Senate Foreign Relations committee holds hearing on tax treaties
09 June 2011
The Senate Foreign Relations committee, the US congressional body responsible for formulating foreign policy, held a hearing Wednesday on pending treaties related to taxation and transparency in reporting.
Five
high-ranking US government officials testified about the details of the
agreements during the meeting.
The
committee discussed protocols amending treaties with Switzerland, Luxembourg
and a convention with Hungary. The latter two also have sections on the
prevention of tax evasion.
Manal
Corwin, deputy assistant secretary for international tax affairs at the US
Department of Treasury, stressed that the pending agreements help to facilitate
“the need...
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