Taiwan-US Tax Bill Moves to Debate Amid Senate Panel Friction

Legislation that would alleviate double taxation by companies doing business in Taiwan and in the US moves forward this week, a rare point of agreement among Republicans and Democrats on Congress’s tax writing panels, though some friction between two Senate committees remains.

Building stronger economic ties with Taiwan has been a top priority this Congress, as lawmakers seek ways to provide treaty-like benefits to businesses seeking cross-border investment. In a year where House and Senate leaders stand at odds on many issues, the top tax writers united to propose removing tax hurdles for US and Taiwanese makers of high-tech goods ...