    [Public Papers of the Presidents of the United States: William J. Clinton (1996, Book I)]
    [January 3, 1996]
    [Page 5]
    [From the U.S. Government Publishing Office www.gpo.gov]

    [[Page 5]]

    Message to the Congress Transmitting the Netherlands-United States
    Tax Protocol
    January 3, 1996

    To the Senate of the United States:
        I transmit herewith for Senate advice and consent to ratification,
    the Protocol between the Government of the United States of America and
    the Government of the Kingdom of the Netherlands in Respect of the
    Netherlands Antilles Amending Article VIII of the 1948 Convention with
    Respect to Taxes on Income and Certain Other Taxes as Applicable to the
    Netherlands Antilles, signed at Washington on October 10, 1995. Also
    transmitted for the information of the Senate is the report of the
    Department of State with respect to the Protocol.
        The Protocol amends Article VIII (1) of the Convention to limit the
    exemption from U.S. taxation of interest on debt instruments to interest
    paid on instruments issued on or before October 15, 1984, by a U.S.
    person to a related controlled foreign corporation that was in existence
    before October 15, 1984.
        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,

    January 3, 1996.