365	1309	16	over	over	ADP
ftr-365	1309	17	the	the	DET
ftr-365	1309	18	appropriate	appropriate	ADJ
ftr-365	1309	19	tax	tax	NOUN
ftr-365	1309	20	treatment	treatment	NOUN
ftr-365	1309	21	of	of	ADP
ftr-365	1309	22	cross	cross	ADJ
ftr-365	1309	23	-	-	ADJ
ftr-365	1309	24	border	border	ADJ
ftr-365	1309	25	cdss	cdss	NOUN
ftr-365	1309	26	illustrates	illustrate	VERB
ftr-365	1309	27	that	that	SCONJ
ftr-365	1309	28	the	the	DET
ftr-365	1309	29	united	united	PROPN
ftr-365	1309	30	states	states	PROPN
ftr-365	1309	31	still	still	ADV
ftr-365	1309	32	considers	consider	VERB
ftr-365	1309	33	tax	tax	NOUN
ftr-365	1309	34	measurements	measurement	NOUN
ftr-365	1309	35	to	to	PART
ftr-365	1309	36	attract	attract	VERB
ftr-365	1309	37	foreign	foreign	ADJ
ftr-365	1309	38	counter	counter	NOUN
ftr-365	1309	39	-	-	NOUN
ftr-365	1309	40	parties	party	NOUN
ftr-365	1309	41	to	to	PART
ftr-365	1309	42	transact	transact	VERB
ftr-365	1309	43	with	with	ADP
ftr-365	1309	44	domestic	domestic	ADJ
ftr-365	1309	45	businesses	business	NOUN
ftr-365	1309	46	.	.	PUNCT
ftr-365	1310	1	299	299	NUM
ftr-365	1310	2	in	in	ADP
ftr-365	1310	3	a	a	DET
ftr-365	1310	4	typical	typical	ADJ
ftr-365	1310	5	cds	cd	NOUN
ftr-365	1310	6	transaction	transaction	NOUN
ftr-365	1310	7	one	one	NUM
ftr-365	1310	8	party	party	NOUN
ftr-365	1310	9	(	(	PUNCT
ftr-365	1310	10	the	the	DET
ftr-365	1310	11	“	"	PUNCT
ftr-365	1310	12	protection	protection	NOUN
ftr-365	1310	13	buyer	buyer	NOUN
ftr-365	1310	14	”	"	PUNCT
ftr-365	1310	15	)	)	PUNCT
ftr-365	1310	16	enters	enter	VERB
ftr-365	1310	17	into	into	ADP
ftr-365	1310	18	a	a	DET
ftr-365	1310	19	contract	contract	NOUN
ftr-365	1310	20	with	with	ADP
ftr-365	1310	21	another	another	DET
ftr-365	1310	22	party	party	NOUN
ftr-365	1310	23	(	(	PUNCT
ftr-365	1310	24	the	the	DET
ftr-365	1310	25	“	"	PUNCT
ftr-365	1310	26	protection	protection	NOUN
ftr-365	1310	27	seller	seller	NOUN
ftr-365	1310	28	,	,	PUNCT
ftr-365	1310	29	”	"	PUNCT
ftr-365	1310	30	typically	typically	ADV
ftr-365	1310	31	a	a	DET
ftr-365	1310	32	foreign	foreign	ADJ
ftr-365	1310	33	party	party	NOUN
ftr-365	1310	34	)	)	PUNCT
ftr-365	1310	35	to	to	PART
ftr-365	1310	36	obtain	obtain	VERB
ftr-365	1310	37	the	the	DET
ftr-365	1310	38	right	right	NOUN
ftr-365	1310	39	to	to	ADP
ftr-365	1310	40	a	a	DET
ftr-365	1310	41	payment	payment	NOUN
ftr-365	1310	42	in	in	ADP
ftr-365	1310	43	the	the	DET
ftr-365	1310	44	event	event	NOUN
ftr-365	1310	45	of	of	ADP
ftr-365	1310	46	a	a	DET
ftr-365	1310	47	default	default	NOUN
ftr-365	1310	48	(	(	PUNCT
ftr-365	1310	49	the	the	DET
ftr-365	1310	50	“	"	PUNCT
ftr-365	1310	51	default	default	NOUN
ftr-365	1310	52	”	"	PUNCT
ftr-365	1310	53	)	)	PUNCT
ftr-365	1310	54	300	300	NUM
ftr-365	1310	55	by	by	ADP
ftr-365	1310	56	a	a	DET
ftr-365	1310	57	third	third	ADJ
ftr-365	1310	58	-	-	PUNCT
ftr-365	1310	59	party	party	NOUN
ftr-365	1310	60	obligor	obligor	NOUN
ftr-365	1310	61	(	(	PUNCT
ftr-365	1310	62	the	the	DET
ftr-365	1310	63	“	"	PUNCT
ftr-365	1310	64	reference	reference	NOUN
ftr-365	1310	65	entity	entity	NOUN
ftr-365	1310	66	”	"	PUNCT
ftr-365	1310	67	)	)	PUNCT
ftr-365	1310	68	on	on	ADP
ftr-365	1310	69	a	a	DET
ftr-365	1310	70	debt	debt	NOUN
ftr-365	1310	71	obligation	obligation	NOUN
ftr-365	1310	72	issued	issue	VERB
ftr-365	1310	73	by	by	ADP
ftr-365	1310	74	that	that	DET
ftr-365	1310	75	entity	entity	NOUN
ftr-365	1310	76	(	(	PUNCT
ftr-365	1310	77	the	the	DET
ftr-365	1310	78	“	"	PUNCT
ftr-365	1310	79	reference	reference	NOUN
ftr-365	1310	80	obligation	obligation	NOUN
ftr-365	1310	81	”	"	PUNCT
ftr-365	1310	82	)	)	PUNCT
ftr-365	1310	83	.	.	PUNCT
ftr-365	1311	1	the	the	DET
ftr-365	1311	2	protection	protection	NOUN
ftr-365	1311	3	buyer	buyer	NOUN
ftr-365	1311	4	need	need	AUX
ftr-365	1311	5	not	not	PART
ftr-365	1311	6	own	own	VERB
ftr-365	1311	7	the	the	DET
ftr-365	1311	8	reference	reference	NOUN
ftr-365	1311	9	obligation	obligation	NOUN
ftr-365	1311	10	.	.	PUNCT
ftr-365	1312	1	the	the	DET
ftr-365	1312	2	protection	protection	NOUN
ftr-365	1312	3	buyer	buyer	NOUN
ftr-365	1312	4	pays	pay	VERB
ftr-365	1312	5	the	the	DET
ftr-365	1312	6	protection	protection	NOUN
ftr-365	1312	7	seller	seller	NOUN
ftr-365	1312	8	either	either	CCONJ
ftr-365	1312	9	a	a	DET
ftr-365	1312	10	single	single	ADJ
ftr-365	1312	11	lump	lump	NOUN
ftr-365	1312	12	sum	sum	NOUN
ftr-365	1312	13	or	or	CCONJ
ftr-365	1312	14	periodic	periodic	ADJ
ftr-365	1312	15	payments	payment	NOUN
ftr-365	1312	16	.	.	PUNCT
ftr-365	1313	1	301	301	NUM
ftr-365	1313	2	in	in	ADP
ftr-365	1313	3	return	return	NOUN
ftr-365	1313	4	,	,	PUNCT
ftr-365	1313	5	the	the	DET
ftr-365	1313	6	protection	protection	NOUN
ftr-365	1313	7	buyer	buyer	NOUN
ftr-365	1313	8	has	have	VERB
ftr-365	1313	9	the	the	DET
ftr-365	1313	10	right	right	NOUN
ftr-365	1313	11	to	to	PART
ftr-365	1313	12	receive	receive	VERB
ftr-365	1313	13	either	either	PRON
ftr-365	1313	14	(	(	PUNCT
ftr-365	1313	15	i	i	NOUN
ftr-365	1313	16	)	)	PUNCT
ftr-365	1313	17	a	a	DET
ftr-365	1313	18	cash	cash	NOUN
ftr-365	1313	19	payment	payment	NOUN
ftr-365	1313	20	,	,	PUNCT
ftr-365	1313	21	equal	equal	ADJ
ftr-365	1313	22	to	to	ADP
ftr-365	1313	23	the	the	DET
ftr-365	1313	24	difference	difference	NOUN
ftr-365	1313	25	between	between	ADP
ftr-365	1313	26	the	the	DET
ftr-365	1313	27	reference	reference	NOUN
ftr-365	1313	28	obligation	obligation	NOUN
ftr-365	1313	29	’s	’s	PART
ftr-365	1313	30	value	value	NOUN
ftr-365	1313	31	at	at	ADP
ftr-365	1313	32	the	the	DET
ftr-365	1313	33	date	date	NOUN
ftr-365	1313	34	the	the	DET
ftr-365	1313	35	cds	cd	NOUN
ftr-365	1313	36	was	be	AUX
ftr-365	1313	37	established	establish	VERB
ftr-365	1313	38	and	and	CCONJ
ftr-365	1313	39	its	its	PRON
ftr-365	1313	40	value	value	NOUN
ftr-365	1313	41	at	at	ADP
ftr-365	1313	42	298	298	NUM
ftr-365	1313	43	.	.	PUNCT
ftr-365	1314	1	see	see	VERB
ftr-365	1314	2	may	may	AUX
ftr-365	1314	3	,	,	PUNCT
ftr-365	1314	4	supra	supra	PROPN
ftr-365	1314	5	note	note	VERB
ftr-365	1314	6	6	6	NUM
ftr-365	1314	7	.	.	SYM
ftr-365	1314	8	299	299	NUM
ftr-365	1314	9	.	.	PUNCT
ftr-365	1315	1	see	see	VERB
ftr-365	1315	2	notice	notice	NOUN
ftr-365	1315	3	2004	2004	NUM
ftr-365	1315	4	-	-	SYM
ftr-365	1315	5	52	52	NUM
ftr-365	1315	6	,	,	PUNCT
ftr-365	1315	7	2004	2004	NUM
ftr-365	1315	8	-	-	SYM
ftr-365	1315	9	32	32	NUM
ftr-365	1315	10	i.r.b	i.r.b	NOUN
ftr-365	1315	11	.	.	PUNCT
ftr-365	1316	1	168	168	NUM
ftr-365	1316	2	(	(	PUNCT
ftr-365	1316	3	aug	aug	PROPN
ftr-365	1316	4	.	.	PROPN
ftr-365	1316	5	9	9	NUM
ftr-365	1316	6	,	,	PUNCT
ftr-365	1316	7	2004	2004	NUM
ftr-365	1316	8	)	)	PUNCT
ftr-365	1316	9	.	.	PUNCT
ftr-365	1317	1	300	300	NUM
ftr-365	1317	2	.	.	PUNCT
ftr-365	1318	1	in	in	ADP
ftr-365	1318	2	general	general	ADJ
ftr-365	1318	3	,	,	PUNCT
ftr-365	1318	4	a	a	DET
ftr-365	1318	5	default	default	NOUN
ftr-365	1318	6	constitutes	constitute	VERB
ftr-365	1318	7	an	an	DET
ftr-365	1318	8	issuer	issuer	NOUN
ftr-365	1318	9	’s	’s	PART
ftr-365	1318	10	“	"	PUNCT
ftr-365	1318	11	failure	failure	NOUN
ftr-365	1318	12	to	to	PART
ftr-365	1318	13	make	make	VERB
ftr-365	1318	14	payments	payment	NOUN
ftr-365	1318	15	on	on	ADP
ftr-365	1318	16	any	any	PRON
ftr-365	1318	17	of	of	ADP
ftr-365	1318	18	its	its	PRON
ftr-365	1318	19	obligations	obligation	NOUN
ftr-365	1318	20	when	when	SCONJ
ftr-365	1318	21	due	due	ADJ
ftr-365	1318	22	,	,	PUNCT
ftr-365	1318	23	”	"	PUNCT
ftr-365	1318	24	typically	typically	ADV
ftr-365	1318	25	upon	upon	SCONJ
ftr-365	1318	26	insolvency	insolvency	NOUN
ftr-365	1318	27	or	or	CCONJ
ftr-365	1318	28	bankruptcy	bankruptcy	NOUN
ftr-365	1318	29	.	.	PUNCT
ftr-365	1319	1	see	see	VERB
ftr-365	1319	2	david	david	PROPN
ftr-365	1319	3	z.	z.	PROPN
ftr-365	1319	4	nirenberg	nirenberg	PROPN
ftr-365	1319	5	&	&	CCONJ
ftr-365	1319	6	steven	steven	PROPN
ftr-365	1319	7	l.	l.	PROPN
ftr-365	1319	8	kopp	kopp	PROPN
ftr-365	1319	9	,	,	PUNCT
ftr-365	1319	10	credit	credit	NOUN
ftr-365	1319	11	derivatives	derivative	NOUN
ftr-365	1319	12	:	:	PUNCT
ftr-365	1319	13	tax	tax	NOUN
ftr-365	1319	14	treatment	treatment	NOUN
ftr-365	1319	15	of	of	ADP
ftr-365	1319	16	total	total	ADJ
ftr-365	1319	17	return	return	NOUN
ftr-365	1319	18	swaps	swap	NOUN
ftr-365	1319	19	,	,	PUNCT
ftr-365	1319	20	default	default	NOUN
ftr-365	1319	21	swaps	swap	NOUN
ftr-365	1319	22	,	,	PUNCT
ftr-365	1319	23	and	and	CCONJ
ftr-365	1319	24	credit	credit	NOUN
ftr-365	1319	25	-	-	PUNCT
ftr-365	1319	26	linked	link	VERB
ftr-365	1319	27	notes	note	NOUN
ftr-365	1319	28	,	,	PUNCT
ftr-365	1319	29	87	87	NUM
ftr-365	1319	30	j.	j.	PROPN
ftr-365	1319	31	tax’n	tax’n	PROPN
ftr-365	1319	32	82	82	NUM
ftr-365	1319	33	(	(	PUNCT
ftr-365	1319	34	1997	1997	NUM
ftr-365	1319	35	)	)	PUNCT
ftr-365	1319	36	.	.	PUNCT
ftr-365	1320	1	credit	credit	NOUN
ftr-365	1320	2	events	event	NOUN
ftr-365	1320	3	may	may	AUX
ftr-365	1320	4	also	also	ADV
ftr-365	1320	5	include	include	VERB
ftr-365	1320	6	“	"	PUNCT
ftr-365	1320	7	a	a	DET
ftr-365	1320	8	specified	specified	ADJ
ftr-365	1320	9	price	price	NOUN
ftr-365	1320	10	change	change	NOUN
ftr-365	1320	11	in	in	ADP
ftr-365	1320	12	the	the	DET
ftr-365	1320	13	[	[	PUNCT
ftr-365	1320	14	reference	reference	NOUN
ftr-365	1320	15	entity	entity	NOUN
ftr-365	1320	16	]	]	PUNCT
ftr-365	1320	17	’s	’s	PART
ftr-365	1320	18	debt	debt	NOUN
ftr-365	1320	19	or	or	CCONJ
ftr-365	1320	20	a	a	DET
ftr-365	1320	21	rating	rating	NOUN
ftr-365	1320	22	downgrade	downgrade	NOUN
ftr-365	1320	23	.	.	PUNCT
ftr-365	1320	24	”	"	PUNCT
ftr-365	1321	1	frank	frank	PROPN
ftr-365	1321	2	partnoy	partnoy	PROPN
ftr-365	1321	3	,	,	PUNCT
ftr-365	1321	4	the	the	DET
ftr-365	1321	5	siskel	siskel	NOUN
ftr-365	1321	6	and	and	CCONJ
ftr-365	1321	7	ebert	ebert	NOUN
ftr-365	1321	8	of	of	ADP
ftr-365	1321	9	financial	financial	ADJ
ftr-365	1321	10	markets	market	NOUN
ftr-365	1321	11	?	?	PUNCT
ftr-365	1321	12	:	:	PUNCT
ftr-365	1321	13	two	two	NUM
ftr-365	1321	14	thumbs	thumb	NOUN
ftr-365	1321	15	down	down	ADP
ftr-365	1321	16	for	for	ADP
ftr-365	1321	17	the	the	DET
ftr-365	1321	18	credit	credit	NOUN
ftr-365	1321	19	rating	rating	NOUN
ftr-365	1321	20	agencies	agency	NOUN
ftr-365	1321	21	,	,	PUNCT
ftr-365	1321	22	77	77	NUM
ftr-365	1321	23	wash	wash	NOUN
ftr-365	1321	24	.	.	PUNCT
ftr-365	1322	1	u.l.q	u.l.q	NOUN
ftr-365	1322	2	.	.	PUNCT
ftr-365	1323	1	619	619	NUM
ftr-365	1323	2	,	,	PUNCT
ftr-365	1323	3	677	677	NUM
ftr-365	1323	4	(	(	PUNCT
ftr-365	1323	5	1999	1999	NUM
ftr-365	1323	6	)	)	PUNCT
ftr-365	1323	7	.	.	PUNCT
ftr-365	1324	1	thus	thus	ADV
ftr-365	1324	2	,	,	PUNCT
ftr-365	1324	3	a	a	DET
ftr-365	1324	4	default	default	NOUN
ftr-365	1324	5	may	may	AUX
ftr-365	1324	6	indicate	indicate	VERB
ftr-365	1324	7	“	"	PUNCT
ftr-365	1324	8	a	a	DET
ftr-365	1324	9	decline	decline	NOUN
ftr-365	1324	10	in	in	ADP
ftr-365	1324	11	the	the	DET
ftr-365	1324	12	creditworthiness	creditworthiness	NOUN
ftr-365	1324	13	of	of	ADP
ftr-365	1324	14	the	the	DET
ftr-365	1324	15	[	[	X
ftr-365	1324	16	issuer	issuer	NOUN
ftr-365	1324	17	]	]	PUNCT
ftr-365	1324	18	of	of	ADP
ftr-365	1324	19	the	the	DET
ftr-365	1324	20	reference	reference	NOUN
ftr-365	1324	21	[	[	X
ftr-365	1324	22	obligation	obligation	NOUN
ftr-365	1324	23	]	]	X
ftr-365	1324	24	.	.	PUNCT
ftr-365	1324	25	”	"	PUNCT
ftr-365	1325	1	jonathan	jonathan	PROPN
ftr-365	1325	2	talisman	talisman	PROPN
ftr-365	1325	3	and	and	CCONJ
ftr-365	1325	4	joseph	joseph	PROPN
ftr-365	1325	5	mikrut	mikrut	PROPN
ftr-365	1325	6	,	,	PUNCT
ftr-365	1325	7	writers	writer	NOUN
ftr-365	1325	8	make	make	VERB
ftr-365	1325	9	second	second	ADJ
ftr-365	1325	10	request	request	NOUN
ftr-365	1325	11	for	for	ADP
ftr-365	1325	12	guidance	guidance	NOUN
ftr-365	1325	13	on	on	ADP
ftr-365	1325	14	credit	credit	NOUN
ftr-365	1325	15	default	default	NOUN
ftr-365	1325	16	swaps	swap	NOUN
ftr-365	1325	17	,	,	PUNCT
ftr-365	1325	18	2002	2002	NUM
ftr-365	1325	19	tnt	tnt	PROPN
ftr-365	1325	20	148	148	NUM
ftr-365	1325	21	-	-	SYM
ftr-365	1325	22	34	34	NUM
ftr-365	1325	23	(	(	PUNCT
ftr-365	1325	24	july	july	PROPN
ftr-365	1325	25	02	02	NUM
ftr-365	1325	26	,	,	PUNCT
ftr-365	1325	27	2002	2002	NUM
ftr-365	1325	28	)	)	PUNCT
ftr-365	1325	29	.	.	PUNCT
ftr-365	1326	1	301	301	NUM
ftr-365	1326	2	.	.	PUNCT
ftr-365	1327	1	the	the	DET
ftr-365	1327	2	periodic	periodic	ADJ
ftr-365	1327	3	payments	payment	NOUN
ftr-365	1327	4	generally	generally	ADV
ftr-365	1327	5	consist	consist	VERB
ftr-365	1327	6	of	of	ADP
ftr-365	1327	7	“	"	PUNCT
ftr-365	1327	8	a	a	DET
ftr-365	1327	9	fixed	fixed	ADJ
ftr-365	1327	10	number	number	NOUN
ftr-365	1327	11	of	of	ADP
ftr-365	1327	12	basis	basis	NOUN
ftr-365	1327	13	points	point	NOUN
ftr-365	1327	14	applied	apply	VERB
ftr-365	1327	15	to	to	ADP
ftr-365	1327	16	a	a	DET
ftr-365	1327	17	notional	notional	ADJ
ftr-365	1327	18	principal	principal	ADJ
ftr-365	1327	19	amount	amount	NOUN
ftr-365	1327	20	”	"	PUNCT
ftr-365	1327	21	(	(	PUNCT
ftr-365	1327	22	equal	equal	ADJ
ftr-365	1327	23	to	to	ADP
ftr-365	1327	24	the	the	DET
ftr-365	1327	25	reference	reference	NOUN
ftr-365	1327	26	obligation	obligation	NOUN
ftr-365	1327	27	’s	’s	PART
ftr-365	1327	28	value	value	NOUN
ftr-365	1327	29	at	at	ADP
ftr-365	1327	30	the	the	DET
ftr-365	1327	31	time	time	NOUN
ftr-365	1327	32	the	the	DET
ftr-365	1327	33	cds	cd	NOUN
ftr-365	1327	34	is	be	AUX
ftr-365	1327	35	entered	enter	VERB
ftr-365	1327	36	into	into	ADP
ftr-365	1327	37	)	)	PUNCT
ftr-365	1327	38	.	.	PUNCT
ftr-365	1328	1	see	see	VERB
ftr-365	1328	2	nirenberg	nirenberg	PROPN
ftr-365	1328	3	&	&	CCONJ
ftr-365	1328	4	kopp	kopp	PROPN
ftr-365	1328	5	(	(	PUNCT
ftr-365	1328	6	1997	1997	NUM
ftr-365	1328	7	)	)	PUNCT
ftr-365	1328	8	,	,	PUNCT
ftr-365	1328	9	supra	supra	PROPN
ftr-365	1328	10	note	note	NOUN
ftr-365	1328	11	300	300	NUM
ftr-365	1328	12	,	,	PUNCT
ftr-365	1328	13	at	at	ADP
ftr-365	1328	14	89	89	NUM
ftr-365	1328	15	.	.	PUNCT
ftr-365	1329	1	normally	normally	ADV
ftr-365	1329	2	,	,	PUNCT
ftr-365	1329	3	the	the	DET
ftr-365	1329	4	protection	protection	NOUN
ftr-365	1329	5	buyer	buyer	NOUN
ftr-365	1329	6	will	will	AUX
ftr-365	1329	7	stop	stop	VERB
ftr-365	1329	8	making	make	VERB
ftr-365	1329	9	payments	payment	NOUN
ftr-365	1329	10	when	when	SCONJ
ftr-365	1329	11	the	the	DET
ftr-365	1329	12	default	default	NOUN
ftr-365	1329	13	occurs	occur	VERB
ftr-365	1329	14	,	,	PUNCT
ftr-365	1329	15	and	and	CCONJ
ftr-365	1329	16	in	in	ADP
ftr-365	1329	17	the	the	DET
ftr-365	1329	18	absence	absence	NOUN
ftr-365	1329	19	of	of	ADP
ftr-365	1329	20	default	default	NOUN
ftr-365	1329	21	,	,	PUNCT
ftr-365	1329	22	will	will	AUX
ftr-365	1329	23	continue	continue	VERB
ftr-365	1329	24	making	make	VERB
ftr-365	1329	25	the	the	DET
ftr-365	1329	26	payments	payment	NOUN
ftr-365	1329	27	until	until	ADP
ftr-365	1329	28	maturity	maturity	NOUN
ftr-365	1329	29	of	of	ADP
ftr-365	1329	30	the	the	DET
ftr-365	1329	31	cds	cd	NOUN
ftr-365	1329	32	.	.	PUNCT
ftr-365	1330	1	however	however	ADV
ftr-365	1330	2	,	,	PUNCT
ftr-365	1330	3	several	several	ADJ
ftr-365	1330	4	other	other	ADJ
ftr-365	1330	5	alternatives	alternative	NOUN
ftr-365	1330	6	could	could	AUX
ftr-365	1330	7	be	be	AUX
ftr-365	1330	8	contemplated	contemplate	VERB
ftr-365	1330	9	,	,	PUNCT
ftr-365	1330	10	including	include	VERB
ftr-365	1330	11	,	,	PUNCT
ftr-365	1330	12	for	for	ADP
ftr-365	1330	13	example	example	NOUN
ftr-365	1330	14	,	,	PUNCT
ftr-365	1330	15	continuing	continue	VERB
ftr-365	1330	16	making	make	VERB
ftr-365	1330	17	payment	payment	NOUN
ftr-365	1330	18	even	even	ADV
ftr-365	1330	19	after	after	ADP
ftr-365	1330	20	the	the	DET
ftr-365	1330	21	default	default	NOUN
ftr-365	1330	22	.	.	PUNCT
ftr-365	1331	1	2008	2008	NUM
ftr-365	1331	2	]	]	PUNCT
ftr-365	1332	1	the	the	DET
ftr-365	1332	2	case	case	NOUN
ftr-365	1332	3	for	for	ADP
ftr-365	1332	4	residency	residency	NOUN
ftr-365	1332	5	-	-	PUNCT
ftr-365	1332	6	based	base	VERB
ftr-365	1332	7	taxation	taxation	NOUN
ftr-365	1332	8	57	57	NUM
ftr-365	1332	9	the	the	DET
ftr-365	1332	10	time	time	NOUN
ftr-365	1332	11	of	of	ADP
ftr-365	1332	12	the	the	DET
ftr-365	1332	13	default	default	NOUN
ftr-365	1332	14	,	,	PUNCT
ftr-365	1332	15	or	or	CCONJ
ftr-365	1332	16	(	(	PUNCT
ftr-365	1332	17	ii	ii	NOUN
ftr-365	1332	18	)	)	PUNCT
ftr-365	1332	19	the	the	DET
ftr-365	1332	20	right	right	NOUN
ftr-365	1332	21	to	to	PART
ftr-365	1332	22	deliver	deliver	VERB
ftr-365	1332	23	the	the	DET
ftr-365	1332	24	reference	reference	NOUN
ftr-365	1332	25	obligation	obligation	NOUN
ftr-365	1332	26	to	to	ADP
ftr-365	1332	27	the	the	DET
ftr-365	1332	28	protection	protection	NOUN
ftr-365	1332	29	seller	seller	NOUN
ftr-365	1332	30	for	for	ADP
ftr-365	1332	31	cash	cash	NOUN
ftr-365	1332	32	equal	equal	ADJ
ftr-365	1332	33	to	to	ADP
ftr-365	1332	34	its	its	PRON
ftr-365	1332	35	face	face	NOUN
ftr-365	1332	36	amount	amount	NOUN
ftr-365	1332	37	.	.	PUNCT
ftr-365	1333	1	302	302	NUM
ftr-365	1333	2	a	a	DET
ftr-365	1333	3	cds	cd	NOUN
ftr-365	1333	4	can	can	AUX
ftr-365	1333	5	cover	cover	VERB
ftr-365	1333	6	the	the	DET
ftr-365	1333	7	credit	credit	NOUN
ftr-365	1333	8	risk	risk	NOUN
ftr-365	1333	9	of	of	ADP
ftr-365	1333	10	a	a	DET
ftr-365	1333	11	single	single	ADJ
ftr-365	1333	12	reference	reference	NOUN
ftr-365	1333	13	obligation	obligation	NOUN
ftr-365	1333	14	,	,	PUNCT
ftr-365	1333	15	various	various	ADJ
ftr-365	1333	16	debt	debt	NOUN
ftr-365	1333	17	obligations	obligation	NOUN
ftr-365	1333	18	of	of	ADP
ftr-365	1333	19	a	a	DET
ftr-365	1333	20	single	single	ADJ
ftr-365	1333	21	reference	reference	NOUN
ftr-365	1333	22	entity	entity	NOUN
ftr-365	1333	23	,	,	PUNCT
ftr-365	1333	24	or	or	CCONJ
ftr-365	1333	25	a	a	DET
ftr-365	1333	26	group	group	NOUN
ftr-365	1333	27	of	of	ADP
ftr-365	1333	28	reference	reference	NOUN
ftr-365	1333	29	obligations	obligation	NOUN
ftr-365	1333	30	issued	issue	VERB
ftr-365	1333	31	by	by	ADP
ftr-365	1333	32	different	different	ADJ
ftr-365	1333	33	entities	entity	NOUN
ftr-365	1333	34	.	.	PUNCT
ftr-365	1334	1	303	303	NUM
ftr-365	1334	2	in	in	ADP
ftr-365	1334	3	general	general	ADJ
ftr-365	1334	4	,	,	PUNCT
ftr-365	1334	5	taxpayers	taxpayer	NOUN
ftr-365	1334	6	other	other	ADJ
ftr-365	1334	7	than	than	ADP
ftr-365	1334	8	dealers	dealer	NOUN
ftr-365	1334	9	enter	enter	VERB
ftr-365	1334	10	into	into	ADP
ftr-365	1334	11	cdss	cdss	NOUN
ftr-365	1334	12	for	for	ADP
ftr-365	1334	13	one	one	NUM
ftr-365	1334	14	of	of	ADP
ftr-365	1334	15	the	the	DET
ftr-365	1334	16	following	following	ADJ
ftr-365	1334	17	reasons	reason	NOUN
ftr-365	1334	18	:	:	PUNCT
ftr-365	1334	19	(	(	PUNCT
ftr-365	1334	20	i	i	NOUN
ftr-365	1334	21	)	)	PUNCT
ftr-365	1334	22	a	a	DET
ftr-365	1334	23	holder	holder	NOUN
ftr-365	1334	24	of	of	ADP
ftr-365	1334	25	a	a	DET
ftr-365	1334	26	reference	reference	NOUN
ftr-365	1334	27	obligation	obligation	NOUN
ftr-365	1334	28	can	can	AUX
ftr-365	1334	29	become	become	VERB
ftr-365	1334	30	a	a	DET
ftr-365	1334	31	protection	protection	NOUN
ftr-365	1334	32	buyer	buyer	NOUN
ftr-365	1334	33	to	to	PART
ftr-365	1334	34	hedge	hedge	VERB
ftr-365	1334	35	the	the	DET
ftr-365	1334	36	credit	credit	NOUN
ftr-365	1334	37	risk	risk	NOUN
ftr-365	1334	38	associated	associate	VERB
ftr-365	1334	39	with	with	ADP
ftr-365	1334	40	holding	hold	VERB
ftr-365	1334	41	the	the	DET
ftr-365	1334	42	reference	reference	NOUN
ftr-365	1334	43	obligation	obligation	NOUN
ftr-365	1334	44	;	;	PUNCT
ftr-365	1334	45	(	(	PUNCT
ftr-365	1334	46	ii	ii	NOUN
ftr-365	1334	47	)	)	PUNCT
ftr-365	1334	48	a	a	DET
ftr-365	1334	49	trader	trader	NOUN
ftr-365	1334	50	or	or	CCONJ
ftr-365	1334	51	investor	investor	NOUN
ftr-365	1334	52	with	with	ADP
ftr-365	1334	53	a	a	DET
ftr-365	1334	54	portfolio	portfolio	NOUN
ftr-365	1334	55	of	of	ADP
ftr-365	1334	56	less	less	ADV
ftr-365	1334	57	risky	risky	ADJ
ftr-365	1334	58	obligations	obligation	NOUN
ftr-365	1334	59	can	can	AUX
