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U.S. Senate Working on Approval of Pending Tax Treaties and Protocols

U.S. Senate leaders are reportedly working on the approval of pending U.S. tax treaties and treaty protocols despite objections, primarily from U.S. Senator Rand Paul R-KY, regarding exchange of information concerns. This includes:

  • The 2010 income and capital tax treaty with Chile, which is the first of its kind between Chile and the U.S.;
  • The 2010 income tax treaty with Hungary, which will replace the 1979 treaty; and
  • The 2013 income tax treaty with Poland, which will replace the 1974 treaty.

The pending protocols include:

  • The 2013 protocol to the 2003 income tax treaty with Japan;
  • The 2009 protocol to the 1996 income and capital tax treaty with Luxembourg;
  • The 2013 protocol to the 1990 income tax treaty with Spain; and
  • The 2009 protocol to the 1996 income tax treaty with Switzerland.

There is also a pending tax treaty with Vietnam, signed in 2015, although this is apparently not currently being pushed.

Due to Senator Paul's objections, a more difficult approach is needed for the tax instruments to be approved, which is being worked on. No U.S. treaties or protocols have been approved by the Senate since Senator Paul took office in 2011.

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