    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book II)]
    [October 19, 1993]
    [Page 1775]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting a Protocol to the Israel-United
    States Taxation Convention
    October 19, 1993

    To the Senate of the United States:
        I transmit herewith for the advice and consent of the Senate to
    ratification the Second Protocol Amending the Convention Between the
    Government of the United States of America and the Government of the
    State of Israel with Respect to Taxes on Income, signed at Washington on
    November 20, 1975, as amended by the Protocol signed May 30, 1980. The
    Second Protocol was signed at Jerusalem on January 26, 1993. Also
    transmitted for the information of the Senate is an exchange of notes
    and the report of the Department of State with respect to the Protocol.
        The Second Protocol further amends the 1975 Convention, as amended
    by the 1980 Protocol, in large measure to accommodate certain post-1980
    provisions of U.S. tax law and treaty policy. The new Protocol also
    reflects changes in Israeli law and makes certain technical corrections
    to the Convention that are necessary because of the passage of time. It
    will modernize tax relations between the two countries and will
    facilitate greater private sector U.S. investment in Israel.
        I recommend that the Senate give early and favorable consideration
    to the Protocol and give its advice and consent to ratification.

                                                          William J. Clinton

    The White House,
    October 19, 1993.