WASHINGTON DC. – National Foreign Trade Council (NFTC) Vice President for International Tax Policy Anne Gordon today issued the following statement:
“The U.S.-Chile Tax Treaty will offer U.S. companies operating in Chile long-sought certainty that will allow them to fairly compete in a country with enormous potential in Latin America – a region where the U.S. currently only has two other treaties. U.S. companies currently pay a higher tax rate than those incorporated in the country, putting them at a comparative disadvantage when competing in the Chilean market. We commend the Foreign Relations Committee for favorably reporting the Treaty today and we urge the Senate to quickly approve the ratification, so we can continue our forward progress towards increased business opportunities in the country.”
About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.