31 U.S. House members representing 22 million Americans have called for a new U.S.-Armenia Double Tax Treaty
Secretary Mnuchin Commits to Pursue Accord during Congressional Hearing
WASHINGTON—Treasury Secretary Steven Mnuchin received a Congressional clarion call to action from Armenian Caucus Co-Chair David Valadao (R-CA), senior Foreign Affairs Committee member Brad Sherman (D-CA), and 29 of their House colleagues to renegotiate the existing, outdated Double Tax Treaty with Armenia, an obsolete Cold War-era accord – recognized today by the U.S. but not Armenia – that was negotiated with the now defunct U.S.S.R. more than four decades ago.
On the same day, Secretary Mnuchin, responding to growing Congressional interest, testified that the Treasury Department will dedicate staff resources to pursuing a U.S.-Armenia Double Tax Treaty.
“We commend Representatives Valadao and Sherman and their colleagues – collectively representing over 22 million Americans – for taking concrete steps to eliminate obstacles to enhanced U.S.-Armenia trade by calling for a new U.S.-Armenia Tax Treaty,â€
