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Senate approves Chile tax treaty resolution

22 June 2023

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Tax Alerts, Legislation & Policy, Treaties, Treaties

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United States

The Senate June 22 approved the Resolution of Advice and Consent to Ratification for Treaties Cal. #1, Tax Convention with Chile (Treaty Doc. 112-8) on a 95-2 vote. Senators Rand Paul (R-KY) and Josh Hawley (R-MO) voted against the resolution.Senate Majority Leader Chuck Schumer (D-NY) repeatedly emphasized the treaty’s importance, stating June 20, “A lot is at stake in our treaty with Chile, including America's global competitiveness and the future of our clean energy transition … Chile is one corner of the so-called Lithium Triangle, home to the world’s largest lithium reserves and currently the second largest lithium producer.” He...