Protocol to U.S.-Canadian Tax Treaty Indicates Trend to Strengthened Tax Enforcement Cooperation in Tax and Criminal Cooperation Agreements

On August 31, 1994, the U.S. and Canadian Governments concluded a protocol to the Tax Treaty, signaling a trend to enhance fiscal enforcement provisions in both tax and criminal cooperation agreements. The protocol to the U.S.-Canadian tax treaty includes provisions on assistance in tax collection and improved provisions on exchange of information. Other U.S. tax treaties and criminal cooperation agreements, including those with key countries, such as Austria, Luxembourg, and Switzerland, will also include strengthened tax enforcement cooperation provisions...(more)