ftr-365	1334	60	become	become	VERB
ftr-365	1334	61	a	a	DET
ftr-365	1334	62	protection	protection	NOUN
ftr-365	1334	63	seller	seller	NOUN
ftr-365	1334	64	in	in	ADP
ftr-365	1334	65	order	order	NOUN
ftr-365	1334	66	to	to	PART
ftr-365	1334	67	enhance	enhance	VERB
ftr-365	1334	68	the	the	DET
ftr-365	1334	69	yield	yield	NOUN
ftr-365	1334	70	on	on	ADP
ftr-365	1334	71	that	that	DET
ftr-365	1334	72	portfolio	portfolio	NOUN
ftr-365	1334	73	(	(	PUNCT
ftr-365	1334	74	at	at	ADP
ftr-365	1334	75	the	the	DET
ftr-365	1334	76	cost	cost	NOUN
ftr-365	1334	77	of	of	ADP
ftr-365	1334	78	undertaking	undertake	VERB
ftr-365	1334	79	additional	additional	ADJ
ftr-365	1334	80	risk	risk	NOUN
ftr-365	1334	81	)	)	PUNCT
ftr-365	1334	82	;	;	PUNCT
ftr-365	1334	83	or	or	CCONJ
ftr-365	1334	84	(	(	PUNCT
ftr-365	1334	85	iii	iii	X
ftr-365	1334	86	)	)	PUNCT
ftr-365	1334	87	a	a	DET
ftr-365	1334	88	trader	trader	NOUN
ftr-365	1334	89	or	or	CCONJ
ftr-365	1334	90	investor	investor	NOUN
ftr-365	1334	91	can	can	AUX
ftr-365	1334	92	use	use	VERB
ftr-365	1334	93	a	a	DET
ftr-365	1334	94	cds	cd	NOUN
ftr-365	1334	95	,	,	PUNCT
ftr-365	1334	96	either	either	CCONJ
ftr-365	1334	97	as	as	ADP
ftr-365	1334	98	a	a	DET
ftr-365	1334	99	protection	protection	NOUN
ftr-365	1334	100	buyer	buyer	NOUN
ftr-365	1334	101	or	or	CCONJ
ftr-365	1334	102	protection	protection	NOUN
ftr-365	1334	103	seller	seller	NOUN
ftr-365	1334	104	,	,	PUNCT
ftr-365	1334	105	to	to	PART
ftr-365	1334	106	take	take	VERB
ftr-365	1334	107	a	a	DET
ftr-365	1334	108	synthetic	synthetic	NOUN
ftr-365	1334	109	long	long	ADJ
ftr-365	1334	110	or	or	CCONJ
ftr-365	1334	111	short	short	ADJ
ftr-365	1334	112	position	position	NOUN
ftr-365	1334	113	with	with	ADP
ftr-365	1334	114	respect	respect	NOUN
ftr-365	1334	115	to	to	ADP
ftr-365	1334	116	a	a	DET
ftr-365	1334	117	reference	reference	NOUN
ftr-365	1334	118	obligation	obligation	NOUN
ftr-365	1334	119	as	as	ADP
ftr-365	1334	120	part	part	NOUN
ftr-365	1334	121	of	of	ADP
ftr-365	1334	122	its	its	PRON
ftr-365	1334	123	overall	overall	ADJ
ftr-365	1334	124	strategy	strategy	NOUN
ftr-365	1334	125	of	of	ADP
ftr-365	1334	126	trying	try	VERB
ftr-365	1334	127	to	to	PART
ftr-365	1334	128	maximize	maximize	VERB
ftr-365	1334	129	returns	return	NOUN
ftr-365	1334	130	.	.	PUNCT
ftr-365	1335	1	304	304	NUM
ftr-365	1335	2	in	in	ADP
ftr-365	1335	3	regard	regard	NOUN
ftr-365	1335	4	to	to	ADP
ftr-365	1335	5	the	the	DET
ftr-365	1335	6	cross	cross	ADJ
ftr-365	1335	7	-	-	ADJ
ftr-365	1335	8	border	border	ADJ
ftr-365	1335	9	aspects	aspect	NOUN
ftr-365	1335	10	of	of	ADP
ftr-365	1335	11	cdss	cdss	NOUN
ftr-365	1335	12	,	,	PUNCT
ftr-365	1335	13	the	the	DET
ftr-365	1335	14	irs	irs	PROPN
ftr-365	1335	15	raised	raise	VERB
ftr-365	1335	16	two	two	NUM
ftr-365	1335	17	questions	question	NOUN
ftr-365	1335	18	in	in	ADP
ftr-365	1335	19	notice	notice	NOUN
ftr-365	1335	20	2004	2004	NUM
ftr-365	1335	21	-	-	SYM
ftr-365	1335	22	52	52	NUM
ftr-365	1335	23	:	:	PUNCT
ftr-365	1335	24	(	(	PUNCT
ftr-365	1335	25	i	i	NOUN
ftr-365	1335	26	)	)	PUNCT
ftr-365	1335	27	whether	whether	SCONJ
ftr-365	1335	28	a	a	DET
ftr-365	1335	29	payment	payment	NOUN
ftr-365	1335	30	to	to	ADP
ftr-365	1335	31	or	or	CCONJ
ftr-365	1335	32	from	from	ADP
ftr-365	1335	33	a	a	DET
ftr-365	1335	34	foreign	foreign	ADJ
ftr-365	1335	35	counterparty	counterparty	NOUN
ftr-365	1335	36	should	should	AUX
ftr-365	1335	37	be	be	AUX
ftr-365	1335	38	subject	subject	ADJ
ftr-365	1335	39	to	to	ADP
ftr-365	1335	40	withholding	withhold	VERB
ftr-365	1335	41	tax	tax	NOUN
ftr-365	1335	42	in	in	ADP
ftr-365	1335	43	the	the	DET
ftr-365	1335	44	u.s	u.s	PROPN
ftr-365	1335	45	.	.	PROPN
ftr-365	1335	46	,	,	PUNCT
ftr-365	1335	47	and	and	CCONJ
ftr-365	1335	48	(	(	PUNCT
ftr-365	1335	49	ii	ii	NOUN
ftr-365	1335	50	)	)	PUNCT
ftr-365	1335	51	whether	whether	SCONJ
ftr-365	1335	52	entering	enter	VERB
ftr-365	1335	53	into	into	ADP
ftr-365	1335	54	cds	cd	NOUN
ftr-365	1335	55	contracts	contract	NOUN
ftr-365	1335	56	with	with	ADP
ftr-365	1335	57	u.s	u.s	PROPN
ftr-365	1335	58	.	.	PROPN
ftr-365	1335	59	counterparties	counterpartie	NOUN
ftr-365	1335	60	could	could	AUX
ftr-365	1335	61	be	be	AUX
ftr-365	1335	62	construed	construe	VERB
ftr-365	1335	63	as	as	ADP
ftr-365	1335	64	the	the	DET
ftr-365	1335	65	conduct	conduct	NOUN
ftr-365	1335	66	of	of	ADP
ftr-365	1335	67	a	a	DET
ftr-365	1335	68	u.s	u.s	PROPN
ftr-365	1335	69	.	.	PROPN
ftr-365	1335	70	trade	trade	NOUN
ftr-365	1335	71	or	or	CCONJ
ftr-365	1335	72	business	business	NOUN
ftr-365	1335	73	.	.	PUNCT
ftr-365	1336	1	in	in	ADP
ftr-365	1336	2	response	response	NOUN
ftr-365	1336	3	to	to	ADP
ftr-365	1336	4	the	the	DET
ftr-365	1336	5	irs	irs	PROPN
ftr-365	1336	6	’s	’s	PART
ftr-365	1336	7	request	request	NOUN
ftr-365	1336	8	for	for	ADP
ftr-365	1336	9	comments	comment	NOUN
ftr-365	1336	10	,	,	PUNCT
ftr-365	1336	11	several	several	ADJ
ftr-365	1336	12	commentators	commentator	NOUN
ftr-365	1336	13	have	have	AUX
ftr-365	1336	14	indicated	indicate	VERB
ftr-365	1336	15	that	that	SCONJ
ftr-365	1336	16	the	the	DET
ftr-365	1336	17	same	same	ADJ
ftr-365	1336	18	reasons	reason	NOUN
ftr-365	1336	19	that	that	PRON
ftr-365	1336	20	lead	lead	VERB
ftr-365	1336	21	congress	congress	PROPN
ftr-365	1336	22	to	to	PART
ftr-365	1336	23	enact	enact	VERB
ftr-365	1336	24	the	the	DET
ftr-365	1336	25	securities	security	NOUN
ftr-365	1336	26	trading	trading	NOUN
ftr-365	1336	27	exception	exception	NOUN
ftr-365	1336	28	and	and	CCONJ
ftr-365	1336	29	the	the	DET
ftr-365	1336	30	source	source	NOUN
ftr-365	1336	31	rules	rule	VERB
ftr-365	1336	32	for	for	ADP
ftr-365	1336	33	periodic	periodic	ADJ
ftr-365	1336	34	payments	payment	NOUN
ftr-365	1336	35	on	on	ADP
ftr-365	1336	36	notional	notional	ADJ
ftr-365	1336	37	principal	principal	ADJ
ftr-365	1336	38	contracts	contract	NOUN
ftr-365	1336	39	should	should	AUX
ftr-365	1336	40	apply	apply	VERB
ftr-365	1336	41	to	to	ADP
ftr-365	1336	42	cdss	cdss	NOUN
ftr-365	1336	43	.	.	PUNCT
ftr-365	1337	1	305	305	NUM
ftr-365	1337	2	302	302	NUM
ftr-365	1337	3	.	.	PUNCT
ftr-365	1338	1	i	i	PRON
ftr-365	1338	2	d.	d.	PROPN
ftr-365	1338	3	physical	physical	PROPN
ftr-365	1338	4	settlement	settlement	PROPN
ftr-365	1338	5	generally	generally	ADV
ftr-365	1338	6	reflects	reflect	VERB
ftr-365	1338	7	the	the	DET
ftr-365	1338	8	net	net	ADJ
ftr-365	1338	9	economics	economic	NOUN
ftr-365	1338	10	of	of	ADP
ftr-365	1338	11	cash	cash	NOUN
ftr-365	1338	12	settlement	settlement	NOUN
ftr-365	1338	13	because	because	SCONJ
ftr-365	1338	14	the	the	DET
ftr-365	1338	15	protection	protection	NOUN
ftr-365	1338	16	buyer	buyer	NOUN
ftr-365	1338	17	is	be	AUX
ftr-365	1338	18	compensated	compensate	VERB
ftr-365	1338	19	for	for	ADP
ftr-365	1338	20	the	the	DET
ftr-365	1338	21	reduction	reduction	NOUN
ftr-365	1338	22	in	in	ADP
ftr-365	1338	23	the	the	DET
ftr-365	1338	24	reference	reference	NOUN
ftr-365	1338	25	obligation	obligation	NOUN
ftr-365	1338	26	’s	’s	PART
ftr-365	1338	27	value	value	NOUN
ftr-365	1338	28	by	by	ADP
ftr-365	1338	29	allowing	allow	VERB
ftr-365	1338	30	it	it	PRON
ftr-365	1338	31	to	to	PART
ftr-365	1338	32	sell	sell	VERB
ftr-365	1338	33	the	the	DET
ftr-365	1338	34	reference	reference	NOUN
ftr-365	1338	35	obligation	obligation	NOUN
ftr-365	1338	36	to	to	ADP
ftr-365	1338	37	the	the	DET
ftr-365	1338	38	protection	protection	NOUN
ftr-365	1338	39	seller	seller	NOUN
ftr-365	1338	40	at	at	ADP
ftr-365	1338	41	par	par	NOUN
ftr-365	1338	42	.	.	PUNCT
ftr-365	1339	1	in	in	ADP
ftr-365	1339	2	the	the	DET
ftr-365	1339	3	event	event	NOUN
ftr-365	1339	4	the	the	DET
ftr-365	1339	5	protection	protection	NOUN
ftr-365	1339	6	buyer	buyer	NOUN
ftr-365	1339	7	decides	decide	VERB
ftr-365	1339	8	to	to	PART
ftr-365	1339	9	deliver	deliver	VERB
ftr-365	1339	10	a	a	DET
ftr-365	1339	11	different	different	ADJ
ftr-365	1339	12	obligation	obligation	NOUN
ftr-365	1339	13	,	,	PUNCT
ftr-365	1339	14	such	such	DET
ftr-365	1339	15	a	a	DET
ftr-365	1339	16	different	different	ADJ
ftr-365	1339	17	obligation	obligation	NOUN
ftr-365	1339	18	should	should	AUX
ftr-365	1339	19	approximate	approximate	VERB
ftr-365	1339	20	the	the	DET
ftr-365	1339	21	post	post	ADJ
ftr-365	1339	22	-	-	ADJ
ftr-365	1339	23	default	default	ADJ
ftr-365	1339	24	amount	amount	NOUN
ftr-365	1339	25	of	of	ADP
ftr-365	1339	26	the	the	DET
ftr-365	1339	27	reference	reference	NOUN
ftr-365	1339	28	obligation	obligation	NOUN
ftr-365	1339	29	.	.	PUNCT
ftr-365	1340	1	see	see	VERB
ftr-365	1340	2	isda	isda	PROPN
ftr-365	1340	3	offers	offer	VERB
ftr-365	1340	4	treasury	treasury	NOUN
ftr-365	1340	5	documents	document	NOUN
ftr-365	1340	6	on	on	ADP
ftr-365	1340	7	treatment	treatment	NOUN
ftr-365	1340	8	of	of	ADP
ftr-365	1340	9	credit	credit	NOUN
ftr-365	1340	10	default	default	NOUN
ftr-365	1340	11	swaps	swap	NOUN
ftr-365	1340	12	,	,	PUNCT
ftr-365	1340	13	2003	2003	NUM
ftr-365	1340	14	tnt	tnt	PROPN
ftr-365	1340	15	232	232	NUM
ftr-365	1340	16	-	-	SYM
ftr-365	1340	17	17	17	NUM
ftr-365	1340	18	(	(	PUNCT
ftr-365	1340	19	nov	nov	PROPN
ftr-365	1340	20	.	.	PROPN
ftr-365	1340	21	21	21	NUM
ftr-365	1340	22	,	,	PUNCT
ftr-365	1340	23	2003	2003	NUM
ftr-365	1340	24	)	)	PUNCT
ftr-365	1340	25	.	.	PUNCT
ftr-365	1341	1	303	303	X
ftr-365	1341	2	.	.	PUNCT
ftr-365	1342	1	frequently	frequently	ADV
ftr-365	1342	2	,	,	PUNCT
ftr-365	1342	3	a	a	DET
ftr-365	1342	4	cds	cd	NOUN
ftr-365	1342	5	will	will	AUX
ftr-365	1342	6	reference	reference	VERB
ftr-365	1342	7	multiple	multiple	ADJ
ftr-365	1342	8	obligations	obligation	NOUN
ftr-365	1342	9	.	.	PUNCT
ftr-365	1343	1	the	the	DET
ftr-365	1343	2	protection	protection	NOUN
ftr-365	1343	3	seller	seller	NOUN
ftr-365	1343	4	will	will	AUX
ftr-365	1343	5	pay	pay	VERB
ftr-365	1343	6	the	the	DET
ftr-365	1343	7	protection	protection	NOUN
ftr-365	1343	8	buyer	buyer	NOUN
ftr-365	1343	9	in	in	ADP
ftr-365	1343	10	the	the	DET
ftr-365	1343	11	event	event	NOUN
ftr-365	1343	12	one	one	NUM
ftr-365	1343	13	or	or	CCONJ
ftr-365	1343	14	more	more	ADJ
ftr-365	1343	15	of	of	ADP
ftr-365	1343	16	those	those	DET
ftr-365	1343	17	reference	reference	NOUN
ftr-365	1343	18	obligations	obligation	NOUN
ftr-365	1343	19	are	be	AUX
ftr-365	1343	20	in	in	ADP
ftr-365	1343	21	default	default	NOUN
ftr-365	1343	22	,	,	PUNCT
ftr-365	1343	23	regardless	regardless	ADV
ftr-365	1343	24	of	of	ADP
ftr-365	1343	25	whether	whether	SCONJ
ftr-365	1343	26	the	the	DET
ftr-365	1343	27	protection	protection	NOUN
ftr-365	1343	28	buyer	buyer	NOUN
ftr-365	1343	29	actually	actually	ADV
ftr-365	1343	30	holds	hold	VERB
ftr-365	1343	31	any	any	PRON
ftr-365	1343	32	of	of	ADP
ftr-365	1343	33	the	the	DET
ftr-365	1343	34	defaulting	default	VERB
ftr-365	1343	35	obligations	obligation	NOUN
ftr-365	1343	36	.	.	PUNCT
ftr-365	1344	1	see	see	VERB
ftr-365	1344	2	bruce	bruce	PROPN
ftr-365	1344	3	kayle	kayle	PROPN
ftr-365	1344	4	,	,	PUNCT
ftr-365	1344	5	will	will	AUX
ftr-365	1344	6	the	the	DET
ftr-365	1344	7	real	real	ADJ
ftr-365	1344	8	lender	lender	NOUN
ftr-365	1344	9	please	please	INTJ
ftr-365	1344	10	stand	stand	VERB
ftr-365	1344	11	up	up	ADP
ftr-365	1344	12	?	?	PUNCT
ftr-365	1345	1	the	the	DET
ftr-365	1345	2	federal	federal	ADJ
ftr-365	1345	3	income	income	NOUN
ftr-365	1345	4	tax	tax	NOUN
ftr-365	1345	5	treatment	treatment	NOUN
ftr-365	1345	6	of	of	ADP
ftr-365	1345	7	credit	credit	NOUN
ftr-365	1345	8	derivative	derivative	ADJ
ftr-365	1345	9	transactions	transaction	NOUN
ftr-365	1345	10	,	,	PUNCT
ftr-365	1345	11	50	50	NUM
ftr-365	1345	12	tax	tax	NOUN
ftr-365	1345	13	law	law	NOUN
ftr-365	1345	14	.	.	PUNCT
ftr-365	1346	1	569	569	NUM
ftr-365	1346	2	(	(	PUNCT
ftr-365	1346	3	1997	1997	NUM
ftr-365	1346	4	)	)	PUNCT
ftr-365	1346	5	,	,	PUNCT
ftr-365	1346	6	n.	n.	NOUN
ftr-365	1346	7	12	12	NUM
ftr-365	1346	8	.	.	PUNCT
ftr-365	1347	1	in	in	ADP
ftr-365	1347	2	addition	addition	NOUN
ftr-365	1347	3	,	,	PUNCT
ftr-365	1347	4	some	some	DET
ftr-365	1347	5	cds	cd	NOUN
ftr-365	1347	6	contracts	contract	NOUN
ftr-365	1347	7	allow	allow	VERB
ftr-365	1347	8	either	either	CCONJ
ftr-365	1347	9	the	the	DET
ftr-365	1347	10	protection	protection	NOUN
ftr-365	1347	11	buyer	buyer	NOUN
ftr-365	1347	12	or	or	CCONJ
ftr-365	1347	13	the	the	DET
ftr-365	1347	14	protection	protection	NOUN
ftr-365	1347	15	seller	seller	NOUN
ftr-365	1347	16	to	to	PART
ftr-365	1347	17	add	add	VERB
ftr-365	1347	18	or	or	CCONJ
ftr-365	1347	19	remove	remove	VERB
ftr-365	1347	20	a	a	DET
ftr-365	1347	21	reference	reference	NOUN
ftr-365	1347	22	obligation	obligation	NOUN
ftr-365	1347	23	or	or	CCONJ
ftr-365	1347	24	obligor	obligor	VERB
ftr-365	1347	25	from	from	ADP
ftr-365	1347	26	the	the	DET
ftr-365	1347	27	application	application	NOUN
ftr-365	1347	28	of	of	ADP
ftr-365	1347	29	the	the	DET
ftr-365	1347	30	contract	contract	NOUN
ftr-365	1347	31	.	.	PUNCT
ftr-365	1348	1	see	see	VERB
ftr-365	1348	2	isda	isda	PROPN
ftr-365	1348	3	comments	comment	NOUN
ftr-365	1348	4	(	(	PUNCT
ftr-365	1348	5	2003	2003	NUM
ftr-365	1348	6	)	)	PUNCT
ftr-365	1348	7	,	,	PUNCT
ftr-365	1348	8	supra	supra	PROPN
ftr-365	1348	9	note	note	NOUN
ftr-365	1348	10	302	302	NUM
ftr-365	1348	11	.	.	PUNCT
ftr-365	1349	1	304	304	NUM
ftr-365	1349	2	.	.	PUNCT
ftr-365	1350	1	see	see	VERB
ftr-365	1350	2	garlock	garlock	PROPN
ftr-365	1350	3	,	,	PUNCT
ftr-365	1350	4	et	et	NOUN
ftr-365	1350	5	.	.	PUNCT
ftr-365	1351	1	al	al	PROPN
ftr-365	1351	2	.	.	PUNCT
ftr-365	1352	1	(	(	PUNCT
ftr-365	1352	2	2005	2005	NUM
ftr-365	1352	3	)	)	PUNCT
ftr-365	1352	4	,	,	PUNCT
ftr-365	1352	5	supra	supra	PROPN
ftr-365	1352	6	note	note	NOUN
ftr-365	1352	7	230	230	NUM
ftr-365	1352	8	.	.	PUNCT
ftr-365	1352	9	305	305	NUM
ftr-365	1352	10	.	.	PUNCT
ftr-365	1353	1	i	i	PRON
ftr-365	1353	2	d.	d.	PROPN
ftr-365	1353	3	58	58	NUM
ftr-365	1353	4	florida	florida	PROPN
ftr-365	1353	5	tax	tax	NOUN
ftr-365	1353	6	review	review	NOUN
ftr-365	1354	1	[	[	X
ftr-365	1354	2	vol	vol	NOUN
ftr-365	1354	3	.	.	PUNCT
ftr-365	1354	4	9:1	9:1	NUM
ftr-365	1354	5	iv	iv	NOUN
ftr-365	1354	6	.	.	PUNCT
ftr-365	1355	1	harmful	harmful	ADJ
ftr-365	1355	2	tax	tax	NOUN
ftr-365	1355	3	competition	competition	NOUN
ftr-365	1355	4	a.	a.	NOUN
ftr-365	1355	5	overview	overview	NOUN
ftr-365	1355	6	as	as	SCONJ
ftr-365	1355	7	discussed	discuss	VERB
ftr-365	1355	8	above	above	ADV
ftr-365	1355	9	,	,	PUNCT
ftr-365	1355	10	professor	professor	NOUN
ftr-365	1355	11	avi	avi	NOUN
ftr-365	1355	12	yonah	yonah	PROPN
ftr-365	1355	13	(	(	PUNCT
ftr-365	1355	14	2000	2000	NUM
ftr-365	1355	15	)	)	PUNCT
ftr-365	1355	16	has	have	AUX
ftr-365	1355	17	cautioned	caution	VERB
ftr-365	1355	18	in	in	ADP
ftr-365	1355	19	his	his	PRON
ftr-365	1355	20	influential	influential	ADJ
ftr-365	1355	21	article	article	NOUN
ftr-365	1355	22	on	on	ADP
ftr-365	1355	23	globalization	globalization	NOUN
ftr-365	1355	24	and	and	CCONJ
ftr-365	1355	25	tax	tax	NOUN
ftr-365	1355	26	competition	competition	NOUN
ftr-365	1355	27	that	that	PRON
ftr-365	1355	28	the	the	DET
ftr-365	1355	29	enactment	enactment	NOUN
ftr-365	1355	30	of	of	ADP
ftr-365	1355	31	the	the	DET
ftr-365	1355	32	portfolio	portfolio	NOUN
ftr-365	1355	33	interest	interest	NOUN
ftr-365	1355	34	exemption	exemption	NOUN
ftr-365	1355	35	in	in	ADP
ftr-365	1355	36	the	the	DET
ftr-365	1355	37	united	united	PROPN
ftr-365	1355	38	states	states	PROPN
ftr-365	1355	39	in	in	ADP
ftr-365	1355	40	1984	1984	NUM
ftr-365	1355	41	created	create	VERB
ftr-365	1355	42	a	a	DET
ftr-365	1355	43	“	"	PUNCT
ftr-365	1355	44	race	race	NOUN
ftr-365	1355	45	to	to	ADP
ftr-365	1355	46	the	the	DET
ftr-365	1355	47	bottom	bottom	NOUN
ftr-365	1355	48	”	"	PUNCT
ftr-365	1355	49	among	among	ADP
ftr-365	1355	50	nations	nation	NOUN
ftr-365	1355	51	.	.	PUNCT
ftr-365	1356	1	306	306	NUM
ftr-365	1356	2	this	this	DET
ftr-365	1356	3	“	"	PUNCT
ftr-365	1356	4	race	race	NOUN
ftr-365	1356	5	to	to	ADP
ftr-365	1356	6	the	the	DET
ftr-365	1356	7	bottom	bottom	NOUN
ftr-365	1356	8	”	"	PUNCT
ftr-365	1356	9	among	among	ADP
ftr-365	1356	10	countries	country	NOUN
ftr-365	1356	11	,	,	PUNCT
ftr-365	1356	12	according	accord	VERB
ftr-365	1356	13	to	to	ADP
ftr-365	1356	14	professor	professor	PROPN
ftr-365	1356	15	avi	avi	PROPN
ftr-365	1356	16	yonah	yonah	PROPN
ftr-365	1356	17	,	,	PUNCT
ftr-365	1356	18	could	could	AUX
ftr-365	1356	19	be	be	AUX
ftr-365	1356	20	viewed	view	VERB
ftr-365	1356	21	as	as	ADP
ftr-365	1356	22	tax	tax	NOUN
ftr-365	1356	23	competition	competition	NOUN
ftr-365	1356	24	;	;	PUNCT
ftr-365	1356	25	not	not	PART
ftr-365	1356	26	only	only	ADV
ftr-365	1356	27	do	do	AUX
ftr-365	1356	28	source	source	NOUN
ftr-365	1356	29	countries	country	NOUN
ftr-365	1356	30	not	not	PART
ftr-365	1356	31	withhold	withhold	VERB
ftr-365	1356	32	on	on	ADP
ftr-365	1356	33	interest	interest	NOUN
ftr-365	1356	34	,	,	PUNCT
ftr-365	1356	35	but	but	CCONJ
ftr-365	1356	36	also	also	ADV
ftr-365	1356	37	residency	residency	NOUN
ftr-365	1356	38	countries	country	NOUN
ftr-365	1356	39	do	do	AUX
ftr-365	1356	40	not	not	PART
ftr-365	1356	41	have	have	VERB
ftr-365	1356	42	the	the	DET
ftr-365	1356	43	ability	ability	NOUN
ftr-365	1356	44	to	to	PART
ftr-365	1356	45	levy	levy	VERB
ftr-365	1356	46	their	their	PRON
ftr-365	1356	47	taxes	taxis	NOUN
ftr-365	1356	48	on	on	ADP
ftr-365	1356	49	such	such	ADJ
ftr-365	1356	50	income	income	NOUN
ftr-365	1356	51	;	;	PUNCT
ftr-365	1356	52	interest	interest	NOUN
ftr-365	1356	53	income	income	NOUN
ftr-365	1356	54	,	,	PUNCT
ftr-365	1356	55	therefore	therefore	ADV
ftr-365	1356	56	,	,	PUNCT
ftr-365	1356	57	escapes	escape	VERB
ftr-365	1356	58	taxation	taxation	NOUN
ftr-365	1356	59	by	by	ADP
ftr-365	1356	60	either	either	CCONJ
ftr-365	1356	61	the	the	DET
ftr-365	1356	62	source	source	NOUN
ftr-365	1356	63	country	country	NOUN
ftr-365	1356	64	or	or	CCONJ
ftr-365	1356	65	the	the	DET
ftr-365	1356	66	residency	residency	NOUN
ftr-365	1356	67	country	country	NOUN
ftr-365	1356	68	.	.	PUNCT
ftr-365	1357	1	307	307	NUM
ftr-365	1357	2	professor	professor	NOUN
ftr-365	1357	3	avi	avi	PROPN
ftr-365	1357	4	yonah	yonah	PROPN
ftr-365	1357	5	wrote	write	VERB
ftr-365	1357	6	his	his	PRON
ftr-365	1357	7	article	article	NOUN
ftr-365	1357	8	shortly	shortly	ADV
ftr-365	1357	9	after	after	ADP
ftr-365	1357	10	the	the	DET
ftr-365	1357	11	issuance	issuance	NOUN
ftr-365	1357	12	of	of	ADP
ftr-365	1357	13	the	the	DET
ftr-365	1357	14	oecd	oecd	PROPN
ftr-365	1357	15	report	report	NOUN
ftr-365	1357	16	(	(	PUNCT
ftr-365	1357	17	1998	1998	NUM
ftr-365	1357	18	)	)	PUNCT
ftr-365	1357	19	,	,	PUNCT
ftr-365	1357	20	which	which	PRON
ftr-365	1357	21	contains	contain	VERB
ftr-365	1357	22	thoughtful	thoughtful	ADJ
ftr-365	1357	23	analysis	analysis	NOUN
ftr-365	1357	24	of	of	ADP
ftr-365	1357	25	the	the	DET
ftr-365	1357	26	elements	element	NOUN
ftr-365	1357	27	of	of	ADP
ftr-365	1357	28	international	international	ADJ
ftr-365	1357	29	tax	tax	NOUN
ftr-365	1357	30	competition	competition	NOUN
ftr-365	1357	31	and	and	CCONJ
ftr-365	1357	32	what	what	DET
ftr-365	1357	33	measurements	measurement	NOUN
ftr-365	1357	34	should	should	AUX
ftr-365	1357	35	be	be	AUX
ftr-365	1357	36	taken	take	VERB
ftr-365	1357	37	by	by	ADP
ftr-365	1357	38	both	both	DET
ftr-365	1357	39	oecd	oecd	PROPN
ftr-365	1357	40	and	and	CCONJ
ftr-365	1357	41	non	non	ADJ
ftr-365	1357	42	-	-	ADJ
ftr-365	1357	43	oecd	oecd	ADJ
ftr-365	1357	44	members	member	NOUN
ftr-365	1357	45	to	to	PART
ftr-365	1357	46	curb	curb	VERB
ftr-365	1357	47	such	such	ADJ
ftr-365	1357	48	competition	competition	NOUN
ftr-365	1357	49	.	.	PUNCT
ftr-365	1358	1	308	308	NUM
ftr-365	1358	2	in	in	ADP
ftr-365	1358	3	2000	2000	NUM
ftr-365	1358	4	,	,	PUNCT
ftr-365	1358	5	the	the	DET
ftr-365	1358	6	oecd	oecd	PROPN
ftr-365	1358	7	issued	issue	VERB
ftr-365	1358	8	a	a	DET
ftr-365	1358	9	follow	follow	VERB
ftr-365	1358	10	-	-	PUNCT
