[Congressional Record Volume 143, Number 92 (Thursday, June 26, 1997)]
[Senate]
[Page S6667]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


      REMOVAL OF INJUNCTION OF SECRECY--TREATY DOCUMENT NO. 105-9

  Mr. CHAFEE. Mr. President, as in executive session, I ask unanimous 
consent that the injunction of secrecy be removed from the following 
treaty transmitted to the Senate on June 26, 1997, by the President of 
the United States.
  Tax Convention with South Africa (Treaty Document No. 105-9).
  I further ask unanimous consent 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 Republic of 
South Africa for the Avoidance of Double Taxation and the Prevention of 
Fiscal Evasion with Respect to Taxes on Income and Capital Gains, 
signed at Cape Town February 17, 1997. Also transmitted is the report 
of the Department of State concerning the Convention.
  This Convention, which generally follows the U.S. model tax treaty, 
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 the exchange of information to prevent fiscal evasion and 
sets forth standard 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 26, 1997.

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