USTBC Supports Progress on Avoidance of Double Taxation Legislation

January 23, 2024

Press Release:
The US-Taiwan Business Council Supports Progress on Avoidance of Double Taxation Legislation

(Arlington, Virginia, January 23, 2024)

The US-Taiwan Business Council today welcomed news that the U.S. Congress is making progress on legislation supporting reciprocal avoidance of double taxation for U.S. and Taiwan businesses.

On January 19, 2024, the U.S. House Committee on Ways and Means voted 40-3 to send the Tax Relief for American Families and Workers Act of 2024 to the House for a full floor vote. Part of the language in the Act, subtitled United States-Taiwan Expedited Double-Tax Relief Act, provides tax treaty-like rules for the taxation of cross-border investment between the United States and Taiwan.

The US-Taiwan Business Council hopes that further progress can be made on this tax legislation, as passage could help boost the U.S.-Taiwan economic relationship – especially important in the semiconductor industry – and could lead to expanding and accelerating inbound investment into the United States from Taiwan. On October 25, 2023, USTBC issued a Special Commentary on the importance of this type of legislation. We are pleased to see this crucial issue being addressed.

About the US-Taiwan Business Council:

The US-Taiwan Business Council ( is a membership-based non-profit association, founded in 1976 to foster trade and business relations between the United States and Taiwan. The Council provides its members with business intelligence, offers access to an extensive network of relationships, and serves as a vital and effective representative in dealing with business, trade, and investment matters.

Related Media

June 29, 2017 Press Releases

USTBC Comments on Congressional Notification for US Arms Sales to Taiwan

Press Release: June 29, 2017 U.S. Arms Sale to Taiwan (Arlington, Virginia, June 29, 2017) The US-Taiwan Business Council today welcomed the decision by the U.S. Department of State to announce its approval of seven possible Foreign Military Sales to Taiwan, with a total value of US$1.363 billion. The Defense Security Cooperation Agency (DSCA) delivered […]

March 7, 2019 Press Releases

USTBC Supports Taiwan’s Request for Fighter Jets from the US

Press Release: Taiwan’s Request for New F-16 Viper Fighter Jets from the United States (Arlington, Virginia, March 7, 2019) According to a statement yesterday from the Ministry of National Defense (MND), Taiwan has made an official request to the United States for new-build fighter jets. While MND has not yet confirmed the quantity or type […]

December 1, 2006 Press Releases

Archived Press Releases – 2005-2006

Archived press releases are available for download as PDF files.   December 13, 2006  —  Senator Lisa Murkowski Joins the US-Taiwan Business Council as Honorary Co-Chairman November 14, 2006  —  US-Taiwan Business Council Supports Taiwan’s Finalizing of Investment Regulations for Chipmaking in China August 17, 2006  —  Senior U.S. and Taiwan Defense Officials to Deliver […]