    [Public Papers of the Presidents of the United States: WILLIAM J. CLINTON (1999, Book II)]
    [September 21, 1999]
    [Page 1570]
    [From the U.S. Government Publishing Office www.gpo.gov]

    [[Page 1570]]

    Message to the Senate Transmitting the Italy-United States Tax
    Convention
    September 21, 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 Italian Republic for the Avoidance of Double
    Taxation with Respect to Taxes on Income and the Prevention of Fraud or
    Fiscal Evasion, signed at Washington on August 25, 1999, together with a
    Protocol. Also transmitted are an exchange of notes with a Memorandum of
    Understanding and the report of the Department of State concerning the
    Convention.
        This Convention, which is similar to tax treaties between the United
    States and other developed 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 or certain abusive transactions.
        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,

    September 21, 1999.