Commentary to the United States-Netherlands income tax convention

The convention between the United States and the Netherlands for the avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes income ('the treaty') was signed in Washington D.C. on December 18. 1992, and its accompanying Protocol was signed on October 13, 1993. It became effective on January 1, 1994. This one of the most important tax treaties of recent years, and its implications will be enormous as it sets a precedent toward progress in international fiscal relations, creating a relationship which will be closely watched by all those with an interest in international finance and taxation.