WASHINGTON, DC - David Kautter, the incoming Assistant Secretary of the Treasury for Tax Policy, expressed willingness, during his Senate confirmation process, to engage with Congressional stakeholders and professional Treasury Department staff regarding a U.S.-Armenia Double Tax Treaty, an economic accord, backed by the Armenian National Committee of America (ANCA), aimed at removing barriers to the growth of bilateral trade and investment. 

Kautter's comments were reinforced earlier today by Acting Assistant Secretary of State John Heffern, who, in response to questions posed by Rep. Brad Sherman (D-CA) during a Congressional hearing, testified that a U.S.-Armenia Double Tax Treaty is “under active consideration” by the Department of State.

Kautter's nomination, which was unanimously approved by the Senate Finance Committee on July 18th, has been sent to the full Senate.  During his confirmation timeframe, he was asked about a U.S.-Armenia Tax Treaty by Senator Bob Menendez (D-NJ), who sits on the Finance Committee, and Representative Brad Sherman, a member of the House Foreign Affairs Committee, who is widely recognized as a top Capitol Hill expert on international tax policy.  Responding to Congressional inquiries, Kautter committed, if confirmed, to study how to “adequately address any impediments to U.S.-Armenia economic relations.”  In response to separate questions, he specifically expressed his willingness to examine the “pros and cons of a Tax Treaty with Armenia,” and, more broadly, to “learn more about the barriers to U.S.-Armenia economic relations.”

Heffern, who served as Ambassador to Armenia from 2011 to 2014, is widely credited for the pivotal role he played in supporting Armenia's aid to trade transition, including through a variety of bilateral initiatives, including the U.S.-Armenia Trade and Investment Framework Agreement finalized in May of 2015.

“We are gratified to see that both our Treasury and State departments are increasingly open to negotiating a U.S.-Armenia Double Tax Treaty, a long overdue bilateral accord that will, once ratified, remove a major barrier to the further growth of the U.S.-Armenia economic relationship,” said ANCA Executive Director Aram Hamparian.  “We look forward to continuing our work with stakeholders in Washington and Yerevan to pursue mutually-beneficial, job-creating initiatives across IT, healthcare, tourism, finance, education, and other sector-specific drivers of economic growth.”