Legislative update: House Ways and Means approves Taiwan double-tax relief bill
“United States-Taiwan Expedited Double-Tax Relief Act”
“United States-Taiwan Expedited Double-Tax Relief Act”
The House Committee on Ways and Means today approved H.R. 5988 (the “United States-Taiwan Expedited Double-Tax Relief Act”), which incorporates both the United States-Taiwan Expedited Double-Tax Relief Act unanimously passed out of the Finance Committee in September (read TaxNewsFlash) as well as the United States-Taiwan Tax Agreement Authorization Act passed out of the Foreign Relations Committee in July (read TaxNewsFlash).
In advance of today’s markup of H.R. 5988 by Ways and Means, the staff of the Joint Committee on Taxation released a description of the chairman’s mark of H.R. 5988 (JCX-52-23) and a description of the chairman’s modification to the chairman’s mark (JCX-55-23). Read TaxNewsFlash
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