[Weekly Compilation of Presidential Documents Volume 35, Number 52 (Monday, January 3, 2000)]
[Page 2678]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Letter to the Chairman of the Senate Committee on Foreign Relations 
Reporting on a Declaration of the Venezuela-United States Tax Convention

December 29, 1999

Dear Mr. Chairman:

    In accordance with the resolution of advice and consent to 
ratification of the Convention Between the Government of the United 
States of America and the Government of the Republic of Venezuela for 
the Avoidance of Double Taxation and the Prevention of Fiscal Evasion 
with Respect to Taxes on Income and Capital, together with a Protocol, 
adopted by the Senate of the United States on November 5, 1999, I hereby 
certify that:
    In connection with Declaration (1), New Venezuelan Tax Law:
(i)         the new Venezuelan tax law has been enacted in accordance 
            with Venezuelan law;
(ii)        the Department of Treasury, in consultation with the 
            Department of State, has thoroughly examined the new 
            Venezuelan tax law; and
(iii)       the new Venezuelan tax law is fully consistent with and 
            appropriate to the obligations under the Convention.
    Sincerely,
                                            William J. Clinton

Note: The letter was sent to Jesse Helms, chairman, Senate Committee on 
Foreign Relations. This letter was released by the Office of the Press 
Secretary on December 30.