ftr-365	1358	11	up	up	NOUN
ftr-365	1358	12	report	report	NOUN
ftr-365	1358	13	which	which	PRON
ftr-365	1358	14	,	,	PUNCT
ftr-365	1358	15	among	among	ADP
ftr-365	1358	16	other	other	ADJ
ftr-365	1358	17	things	thing	NOUN
ftr-365	1358	18	,	,	PUNCT
ftr-365	1358	19	identified	identify	VERB
ftr-365	1358	20	several	several	ADJ
ftr-365	1358	21	potentially	potentially	ADV
ftr-365	1358	22	harmful	harmful	ADJ
ftr-365	1358	23	preferential	preferential	ADJ
ftr-365	1358	24	tax	tax	NOUN
ftr-365	1358	25	regimes	regime	NOUN
ftr-365	1358	26	.	.	PUNCT
ftr-365	1358	27	”	"	PUNCT
ftr-365	1359	1	309	309	NUM
ftr-365	1359	2	both	both	DET
ftr-365	1359	3	reports	report	NOUN
ftr-365	1359	4	are	be	AUX
ftr-365	1359	5	discussed	discuss	VERB
ftr-365	1359	6	in	in	ADP
ftr-365	1359	7	greater	great	ADJ
ftr-365	1359	8	detail	detail	NOUN
ftr-365	1359	9	below	below	ADV
ftr-365	1359	10	.	.	PUNCT
ftr-365	1360	1	b.	b.	VERB
ftr-365	1361	1	the	the	DET
ftr-365	1361	2	oecd	oecd	PROPN
ftr-365	1361	3	project	project	NOUN
ftr-365	1361	4	on	on	ADP
ftr-365	1361	5	harmful	harmful	ADJ
ftr-365	1361	6	tax	tax	NOUN
ftr-365	1361	7	competition	competition	NOUN
ftr-365	1361	8	1	1	NUM
ftr-365	1361	9	.	.	PUNCT
ftr-365	1361	10	general	general	ADJ
ftr-365	1361	11	according	accord	VERB
ftr-365	1361	12	to	to	ADP
ftr-365	1361	13	professor	professor	NOUN
ftr-365	1361	14	avi	avi	PROPN
ftr-365	1361	15	yonah	yonah	PROPN
ftr-365	1361	16	,	,	PUNCT
ftr-365	1361	17	“	"	PUNCT
ftr-365	1361	18	[	[	X
ftr-365	1361	19	a	a	X
ftr-365	1361	20	]	]	X
ftr-365	1361	21	major	major	ADJ
ftr-365	1361	22	contribution	contribution	NOUN
ftr-365	1361	23	of	of	ADP
ftr-365	1361	24	the	the	DET
ftr-365	1361	25	oecd	oecd	PROPN
ftr-365	1361	26	report	report	NOUN
ftr-365	1361	27	is	be	AUX
ftr-365	1361	28	that	that	SCONJ
ftr-365	1361	29	it	it	PRON
ftr-365	1361	30	lists	list	VERB
ftr-365	1361	31	factors	factor	NOUN
ftr-365	1361	32	to	to	PART
ftr-365	1361	33	be	be	AUX
ftr-365	1361	34	used	use	VERB
ftr-365	1361	35	in	in	ADP
ftr-365	1361	36	identifying	identify	VERB
ftr-365	1361	37	tax	tax	NOUN
ftr-365	1361	38	havens	haven	NOUN
ftr-365	1361	39	.	.	PUNCT
ftr-365	1361	40	”	"	PUNCT
ftr-365	1362	1	310	310	NUM
ftr-365	1362	2	while	while	SCONJ
ftr-365	1362	3	the	the	DET
ftr-365	1362	4	report	report	NOUN
ftr-365	1362	5	only	only	ADV
ftr-365	1362	6	addressed	address	VERB
ftr-365	1362	7	tax	tax	NOUN
ftr-365	1362	8	competition	competition	NOUN
ftr-365	1362	9	in	in	ADP
ftr-365	1362	10	oecd	oecd	PROPN
ftr-365	1362	11	countries	country	NOUN
ftr-365	1362	12	,	,	PUNCT
ftr-365	1362	13	it	it	PRON
ftr-365	1362	14	emphasized	emphasize	VERB
ftr-365	1362	15	the	the	DET
ftr-365	1362	16	need	need	NOUN
ftr-365	1362	17	for	for	ADP
ftr-365	1362	18	dialog	dialog	NOUN
ftr-365	1362	19	with	with	ADP
ftr-365	1362	20	non	non	ADJ
ftr-365	1362	21	-	-	ADJ
ftr-365	1362	22	oecd	oecd	ADJ
ftr-365	1362	23	member	member	NOUN
ftr-365	1362	24	countries	country	NOUN
ftr-365	1362	25	.	.	PUNCT
ftr-365	1363	1	311	311	NUM
ftr-365	1363	2	paragraph	paragraph	NOUN
ftr-365	1363	3	28	28	NUM
ftr-365	1363	4	of	of	ADP
ftr-365	1363	5	the	the	DET
ftr-365	1363	6	oecd	oecd	PROPN
ftr-365	1363	7	report	report	NOUN
ftr-365	1363	8	(	(	PUNCT
ftr-365	1363	9	2000	2000	NUM
ftr-365	1363	10	)	)	PUNCT
ftr-365	1363	11	elaborated	elaborate	VERB
ftr-365	1363	12	that	that	SCONJ
ftr-365	1363	13	:	:	PUNCT
ftr-365	1363	14	306	306	NUM
ftr-365	1363	15	.	.	PUNCT
ftr-365	1363	16	avi	avi	VERB
ftr-365	1363	17	-	-	PUNCT
ftr-365	1363	18	yonah	yonah	NOUN
ftr-365	1363	19	(	(	PUNCT
ftr-365	1363	20	2000	2000	NUM
ftr-365	1363	21	)	)	PUNCT
ftr-365	1363	22	,	,	PUNCT
ftr-365	1363	23	supra	supra	PROPN
ftr-365	1363	24	note	note	NOUN
ftr-365	1363	25	3	3	NUM
ftr-365	1363	26	,	,	PUNCT
ftr-365	1363	27	at	at	ADP
ftr-365	1363	28	1581	1581	NUM
ftr-365	1363	29	.	.	PUNCT
ftr-365	1364	1	307	307	NUM
ftr-365	1364	2	.	.	PUNCT
ftr-365	1365	1	i	i	PRON
ftr-365	1365	2	d.	d.	PROPN
ftr-365	1365	3	at	at	ADP
ftr-365	1365	4	1583	1583	NUM
ftr-365	1365	5	-	-	SYM
ftr-365	1365	6	85	85	NUM
ftr-365	1365	7	.	.	PUNCT
ftr-365	1365	8	308	308	NUM
ftr-365	1365	9	.	.	PUNCT
ftr-365	1366	1	the	the	DET
ftr-365	1366	2	oecd	oecd	PROPN
ftr-365	1366	3	report	report	PROPN
ftr-365	1366	4	(	(	PUNCT
ftr-365	1366	5	1998	1998	NUM
ftr-365	1366	6	)	)	PUNCT
ftr-365	1366	7	,	,	PUNCT
ftr-365	1366	8	supra	supra	PROPN
ftr-365	1366	9	note	note	NOUN
ftr-365	1366	10	1	1	NUM
ftr-365	1366	11	,	,	PUNCT
ftr-365	1366	12	was	be	AUX
ftr-365	1366	13	approved	approve	VERB
ftr-365	1366	14	by	by	ADP
ftr-365	1366	15	the	the	DET
ftr-365	1366	16	oecd	oecd	PROPN
ftr-365	1366	17	council	council	PROPN
ftr-365	1366	18	,	,	PUNCT
ftr-365	1366	19	with	with	ADP
ftr-365	1366	20	abstentions	abstention	NOUN
ftr-365	1366	21	from	from	ADP
ftr-365	1366	22	luxembourg	luxembourg	PROPN
ftr-365	1366	23	and	and	CCONJ
ftr-365	1366	24	switzerland	switzerland	PROPN
ftr-365	1366	25	,	,	PUNCT
ftr-365	1366	26	on	on	ADP
ftr-365	1366	27	9	9	NUM
ftr-365	1366	28	april	april	PROPN
ftr-365	1366	29	1998	1998	NUM
ftr-365	1366	30	,	,	PUNCT
ftr-365	1366	31	and	and	CCONJ
ftr-365	1366	32	was	be	AUX
ftr-365	1366	33	presented	present	VERB
ftr-365	1366	34	to	to	ADP
ftr-365	1366	35	ministers	minister	NOUN
ftr-365	1366	36	on	on	ADP
ftr-365	1366	37	april	april	PROPN
ftr-365	1366	38	27	27	NUM
ftr-365	1366	39	-	-	SYM
ftr-365	1366	40	28	28	NUM
ftr-365	1366	41	,	,	PUNCT
ftr-365	1366	42	1998	1998	NUM
ftr-365	1366	43	.	.	PUNCT
ftr-365	1367	1	see	see	VERB
ftr-365	1367	2	oecd	oecd	PROPN
ftr-365	1367	3	report	report	PROPN
ftr-365	1367	4	(	(	PUNCT
ftr-365	1367	5	1998	1998	NUM
ftr-365	1367	6	)	)	PUNCT
ftr-365	1367	7	,	,	PUNCT
ftr-365	1367	8	supra	supra	PROPN
ftr-365	1367	9	note	note	NOUN
ftr-365	1367	10	1	1	NUM
ftr-365	1367	11	,	,	PUNCT
ftr-365	1367	12	at	at	ADP
ftr-365	1367	13	3	3	NUM
ftr-365	1367	14	.	.	PUNCT
ftr-365	1368	1	the	the	DET
ftr-365	1368	2	report	report	NOUN
ftr-365	1368	3	addressed	address	VERB
ftr-365	1368	4	harmful	harmful	ADJ
ftr-365	1368	5	tax	tax	NOUN
ftr-365	1368	6	practices	practice	NOUN
ftr-365	1368	7	in	in	ADP
ftr-365	1368	8	both	both	DET
ftr-365	1368	9	member	member	NOUN
ftr-365	1368	10	and	and	CCONJ
ftr-365	1368	11	non	non	ADJ
ftr-365	1368	12	-	-	ADJ
ftr-365	1368	13	member	member	ADJ
ftr-365	1368	14	countries	country	NOUN
ftr-365	1368	15	.	.	PUNCT
ftr-365	1369	1	i	i	PRON
ftr-365	1369	2	d.	d.	PROPN
ftr-365	1369	3	at	at	ADP
ftr-365	1369	4	8	8	NUM
ftr-365	1369	5	,	,	PUNCT
ftr-365	1369	6	¶	¶	NOUN
ftr-365	1369	7	5	5	NUM
ftr-365	1369	8	.	.	SYM
ftr-365	1369	9	309	309	NUM
ftr-365	1369	10	.	.	PUNCT
ftr-365	1370	1	see	see	VERB
ftr-365	1370	2	“	"	PUNCT
ftr-365	1370	3	towards	towards	ADP
ftr-365	1370	4	global	global	ADJ
ftr-365	1370	5	tax	tax	NOUN
ftr-365	1370	6	co	co	NOUN
ftr-365	1370	7	-	-	NOUN
ftr-365	1370	8	operation	operation	NOUN
ftr-365	1370	9	,	,	PUNCT
ftr-365	1370	10	report	report	NOUN
ftr-365	1370	11	to	to	ADP
ftr-365	1370	12	the	the	DET
ftr-365	1370	13	2000	2000	NUM
ftr-365	1370	14	ministerial	ministerial	ADJ
ftr-365	1370	15	council	council	NOUN
ftr-365	1370	16	meeting	meeting	NOUN
ftr-365	1370	17	and	and	CCONJ
ftr-365	1370	18	recommendations	recommendation	NOUN
ftr-365	1370	19	by	by	ADP
ftr-365	1370	20	the	the	DET
ftr-365	1370	21	committee	committee	NOUN
ftr-365	1370	22	on	on	ADP
ftr-365	1370	23	fiscal	fiscal	ADJ
ftr-365	1370	24	affairs	affair	NOUN
ftr-365	1370	25	”	"	PUNCT
ftr-365	1370	26	(	(	PUNCT
ftr-365	1370	27	oecd	oecd	PROPN
ftr-365	1370	28	2000	2000	NUM
ftr-365	1370	29	)	)	PUNCT
ftr-365	1370	30	(	(	PUNCT
ftr-365	1370	31	hereinafter	hereinafter	NOUN
ftr-365	1370	32	“	"	PUNCT
ftr-365	1370	33	oecd	oecd	PROPN
ftr-365	1370	34	report	report	NOUN
ftr-365	1370	35	(	(	PUNCT
ftr-365	1370	36	2000	2000	NUM
ftr-365	1370	37	)	)	PUNCT
ftr-365	1370	38	”	"	PUNCT
ftr-365	1370	39	)	)	PUNCT
ftr-365	1370	40	.	.	PUNCT
ftr-365	1371	1	310	310	X
ftr-365	1371	2	.	.	X
ftr-365	1371	3	avi	avi	VERB
ftr-365	1371	4	-	-	PUNCT
ftr-365	1371	5	yonah	yonah	NOUN
ftr-365	1371	6	(	(	PUNCT
ftr-365	1371	7	2000	2000	NUM
ftr-365	1371	8	)	)	PUNCT
ftr-365	1371	9	,	,	PUNCT
ftr-365	1371	10	supra	supra	PROPN
ftr-365	1371	11	note	note	NOUN
ftr-365	1371	12	3	3	NUM
ftr-365	1371	13	,	,	PUNCT
ftr-365	1371	14	at	at	ADP
ftr-365	1371	15	1659	1659	NUM
ftr-365	1371	16	.	.	PUNCT
ftr-365	1372	1	(	(	PUNCT
ftr-365	1372	2	citation	citation	NOUN
ftr-365	1372	3	omitted	omit	VERB
ftr-365	1372	4	)	)	PUNCT
ftr-365	1372	5	.	.	PUNCT
ftr-365	1373	1	311	311	NUM
ftr-365	1373	2	.	.	PUNCT
ftr-365	1374	1	see	see	VERB
ftr-365	1374	2	oecd	oecd	PROPN
ftr-365	1374	3	report	report	PROPN
ftr-365	1374	4	(	(	PUNCT
ftr-365	1374	5	1998	1998	NUM
ftr-365	1374	6	)	)	PUNCT
ftr-365	1374	7	,	,	PUNCT
ftr-365	1374	8	supra	supra	PROPN
ftr-365	1374	9	note	note	NOUN
ftr-365	1374	10	1	1	NUM
ftr-365	1374	11	,	,	PUNCT
ftr-365	1374	12	at	at	ADP
ftr-365	1374	13	¶	¶	PROPN
ftr-365	1374	14	13	13	NUM
ftr-365	1374	15	(	(	PUNCT
ftr-365	1374	16	“	"	PUNCT
ftr-365	1374	17	the	the	DET
ftr-365	1374	18	committee	committee	NOUN
ftr-365	1374	19	recognizes	recognize	VERB
ftr-365	1374	20	that	that	SCONJ
ftr-365	1374	21	since	since	SCONJ
ftr-365	1374	22	the	the	DET
ftr-365	1374	23	problems	problem	NOUN
ftr-365	1374	24	discussed	discuss	VERB
ftr-365	1374	25	in	in	ADP
ftr-365	1374	26	this	this	DET
ftr-365	1374	27	report	report	NOUN
ftr-365	1374	28	are	be	AUX
ftr-365	1374	29	of	of	ADP
ftr-365	1374	30	an	an	DET
ftr-365	1374	31	inherently	inherently	ADV
ftr-365	1374	32	global	global	ADJ
ftr-365	1374	33	2008	2008	NUM
ftr-365	1374	34	]	]	PUNCT
ftr-365	1374	35	the	the	DET
ftr-365	1374	36	case	case	NOUN
ftr-365	1374	37	for	for	ADP
ftr-365	1374	38	residency	residency	NOUN
ftr-365	1374	39	-	-	PUNCT
ftr-365	1374	40	based	base	VERB
ftr-365	1374	41	taxation	taxation	NOUN
ftr-365	1374	42	59	59	NUM
ftr-365	1374	43	harmful	harmful	ADJ
ftr-365	1374	44	tax	tax	NOUN
ftr-365	1374	45	competition	competition	NOUN
ftr-365	1374	46	is	be	AUX
ftr-365	1374	47	by	by	ADP
ftr-365	1374	48	its	its	PRON
ftr-365	1374	49	very	very	ADJ
ftr-365	1374	50	nature	nature	NOUN
ftr-365	1374	51	a	a	DET
ftr-365	1374	52	global	global	ADJ
ftr-365	1374	53	phenomenon	phenomenon	NOUN
ftr-365	1374	54	and	and	CCONJ
ftr-365	1374	55	there	there	NOUN
ftr-365	1374	56	-	-	PUNCT
ftr-365	1374	57	fore	fore	NOUN
ftr-365	1374	58	its	its	PRON
ftr-365	1374	59	solution	solution	NOUN
ftr-365	1374	60	requires	require	VERB
ftr-365	1374	61	global	global	ADJ
ftr-365	1374	62	endorsement	endorsement	NOUN
ftr-365	1374	63	and	and	CCONJ
ftr-365	1374	64	global	global	ADJ
ftr-365	1374	65	participation	participation	NOUN
ftr-365	1374	66	.	.	PUNCT
ftr-365	1375	1	countries	country	NOUN
ftr-365	1375	2	outside	outside	ADP
ftr-365	1375	3	the	the	DET
ftr-365	1375	4	oecd	oecd	PROPN
ftr-365	1375	5	must	must	AUX
ftr-365	1375	6	have	have	VERB
ftr-365	1375	7	a	a	DET
ftr-365	1375	8	key	key	ADJ
ftr-365	1375	9	role	role	NOUN
ftr-365	1375	10	in	in	ADP
ftr-365	1375	11	this	this	DET
ftr-365	1375	12	work	work	NOUN
ftr-365	1375	13	since	since	SCONJ
ftr-365	1375	14	a	a	DET
ftr-365	1375	15	number	number	NOUN
ftr-365	1375	16	of	of	ADP
ftr-365	1375	17	them	they	PRON
ftr-365	1375	18	are	be	AUX
ftr-365	1375	19	either	either	ADV
ftr-365	1375	20	seriously	seriously	ADV
ftr-365	1375	21	affected	affect	VERB
ftr-365	1375	22	by	by	ADP
ftr-365	1375	23	harmful	harmful	ADJ
ftr-365	1375	24	tax	tax	NOUN
ftr-365	1375	25	practices	practice	NOUN
ftr-365	1375	26	or	or	CCONJ
ftr-365	1375	27	have	have	VERB
ftr-365	1375	28	potentially	potentially	ADV
ftr-365	1375	29	harmful	harmful	ADJ
ftr-365	1375	30	regimes	regime	NOUN
ftr-365	1375	31	.	.	PUNCT
ftr-365	1376	1	thus	thus	ADV
ftr-365	1376	2	,	,	PUNCT
ftr-365	1376	3	the	the	DET
ftr-365	1376	4	oecd	oecd	PROPN
ftr-365	1376	5	project	project	NOUN
ftr-365	1376	6	on	on	ADP
ftr-365	1376	7	harmful	harmful	ADJ
ftr-365	1376	8	tax	tax	NOUN
ftr-365	1376	9	competition	competition	NOUN
ftr-365	1376	10	is	be	AUX
ftr-365	1376	11	expected	expect	VERB
ftr-365	1376	12	to	to	PART
ftr-365	1376	13	impact	impact	VERB
ftr-365	1376	14	not	not	PART
ftr-365	1376	15	only	only	ADV
ftr-365	1376	16	member	member	NOUN
ftr-365	1376	17	states	state	NOUN
ftr-365	1376	18	but	but	CCONJ
ftr-365	1376	19	also	also	ADV
ftr-365	1376	20	many	many	ADJ
ftr-365	1376	21	other	other	ADJ
ftr-365	1376	22	countries	country	NOUN
ftr-365	1376	23	,	,	PUNCT
ftr-365	1376	24	developed	develop	VERB
ftr-365	1376	25	and	and	CCONJ
ftr-365	1376	26	developing	develop	VERB
ftr-365	1376	27	.	.	PUNCT
ftr-365	1377	1	312	312	NUM
ftr-365	1377	2	nevertheless	nevertheless	ADV
ftr-365	1377	3	,	,	PUNCT
ftr-365	1377	4	while	while	SCONJ
ftr-365	1377	5	the	the	DET
ftr-365	1377	6	oecd	oecd	PROPN
ftr-365	1377	7	report	report	NOUN
ftr-365	1377	8	(	(	PUNCT
ftr-365	1377	9	1998	1998	NUM
ftr-365	1377	10	)	)	PUNCT
ftr-365	1377	11	“	"	PUNCT
ftr-365	1377	12	focuse[d	focuse[d	PROPN
ftr-365	1377	13	]	]	PUNCT
ftr-365	1377	14	on	on	ADP
ftr-365	1377	15	geographically	geographically	ADV
ftr-365	1377	16	mobile	mobile	ADJ
ftr-365	1377	17	activities	activity	NOUN
ftr-365	1377	18	,	,	PUNCT
ftr-365	1377	19	such	such	ADJ
ftr-365	1377	20	as	as	ADP
ftr-365	1377	21	financial	financial	ADJ
ftr-365	1377	22	and	and	CCONJ
ftr-365	1377	23	other	other	ADJ
ftr-365	1377	24	service	service	NOUN
ftr-365	1377	25	activities	activity	NOUN
ftr-365	1377	26	,	,	PUNCT
ftr-365	1377	27	”	"	PUNCT
ftr-365	1377	28	313	313	NUM
ftr-365	1377	29	it	it	PRON
ftr-365	1377	30	did	do	AUX
ftr-365	1377	31	not	not	PART
ftr-365	1377	32	specifically	specifically	ADV
ftr-365	1377	33	address	address	VERB
ftr-365	1377	34	the	the	DET
ftr-365	1377	35	issues	issue	NOUN
ftr-365	1377	36	of	of	ADP
ftr-365	1377	37	portfolio	portfolio	NOUN
ftr-365	1377	38	interest	interest	NOUN
ftr-365	1377	39	.	.	PUNCT
ftr-365	1378	1	314	314	NUM
ftr-365	1378	2	the	the	DET
ftr-365	1378	3	oecd	oecd	PROPN
ftr-365	1378	4	report	report	NOUN
ftr-365	1378	5	(	(	PUNCT
ftr-365	1378	6	1998	1998	NUM
ftr-365	1378	7	)	)	PUNCT
ftr-365	1378	8	indicates	indicate	VERB
ftr-365	1378	9	that	that	SCONJ
ftr-365	1378	10	“	"	PUNCT
ftr-365	1378	11	tax	tax	NOUN
ftr-365	1378	12	havens	haven	NOUN
ftr-365	1378	13	”	"	PUNCT
ftr-365	1378	14	and	and	CCONJ
ftr-365	1378	15	“	"	PUNCT
ftr-365	1378	16	harmful	harmful	ADJ
ftr-365	1378	17	preferential	preferential	ADJ
ftr-365	1378	18	tax	tax	NOUN
ftr-365	1378	19	regimes	regime	NOUN
ftr-365	1378	20	”	"	PUNCT
ftr-365	1378	21	(	(	PUNCT
ftr-365	1378	22	see	see	VERB
ftr-365	1378	23	both	both	DET
ftr-365	1378	24	definitions	definition	NOUN
ftr-365	1378	25	below	below	ADV
ftr-365	1378	26	)	)	PUNCT
ftr-365	1378	27	have	have	VERB
ftr-365	1378	28	the	the	DET
ftr-365	1378	29	potential	potential	NOUN
ftr-365	1378	30	to	to	PART
ftr-365	1378	31	cause	cause	VERB
ftr-365	1378	32	harm	harm	NOUN
ftr-365	1378	33	by	by	ADP
ftr-365	1378	34	:	:	PUNCT
ftr-365	1378	35	–	–	PUNCT
ftr-365	1378	36	distorting	distort	VERB
ftr-365	1378	37	financial	financial	ADJ
ftr-365	1378	38	and	and	CCONJ
ftr-365	1378	39	,	,	PUNCT
ftr-365	1378	40	indirectly	indirectly	ADV
ftr-365	1378	41	,	,	PUNCT
ftr-365	1378	42	real	real	ADJ
ftr-365	1378	43	investment	investment	NOUN
ftr-365	1378	44	flows	flow	VERB
ftr-365	1378	45	;	;	PUNCT
ftr-365	1378	46	–	–	PUNCT
ftr-365	1378	47	undermining	undermine	VERB
ftr-365	1378	48	the	the	DET
ftr-365	1378	49	integrity	integrity	NOUN
ftr-365	1378	50	and	and	CCONJ
ftr-365	1378	51	fairness	fairness	NOUN
ftr-365	1378	52	of	of	ADP
ftr-365	1378	53	tax	tax	NOUN
ftr-365	1378	54	structures	structure	NOUN
ftr-365	1378	55	;	;	PUNCT
ftr-365	1378	56	–	–	PUNCT
ftr-365	1378	57	discouraging	discourage	VERB
ftr-365	1378	58	compliance	compliance	NOUN
ftr-365	1378	59	by	by	ADP
ftr-365	1378	60	all	all	DET
ftr-365	1378	61	taxpayers	taxpayer	NOUN
ftr-365	1378	62	;	;	PUNCT
ftr-365	1378	63	–	–	PUNCT
ftr-365	1378	64	re	re	VERB
ftr-365	1378	65	-	-	VERB
ftr-365	1378	66	shaping	shape	VERB
ftr-365	1378	67	the	the	DET
ftr-365	1378	68	desired	desire	VERB
ftr-365	1378	69	level	level	NOUN
ftr-365	1378	70	and	and	CCONJ
ftr-365	1378	71	mix	mix	NOUN
ftr-365	1378	72	of	of	ADP
ftr-365	1378	73	taxes	taxis	NOUN
ftr-365	1378	74	and	and	CCONJ
ftr-365	1378	75	public	public	ADJ
ftr-365	1378	76	spending	spending	NOUN
ftr-365	1378	77	;	;	PUNCT
ftr-365	1378	78	–	–	PUNCT
ftr-365	1378	79	causing	cause	VERB
ftr-365	1378	80	undesired	undesired	ADJ
ftr-365	1378	81	shifts	shift	NOUN
ftr-365	1378	82	of	of	ADP
ftr-365	1378	83	part	part	NOUN
ftr-365	1378	84	of	of	ADP
ftr-365	1378	85	the	the	DET
ftr-365	1378	86	tax	tax	NOUN
ftr-365	1378	87	burden	burden	NOUN
ftr-365	1378	88	to	to	ADP
ftr-365	1378	89	less	less	ADJ
ftr-365	1378	90	mobile	mobile	ADJ
ftr-365	1378	91	nature	nature	NOUN
ftr-365	1378	92	,	,	PUNCT
ftr-365	1378	93	it	it	PRON
ftr-365	1378	94	is	be	AUX
ftr-365	1378	95	critical	critical	ADJ
ftr-365	1378	96	that	that	SCONJ
ftr-365	1378	97	as	as	SCONJ
ftr-365	1378	98	many	many	ADJ
ftr-365	1378	99	countries	country	NOUN
ftr-365	1378	100	as	as	ADP
ftr-365	1378	101	possible	possible	ADJ
ftr-365	1378	102	are	be	AUX
ftr-365	1378	103	involved	involve	VERB
ftr-365	1378	104	in	in	ADP
ftr-365	1378	105	the	the	DET
ftr-365	1378	106	dialogue	dialogue	NOUN
ftr-365	1378	107	.	.	PUNCT
ftr-365	1379	1	the	the	PRON
ftr-365	1379	2	broader	broad	ADJ
ftr-365	1379	3	the	the	DET
ftr-365	1379	4	economic	economic	ADJ
ftr-365	1379	5	grouping	grouping	NOUN
ftr-365	1379	6	of	of	ADP
ftr-365	1379	7	countries	country	NOUN
ftr-365	1379	8	engaged	engage	VERB
ftr-365	1379	9	in	in	ADP
ftr-365	1379	10	this	this	DET
ftr-365	1379	11	dialogue	dialogue	NOUN
ftr-365	1379	12	,	,	PUNCT
ftr-365	1379	13	the	the	PRON
ftr-365	1379	14	greater	great	ADJ
ftr-365	1379	15	the	the	DET
ftr-365	1379	16	effectiveness	effectiveness	NOUN
ftr-365	1379	17	of	of	ADP
ftr-365	1379	18	any	any	DET
ftr-365	1379	19	solutions	solution	NOUN
ftr-365	1379	20	proposed	propose	VERB
ftr-365	1379	21	,	,	PUNCT
ftr-365	1379	22	since	since	SCONJ
ftr-365	1379	23	this	this	PRON
ftr-365	1379	24	would	would	AUX
ftr-365	1379	25	minimize	minimize	VERB
ftr-365	1379	26	any	any	DET
ftr-365	1379	27	displacement	displacement	NOUN
ftr-365	1379	28	of	of	ADP
ftr-365	1379	29	activities	activity	NOUN
ftr-365	1379	30	to	to	ADP
ftr-365	1379	31	jurisdictions	jurisdiction	NOUN
ftr-365	1379	32	with	with	ADP
ftr-365	1379	33	harmful	harmful	ADJ
ftr-365	1379	34	tax	tax	NOUN
ftr-365	1379	35	practices	practice	NOUN
ftr-365	1379	36	outside	outside	ADP
ftr-365	1379	37	of	of	ADP
ftr-365	1379	38	the	the	DET
ftr-365	1379	39	participating	participate	VERB
ftr-365	1379	40	countries	country	NOUN
ftr-365	1379	41	.	.	PUNCT
ftr-365	1380	1	any	any	DET
ftr-365	1380	2	displacement	displacement	NOUN
ftr-365	1380	3	of	of	ADP
ftr-365	1380	4	activities	activity	NOUN
ftr-365	1380	5	may	may	AUX
ftr-365	1380	6	put	put	VERB
ftr-365	1380	7	more	more	ADJ
ftr-365	1380	8	pressure	pressure	NOUN
ftr-365	1380	9	on	on	ADP
ftr-365	1380	10	the	the	DET
ftr-365	1380	11	implementation	implementation	NOUN
ftr-365	1380	12	of	of	ADP
ftr-365	1380	13	counteracting	counteract	VERB
ftr-365	1380	14	measures	measure	NOUN
ftr-365	1380	15	if	if	SCONJ
ftr-365	1380	16	such	such	ADJ
ftr-365	1380	17	activities	activity	NOUN
ftr-365	1380	18	are	be	AUX
ftr-365	1380	19	re	re	VERB
ftr-365	1380	20	-	-	VERB
ftr-365	1380	21	established	establish	VERB
ftr-365	1380	22	in	in	ADP
ftr-365	1380	23	jurisdictions	jurisdiction	NOUN
ftr-365	1380	24	which	which	PRON
ftr-365	1380	25	operate	operate	VERB
ftr-365	1380	26	non	non	ADJ
ftr-365	1380	27	-	-	ADJ
ftr-365	1380	28	transparent	transparent	ADJ
ftr-365	1380	29	harmful	harmful	ADJ
ftr-365	1380	30	tax	tax	NOUN
ftr-365	1380	31	practices	practice	NOUN
ftr-365	1380	32	.	.	PUNCT
ftr-365	1381	1	it	it	PRON
ftr-365	1381	2	is	be	AUX
ftr-365	1381	3	for	for	ADP
ftr-365	1381	4	these	these	DET
