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U.S. Senate Finance Committee Meets to Markup Bipartisan Legislation to Relieve Double-Taxation of Investments between the United States and Taiwan

14 September 2023

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Treaty Development

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United States-Taiwan

U.S. Senate Finance Committee Chairman Ron Wyden (D-OR.) has announced a Finance Committee meeting on 14 September 2023 to markup bipartisan legislation to relieve double-taxation of investments between the United States and Taiwan, the United States-Taiwan Expedited Double-Tax Relief Act. Click the following link for a Description of the Chairman's Mark of the Act prepared by the Joint Committee on Taxation. A summary has also been provided as follows: --- Summary of the United States-Taiwan Expedited Double-Tax Relief Act The Chairman's mark creates a new section of the Internal Revenue Code ("IRC"), providing substantial benefits to Taiwan residents ("qualified residents...