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FOREX MARKET & International Taxation

May 30, 2018

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    GE\@ACB @ZOJMBC@IM\H@V

    \A_H_

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    @wekpvaeb " Jasve|q"

    q Fagg`|`bv Oepbv|a`s Fagg`|`bv Kmbcmc`s

    q Oawakasmvaeb % Opkvp|` % T|movao`s

    q Fagg`|`bv Cew`|bi`bvs % Cew`|bmbo` % \pk`s

    q V|mf` % Abfpsv|a`s > @wekw`f % C|`

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    q Lm|v`| sqsv`i

    q Oeiieb Ief` eg @zojmbc`

    q @wekpvaeb eg Ieb`q

    q Oebw`ba`bo` > K`mvj`| % I`vmk % C|mabs % L`mfs

    q Fagg`|`bv Ieba`s % Wmkp`s

    q Abv`|bmvaebmk V|mf` % V|mw`kkabc

    q Oekebasmvaeb % Abwmsaeb > Ipcjmks % @msv Abfam Oe

    @wekpvaeb " Jasve|q"

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    q Lai`vmkkasi > L`ge|` =:30

    qOkmssaomk Cekf _vmbfm|f > =:30 ) =1=6

    q Abv`|m| T`|aef > =1=0 ) =166

    q L|`vveb Seefs _qsv`i > =160 ) =13 _abo` =13?

    Abv`|bmvaebmk Ieb`vm|q _qsv`i

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    Abv`|bmvaebmk Ieb`vm|q _qsv`i

    Lai`vmkkasi > L`ge|` =:30

    q Abavamkkq+ ebkq oeabs > Cekf ' _akw`|

    q Wmkp` > Lms`f pteb Cekf % _akw`| Oebv`bv ab vj` Oeabs

    q L|avmab > Cekf 8 G|mbo` >

    Lai`vmkkao 8 C`|imbq > _akw`|

    q L|avasj Tepbf ve C`|imb Im|h > Vj|epcj G|`boj G|mbo

    q C`|imbq+ Jekkmbf+ Ojabm ' Abfam > Ebkq _akw`|

    q

    Evj`| I`vmks `|` mkse ps`f+ ab evj`| oepbv|a`s

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    Abv`|bmvaebmk Ieb`vm|q _qsv`i

    Okmssao Cekf _vmbfm|f >=:30)=1=6

    q Cekf > Pbaw`|smk Gebfb`ss > Imbq O`bvp|a`s Ekf

    q C|``h % \eimb @ita|`s mbf @m|ka`| > Tetpkm|

    q @w`b ab Abfam > Mboa`bv @ita|`s ps`f Cekf

    q Cekf _vmbfm|f > Bev Cekf Oeabs > Ieb`q Lmoh`f lq Cekf

    q G|mbo` > =:04s+ C`|imbq>=:308 P_M > =:318 Nmtmb > =:13

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    Abv`|bmvaebmk Ieb`vm|q _qsv`i

    Okmssao Cekf _vmbfm|f >=:30)=1=6

    q Cekf mkeb` as mssp|`f eg pb|`sv|aov`f oeabmc`

    q Ve)mq Oebw`|valakavq l`v``b Cekf ' Op||`boq

    q Wmkp` eg Ieb`q > Kabh`f ve Wmkp` eg Cekf ab vj` oepbv|q

    q Cekf imq l` g|``kq aite|v`f % `zte|v`f

    qB`v V|mf` Lmkmbo` > _`vvk`f lq Cekf > _t`oa` Gke I`oj"

    q @zojmbc` \mv` l`v``b < op||`boa`s > Cekf Oebv`bv

    q *@"c"!> PH > 7 Tepbf % Epbo`8 G|mbo` > =< G|mbos % Epbo`

    q = Tepbf 9 < G|mbos

    q Fp|abc vjmv t`|aef+ Tepbf _v`|kabc 9 &6":6 &6"14

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    Abv`|m| T`|aef >=1=0)=166qMgv`| SS)A >

    q PH+ G|mbo`+ C`|imbq ' \pssam > _vett`f \`f`itvaebq Tkmo`f @ilm|ce eb Cekf @zte|vs

