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“REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 105-8” mentioning the U.S. Dept of State was published in the Senate section on pages S6385 on June 25, 1997.
The publication is reproduced in full below:
REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 105-8
Mr. GRASSLEY. Mr. President, I ask unanimous consent that the injunction of secrecy be removed from the following treaty transmitted to the Senate on June 25, 1997, by the President of the United States.
Tax Convention with Swiss Confederation (Treaty Document No. 105-8.)
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 Convention Between the United States of America and the Swiss Confederation for the Avoidance of Double Taxation with Respect to Taxes on Income, signed at Washington, October 2, 1996, together with a Protocol to the Convention. An enclosed exchange of notes with an attached Memorandum of Understanding, transmitted for the information of the Senate, provides clarification with respect to the application of the Convention in specified cases. Also transmitted is the report of the Department of State concerning the Convention.
This Convention, which is similar to tax treaties between the United States and other Organization for Economic Cooperation and Development
(OECD) nations, provides maximum rates of tax to be applied to various types of income and protection from double taxation of income. The Convention also provides for exchange of information and sets forth rules to limit the benefits of the Convention so that they are available only to residents that are not engaged in treaty shopping.
I recommend that the Senate give early and favorable consideration to this Convention and give its advice and consent to ratification.
William J. Clinton.
The White House, June 25, 1997.
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