Treasury Announces U.S.-Ireland Tax Treaty Talks.

The Treasury Department announced June 5 that the United States and Ireland have agreed to negotiate a new income tax treaty. The talks are set to begin in Dublin the week of July 24, 1995, according to a Treasury news release.

The current U.S.-Ireland treaty was signed in 1949, making it one of the oldest U.S. income tax treaties still in force. The new treaty will include "rates of withholding tax and mutual agreement procedures under which tax authorities can resolve cases of double taxation," Treasury noted.

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U.S., IRELAND TO NEGOTIATE NEW TAX TREATY

The United States and Ireland have agreed to negotiate a new income tax treaty, the Treasury Department said Monday.

A first round of talks is scheduled for the week of July 24, 1995 in Dublin.

The current treaty was signed in 1949 and is one of the oldest U.S. tax treaties still in force. The new treaty likely will better reflect current tax policies of the two countries, including rates of withholding tax and mutual agreement procedures under which tax authorities can resolve cases of double taxation.

Interested persons are invited to send comments to: the Department of the Treasury, Office of the International Tax Counsel, Room 3064, 1500 Pennsylvania Ave., N.W., Washington, D.C. 20220.