Crossing Borders, Cutting Taxes: U.S. Tax Treaties in Global Transactions
The United States has tax treaties with nearly 70 countries to prevent double taxation and curb tax evasion. These treaties, based on Article II, Section 2 of the U.S. Constitution, are reciprocal and generally apply to both countries involved. For U.S. citizens or residents receiving income from a treaty country, these treaties can provide credits, deductions, exemptions, and tax rate reductions. In 2025, tax treaties...