Congressional taxwriters sought input late Wednesday on bipartisan legislation to alleviate double taxation issues faced by US and Taiwanese companies.
A discussion draft to give treaty-like benefits to businesses seeking cross-border investment would reduce withholding taxes on dividends, interest, and royalties paid on investments and mitigate barriers for smaller businesses to make those investments.
The effort comes as the Senate Foreign Relations Committee meets Thursday to mark up a separate bill to give the Biden administration the ability to forge a tax deal with Taiwan.
Those advocating a closer relationship say investment to produce high-tech goods has been hindered because …