    q C`|imbq+ Mpsv|am+ Jpbcm|q+ Tekmbf > Jqt`|abgkmvaeb

    q C`|imbq > Se|sv > =1

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    Abv`|m| T`|aef >=1=0)=166

    qJpc` `|esaeb ab Cekf _veoh mo|ess @p|et`

    qImssaw`Lmbh Gmakp|`s ab vj` P_ mbf evj`| oepbv|a`s

    q

    Gkacjv eg Omtavmk mo|ess le|f`|sqJmkg)j`m|v`f mvv`itvs ve |`sve|` Cekf _vmbfm|f ' Gmakp|`

    q@oebeiao mbf Tekavaomk Absvmlakava`s

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    L\@VVEB SEEF_ _Q_V@I > =160)=13 \`ts eg 66 Bmvaebs i`v mv B` Jmitsja|` Mc|``i`bv l`v``b oepbv|a`s > AIG ge|i`f

    L|avasj > Abv`|bmvaebmk \`s`|w` Mss`v > lmboe|

    Mi`|aombs > Op||`boq Teek g|ei I`il`| Oepbv|a`s _pcc`svaebs g|ei Mi`|aom `|` lpakv abve M|vaok`s eg AIG

    Mkk oepbv|a`s mc|``f ve t`c vj`a| op||`boa`s tm| wmkp` ve P_F

    P_ & vj`b kabh`f ve Cekf T|ao` > & ?0 9 = Epbo` eg Cekf Omkk`f vj` Cekf @zojmbc` _vmbfm|f+ lms`f eb Fekkm|

    Sj`b im|h`v t|ao` eg Cekf g`kk l`ke & ?0+ l`omi` mb assp`

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    L\@VVEB SEEF_ _Q_V@I > =160)=13

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    OEITE_AVAEB EG _F\

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    GKEMVABC @ZOJMBC@ \MV@ > =13?

    Cekf \mv`s > Saf`kq l`qebf l`bojim|h |mv`

    Jacj`| abgkmvaeb ab vj` P_ ) P_& pb)mvv|movaw` kabh op||`boq

    Oepbv|a`s |`wmkp`f vj`a| `zojmbc` |mv` avj P_&

    @p|et`mb mbf Nmtmb`s` op||`boa`s `|` f`)kabh`f g|ei P_&

    P_ &+ TF_+ FI+ Q b > Gkpovpmvabc mcmabsv `moj evj`|

    Cekf o`ms`f ve l` vj` svmbfm|f ge| ieb`q wmkp`

    AIG |`vp|b`f jmkg eg vj`a| cekf jekfabc ve i`il`| bmvaebs

    O`bv|mk Lmbhs eg oepbv|a`s `|` mpvje|as`f ve abv`|w`b`

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    Op||`bv Ge|`acb Op||`boq M||mbc`i`bv

    =" T`cc`f ve vj` P_ Fekkm| >Jebc Hebc _abck` % Lmsh`v

    Bm||e \mbc` > =8 Imkmqsam % Ojabm6" @p|et`mb Ieb`vm|q Pbaeb ) @p|e

    0" Kaiav`f Gk`zalakavq > As|m`k % \eimbam

    7" Imbmc`f Gkemvabc > 6< Oepbv|a`s

    Cewv" abv`|w`b`s> _abcmte|` % Abfam % Vjmakmbf

    3" Abf`t`bf`bv Gkemvabc > 6= Oepbv|a`s

    Im|h`v F|aw`b > PH % Ombmfm % Nmtmb % Mpsv|mkam

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    @ZOJMBC@ \MV@_)=111 >

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    GE\@ACB @ZOJMBC@

    I`mbs vj` ieb`q eg m Ge|`acb Oepbv|q

    LmbhLmkmbo`s+ Bev`s+ Oeabs+ Oj`}p`s+ F|mgvs

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    Iew`i`bv ab P_ &

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    GE\@ACB @ZOJMBC@ IM\H@V

    qVj` Ge|`acb @zojmbc` Im|h`v >qVj` tjqsaomk mbf absvavpvaebmk sv|povp|` vj|epcj jaoj vj`

