U.S. treaty revision spells tax cuts

[Hachiko]

Japan and the United States on Tuesday ratified a revised tax treaty in an exchange of notes, paving the way for summer tax cuts for companies that operate in both nations.

U.S. Ambassador Howard Baker and Vice Foreign Minister Ichiro Aizawa exchange the ratification notes of a revised tax treaty.

The treaty, which represents the first revision to the bilateral pact in 32 years, took effect after Senior Vice Foreign Minister Ichiro Aisawa and U.S. Ambassador Howard Baker exchanged notes during a Tokyo ceremony.

Japan Times