Message to the
Senate on U.S-Israel Convention on Income Taxes
(July 3, 1980)
To the Senate of the United States:
I transmit herewith, for Senate advice and consent
to ratification, a Protocol Amending the Convention between the Government
of the United States of America and the Government of Israel with Respect
to Taxes on Income, signed at Washington on November 20, 1975. The Protocol
was signed at Washington on May 30, 1980. I also transmit three related
exchanges of notes and the report of the Department of State with respect
to the Protocol.
Consideration of the Convention by the Senate has been
delayed pending the correction of certain technical problems in its
text. The Protocol accomplishes this by making certain amendments to
the Convention. For example, Article 10 (Grants) is modified to conform
more closely to United States and Israeli law with regard to the treatment
of Israeli grants to United States investors.
The Protocol also modifies the withholding rates applicable
to dividends paid by a subsidiary to a parent corporation and adds a
new article dealing with charitable contributions.
It is most desirable that this Protocol, together with
the Convention, be considered by the Senate as soon as possible and
that the Senate give advice and consent to ratification of both instruments.
JIMMY CARTER
The White House,
July 3, 1980.
Sources: Public Papers of the President |