ftr-365	1381	5	reasons	reason	NOUN
ftr-365	1381	6	that	that	PRON
ftr-365	1381	7	the	the	DET
ftr-365	1381	8	committee	committee	NOUN
ftr-365	1381	9	has	have	AUX
ftr-365	1381	10	attached	attach	VERB
ftr-365	1381	11	particular	particular	ADJ
ftr-365	1381	12	importance	importance	NOUN
ftr-365	1381	13	to	to	ADP
ftr-365	1381	14	associating	associate	VERB
ftr-365	1381	15	non	non	ADJ
ftr-365	1381	16	-	-	ADJ
ftr-365	1381	17	member	member	ADJ
ftr-365	1381	18	countries	country	NOUN
ftr-365	1381	19	with	with	ADP
ftr-365	1381	20	its	its	PRON
ftr-365	1381	21	analytical	analytical	ADJ
ftr-365	1381	22	and	and	CCONJ
ftr-365	1381	23	policy	policy	NOUN
ftr-365	1381	24	discussions	discussion	NOUN
ftr-365	1381	25	on	on	ADP
ftr-365	1381	26	harmful	harmful	ADJ
ftr-365	1381	27	tax	tax	NOUN
ftr-365	1381	28	competition	competition	NOUN
ftr-365	1381	29	.	.	PUNCT
ftr-365	1381	30	”	"	PUNCT
ftr-365	1381	31	)	)	PUNCT
ftr-365	1381	32	.	.	PUNCT
ftr-365	1382	1	312	312	NUM
ftr-365	1382	2	.	.	PUNCT
ftr-365	1383	1	see	see	VERB
ftr-365	1383	2	oecd	oecd	PROPN
ftr-365	1383	3	report	report	PROPN
ftr-365	1383	4	(	(	PUNCT
ftr-365	1383	5	2000	2000	NUM
ftr-365	1383	6	)	)	PUNCT
ftr-365	1383	7	,	,	PUNCT
ftr-365	1383	8	supra	supra	PROPN
ftr-365	1383	9	note	note	PROPN
ftr-365	1383	10	309	309	NUM
ftr-365	1383	11	,	,	PUNCT
ftr-365	1383	12	at	at	ADP
ftr-365	1383	13	22	22	NUM
ftr-365	1383	14	,	,	PUNCT
ftr-365	1383	15	¶	¶	PROPN
ftr-365	1383	16	30	30	NUM
ftr-365	1383	17	:	:	PUNCT
ftr-365	1383	18	it	it	PRON
ftr-365	1383	19	is	be	AUX
ftr-365	1383	20	important	important	ADJ
ftr-365	1383	21	to	to	PART
ftr-365	1383	22	take	take	VERB
ftr-365	1383	23	forward	forward	ADV
ftr-365	1383	24	the	the	DET
ftr-365	1383	25	work	work	NOUN
ftr-365	1383	26	of	of	ADP
ftr-365	1383	27	the	the	DET
ftr-365	1383	28	forum	forum	NOUN
ftr-365	1383	29	with	with	ADP
ftr-365	1383	30	regard	regard	NOUN
ftr-365	1383	31	to	to	ADP
ftr-365	1383	32	eliminating	eliminate	VERB
ftr-365	1383	33	harmful	harmful	ADJ
ftr-365	1383	34	tax	tax	NOUN
ftr-365	1383	35	practices	practice	NOUN
ftr-365	1383	36	on	on	ADP
ftr-365	1383	37	a	a	DET
ftr-365	1383	38	global	global	ADJ
ftr-365	1383	39	basis	basis	NOUN
ftr-365	1383	40	.	.	PUNCT
ftr-365	1384	1	to	to	ADP
ftr-365	1384	2	this	this	DET
ftr-365	1384	3	end	end	NOUN
ftr-365	1384	4	,	,	PUNCT
ftr-365	1384	5	the	the	DET
ftr-365	1384	6	committee	committee	NOUN
ftr-365	1384	7	will	will	AUX
ftr-365	1384	8	encourage	encourage	VERB
ftr-365	1384	9	non	non	ADJ
ftr-365	1384	10	-	-	ADJ
ftr-365	1384	11	member	member	ADJ
ftr-365	1384	12	economies	economy	NOUN
ftr-365	1384	13	to	to	PART
ftr-365	1384	14	associate	associate	VERB
ftr-365	1384	15	themselves	themselves	PRON
ftr-365	1384	16	with	with	ADP
ftr-365	1384	17	the	the	DET
ftr-365	1384	18	1998	1998	NUM
ftr-365	1384	19	report	report	NOUN
ftr-365	1384	20	and	and	CCONJ
ftr-365	1384	21	to	to	PART
ftr-365	1384	22	agree	agree	VERB
ftr-365	1384	23	to	to	ADP
ftr-365	1384	24	its	its	PRON
ftr-365	1384	25	principles	principle	NOUN
ftr-365	1384	26	;	;	PUNCT
ftr-365	1384	27	and	and	CCONJ
ftr-365	1384	28	hold	hold	VERB
ftr-365	1384	29	regional	regional	ADJ
ftr-365	1384	30	seminars	seminar	NOUN
ftr-365	1384	31	that	that	PRON
ftr-365	1384	32	will	will	AUX
ftr-365	1384	33	encourage	encourage	VERB
ftr-365	1384	34	and	and	CCONJ
ftr-365	1384	35	assist	assist	VERB
ftr-365	1384	36	non	non	ADJ
ftr-365	1384	37	-	-	ADJ
ftr-365	1384	38	member	member	ADJ
ftr-365	1384	39	economies	economy	NOUN
ftr-365	1384	40	to	to	PART
ftr-365	1384	41	remove	remove	VERB
ftr-365	1384	42	features	feature	NOUN
ftr-365	1384	43	of	of	ADP
ftr-365	1384	44	their	their	PRON
ftr-365	1384	45	preferential	preferential	ADJ
ftr-365	1384	46	regimes	regime	NOUN
ftr-365	1384	47	that	that	PRON
ftr-365	1384	48	are	be	AUX
ftr-365	1384	49	potentially	potentially	ADV
ftr-365	1384	50	harmful	harmful	ADJ
ftr-365	1384	51	.	.	PUNCT
ftr-365	1385	1	313	313	NUM
ftr-365	1385	2	.	.	PUNCT
ftr-365	1386	1	oecd	oecd	PROPN
ftr-365	1386	2	report	report	PROPN
ftr-365	1386	3	(	(	PUNCT
ftr-365	1386	4	1998	1998	NUM
ftr-365	1386	5	)	)	PUNCT
ftr-365	1386	6	,	,	PUNCT
ftr-365	1386	7	supra	supra	PROPN
ftr-365	1386	8	note	note	NOUN
ftr-365	1386	9	1	1	NUM
ftr-365	1386	10	,	,	PUNCT
ftr-365	1386	11	at	at	ADP
ftr-365	1386	12	8	8	NUM
ftr-365	1386	13	,	,	PUNCT
ftr-365	1386	14	¶	¶	NOUN
ftr-365	1386	15	6	6	NUM
ftr-365	1386	16	.	.	PUNCT
ftr-365	1386	17	314	314	NUM
ftr-365	1386	18	.	.	PUNCT
ftr-365	1387	1	i	i	PRON
ftr-365	1387	2	d.	d.	PROPN
ftr-365	1387	3	at	at	ADP
ftr-365	1387	4	9	9	NUM
ftr-365	1387	5	-	-	SYM
ftr-365	1387	6	10	10	NUM
ftr-365	1387	7	,	,	PUNCT
ftr-365	1387	8	¶	¶	NOUN
ftr-365	1387	9	12	12	NUM
ftr-365	1387	10	.	.	PUNCT
ftr-365	1388	1	60	60	NUM
ftr-365	1388	2	florida	florida	PROPN
ftr-365	1388	3	tax	tax	NOUN
ftr-365	1388	4	review	review	NOUN
ftr-365	1388	5	[	[	X
ftr-365	1388	6	vol	vol	NOUN
ftr-365	1388	7	.	.	PUNCT
ftr-365	1388	8	9:1	9:1	NUM
ftr-365	1388	9	tax	tax	NOUN
ftr-365	1388	10	bases	basis	NOUN
ftr-365	1388	11	,	,	PUNCT
ftr-365	1388	12	such	such	ADJ
ftr-365	1388	13	as	as	ADP
ftr-365	1388	14	labour	labour	NOUN
ftr-365	1388	15	,	,	PUNCT
ftr-365	1388	16	property	property	NOUN
ftr-365	1388	17	and	and	CCONJ
ftr-365	1388	18	consumption	consumption	NOUN
ftr-365	1388	19	;	;	PUNCT
ftr-365	1388	20	and	and	CCONJ
ftr-365	1388	21	–	–	PUNCT
ftr-365	1388	22	increasing	increase	VERB
ftr-365	1388	23	the	the	DET
ftr-365	1388	24	administrative	administrative	ADJ
ftr-365	1388	25	costs	cost	NOUN
ftr-365	1388	26	and	and	CCONJ
ftr-365	1388	27	compliance	compliance	NOUN
ftr-365	1388	28	burdens	burden	NOUN
ftr-365	1388	29	on	on	ADP
ftr-365	1388	30	tax	tax	NOUN
ftr-365	1388	31	authorities	authority	NOUN
ftr-365	1388	32	and	and	CCONJ
ftr-365	1388	33	taxpayers	taxpayer	NOUN
ftr-365	1388	34	.	.	PUNCT
ftr-365	1389	1	315	315	NUM
ftr-365	1389	2	thus	thus	ADV
ftr-365	1389	3	,	,	PUNCT
ftr-365	1389	4	if	if	SCONJ
ftr-365	1389	5	a	a	DET
ftr-365	1389	6	certain	certain	ADJ
ftr-365	1389	7	tax	tax	NOUN
ftr-365	1389	8	regime	regime	NOUN
ftr-365	1389	9	contains	contain	VERB
ftr-365	1389	10	all	all	DET
ftr-365	1389	11	these	these	DET
ftr-365	1389	12	elements	element	NOUN
ftr-365	1389	13	,	,	PUNCT
ftr-365	1389	14	it	it	PRON
ftr-365	1389	15	should	should	AUX
ftr-365	1389	16	be	be	AUX
ftr-365	1389	17	treated	treat	VERB
ftr-365	1389	18	as	as	ADP
ftr-365	1389	19	“	"	PUNCT
ftr-365	1389	20	harmful	harmful	ADJ
ftr-365	1389	21	.	.	PUNCT
ftr-365	1389	22	”	"	PUNCT
ftr-365	1390	1	316	316	NUM
ftr-365	1390	2	nevertheless	nevertheless	ADV
ftr-365	1390	3	,	,	PUNCT
ftr-365	1390	4	regimes	regime	VERB
ftr-365	1390	5	that	that	PRON
ftr-365	1390	6	only	only	ADV
ftr-365	1390	7	contain	contain	VERB
ftr-365	1390	8	some	some	PRON
ftr-365	1390	9	of	of	ADP
ftr-365	1390	10	these	these	DET
ftr-365	1390	11	elements	element	NOUN
ftr-365	1390	12	may	may	AUX
ftr-365	1390	13	be	be	AUX
ftr-365	1390	14	somewhere	somewhere	ADV
ftr-365	1390	15	in	in	ADP
ftr-365	1390	16	the	the	DET
ftr-365	1390	17	spectrum	spectrum	NOUN
ftr-365	1390	18	between	between	ADP
ftr-365	1390	19	being	be	AUX
ftr-365	1390	20	valid	valid	ADJ
ftr-365	1390	21	regimes	regime	NOUN
ftr-365	1390	22	or	or	CCONJ
ftr-365	1390	23	harmful	harmful	ADJ
ftr-365	1390	24	tax	tax	NOUN
ftr-365	1390	25	regime	regime	NOUN
ftr-365	1390	26	.	.	PUNCT
ftr-365	1391	1	317	317	NUM
ftr-365	1391	2	the	the	DET
ftr-365	1391	3	oecd	oecd	PROPN
ftr-365	1391	4	report	report	PROPN
ftr-365	1391	5	(	(	PUNCT
ftr-365	1391	6	1998	1998	NUM
ftr-365	1391	7	)	)	PUNCT
ftr-365	1391	8	distinguishes	distinguish	VERB
ftr-365	1391	9	between	between	ADP
ftr-365	1391	10	three	three	NUM
ftr-365	1391	11	types	type	NOUN
ftr-365	1391	12	of	of	ADP
ftr-365	1391	13	situations	situation	NOUN
ftr-365	1391	14	in	in	ADP
ftr-365	1391	15	which	which	PRON
ftr-365	1391	16	the	the	DET
ftr-365	1391	17	tax	tax	NOUN
ftr-365	1391	18	levied	levy	VERB
ftr-365	1391	19	in	in	ADP
ftr-365	1391	20	one	one	NUM
ftr-365	1391	21	country	country	NOUN
ftr-365	1391	22	on	on	ADP
ftr-365	1391	23	income	income	NOUN
ftr-365	1391	24	from	from	ADP
ftr-365	1391	25	mobile	mobile	ADJ
ftr-365	1391	26	activities	activity	NOUN
ftr-365	1391	27	such	such	ADJ
ftr-365	1391	28	as	as	ADP
ftr-365	1391	29	financial	financial	ADJ
ftr-365	1391	30	and	and	CCONJ
ftr-365	1391	31	other	other	ADJ
ftr-365	1391	32	service	service	NOUN
ftr-365	1391	33	activities	activity	NOUN
ftr-365	1391	34	is	be	AUX
ftr-365	1391	35	lower	low	ADJ
ftr-365	1391	36	than	than	ADP
ftr-365	1391	37	the	the	DET
ftr-365	1391	38	tax	tax	NOUN
ftr-365	1391	39	that	that	PRON
ftr-365	1391	40	would	would	AUX
ftr-365	1391	41	be	be	AUX
ftr-365	1391	42	levied	levy	VERB
ftr-365	1391	43	on	on	ADP
ftr-365	1391	44	the	the	DET
ftr-365	1391	45	same	same	ADJ
ftr-365	1391	46	income	income	NOUN
ftr-365	1391	47	in	in	ADP
ftr-365	1391	48	another	another	DET
ftr-365	1391	49	country	country	NOUN
ftr-365	1391	50	:	:	PUNCT
ftr-365	1391	51	i.	i.	PROPN
ftr-365	1391	52	tax	tax	PROPN
ftr-365	1391	53	havens	haven	NOUN
ftr-365	1391	54	the	the	DET
ftr-365	1391	55	first	first	ADJ
ftr-365	1391	56	country	country	NOUN
ftr-365	1391	57	is	be	AUX
ftr-365	1391	58	a	a	DET
ftr-365	1391	59	tax	tax	NOUN
ftr-365	1391	60	haven	haven	NOUN
ftr-365	1391	61	and	and	CCONJ
ftr-365	1391	62	,	,	PUNCT
ftr-365	1391	63	as	as	ADP
ftr-365	1391	64	such	such	ADJ
ftr-365	1391	65	,	,	PUNCT
ftr-365	1391	66	generally	generally	ADV
ftr-365	1391	67	imposes	impose	VERB
ftr-365	1391	68	no	no	DET
ftr-365	1391	69	or	or	CCONJ
ftr-365	1391	70	only	only	ADV
ftr-365	1391	71	nominal	nominal	ADJ
ftr-365	1391	72	tax	tax	NOUN
ftr-365	1391	73	on	on	ADP
ftr-365	1391	74	that	that	DET
ftr-365	1391	75	income	income	NOUN
ftr-365	1391	76	.	.	PUNCT
ftr-365	1392	1	315	315	NUM
ftr-365	1392	2	.	.	PUNCT
ftr-365	1393	1	i	i	PRON
ftr-365	1393	2	d.	d.	PROPN
ftr-365	1393	3	at	at	ADP
ftr-365	1393	4	16	16	NUM
ftr-365	1393	5	,	,	PUNCT
ftr-365	1393	6	¶	¶	PROPN
ftr-365	1393	7	30	30	NUM
ftr-365	1393	8	.	.	PUNCT
ftr-365	1394	1	316	316	NUM
ftr-365	1394	2	.	.	PUNCT
ftr-365	1395	1	i	i	PRON
ftr-365	1395	2	d.	d.	PROPN
ftr-365	1395	3	at	at	ADP
ftr-365	1395	4	16	16	NUM
ftr-365	1395	5	,	,	PUNCT
ftr-365	1395	6	¶	¶	PROPN
ftr-365	1395	7	31	31	NUM
ftr-365	1395	8	.	.	PUNCT
ftr-365	1396	1	317	317	NUM
ftr-365	1396	2	.	.	PUNCT
ftr-365	1397	1	i	i	PRON
ftr-365	1397	2	d.	d.	PROPN
ftr-365	1397	3	in	in	ADP
ftr-365	1397	4	a	a	DET
ftr-365	1397	5	study	study	NOUN
ftr-365	1397	6	conducted	conduct	VERB
ftr-365	1397	7	four	four	NUM
ftr-365	1397	8	years	year	NOUN
ftr-365	1397	9	later	later	ADV
ftr-365	1397	10	,	,	PUNCT
ftr-365	1397	11	the	the	DET
ftr-365	1397	12	cato	cato	PROPN
ftr-365	1397	13	institute	institute	PROPN
ftr-365	1397	14	observed	observe	VERB
ftr-365	1397	15	that	that	SCONJ
ftr-365	1397	16	[	[	X
ftr-365	1397	17	o]f	o]f	NOUN
ftr-365	1397	18	the	the	DET
ftr-365	1397	19	six	six	NUM
ftr-365	1397	20	,	,	PUNCT
ftr-365	1397	21	it	it	PRON
ftr-365	1397	22	appears	appear	VERB
ftr-365	1397	23	that	that	SCONJ
ftr-365	1397	24	at	at	ADV
ftr-365	1397	25	least	least	ADV
ftr-365	1397	26	four	four	NUM
ftr-365	1397	27	harms	harm	NOUN
ftr-365	1397	28	–	–	PUNCT
ftr-365	1397	29	”	"	PUNCT
ftr-365	1397	30	distorting	distort	VERB
ftr-365	1397	31	financial	financial	ADJ
ftr-365	1397	32	and	and	CCONJ
ftr-365	1397	33	,	,	PUNCT
ftr-365	1397	34	indirectly	indirectly	ADV
ftr-365	1397	35	,	,	PUNCT
ftr-365	1397	36	real	real	ADJ
ftr-365	1397	37	investment	investment	NOUN
ftr-365	1397	38	flows	flow	VERB
ftr-365	1397	39	,	,	PUNCT
ftr-365	1397	40	”	"	PUNCT
ftr-365	1397	41	“	"	PUNCT
ftr-365	1397	42	undermining	undermine	VERB
ftr-365	1397	43	the	the	DET
ftr-365	1397	44	integrity	integrity	NOUN
ftr-365	1397	45	and	and	CCONJ
ftr-365	1397	46	fairness	fairness	NOUN
ftr-365	1397	47	of	of	ADP
ftr-365	1397	48	tax	tax	NOUN
ftr-365	1397	49	structures	structure	NOUN
ftr-365	1397	50	,	,	PUNCT
ftr-365	1397	51	”	"	PUNCT
ftr-365	1397	52	“	"	PUNCT
ftr-365	1397	53	discouraging	discourage	VERB
ftr-365	1397	54	compliance	compliance	NOUN
ftr-365	1397	55	by	by	ADP
ftr-365	1397	56	all	all	DET
ftr-365	1397	57	taxpayers	taxpayer	NOUN
ftr-365	1397	58	,	,	PUNCT
ftr-365	1397	59	”	"	PUNCT
ftr-365	1397	60	and	and	CCONJ
ftr-365	1397	61	“	"	PUNCT
ftr-365	1397	62	increasing	increase	VERB
ftr-365	1397	63	the	the	DET
ftr-365	1397	64	administrative	administrative	ADJ
ftr-365	1397	65	costs	cost	NOUN
ftr-365	1397	66	and	and	CCONJ
ftr-365	1397	67	compliance	compliance	NOUN
ftr-365	1397	68	burdens	burden	NOUN
ftr-365	1397	69	on	on	ADP
ftr-365	1397	70	tax	tax	NOUN
ftr-365	1397	71	authorities	authority	NOUN
ftr-365	1397	72	and	and	CCONJ
ftr-365	1397	73	taxpayers	taxpayer	NOUN
ftr-365	1397	74	”	"	PUNCT
ftr-365	1397	75	–	–	PUNCT
ftr-365	1397	76	are	be	AUX
ftr-365	1397	77	probably	probably	ADV
ftr-365	1397	78	more	more	ADV
ftr-365	1397	79	true	true	ADJ
ftr-365	1397	80	of	of	ADP
ftr-365	1397	81	high	high	ADJ
ftr-365	1397	82	-	-	PUNCT
ftr-365	1397	83	tax	tax	NOUN
ftr-365	1397	84	regimes	regime	NOUN
ftr-365	1397	85	.	.	PUNCT
ftr-365	1398	1	see	see	VERB
ftr-365	1398	2	chris	chris	PROPN
ftr-365	1398	3	edwards	edwards	PROPN
ftr-365	1398	4	&	&	CCONJ
ftr-365	1398	5	veronique	veronique	PROPN
ftr-365	1398	6	de	de	PROPN
ftr-365	1398	7	rugy	rugy	PROPN
ftr-365	1398	8	,	,	PUNCT
ftr-365	1398	9	cato	cato	PROPN
ftr-365	1398	10	study	study	NOUN
ftr-365	1398	11	on	on	ADP
ftr-365	1398	12	international	international	ADJ
ftr-365	1398	13	tax	tax	NOUN
ftr-365	1398	14	competition	competition	NOUN
ftr-365	1398	15	,	,	PUNCT
ftr-365	1398	16	2002	2002	NUM
ftr-365	1398	17	tnt	tnt	PROPN
ftr-365	1398	18	85	85	NUM
ftr-365	1398	19	-	-	SYM
ftr-365	1398	20	51	51	NUM
ftr-365	1398	21	,	,	PUNCT
ftr-365	1398	22	at	at	ADP
ftr-365	1398	23	¶	¶	PROPN
ftr-365	1398	24	102	102	NUM
ftr-365	1398	25	(	(	PUNCT
ftr-365	1398	26	may	may	PROPN
ftr-365	1398	27	2	2	NUM
ftr-365	1398	28	,	,	PUNCT
ftr-365	1398	29	2002	2002	NUM
ftr-365	1398	30	)	)	PUNCT
ftr-365	1398	31	.	.	PUNCT
ftr-365	1399	1	ii	ii	PROPN
ftr-365	1399	2	.	.	PUNCT
ftr-365	1399	3	potentially	potentially	ADV
ftr-365	1399	4	harmful	harmful	ADJ
ftr-365	1399	5	preferential	preferential	ADJ
ftr-365	1399	6	tax	tax	NOUN
ftr-365	1399	7	regime	regime	NOUN
ftr-365	1399	8	the	the	DET
ftr-365	1399	9	first	first	ADJ
ftr-365	1399	10	country	country	NOUN
ftr-365	1399	11	collects	collect	VERB
ftr-365	1399	12	significant	significant	ADJ
ftr-365	1399	13	revenues	revenue	NOUN
ftr-365	1399	14	from	from	ADP
ftr-365	1399	15	tax	tax	NOUN
ftr-365	1399	16	imposed	impose	VERB
ftr-365	1399	17	on	on	ADP
ftr-365	1399	18	income	income	NOUN
ftr-365	1399	19	at	at	ADP
ftr-365	1399	20	the	the	DET
ftr-365	1399	21	individual	individual	ADJ
ftr-365	1399	22	or	or	CCONJ
ftr-365	1399	23	corporate	corporate	ADJ
ftr-365	1399	24	level	level	NOUN
ftr-365	1399	25	but	but	CCONJ
ftr-365	1399	26	its	its	PRON
ftr-365	1399	27	tax	tax	NOUN
ftr-365	1399	28	system	system	NOUN
ftr-365	1399	29	has	have	VERB
ftr-365	1399	30	preferential	preferential	ADJ
ftr-365	1399	31	features	feature	NOUN
ftr-365	1399	32	that	that	PRON
ftr-365	1399	33	allow	allow	VERB
ftr-365	1399	34	the	the	DET
ftr-365	1399	35	relevant	relevant	ADJ
ftr-365	1399	36	income	income	NOUN
ftr-365	1399	37	to	to	PART
ftr-365	1399	38	be	be	AUX
ftr-365	1399	39	subject	subject	ADJ
ftr-365	1399	40	to	to	ADP
ftr-365	1399	41	low	low	ADJ
ftr-365	1399	42	or	or	CCONJ
ftr-365	1399	43	no	no	DET
ftr-365	1399	44	taxation	taxation	NOUN
ftr-365	1399	45	.	.	PUNCT
ftr-365	1400	1	2008	2008	NUM
ftr-365	1400	2	]	]	PUNCT
ftr-365	1401	1	the	the	DET
ftr-365	1401	2	case	case	NOUN
ftr-365	1401	3	for	for	ADP
ftr-365	1401	4	residency	residency	NOUN
ftr-365	1401	5	-	-	PUNCT
ftr-365	1401	6	based	base	VERB
ftr-365	1401	7	taxation	taxation	NOUN
ftr-365	1401	8	61	61	NUM
ftr-365	1401	9	iii	iii	NOUN
ftr-365	1401	10	.	.	PUNCT
ftr-365	1402	1	non	non	ADJ
ftr-365	1402	2	-	-	ADJ
ftr-365	1402	3	harmful	harmful	ADJ
ftr-365	1402	4	tax	tax	NOUN
ftr-365	1402	5	competition	competition	NOUN
ftr-365	1402	6	the	the	DET
ftr-365	1402	7	first	first	ADJ
ftr-365	1402	8	country	country	NOUN
ftr-365	1402	9	collects	collect	VERB
ftr-365	1402	10	significant	significant	ADJ
ftr-365	1402	11	revenues	revenue	NOUN
ftr-365	1402	12	from	from	ADP
ftr-365	1402	13	tax	tax	NOUN
ftr-365	1402	14	imposed	impose	VERB
ftr-365	1402	15	on	on	ADP
ftr-365	1402	16	income	income	NOUN
ftr-365	1402	17	at	at	ADP
ftr-365	1402	18	the	the	DET
ftr-365	1402	19	individual	individual	ADJ
ftr-365	1402	20	or	or	CCONJ
ftr-365	1402	21	corporate	corporate	ADJ
ftr-365	1402	22	level	level	NOUN
ftr-365	1402	23	but	but	CCONJ
ftr-365	1402	24	the	the	DET
ftr-365	1402	25	effective	effective	ADJ
ftr-365	1402	26	tax	tax	NOUN
ftr-365	1402	27	rate	rate	NOUN
ftr-365	1402	28	that	that	PRON
ftr-365	1402	29	is	be	AUX
ftr-365	1402	30	generally	generally	ADV
ftr-365	1402	31	applicable	applicable	ADJ
ftr-365	1402	32	at	at	ADP
ftr-365	1402	33	that	that	DET
ftr-365	1402	34	level	level	NOUN
ftr-365	1402	35	in	in	ADP
ftr-365	1402	36	that	that	DET
ftr-365	1402	37	country	country	NOUN
ftr-365	1402	38	is	be	AUX
ftr-365	1402	39	lower	low	ADJ
ftr-365	1402	40	than	than	SCONJ
ftr-365	1402	41	that	that	PRON
ftr-365	1402	42	levied	levy	VERB
ftr-365	1402	43	in	in	ADP
ftr-365	1402	44	the	the	DET
ftr-365	1402	45	second	second	ADJ
ftr-365	1402	46	country	country	NOUN
ftr-365	1402	47	.	.	PUNCT
ftr-365	1403	1	318	318	NUM
ftr-365	1403	2	the	the	DET
ftr-365	1403	3	oecd	oecd	PROPN
ftr-365	1403	4	report	report	PROPN
ftr-365	1403	5	(	(	PUNCT
ftr-365	1403	6	1998	1998	NUM
ftr-365	1403	7	)	)	PUNCT
ftr-365	1403	8	does	do	AUX
ftr-365	1403	9	not	not	PART
ftr-365	1403	10	deal	deal	VERB
ftr-365	1403	11	with	with	ADP
ftr-365	1403	12	the	the	DET
ftr-365	1403	13	third	third	ADJ
ftr-365	1403	14	category	category	NOUN
ftr-365	1403	15	(	(	PUNCT
ftr-365	1403	16	which	which	PRON
ftr-365	1403	17	is	be	AUX
ftr-365	1403	18	therefore	therefore	ADV
ftr-365	1403	19	not	not	PART
ftr-365	1403	20	discussed	discuss	VERB
ftr-365	1403	21	in	in	ADP
ftr-365	1403	22	this	this	DET
ftr-365	1403	23	article	article	NOUN
ftr-365	1403	24	)	)	PUNCT
ftr-365	1403	25	,	,	PUNCT
ftr-365	1403	26	and	and	CCONJ
ftr-365	1403	27	distinguishes	distinguish	VERB
ftr-365	1403	28	between	between	ADP
ftr-365	1403	29	the	the	DET
ftr-365	1403	30	first	first	ADJ
ftr-365	1403	31	category	category	NOUN
ftr-365	1403	32	(	(	PUNCT
ftr-365	1403	33	“	"	PUNCT
ftr-365	1403	34	tax	tax	NOUN
ftr-365	1403	35	havens	haven	NOUN
ftr-365	1403	36	”	"	PUNCT
ftr-365	1403	37	)	)	PUNCT
ftr-365	1403	38	,	,	PUNCT
ftr-365	1403	39	and	and	CCONJ
ftr-365	1403	40	the	the	DET
ftr-365	1403	41	second	second	ADJ
ftr-365	1403	42	category	category	NOUN
ftr-365	1403	43	(	(	PUNCT
ftr-365	1403	44	“	"	PUNCT
ftr-365	1403	45	potentially	potentially	ADV
ftr-365	1403	46	harmful	harmful	ADJ
ftr-365	1403	47	preferential	preferential	ADJ
ftr-365	1403	48	tax	tax	NOUN
ftr-365	1403	49	regimes	regime	NOUN
ftr-365	1403	50	.	.	PUNCT
ftr-365	1403	51	”	"	PUNCT
ftr-365	1403	52	)	)	PUNCT
ftr-365	1403	53	319	319	NUM
ftr-365	1403	54	2	2	NUM
ftr-365	1403	55	.	.	PUNCT
ftr-365	1403	56	tax	tax	NOUN
ftr-365	1403	57	havens	haven	NOUN
ftr-365	1403	58	a	a	DET
ftr-365	1403	59	tax	tax	NOUN
ftr-365	1403	60	regime	regime	NOUN
ftr-365	1403	61	could	could	AUX
ftr-365	1403	62	be	be	AUX
ftr-365	1403	63	considered	consider	VERB
ftr-365	1403	64	a	a	DET
ftr-365	1403	65	“	"	PUNCT
ftr-365	1403	66	tax	tax	NOUN
ftr-365	1403	67	haven	haven	NOUN
ftr-365	1403	68	”	"	PUNCT
ftr-365	1403	69	if	if	SCONJ
ftr-365	1403	70	:	:	PUNCT
ftr-365	1403	71	(	(	PUNCT
ftr-365	1403	72	a	a	X
ftr-365	1403	73	)	)	PUNCT
ftr-365	1404	1	[	[	X
ftr-365	1404	2	it	it	PRON
ftr-365	1404	3	]	]	PUNCT
ftr-365	1404	4	imposes	impose	VERB
ftr-365	1404	5	no	no	DET
