Reported 11 months ago
Taiwan's Minister of Economic Affairs advocates for the accelerated signing of an Avoidance of Double Taxation Agreement (ADTA) with the US at the SelectUSA Investment Summit to reduce costs and strengthen economic ties between both countries. The delegation, led by Taiwan's representative to the US, highlighted the importance of the ADTA in reducing tax burdens for businesses, especially Taiwan's SMEs, emphasizing its positive impact on investment climate. The US House of Representatives passed the Tax Relief for American Families and Workers Act of 2024, including provisions for the United States-Taiwan Expedited Double-Tax Relief Act, awaiting Senate approval before being signed by President Biden.
Source: YAHOO