U.S. and Taiwan Set to Tackle Double Taxation

The U.S. and Taiwan are set to engage in negotiations aimed at formulating an agreement to resolve double taxation issues. This agreement, sought after by Taipei, is expected to boost investment. Discussions coincide with a senior U.S. diplomat's visit to Taipei.

The United States and Taiwan are poised to engage in crucial negotiations in the near future. These discussions aim to establish an agreement that tackles the challenges posed by double taxation, as revealed by the U.S. State Department on Tuesday.

Both nations assert that such an accord will significantly encourage increased investment. The initiative has long been advocated by Taipei, highlighting its importance to the region's economic landscape.

The announcement coincides with the arrival of a senior U.S. diplomat in Taipei, who is tasked with managing relations between the two territories. This development marks a pivotal moment in strengthening bilateral ties.

(With inputs from agencies.)