CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. US Companies Urge Senate To Approve Tax Treaties

US Companies Urge Senate To Approve Tax Treaties

by Mike Godfrey, Tax-News.com, Washington

10 May 2019


In a letter published on April 29, 2019, the United States National Foreign Trade Council urged the Senate to approve several pending double tax avoidance treaties.

The letter, signed by more than 85 US companies, highlights the important role of income tax treaties in fostering bilateral trade relations and protecting US taxpayers from double taxation.

The letter, addressed to Senate Majority Leader Mitch McConnell (R-KY) and Senate Foreign Relations Committee Chairman James Risch (R-ID), states: "The bilateral income tax treaties and protocols pending before the Senate Foreign Relations Committee are important to US economic growth and US trade and tax policy. For over eighty years, income tax treaties have played a critical role in fostering US bilateral trade and investment and protecting US businesses, large and small, from double taxation of the income they earn from selling goods and services in foreign markets."

"We ask for your support for these treaties and protocols and also ask for expeditious action on them by both the Senate Foreign Relations Committee and the Senate."

According to the US State Department, as of January 2, 2019, the following tax agreements signed by the US were pending in the Senate:

  • A Convention with Hungary, signed on February 4, 2010, and submitted to the Senate on November 15, 2010;
  • A Protocol amending the tax treaty with Luxembourg, signed on May 20, 2009, and submitted to the Senate on November 15, 2010;
  • A Protocol amending the tax treaty with Switzerland, signed on September 23, 2009, and submitted to the Senate on January 26, 2011;
  • A Convention with Chile, signed on February 4, 2010, and submitted to the Senate on May 17, 2012;
  • A Protocol amending the tax treaty with Spain, signed on January 14, 2013, and submitted to the Senate on May 7, 2014;
  • A Convention with Poland, signed on February 13, 2013, and submitted to the Senate on May 20, 2014; and
  • A Protocol amending the tax treaty with Japan, signed on January 24, 2013, and submitted to the Senate on April 13, 2015.

TAGS: tax | investment | business | double tax agreement (DTA) | Chile | Hungary | tax avoidance | Luxembourg | agreements | Poland | Spain | Switzerland | United States | trade | Japan | services

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »