{"id":1954582,"date":"2023-06-22T18:16:02","date_gmt":"2023-06-22T22:16:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-votes-ratify-us-chile-tax-treaty-securing-american-lithium-access\/"},"modified":"2023-06-22T18:19:26","modified_gmt":"2023-06-22T22:19:26","slug":"senate-votes-ratify-us-chile-tax-treaty-securing-american-lithium-access","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-votes-ratify-us-chile-tax-treaty-securing-american-lithium-access\/","title":{"rendered":"Senate ratifies US-Chile tax treaty, securing American lithium access."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsenate-votes-ratify-us-chile-tax-treaty-securing-american-lithium-access%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1954582&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"post_content\">\n<div class=\"aplayer_app\" data-source=\"https:\/\/vs1.youmaker.com\/assets\/2023\/0622\/350721f7-fa75-469c-a948-d7c269916bd4\/audio.mp3?length=2842605&#038;duration=237\"><\/div>\n<\/p>\n<h2>A Landmark Decision: U.S.-Chile Tax Treaty Ratified<\/h2>\n<p>On June 22, the Senate made history with a landslide final vote in favor of ratifying the critical U.S.-Chile tax treaty. This momentous decision, with a resounding 95-2 majority, came after years of negotiations and legislative hurdles.<\/p>\n<p>The U.S.-Chile tax treaty, in the works since 2010, holds immense significance for American companies operating in Chile. Without this treaty, existing mining operations would face a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-votes-ratify-us-chile-tax-treaty-securing-american-lithium-access\/\" title=\"Senate ratifies US-Chile tax treaty, securing American lithium access.\">staggering 47 percent tax rate<\/a>, jeopardizing their financial stability and access to the country&#8217;s abundant lithium and copper reserves.<\/p>\n<p>Initially, the treaty faced opposition led by Sen. Rand Paul (R-Ky.), who raised concerns about potential information security risks for U.S. citizens. However, after revisions and deliberations, the final round of voting saw only two dissenting votes, with Sen. Paul and Sen. Josh Hawley (R-Mo.) opposing the treaty.<\/p>\n<p>Once President Joe Biden ratifies the treaty, Chile will become the third Latin American nation to have a double tax treaty with the United States, joining a select group of countries that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-uses-ukraine-war-to-promote-belt-and-road-in-africa\/\" title=\"China Uses Ukraine War to Promote Belt and Road in Africa\">promote economic cooperation<\/a> and competitiveness.<\/p>\n<h3>Benefits and Boosts<\/h3>\n<p>The approval of the U.S.-Chile tax treaty by the Chilean Congress in 2015 brings numerous advantages for both nations. It fosters increased investment, reduces withholding tax rates on interest payments and royalties, and significantly lowers the Chilean capital gains tax rate.<\/p>\n<p>This development is particularly crucial for American mining operations in Chile, with companies like Freeport McMoRan Copper &#038; Gold Inc. and Albemarle Corporation leading the way in mining extraction.<\/p>\n<blockquote>\n<p>&#8220;Chile is the home to the world&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/morning-wire-supreme-court-upholds-texas-pro-life-law-chinas-presence-in-afghanistan-florida-withholds-salaries-from-school-board-members\/\" title=\"Morning Wire: Supreme Court Upholds Texas Pro-Life Law, China\u2019s Presence In Afghanistan, Florida Withholds Salaries From School Board Members\">largest lithium reserves<\/a>, the precious metal used in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-national-intelligence-director-im-concerned-about-bidens-china-policies-not-backed-by-intel\/\" title=\"Former National Intelligence Director: \u2018I\u2019m Concerned\u2019 About Biden\u2019s China Policies, Not Backed By Intel\">emerging technologies<\/a> like iPhones, EV batteries, and renewable energy storage. So, as the world races to advance clean energy technologies, Chile will be a critical ally for anyone looking to lead the way.&#8221;<\/p>\n<footer>&#8211; Senate Majority Leader Chuck Schumer (D-N.Y.)<\/footer>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It was a landslide final vote in the Senate on June 22, favoring the U.S.-Chile tax treaty ratification. The legislative body surpassed the two-thirds supermajority required to approve treaties at 95\u20132, a day prior. The treaty has been in progress since 2010, but finally cleared the last legislative hurdles.<\/p>\n","protected":false},"author":334,"featured_media":1954583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1954582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1954582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/334"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1954582"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1954582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1954583"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1954582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1954582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1954582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}