    [Weekly Compilation of Presidential Documents Volume 32, Number 36 (Monday, September 9, 1996)]
    [Pages 1649-1650]
    [Online from the Government Publishing Office, www.gpo.gov]

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

    September 4, 1996

    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 Grand Duchy of Luxembourg for the Avoidance of
    Double Taxation and the Prevention of Fiscal Evasion with Respect to
    Taxes on

    [[Page 1650]]

    Income and Capital, signed at Luxembourg April 3, 1996. Accompanying the
    Convention is a related exchange of notes providing clarification with
    respect to the application of the Convention in specified cases. Also
    transmitted for the information of the Senate is the report of the
    Department of State with respect to the Convention.
        This Convention, which is similar to tax treaties between the United
    States and other OECD 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 exchange of information to
    prevent fiscal evasion and sets forth standard rules to limit the
    benefits of the Convention to persons that are not engaged in treaty
    shopping.
        I recommend that the Senate give early and favorable consideration
    to this Convention and give its advice and consent to ratification.
                                                William J. Clinton
    The White House,
    September 4, 1996.