Will the Biden administration solve Croatia’s issue with double taxation?

The new US administration would change the current course and return to economic globalisation, cooperation with international organisations, and possible joining of new or old trade treaties, according to the vice-president. [Shutterstock/Dedo Luka]

I hope Joe Biden’s new administration “will enable stable and predictable EU-US relations and trade. That would certainly benefit Croatia and our companies operating internationally,” said the vice president for international affairs in Croatian Chamber of Commerce (HGK), Ivan Barbarić, adding that double-taxation is one of the burning issues in Croatia-US relations.

The new US administration would change the current course and return to economic globalisation, cooperation with international organisations, and possible joining of new or old trade treaties, according to the vice-president.

Touching on the subject of double taxation, Barbarić said Croatian companies exported many services to the US last year that brought in €152 million and those companies would benefit the most from a double taxation avoidance agreement.

“We believe the new American administration will also realise the importance of that agreement and sign it as soon as possible,” he added.

An example of good economic and political cooperation between Zagreb and Washington is the LNG terminal off Krk island, which was put to commercial use at the start of this year, the HGK said in a statement. The import of US gas reduced European consumers’ dependence on Russian gas, the statement added.

Croatia would also like to see visas for US travel abolished. (Željko Trkanjec | EURACTIV.hr)

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