[Public Papers of the Presidents of the United States: William J. Clinton (1999, Book I)]
[June 29, 1999]
[Page 1040]
[From the U.S. Government Publishing Office www.gpo.gov]



Message to the Senate Transmitting the Venezuela-United States
Tax Convention and Protocol With Documentation
June 29, 1999

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 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.