About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


Ex. Rept. 118-1 1 (2023-06-06)

handle is hein.congrecreports/crptxafid0001 and id is 1 raw text is: AUTHENTICATED U.GOVERNMENT INFORMATION . 118TH CONGRESS EXEC. REPT. 1st Session SENATE 118-1 TAX CONVENTION WITH CHILE JUNE 6, 2023.-Ordered to be printed Mr. MENENDEZ, from the Committee on Foreign Relations, submitted the following REPORT [To accompany Treaty Doc. 112-8] The Committee on Foreign Relations, to which was referred the Convention between the Government of the United States of Amer- ica and the Government of the Republic of Chile for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Re- spect to Taxes on Income and Capital, Signed in Washington on February 4, 2010, with a Protocol Signed the Same Day, as Cor- rected by Exchanges of Notes Effected February 25, 2011, and Feb- ruary 10 and 21, 2012, and a Related Agreement Effected by Ex- change of Notes (the Related Agreement) on February 4, 2010 (Treaty Doc. 112-8), having considered the same, reports favorably thereon with two reservations and two declarations, as indicated in the resolution of advice and consent, and recommends that the Senate give its advice and consent to ratification thereof, as set forth in this report and the accompanying resolution of advice and consent. CONTENTS Page I. Purpose ........................................................................................................... 1 II. B ackground .................................................................................................... 2 III. M ajor Provisions ............................................................................................ 2 IV . Entry Into Force ............................................................................................ 3 V. Im plem enting Legislation ........................................................................... 3 VI. Com m ittee Action .......................................................................................... 3 VII. Com m ittee Com m ents ................................................................................. 3 VIII. Text of Resolution of Advice and Consent to Ratification ........................ 5 IX. Annex 1.- Technical Explanation ............................................................... 7 I. PURPOSE The purpose of the proposed Convention, Protocol, and Related Agreement (together the Treaty) is to promote and facilitate trade and investment between the United States and Chile. In addition, the Treaty would prevent avoidance or evasion of the taxes of the 39-119