Stopping the North American Union Message Board

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Politics : Stopping the North American Union

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To: Neeka who wrote (48)	9/19/2007 3:26:31 PM
From: Tadsamillionaire	of 111

Canada and U.S. to announce tax treaty changes U.S. Treasury Secretary Henry Paulson will meet with Canadian Finance Minister Jim Flaherty near Ottawa on Friday, when they will announce changes to the Canada-U.S. Tax Treaty, Ottawa said on Wednesday. The two will make a joint statement at a historic estate at Meech Lake, Quebec, located in park just outside of Ottawa. Ottawa has said the two governments plan to eliminate a 10 percent withholding tax on interest payments made by borrowers in one country to lenders in the other. The long-awaited measure would mainly benefit Canadian companies that borrow from U.S. banks. It is estimated the change will cost the Canadian government C$250 million ($246 million) in the two fiscal years to 2009. ($1=$1.01 Canadian) reuters.com

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