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7345531
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Presidential statement to the Senate on Avoidance of Double Taxation Convention signed with Korea [Ford Speech or Statement]
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7345531
sourceUrl
contentType
document
title
Presidential statement to the Senate on Avoidance of Double Taxation Convention signed with Korea [Ford Speech or Statement]
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White House Press Releases (Ford Administration)
Press Releases
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7345531
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3
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1976-09-03
month
9
year
1976
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nara-archive
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136c08c0e4f2ebce
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Digitized from Box 30 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
September 3, 1976
Office of the White House Press Secretary
THE WHITE HOUSE
TO THE SENATE OF THE UNITED STATES:
I transmit herewith, for Senate advice and consent to
ratification, the Convention signed at Seoul on June 4, 1976,
between the Government of the United States of America and
the Government of the Republic of Korea for the Avoidance
of Double Taxation and the Prevention of Fiscal Evasion
with Respect to Taxes on Income and the Encouragement of
International Trade and Investment, together with a related
exchange of notes.
There is no convention on this subject presently in
force between the United States and Korea.
The Convention follows generally the form and content
of most conventions of this type recently concluded by the
United States. Its primary purpose is to identify clearly
the tax interests of the two countries to avoid double
taxation and to help prevent the illegal evasion of
taxation.
For the information of the Senate, I also transmit, a
covering report of the Department of State with respect to
the Convention.
This Convention would promote closer economic coopera
tion and more active trade between the United States and
Korea.
I urge the Senate to act favorably at an early date on
this Convention and its related exchange of notes and to
give its advice and consent to ratification.
GERALD R. FORD
THE WHITE HOUSE,
Sentember 3, 1976
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