{"id":14863,"date":"2018-07-16T07:47:53","date_gmt":"2018-07-16T07:47:53","guid":{"rendered":"https:\/\/ancnews.info\/?p=14863"},"modified":"2018-07-16T07:47:53","modified_gmt":"2018-07-16T07:47:53","slug":"rep-brad-sherman-continues-pressure-to-secure-new-u-s-armenia-tax-treaty","status":"publish","type":"post","link":"https:\/\/ancnews.info\/?p=14863","title":{"rendered":"Rep. Brad Sherman Continues Pressure to Secure New U.S.-Armenia Tax Treaty"},"content":{"rendered":"

— Stresses Importance of ANCA-Backed Accord to Treasury Secretary Mnuchin during Financial Services Hearing <\/strong><\/p>\n

WASHINGTON, DC \u2013 House Financial Services Committee senior member Rep. Brad Sherman (D-CA) once again called on U.S. Treasury Secretary Steven Mnuchin to work with the Armenian Government toward a new Tax Treaty that would, by eliminating the threat of double taxation, remove a key barrier to investment and facilitate the growth of transparent, sustainable bilateral economic cooperation.
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UNITED STATES – MARCH 04: Rep. Brad Sherman, D-Calif., speaks during a House Foreign Affairs Subcommittee on Middle East and North Africa hearing in Rayburn titled “Iran’s Support for Terrorism Worldwide.” (Photo By Tom Williams\/CQ Roll Call)<\/figcaption><\/figure>\n

During a July 12th Committee hearing, Rep. Sherman reminded Treasury Secretary Mnuchin of his commitment to \u201chave at least one tax lawyer spend 28 hours on the project\u201d which coincided with the number of co-signers of a Congressional letter, lead by Rep. Sherman and Rep. David Valadao (R-CA) urging U.S. leadership in replacing the outdated and obsolete Soviet-era U.S.-USSR treaty. That letter ended up being signed by 31 U.S. Representatives.<\/p>\n

Rep. Sherman went on to note, \u201cthat work has not begun and it’s not your fault. The Armenian government has had a lurch toward democracy and transparency, that many of us applaud. Things are a little bit of a state of tumult still in Yerevan. I’m assured that when things calm down, the Armenian government will approach us, committed to the kinds of transparency that our model tax treaty calls for\u2026\u201d<\/p>\n

Video of Rep. Sherman\u2019s remarks during the Committee hearing is available at:
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