[Verse 1] When business profits cross the line From north to south, here's the design Article Seven sets the rule For taxation's guiding tool US enterprise makes its money But where's it taxed? That's not so funny Without a permanent place to stay Those profits might just slip away [Chorus] Permanent establishment is the key No PE means profits stay tax-free In the US they must have a place To tax the profits face to face Remember PE, remember well It's the story profits tell No establishment, no tax to pay That's how Article Seven works today [Verse 2] Your US entities are different though They're US taxpayers, don't you know This article's for when you personally Perform your services across the sea If you're working in the States But have no permanent base or gates Then business profits you might earn Could dodge the tax at every turn [Chorus] Permanent establishment is the key No PE means profits stay tax-free In the US they must have a place To tax the profits face to face Remember PE, remember well It's the story profits tell No establishment, no tax to pay That's how Article Seven works today [Bridge] Cross-border rules can twist and bend But PE concepts help defend Your understanding of the law When profits move without a flaw Canadian resident with corps galore This treaty knowledge opens doors [Verse 3] So when you're planning cross-border trade Remember how these rules are made Business profits need a home Before the taxman starts to roam Article Seven draws the line Between what's yours and what is mine [Chorus] Permanent establishment is the key No PE means profits stay tax-free In the US they must have a place To tax the profits face to face Remember PE, remember well It's the story profits tell No establishment, no tax to pay That's how Article Seven works today [Outro] Business profits, PE That's the rule for you and me Article Seven shows the way For cross-border tax today
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