US House wants Biden to negotiate Taiwan tax deal ...Middle East

WASHINGTON: Republican and Democratic members of the US House of Representatives introduced legislation on Wednesday that would authorise President Joe Biden’s administration to negotiate a tax agreement with Taiwan, seeking to foster investment as Washington works to shore up the island against a rising China.The lawmakers, including House Foreign Affairs Committee chairman Michael McCaul and top Democrat Gregory Meeks, said the agreement, similar to a treaty, would facilitate investment, protect against tax evasion and allow businesses in both the US and Taiwan to avoid double taxation.“In addition to the advantages we will receive from more investment from Taiwan, this is another importan

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Last updated : 20 July 2023 clock 05:25 AM

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US House wants Biden to negotiate Taiwan tax deal ...Middle East

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