Treasury Secretary to pursue U.S.-Armenia Double Tax TreatyFebruary 7, 2018 - 11:29 AMT PanARMENIAN.Net - U.S. Treasury Secretary Steven Mnuchin, during Congressional testimony on Tuesday, February 6 before the U.S. House Financial Services Committee, 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, reported the Armenian National Committee of America (ANCA). Rep. Sherman was joined by Rep. David Valadao (R-CA) in collecting the Congressional signatures of their House colleagues on a letter to Secretary Mnuchin in support of the Tax Treaty. He referenced the legislators in his question to the Secretary, asking whether, in response to their calls to action, the Treasury Department would dedicate 28 hours (the number of Congressional signatures collected to date) to negotiating this agreement. Secretary Mnuchin replied in the affirmative, noting: "Yes, I can commit the 28 hours." "We are grateful for Congressman Sherman's policy expertise and persistence in securing the support of Secretary Mnuchin for a mutually-beneficial U.S.-Armenia Double Tax Treaty," said ANCA Chairman Raffi Hamparian. "We look forward to the Treasury Department moving forward with this accord, a long-term ANCA priority that will - by removing the threat of double taxation - eliminate a major barrier to the growth of the U.S.-Armenia economic partnership." The U.S. has Double Tax Treaties with many small countries, including Estonia, Jamaica, Latvia, Lithuania, Malta, and Slovenia. Armenia has Double Tax Treaties with many advanced countries, including Austria, Belgium, Canada, China, France, Italy, the Netherlands, Poland, Russia, and the United Kingdom. Photo: 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 | Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. |