The French Public Finances General Directorate has published a notice on the effect of the most-favored nation (MFN) clauses of nine tax treaties. The effects of the clauses and the triggering tax treaties are summarized as follows: 1994 Tax Treaty with Bolivia: 10% withholding tax rate for dividends if the beneficial owner is a company directly holding at least 25% of the paying company's capital (1997 Bolivia-Spain treaty); Withholding tax exemption for interest paid in connection with the sale on credit of industrial, commercial, or scientific equipment (1997 Bolivia-Spain treaty); and Withholding tax exemption for royalties paid for the use,...