US Treasury Department releases report on study of US tax treaties

The US Treasury Department has released a report of a study it conducted on US tax treaties. The announcement that accompanied the report states that the study of US tax treaties focused on the need to prevent third-country residents from inappropriately obtaining the benefits of US tax treaties, in particular by achieving inappropriate reductions in US withholding taxes.

The study found that in recent years, interest payments from foreign-controlled US corporat…