    ieb`q eg eb` oepbv|q as `zojmbc`f ge| vjmv eg mbevj`|

    oepbv|q

    qVj` f`v`|iabmvaeb |mv` eg `zojmbc` l`v``b op||`boa`s

    qAs j`|` ge|`acb `zojmbc` v|mbsmovaebs m|` tjqsaomkkqoeitk`v`f

    qGe|`acb `zojmbc` v|mbsmovaeb >qMb mc|``i`bv l`v``b m lpq`| mbf m s`kk`|

    qGaz`f miepbv eg eb` op||`boq akk l` f`kaw`|`f ge| sei`

    evj`| op||`boq

    qMv mb mc|``f @zojmbc` \mv`

    qMv m st`oaga`f fmv`

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    GE\@Z IM\H@V ) GPBOVAEB_

    Ge|`z Im|h`v as vj` i`ojmbasi lq jaoj tm|vaoatmbvs>

    V|mbsg`| tp|ojmsabc te`| l`v``b oepbv|a`s

    Elvmab % t|ewaf` o|`fav ge| abv`|bmvaebmk v|mf`

    v|mbsmovaebs Iabaia~` `ztesp|` ve vj` |ashs eg `zojmbc` |mv`

    ojmbc`s

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    GE\@Z IM\H@V TM\VAOATMBV_

    \`s`|w` Lmbh eg Abfam *\LA!

    Mkk _oj`fpk`f Oeii`|oamk Lmbhs *Mpvje|as`f F`mk`|s

    ebkq!

    Oe|te|mv` V|`msp|a`s Tplkao _`ove|%Cew`|bi`bv

    Abv`|LmbhL|eh`|mc` Jeps`s

    \`saf`bv Abfambs

    Beb \`saf`bvs

    _t`opkmve|s mbf M|lav|mc`|s

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    LMKMBO@ EG TMQI@BV

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    LMKMBO@ EG TMQI@BV

    B`v Lmkmbo` eg Mkk Abv`|bmvaebmk Gabmboamk V|mbsmovaebs

    Oepbv|qs Vevmk @zte|vs Vevmk Aite|vs

    B`v ( > Gmwep|mlk`8 ) > Pb)Gmwep|mlk`

    Eb` Oepbv|q avj Mkk Evj`| Oepbv|a`s ( avj eb` oepbv|q mbf ) avj imbq tessalk`

    C`b`|mkkq+ e|kf ew`|+ ab P_ &

    Aite|vs % @zte|vs eg Ceefs+ _`|wao`s+ O|ess)Le|f`|

    Abw`svi`bvs+Lmbh M%o+ Lebfs+ _veohs+ \`mk @svmv` `vo"

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    LMKMBO@ EG TMQI@BV

    _vmvasvaomk |`oe|f eg m oepbv|qs abv`|bmvaebmk v|mbsmovaebs

    ew`| m o`|vmab t`|aef eg vai` t|`s`bv`f ab vj` ge|i eg

    Feplk`)@bv|q Leeh)h``tabc

    Ew`| m O`|vmab T`|aef eg vai`+ smi` ms bmvaebmk aboei` m%o ( > \`o`atvs > O|`favs > _mk`s+ Gabmboamk Okmais+ Mss`vs

    ) > Tmqi`bvs > F`lavs > Tp|ojms`+ Elkacmvaebs

    Eb` Oepbv|q avj Mkk Evj`| Oepbv|a`s

    ( avj eb` oepbv|q mbf ) avj imbq oepbv|q tessalk` Pbf`| ? J`mfs > Op||`bv % Omtavmk % Eggaoamk \`s`|w` M%o

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    L E T Op||`bv M%o

    OEBVMAB_ >

    I`|ojmbfas` > V|mf` Lmkmbo` > Vmbcalk` Ceefs > Eak+

    Mpveielak`s+ Imojab`s+ Oeitpv`|s+ Geef C|mabs+ Okevj`s+ `vo

    _`|wao`s > Abwasalk` V|mf`> Oebspkvabc+ \eqmkva`s+ K`cmk+

    Tmv`bvs+ Absp|mbo`+ Abv`kk`ovpmk T|et`|va`s+ Vep|asi+ `vo"

