President: Actively Resolve Taiwan-US Double Taxation and Deepen Supply Chain Partnership

President Tsai Ing-wen (front right) met with a delegation from the US-Taiwan Business Association at the Presidential Palace on the morning of the 23rd. Former U.S.  Under Secretary of State Keith Krach (front left) shakes hands. Photo by Zheng Jiewen, reporter of the Central News Agency, 23 Jan (Reporter Wen Guixiang, 23 Jan Taipei) — President Tsai Ing-wen said in a speech at a visit to the US-Taiwan Business Association today that she was pleased to see that the US House of Representatives passed the “US-Taiwan Rapid Double Tax Reduction Act.” The United States is actively promoting the resolution of the issue of double taxation between Taiwan and the United States, hoping to deepen the partnership between the two sides in key supply chains. In the morning, the President received a delegation from the U.S.-Taiwan Business Association at the Presidential Palace, which was chaired by Keith Krach, the current chairman of the Purdue University Krach Institute for Tech Diplomacy and former U.S. Under Secretary of State. Krach) led 29 companies to visit Taiwan. In her speech, the president said that this is the second time that Krach has organized a delegation to visit Taiwan in six months to promote Taiwan-US cooperation and exchanges, and she would like to express her most sincere welcome on behalf of the Taiwan people. The president, who included members of the U.S.-Taiwan Business Association and came from the energy, finance, defense, and high-tech fields, organized a delegation to visit Taiwan after the presidential election, and thanked the guests for their great attention to the Taiwan market. The President said that over the years, due to the united efforts of the people of Taiwan and the government’s vigorous promotion of various infrastructure projects, Taiwan has shown strong resilience, maintained competitiveness in the international arena, and is committed to maintaining the stability of global supply chains, even if the international economic environment has been affected by the epidemic and geopolitical developments. In addition to being the eighth largest trading partner of the United States, the signing of the first batch of agreements under the Taiwan-US 21 st Century Trade Initiative last year has also brought Taiwan-US economic and trade relations to a new milestone. The president said that Taiwan is actively promoting the resolution of the issue of double taxation between Taiwan and the United States, and investing in enterprises on both sides.

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