Representatives from PricewaterhouseCoopers outlined the benefits of an international tax treaty between the United States and Belgium at a seminar in New York.

The treaty, which was signed on Nov. 27, 2006, replaces one from 1970 that was amended in 1987. "The treaty is extremely competitive and consistent with U.S. treaties going back to the U.K. in 2001," said Oren Penn, principal of the U.S. Inbound Group of PwC's National Tax Services office.

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