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‘Double Tax’ Hinders Taiwan’s Investment in American Factories
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WASHINGTON—Bowei Lee’s chemical company wants to open a new American factory to make materials for semiconductors, exactly the type of investment U.S. officials are courting as they seek to shore up chip supply chains and boost domestic manufacturing.
But the Taiwan-based firm, LCY Group, faces a problem: Earnings from the new factory would be taxed twice.
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