[Congressional Record (Bound Edition), Volume 145 (1999), Part 10]
[Senate]
[Pages 14583-14584]
[From the U.S. Government Publishing Office, www.gpo.gov]



       REMOVAL OF INJUNCTION OF SECRECY TREATY DOCUMENT NO. 106-3

  Mr. NICKLES. I ask unanimous consent to proceed as if in executive 
session.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  Mr. NICKLES. I ask unanimous consent that the injunction of secrecy 
be removed from the following treaty transmitted to the Senate on June 
29, 1999, by the President of the United States:
  1. Tax Convention with Venezuela (Treaty Document No. 106-3);
  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 Government of the United States of America and 
the Government of the Republic of Venezuela for the Avoidance of Double 
Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on 
Income and Capital, together with a Protocol, signed at Caracas on 
January 25, 1999. 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 developing 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 resolution

[[Page 14584]]

of disputes and sets forth rules making its benefits unavailable to 
residents that are engaged in treaty shopping.
  I recommend that the Senate give early and favorable consideration to 
this Convention and that the Senate give its advice and consent to 
ratification.
                                                  William J. Clinton.  
  The White House, June 29, 1999.

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