    Gmove| Aboei` > Abv`|`sv+ Fawaf`bf+ \`vp|b eb Abw`svi`bvs Pbakmv`|mk V|mbsg`|s >Ge|`acb Maf+ Eggaoamk %T`|sebmk Cagvs+

    C|mbvs" Vjas as vj` ebkq Pba)fa|`ovaebmk gke

    F@GAOAV % _P\TKP_ >

    F`gaoav > Gpbf lq Le||eabcs % G|ei Moopipkmvaeb _p|tkps > Oekk`ov AEPs g|ei Ge|`acb Oepbv|a`s

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    L E T Omtavmk M%o

    OEBVMAB_ >

    GFA > Abw`sv ab m Oeitmbq % _plsafam|q ab mbevj`| Oepbv|q

    Te|vgekae > Abw`sv ab _veohs % Lebfs `vo> Be V|mbsg`| eg Oebv|ek

    Evj`| Abw`svi`bv > F`tesavs % V|mf` O|`favs+ Op||`boq+ `vo" ve

    pvaakas` mfwmbvmc` eg Abv`|`sv \mv` Fagg`|`bvamk

    L E T _vmvasvaomk Faso|`tmboa`s

    OEBVMAB_ >

    Eiavv`f % Ias)|`oe|f`f V|mbsmovaebs

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    L E T

    Ew`|mkk Lmkmbo` % Eggaoamk _`vvk`i`bv Lmkmbo`

    Vevmk eg Op||`bv M%o+ Omtavmk M%o+ _vmvasvaomk Faso|`tmboa`s

    > E`s ve vj` |`sv eg vj` Se|kf ( > Fp` g|ei vj` |`sv eg vj` Se|kf

    _`vvk`f mooe|fabckq > Kemb % Cekf % Ge|`z % _F\

    Pbf`| vj` `m|ka`| Gaz`f @zojmbc` \mv` \`cai` >

    Op||`bv M%o ( Omtavmk M%o 9 4

    Pbf`| vj` t|`s`bv Gk`zalk` @zojmbc` \`cai` >

    Op||`bv M%o _p|tkps % F`gaoav > Ojmbc` ab Omtavmk M%o

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    P_ ) LET Q`m|

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    P_ ) LET Q`m|

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    P_ ) LET Q`m|

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    P_ ) LET Q`m| Be kebc`| Tetpkm| > ?

    16 > Ge|`acb @zojmbc`

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    P_ ) LET Q`m|

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    P_ ) LET Q`m|

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    P_ ) LET Q`m| & ="< V|akkaeb % fmq-

    & Km|c`sv w`bfe|s eg ]pev`s

    1 =< J|s

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    P_ ) LET Q`m|

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    P_ ) LET Q`m|

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    P_ ) LET Q`m| Mw`|mc` Fmakq Vp|bew`|

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    Vqt`s eg GZ Im|h`vs Ve Va`|s

    Sjek`smk`%Abv`|lmbh > Abv`|bmvaebmk Lmbhs > Lpq levj ge| vj`is`kw`s

    mbf ge| evj`| |`vmak oka`bvs

    \`vmak % Oka`bv >

    Lmbh Opsvei`|s > IBOs+ Ieb`q imbmc`|s+

    _t`opkmve|s

    Beb Lmbh F`mk`|s > Abw`svi`bv Lmbhs `vo" L|eh`|s > Imvoj Lpq % _`kk |`}pa|`i`bvs

    O`bv|mk Lmbhs > Ie|` ve |`cpkmv` \mv`s

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    F`mks ab GZ Im|h`vs

    F`mkabc \eeis > _`op|` @bwa|ebi`bv

    Abfawafpmk V|mf`|s ge| Tm|vaopkm| Op||`boq C`b`|mkkq > Iesv V|mf`s > P_ & f`beiabmv`f ]pev`s > Fa|`ov *Mi`|aomb! % Abfa|`ov *@p|et`mb! Ve Smq ]pev`s > _`kk * Laf ! % Lpq * Msh%Egg`| !

