Sherman Urges Treasury Secretary Lew to Work on Armenia Tax Treaty

Rep. Brad Sherman
Rep. Brad Sherman

Rep. Brad Sherman

Washington–Congressman Brad Sherman (D-CA), a senior member of the House Financial Services and Foreign Affairs Committees, has called on the administration to negotiate a new tax treaty between the United States and Armenia.

At a recent hearing before the Financial Service Committee, Sherman told Treasury Secretary Jacob Lew that currently, “we have a chicken and egg circumstance. You don’t get the business investment because you don’t have the tax treaty. Then you don’t need the tax treaty because you don’t have the business investment.
“We have tax treaties with scores of countries around the world. We devote a substantial amount of money to trying to achieve our international development goals and can always provide foreign aid to Armenia. But we can also achieve those goals by having a tax treaty.”

The Armenian National Committee of America applauded Sherman’s advocacy. “We join with Congressman Sherman in calling for a U.S.-Armenia Double Tax Treaty and thank him for his strong leadership in promoting expanded economic relations between the United States and Armenia,” said ANCA Executive Director Aram Hamparian. “Beyond the powerful benefits in terms of business growth, such an accord would meaningfully build on the enduring friendship of the American and Armenian peoples, further anchoring Armenia to the West, and providing Yerevan with greater strategic options and independence in dealing with regional powers.”

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4 Comments

  1. State of Emergency said:

    “….further anchoring Armenia to the West, and providing Yerevan with greater strategic options and independence in dealing with regional powers.”

    In other words, getting loose from the Russian bear hug.

    • Raffi said:

      Don’t think that the west is better than Russia, see how they are treating the refugees in Europe, when push comes to shove they are worst,

    • boghos jermag said:

      Is it better to be in a Russian bear hug, or the jaws of the Turkish/NATO wolf?

      Last I checked, Armenia was once divided between three empires, Russian, Ottoman/Turkish, and Persian. The Russian portion is independent, the population from the Ottoman/Turkish decimated, and the population from Iran are all fleeing to the west.

      I ask you, which is the lesser of all evils?

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