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 You are in: Under Secretary for Economic, Energy and Agricultural Affairs > Bureau of Economic, Energy and Business Affairs > All Remarks and Releases > Other Releases > 2005

U.S. and Sweden Sign Protocol to Income Tax Treaty

Released by the Bureau of Economic and Business Affairs

Assistant Secretary of State for Economic and Business Affairs E. Anthony Wayne and Swedish Ambassador Gunnar Lund September 30 signed a new Protocol to amend the existing bilateral income tax treaty between the United States and Sweden, concluded in 1994.Assistant Secretary of State for Economic and Business Affairs E. Anthony Wayne and Swedish Ambassador Gunnar Lund September 30 signed a new Protocol to amend the existing bilateral income tax treaty between the United States and Sweden, concluded in 1994.  

Subject to Senate approval and subsequent entry into force, the Protocol will significantly reduce tax-related barriers to trade and investment flows between the United States and Sweden. It would also modernize the treaty to take account of changes in the laws and policies of both countries since the current treaty was signed. The Protocol would bring the tax treaty relationship with Sweden into closer conformity with U.S. treaty policy. 

The most important aspect of the Protocol deals with the taxation of cross-border dividend payments. The Protocol is one of a few recent U.S. tax agreements that would provide an elimination of the withholding tax on dividends arising from certain direct investments.

The Department of the Treasury is the lead agency within the U.S. government for the negotiation of tax treaties.  Copies of the Protocol are available from the Office of Public Affairs, Treasury Department, Room 2321, Washington, D.C. 20220, (202) 622-2960, or on the Internet at http:/www.treas.gov/taxpolicy/library/sweden.pdf.

Released on October 4, 2005


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