Senate’s Taiwan Double Taxation Fix Remains ‘Work in Progress’

Senators looking for a solution on how to alleviate double taxation imposed on US and Taiwanese companies are considering how to reconcile bipartisan bills moving through Congress.

The Senate Foreign Relations Committee advanced a bipartisan bill Thursday that would give the Biden administration leeway to negotiate a tax agreement with Taiwan, just on the heels of different legislation introduced by top taxwriters.

The goal now, senators said Thursday, is for both the Senate Foreign Relations and Finance committees to come together to hammer out their differences. The Finance Committee bill is a discussion draft.

Foreign Relations Ranking Member Jim Risch ...