Bilzin Sumberg (JD Supra Romania)
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Foreign Investment In The U.S. Through Romania Just Became More Interesting
All “modern” income tax treaties concluded by the United States contain a “Limitation on Benefits” (LOB) provision. The purpose of such a provision is to prevent “treaty shopping.” Romania is one of the few remaining countries that have comprehensive income tax treaties with the United States that do not contain LOB provisions.
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