Amanda Harrell

Nov 13, 2024 | bdo.com | Amanda Harrell |Tom McGlynn

The U.S. Department of the Treasury on October 29, 2024, announced that the U.S. and Taiwan will begin negotiations on a comprehensive agreement to address double taxation issues. While these negotiations will not immediately result in a double taxation convention between the U.S. and Taiwan, such a treaty would reduce the current barriers that cross-border workers in the two jurisdictions face regarding double taxation.

Jan 26, 2024 | bdo.com | Amanda Harrell |Tom McGlynn

On July 8, 2022, the U.S. provided diplomatic notification to the government of the Republic of Hungary of its termination of the U.S.-Hungary income tax treaty, which had been in force since 1979. The U.S. Treasury Department stated that the treaty’s benefits were no longer mutual and cited low economic benefits for the U.S. as the reason for the termination. For prior coverage, see U.S. Treasury Makes Rare Move to Terminate Tax Treaty With Hungary Amid Minimum Tax Debate.