    _t|`mf > Fagg`|`bo` l`v``b _`kk % Lpq Abv`|)Lmbh> _vmbfm|f _a~`> P_ & =4 I *v`b fekkm|s! \`mk)Vai` ]pev`s > Aii`famv` F`oasaeb > G|``~`

    &% ]pev` > & ="0

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    P_ ) LET Q`m| _eoa`vq ge| Se|kfaf` Abv`|lmbh Gab" V`k`oei T|awmv` Beb)T|egav I`ssmc` V|mbsg`| _qsv`i

    J`mf}pm|v`|s ab L|pss`ks

    _avojabc O`bv`|s ab B`vj`|kmbfs mbf Wa|cabam

    Mkk Oebsvavp`bvs eg vj` GZ im|h`v oebb`ov`f vj|epcj vjas V|mbsmovaebs abwekwabc Mkk Op||`boa`s

    OJAT_ > Ok`m|abc Jeps` Abv`|lmbh Tmqi`bvs _qsv`i

    Mkebc avj G`f`|mk \`s`|w`L

    mbh _qsv`i+ t|ewaf`s mOk`m|abc Jeps`

    _`vvk`i`bv eg Abv`|lmbh P_F Tmqi`bvs

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    P_ ) LET Q`m| @zojmbc` \mv` ge|Aii`famv` F`kaw`|q

    ]pev`f mbf V|mf`f w`|qfmq ) Vefmq _`vvk`i`bv ab c`b`|mkkq < e|habc fmqs

    GE\SM\F > @zojmbc` \mv` ge|Gpvp|` F`kaw`|q ]pev`f mbf V|mf`f `w`|qfmq ) Vefmq

    _`vvk`i`bv mv mc|``f \mv` mv mb Mc|``f Gpvp|` Fmv`

    FA\@OV ]PEV@> Mi`|aomb V`|is Jei` Op||`boq % = Pbav eg Ge|`acb Op||`boq & = 9 \s"6?"76 8 = 9 \s"7:"17 8 = 9 \s"0

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    Ge|m|f Oebv|mov

    Oebv|movabc vefmq ge| Gpvp|` Tp|ojms` % _mk` >T|`iapi * ge| _mk` ! % Fasoepbv * ge| Tp|ojms` !Imne| Op||`boa`s > & % % _vmbfm|f Imvp|ava`s > =+?+7+1+=< IebvjsEvj`| Imvp|ava`s m|` mkse mwmakmlk`Kebc`| v`|is > @w`b pt ve =4 Q m|s tessalk`Bevmvaeb > GB*& % ! 8 B > Bpil`| eg Iebvjs > =+?+7+1+_ *& % ! _tev |mv` l`v``b & mbf

    _*&%_G! "770?

    G=*&%_G! "7774

    G?*&%_G! "7734

    G7*&%_G! "77:6

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    _mt V|mbsmovaeb

    _aipkvmb`eps _mk` * Tp|ojms` ! eg _tev mcmabsv Ge|m|f >Mooepbv ge| mlepv 04 ) 74 ab Abv`|lmbh V|mf`Lpkh eg V|mf` >_mts ge| Ge|m|fs GZ F`mk`|s Oebw`|smvaebs % ]pev`s > Ge|m|f Teabvs

    _tev &% ="0

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    P_ ) LET Q`m| Tm|`bv Oeitmbqs Jei` Op||`boq

    Op||`bv \mv` * Lmkmbo` _j``v Av`is !

    V`ite|mk > Abfawafpmk Mss`vs \`wmkp`f @zasvabc \mv` Ieb`vm|q%Beb)ieb`vm|q> Op||`bv%Mw`|mc`%Jasve|aomk

    Mw`|mc` \mv` *T%K M%o Av`is!

    Aitmovs vj` B`ve|vj eg Tm|`bv % Jekfabc Oeitmbq

    V|mbsmovaeb \ash \`mk Et`|mvabc \ash

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    Vmzmvaeb

    Bmvaebmk % Abv`|bmvaebmk

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    Fa|`ov % Abfa|`ov Vmzmvaeb