ftr-365	1404	6	or	or	CCONJ
ftr-365	1404	7	only	only	ADV
ftr-365	1404	8	nominal	nominal	ADJ
ftr-365	1404	9	taxes	taxis	NOUN
ftr-365	1404	10	and	and	CCONJ
ftr-365	1404	11	offers	offer	VERB
ftr-365	1404	12	itself	itself	PRON
ftr-365	1404	13	,	,	PUNCT
ftr-365	1404	14	or	or	CCONJ
ftr-365	1404	15	is	be	AUX
ftr-365	1404	16	perceived	perceive	VERB
ftr-365	1404	17	to	to	PART
ftr-365	1404	18	offer	offer	VERB
ftr-365	1404	19	itself	itself	PRON
ftr-365	1404	20	,	,	PUNCT
ftr-365	1404	21	as	as	ADP
ftr-365	1404	22	a	a	DET
ftr-365	1404	23	place	place	NOUN
ftr-365	1404	24	to	to	PART
ftr-365	1404	25	be	be	AUX
ftr-365	1404	26	used	use	VERB
ftr-365	1404	27	by	by	ADP
ftr-365	1404	28	non	non	NOUN
ftr-365	1404	29	-	-	NOUN
ftr-365	1404	30	residents	resident	NOUN
ftr-365	1404	31	to	to	PART
ftr-365	1404	32	escape	escape	VERB
ftr-365	1404	33	tax	tax	NOUN
ftr-365	1404	34	in	in	ADP
ftr-365	1404	35	their	their	PRON
ftr-365	1404	36	[	[	NOUN
ftr-365	1404	37	residency	residency	NOUN
ftr-365	1404	38	country	country	NOUN
ftr-365	1404	39	]	]	X
ftr-365	1404	40	;	;	PUNCT
ftr-365	1404	41	(	(	PUNCT
ftr-365	1404	42	b	b	X
ftr-365	1404	43	)	)	PUNCT
ftr-365	1405	1	[	[	X
ftr-365	1405	2	its	its	PRON
ftr-365	1405	3	]	]	X
ftr-365	1405	4	laws	law	NOUN
ftr-365	1405	5	or	or	CCONJ
ftr-365	1405	6	administrative	administrative	ADJ
ftr-365	1405	7	practices	practice	NOUN
ftr-365	1405	8	prevent	prevent	VERB
ftr-365	1405	9	the	the	DET
ftr-365	1405	10	effective	effective	ADJ
ftr-365	1405	11	exchange	exchange	NOUN
ftr-365	1405	12	of	of	ADP
ftr-365	1405	13	relevant	relevant	ADJ
ftr-365	1405	14	information	information	NOUN
ftr-365	1405	15	with	with	ADP
ftr-365	1405	16	other	other	ADJ
ftr-365	1405	17	governments	government	NOUN
ftr-365	1405	18	on	on	ADP
ftr-365	1405	19	taxpayers	taxpayer	NOUN
ftr-365	1405	20	benefiting	benefit	VERB
ftr-365	1405	21	from	from	ADP
ftr-365	1405	22	the	the	DET
ftr-365	1405	23	low	low	ADJ
ftr-365	1405	24	or	or	CCONJ
ftr-365	1405	25	no	no	PRON
ftr-365	1405	26	tax	tax	NOUN
ftr-365	1405	27	jurisdiction	jurisdiction	NOUN
ftr-365	1405	28	;	;	PUNCT
ftr-365	1405	29	(	(	PUNCT
ftr-365	1405	30	c	c	X
ftr-365	1405	31	)	)	PUNCT
ftr-365	1406	1	[	[	X
ftr-365	1406	2	its	its	PRON
ftr-365	1406	3	laws	law	NOUN
ftr-365	1406	4	]	]	PUNCT
ftr-365	1406	5	lack	lack	NOUN
ftr-365	1406	6	transparency	transparency	NOUN
ftr-365	1406	7	and	and	CCONJ
ftr-365	1406	8	(	(	PUNCT
ftr-365	1406	9	d	d	X
ftr-365	1406	10	)	)	PUNCT
ftr-365	1407	1	[	[	X
ftr-365	1407	2	it	it	PRON
ftr-365	1407	3	has	have	VERB
ftr-365	1407	4	no	no	DET
ftr-365	1407	5	]	]	PUNCT
ftr-365	1407	6	requirement	requirement	NOUN
ftr-365	1407	7	that	that	SCONJ
ftr-365	1407	8	the	the	DET
ftr-365	1407	9	activity	activity	NOUN
ftr-365	1407	10	be	be	AUX
ftr-365	1407	11	substantial	substantial	ADJ
ftr-365	1407	12	[	[	X
ftr-365	1407	13	which	which	PRON
ftr-365	1407	14	]	]	PUNCT
ftr-365	1407	15	would	would	AUX
ftr-365	1407	16	suggest	suggest	VERB
ftr-365	1407	17	that	that	SCONJ
ftr-365	1408	1	[	[	X
ftr-365	1408	2	it	it	PRON
ftr-365	1408	3	]	]	PUNCT
ftr-365	1408	4	attempt[s	attempt[s	PROPN
ftr-365	1408	5	]	]	PUNCT
ftr-365	1408	6	to	to	PART
ftr-365	1408	7	attract	attract	VERB
ftr-365	1408	8	investment	investment	NOUN
ftr-365	1408	9	or	or	CCONJ
ftr-365	1408	10	transactions	transaction	NOUN
ftr-365	1408	11	that	that	PRON
ftr-365	1408	12	are	be	AUX
ftr-365	1408	13	purely	purely	ADV
ftr-365	1408	14	tax	tax	NOUN
ftr-365	1408	15	driven	drive	VERB
ftr-365	1408	16	.	.	PUNCT
ftr-365	1409	1	320	320	NUM
ftr-365	1409	2	this	this	DET
ftr-365	1409	3	article	article	NOUN
ftr-365	1409	4	does	do	AUX
ftr-365	1409	5	not	not	PART
ftr-365	1409	6	endorse	endorse	VERB
ftr-365	1409	7	adopting	adopt	VERB
ftr-365	1409	8	any	any	PRON
ftr-365	1409	9	of	of	ADP
ftr-365	1409	10	these	these	DET
ftr-365	1409	11	tax	tax	NOUN
ftr-365	1409	12	-	-	PUNCT
ftr-365	1409	13	haven	haven	NOUN
ftr-365	1409	14	elements	element	NOUN
ftr-365	1409	15	.	.	PUNCT
ftr-365	1410	1	thus	thus	ADV
ftr-365	1410	2	,	,	PUNCT
ftr-365	1410	3	my	my	PRON
ftr-365	1410	4	proposed	propose	VERB
ftr-365	1410	5	residency	residency	NOUN
ftr-365	1410	6	-	-	PUNCT
ftr-365	1410	7	based	base	VERB
ftr-365	1410	8	regime	regime	NOUN
ftr-365	1410	9	for	for	ADP
ftr-365	1410	10	financial	financial	ADJ
ftr-365	1410	11	transactions	transaction	NOUN
ftr-365	1410	12	should	should	AUX
ftr-365	1410	13	not	not	PART
ftr-365	1410	14	result	result	VERB
ftr-365	1410	15	in	in	ADP
ftr-365	1410	16	country	country	NOUN
ftr-365	1410	17	d	d	ADP
ftr-365	1410	18	being	be	AUX
ftr-365	1410	19	treated	treat	VERB
ftr-365	1410	20	as	as	ADP
ftr-365	1410	21	a	a	DET
ftr-365	1410	22	tax	tax	NOUN
ftr-365	1410	23	haven	haven	NOUN
ftr-365	1410	24	under	under	ADP
ftr-365	1410	25	the	the	DET
ftr-365	1410	26	above	above	ADJ
ftr-365	1410	27	standards	standard	NOUN
ftr-365	1410	28	.	.	PUNCT
ftr-365	1411	1	the	the	DET
ftr-365	1411	2	remainder	remainder	NOUN
ftr-365	1411	3	of	of	ADP
ftr-365	1411	4	this	this	DET
ftr-365	1411	5	article	article	NOUN
ftr-365	1411	6	will	will	AUX
ftr-365	1411	7	focus	focus	VERB
ftr-365	1411	8	only	only	ADV
ftr-365	1411	9	the	the	DET
ftr-365	1411	10	second	second	ADJ
ftr-365	1411	11	category	category	NOUN
ftr-365	1411	12	(	(	PUNCT
ftr-365	1411	13	i.e.	i.e.	X
ftr-365	1411	14	,	,	PUNCT
ftr-365	1411	15	the	the	DET
ftr-365	1411	16	“	"	PUNCT
ftr-365	1411	17	potentially	potentially	ADV
ftr-365	1411	18	harmful	harmful	ADJ
ftr-365	1411	19	preferential	preferential	ADJ
ftr-365	1411	20	tax	tax	NOUN
ftr-365	1411	21	regimes	regime	NOUN
ftr-365	1411	22	.	.	PUNCT
ftr-365	1411	23	”	"	PUNCT
ftr-365	1411	24	)	)	PUNCT
ftr-365	1411	25	.	.	PUNCT
ftr-365	1412	1	318	318	NUM
ftr-365	1412	2	.	.	PUNCT
ftr-365	1413	1	oecd	oecd	PROPN
ftr-365	1413	2	report	report	PROPN
ftr-365	1413	3	(	(	PUNCT
ftr-365	1413	4	1998	1998	NUM
ftr-365	1413	5	)	)	PUNCT
ftr-365	1413	6	,	,	PUNCT
ftr-365	1413	7	supra	supra	PROPN
ftr-365	1413	8	note	note	NOUN
ftr-365	1413	9	1	1	NUM
ftr-365	1413	10	,	,	PUNCT
ftr-365	1413	11	at	at	ADP
ftr-365	1413	12	19	19	NUM
ftr-365	1413	13	-	-	SYM
ftr-365	1413	14	20	20	NUM
ftr-365	1413	15	,	,	PUNCT
ftr-365	1413	16	¶	¶	NUM
ftr-365	1413	17	40	40	NUM
ftr-365	1413	18	.	.	PUNCT
ftr-365	1414	1	319	319	NUM
ftr-365	1414	2	.	.	PUNCT
ftr-365	1415	1	i	i	PRON
ftr-365	1415	2	d.	d.	PROPN
ftr-365	1415	3	at	at	ADP
ftr-365	1415	4	20	20	NUM
ftr-365	1415	5	-	-	SYM
ftr-365	1415	6	21	21	NUM
ftr-365	1415	7	,	,	PUNCT
ftr-365	1415	8	¶	¶	PROPN
ftr-365	1415	9	44	44	NUM
ftr-365	1415	10	.	.	PUNCT
ftr-365	1415	11	320	320	NUM
ftr-365	1415	12	.	.	PUNCT
ftr-365	1416	1	i	i	PRON
ftr-365	1416	2	d.	d.	PROPN
ftr-365	1416	3	at	at	ADP
ftr-365	1416	4	22	22	NUM
ftr-365	1416	5	,	,	PUNCT
ftr-365	1416	6	¶	¶	PROPN
ftr-365	1416	7	52	52	NUM
ftr-365	1416	8	.	.	PUNCT
ftr-365	1417	1	3	3	X
ftr-365	1417	2	.	.	X
ftr-365	1417	3	potentially	potentially	ADV
ftr-365	1417	4	harmful	harmful	ADJ
ftr-365	1417	5	preferential	preferential	ADJ
ftr-365	1417	6	tax	tax	NOUN
ftr-365	1417	7	regimes	regime	NOUN
ftr-365	1417	8	pursuant	pursuant	ADJ
ftr-365	1417	9	to	to	PART
ftr-365	1417	10	paragraph	paragraph	VERB
ftr-365	1417	11	59	59	NUM
ftr-365	1417	12	of	of	ADP
ftr-365	1417	13	the	the	DET
ftr-365	1417	14	oecd	oecd	PROPN
ftr-365	1417	15	report	report	NOUN
ftr-365	1417	16	(	(	PUNCT
ftr-365	1417	17	1998	1998	NUM
ftr-365	1417	18	)	)	PUNCT
ftr-365	1417	19	,	,	PUNCT
ftr-365	1417	20	there	there	PRON
ftr-365	1417	21	are	be	VERB
ftr-365	1417	22	62	62	NUM
ftr-365	1417	23	florida	florida	PROPN
ftr-365	1417	24	tax	tax	NOUN
ftr-365	1417	25	review	review	NOUN
ftr-365	1418	1	[	[	X
ftr-365	1418	2	vol	vol	NOUN
ftr-365	1418	3	.	.	PUNCT
ftr-365	1418	4	9:1	9:1	NUM
ftr-365	1418	5	four	four	NUM
ftr-365	1418	6	key	key	ADJ
ftr-365	1418	7	factors	factor	NOUN
ftr-365	1418	8	[	[	X
ftr-365	1418	9	that	that	SCONJ
ftr-365	1418	10	]	]	PUNCT
ftr-365	1418	11	assist	assist	VERB
ftr-365	1418	12	in	in	ADP
ftr-365	1418	13	identifying	identify	VERB
ftr-365	1418	14	harmful	harmful	ADJ
ftr-365	1418	15	preferential	preferential	ADJ
ftr-365	1418	16	tax	tax	NOUN
ftr-365	1418	17	regimes	regime	NOUN
ftr-365	1418	18	:	:	PUNCT
ftr-365	1418	19	(	(	PUNCT
ftr-365	1418	20	a	a	X
ftr-365	1418	21	)	)	PUNCT
ftr-365	1418	22	the	the	DET
ftr-365	1418	23	regime	regime	NOUN
ftr-365	1418	24	imposes	impose	VERB
ftr-365	1418	25	low	low	ADJ
ftr-365	1418	26	or	or	CCONJ
ftr-365	1418	27	zero	zero	NUM
ftr-365	1418	28	effective	effective	ADJ
ftr-365	1418	29	tax	tax	NOUN
ftr-365	1418	30	rate	rate	NOUN
ftr-365	1418	31	on	on	ADP
ftr-365	1418	32	the	the	DET
ftr-365	1418	33	relevant	relevant	ADJ
ftr-365	1418	34	income	income	NOUN
ftr-365	1418	35	;	;	PUNCT
ftr-365	1418	36	(	(	PUNCT
ftr-365	1418	37	b	b	X
ftr-365	1418	38	)	)	PUNCT
ftr-365	1418	39	the	the	DET
ftr-365	1418	40	regime	regime	NOUN
ftr-365	1418	41	is	be	AUX
ftr-365	1418	42	“	"	PUNCT
ftr-365	1418	43	ring	ring	NOUN
ftr-365	1418	44	-	-	PUNCT
ftr-365	1418	45	fenced	fence	VERB
ftr-365	1418	46	;	;	PUNCT
ftr-365	1418	47	”	"	PUNCT
ftr-365	1418	48	(	(	PUNCT
ftr-365	1418	49	c	c	X
ftr-365	1418	50	)	)	PUNCT
ftr-365	1418	51	the	the	DET
ftr-365	1418	52	operation	operation	NOUN
ftr-365	1418	53	of	of	ADP
ftr-365	1418	54	the	the	DET
ftr-365	1418	55	regime	regime	NOUN
ftr-365	1418	56	is	be	AUX
ftr-365	1418	57	non	non	ADJ
ftr-365	1418	58	-	-	ADJ
ftr-365	1418	59	transparent	transparent	ADJ
ftr-365	1418	60	;	;	PUNCT
ftr-365	1418	61	and	and	CCONJ
ftr-365	1418	62	(	(	PUNCT
ftr-365	1418	63	d	d	X
ftr-365	1418	64	)	)	PUNCT
ftr-365	1418	65	the	the	DET
ftr-365	1418	66	jurisdiction	jurisdiction	NOUN
ftr-365	1418	67	does	do	AUX
ftr-365	1418	68	not	not	PART
ftr-365	1418	69	effectively	effectively	ADV
ftr-365	1418	70	exchange	exchange	VERB
ftr-365	1418	71	information	information	NOUN
ftr-365	1418	72	with	with	ADP
ftr-365	1418	73	other	other	ADJ
ftr-365	1418	74	countries	country	NOUN
ftr-365	1418	75	.	.	PUNCT
ftr-365	1419	1	321	321	NUM
ftr-365	1419	2	a	a	DET
ftr-365	1419	3	harmful	harmful	ADJ
ftr-365	1419	4	preferential	preferential	ADJ
ftr-365	1419	5	tax	tax	NOUN
ftr-365	1419	6	regime	regime	NOUN
ftr-365	1419	7	exists	exist	VERB
ftr-365	1419	8	only	only	ADV
ftr-365	1419	9	where	where	SCONJ
ftr-365	1419	10	the	the	DET
ftr-365	1419	11	relevant	relevant	ADJ
ftr-365	1419	12	income	income	NOUN
ftr-365	1419	13	is	be	AUX
ftr-365	1419	14	subject	subject	ADJ
ftr-365	1419	15	to	to	ADP
ftr-365	1419	16	low	low	ADJ
ftr-365	1419	17	or	or	CCONJ
ftr-365	1419	18	zero	zero	NUM
ftr-365	1419	19	effective	effective	ADJ
ftr-365	1419	20	tax	tax	NOUN
ftr-365	1419	21	rate	rate	NOUN
ftr-365	1419	22	[	[	X
ftr-365	1419	23	the	the	DET
ftr-365	1419	24	first	first	ADJ
ftr-365	1419	25	factor	factor	NOUN
ftr-365	1419	26	]	]	PUNCT
ftr-365	1419	27	and	and	CCONJ
ftr-365	1419	28	one	one	NUM
ftr-365	1419	29	or	or	CCONJ
ftr-365	1419	30	more	more	ADJ
ftr-365	1419	31	of	of	ADP
ftr-365	1419	32	the	the	DET
ftr-365	1419	33	other	other	ADJ
ftr-365	1419	34	factors	factor	NOUN
ftr-365	1419	35	[	[	PUNCT
ftr-365	1419	36	also	also	ADV
ftr-365	1419	37	exists	exist	VERB
ftr-365	1419	38	]	]	PUNCT
ftr-365	1419	39	.	.	PUNCT
ftr-365	1420	1	322	322	NUM
ftr-365	1420	2	while	while	SCONJ
ftr-365	1420	3	my	my	PRON
ftr-365	1420	4	proposal	proposal	NOUN
ftr-365	1420	5	would	would	AUX
ftr-365	1420	6	probably	probably	ADV
ftr-365	1420	7	satisfy	satisfy	VERB
ftr-365	1420	8	the	the	DET
ftr-365	1420	9	first	first	ADJ
ftr-365	1420	10	factor	factor	NOUN
ftr-365	1420	11	because	because	SCONJ
ftr-365	1420	12	it	it	PRON
ftr-365	1420	13	would	would	AUX
ftr-365	1420	14	eliminate	eliminate	VERB
ftr-365	1420	15	source	source	NOUN
ftr-365	1420	16	-	-	PUNCT
ftr-365	1420	17	based	base	VERB
ftr-365	1420	18	taxation	taxation	NOUN
ftr-365	1420	19	on	on	ADP
ftr-365	1420	20	several	several	ADJ
ftr-365	1420	21	types	type	NOUN
ftr-365	1420	22	of	of	ADP
ftr-365	1420	23	passive	passive	ADJ
ftr-365	1420	24	income	income	NOUN
ftr-365	1420	25	,	,	PUNCT
ftr-365	1420	26	country	country	NOUN
ftr-365	1420	27	d	d	NOUN
ftr-365	1420	28	could	could	AUX
ftr-365	1420	29	easily	easily	ADV
ftr-365	1420	30	avoid	avoid	VERB
ftr-365	1420	31	becoming	become	VERB
ftr-365	1420	32	a	a	DET
ftr-365	1420	33	harmful	harmful	ADJ
ftr-365	1420	34	preferential	preferential	ADJ
ftr-365	1420	35	tax	tax	NOUN
ftr-365	1420	36	regime	regime	NOUN
ftr-365	1420	37	by	by	ADP
ftr-365	1420	38	making	make	VERB
ftr-365	1420	39	sure	sure	ADJ
ftr-365	1420	40	that	that	SCONJ
ftr-365	1420	41	it	it	PRON
ftr-365	1420	42	would	would	AUX
ftr-365	1420	43	not	not	PART
ftr-365	1420	44	fall	fall	VERB
ftr-365	1420	45	under	under	ADP
ftr-365	1420	46	any	any	PRON
ftr-365	1420	47	of	of	ADP
ftr-365	1420	48	the	the	DET
ftr-365	1420	49	other	other	ADJ
ftr-365	1420	50	three	three	NUM
ftr-365	1420	51	factors	factor	NOUN
ftr-365	1420	52	,	,	PUNCT
ftr-365	1420	53	as	as	SCONJ
ftr-365	1420	54	discussed	discuss	VERB
ftr-365	1420	55	below	below	ADV
ftr-365	1420	56	.	.	PUNCT
ftr-365	1421	1	323	323	NUM
ftr-365	1421	2	“	"	PUNCT
ftr-365	1421	3	ring	ring	NOUN
ftr-365	1421	4	-	-	PUNCT
ftr-365	1421	5	fencing	fencing	NOUN
ftr-365	1421	6	”	"	PUNCT
ftr-365	1421	7	for	for	ADP
ftr-365	1421	8	this	this	DET
ftr-365	1421	9	purpose	purpose	NOUN
ftr-365	1421	10	includes	include	VERB
ftr-365	1421	11	:	:	PUNCT
ftr-365	1421	12	(	(	PUNCT
ftr-365	1421	13	i	i	NOUN
ftr-365	1421	14	)	)	PUNCT
ftr-365	1421	15	exclusions	exclusion	NOUN
ftr-365	1421	16	of	of	ADP
ftr-365	1421	17	residents	resident	NOUN
ftr-365	1421	18	“	"	PUNCT
ftr-365	1421	19	from	from	ADP
ftr-365	1421	20	taking	take	VERB
ftr-365	1421	21	advantage	advantage	NOUN
ftr-365	1421	22	of	of	ADP
ftr-365	1421	23	[	[	PUNCT
ftr-365	1421	24	the	the	DET
ftr-365	1421	25	regime	regime	NOUN
ftr-365	1421	26	’s	’s	PART
ftr-365	1421	27	tax	tax	NOUN
ftr-365	1421	28	]	]	PUNCT
ftr-365	1421	29	benefits	benefit	NOUN
ftr-365	1421	30	,	,	PUNCT
ftr-365	1421	31	”	"	PUNCT
ftr-365	1421	32	and	and	CCONJ
ftr-365	1421	33	(	(	PUNCT
ftr-365	1421	34	ii	ii	NOUN
ftr-365	1421	35	)	)	PUNCT
ftr-365	1421	36	prohibiting	prohibit	VERB
ftr-365	1421	37	“	"	PUNCT
ftr-365	1421	38	enterprises	enterprise	NOUN
ftr-365	1421	39	which	which	PRON
ftr-365	1421	40	benefit	benefit	VERB
ftr-365	1421	41	from	from	ADP
ftr-365	1421	42	the	the	DET
ftr-365	1421	43	regime	regime	NOUN
ftr-365	1421	44	from	from	ADP
ftr-365	1421	45	operating	operate	VERB
ftr-365	1421	46	in	in	ADP
ftr-365	1421	47	the	the	DET
ftr-365	1421	48	domestic	domestic	ADJ
ftr-365	1421	49	market	market	NOUN
ftr-365	1421	50	.	.	PUNCT
ftr-365	1421	51	”	"	PUNCT
ftr-365	1422	1	324	324	NUM
ftr-365	1422	2	“	"	PUNCT
ftr-365	1422	3	non	non	ADJ
ftr-365	1422	4	-	-	NOUN
ftr-365	1422	5	transparency	transparency	NOUN
ftr-365	1422	6	”	"	PUNCT
ftr-365	1422	7	includes	include	VERB
ftr-365	1422	8	:	:	PUNCT
ftr-365	1422	9	“	"	PUNCT
ftr-365	1422	10	[	[	X
ftr-365	1422	11	(	(	PUNCT
ftr-365	1422	12	i	i	NOUN
ftr-365	1422	13	)	)	PUNCT
ftr-365	1422	14	favorable	favorable	ADJ
ftr-365	1422	15	]	]	PUNCT
ftr-365	1422	16	application	application	NOUN
ftr-365	1422	17	of	of	ADP
ftr-365	1422	18	laws	law	NOUN
ftr-365	1422	19	and	and	CCONJ
ftr-365	1422	20	regulations	regulation	NOUN
ftr-365	1422	21	,	,	PUNCT
ftr-365	1422	22	[	[	X
ftr-365	1422	23	(	(	PUNCT
ftr-365	1422	24	ii	ii	NOUN
ftr-365	1422	25	)	)	PUNCT
ftr-365	1422	26	]	]	PUNCT
ftr-365	1422	27	negotiable	negotiable	ADJ
ftr-365	1422	28	tax	tax	NOUN
ftr-365	1422	29	provisions	provision	NOUN
ftr-365	1422	30	,	,	PUNCT
ftr-365	1422	31	and	and	CCONJ
ftr-365	1422	32	[	[	X
ftr-365	1422	33	(	(	PUNCT
ftr-365	1422	34	iii	iii	NOUN
ftr-365	1422	35	)	)	PUNCT
ftr-365	1422	36	]	]	PUNCT
ftr-365	1422	37	a	a	DET
ftr-365	1422	38	failure	failure	NOUN
ftr-365	1422	39	to	to	PART
ftr-365	1422	40	make	make	VERB
ftr-365	1422	41	widely	widely	ADV
ftr-365	1422	42	available	available	ADJ
ftr-365	1422	43	administrative	administrative	ADJ
ftr-365	1422	44	practices	practice	NOUN
ftr-365	1422	45	.	.	PUNCT
ftr-365	1422	46	”	"	PUNCT
ftr-365	1423	1	325	325	NUM
ftr-365	1423	2	finally	finally	ADV
ftr-365	1423	3	,	,	PUNCT
ftr-365	1423	4	“	"	PUNCT
ftr-365	1423	5	[	[	X
ftr-365	1423	6	t]he	t]he	ADV
ftr-365	1423	7	lack	lack	NOUN
ftr-365	1423	8	of	of	ADP
ftr-365	1423	9	effective	effective	ADJ
ftr-365	1423	10	exchange	exchange	NOUN
ftr-365	1423	11	of	of	ADP
ftr-365	1423	12	information	information	NOUN
ftr-365	1423	13	in	in	ADP
ftr-365	1423	14	relation	relation	NOUN
ftr-365	1423	15	to	to	ADP
ftr-365	1423	16	taxpayers	taxpayer	NOUN
ftr-365	1423	17	benefiting	benefit	VERB
ftr-365	1423	18	from	from	ADP
ftr-365	1423	19	the	the	DET
ftr-365	1423	20	operation	operation	NOUN
ftr-365	1423	21	of	of	ADP
ftr-365	1423	22	a	a	DET
ftr-365	1423	23	preferential	preferential	ADJ
ftr-365	1423	24	tax	tax	NOUN
ftr-365	1423	25	regime	regime	NOUN
ftr-365	1423	26	is	be	AUX
ftr-365	1423	27	[	[	X
ftr-365	1423	28	also	also	ADV
ftr-365	1423	29	]	]	X
ftr-365	1423	30	a	a	DET
ftr-365	1423	31	strong	strong	ADJ
ftr-365	1423	32	indication	indication	NOUN
ftr-365	1423	33	that	that	SCONJ
ftr-365	1423	34	a	a	DET
ftr-365	1423	35	country	country	NOUN
ftr-365	1423	36	is	be	AUX
ftr-365	1423	37	engaging	engage	VERB
ftr-365	1423	38	in	in	ADP
ftr-365	1423	39	harmful	harmful	ADJ
ftr-365	1423	40	tax	tax	NOUN
ftr-365	1423	41	competition	competition	NOUN
ftr-365	1423	42	.	.	PUNCT
ftr-365	1423	43	”	"	PUNCT
ftr-365	1424	1	326	326	NUM
ftr-365	1424	2	in	in	ADP
ftr-365	1424	3	my	my	PRON
ftr-365	1424	4	view	view	NOUN
ftr-365	1424	5	,	,	PUNCT
ftr-365	1424	6	there	there	PRON
ftr-365	1424	7	is	be	VERB
ftr-365	1424	8	no	no	DET
ftr-365	1424	9	reason	reason	NOUN
ftr-365	1424	10	why	why	SCONJ
ftr-365	1424	11	country	country	NOUN
ftr-365	1424	12	d	d	X
ftr-365	1424	13	would	would	AUX
ftr-365	1424	14	not	not	PART
ftr-365	1424	15	be	be	AUX
ftr-365	1424	16	able	able	ADJ
ftr-365	1424	17	to	to	PART
ftr-365	1424	18	avoid	avoid	VERB
ftr-365	1424	19	all	all	PRON
ftr-365	1424	20	of	of	ADP
ftr-365	1424	21	these	these	DET
ftr-365	1424	22	three	three	NUM
ftr-365	1424	23	conditions	condition	NOUN
ftr-365	1424	24	.	.	PUNCT
ftr-365	1425	1	in	in	ADP
ftr-365	1425	2	fact	fact	NOUN
ftr-365	1425	3	,	,	PUNCT
ftr-365	1425	4	as	as	SCONJ
ftr-365	1425	5	illustrated	illustrate	VERB
ftr-365	1425	6	in	in	ADP
ftr-365	1425	7	table	table	NOUN
ftr-365	1425	8	3	3	NUM
ftr-365	1425	9	below	below	ADV
ftr-365	1425	10	,	,	PUNCT
ftr-365	1425	11	many	many	ADJ
ftr-365	1425	12	321	321	NUM
ftr-365	1425	13	.	.	PUNCT
ftr-365	1426	1	i	i	PRON
ftr-365	1426	2	d.	d.	PROPN
ftr-365	1426	3	at	at	ADP
ftr-365	1426	4	25	25	NUM
ftr-365	1426	5	,	,	PUNCT
ftr-365	1426	6	¶	¶	PROPN
ftr-365	1426	7	59	59	NUM
ftr-365	1426	8	.	.	PUNCT
ftr-365	1426	9	322	322	NUM
ftr-365	1426	10	.	.	PUNCT
ftr-365	1427	1	i	i	PRON
ftr-365	1427	2	d.	d.	PROPN
ftr-365	1427	3	at	at	ADP
ftr-365	1427	4	26	26	NUM
ftr-365	1427	5	,	,	PUNCT
ftr-365	1427	6	¶	¶	PROPN
ftr-365	1427	7	59	59	NUM
ftr-365	1427	8	.	.	PUNCT
ftr-365	1427	9	323	323	NUM
ftr-365	1427	10	.	.	PUNCT
ftr-365	1428	1	other	other	ADJ
ftr-365	1428	2	less	less	ADV
ftr-365	1428	3	important	important	ADJ
ftr-365	1428	4	factors	factor	NOUN
ftr-365	1428	5	identified	identify	VERB
ftr-365	1428	6	by	by	ADP
ftr-365	1428	7	the	the	DET
ftr-365	1428	8	oecd	oecd	PROPN
ftr-365	1428	9	report	report	NOUN
ftr-365	1428	10	(	(	PUNCT
ftr-365	1428	11	1998	1998	NUM
ftr-365	1428	12	)	)	PUNCT
ftr-365	1428	13	,	,	PUNCT
ftr-365	1428	14	supra	supra	PROPN
ftr-365	1428	15	note	note	NOUN
ftr-365	1428	16	1	1	NUM
ftr-365	1428	17	,	,	PUNCT
ftr-365	1428	18	include	include	VERB
ftr-365	1428	19	:	:	PUNCT
ftr-365	1428	20	[	[	X
ftr-365	1428	21	(	(	PUNCT
ftr-365	1428	22	i	i	NOUN
ftr-365	1428	23	)	)	PUNCT
ftr-365	1428	24	]	]	PUNCT
ftr-365	1428	25	an	an	DET
ftr-365	1428	26	“	"	PUNCT
ftr-365	1428	27	artificial	artificial	ADJ
ftr-365	1428	28	definition	definition	NOUN
