On October 21st, the European American Business Council (EABC) sent a letter to Senate Foreign Relations Committee Chairman Lugar and Ranking Member Biden asking for their committee’s support of the protocol amending the United States – Germany Income Tax Treaty.

The letter outlines EABC’s support for the amended treaty which contains pro-investment and pro-trade reforms of tax practices in both Germany and the United States.  According to Michael Maibach, President and CEO of EABC, “The new US-Germany Tax Treaty reflects more than a decade of careful, bipartisan work by the US Treasury department and its EU counterparts.  It incorporates reforms that foster fair two-way tax treatment, promote robust economic growth and build on the long-term investment partnership between America and Germany.”

EABC Contact: