US House passes Taiwan double-tax relief packageStaff writer, with agenciesThe US House of Representatives on Wednesday passed a measure that would eliminate double taxation between Taiwan and the US as part of a larger taxation package. The US-Taiwan Expedited Double-Tax Relief Act was included in a US$78 billion package of tax breaks for businesses and low-income families passed by a 357 to 70 vote. Photo: EPA-EFEThe Tax Relief for American Families and Workers Act of 2024 now heads to the US Senate, where Republicans have voiced resistance to some aspects of the larger bill. However, the strong bipartisan support shown by the House vote might influence its passage in the Senate. After the bill passed committee review last month, White House press secretary Karine Jean-Pierre said that its progress was encouraging and welcomed, and that the White House expected it to pass the US Congress and be signed into law by US President Joe Biden.

Source: Taipei Times February 01, 2024 16:37 UTC