1 See U.S. Senate Committee on Finance, "Wyden Statement at Finance Committee Markup of U.S.-Taiwan Tax Bill" (September 14, 2023) at: https://www.finance.senate.gov/chairmans-news/wyden-statement-at-finance-committee-markup-of-us-taiwan-tax-bill .
For a related report, see "Legislative update: Senate Finance unanimously approves Taiwan double-taxation relief bill" in TaxNewsFlash (September 14, 2023), a publication of KPMG LLP in the United States at: https://kpmg.com/us/en/home/insights/2023/09/tnf-senate-finance-approves-taiwan-tax-relief-bill.html .
2 U.S. Senate Committee on Finance, "Crapo Statement at Taiwan Tax Legislation Markup" (September 14, 2023): https://www.finance.senate.gov/ranking-members-news/crapo-statement-at-taiwan-tax-legislation-markup .
3 For more details, see "Ways and Means, Finance chairs and ranking members release discussion draft of bipartisan bill providing tax relief for Taiwan" in TaxNewsFlash (July 13, 2023), a publication of KPMG LLP in the United States at: https://kpmg.com/us/en/home/insights/2023/07/tnf-ways-means-finance-discussion-draft-bipartisan-bill-tax-relief-taiwan.html .
4 For more details, see "Senate Foreign Relations Committee approves bill authorizing Taiwan tax agreement" in TaxNewsFlash (July 14, 2023), a publication of KPMG LLP in the United States at: https://kpmg.com/us/en/home/insights/2023/07/tnf-sfrc-discussion-draft-bill-tax-relief-taiwan.html .
For the text and status of S.1457 - Taiwan Tax Agreement Act of 2023, see the Congress.gov website at: https://www.congress.gov/bill/118th-congress/senate-bill/1457 .
For the Congressional Budget Office’s analysis of the bill, see: https://www.cbo.gov/publication/59473#:~:text=Summary,of%20tax%20evasion%20or%20avoidance .
5 Read the description of the chairman’s mark prepared by the JCT dated September 12, 2023: JCX-37-23. Read the description of the chairman’s mark prepared by the JCT dated September 12, 2023: JCX-37-23 . Read the JCT’s description of the chairman’s modification to the chairman’s mark dated September 13, 2023: JCX-38-23.
6 For more on U.S-Taiwan relations, see the U.S Department of State webpage https://www.state.gov/u-s-relations-with-taiwan/ .