The Swedish Minister (Wallenberg) to the Secretary of State
Excellency: In my note of January 27th last, I had the honor to state, among other things, that my Government had, by reason of the provision in the Revenue Act of November 23, 1921, which provides for the exemption from taxation of the income of a non-resident alien or foreign corporation consisting of earnings derived from the operation of ships documented under the laws of a foreign country which grants an equivalent exemption to citizens of the United States, taken under consideration the adoption of measures which would grant equivalent exemptions from income taxation in Sweden to American ship owners.
I am now authorized and directed by my Government to advise and assure Your Excellency, and I hereby do advise and assure Your Excellency,
- that income of non-resident foreign individuals, companies, and corporations, derived from the operation of ships documented under the laws of the United States, is not now taxed in Sweden, in any manner whatsoever;
- that the same tax-exemption was effective even further back than January 1, 1917 and
- that no change with regard to the existing tax exemption is contemplated by the Swedish authorities.
In this connection and in view of the fact that tax-exemption existed in Sweden even further back than January 1, 1917, I again beg to express, on behalf of my Government, the hope that some means may yet be found by Your Government to accord tax-exemption for income derived in this country from the operation of Swedish ships not only from January 1, 1920 [1921?] on, but also for the years 1917, 1918, 1919 and 1920.
With renewed assurances [etc.]