The Foreign Relations Committee of the US Senate held hearings on 17 July 2007 on the protocol, which was signed on 1 June 2006, to the income tax treaty between Germany and the United States. The Senate hearings are expected to lead to the US ratification of the protocol.
On 18 July 2007, the US Treasury Department released the text of the US Technical Explanations of the above protocol. The texts of the statement of the International Tax Counsel of the US Tre…