[Weekly Compilation of Presidential Documents Volume 33, Number 26 (Monday, June 30, 1997)]
[Pages 977-978]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Message to the Senate Transmitting the South Africa-United States Tax 
Convention and Documentation

June 26, 1997

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 
South Africa for the Avoidance of Double Taxation and the Prevention of 
Fiscal Evasion with Respect to Taxes on Income and Capital Gains, signed 
at Cape Town February 17, 1997. Also transmitted is the report of the 
Department of State concerning the Convention.
    This Convention, which generally follows the U.S. model tax treaty, 
provides maximum

[[Page 978]]

rates of tax to be applied to various types of income and protection 
from double taxation of income. The Convention also provides for the 
exchange of information to prevent fiscal evasion and sets forth 
standard rules to limit the benefits of the Convention so that they are 
available only to residents 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,
June 26, 1997.

Note: This message was released by the Office of the Press Secretary on 
June 27.