Part II. Treaties and Tax Legislation

Subpart A.—Tax Conventions and Other Related Items

U.S.-Island of Jersey Reciprocal Exemption Agreement

Announcement 2007–23

The United States and the United Kingdom of Great Britain and Northern Ire

land (on behalf of the Bailiwick of Jersey) have exchanged diplomatic notes evidencing a reciprocal exemption agreement for income from the international operation of ships for taxable years beginning on or after January 1, 1997. The diplomatic notes reproduced herein contain the terms of the reciprocal exemptions.

The principal author of this announcement is Patricia Bray of the Office of Associate Chief Counsel (International). For further information regarding this announcement, contact Patricia Bray at (202) 622–3880 (not a toll-free call). The text of the agreement is as follows.

2007–10 I.R.B. 665 March 5, 2007

March 5, 2007 666 2007–10 I.R.B.

2007–10 I.R.B. 667 March 5, 2007

March 5, 2007 668 2007–10 I.R.B.

2007–10 I.R.B. 669 March 5, 2007