[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.