[Weekly Compilation of Presidential Documents Volume 29, Number 42 (Monday, October 25, 1993)]
[Page 2110]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Message to the Senate Transmitting the Israel-United States Tax 
Convention Protocol

 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.