811.512356 Double/13
The Secretary of State to the Netherland Chargé ( Molekamp )
The Secretary of State presents his compliments to the Chargé d’Affaires ad interim of the Netherlands and with further reference to his note No. 2197 of August 6, 1934,6 with regard to double taxation, encloses a copy of a letter from the Acting Secretary of the Treasury7 explaining in detail the reasons why the Treasury Department after careful consideration of the provisions of the decree issued by the Netherlands Minister of Finance on April 17, 1928 (Official Gazette No. 76) is of the opinion that the decree does not satisfy the similar credit requirement of section 131 (a) (3) of the Revenue Act of 1934 or the corresponding provisions of the Revenue Acts of 19328 and 19289 and holds, therefore, that a citizen of the Netherlands who is a resident of the United States, in computing his tax liability to the United States, is not entitled to a credit on account of the amount of any income, war profits or excess profit taxes paid or accrued during the taxable year, beginning with the year 1928, to any foreign country.
- Foreign Relations, 1935, vol. ii, p. 606.↩
- Not printed.↩
- 47 Stat. 169.↩
- 45 Stat. 791.↩