Lawmakers Introduce Bipartisan Bill to Relieve US–Taiwan Double Taxation

The United States stands as Taiwan’s second-largest trading partner and export market.

Sen. Mike Crapo (R-Idaho) questions U.S. Trade Representative Katherine Tai during a Senate Finance Committee hearing on Capitol Hill in Washington on March 31, 2022. Drew Angerer/Getty Images

Leaders of the Senate Finance Committee and House Ways and Means Committee introduced a bipartisan bill on Thursday to relieve double taxation of investments between the United States and Taiwan.

The bill was introduced by Senate Finance Chairman Ron Wyden (D-Ore.) and ranking member Mike Crapo (R-Idaho), as well as House Ways and Means Chairman Jason Smith (R-Mo.) and ranking member Richard Neal (D-Mass.).