ftr-365	1428	29	of	of	ADP
ftr-365	1428	30	the	the	DET
ftr-365	1428	31	tax	tax	NOUN
ftr-365	1428	32	base	base	NOUN
ftr-365	1428	33	;	;	PUNCT
ftr-365	1428	34	”	"	PUNCT
ftr-365	1429	1	[	[	X
ftr-365	1429	2	(	(	PUNCT
ftr-365	1429	3	ii	ii	NOUN
ftr-365	1429	4	)	)	PUNCT
ftr-365	1429	5	]	]	PUNCT
ftr-365	1429	6	a	a	DET
ftr-365	1429	7	“	"	PUNCT
ftr-365	1429	8	failure	failure	NOUN
ftr-365	1429	9	to	to	PART
ftr-365	1429	10	adhere	adhere	VERB
ftr-365	1429	11	to	to	ADP
ftr-365	1429	12	international	international	ADJ
ftr-365	1429	13	transfer	transfer	NOUN
ftr-365	1429	14	pricing	pricing	NOUN
ftr-365	1429	15	principles	principle	NOUN
ftr-365	1429	16	;	;	PUNCT
ftr-365	1429	17	”	"	PUNCT
ftr-365	1430	1	[	[	X
ftr-365	1430	2	(	(	PUNCT
ftr-365	1430	3	iii	iii	NOUN
ftr-365	1430	4	)	)	PUNCT
ftr-365	1430	5	]	]	PUNCT
ftr-365	1430	6	the	the	DET
ftr-365	1430	7	exemption	exemption	NOUN
ftr-365	1430	8	of	of	ADP
ftr-365	1430	9	foreign	foreign	ADJ
ftr-365	1430	10	source	source	NOUN
ftr-365	1430	11	income	income	NOUN
ftr-365	1430	12	from	from	ADP
ftr-365	1430	13	tax	tax	NOUN
ftr-365	1430	14	;	;	PUNCT
ftr-365	1430	15	[	[	X
ftr-365	1430	16	(	(	PUNCT
ftr-365	1430	17	iv	iv	NUM
ftr-365	1430	18	)	)	PUNCT
ftr-365	1430	19	]	]	PUNCT
ftr-365	1431	1	a	a	DET
ftr-365	1431	2	negotiable	negotiable	ADJ
ftr-365	1431	3	tax	tax	NOUN
ftr-365	1431	4	rate	rate	NOUN
ftr-365	1431	5	or	or	CCONJ
ftr-365	1431	6	base	base	NOUN
ftr-365	1431	7	;	;	PUNCT
ftr-365	1431	8	[	[	X
ftr-365	1431	9	(	(	PUNCT
ftr-365	1431	10	v	v	NOUN
ftr-365	1431	11	)	)	PUNCT
ftr-365	1431	12	]	]	PUNCT
ftr-365	1431	13	“	"	PUNCT
ftr-365	1431	14	secrecy	secrecy	NOUN
ftr-365	1431	15	provisions	provision	NOUN
ftr-365	1431	16	”	"	PUNCT
ftr-365	1431	17	such	such	ADJ
ftr-365	1431	18	as	as	ADP
ftr-365	1431	19	bank	bank	NOUN
ftr-365	1431	20	secrecy	secrecy	NOUN
ftr-365	1431	21	laws	law	NOUN
ftr-365	1431	22	or	or	CCONJ
ftr-365	1431	23	bearer	bearer	NOUN
ftr-365	1431	24	debt	debt	NOUN
ftr-365	1431	25	;	;	PUNCT
ftr-365	1431	26	(	(	PUNCT
ftr-365	1431	27	vi	vi	NOUN
ftr-365	1431	28	)	)	PUNCT
ftr-365	1431	29	membership	membership	NOUN
ftr-365	1431	30	in	in	ADP
ftr-365	1431	31	“	"	PUNCT
ftr-365	1431	32	a	a	DET
ftr-365	1431	33	wide	wide	ADJ
ftr-365	1431	34	network	network	NOUN
ftr-365	1431	35	of	of	ADP
ftr-365	1431	36	tax	tax	NOUN
ftr-365	1431	37	treaties	treaty	NOUN
ftr-365	1431	38	;	;	PUNCT
ftr-365	1431	39	”	"	PUNCT
ftr-365	1432	1	[	[	X
ftr-365	1432	2	(	(	PUNCT
ftr-365	1432	3	vii	vii	PROPN
ftr-365	1432	4	)	)	PUNCT
ftr-365	1432	5	]	]	PUNCT
ftr-365	1432	6	selfpromotion	selfpromotion	NOUN
ftr-365	1432	7	as	as	ADP
ftr-365	1432	8	“	"	PUNCT
ftr-365	1432	9	tax	tax	NOUN
ftr-365	1432	10	minimization	minimization	NOUN
ftr-365	1432	11	[	[	X
ftr-365	1432	12	sic	sic	ADJ
ftr-365	1432	13	]	]	PUNCT
ftr-365	1432	14	vehicles	vehicle	NOUN
ftr-365	1432	15	;	;	PUNCT
ftr-365	1432	16	”	"	PUNCT
ftr-365	1432	17	and	and	CCONJ
ftr-365	1432	18	[	[	X
ftr-365	1432	19	(	(	PUNCT
ftr-365	1432	20	viii	viii	NOUN
ftr-365	1432	21	)	)	PUNCT
ftr-365	1432	22	]	]	PUNCT
ftr-365	1432	23	the	the	DET
ftr-365	1432	24	“	"	PUNCT
ftr-365	1432	25	encouragement	encouragement	NOUN
ftr-365	1432	26	of	of	ADP
ftr-365	1432	27	tax	tax	NOUN
ftr-365	1432	28	-	-	PUNCT
ftr-365	1432	29	driven	drive	VERB
ftr-365	1432	30	operations	operation	NOUN
ftr-365	1432	31	.	.	PUNCT
ftr-365	1432	32	”	"	PUNCT
ftr-365	1432	33	see	see	VERB
ftr-365	1432	34	avi	avi	NOUN
ftr-365	1432	35	-	-	PUNCT
ftr-365	1432	36	yonah	yonah	NOUN
ftr-365	1432	37	(	(	PUNCT
ftr-365	1432	38	2000	2000	NUM
ftr-365	1432	39	)	)	PUNCT
ftr-365	1432	40	,	,	PUNCT
ftr-365	1432	41	supra	supra	PROPN
ftr-365	1432	42	note	note	NOUN
ftr-365	1432	43	3	3	NUM
ftr-365	1432	44	,	,	PUNCT
ftr-365	1432	45	at	at	ADP
ftr-365	1432	46	1660	1660	NUM
ftr-365	1432	47	,	,	PUNCT
ftr-365	1432	48	(	(	PUNCT
ftr-365	1432	49	quoting	quote	VERB
ftr-365	1432	50	from	from	ADP
ftr-365	1432	51	the	the	DET
ftr-365	1432	52	oecd	oecd	PROPN
ftr-365	1432	53	report	report	NOUN
ftr-365	1432	54	(	(	PUNCT
ftr-365	1432	55	1998	1998	NUM
ftr-365	1432	56	)	)	PUNCT
ftr-365	1432	57	,	,	PUNCT
ftr-365	1432	58	supra	supra	PROPN
ftr-365	1432	59	note	note	NOUN
ftr-365	1432	60	1	1	NUM
ftr-365	1432	61	at	at	ADP
ftr-365	1432	62	30	30	NUM
ftr-365	1432	63	-	-	SYM
ftr-365	1432	64	34	34	NUM
ftr-365	1432	65	,	,	PUNCT
ftr-365	1432	66	¶	¶	PROPN
ftr-365	1432	67	68	68	NUM
ftr-365	1432	68	-	-	SYM
ftr-365	1432	69	79	79	NUM
ftr-365	1432	70	.	.	PUNCT
ftr-365	1432	71	)	)	PUNCT
ftr-365	1433	1	324	324	NUM
ftr-365	1433	2	.	.	PUNCT
ftr-365	1434	1	oecd	oecd	PROPN
ftr-365	1434	2	report	report	PROPN
ftr-365	1434	3	(	(	PUNCT
ftr-365	1434	4	1998	1998	NUM
ftr-365	1434	5	)	)	PUNCT
ftr-365	1434	6	,	,	PUNCT
ftr-365	1434	7	supra	supra	PROPN
ftr-365	1434	8	note	note	NOUN
ftr-365	1434	9	1	1	NUM
ftr-365	1434	10	,	,	PUNCT
ftr-365	1434	11	at	at	ADP
ftr-365	1434	12	26	26	NUM
ftr-365	1434	13	-	-	SYM
ftr-365	1434	14	27	27	NUM
ftr-365	1434	15	,	,	PUNCT
ftr-365	1434	16	¶	¶	PROPN
ftr-365	1434	17	62	62	NUM
ftr-365	1434	18	and	and	CCONJ
ftr-365	1434	19	box	box	PROPN
ftr-365	1434	20	ii	ii	PROPN
ftr-365	1434	21	.	.	PROPN
ftr-365	1434	22	325	325	NUM
ftr-365	1434	23	.	.	PUNCT
ftr-365	1435	1	i	i	PRON
ftr-365	1435	2	d.	d.	PROPN
ftr-365	1435	3	at	at	ADP
ftr-365	1435	4	1	1	NUM
ftr-365	1435	5	,	,	PUNCT
ftr-365	1435	6	¶	¶	PROPN
ftr-365	1435	7	63	63	NUM
ftr-365	1435	8	.	.	PUNCT
ftr-365	1436	1	326	326	NUM
ftr-365	1436	2	.	.	PUNCT
ftr-365	1437	1	i	i	PRON
ftr-365	1437	2	d.	d.	PROPN
ftr-365	1437	3	2008	2008	NUM
ftr-365	1437	4	]	]	PUNCT
ftr-365	1438	1	the	the	DET
ftr-365	1438	2	case	case	NOUN
ftr-365	1438	3	for	for	ADP
ftr-365	1438	4	residency	residency	NOUN
ftr-365	1438	5	-	-	PUNCT
ftr-365	1438	6	based	base	VERB
ftr-365	1438	7	taxation	taxation	NOUN
ftr-365	1438	8	63	63	NUM
ftr-365	1438	9	countries	country	NOUN
ftr-365	1438	10	,	,	PUNCT
ftr-365	1438	11	including	include	VERB
ftr-365	1438	12	the	the	DET
ftr-365	1438	13	u.s	u.s	PROPN
ftr-365	1438	14	.	.	PROPN
ftr-365	1438	15	,	,	PUNCT
ftr-365	1438	16	that	that	PRON
ftr-365	1438	17	provide	provide	VERB
ftr-365	1438	18	for	for	ADP
ftr-365	1438	19	preferential	preferential	ADJ
ftr-365	1438	20	treatment	treatment	NOUN
ftr-365	1438	21	of	of	ADP
ftr-365	1438	22	income	income	NOUN
ftr-365	1438	23	from	from	ADP
ftr-365	1438	24	financial	financial	ADJ
ftr-365	1438	25	transaction	transaction	NOUN
ftr-365	1438	26	(	(	PUNCT
ftr-365	1438	27	i.e.	i.e.	X
ftr-365	1438	28	,	,	PUNCT
ftr-365	1438	29	fall	fall	VERB
ftr-365	1438	30	under	under	ADP
ftr-365	1438	31	condition	condition	NOUN
ftr-365	1438	32	number	number	NOUN
ftr-365	1438	33	1	1	NUM
ftr-365	1438	34	)	)	PUNCT
ftr-365	1438	35	,	,	PUNCT
ftr-365	1438	36	have	have	AUX
ftr-365	1438	37	been	be	AUX
ftr-365	1438	38	able	able	ADJ
ftr-365	1438	39	to	to	PART
ftr-365	1438	40	avoid	avoid	VERB
ftr-365	1438	41	being	be	AUX
ftr-365	1438	42	classified	classify	VERB
ftr-365	1438	43	by	by	ADP
ftr-365	1438	44	the	the	DET
ftr-365	1438	45	oecd	oecd	PROPN
ftr-365	1438	46	as	as	ADP
ftr-365	1438	47	“	"	PUNCT
ftr-365	1438	48	potentially	potentially	ADV
ftr-365	1438	49	harmful	harmful	ADJ
ftr-365	1438	50	preferential	preferential	ADJ
ftr-365	1438	51	tax	tax	NOUN
ftr-365	1438	52	regimes	regime	NOUN
ftr-365	1438	53	.	.	PUNCT
ftr-365	1438	54	”	"	PUNCT
ftr-365	1439	1	4	4	NUM
ftr-365	1439	2	.	.	PUNCT
ftr-365	1440	1	the	the	DET
ftr-365	1440	2	oecd	oecd	PROPN
ftr-365	1440	3	follow	follow	VERB
ftr-365	1440	4	-	-	PUNCT
ftr-365	1440	5	up	up	ADP
ftr-365	1440	6	report	report	NOUN
ftr-365	1440	7	(	(	PUNCT
ftr-365	1440	8	2000	2000	NUM
ftr-365	1440	9	)	)	PUNCT
ftr-365	1440	10	in	in	ADP
ftr-365	1440	11	2000	2000	NUM
ftr-365	1440	12	,	,	PUNCT
ftr-365	1440	13	the	the	DET
ftr-365	1440	14	oecd	oecd	PROPN
ftr-365	1440	15	issued	issue	VERB
ftr-365	1440	16	a	a	DET
ftr-365	1440	17	follow	follow	VERB
ftr-365	1440	18	-	-	PUNCT
ftr-365	1440	19	up	up	NOUN
ftr-365	1440	20	report	report	NOUN
ftr-365	1440	21	which	which	PRON
ftr-365	1440	22	,	,	PUNCT
ftr-365	1440	23	among	among	ADP
ftr-365	1440	24	other	other	ADJ
ftr-365	1440	25	things	thing	NOUN
ftr-365	1440	26	,	,	PUNCT
ftr-365	1440	27	identified	identify	VERB
ftr-365	1440	28	several	several	ADJ
ftr-365	1440	29	potentially	potentially	ADV
ftr-365	1440	30	harmful	harmful	ADJ
ftr-365	1440	31	preferential	preferential	ADJ
ftr-365	1440	32	tax	tax	NOUN
ftr-365	1440	33	regimes	regime	NOUN
ftr-365	1440	34	.	.	PUNCT
ftr-365	1440	35	327	327	NUM
ftr-365	1440	36	as	as	SCONJ
ftr-365	1440	37	illustrated	illustrate	VERB
ftr-365	1440	38	by	by	ADP
ftr-365	1440	39	table	table	NOUN
ftr-365	1440	40	3	3	NUM
ftr-365	1440	41	,	,	PUNCT
ftr-365	1440	42	the	the	DET
ftr-365	1440	43	list	list	NOUN
ftr-365	1440	44	of	of	ADP
ftr-365	1440	45	such	such	ADJ
ftr-365	1440	46	potentially	potentially	ADV
ftr-365	1440	47	harmful	harmful	ADJ
ftr-365	1440	48	preferential	preferential	ADJ
ftr-365	1440	49	tax	tax	NOUN
ftr-365	1440	50	regimes	regime	NOUN
ftr-365	1440	51	does	do	AUX
ftr-365	1440	52	not	not	PART
ftr-365	1440	53	include	include	VERB
ftr-365	1440	54	the	the	DET
ftr-365	1440	55	united	united	PROPN
ftr-365	1440	56	states	states	PROPN
ftr-365	1440	57	or	or	CCONJ
ftr-365	1440	58	any	any	DET
ftr-365	1440	59	other	other	ADJ
ftr-365	1440	60	jurisdiction	jurisdiction	NOUN
ftr-365	1440	61	solely	solely	ADV
ftr-365	1440	62	because	because	SCONJ
ftr-365	1440	63	it	it	PRON
ftr-365	1440	64	applies	apply	VERB
ftr-365	1440	65	any	any	PRON
ftr-365	1440	66	of	of	ADP
ftr-365	1440	67	the	the	DET
ftr-365	1440	68	three	three	NUM
ftr-365	1440	69	proposals	proposal	NOUN
ftr-365	1440	70	discussed	discuss	VERB
ftr-365	1440	71	in	in	ADP
ftr-365	1440	72	this	this	DET
ftr-365	1440	73	article	article	NOUN
ftr-365	1440	74	.	.	PUNCT
ftr-365	1441	1	328	328	NUM
ftr-365	1441	2	furthermore	furthermore	ADV
ftr-365	1441	3	,	,	PUNCT
ftr-365	1441	4	as	as	ADP
ftr-365	1441	5	of	of	ADP
ftr-365	1441	6	today	today	NOUN
ftr-365	1441	7	,	,	PUNCT
ftr-365	1441	8	none	none	NOUN
ftr-365	1441	9	of	of	ADP
ftr-365	1441	10	such	such	ADJ
ftr-365	1441	11	practices	practice	NOUN
ftr-365	1441	12	has	have	AUX
ftr-365	1441	13	been	be	AUX
ftr-365	1441	14	defined	define	VERB
ftr-365	1441	15	as	as	ADP
ftr-365	1441	16	creating	create	VERB
ftr-365	1441	17	a	a	DET
ftr-365	1441	18	potential	potential	NOUN
ftr-365	1441	19	for	for	ADP
ftr-365	1441	20	harmful	harmful	ADJ
ftr-365	1441	21	tax	tax	NOUN
ftr-365	1441	22	competition	competition	NOUN
ftr-365	1441	23	.	.	PUNCT
ftr-365	1442	1	table	table	NOUN
ftr-365	1442	2	3	3	NUM
ftr-365	1442	3	country	country	NOUN
ftr-365	1442	4	regimes	regime	NOUN
ftr-365	1443	1	[	[	X
ftr-365	1443	2	footnote	footnote	NOUN
ftr-365	1443	3	omitted	omit	VERB
ftr-365	1443	4	]	]	PUNCT
ftr-365	1443	5	insurance	insurance	NOUN
ftr-365	1443	6	australia	australia	PROPN
ftr-365	1443	7	offshore	offshore	ADV
ftr-365	1443	8	banking	banking	PROPN
ftr-365	1443	9	belgium	belgium	PROPN
ftr-365	1443	10	co	co	PROPN
ftr-365	1443	11	-	-	PROPN
ftr-365	1443	12	ordination	ordination	ADJ
ftr-365	1443	13	centres	centre	NOUN
ftr-365	1443	14	finland	finland	PROPN
ftr-365	1443	15	aland	aland	PROPN
ftr-365	1443	16	captive	captive	ADJ
ftr-365	1443	17	insurance	insurance	NOUN
ftr-365	1443	18	regime	regime	NOUN
ftr-365	1443	19	italy	italy	PROPN
ftr-365	1443	20	trieste	trieste	VERB
ftr-365	1443	21	financial	financial	ADJ
ftr-365	1443	22	services	service	NOUN
ftr-365	1443	23	and	and	CCONJ
ftr-365	1443	24	insurance	insurance	NOUN
ftr-365	1443	25	centre	centre	NOUN
ftr-365	1443	26	[	[	X
ftr-365	1443	27	footnote	footnote	NOUN
ftr-365	1443	28	omitted	omit	VERB
ftr-365	1443	29	]	]	PUNCT
ftr-365	1443	30	ireland	ireland	PROPN
ftr-365	1443	31	international	international	PROPN
ftr-365	1443	32	financial	financial	PROPN
ftr-365	1443	33	services	service	NOUN
ftr-365	1443	34	centre	centre	PROPN
ftr-365	1443	35	portugal	portugal	PROPN
ftr-365	1443	36	madeira	madeira	PROPN
ftr-365	1443	37	international	international	PROPN
ftr-365	1443	38	business	business	PROPN
ftr-365	1443	39	centre	centre	PROPN
ftr-365	1443	40	luxembourg	luxembourg	PROPN
ftr-365	1443	41	provisions	provision	NOUN
ftr-365	1443	42	for	for	ADP
ftr-365	1443	43	fluctuations	fluctuation	NOUN
ftr-365	1443	44	in	in	ADP
ftr-365	1443	45	re	re	NOUN
ftr-365	1443	46	-	-	NOUN
ftr-365	1443	47	insurance	insurance	ADJ
ftr-365	1443	48	companies	company	NOUN
ftr-365	1443	49	sweden	sweden	VERB
ftr-365	1443	50	foreign	foreign	ADJ
ftr-365	1443	51	non	non	ADJ
ftr-365	1443	52	-	-	ADJ
ftr-365	1443	53	life	life	ADJ
ftr-365	1443	54	insurance	insurance	NOUN
ftr-365	1443	55	companies	company	NOUN
ftr-365	1443	56	financing	finance	VERB
ftr-365	1443	57	and	and	CCONJ
ftr-365	1443	58	leasing	lease	VERB
ftr-365	1443	59	belgium	belgium	NOUN
ftr-365	1443	60	co	co	NOUN
ftr-365	1443	61	-	-	PROPN
ftr-365	1443	62	ordination	ordination	ADJ
ftr-365	1443	63	centres	centre	NOUN
ftr-365	1443	64	hungary	hungary	PROPN
ftr-365	1443	65	venture	venture	PROPN
ftr-365	1443	66	capital	capital	NOUN
ftr-365	1443	67	companies	company	NOUN
ftr-365	1443	68	hungary	hungary	VERB
ftr-365	1443	69	preferential	preferential	ADJ
ftr-365	1443	70	regime	regime	NOUN
ftr-365	1443	71	for	for	ADP
ftr-365	1443	72	companies	company	NOUN
ftr-365	1443	73	operating	operate	VERB
ftr-365	1443	74	abroad	abroad	ADV
ftr-365	1443	75	iceland	iceland	PROPN
ftr-365	1443	76	international	international	PROPN
ftr-365	1443	77	trading	trading	NOUN
ftr-365	1443	78	companies	company	NOUN
ftr-365	1443	79	ireland	ireland	VERB
ftr-365	1443	80	international	international	ADJ
ftr-365	1443	81	financial	financial	PROPN
ftr-365	1443	82	services	service	NOUN
ftr-365	1443	83	centre	centre	PROPN
ftr-365	1443	84	327	327	NUM
ftr-365	1443	85	.	.	PUNCT
ftr-365	1444	1	see	see	VERB
ftr-365	1444	2	oecd	oecd	PROPN
ftr-365	1444	3	report	report	PROPN
ftr-365	1444	4	(	(	PUNCT
ftr-365	1444	5	2000	2000	NUM
ftr-365	1444	6	)	)	PUNCT
ftr-365	1444	7	,	,	PUNCT
ftr-365	1444	8	supra	supra	PROPN
ftr-365	1444	9	note	note	PROPN
ftr-365	1444	10	309	309	NUM
ftr-365	1444	11	,	,	PUNCT
ftr-365	1444	12	at	at	ADP
ftr-365	1444	13	12	12	NUM
ftr-365	1444	14	,	,	PUNCT
ftr-365	1444	15	¶	¶	PROPN
ftr-365	1444	16	10	10	NUM
ftr-365	1444	17	.	.	PUNCT
ftr-365	1445	1	328	328	NUM
ftr-365	1445	2	.	.	PUNCT
ftr-365	1446	1	i	i	PRON
ftr-365	1446	2	d.	d.	PROPN
ftr-365	1446	3	supra	supra	PROPN
ftr-365	1446	4	note	note	PROPN
ftr-365	1446	5	311	311	NUM
ftr-365	1446	6	,	,	PUNCT
ftr-365	1446	7	at	at	ADP
ftr-365	1446	8	12	12	NUM
ftr-365	1446	9	-	-	SYM
ftr-365	1446	10	13	13	NUM
ftr-365	1446	11	,	,	PUNCT
ftr-365	1446	12	¶	¶	NOUN
ftr-365	1446	13	10	10	NUM
ftr-365	1446	14	-	-	SYM
ftr-365	1446	15	11	11	NUM
ftr-365	1446	16	.	.	PUNCT
ftr-365	1447	1	ireland	ireland	PROPN
ftr-365	1447	2	shannon	shannon	PROPN
ftr-365	1447	3	airport	airport	PROPN
ftr-365	1447	4	zone	zone	PROPN
ftr-365	1447	5	italy	italy	PROPN
ftr-365	1447	6	trieste	trieste	VERB
ftr-365	1447	7	financial	financial	ADJ
ftr-365	1447	8	services	service	NOUN
ftr-365	1447	9	and	and	CCONJ
ftr-365	1447	10	insurance	insurance	NOUN
ftr-365	1447	11	centre	centre	NOUN
ftr-365	1447	12	[	[	X
ftr-365	1447	13	footnote	footnote	NOUN
ftr-365	1447	14	omitted	omit	VERB
ftr-365	1447	15	]	]	PUNCT
ftr-365	1447	16	64	64	NUM
ftr-365	1447	17	florida	florida	PROPN
ftr-365	1447	18	tax	tax	NOUN
ftr-365	1447	19	review	review	NOUN
ftr-365	1447	20	[	[	X
ftr-365	1447	21	vol	vol	NOUN
ftr-365	1447	22	.	.	PUNCT
ftr-365	1447	23	9:1	9:1	NUM
ftr-365	1447	24	luxembourg	luxembourg	PROPN
ftr-365	1447	25	finance	finance	PROPN
ftr-365	1447	26	branch	branch	PROPN
ftr-365	1447	27	netherlands	netherlands	PROPN
ftr-365	1447	28	risk	risk	NOUN
ftr-365	1447	29	reserves	reserve	NOUN
ftr-365	1447	30	for	for	ADP
ftr-365	1447	31	international	international	ADJ
ftr-365	1447	32	group	group	NOUN
ftr-365	1447	33	financing	financing	PROPN
ftr-365	1447	34	netherlands	netherlands	PROPN
ftr-365	1447	35	intra	intra	ADJ
ftr-365	1447	36	-	-	ADJ
ftr-365	1447	37	group	group	ADJ
ftr-365	1447	38	finance	finance	NOUN
ftr-365	1447	39	activities	activity	NOUN
ftr-365	1447	40	netherlands	netherlands	PROPN
ftr-365	1447	41	finance	finance	PROPN
ftr-365	1447	42	branch	branch	PROPN
ftr-365	1447	43	spain	spain	PROPN
ftr-365	1447	44	basque	basque	ADJ
ftr-365	1447	45	country	country	NOUN
ftr-365	1447	46	and	and	CCONJ
ftr-365	1447	47	navarra	navarra	PROPN
ftr-365	1447	48	co	co	PROPN
ftr-365	1447	49	-	-	PROPN
ftr-365	1447	50	ordination	ordination	NOUN
ftr-365	1447	51	centres	centre	NOUN
ftr-365	1447	52	switzerland	switzerland	PROPN
ftr-365	1447	53	administrative	administrative	PROPN
ftr-365	1447	54	companies	companies	PROPN
ftr-365	1447	55	fund	fund	NOUN
ftr-365	1447	56	managers	manager	NOUN
ftr-365	1447	57	greece	greece	PROPN
ftr-365	1447	58	mutual	mutual	ADJ
ftr-365	1447	59	funds	fund	NOUN
ftr-365	1447	60	/	/	SYM
ftr-365	1447	61	portfolio	portfolio	NOUN
ftr-365	1447	62	investment	investment	NOUN
ftr-365	1447	63	companies	company	NOUN
ftr-365	1447	64	[	[	PUNCT
ftr-365	1447	65	taxation	taxation	NOUN
ftr-365	1447	66	of	of	ADP
ftr-365	1447	67	fund	fund	NOUN
ftr-365	1447	68	managers	manager	NOUN
ftr-365	1447	69	]	]	PUNCT
ftr-365	1447	70	ireland	ireland	PROPN
ftr-365	1447	71	international	international	ADJ
ftr-365	1447	72	financial	financial	PROPN
ftr-365	1447	73	services	service	NOUN
ftr-365	1447	74	centre	centre	NOUN
ftr-365	1448	1	[	[	X
ftr-365	1448	2	taxation	taxation	NOUN
ftr-365	1448	3	of	of	ADP
ftr-365	1448	4	fund	fund	NOUN
ftr-365	1448	5	managers	manager	NOUN
ftr-365	1448	6	]	]	PUNCT
ftr-365	1448	7	luxembourg	luxembourg	PROPN
ftr-365	1448	8	management	management	NOUN
ftr-365	1448	9	companies	company	NOUN
ftr-365	1448	10	[	[	PUNCT
ftr-365	1448	11	taxation	taxation	NOUN
ftr-365	1448	12	of	of	ADP
ftr-365	1448	13	management	management	NOUN
ftr-365	1448	14	companies	company	NOUN
ftr-365	1448	15	that	that	PRON
ftr-365	1448	16	manage	manage	VERB
ftr-365	1448	17	only	only	ADV
ftr-365	1448	18	one	one	NUM
ftr-365	1448	19	mutual	mutual	ADJ
ftr-365	1448	20	fund	fund	NOUN
ftr-365	1448	21	(	(	PUNCT
ftr-365	1448	22	1929	1929	NUM
ftr-365	1448	23	holdings	holding	NOUN
ftr-365	1448	24	)	)	PUNCT
ftr-365	1448	25	]	]	PUNCT
ftr-365	1449	1	portugal	portugal	PROPN
ftr-365	1449	2	madeira	madeira	PROPN
ftr-365	1449	3	international	international	PROPN
ftr-365	1449	4	business	business	NOUN
ftr-365	1449	5	centre	centre	NOUN
ftr-365	1450	1	[	[	X
ftr-365	1450	2	taxation	taxation	NOUN
ftr-365	1450	3	of	of	ADP
ftr-365	1450	4	fund	fund	NOUN
ftr-365	1450	5	managers	manager	NOUN
ftr-365	1450	6	]	]	PUNCT
ftr-365	1450	7	banking	banking	NOUN
ftr-365	1450	8	australia	australia	PROPN
ftr-365	1450	9	offshore	offshore	ADJ
ftr-365	1450	10	banking	banking	NOUN
ftr-365	1450	11	units	unit	NOUN
ftr-365	1450	12	canada	canada	PROPN
ftr-365	1450	13	international	international	PROPN
ftr-365	1450	14	banking	banking	NOUN
ftr-365	1450	15	centres	centres	PROPN
ftr-365	1450	16	ireland	ireland	PROPN
ftr-365	1450	17	international	international	PROPN
ftr-365	1450	18	financial	financial	PROPN
ftr-365	1450	19	services	services	PROPN
ftr-365	1450	20	centre	centre	PROPN
ftr-365	1450	21	italy	italy	PROPN
ftr-365	1450	22	trieste	trieste	VERB
ftr-365	1450	23	financial	financial	ADJ
ftr-365	1450	24	services	service	NOUN
ftr-365	1450	25	and	and	CCONJ
ftr-365	1450	26	insurance	insurance	NOUN
ftr-365	1450	27	centre	centre	NOUN
ftr-365	1450	28	[	[	X
ftr-365	1450	29	footnote	footnote	NOUN
ftr-365	1450	30	omitted	omit	VERB
ftr-365	1450	31	]	]	PUNCT
ftr-365	1450	32	korea	korea	PROPN
ftr-365	1450	33	offshore	offshore	ADJ
ftr-365	1450	34	activities	activity	NOUN
ftr-365	1450	35	of	of	ADP
ftr-365	1450	36	foreign	foreign	ADJ
ftr-365	1450	37	exchange	exchange	NOUN
ftr-365	1450	38	banks	bank	NOUN
