US business group seeks progress on stalled Taiwan double tax deal

Key facts

• The American Chamber of Commerce in Taiwan is hopeful for progress on a stalled double taxation agreement with the U.S.
• The agreement aims to avoid double taxation and unlock more investment between Taiwan and the U.S.
• AmCham Taiwan President Carl Wegner will visit Washington to advocate for the agreement.
• Taiwan is the only one of the U.S.'s top 10 trading partners without a dual taxation agreement.
• A recent post-tariffs trade deal, the Agreement on Reciprocal Trade (ART), is seen as an opportunity to advance the tax agreement.
• The White Paper identifies Taiwan as a vital U.S. partner in the Asia Pacific, particularly in semiconductors and defense equipment.

The head of the American Chamber of Commerce in Taiwan, Carl Wegner, expressed optimism about potential progress on a long-stalled double taxation agreement between Taiwan and the United States. Wegner stated that the recent Agreement on Reciprocal Trade (ART), which reduced U.S. tariffs on Taiwanese exports and secured Taiwan's commitment to increase purchases from the U.S., provides a favorable environment for advancing the tax deal.