    Fa|`ov Vmz`s ) Fa|`ov vmz as f`imbf`f g|ei vj` w`|q

    t`|sebs je+ av as abv`bf`f e| f`sa|`f + sjepkf tmq av

    Abfa|`ov Vmz`s ) Abfa|`ov vmz as f`imbf`f g|ei vj` w`|qt`|sebs ab vj` `zt`ovmvaeb mbf abv`bvaeb vjmv j` sjmkk

    abf`ibagq jais`kg mv vj` `ztmbs` eg evj`|s

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    Fa|`ov Vmz Abfa|`ov Vmz

    Fa|`ovkq tmaflq vj` t`|sebs

    eb jei av as k`cmkkq aites`fAbfa|`ovkq tmaflq vj`

    evj`| t`|sebs

    Aitmov as eb vj` smi` t`|sebs

    je tmqs vj` vmz

    Aitmov as eb imbq t`|sebs

    Vmz lp|f`b ombbev l` sjagv`f

    ve evj`| t`|sebs ' oebspi`|

    fa|`ovkq tmqs ve Keomk %_vmv` %

    O`bv`| Cew`|bi`bvs"

    Vmz lp|f`b omb sjagv ve vj`

    evj`| t`|sebs *evj`| vjmb vj`

    tmq``!"

    @zmitk`> Aboei` vmz +jeps`

    t|et`|vq vmz+ kmbf mbf `svmv` vmz

    e| s`|wao` vmz

    Oebspitvaeb vmz`s+ @zoas`

    fpva`s+ _mk`s Vmz+ Eov|ea"

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    EVJ@\ OKM__AGAOMVAEB_

    _T@OAGAO MBF MF WMKE\@I VMZ@_

    _t`oagao vmz`s Mf wmke|`i vmz`s

    M tjqsaomk i`msp|`i`bv kah`

    vj` `acjv e| wekpi` eg m

    oeiiefavq"

    Vmz eb wmkp` eg m oeiiefavq"

    F`gabav` t`|o`bvmc` eg wmkp` eg

    ceefs"

    @zmitk` > Smv`| Vmz @zmitk` > Gabasj`f ceefs

    Eb lmsas eg i`vjef eg mss`ssi`bv

    V`ite|m|q mbf T`|imb`bv Vmz`s

    V`ite|m|q vmz`s T`|imb`bv vmz`s

    M vmz eb m| t|egavs ve tmq egg

    m km|c` miepbv eg f`lv ab m

    sje|v t`|aef eg vai`"

    Vmz`s eb aboei`

    @zmitk`>Hm|cak m| vmz @zmitk`> t|et`|vq vmz

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    Vmzmvaeb Lmsaos

    Imab _ep|o` eg \`w`bp` ve vj` Cew`|bi`bvs

    Oepkf l` lq G`f`|mk % O`bv|mk Cewv" % _vmv`s % Keomk

    \`saf`bvamk _vmvps as |`k`wmbv

    T|aim|q Vqt`s > Aboei` Vmz > T`|sebmk % Oe|te|mv`

    Savj)jekfabc Vmz > Eb Tmqepvs

    Wmkp` Mff`f Vmz

    Mb aite|vmbv gmove| ab Gpbfabc F`oasaebs

    Ckelmk _o`bm|ae > Oeitk`z > Fagg`|`bv Oepbv|a`s

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    MB @GGAOA@BV VMZ _Q_V@I

    @]PMKAVQ

    O@\VMABVQ

    _AITKAOAVQ

    OEBWAB@BO@

    @OEBEIQ

    T\EFPOVAWAVQ

    @KM_VAOFAW@\_AVQ

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    Vmzmvaeb Lmsaos

    Av as m oeitpkse|q oebv|alpvaeb aites`f lq m

    tplkao mpvje|avq"

    T|`)f`oaf`f"

    Fes` bev oebg`| fa|`ov mbf t|ete|vaebmk l`b`gavs

    ve vmz tmq`|"

    Vmz tekaoq ve oebge|i ve o|av`|am eg lpeqmboq mbf

    `kmsvaoavq

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    Vmzmvaeb < Eln`ovaw`s

    Vmz B`pv|mkavq > ? O|av`|am >e Omtavmk @zte|v B`pv|mkavq

    \mas`s Vmz \`w`bp` lpv

    @oebeiao \`sep|o`s mkkeomv`f pbage|ikq

    Lmsao Msspitvaeb > Se|kf)af` @oebeiao @ggaoa`boq

    e Bmvaebmk B`pv|mkavq Vjas as m faggaopkv oebo`tv

    Aboei` Vmz`f smi` mq a||`st`ovaw` j`|` m|b`f

    e Omtavmk Aite|v B`pv|mkavq )

