S.2646

Terminates the U.S.-China Income Tax Convention if China attacks Taiwan.

The No Tax Treaties for Foreign Aggressors Act mandates the termination of the United States-People's Republic of China Income Tax Convention if the People's Liberation Army initiates an armed attack against Taiwan. The Secretary of the Treasury must notify China of the U.S. intent to terminate the tax convention within 30 days of the President notifying the Secretary that an attack has occurred. The President must also notify the Senate Committee on Foreign Relations and the Senate Committee on Finance of the termination.