    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book I)]
    [May 12, 1993]
    [Page 648]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Netherlands-United States
    Taxation Convention
    May 12, 1993

    To the Senate of the United States:
        I transmit herewith for the advice and consent of the Senate to
    ratification the Convention Between the Government of the United States
    of America and the Government of the Kingdom of the Netherlands for the
    Avoidance of Double Taxation and the Prevention of Fiscal Evasion with
    Respect to Taxes on Income, signed at Washington on December 18, 1992.
    An Understanding and exchange of notes are enclosed for the information
    of the Senate. Also transmitted for the information of the Senate is the
    report of the Department of State with respect to the Convention.
        The Convention replaces the existing income tax convention between
    the United States and the Kingdom of the Netherlands signed at
    Washington in 1948 and last amended in 1965. It is intended to reduce
    the distortions (double taxation or excessive taxation) that can arise
    when two countries tax the same income, thereby enabling U.S. firms to
    compete on a more equitable basis in the Netherlands and further
    enhancing the attractiveness of the United States to Dutch investors. In
    general, the Convention follows the pattern of other recent U.S. income
    tax treaties and is based on the U.S. and OECD Model treaties and recent
    income tax conventions of both parties. It will serve to modernize tax
    relations between the two countries.
        I recommend that the Senate give early and favorable consideration
    to the Convention and give its advice and consent to ratification.

                                                          William J. Clinton

    The White House,
    May 12, 1993.