19 June 2019 Senate Foreign Relations to mark up tax treaties The Senate Foreign Relations Committee will vote on protocols amending US tax treaties with Switzerland, Luxembourg, Spain and Japan during a business meeting that has been scheduled for June 25 at 2:15 p.m. The four are among tax treaties that have been awaiting action in the Senate for years and held up over Senator Rand Paul's (R-KY) concerns over information sharing provisions. Foreign Relations Committee Chairman Jim Risch (R-ID) has said the plan is to move rapidly on the treaties and that Senate floor time may be allocated to advance them. The business meeting does not list on the agenda new tax treaties with Hungary, Chile and Poland. Foreign Relations Ranking Member Robert Menendez (D-NJ) wrote to Treasury June 11 regarding his concerns about possible reservations for the base erosion anti-abuse tax (BEAT) that may be necessary for the Chile, Poland and Hungary treaties. The issue could require more work to sort out and those treaties could be scheduled for Committee action at a later date. The business meeting is noticed here.
Document ID: 2019-1124 | |||||
