Tax Treaties Will Get Senate Committee Review

The Senate Foreign Relations Committee will consider four protocols updating existing tax treaties on June 25, moving the U.S. closer to ratifying a tax treaty for the first time in nine years.

The committee meeting marks an important step forward after nearly a decade of inaction. There are currently seven treaties are pending before the Senate, where they have been held up for years by Sen. Rand Paul (R-Ky.). He has cited concerns that they compromise U.S. citizens’ private information.

Three of the pending treaties—with Chile, Hungary, and Poland—are new, and four—with Japan, Luxembourg, Spain, and Switzerland—are protocols to ...