    Fagg`|`bo` ab Vmz \mv`s ab Fagg`|`bv Oepbv|a`sWmkp`

    Vmz @}pavq > @}pavmlk` Oekk`ovaeb eg Vmz

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    Vmz`s > Lmsas

    Aboei`s > Vmz`f > Fp` e| \`o`atv Lms`f pteb \`saf`bvamk _vmvps Ipkvatk` Aboei` Mw`bp`s >

    Omtavmk Cmabs % Aiiewmlk` T|et`|va`s Lpsab`ss % T|eg`ssaeb Fawaf`bf % Abv`|`sv % \eqmkvq % Iciv" G``s T`|sebmk > M|vasvs % Ipsaoambs % _te|vsi`b

    T`bsaebs

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    Aboei` g|ei < e| Ie|` Oepbv|a`s Ckelmk V|mf` > Aboei` `m|b`f ab imbq oepbv|a`s

    Aboei`s > Omtavmk % \`w`bp` Vmz eb spoj `m|babcs > Vmzmlakavq > Ebo` % Ie|`55 Ipkvatk` Vmz > Pb)gmwep|mlk` ge| lpsab`ss`s Sjmv as vj` sekpvaeb 555

    _ei` Oepbv|a`s mooe|f O|`fav Evj`| Oepbv|a`s `bv`| abve V|`mva`s L`v``b Oepbv|a`s C`b`|mkkq ab kab` avj PB Cpaf`kab`s

    Pbf`|svmbfabc vjmv Aboei` vmz`f ebkq ebo` V|`mva`s ge| Fagg`|`bv tma|s eg Oepbv|a`s Iesv oepbv|a`s jmw` V|`mva`s avj iesv evj`|s Abfam > avj 31 Oepbv|a`s

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    Aboei` g|ei < e| Ie|` Oepbv|a`s

    F`kk Kmtvet ) P_M

    Jm|fm|`

    Ojabm Vmamb Nmtmb

    _egvm|`

    P_M

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    Aboei` g|ei < e| Ie|` Oepbv|a`s

    F`kk P_M ?0

    Jm|fm|`

    Ojabm

    ?=

    Vmamb

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    Vmz Jmw`bs > 4 Oe|te|mv` Vmz

    Lmjmims

    Lmj|mab

    L`|ipfm Omqimb Askmbfs

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    FVMM > Feplk` VmzmvaebMweafmbo` Mc|``i`bv

    Mweafmbo` eg Feplk` Vmzmvaeb Je 555 FVMMs % V|`mva`s Cew`|bi`bvs f`gab` O|av`|am ge| Vmzabc F`gabavaeb eg Aboei` % \mv`s % Fastpv` \`sekpvaeb Gmoakavmv` @zojmbc` eg Abge|imvaeb Pbakmv`|mk Lakmv`|mk

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    FVMM ) Eln`ovaw`s > =116 V|`mvq

    =" C@B@\MK T\ABOATK@ > Vmz`f ab ebkq eb` oepbv|q

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    FVMM ) \ashs

    Tev`bvamk Mlps` Km|c`| IBOs vmh` mfwmbvmc` eg keetjek`s

    _etjasvaomv`f Vmz Tkmbbabc > Oepbv|a`s kes`

    Vmz \`w`bp`

    Imq pts`v oeit`vavaeb % `}pakal|api

    V|mbsg`| T|aoabc > _v|povp|`f ve l`b`gav

    Kaiavmvaeb eb @zojmbc` eg Abge|imvaeb

    Vmz Jmw`bs > Oepkf l`oei` ie|` tetpkm|

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    FVMM Smq ge|m|f

    F`t`bfs pteb oe)et`|mvaeb F`w`ket Se|habc C|epts

    Abo|`ms`f @zojmbc` egL`sv T|movao`s

    Oebvabpeps hbek`fc` sjm|abc

    Af`bvagq Fagg`|`bo`s % Keetjek`s > Ait|ew`

    Iew` vem|fs Oeiieb Oef` kah` AG\_ Pbaga`f mtt|emoj > Sakkabcb`ss ve spoo``f