U.S. Senate Committee on Foreign Relations Focuses on Information Exchange and Enforcement Aspects of Pending Tax Treaties

The U.S. Senate Committee on Foreign Relations, with Senators Ben Cardin (D-Md.) and Senator Barrasso (R-Wyo) attending, held a hearing on pending U.S. income tax treaties.  In particular, they considered five treaties, double Tax treaties with Hungary, Chile, proposed protocols to the DTAs with Switzerland and Luxembourg, and the Convention on Administrative Assistance in Tax Matters.  This discussion is limited only to the enforcement aspects of the pending treaties.[1]