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Trick or treat(y): An update on US treaties
Cross-border Tax Talks
Senate Unlikely to Ratify Pending Treaty with Hungary
The pending treaty with Hungary is unlikely to be ratified by the Senate due to lack of support from the administration and the Republicans. The Democrats are unlikely to go against the Democratic president's decision to not have a treaty relationship with Hungary. Therefore, the status quo is expected to continue. It's important to note that starting from January 1, 2024, the treaty benefits will no longer be available.
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