ANCA Welcomes Congressman Ted Lieu’s Advocacy for a U.S.-Armenia Double Tax Treaty

ANCA Western Region Representatives meet with Congressman Lieu during the August Recess. From Left to Right: ANCA WR Government Affairs Director Tereza Yerimyan, ANCA WR Chair Nora Hovsepian, Representative Ted Lieu CA-33, Ayk Dikijian, Joseph Kaskanian.

LOS ANGELES””The Armenian National Committee of America ”“ Western Region (ANCA-WR) is expressing its appreciation to Congressman Ted Lieu for authoring a letter to U.S. Treasury Secretary Jacob Lew in support of a U.S.-Armenia Double Tax Treaty.

The accord, if concluded, would, by limiting the prospect of double taxation, remove a major barrier to the growth of US ”“ Armenia bilateral trade and investment ”“ a major goal of the ANCA.

In August of this year senior Armenian National Committee of America officials met with U.S. Treasury Secretary Jacob Lew in Washington, DC to press for a new U.S.-Armenia Double Tax Treaty. The current treaty governing double taxation issues between the two countries is the 1973 U.S.-U.S.S.R. Tax Treaty, an outdated forty year-old accord. The ANCA strongly believes that the lack of a double tax treaty between the United States and Armenia creates legal uncertainty that deters potential U.S. investors, diverts investment flows and disadvantages American businesses seeking to invest in the Republic of Armenia.

“Our many ANCA supporters in California’s 33rd Congressional District greatly appreciate Congressman Lieu’s leadership in seeking to bolster economic ties between the United States and Armenia,”