BGOV Bill Analysis: H.R. 33, Reduce US-Taiwan Double Taxation

The US tax code would be amended to reduce double taxation for individuals and businesses in both the US and Taiwan under H.R. 33.

The measure would also authorize the president to negotiate a tax agreement with Taiwan that conforms with standard US bilateral tax treaties.

The legislation aims to strengthen economic ties between the US and Taiwan, a critical trading partner in the semiconductor industry, by addressing taxes that are imposed on the same income by the two countries, according to a House Ways and Means Committee report on an identical bill (H.R. 5988) in the ...