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

    <R04>
    Message to the Senate Transmitting the Austria-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 United States of America and the Republic of
    Austria for the Avoidance of Double Taxation and the Prevention of
    Fiscal Evasion with Respect to Taxes on Income, signed at Vienna May 31,
    1996. Enclosed is an exchange of notes with an attached Memorandum of
    Understanding, which provides 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.