The bill authorizes the President to negotiate and enter into a tax agreement with Taiwan to provide double-tax relief and outlines procedures for.
The bill, titled the "United States-Taiwan Expedited Double-Tax Relief Act," authorizes the President to negotiate and enter into a tax agreement with Taiwan to provide double-tax relief. The agreement must conform to the principles of U.S. bilateral income tax conventions and cannot include elements outside the scope of the 2016 U.S. Model Income Tax Convention. The President must submit the final text of the agreement and a technical explanation to Congress within 270 days of entering into the agreement.
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- Legal Framework
- Critical Issues
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