	u s to end netherlands antilles tax treaty the treasury department said it notified the netherlands that it was terminating the income tax treaty as it applies to the netherlands antilles and aruba the termination is effective january the treasury said in a two sentence announcement the treasury decided to end the treaty after negotiations between the united states and the netherlands over the past eight years had failed to reach an accord a treasury spokesman said the decision means the sale by u s parent companies of eurobonds through netherlands antilles subsidiaries will no longer be free of the pct u s withholding tax the spokesman said terminating the tax treaty with the netherlands antilles may cause bond issuers to call in the bonds early most have maturities of years or less and were issued before the spokesman said he said the treasury did not expect the action to have an adverse effect on u s issuers of the bonds because the general decline in  rates means they will be able to refinance at lower  rates however the holders of the bonds presumably will be faced with lower yields reuter 
