US and Taiwan to Initiate Talks on Double Taxation Agreement

The negotiations aim to eliminate dual taxation and bolster investments, particularly in the semiconductor sector.

The United States and Taiwan plan to start negotiations in the coming weeks to address double taxation issues.
A tax agreement is expected to encourage more investment between the two economies, which Taipei has long advocated for.
The absence of formal diplomatic ties means Taiwanese entities are currently taxed by both the US and Taiwanese governments.
The initiative supports the CHIPS and Science Act, aiming to strengthen the semiconductor supply chain and create jobs.
Legislation to advance this bilateral tax agreement failed in the US Senate over the summer, but efforts continue.