US-Taiwan Tax Agreement: Boosting Business and Investment
This bill authorizes the negotiation and conclusion of a tax agreement between the U.S. and Taiwan. Its aim is to facilitate trade and investment, potentially benefiting businesses and taxpayers in both regions by preventing double taxation and combating tax evasion.
Key points
Easier business and investment: The agreement aims to reduce tax burdens for companies operating in both the U.S. and Taiwan, potentially fostering economic growth and job creation.
Avoiding double taxation: Individuals and businesses operating in both jurisdictions may avoid paying taxes on the same income twice, increasing their disposable income.
Combating tax evasion: The agreement includes provisions to limit tax evasion, contributing to greater tax fairness.
Strengthening economic ties: Concluding this agreement underscores Taiwan's strategic importance to the U.S. and aims to deepen economic relations.
Expired
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