News & Insights

Washington D.C. – The National Foreign Trade Council (NFTC) today released its 2023 Tax Treaty Survey after a several year hiatus.

The survey, which was answered by tax professionals for NFTC member companies, asked businesses to rate their tax treaty priorities around the world.

“Tax treaties give U.S. companies certainty when competing in international markets. Without these treaties, our companies face higher tax rates than their competitors and their employees abroad often face the burden of double taxation on their income,” said NFTC VP for International Tax Policy Anne Gordon. “It is clear from this survey that U.S. companies are clamoring for the Administration to prioritize the negotiation of these agreements with a variety of countries all around the world where their companies already have substantial presence.”

Highlights of the report include:

• Brazil was identified as the most important to respondents.
  The next tier of countries that were identified as #1 priority to respondents are: Taiwan followed by Singapore, Saudi Arabia and Switzerland.
• Issues listed as priorities within these countries include Transfer Pricing, reducing withholding rates on Royalties and Dividends, the Mutual Agreement Process (MAP) and Covered Taxes.
• Countries with the overall most requests for a Treaty were Brazil, Singapore, Taiwan and India. The next tier includes Colombia, Hungary, Saudi Arabia, and Switzerland followed by Malaysia, Mexico and the UK.
• In total, respondents requested treaties with 31 countries.

Read the full results here.

An infographic of the top most requested countries can be found here.

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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.