ANCA engages U.S. Treasury Secretary on U.S.-Armenia tax treatyFebruary 28, 2018 - 12:11 AMT PanARMENIAN.Net - U.S. Treasury Secretary Steven Mnuchin, during a World Affairs Council event in Los Angeles on Monday, February 26, had a constructive exchange with ANCA Chairman Raffi Hamparian about the mutual benefits of a U.S.-Armenia Double Tax Treaty, ANCA says. In response to Hamparian's question, Secretary Mnuchin explained that the purpose of such accords would be to "make sure that there is no double tax for trade and investment." He added, "we want to make sure other countries tax our companies fairly when they’re doing business there, and visa-versa." During recent Congressional testimony, the Secretary committed to devoting Treasury Department resources to pursuing a Tax Treaty with the Republic of Armenia. "I am pleased that ANCA Chairman Raffi Hamparian and I had a chance to share the advantages of a new U.S.-Armenia Double Tax Treaty with Secretary Mnuchin," remarked ANCA National Board member Aida Dimejian. "It is crystal clear that Secretary Mnuchin understands the benefits of treating companies fairly with respect to taxation - whether they are conducting business from the United States into Armenia or the other way around," Dimejian added. "The ANCA is eager to see concrete progress on a Double Tax Treaty coming out of the much-awaited meeting this March 19th in Washington, DC of the U.S.-Armenia Trade and Investment Framework Agreement council," noted Dimejian. "As soon as the terms have been agreed upon - very likely based upon the current U.S. model treaty - and a final accord signed, we look forward to engaging with members of the U.S. Senate, in particular those serving on the Foreign Relations Committee, who are charged, under our Constitution, with ratifying all American treaties." Earlier this month, Secretary Mnuchin testified before the U.S. House Financial Services Committee and agreed – in response to direct questioning by Representative Brad Sherman (D-CA) – to commit Treasury Department officials to pursue a new U.S.-Armenia Double Tax Treaty, a long-overdue bilateral accord that will remove barriers to the growth of U.S.-Armenia economic relations. AP/REX/SHUTTERSTOCK. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). |