treaties: 99-30

Treaties submitted to the Senate (Congresses 89–119), with countries, index terms, and resolution text.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

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id congress number title topic transmitted_date in_force_date countries index_terms resolution_text
99-30 99 30 TAX CONVENTION WITH THE UNITED KINGDOM (ON BEHALF OF BERMUDA) Taxation 1986-09-09T00:00:00Z 1988-12-02T00:00:00Z Bermuda 99-30, BERMUDA, MUTUAL ASSISTANCE IN TAX MATTERS, TAX, TAXATION, TAXATION OF INSURANCE ENTERPRISES, TIAS 11676, UNITED KINGDOM <!DOCTYPE html><html xmlns="http://www.w3.org/1999/xhtml" lang="en"><head><meta name="dc:title" content="[100] TreatyRes. 16 for Treaty Doc. 99 - 30" /><meta name="Content-Encoding" content="ISO-8859-1" /><meta name="Content-Type" content="text/plain; charset=ISO-8859-1" /><title>[100] TreatyRes. 16 for Treaty Doc. 99 - 30</title></head><body><p>TEXT OF RESOLUTION OF ADVICE AND CONSENT TO RATIFICATION AS REPORTED BY THE COMMITTEE ON FOREIGN RELATIONS: Resolved (two-thirds of the Senators present concurring therein), That the Senate advise and consent to the ratification of the Convention between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland (on behalf of the Government of Bermuda) relating to the Taxation of Insurance Enterprises and Mutual Assistance in Tax Matters, with a Related Exchange of Notes, signed at Washington on July 11, 1986 (Treaty Doc. 99-30), subject to the following reservations: (1) Effective January 1, 1990, said Convention shall not operate to prevent the imposition by the United States of any excise taxes on insurance premiums paid to foreign insurers, whether or not such premiums constitute income of an enterprise of insurance of a Covered Jurisdiction; and (2) Said Convention shall in no event operate to prevent the imposition by the United States of any excise taxes on insurance premiums paid to foreign insurers except with respect to insurance premiums that either: (a) constitute income of an enterprise of insurance of a Covered Jurisdiction carried on by a company in a taxable year in which the company is a controlled foreign corporation within the meaning of section 957(a) or (b) of title 26 of the United States Code as in effect for such taxable year; or (b) constitute income of an enterprise of insurance of a Covered Jurisdiction carried on by a company in a taxable year in which: (i) the company is subject to the rules of the section 953(c) of the Internal Revenue Code of 1986, and (ii) the company is a controlled foreign corporation within the meaning of section 957(a) of the Internal Revenue Code of 1986 as modified by section 953(c)(1) of said Code, and the premiums constitute related personal insurance income within the meaning of section 953(c) of the Internal Revenue Code of 1986.</p></body></html>

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