WASHINGTON, D.C. - U.S. Chamber Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement upon the Senate’s overwhelming vote of consent to the ratification of the U.S.-Chile Tax Treaty:
“The Chamber applauds the Senate for an overwhelmingly bipartisan vote to support the U.S.-Chile Tax Treaty, which will ensure U.S. companies doing business in Chile aren’t singled out for higher taxes. Recent changes to Chilean tax law threatened to hike tax rates for U.S. firms while sparing companies headquartered in the two dozen countries — from China to Europe and Latin America — with which Chile already has tax treaties in place. Today’s actions will not only strengthen a bilateral trade and investment relationship that supports tens of thousands of good jobs in the U.S. and Chile but also serves as a clear example of how the Senate can work across party lines to deepen our nation’s ties with a key ally.”