ftr-365	1450	39	portugal	portugal	PROPN
ftr-365	1450	40	external	external	ADJ
ftr-365	1450	41	branches	branch	NOUN
ftr-365	1450	42	in	in	ADP
ftr-365	1450	43	the	the	DET
ftr-365	1450	44	madeira	madeira	PROPN
ftr-365	1450	45	international	international	PROPN
ftr-365	1450	46	business	business	PROPN
ftr-365	1450	47	centre	centre	PROPN
ftr-365	1450	48	turkey	turkey	PROPN
ftr-365	1450	49	istanbul	istanbul	PROPN
ftr-365	1450	50	offshore	offshore	PROPN
ftr-365	1450	51	banking	banking	NOUN
ftr-365	1450	52	regime	regime	NOUN
ftr-365	1450	53	headquarters	headquarters	NOUN
ftr-365	1450	54	regimes	regime	VERB
ftr-365	1450	55	belgium	belgium	PROPN
ftr-365	1450	56	co	co	NOUN
ftr-365	1450	57	-	-	PROPN
ftr-365	1450	58	ordination	ordination	ADJ
ftr-365	1450	59	centres	centre	NOUN
ftr-365	1450	60	france	france	PROPN
ftr-365	1450	61	headquarters	headquarters	PROPN
ftr-365	1450	62	centres	centre	VERB
ftr-365	1450	63	germany	germany	PROPN
ftr-365	1450	64	monitoring	monitoring	NOUN
ftr-365	1450	65	and	and	CCONJ
ftr-365	1450	66	co	co	ADJ
ftr-365	1450	67	-	-	ADJ
ftr-365	1450	68	ordinating	ordinating	ADJ
ftr-365	1450	69	offices	office	NOUN
ftr-365	1450	70	greece	greece	PROPN
ftr-365	1450	71	offices	office	NOUN
ftr-365	1450	72	of	of	ADP
ftr-365	1450	73	foreign	foreign	ADJ
ftr-365	1450	74	companies	company	NOUN
ftr-365	1450	75	netherlands	netherlands	VERB
ftr-365	1450	76	cost	cost	NOUN
ftr-365	1450	77	-	-	PUNCT
ftr-365	1450	78	plus	plus	NOUN
ftr-365	1450	79	ruling	rule	VERB
ftr-365	1450	80	portugal	portugal	PROPN
ftr-365	1450	81	madeira	madeira	PROPN
ftr-365	1450	82	international	international	PROPN
ftr-365	1450	83	business	business	PROPN
ftr-365	1450	84	centre	centre	PROPN
ftr-365	1450	85	spain	spain	NOUN
ftr-365	1450	86	basque	basque	ADJ
ftr-365	1450	87	country	country	NOUN
ftr-365	1450	88	and	and	CCONJ
ftr-365	1450	89	navarra	navarra	PROPN
ftr-365	1450	90	co	co	PROPN
ftr-365	1450	91	-	-	PROPN
ftr-365	1450	92	ordination	ordination	NOUN
ftr-365	1450	93	centres	centre	NOUN
ftr-365	1450	94	switzerland	switzerland	PROPN
ftr-365	1450	95	administrative	administrative	PROPN
ftr-365	1450	96	companies	companies	PROPN
ftr-365	1450	97	switzerland	switzerland	PROPN
ftr-365	1450	98	service	service	NOUN
ftr-365	1450	99	companies	company	NOUN
ftr-365	1450	100	distribution	distribution	NOUN
ftr-365	1450	101	centre	centre	NOUN
ftr-365	1450	102	regimes	regime	VERB
ftr-365	1450	103	belgium	belgium	NOUN
ftr-365	1450	104	distribution	distribution	NOUN
ftr-365	1450	105	centres	centre	NOUN
ftr-365	1450	106	2008	2008	NUM
ftr-365	1450	107	]	]	PUNCT
ftr-365	1451	1	the	the	DET
ftr-365	1451	2	case	case	NOUN
ftr-365	1451	3	for	for	ADP
ftr-365	1451	4	residency	residency	NOUN
ftr-365	1451	5	-	-	PUNCT
ftr-365	1451	6	based	base	VERB
ftr-365	1451	7	taxation	taxation	NOUN
ftr-365	1451	8	65	65	NUM
ftr-365	1451	9	france	france	PROPN
ftr-365	1451	10	logistics	logistic	NOUN
ftr-365	1451	11	centres	centre	NOUN
ftr-365	1451	12	netherlands	netherlands	PROPN
ftr-365	1451	13	cost	cost	NOUN
ftr-365	1451	14	-	-	PUNCT
ftr-365	1451	15	plus	plus	NOUN
ftr-365	1451	16	/	/	SYM
ftr-365	1451	17	resale	resale	NOUN
ftr-365	1451	18	minus	minus	ADP
ftr-365	1451	19	ruling	rule	VERB
ftr-365	1451	20	turkey	turkey	NOUN
ftr-365	1451	21	turkish	turkish	ADJ
ftr-365	1451	22	free	free	ADJ
ftr-365	1451	23	zones	zone	NOUN
ftr-365	1451	24	service	service	NOUN
ftr-365	1451	25	centre	centre	NOUN
ftr-365	1451	26	regimes	regime	VERB
ftr-365	1451	27	belgium	belgium	PROPN
ftr-365	1451	28	service	service	PROPN
ftr-365	1451	29	centres	centres	PROPN
ftr-365	1451	30	netherlands	netherlands	PROPN
ftr-365	1451	31	cost	cost	NOUN
ftr-365	1451	32	-	-	PUNCT
ftr-365	1451	33	plus	plus	CCONJ
ftr-365	1451	34	ruling	rule	VERB
ftr-365	1451	35	shipping	shipping	NOUN
ftr-365	1452	1	[	[	X
ftr-365	1452	2	footnote	footnote	NOUN
ftr-365	1452	3	omitted	omit	VERB
ftr-365	1452	4	]	]	PUNCT
ftr-365	1452	5	canada	canada	PROPN
ftr-365	1452	6	international	international	PROPN
ftr-365	1452	7	shipping	shipping	PROPN
ftr-365	1452	8	germany	germany	PROPN
ftr-365	1452	9	international	international	PROPN
ftr-365	1452	10	shipping	shipping	PROPN
ftr-365	1452	11	greece	greece	PROPN
ftr-365	1452	12	shipping	shipping	PROPN
ftr-365	1452	13	offices	office	NOUN
ftr-365	1452	14	greece	greece	PROPN
ftr-365	1452	15	shipping	shipping	PROPN
ftr-365	1452	16	regime	regime	NOUN
ftr-365	1452	17	(	(	PUNCT
ftr-365	1452	18	law	law	NOUN
ftr-365	1452	19	27/75	27/75	NUM
ftr-365	1452	20	)	)	PUNCT
ftr-365	1452	21	italy	italy	PROPN
ftr-365	1452	22	international	international	PROPN
ftr-365	1452	23	shipping	shipping	PROPN
ftr-365	1452	24	netherlands	netherlands	PROPN
ftr-365	1452	25	international	international	PROPN
ftr-365	1452	26	shipping	shipping	PROPN
ftr-365	1452	27	norway	norway	PROPN
ftr-365	1452	28	international	international	PROPN
ftr-365	1452	29	shipping	shipping	PROPN
ftr-365	1452	30	portugal	portugal	PROPN
ftr-365	1452	31	international	international	ADJ
ftr-365	1452	32	shipping	shipping	NOUN
ftr-365	1452	33	register	register	NOUN
ftr-365	1452	34	of	of	ADP
ftr-365	1452	35	madeira	madeira	PROPN
ftr-365	1452	36	miscellaneous	miscellaneous	ADJ
ftr-365	1452	37	activities	activity	NOUN
ftr-365	1452	38	belgium	belgium	NOUN
ftr-365	1452	39	ruling	rule	VERB
ftr-365	1452	40	on	on	ADP
ftr-365	1452	41	informal	informal	ADJ
ftr-365	1452	42	capital	capital	NOUN
ftr-365	1452	43	belgium	belgium	NOUN
ftr-365	1452	44	ruling	ruling	NOUN
ftr-365	1452	45	on	on	ADP
ftr-365	1452	46	foreign	foreign	ADJ
ftr-365	1452	47	sales	sale	NOUN
ftr-365	1452	48	corporation	corporation	NOUN
ftr-365	1452	49	activities	activitie	VERB
ftr-365	1452	50	canada	canada	PROPN
ftr-365	1452	51	non	non	ADJ
ftr-365	1452	52	-	-	ADJ
ftr-365	1452	53	resident	resident	ADJ
ftr-365	1452	54	owned	own	VERB
ftr-365	1452	55	investment	investment	NOUN
ftr-365	1452	56	corporations	corporation	NOUN
ftr-365	1452	57	netherlands	netherland	VERB
ftr-365	1452	58	ruling	rule	VERB
ftr-365	1452	59	on	on	ADP
ftr-365	1452	60	informal	informal	ADJ
ftr-365	1452	61	capital	capital	NOUN
ftr-365	1452	62	netherlands	netherland	NOUN
ftr-365	1452	63	ruling	rule	VERB
ftr-365	1452	64	on	on	ADP
ftr-365	1452	65	foreign	foreign	ADJ
ftr-365	1452	66	sales	sale	NOUN
ftr-365	1452	67	corporation	corporation	NOUN
ftr-365	1452	68	activities	activity	NOUN
ftr-365	1452	69	united	unite	VERB
ftr-365	1452	70	states	states	PROPN
ftr-365	1452	71	foreign	foreign	ADJ
ftr-365	1452	72	sales	sale	NOUN
ftr-365	1452	73	corporations	corporation	NOUN
ftr-365	1452	74	c.	c.	PROPN
ftr-365	1452	75	summary	summary	NOUN
ftr-365	1452	76	to	to	PART
ftr-365	1452	77	summarize	summarize	VERB
ftr-365	1452	78	,	,	PUNCT
ftr-365	1452	79	my	my	PRON
ftr-365	1452	80	proposed	propose	VERB
ftr-365	1452	81	regime	regime	NOUN
ftr-365	1452	82	for	for	ADP
ftr-365	1452	83	country	country	NOUN
ftr-365	1452	84	d	d	AUX
ftr-365	1452	85	should	should	AUX
ftr-365	1452	86	not	not	PART
ftr-365	1452	87	constitute	constitute	VERB
ftr-365	1452	88	“	"	PUNCT
ftr-365	1452	89	harmful	harmful	ADJ
ftr-365	1452	90	tax	tax	NOUN
ftr-365	1452	91	competition	competition	NOUN
ftr-365	1452	92	”	"	PUNCT
ftr-365	1452	93	for	for	ADP
ftr-365	1452	94	several	several	ADJ
ftr-365	1452	95	reasons	reason	NOUN
ftr-365	1452	96	.	.	PUNCT
ftr-365	1453	1	first	first	ADV
ftr-365	1453	2	,	,	PUNCT
ftr-365	1453	3	as	as	SCONJ
ftr-365	1453	4	discussed	discuss	VERB
ftr-365	1453	5	above	above	ADV
ftr-365	1453	6	,	,	PUNCT
ftr-365	1453	7	taxation	taxation	NOUN
ftr-365	1453	8	of	of	ADP
ftr-365	1453	9	passive	passive	ADJ
ftr-365	1453	10	income	income	NOUN
ftr-365	1453	11	by	by	ADP
ftr-365	1453	12	the	the	DET
ftr-365	1453	13	residency	residency	NOUN
ftr-365	1453	14	country	country	NOUN
ftr-365	1453	15	rather	rather	ADV
ftr-365	1453	16	than	than	ADP
ftr-365	1453	17	the	the	DET
ftr-365	1453	18	source	source	NOUN
ftr-365	1453	19	country	country	NOUN
ftr-365	1453	20	is	be	AUX
ftr-365	1453	21	consistent	consistent	ADJ
ftr-365	1453	22	with	with	ADP
ftr-365	1453	23	the	the	DET
ftr-365	1453	24	principles	principle	NOUN
ftr-365	1453	25	set	set	VERB
ftr-365	1453	26	forth	forth	ADP
ftr-365	1453	27	by	by	ADP
ftr-365	1453	28	the	the	DET
ftr-365	1453	29	league	league	NOUN
ftr-365	1453	30	of	of	ADP
ftr-365	1453	31	nations	nation	NOUN
ftr-365	1453	32	in	in	ADP
ftr-365	1453	33	both	both	CCONJ
ftr-365	1453	34	the	the	DET
ftr-365	1453	35	1923	1923	NUM
ftr-365	1453	36	report	report	NOUN
ftr-365	1453	37	and	and	CCONJ
ftr-365	1453	38	the	the	DET
ftr-365	1453	39	1928	1928	NUM
ftr-365	1453	40	treaty	treaty	NOUN
ftr-365	1453	41	model	model	NOUN
ftr-365	1453	42	.	.	PUNCT
ftr-365	1454	1	this	this	DET
ftr-365	1454	2	regime	regime	NOUN
ftr-365	1454	3	is	be	AUX
ftr-365	1454	4	an	an	DET
ftr-365	1454	5	integral	integral	ADJ
ftr-365	1454	6	part	part	NOUN
ftr-365	1454	7	of	of	ADP
ftr-365	1454	8	the	the	DET
ftr-365	1454	9	“	"	PUNCT
ftr-365	1454	10	international	international	ADJ
ftr-365	1454	11	tax	tax	NOUN
ftr-365	1454	12	regime	regime	NOUN
ftr-365	1454	13	”	"	PUNCT
ftr-365	1454	14	and	and	CCONJ
ftr-365	1454	15	has	have	AUX
ftr-365	1454	16	become	become	VERB
ftr-365	1454	17	so	so	ADV
ftr-365	1454	18	fundamental	fundamental	ADJ
ftr-365	1454	19	in	in	ADP
ftr-365	1454	20	domestic	domestic	ADJ
ftr-365	1454	21	laws	law	NOUN
ftr-365	1454	22	,	,	PUNCT
ftr-365	1454	23	as	as	ADV
ftr-365	1454	24	well	well	ADV
ftr-365	1454	25	as	as	ADP
ftr-365	1454	26	tax	tax	NOUN
ftr-365	1454	27	treaties	treaty	NOUN
ftr-365	1454	28	,	,	PUNCT
ftr-365	1454	29	that	that	SCONJ
ftr-365	1454	30	it	it	PRON
ftr-365	1454	31	is	be	AUX
ftr-365	1454	32	hard	hard	ADJ
ftr-365	1454	33	to	to	PART
ftr-365	1454	34	classify	classify	VERB
ftr-365	1454	35	it	it	PRON
ftr-365	1454	36	as	as	ADP
ftr-365	1454	37	a	a	DET
ftr-365	1454	38	“	"	PUNCT
ftr-365	1454	39	harmful	harmful	ADJ
ftr-365	1454	40	”	"	PUNCT
ftr-365	1454	41	regime	regime	NOUN
ftr-365	1454	42	.	.	PUNCT
ftr-365	1455	1	second	second	ADJ
ftr-365	1455	2	,	,	PUNCT
ftr-365	1455	3	as	as	SCONJ
ftr-365	1455	4	set	set	VERB
ftr-365	1455	5	forth	forth	ADV
ftr-365	1455	6	above	above	ADV
ftr-365	1455	7	,	,	PUNCT
ftr-365	1455	8	the	the	DET
ftr-365	1455	9	oecd	oecd	PROPN
ftr-365	1455	10	report	report	NOUN
ftr-365	1455	11	(	(	PUNCT
ftr-365	1455	12	1998	1998	NUM
ftr-365	1455	13	)	)	PUNCT
ftr-365	1455	14	contains	contain	VERB
ftr-365	1455	15	several	several	ADJ
ftr-365	1455	16	elements	element	NOUN
ftr-365	1455	17	,	,	PUNCT
ftr-365	1455	18	the	the	DET
ftr-365	1455	19	existence	existence	NOUN
ftr-365	1455	20	of	of	ADP
ftr-365	1455	21	which	which	PRON
ftr-365	1455	22	could	could	AUX
ftr-365	1455	23	result	result	VERB
ftr-365	1455	24	in	in	ADP
ftr-365	1455	25	classifying	classify	VERB
ftr-365	1455	26	the	the	DET
ftr-365	1455	27	tested	test	VERB
ftr-365	1455	28	tax	tax	NOUN
ftr-365	1455	29	regime	regime	NOUN
ftr-365	1455	30	as	as	ADP
ftr-365	1455	31	a	a	DET
ftr-365	1455	32	potential	potential	ADJ
ftr-365	1455	33	harmful	harmful	ADJ
ftr-365	1455	34	preferential	preferential	ADJ
ftr-365	1455	35	tax	tax	NOUN
ftr-365	1455	36	regime	regime	NOUN
ftr-365	1455	37	.	.	PUNCT
ftr-365	1456	1	the	the	DET
ftr-365	1456	2	list	list	NOUN
ftr-365	1456	3	included	include	VERB
ftr-365	1456	4	four	four	NUM
ftr-365	1456	5	factors	factor	NOUN
ftr-365	1456	6	and	and	CCONJ
ftr-365	1456	7	the	the	DET
ftr-365	1456	8	existence	existence	NOUN
ftr-365	1456	9	of	of	ADP
ftr-365	1456	10	the	the	DET
ftr-365	1456	11	first	first	ADJ
ftr-365	1456	12	one	one	NUM
ftr-365	1456	13	plus	plus	CCONJ
ftr-365	1456	14	any	any	PRON
ftr-365	1456	15	of	of	ADP
ftr-365	1456	16	the	the	DET
ftr-365	1456	17	other	other	ADJ
ftr-365	1456	18	three	three	NUM
ftr-365	1456	19	could	could	AUX
ftr-365	1456	20	result	result	VERB
ftr-365	1456	21	in	in	ADP
ftr-365	1456	22	classifying	classify	VERB
ftr-365	1456	23	the	the	DET
ftr-365	1456	24	tax	tax	NOUN
ftr-365	1456	25	regime	regime	NOUN
ftr-365	1456	26	as	as	ADP
ftr-365	1456	27	a	a	DET
ftr-365	1456	28	potential	potential	ADJ
ftr-365	1456	29	harmful	harmful	ADJ
ftr-365	1456	30	preferential	preferential	ADJ
ftr-365	1456	31	tax	tax	NOUN
ftr-365	1456	32	regime	regime	NOUN
ftr-365	1456	33	.	.	PUNCT
ftr-365	1457	1	nevertheless	nevertheless	ADV
ftr-365	1457	2	,	,	PUNCT
ftr-365	1457	3	in	in	ADP
ftr-365	1457	4	my	my	PRON
ftr-365	1457	5	view	view	NOUN
ftr-365	1457	6	,	,	PUNCT
ftr-365	1457	7	while	while	SCONJ
ftr-365	1457	8	country	country	NOUN
ftr-365	1457	9	d	d	NOUN
ftr-365	1457	10	would	would	AUX
ftr-365	1457	11	most	most	ADV
ftr-365	1457	12	likely	likely	ADV
ftr-365	1457	13	satisfy	satisfy	VERB
ftr-365	1457	14	the	the	DET
ftr-365	1457	15	first	first	ADJ
ftr-365	1457	16	prong	prong	NOUN
ftr-365	1457	17	,	,	PUNCT
ftr-365	1457	18	it	it	PRON
ftr-365	1457	19	could	could	AUX
ftr-365	1457	20	easily	easily	ADV
ftr-365	1457	21	avoid	avoid	VERB
ftr-365	1457	22	falling	fall	VERB
ftr-365	1457	23	under	under	ADP
ftr-365	1457	24	any	any	PRON
ftr-365	1457	25	of	of	ADP
ftr-365	1457	26	the	the	DET
ftr-365	1457	27	other	other	ADJ
ftr-365	1457	28	three	three	NUM
ftr-365	1457	29	elements	element	NOUN
ftr-365	1457	30	.	.	PUNCT
ftr-365	1458	1	my	my	PRON
ftr-365	1458	2	recommendation	recommendation	NOUN
ftr-365	1458	3	,	,	PUNCT
ftr-365	1458	4	of	of	ADP
ftr-365	1458	5	66	66	NUM
ftr-365	1458	6	florida	florida	PROPN
ftr-365	1458	7	tax	tax	NOUN
ftr-365	1458	8	review	review	NOUN
ftr-365	1458	9	[	[	X
ftr-365	1458	10	vol	vol	NOUN
ftr-365	1458	11	.	.	PUNCT
ftr-365	1459	1	9:1	9:1	NUM
ftr-365	1459	2	course	course	NOUN
ftr-365	1459	3	,	,	PUNCT
ftr-365	1459	4	would	would	AUX
ftr-365	1459	5	be	be	AUX
ftr-365	1459	6	to	to	PART
ftr-365	1459	7	ensure	ensure	VERB
ftr-365	1459	8	that	that	SCONJ
ftr-365	1459	9	none	none	NOUN
ftr-365	1459	10	of	of	ADP
ftr-365	1459	11	these	these	DET
ftr-365	1459	12	three	three	NUM
ftr-365	1459	13	elements	element	NOUN
ftr-365	1459	14	exist	exist	VERB
ftr-365	1459	15	in	in	ADP
ftr-365	1459	16	country	country	PROPN
ftr-365	1459	17	d.	d.	PROPN
ftr-365	1459	18	third	third	PROPN
ftr-365	1459	19	,	,	PUNCT
ftr-365	1459	20	the	the	DET
ftr-365	1459	21	portfolio	portfolio	NOUN
ftr-365	1459	22	interest	interest	NOUN
ftr-365	1459	23	exemption	exemption	NOUN
ftr-365	1459	24	has	have	AUX
ftr-365	1459	25	never	never	ADV
ftr-365	1459	26	been	be	AUX
ftr-365	1459	27	described	describe	VERB
ftr-365	1459	28	by	by	ADP
ftr-365	1459	29	the	the	DET
ftr-365	1459	30	oecd	oecd	PROPN
ftr-365	1459	31	as	as	ADP
ftr-365	1459	32	creating	create	VERB
ftr-365	1459	33	harmful	harmful	ADJ
ftr-365	1459	34	tax	tax	NOUN
ftr-365	1459	35	competition	competition	NOUN
ftr-365	1459	36	.	.	PUNCT
ftr-365	1460	1	329	329	NUM
ftr-365	1461	1	furthermore	furthermore	ADV
ftr-365	1461	2	,	,	PUNCT
ftr-365	1461	3	the	the	DET
ftr-365	1461	4	oecd	oecd	PROPN
ftr-365	1461	5	report	report	NOUN
ftr-365	1461	6	(	(	PUNCT
ftr-365	1461	7	2000	2000	NUM
ftr-365	1461	8	)	)	PUNCT
ftr-365	1461	9	,	,	PUNCT
ftr-365	1461	10	which	which	PRON
ftr-365	1461	11	identified	identify	VERB
ftr-365	1461	12	various	various	ADJ
ftr-365	1461	13	tax	tax	NOUN
ftr-365	1461	14	regimes	regime	NOUN
ftr-365	1461	15	as	as	ADP
ftr-365	1461	16	tax	tax	NOUN
ftr-365	1461	17	havens	haven	NOUN
ftr-365	1461	18	or	or	CCONJ
ftr-365	1461	19	potential	potential	ADJ
ftr-365	1461	20	harmful	harmful	ADJ
ftr-365	1461	21	preferential	preferential	ADJ
ftr-365	1461	22	tax	tax	NOUN
ftr-365	1461	23	regimes	regime	NOUN
ftr-365	1461	24	,	,	PUNCT
ftr-365	1461	25	has	have	AUX
ftr-365	1461	26	not	not	PART
ftr-365	1461	27	identified	identify	VERB
ftr-365	1461	28	any	any	PRON
ftr-365	1461	29	of	of	ADP
ftr-365	1461	30	the	the	DET
ftr-365	1461	31	three	three	NUM
ftr-365	1461	32	proposals	proposal	NOUN
ftr-365	1461	33	set	set	VERB
ftr-365	1461	34	forth	forth	ADP
ftr-365	1461	35	in	in	ADP
ftr-365	1461	36	this	this	DET
ftr-365	1461	37	article	article	NOUN
ftr-365	1461	38	as	as	ADP
ftr-365	1461	39	creating	create	VERB
ftr-365	1461	40	harmful	harmful	ADJ
ftr-365	1461	41	tax	tax	NOUN
ftr-365	1461	42	competition	competition	NOUN
ftr-365	1461	43	.	.	PUNCT
ftr-365	1462	1	330	330	NUM
ftr-365	1462	2	finally	finally	ADV
ftr-365	1462	3	,	,	PUNCT
ftr-365	1462	4	the	the	DET
ftr-365	1462	5	oecd	oecd	PROPN
ftr-365	1462	6	report	report	NOUN
ftr-365	1462	7	(	(	PUNCT
ftr-365	1462	8	1998	1998	NUM
ftr-365	1462	9	)	)	PUNCT
ftr-365	1462	10	acknowledged	acknowledge	VERB
ftr-365	1462	11	that	that	SCONJ
ftr-365	1462	12	developing	develop	VERB
ftr-365	1462	13	countries	country	NOUN
ftr-365	1462	14	may	may	AUX
ftr-365	1462	15	have	have	VERB
ftr-365	1462	16	valid	valid	ADJ
ftr-365	1462	17	reasons	reason	NOUN
ftr-365	1462	18	to	to	PART
ftr-365	1462	19	provide	provide	VERB
ftr-365	1462	20	tax	tax	NOUN
ftr-365	1462	21	incentives	incentive	NOUN
ftr-365	1462	22	to	to	ADP
ftr-365	1462	23	foreign	foreign	ADJ
ftr-365	1462	24	investors	investor	NOUN
ftr-365	1462	25	even	even	ADV
ftr-365	1462	26	if	if	SCONJ
ftr-365	1462	27	such	such	ADJ
ftr-365	1462	28	policy	policy	NOUN
ftr-365	1462	29	may	may	AUX
ftr-365	1462	30	be	be	AUX
ftr-365	1462	31	viewed	view	VERB
ftr-365	1462	32	as	as	ADP
ftr-365	1462	33	engaging	engage	VERB
ftr-365	1462	34	in	in	ADP
ftr-365	1462	35	tax	tax	NOUN
ftr-365	1462	36	competition	competition	NOUN
ftr-365	1462	37	.	.	PUNCT
ftr-365	1463	1	331	331	NUM
ftr-365	1463	2	specifically	specifically	ADV
ftr-365	1463	3	,	,	PUNCT
ftr-365	1463	4	the	the	DET
ftr-365	1463	5	oecd	oecd	PROPN
ftr-365	1463	6	report	report	NOUN
ftr-365	1463	7	(	(	PUNCT
ftr-365	1463	8	1998	1998	NUM
ftr-365	1463	9	)	)	PUNCT
ftr-365	1463	10	stated	state	VERB
ftr-365	1463	11	that	that	SCONJ
ftr-365	1463	12	“	"	PUNCT
ftr-365	1463	13	countries	country	NOUN
ftr-365	1463	14	with	with	ADP
ftr-365	1463	15	specific	specific	ADJ
ftr-365	1463	16	structural	structural	ADJ
ftr-365	1463	17	disadvantages	disadvantage	NOUN
ftr-365	1463	18	,	,	PUNCT
ftr-365	1463	19	such	such	ADJ
ftr-365	1463	20	as	as	ADP
ftr-365	1463	21	poor	poor	ADJ
ftr-365	1463	22	geographical	geographical	ADJ
ftr-365	1463	23	location	location	NOUN
ftr-365	1463	24	,	,	PUNCT
ftr-365	1463	25	lack	lack	NOUN
ftr-365	1463	26	of	of	ADP
ftr-365	1463	27	natural	natural	ADJ
ftr-365	1463	28	resources	resource	NOUN
ftr-365	1463	29	,	,	PUNCT
ftr-365	1463	30	etc	etc	X
ftr-365	1463	31	.	.	X
ftr-365	1463	32	,	,	PUNCT
ftr-365	1463	33	frequently	frequently	ADV
ftr-365	1463	34	consider	consider	VERB
ftr-365	1463	35	that	that	DET
ftr-365	1463	36	special	special	ADJ
ftr-365	1463	37	tax	tax	NOUN
ftr-365	1463	38	incentives	incentive	NOUN
ftr-365	1463	39	or	or	CCONJ
ftr-365	1463	40	tax	tax	NOUN
ftr-365	1463	41	regimes	regime	NOUN
ftr-365	1463	42	are	be	AUX
ftr-365	1463	43	necessary	necessary	ADJ
ftr-365	1463	44	to	to	PART
ftr-365	1463	45	offset	offset	VERB
ftr-365	1463	46	non	non	ADJ
ftr-365	1463	47	-	-	ADJ
ftr-365	1463	48	tax	tax	ADJ
ftr-365	1463	49	disadvantages	disadvantage	NOUN
ftr-365	1463	50	,	,	PUNCT
ftr-365	1463	51	including	include	VERB
ftr-365	1463	52	any	any	DET
ftr-365	1463	53	additional	additional	ADJ
ftr-365	1463	54	cost	cost	NOUN
ftr-365	1463	55	from	from	ADP
ftr-365	1463	56	locating	locate	VERB
ftr-365	1463	57	in	in	ADP
ftr-365	1463	58	such	such	ADJ
ftr-365	1463	59	areas	area	NOUN
ftr-365	1463	60	.	.	PUNCT
ftr-365	1463	61	”	"	PUNCT
ftr-365	1464	1	332	332	NUM
ftr-365	1464	2	v.	v.	ADP
ftr-365	1464	3	conclusion	conclusion	NOUN
ftr-365	1464	4	developing	develop	VERB
ftr-365	1464	5	countries	country	NOUN
ftr-365	1464	6	typically	typically	ADV
ftr-365	1464	7	struggle	struggle	VERB
ftr-365	1464	8	between	between	ADP
ftr-365	1464	9	the	the	DET
ftr-365	1464	10	need	need	NOUN
ftr-365	1464	11	to	to	PART
ftr-365	1464	12	raise	raise	VERB
ftr-365	1464	13	tax	tax	NOUN
ftr-365	1464	14	revenue	revenue	NOUN
ftr-365	1464	15	and	and	CCONJ
