AmCham asks for negotiations on US-Croatian tax treaty

AmCham asks for negotiations on US-Croatian tax treaty

AmCham asks for negotiations on US-Croatian tax treaty Izvor: Freeimages

The American Chamber of Commerce in Croatia (AmCham) presented a document to the US government requesting bilateral negotiations on a double taxation treaty between the United States and Croatia, AmCham reported on Monday.

The document, titled "Arguments in Favor of a Double Taxation Treaty Between Croatia and the United States of America" was presented to Marjorie Chorlins, Vice President for European Affairs at the US Chamber of Commerce, in Washington.

Double taxation treaties are international contracts signed by countries which aim to reduce or eliminate double taxation of income earned by residents of each country from sources within the other country. These treaties can help promote and foster closer economic cooperation by eliminating some barriers to trade and investment caused by overlapping taxing jurisdictions.

The absence of this treaty between the United States and Croatia reduces transparency in doing business, puts a considerable tax and administrative burden on Croatian companies wishing to do business in the US and vice versa, and reduces the transfer of knowledge between the two countries, AmCham said.

It also puts Croatia at a disadvantage in relation to other EU member states which already have similar treaties with the US in place, AmCham added.

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

NAJČITANIJE

POPULARNO NA DRUŠTVENIM MREŽAMA

READ MORE

NEWS

NEWS

White House delegation cancels Davos trip 17:49 h

17:49 h  |  NEWS

NEWS

NEWS

Report: In 2016 tourism accounted for 16.9 percent of Croatia's GDP 13:30 h

13:30 h  |  NEWS

NEWS

NEWS

China confirms trade negotiator will travel to Washington for talks this month 17.01.2019.

17.01.2019.  |  NEWS

NEWS

NEWS

Police file charges against 59-year-old man for wartime Skabrnja massacre 17.01.2019.

17.01.2019.  |  NEWS

NEWS

NEWS

Ministry official quits over texts recommending breaking into empty flats 17.01.2019.

17.01.2019.  |  NEWS

NEWS

NEWS

Facebook takes down anti-NATO pages linked to Russian news agency Sputnik 17.01.2019.

17.01.2019.  |  NEWS

NEWS

NEWS

Croatia's business association calls for more reforms before euro adoption 17.01.2019.

17.01.2019.  |  NEWS

NEWS

NEWS

Russia’s Vladimir Putin arrives for a one-day visit to Belgrade 17.01.2019.

17.01.2019.  |  NEWS

loader