Taiwan’s Chip Companies Want Urgent Tax Fix, Envoy Says
- Avoiding double taxation could unlock investment in US
- Hsiao Bi-khim optimistic a deal could be reached by year-end
This article is for subscribers only.
Taiwan’s top envoy to the US said Taiwanese semiconductor firms are holding back from more investments in America because of “unreasonable and unfair” double taxation, and urged Congress to pass a deal to address the problem as soon as possible.
Taiwan Representative Hsiao Bi-khim said she’s optimistic that bipartisan support for Taiwan in Washington could help secure a deal by the end of the year. She said the deal is one her top priorities because Taiwanese firms pay three times as much tax as competitors from America’s other major trading partners.