    [Public Papers of the Presidents of the United States: George W. Bush (2006, Book II)]
    [September 29, 2006]
    [Page 1738]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Message to the Senate Transmitting the Protocol Amending the Denmark-
    United States Taxation Convention
    September 29, 2006

    To the Senate of the United States:
        I transmit herewith, for Senate advice and consent to ratification,
    a Protocol Amending the Convention Between the Government of the United
    States of America and the Government of the Kingdom of Denmark for the
    Avoidance of Double Taxation and the Prevention of Fiscal Evasion with
    Respect to Taxes on Income signed at Copenhagen May 2, 2006 (the
    ``Protocol''). A related exchange of notes is 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
    Protocol.
        The Protocol eliminates the withholding tax on certain cross-border
    dividend payments. Like a number of recent U.S. tax agreements, the
    proposed Protocol provides for the elimination of the withholding tax on
    dividends arising from certain direct investments and cross-border
    dividend payments to pension funds. In addition, the Protocol modernizes
    the Convention to bring it into closer conformity with current U.S. tax-
    treaty policy, including strengthening the treaty's provisions
    preventing so-called treaty shopping.
        I recommend that the Senate give early and favorable consideration
    to the Protocol and give its advice and consent to ratification.

                                                              George W. Bush

    The White House,

    September 29, 2006.

    Note: This message was released by the Office of the Press Secretary on
    October 2.