Ex. Rept. 116-1 1 (2019-07-10)

handle is hein.congrecreports/crptxacmf0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
      Op










                   116TH CONGRESS              SN                  I EXEC. REPT.
                      1st Session JSENATE                               116-1



                                 PROTOCOL AMENDING THE TAX
                                     CONVENTION WITH SPAIN


                                     JULY 10, 2019.-Ordered to be printed


                          Mr. RISCH, from the Committee on Foreign Relations,
                                        submitted the following

                                             REPORT
                                      [To accompany Treaty Doc. 113-4]
                     The Committee on Foreign Relations, to which was referred the
                   Protocol Amending the Convention between the United States of
                   America and the Kingdom of Spain for the Avoidance of Double
                   Taxation and the Prevention of Fiscal Evasion with Respect to
                   Taxes on Income and its Protocol, signed at Madrid on February
                   22, 1990, and a related Memorandum of Understanding signed on
                   January 14, 2013, at Madrid, together with correcting notes dated
                   July 23, 2013, and January 31, 2014 (together the Protocol)
                   (Treaty Doc. 113-4), having considered the same, reports favorably
                   thereon with one declaration, as indicated in the resolution of ad-
                   vice and consent, and recommends that the Senate give its advice
                   and consent to ratification thereof, as set forth in this report and
                   the accompanying resolution of advice and consent.

                                              CONTENTS
                                                                                Page
                      I. P u rp o se  ...........................................................................................................  1
                      II.  B ack grou n d  ...................................................................................................  2
                    III. M ajor  P rovision s  ...........................................................................................  2
                    IV . E n try  Into  F orce  ...........................................................................................  3
                    V . Im plem enting  Legislation  .............................................................................  3
                    V I. C om m ittee  A ction  .........................................................................................  3
                    V II.  Com m ittee  Com m ents  ...................................................................................  4
                    VIII. Text of Resolution of Advice and Consent to Ratification .......................... 5
                    IX. Annex 1.- Technical Explanation  ...............................................................  9
                                              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 Spain. The proposed Protocol provides an exemption
                   from source-country withholding on certain direct dividend pay-
                   ments and limits source-country taxation on all other dividends
                      89-119

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 2,700 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Access to this content requires a subscription. Please visit the following page to request a quote or trial:

Already a HeinOnline Subscriber?