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![handle is hein.congrecreports/crptxafid0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS EXEC. REPT.
1st Session SENATE 118-1
TAX CONVENTION WITH CHILE
JUNE 6, 2023.-Ordered to be printed
Mr. MENENDEZ, from the Committee on Foreign Relations,
submitted the following
REPORT
[To accompany Treaty Doc. 112-8]
The Committee on Foreign Relations, to which was referred the
Convention between the Government of the United States of Amer-
ica and the Government of the Republic of Chile for the Avoidance
of Double Taxation and the Prevention of Fiscal Evasion with Re-
spect to Taxes on Income and Capital, Signed in Washington on
February 4, 2010, with a Protocol Signed the Same Day, as Cor-
rected by Exchanges of Notes Effected February 25, 2011, and Feb-
ruary 10 and 21, 2012, and a Related Agreement Effected by Ex-
change of Notes (the Related Agreement) on February 4, 2010
(Treaty Doc. 112-8), having considered the same, reports favorably
thereon with two reservations and two declarations, as indicated in
the resolution of advice and consent, and recommends that the
Senate give its advice and consent to ratification thereof, as set
forth in this report and the accompanying resolution of advice and
consent.
CONTENTS
Page
I. Purpose ........................................................................................................... 1
II. B ackground .................................................................................................... 2
III. M ajor Provisions ............................................................................................ 2
IV . Entry Into Force ............................................................................................ 3
V. Im plem enting Legislation ........................................................................... 3
VI. Com m ittee Action .......................................................................................... 3
VII. Com m ittee Com m ents ................................................................................. 3
VIII. Text of Resolution of Advice and Consent to Ratification ........................ 5
IX. Annex 1.- Technical Explanation ............................................................... 7
I. PURPOSE
The purpose of the proposed Convention, Protocol, and Related
Agreement (together the Treaty) is to promote and facilitate trade
and investment between the United States and Chile. In addition,
the Treaty would prevent avoidance or evasion of the taxes of the
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