The US Treasury Department announced on 13 January 2009, that France and the United States signed a protocol to the income and capital tax treaty signed on 31 August 1994 as amended by the protocol signed on 8 December 2004.
In addition, the two countries signed a memorandum of understanding (MoU) with rules and procedures for implementing the new binding arbitration process added by the protocol for unresolved mutual agreement cases.
The protocol is considered an upda…