As Congress goes into recess it is obvious that lawmakers will skip the growing pile of tax treaties for review and approval yet again. This will likely push back review of the bi-lateral agreements beyond next session as changes to tax law and priorities have resulted in some small but significant changes. As a result, treaties with established partners will continue to struggle with lack of consistency and uncertainty surrounding key provisions. New taxing relationships will be forced to continue applying the standard or default rules delaying the benefits of a specialized US international tax convention.
International taxation is hard enough without these additional complications and, even more important, uncertainty. However, Wegner Law PLLC can help you establish the tax strategy for your inbound and outbound transactions regardless of what Congress does next. Call or visit Chris Wegner at Wegner Law PLLC in Naples today.