asked the Minister for Finance if he will state whether the double taxation convention negotiated between Ireland and the United States of America which forms part of the Finance Act, 1950, has yet been ratified, and if it has not been ratified, if he will state the reasons for the delay.
Ceisteanna—Questions. Oral Answers. - Double Taxation Convention.
The double taxation convention was signed in Dublin in September, 1949. It was ratified by Ireland on the 5th July, 1950, when the Finance Act, 1950, to which it was annexed as a schedule, was signed by the President. The convention has not yet been ratified by the United States of America. In accordance with the requirements of the American Constitution, it has been referred to the Senate which has not yet concluded examination of it.
Is the Minister aware that a similar convention has been ratified as between Britain and the United States? Seeing that this convention was signed in Dublin in September, 1949, and that a number of residents in this country with investments in America are suffering serious losses as a result of the delay in ratification, will the Minister use his influence with the United States Government to have ratification speeded up?
I am afraid my influence with the United States Government is not very strong.
I thought you were like mother and child.