March 13, 2008: Congressional Record publishes “REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 110-15”

March 13, 2008: Congressional Record publishes “REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 110-15”

ORGANIZATIONS IN THIS STORY

Volume 154, No. 43 covering the 2nd Session of the 110th Congress (2007 - 2008) was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 110-15” mentioning the U.S. Dept of State was published in the Senate section on pages S2187 on March 13, 2008.

The publication is reproduced in full below:

REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 110-15

Mr. REID. As in executive session, I ask unanimous consent that the injunction of secrecy be removed from the following treaty transmitted to the Senate on March 13, 2008, by the President of the United States:

Protocol Amending 1980 Tax Convention with Canada (Treaty Document No. 110-15).

I further ask that the treaty be considered as having been read the first time; that it be referred, with accompanying papers, to the Committee on Foreign Relations and ordered to be printed; and that the President's message be printed in the Record.

The PRESIDING OFFICER. Without objection, it is so ordered.

The message of the President is as follows:

To the Senate of the United States:

I transmit herewith, for Senate advice and consent to ratification, the Protocol Amending the Convention Between the United States of America and Canada with Respect to Taxes on Income and on Capital done at Washington on September 26, 1980, as Amended by the Protocols done on June 14, 1983, March 28, 1984, March 17, 1995, and July 29, 1997, signed on September 21, 2007, at Chelsea (the ``proposed Protocol''). The proposed Protocol would amend the existing income tax Convention between the United States and Canada that was concluded in 1980, as amended by prior protocols (the ``existing Treaty''). Also transmitted for the information of the Senate is the report of the Department of State with respect to the proposed Protocol.

The proposed Protocol would eliminate withholding taxes on cross-

border interest payments. In addition, the proposed Protocol would coordinate the tax treatment of contributions to, and other benefits of, pension funds for cross-border workers. The proposed Protocol also includes provisions related to the taxation of permanent establishments, so-called dual-resident corporations, income derived through certain entities that are considered fiscally transparent, and former U.S. citizens and long-term residents. The proposed Protocol further strengthens the existing Treaty's provisions that prevent the Treaty's inappropriate use by third-country residents. The proposed Protocol also provides for mandatory resolution of certain cases before the competent authorities.

I recommend that the Senate give early and favorable consideration to the proposed Protocol and give its advice and consent to ratification.

George W. Bush. The White House, March 13, 2008.

____________________

SOURCE: Congressional Record Vol. 154, No. 43

ORGANIZATIONS IN THIS STORY

More News