Senate Approves Tax Protocol Amending Treaty With Spain

The Senate on July 16 approved a tax protocol that would amend a tax treaty with Spain, the first success after years of stalled efforts. The vote was 94-2 with Sens. Rand Paul (R-Ky.) and Mike Lee (R-Utah) voting no.

Votes are expected July 17 on three protocols that would amend existing tax treaties with Japan, Luxembourg, and Switzerland.

• Foreign Relations Committee Chairman Jim Risch (R-Idaho) said before the vote that he was glad to see progress. “I’m very happy we are where we are,” he said.
• Finance Committee Chairman Chuck Grassley (R-Iowa) in a July 16 floor speech

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