As a result the profits from these business activities are not taxed where they are carried on whereas the jurisdiction in which the taxpayer is a resident provides for an exemption of those profits, leading to non-taxation without inclusion within the meaning of Article 2, paragraph 9, sub-paragraph c.
Zato se dobiček iz teh poslovnih dejavnosti ne obdavči v jurisdikciji, v kateri se te dejavnosti opravljajo, medtem ko jurisdikcija, v kateri je davčni zavezanec rezident, določa oprostitev davka za ta dobiček, kar vodi do neobdavčitve brez vključenosti v smislu člena 2(9)(c).