    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book I)]
    [May 20, 1993]
    [Pages 710-711]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Mexico-United States Taxation
    Convention
    May 20, 1993

    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 United Mexican States for the Avoidance of
    Double Taxation and the Prevention of Fiscal Evasion with Respect to
    Taxes on Income, together with a related Protocol, signed at Washington
    on September 18, 1992. Also transmitted for the information of the
    Senate is the report of the Department of State with respect to the
    Convention.

    [[Page 711]]

        The income tax Convention, the first between the two countries, is
    intended to reduce the distortions (double taxation or excessive
    taxation) that can arise when two countries tax the same income, thereby
    enabling United States firms to compete on a more equitable basis in
    Mexico and enhancing the attractiveness of the United States to Mexican
    investors. The Convention is generally based on the Model Treaty of the
    Organization for Economic Cooperation and Development and recent income
    tax conventions of both parties.
        I recommend that the Senate give early and favorable consideration
    to the Convention and related Protocol and give its advice and consent
    to ratification.

                                                          William J. Clinton

    The White House,
    May 20, 1993.