Taiwan hopeful of reaching tax deal with US next year

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

Taiwan hopes to reach a long-mooted tax agreement with the United States next year, Finance Minister Chuang Tsui-yun said on Wednesday, which both sides have said will foster more investment and Taipei has long pushed for.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

25 Oct 2023

Republican and Democratic members of the U.S. House of Representatives introduced legislation in July that would authorize President Joe Biden's administration to negotiate the tax agreement with Taiwan.

The lawmakers said the agreement, similar to a treaty, would facilitate investment, protect against tax evasion and allow businesses in both the United States and Taiwan to avoid double taxation.

Chuang, taking questions in parliament, said she would take advantage of attending a meeting of the Asia Pacific Economic Cooperation, or APEC, grouping next month in the United States to discuss the plan with U.S. Treasury Secretary Janet Yellen.

Chuang said the focus of the agreement is to resolve issues such as double taxation of personal income and corporate profits, and if signed, it will create a better environment to attract more