Cross-border Tax Talks Podcast | TRICK OR TREAT(Y): AN UPDATE ON US TREATIES | NILS COUSIN

Doug McHoney (PwC’s International Tax Services Global Leader) is back in Westminster Studios in St. Louis, Missouri with Nils Cousin, a Washington, D.C. based International Tax Services Principal specializing in US inbound taxation. Together they discuss tax treaties, mutual agreement procedures, the concept of competent authority, the treaty process in the US, recent US tax treaty activities, treaty shopping, the USMCA Trade Agreement, and the future of tax treaties in the United States. Among the treaties and agreements discussed are US treaties and agreements with Chile, Croatia, Hungary, Taiwan, and Russia.
Timestamps:
1:45 - How has Nils’ mathematics degree helped in the world of tax, and how did he get from math, to law, to tax?
4:00 - What is the purpose of tax treaties and what role do they play in international taxation?
5:45 - What does the term ‘competent authority’ mean in the context of tax treaties?
6:50 - What does ‘limitation on benefits’ mean?
10:10 - How do treaties actually assist taxpayers avoid double taxation?
11:55 - What is the process to get a treaty enacted in the United States?
15:30 - What are some of the recent updates regarding US tax treaties?
15:35 - US-Chile Treaty
19:40 - US-Croatia Treaty
24:55 - US-Hungary Treaty
29:20 - US-Taiwan Tax Agreement
32:05 - US-Russia Treaty
36:45 - US-Mexico-Canada Trade Agreement
42:30 - Do you have a near term prediction regarding US tax treaties?
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