Page:United States Statutes at Large Volume 97.djvu/429

 PUBLIC LAW 98-67—AUG. 5, 1983 97 STAT. 397 "(II) the President determines that the agree- ment as negotiated is in the national security interest of the United States, "(iii) QUALIFIED CONFIDENTIAL INFORMATION DEFINED. —For purposes of this subparagraph, the term 'quaUfled confidential information' means information which is subject to the nondisclosure provisions of any local law of the beneficiary country regarding bank secrecy or ownership of bearer shares. "(iv) CIVIL TAX PURPOSES. —For purposes of this sub- paragraph, the determination of whether information is sought only for civil tax purposes shall be made by the requesting party. "(D) COORDINATION WITH SECTION 6103.— Any exchange of 26 USC 6103. information agreement negotiated under subparagraph (C) shall be treated as an income tax convention for purposes of section 6103(k)(4). "(E) DETERMINATIONS PUBLISHED IN THE FEDERAL REGIS- TER. ter- -The following shall be published in the Federal Regis- "(i) any determination by the President under sub- paragraph (C)(ii) (including the reasons for such deter- mination), "(ii) any determination by the Secretary under sub- paragraph (C)(ii) (including the reasons for such deter- mination), and " (iii) any finding by the Secretary under subpara- graph (A)(ii) (and any termination thereof)." (b) EFFECTIVE DATE.— The amendment made by subsection (a) 26 USC 274 note. shall apply to conventions, seminars, or other meetings which begin after June 30, 1983. SEC. 223. REPORT WITH RESPECT TO USE OF CARIBBEAN BASIN TAX HAVENS. The Secretary of the Treasury shall, not later than ninety days after the date of the enactment of this Act, report to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate on— (1) the level at which Caribbean Basin tax havens are being used to evade or avoid Federal taxes, and the effect on Federal revenues of such use, (2) any information he may have on the relationship of such use to drug trafficking and other criminal activities, and (3) current antitax haven enforcement activities of the Department of the Treasury. Submittal to congressional committees.

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