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Treasury has advised that further to the Treasurer’s announcement on 17 November 2006, officials from the Australian Treasury and Japanese Ministry of Finance have agreed to commence formal talks to revise the current tax treaty between the two countries. The negotiations are scheduled to begin in Tokyo on 22 January 2007. The negotiations will seek to modify the existing tax treaty, which has been in force since 1970.

For a copy of Treasury's advice, go here

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