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![handle is hein.usccsset/usconset60203 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
114TH CONGRESS ExEc. REPT.
2d Session SENATE 114-1
PROTOCOL AMENDING TAX CONVENTION
WITH SWITZERLAND
FEBRUARY 9, 2016.-Ordered to be printed
Mr. CORKER, from the Committee on Foreign Relations,
submitted the following
REPORT
[To accompany Treaty Doc. 112-1]
The Committee on Foreign Relations, to which was referred the
Protocol Amending the Convention between the United States of
America and the Swiss Confederation for the Avoidance of Double
Taxation With Respect to Taxes on Income, signed at Washington
on October 2, 1996, signed on September 23, 2009, at Washington,
as corrected by an exchange of notes effected November 16, 2010,
and a related agreement effected by an exchange of notes on Sep-
tember 23, 2009 (Treaty Doc. 112-1) (collectively, the Protocol),
having considered the same, reports favorably thereon with one
declaration and conditions related to reporting on mandatory arbi-
tration, as indicated in the resolution of advice and consent, and
recommends that the Senate give its advice and consent to ratifica-
tion thereof, as set forth in this report and the accompanying reso-
lution of advice and consent.
CONTENTS
Page
I. P u rpose ........................................................................................................... 1
II. B ackground .................................................................................................... 2
III. M ajor Provisions ............................................................................................ 2
IV . Entry Into Force ............................................................................................ 3
V. Im plem enting Legislation ........................................................................... 3
VI. Com m ittee Action .......................................................................................... 3
VII. Com m ittee Com m ents ................................................................................. 3
VIII. Text of Resolution of Advice and Consent to Ratification ........................ 7
IX. Annex 1.- Technical Explanation ................................................................ 11
X. Annex 2.-Transcript of Hearing of October 29, 2015 ................................ 23
I. PURPOSE
The purpose of the Protocol, along with the underlying treaty, is
to promote and facilitate trade and investment between the United
States and Switzerland, and to bring the existing treaty with Swit-
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