Tax treaty update - JCT explanation of Protocol to amend OECD mutual administrative assistance convention 

February 21: The Joint Committee on Taxation (JCT) today released an explanation of a Protocol that, if ratified, would amend the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

The Protocol is pending ratification by the United States (as a member of the Organisation for Economic Cooperation and Development)), and the Senate Foreign Relations Committee has scheduled a public hearing on the Protocol for February 26, 2014.

Read the JCT explanation: X-9-14 [PDF 673 KB]

  • The first part of the JCT explanation provides a summary of the Protocol, an overview of the development of the OECD standards for administrative assistance, and an overview of U.S. tax administration in a cross-border context.
  • The second part provides a detailed, article-by-article explanation of the proposed Protocol.
  • The third part presents a discussion of issues raised by the Protocol.

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