ftr-365	1464	16	the	the	DET
ftr-365	1464	17	need	need	NOUN
ftr-365	1464	18	to	to	PART
ftr-365	1464	19	attract	attract	VERB
ftr-365	1464	20	foreign	foreign	ADJ
ftr-365	1464	21	investors	investor	NOUN
ftr-365	1464	22	.	.	PUNCT
ftr-365	1465	1	333	333	NUM
ftr-365	1465	2	the	the	DET
ftr-365	1465	3	decision	decision	NOUN
ftr-365	1465	4	is	be	AUX
ftr-365	1465	5	even	even	ADV
ftr-365	1465	6	harder	hard	ADJ
ftr-365	1465	7	in	in	ADP
ftr-365	1465	8	the	the	DET
ftr-365	1465	9	case	case	NOUN
ftr-365	1465	10	of	of	ADP
ftr-365	1465	11	financial	financial	ADJ
ftr-365	1465	12	investments	investment	NOUN
ftr-365	1465	13	that	that	PRON
ftr-365	1465	14	are	be	AUX
ftr-365	1465	15	not	not	PART
ftr-365	1465	16	only	only	ADV
ftr-365	1465	17	highly	highly	ADV
ftr-365	1465	18	mobile	mobile	ADJ
ftr-365	1465	19	but	but	CCONJ
ftr-365	1465	20	also	also	ADV
ftr-365	1465	21	sensitive	sensitive	ADJ
ftr-365	1465	22	to	to	ADP
ftr-365	1465	23	taxation	taxation	NOUN
ftr-365	1465	24	.	.	PUNCT
ftr-365	1466	1	withholding	withhold	VERB
ftr-365	1466	2	taxes	taxis	NOUN
ftr-365	1466	3	has	have	VERB
ftr-365	1466	4	the	the	DET
ftr-365	1466	5	same	same	ADJ
ftr-365	1466	6	effect	effect	NOUN
ftr-365	1466	7	as	as	ADP
ftr-365	1466	8	tariffs	tariff	NOUN
ftr-365	1466	9	by	by	ADP
ftr-365	1466	10	virtue	virtue	NOUN
ftr-365	1466	11	of	of	ADP
ftr-365	1466	12	raising	raise	VERB
ftr-365	1466	13	the	the	DET
ftr-365	1466	14	domestic	domestic	ADJ
ftr-365	1466	15	costs	cost	NOUN
ftr-365	1466	16	of	of	ADP
ftr-365	1466	17	capital	capital	NOUN
ftr-365	1466	18	.	.	PUNCT
ftr-365	1467	1	334	334	NUM
ftr-365	1467	2	as	as	SCONJ
ftr-365	1467	3	this	this	DET
ftr-365	1467	4	article	article	NOUN
ftr-365	1467	5	concludes	conclude	VERB
ftr-365	1467	6	,	,	PUNCT
ftr-365	1467	7	residency	residency	NOUN
ftr-365	1467	8	-	-	PUNCT
ftr-365	1467	9	based	base	VERB
ftr-365	1467	10	taxation	taxation	NOUN
ftr-365	1467	11	for	for	ADP
ftr-365	1467	12	financial	financial	ADJ
ftr-365	1467	13	transaction	transaction	NOUN
ftr-365	1467	14	is	be	AUX
ftr-365	1467	15	recommended	recommend	VERB
ftr-365	1467	16	to	to	ADP
ftr-365	1467	17	developing	develop	VERB
ftr-365	1467	18	countries	country	NOUN
ftr-365	1467	19	for	for	ADP
ftr-365	1467	20	the	the	DET
ftr-365	1467	21	following	follow	VERB
ftr-365	1467	22	reasons	reason	NOUN
ftr-365	1467	23	:	:	PUNCT
ftr-365	1467	24	(	(	PUNCT
ftr-365	1467	25	i	i	NOUN
ftr-365	1467	26	)	)	PUNCT
ftr-365	1467	27	globalization	globalization	NOUN
ftr-365	1467	28	and	and	CCONJ
ftr-365	1467	29	mobility	mobility	NOUN
ftr-365	1467	30	of	of	ADP
ftr-365	1467	31	capital	capital	NOUN
ftr-365	1467	32	,	,	PUNCT
ftr-365	1467	33	(	(	PUNCT
ftr-365	1467	34	ii	ii	NOUN
ftr-365	1467	35	)	)	PUNCT
ftr-365	1467	36	harmonization	harmonization	NOUN
ftr-365	1467	37	of	of	ADP
ftr-365	1467	38	the	the	DET
ftr-365	1467	39	tax	tax	NOUN
ftr-365	1467	40	system	system	NOUN
ftr-365	1467	41	with	with	ADP
ftr-365	1467	42	that	that	PRON
ftr-365	1467	43	existing	exist	VERB
ftr-365	1467	44	in	in	ADP
ftr-365	1467	45	developed	develop	VERB
ftr-365	1467	46	countries	country	NOUN
ftr-365	1467	47	and	and	CCONJ
ftr-365	1467	48	participating	participate	VERB
ftr-365	1467	49	in	in	ADP
ftr-365	1467	50	tax	tax	NOUN
ftr-365	1467	51	treaties	treaty	NOUN
ftr-365	1467	52	,	,	PUNCT
ftr-365	1467	53	and	and	CCONJ
ftr-365	1467	54	(	(	PUNCT
ftr-365	1467	55	iii	iii	NOUN
ftr-365	1467	56	)	)	PUNCT
ftr-365	1467	57	promoting	promote	VERB
ftr-365	1467	58	equity	equity	NOUN
ftr-365	1467	59	,	,	PUNCT
ftr-365	1467	60	efficiency	efficiency	NOUN
ftr-365	1467	61	and	and	CCONJ
ftr-365	1467	62	simplicity	simplicity	NOUN
ftr-365	1467	63	.	.	PUNCT
ftr-365	1468	1	my	my	PRON
ftr-365	1468	2	proposed	propose	VERB
ftr-365	1468	3	regime	regime	NOUN
ftr-365	1468	4	will	will	AUX
ftr-365	1468	5	speed	speed	VERB
ftr-365	1468	6	up	up	ADP
ftr-365	1468	7	country	country	NOUN
ftr-365	1468	8	d	d	NOUN
ftr-365	1468	9	’s	’s	PART
ftr-365	1468	10	integration	integration	NOUN
ftr-365	1468	11	in	in	ADP
ftr-365	1468	12	the	the	DET
ftr-365	1468	13	329	329	NUM
ftr-365	1468	14	.	.	PUNCT
ftr-365	1469	1	cf	cf	NOUN
ftr-365	1469	2	.	.	PUNCT
ftr-365	1470	1	marshall	marshall	PROPN
ftr-365	1470	2	j.	j.	PROPN
ftr-365	1470	3	langer	langer	PROPN
ftr-365	1470	4	,	,	PUNCT
ftr-365	1470	5	harmful	harmful	ADJ
ftr-365	1470	6	tax	tax	NOUN
ftr-365	1470	7	competition	competition	NOUN
ftr-365	1470	8	:	:	PUNCT
ftr-365	1470	9	who	who	PRON
ftr-365	1470	10	are	be	AUX
ftr-365	1470	11	the	the	DET
ftr-365	1470	12	real	real	ADJ
ftr-365	1470	13	tax	tax	NOUN
ftr-365	1470	14	havens	haven	NOUN
ftr-365	1470	15	?	?	PUNCT
ftr-365	1470	16	,	,	PUNCT
ftr-365	1470	17	90	90	NUM
ftr-365	1470	18	tax	tax	NOUN
ftr-365	1470	19	notes	note	NOUN
ftr-365	1470	20	665	665	NUM
ftr-365	1470	21	,	,	PUNCT
ftr-365	1470	22	668	668	NUM
ftr-365	1470	23	-	-	SYM
ftr-365	1470	24	69	69	NUM
ftr-365	1470	25	(	(	PUNCT
ftr-365	1470	26	jan	jan	PROPN
ftr-365	1470	27	.	.	PROPN
ftr-365	1470	28	05	05	NUM
ftr-365	1470	29	,	,	PUNCT
ftr-365	1470	30	2001	2001	NUM
ftr-365	1470	31	)	)	PUNCT
ftr-365	1470	32	(	(	PUNCT
ftr-365	1470	33	reviewing	review	VERB
ftr-365	1470	34	the	the	DET
ftr-365	1470	35	oecd	oecd	PROPN
ftr-365	1470	36	report	report	NOUN
ftr-365	1470	37	(	(	PUNCT
ftr-365	1470	38	2000	2000	NUM
ftr-365	1470	39	)	)	PUNCT
ftr-365	1470	40	and	and	CCONJ
ftr-365	1470	41	arguing	argue	VERB
ftr-365	1470	42	that	that	SCONJ
ftr-365	1470	43	the	the	DET
ftr-365	1470	44	portfolio	portfolio	NOUN
ftr-365	1470	45	interest	interest	NOUN
ftr-365	1470	46	exemption	exemption	NOUN
ftr-365	1470	47	should	should	AUX
ftr-365	1470	48	be	be	AUX
ftr-365	1470	49	viewed	view	VERB
ftr-365	1470	50	as	as	ADP
ftr-365	1470	51	an	an	DET
ftr-365	1470	52	attribute	attribute	NOUN
ftr-365	1470	53	of	of	ADP
ftr-365	1470	54	harmful	harmful	ADJ
ftr-365	1470	55	tax	tax	NOUN
ftr-365	1470	56	competition	competition	NOUN
ftr-365	1470	57	)	)	PUNCT
ftr-365	1470	58	.	.	PUNCT
ftr-365	1471	1	330	330	NUM
ftr-365	1471	2	.	.	PUNCT
ftr-365	1472	1	oecd	oecd	PROPN
ftr-365	1472	2	report	report	PROPN
ftr-365	1472	3	(	(	PUNCT
ftr-365	1472	4	2000	2000	NUM
ftr-365	1472	5	)	)	PUNCT
ftr-365	1472	6	,	,	PUNCT
ftr-365	1472	7	supra	supra	PROPN
ftr-365	1472	8	note	note	PROPN
ftr-365	1472	9	309	309	NUM
ftr-365	1472	10	,	,	PUNCT
ftr-365	1472	11	at	at	ADP
ftr-365	1472	12	12	12	NUM
ftr-365	1472	13	-	-	SYM
ftr-365	1472	14	14	14	NUM
ftr-365	1472	15	,	,	PUNCT
ftr-365	1472	16	¶	¶	NOUN
ftr-365	1472	17	11	11	NUM
ftr-365	1472	18	.	.	PUNCT
ftr-365	1473	1	331	331	NUM
ftr-365	1473	2	.	.	PUNCT
ftr-365	1474	1	oecd	oecd	PROPN
ftr-365	1474	2	report	report	PROPN
ftr-365	1474	3	(	(	PUNCT
ftr-365	1474	4	1998	1998	NUM
ftr-365	1474	5	)	)	PUNCT
ftr-365	1474	6	,	,	PUNCT
ftr-365	1474	7	supra	supra	PROPN
ftr-365	1474	8	note	note	NOUN
ftr-365	1474	9	1	1	NUM
ftr-365	1474	10	,	,	PUNCT
ftr-365	1474	11	at	at	ADP
ftr-365	1474	12	15	15	NUM
ftr-365	1474	13	,	,	PUNCT
ftr-365	1474	14	¶	¶	NOUN
ftr-365	1474	15	27	27	NUM
ftr-365	1474	16	.	.	PUNCT
ftr-365	1475	1	332	332	NUM
ftr-365	1475	2	.	.	PUNCT
ftr-365	1476	1	i	i	PRON
ftr-365	1476	2	d.	d.	PROPN
ftr-365	1476	3	see	see	AUX
ftr-365	1476	4	also	also	ADV
ftr-365	1476	5	avi	avi	VERB
ftr-365	1476	6	-	-	PUNCT
ftr-365	1476	7	yonah	yonah	NOUN
ftr-365	1476	8	(	(	PUNCT
ftr-365	1476	9	2000	2000	NUM
ftr-365	1476	10	)	)	PUNCT
ftr-365	1476	11	,	,	PUNCT
ftr-365	1476	12	supra	supra	PROPN
ftr-365	1476	13	note	note	NOUN
ftr-365	1476	14	3	3	NUM
ftr-365	1476	15	,	,	PUNCT
ftr-365	1476	16	at	at	ADP
ftr-365	1476	17	1639	1639	NUM
ftr-365	1476	18	-	-	SYM
ftr-365	1476	19	48	48	NUM
ftr-365	1476	20	.	.	PUNCT
ftr-365	1477	1	333	333	NUM
ftr-365	1477	2	.	.	PUNCT
ftr-365	1478	1	see	see	VERB
ftr-365	1478	2	generally	generally	ADV
ftr-365	1478	3	,	,	PUNCT
ftr-365	1478	4	avi	avi	NOUN
ftr-365	1478	5	-	-	PUNCT
ftr-365	1478	6	yonah	yonah	NOUN
ftr-365	1478	7	(	(	PUNCT
ftr-365	1478	8	2000	2000	NUM
ftr-365	1478	9	)	)	PUNCT
ftr-365	1478	10	,	,	PUNCT
ftr-365	1478	11	supra	supra	PROPN
ftr-365	1478	12	note	note	NOUN
ftr-365	1478	13	3	3	NUM
ftr-365	1478	14	,	,	PUNCT
ftr-365	1478	15	at	at	ADP
ftr-365	1478	16	1639	1639	NUM
ftr-365	1478	17	-	-	SYM
ftr-365	1478	18	48	48	NUM
ftr-365	1478	19	.	.	PUNCT
ftr-365	1479	1	334	334	NUM
ftr-365	1479	2	.	.	PUNCT
ftr-365	1480	1	merrill	merrill	PROPN
ftr-365	1480	2	et	et	PROPN
ftr-365	1480	3	.	.	PUNCT
ftr-365	1481	1	al	al	PROPN
ftr-365	1481	2	.	.	PROPN
ftr-365	1481	3	supra	supra	PROPN
ftr-365	1481	4	note	note	PROPN
ftr-365	1481	5	30	30	NUM
ftr-365	1481	6	,	,	PUNCT
ftr-365	1481	7	at	at	ADP
ftr-365	1481	8	1388	1388	NUM
ftr-365	1481	9	-	-	SYM
ftr-365	1481	10	9	9	NUM
ftr-365	1481	11	(	(	PUNCT
ftr-365	1481	12	“	"	PUNCT
ftr-365	1481	13	a	a	DET
ftr-365	1481	14	country	country	NOUN
ftr-365	1481	15	that	that	PRON
ftr-365	1481	16	imposes	impose	VERB
ftr-365	1481	17	withholding	withhold	VERB
ftr-365	1481	18	taxes	taxis	NOUN
ftr-365	1481	19	and	and	CCONJ
ftr-365	1481	20	other	other	ADJ
ftr-365	1481	21	barriers	barrier	NOUN
ftr-365	1481	22	to	to	ADP
ftr-365	1481	23	the	the	DET
ftr-365	1481	24	importation	importation	NOUN
ftr-365	1481	25	of	of	ADP
ftr-365	1481	26	capital	capital	NOUN
ftr-365	1481	27	will	will	AUX
ftr-365	1481	28	restrict	restrict	VERB
ftr-365	1481	29	domestic	domestic	ADJ
ftr-365	1481	30	investment	investment	NOUN
ftr-365	1481	31	,	,	PUNCT
ftr-365	1481	32	thereby	thereby	ADV
ftr-365	1481	33	lowering	lower	VERB
ftr-365	1481	34	labor	labor	NOUN
ftr-365	1481	35	productivity	productivity	NOUN
ftr-365	1481	36	and	and	CCONJ
ftr-365	1481	37	wages	wage	NOUN
ftr-365	1481	38	.	.	PUNCT
ftr-365	1482	1	thus	thus	ADV
ftr-365	1482	2	,	,	PUNCT
ftr-365	1482	3	for	for	ADP
ftr-365	1482	4	the	the	DET
ftr-365	1482	5	same	same	ADJ
ftr-365	1482	6	reason	reason	NOUN
ftr-365	1482	7	that	that	PRON
ftr-365	1482	8	countries	country	NOUN
ftr-365	1482	9	have	have	AUX
ftr-365	1482	10	sought	seek	VERB
ftr-365	1482	11	tariff	tariff	NOUN
ftr-365	1482	12	reductions	reduction	NOUN
ftr-365	1482	13	through	through	ADP
ftr-365	1482	14	the	the	DET
ftr-365	1482	15	gatt	gatt	NOUN
ftr-365	1482	16	and	and	CCONJ
ftr-365	1482	17	free	free	ADJ
ftr-365	1482	18	trade	trade	NOUN
ftr-365	1482	19	agreements	agreement	NOUN
ftr-365	1482	20	,	,	PUNCT
ftr-365	1482	21	it	it	PRON
ftr-365	1482	22	generally	generally	ADV
ftr-365	1482	23	is	be	AUX
ftr-365	1482	24	in	in	ADP
ftr-365	1482	25	every	every	DET
ftr-365	1482	26	country	country	NOUN
ftr-365	1482	27	’s	’s	PART
ftr-365	1482	28	self	self	NOUN
ftr-365	1482	29	interest	interest	NOUN
ftr-365	1482	30	to	to	PART
ftr-365	1482	31	seek	seek	VERB
ftr-365	1482	32	reciprocal	reciprocal	ADJ
ftr-365	1482	33	elimination	elimination	NOUN
ftr-365	1482	34	of	of	ADP
ftr-365	1482	35	withholding	withholding	NOUN
ftr-365	1482	36	taxes	taxis	NOUN
ftr-365	1482	37	.	.	PUNCT
ftr-365	1482	38	”	"	PUNCT
ftr-365	1482	39	)	)	PUNCT
ftr-365	1482	40	.	.	PUNCT
ftr-365	1483	1	2008	2008	NUM
ftr-365	1483	2	]	]	PUNCT
ftr-365	1484	1	the	the	DET
ftr-365	1484	2	case	case	NOUN
ftr-365	1484	3	for	for	ADP
ftr-365	1484	4	residency	residency	NOUN
ftr-365	1484	5	-	-	PUNCT
ftr-365	1484	6	based	base	VERB
ftr-365	1484	7	taxation	taxation	NOUN
ftr-365	1484	8	67	67	NUM
ftr-365	1484	9	globalization	globalization	NOUN
ftr-365	1484	10	process	process	NOUN
ftr-365	1484	11	,	,	PUNCT
ftr-365	1484	12	which	which	PRON
ftr-365	1484	13	in	in	ADP
ftr-365	1484	14	itself	itself	PRON
ftr-365	1484	15	has	have	VERB
ftr-365	1484	16	an	an	DET
ftr-365	1484	17	impact	impact	NOUN
ftr-365	1484	18	on	on	ADP
ftr-365	1484	19	the	the	DET
ftr-365	1484	20	size	size	NOUN
ftr-365	1484	21	and	and	CCONJ
ftr-365	1484	22	composition	composition	NOUN
ftr-365	1484	23	of	of	ADP
ftr-365	1484	24	the	the	DET
ftr-365	1484	25	public	public	NOUN
ftr-365	1484	26	’s	’s	PART
ftr-365	1484	27	financial	financial	ADJ
ftr-365	1484	28	asset	asset	NOUN
ftr-365	1484	29	portfolio	portfolio	NOUN
ftr-365	1484	30	and	and	CCONJ
ftr-365	1484	31	capital	capital	NOUN
ftr-365	1484	32	movements	movement	NOUN
ftr-365	1484	33	.	.	PUNCT
ftr-365	1485	1	as	as	ADP
ftr-365	1485	2	a	a	DET
ftr-365	1485	3	practical	practical	ADJ
ftr-365	1485	4	matter	matter	NOUN
ftr-365	1485	5	,	,	PUNCT
ftr-365	1485	6	country	country	NOUN
ftr-365	1485	7	d	d	NOUN
ftr-365	1485	8	can	can	AUX
ftr-365	1485	9	learn	learn	VERB
ftr-365	1485	10	from	from	ADP
ftr-365	1485	11	other	other	ADJ
ftr-365	1485	12	countries	country	NOUN
ftr-365	1485	13	’	'	PUNCT
ftr-365	1485	14	experience	experience	NOUN
ftr-365	1485	15	and	and	CCONJ
ftr-365	1485	16	adopt	adopt	VERB
ftr-365	1485	17	rules	rule	NOUN
ftr-365	1485	18	that	that	PRON
ftr-365	1485	19	are	be	AUX
ftr-365	1485	20	consistent	consistent	ADJ
ftr-365	1485	21	with	with	ADP
ftr-365	1485	22	common	common	ADJ
ftr-365	1485	23	practices	practice	NOUN
ftr-365	1485	24	in	in	ADP
ftr-365	1485	25	the	the	DET
ftr-365	1485	26	tax	tax	NOUN
ftr-365	1485	27	and	and	CCONJ
ftr-365	1485	28	accounting	accounting	NOUN
ftr-365	1485	29	arenas	arena	NOUN
ftr-365	1485	30	in	in	ADP
ftr-365	1485	31	major	major	ADJ
ftr-365	1485	32	developed	develop	VERB
ftr-365	1485	33	countries	country	NOUN
ftr-365	1485	34	.	.	PUNCT
ftr-365	1486	1	such	such	ADJ
ftr-365	1486	2	consistency	consistency	NOUN
ftr-365	1486	3	will	will	AUX
ftr-365	1486	4	enhance	enhance	VERB
ftr-365	1486	5	country	country	NOUN
ftr-365	1486	6	d	d	NOUN
ftr-365	1486	7	’s	’s	PART
ftr-365	1486	8	role	role	NOUN
ftr-365	1486	9	in	in	ADP
ftr-365	1486	10	the	the	DET
ftr-365	1486	11	process	process	NOUN
ftr-365	1486	12	of	of	ADP
ftr-365	1486	13	globalization	globalization	NOUN
ftr-365	1486	14	of	of	ADP
ftr-365	1486	15	capital	capital	NOUN
ftr-365	1486	16	markets	market	NOUN
ftr-365	1486	17	.	.	PUNCT
ftr-365	1487	1	furthermore	furthermore	ADV
ftr-365	1487	2	,	,	PUNCT
ftr-365	1487	3	residency	residency	NOUN
ftr-365	1487	4	-	-	PUNCT
ftr-365	1487	5	based	base	VERB
ftr-365	1487	6	taxation	taxation	NOUN
ftr-365	1487	7	in	in	ADP
ftr-365	1487	8	general	general	ADJ
ftr-365	1487	9	and	and	CCONJ
ftr-365	1487	10	for	for	ADP
ftr-365	1487	11	financial	financial	ADJ
ftr-365	1487	12	transactions	transaction	NOUN
ftr-365	1487	13	in	in	ADP
ftr-365	1487	14	particular	particular	ADJ
ftr-365	1487	15	has	have	AUX
ftr-365	1487	16	been	be	AUX
ftr-365	1487	17	praised	praise	VERB
ftr-365	1487	18	as	as	ADP
ftr-365	1487	19	a	a	DET
ftr-365	1487	20	method	method	NOUN
ftr-365	1487	21	to	to	PART
ftr-365	1487	22	promote	promote	VERB
ftr-365	1487	23	equity	equity	NOUN
ftr-365	1487	24	and	and	CCONJ
ftr-365	1487	25	efficiency	efficiency	NOUN
ftr-365	1487	26	.	.	PUNCT
ftr-365	1488	1	equity	equity	NOUN
ftr-365	1488	2	is	be	AUX
ftr-365	1488	3	promoted	promote	VERB
ftr-365	1488	4	because	because	SCONJ
ftr-365	1488	5	residency	residency	NOUN
ftr-365	1488	6	-	-	PUNCT
ftr-365	1488	7	based	base	VERB
ftr-365	1488	8	taxation	taxation	NOUN
ftr-365	1488	9	better	well	ADV
ftr-365	1488	10	reflects	reflect	VERB
ftr-365	1488	11	the	the	DET
ftr-365	1488	12	ability	ability	NOUN
ftr-365	1488	13	to	to	PART
ftr-365	1488	14	pay	pay	VERB
ftr-365	1488	15	principle	principle	NOUN
ftr-365	1488	16	.	.	PUNCT
ftr-365	1489	1	such	such	DET
ftr-365	1489	2	a	a	DET
ftr-365	1489	3	regime	regime	NOUN
ftr-365	1489	4	would	would	AUX
ftr-365	1489	5	also	also	ADV
ftr-365	1489	6	be	be	AUX
ftr-365	1489	7	efficient	efficient	ADJ
ftr-365	1489	8	since	since	SCONJ
ftr-365	1489	9	it	it	PRON
ftr-365	1489	10	will	will	AUX
ftr-365	1489	11	minimize	minimize	VERB
ftr-365	1489	12	the	the	DET
ftr-365	1489	13	tax	tax	NOUN
ftr-365	1489	14	system	system	NOUN
ftr-365	1489	15	’s	’s	PART
ftr-365	1489	16	impact	impact	NOUN
ftr-365	1489	17	on	on	ADP
ftr-365	1489	18	investment	investment	NOUN
ftr-365	1489	19	decisions	decision	NOUN
ftr-365	1489	20	by	by	ADP
ftr-365	1489	21	reducing	reduce	VERB
ftr-365	1489	22	the	the	DET
ftr-365	1489	23	distortions	distortion	NOUN
ftr-365	1489	24	caused	cause	VERB
ftr-365	1489	25	by	by	ADP
ftr-365	1489	26	the	the	DET
ftr-365	1489	27	tax	tax	NOUN
ftr-365	1489	28	system	system	NOUN
ftr-365	1489	29	.	.	PUNCT
ftr-365	1490	1	335	335	NUM
ftr-365	1490	2	finally	finally	ADV
ftr-365	1490	3	,	,	PUNCT
ftr-365	1490	4	residency	residency	NOUN
ftr-365	1490	5	-	-	PUNCT
ftr-365	1490	6	based	base	VERB
ftr-365	1490	7	taxation	taxation	NOUN
ftr-365	1490	8	will	will	AUX
ftr-365	1490	9	reduce	reduce	VERB
ftr-365	1490	10	compliance	compliance	NOUN
ftr-365	1490	11	costs	cost	NOUN
ftr-365	1490	12	,	,	PUNCT
ftr-365	1490	13	since	since	SCONJ
ftr-365	1490	14	the	the	DET
ftr-365	1490	15	source	source	NOUN
ftr-365	1490	16	-	-	PUNCT
ftr-365	1490	17	based	base	VERB
ftr-365	1490	18	taxation	taxation	NOUN
ftr-365	1490	19	on	on	ADP
ftr-365	1490	20	interest	interest	NOUN
ftr-365	1490	21	and	and	CCONJ
ftr-365	1490	22	dividend	dividend	NOUN
ftr-365	1490	23	income	income	NOUN
ftr-365	1490	24	earned	earn	VERB
ftr-365	1490	25	by	by	ADP
ftr-365	1490	26	nonresidents	nonresident	NOUN
ftr-365	1490	27	is	be	AUX
ftr-365	1490	28	very	very	ADV
ftr-365	1490	29	impractical	impractical	ADJ
ftr-365	1490	30	in	in	ADP
ftr-365	1490	31	many	many	ADJ
ftr-365	1490	32	instances	instance	NOUN
ftr-365	1490	33	.	.	PUNCT
ftr-365	1490	34	residency	residency	NOUN
ftr-365	1490	35	-	-	PUNCT
ftr-365	1490	36	based	base	VERB
ftr-365	1490	37	taxation	taxation	NOUN
ftr-365	1490	38	,	,	PUNCT
ftr-365	1490	39	however	however	ADV
ftr-365	1490	40	,	,	PUNCT
ftr-365	1490	41	would	would	AUX
ftr-365	1490	42	shift	shift	VERB
ftr-365	1490	43	revenue	revenue	NOUN
ftr-365	1490	44	from	from	ADP
ftr-365	1490	45	developing	develop	VERB
ftr-365	1490	46	to	to	ADP
ftr-365	1490	47	developed	develop	VERB
ftr-365	1490	48	countries	country	NOUN
ftr-365	1490	49	in	in	ADP
ftr-365	1490	50	the	the	DET
ftr-365	1490	51	short	short	ADJ
ftr-365	1490	52	-	-	PUNCT
ftr-365	1490	53	run	run	NOUN
ftr-365	1490	54	,	,	PUNCT
ftr-365	1490	55	but	but	CCONJ
ftr-365	1490	56	as	as	SCONJ
ftr-365	1490	57	discussed	discuss	VERB
ftr-365	1490	58	in	in	ADP
ftr-365	1490	59	this	this	DET
ftr-365	1490	60	article	article	NOUN
ftr-365	1490	61	,	,	PUNCT
ftr-365	1490	62	it	it	PRON
ftr-365	1490	63	would	would	AUX
ftr-365	1490	64	benefit	benefit	VERB
ftr-365	1490	65	country	country	NOUN
ftr-365	1490	66	d	d	NOUN
ftr-365	1490	67	in	in	ADP
ftr-365	1490	68	the	the	DET
ftr-365	1490	69	long	long	ADV
ftr-365	1490	70	-	-	PUNCT
ftr-365	1490	71	run	run	NOUN
ftr-365	1490	72	.	.	PUNCT
ftr-365	1491	1	335	335	X
ftr-365	1491	2	.	.	PUNCT
ftr-365	1492	1	see	see	VERB
ftr-365	1492	2	rosenbloom	rosenbloom	NOUN
ftr-365	1492	3	,	,	PUNCT
ftr-365	1492	4	supra	supra	PROPN
ftr-365	1492	5	note	note	NOUN
ftr-365	1492	6	32	32	NUM
ftr-365	1492	7	,	,	PUNCT
ftr-365	1492	8	at	at	ADP
ftr-365	1492	9	606	606	NUM
ftr-365	1492	10	(	(	PUNCT
ftr-365	1492	11	“	"	PUNCT
ftr-365	1492	12	financial	financial	ADJ
ftr-365	1492	13	market	market	NOUN
ftr-365	1492	14	participants	participant	NOUN
ftr-365	1492	15	often	often	ADV
ftr-365	1492	16	inveigh	inveigh	VERB
ftr-365	1492	17	against	against	ADP
ftr-365	1492	18	source	source	NOUN
ftr-365	1492	19	taxation	taxation	NOUN
ftr-365	1492	20	,	,	PUNCT
ftr-365	1492	21	particularly	particularly	ADV
ftr-365	1492	22	source	source	NOUN
ftr-365	1492	23	taxation	taxation	NOUN
ftr-365	1492	24	on	on	ADP
ftr-365	1492	25	a	a	DET
ftr-365	1492	26	gross	gross	ADJ
ftr-365	1492	27	basis	basis	NOUN
ftr-365	1492	28	,	,	PUNCT
ftr-365	1492	29	on	on	ADP
ftr-365	1492	30	the	the	DET
ftr-365	1492	31	ground	ground	NOUN
ftr-365	1492	32	that	that	SCONJ
ftr-365	1492	33	such	such	ADJ
ftr-365	1492	34	taxation	taxation	NOUN
ftr-365	1492	35	interferes	interfere	VERB
ftr-365	1492	36	with	with	ADP
ftr-365	1492	37	marketplace	marketplace	NOUN
ftr-365	1492	38	efficiency	efficiency	NOUN
ftr-365	1492	39	.	.	PUNCT
ftr-365	1492	40	”	"	PUNCT
ftr-365	1492	41	)	)	PUNCT