Taiwan is working closely with the US to resolve the issue of double taxation in the hope of deepening bilateral partnerships in key supply chains, President Tsai Ing-wen (蔡英文) told a US-Taiwan Business Council delegation yesterday.
Led by former US undersecretary of state for economic growth, energy and the environment Keith Krach, the delegation consists of representatives from 29 US companies in fields such as energy, finance, defense and advanced technology.
Tsai thanked Krach for his efforts to promote cooperation and exchanges between Taiwan and the US, as well as the businesses for attaching great importance to the Taiwan market.
Photo: CNA
Taiwan has demonstrated resilience in the past few years amid an uncertain global economic environment due to the COVID-19 pandemic and the geopolitical landscape, maintaining its international competitiveness and contributing to the stability of the global supply chain, she said.
As the eighth-largest trading partner of the US, Taiwan is seeking solutions to the double taxation issue to build a better investment environment for both sides and deepen partnerships in key supply chains, she said.
The US House of Representatives Committee on Ways and Means on Friday approved the Tax Relief for American Families and Workers Act of 2024, which includes removing the current double taxation between the US and Taiwan, which Tsai said is welcome progress.
She also expressed Taiwan’s willingness to join the Washington-led Indo-Pacific Economic Framework, while soliciting support from the council.
Krach congratulated president-elect William Lai (賴清德) and vice president-elect Hsiao Bi-khim (蕭美琴) and praised Taiwanese as they “stood resolutely behind their democracy and sent a clear message to the rest of the world that their freedom is here to stay” through the presidential and legislative elections on Jan. 13.
The results of the elections also indicated public support for Taiwan to maintain its ties with the US, he said.
“The momentum between the US and Taiwan will keep growing and our friendship will soar to new heights,” he added.
The delegation is to discuss topics of mutual interest with Taiwanese counterparts, including trade policies, investment opportunities and technological cooperation with the goal of driving economic growth and innovation for both the US and Taiwan, he said.
Now chairman of the Krach Institute for Tech Diplomacy at Purdue, Krach said that the institute launched the Taiwan Center for Innovation and Prosperity to partner with Taiwan’s leading companies and innovators to “provide access to world-class talent, a rich investment ecosystem and raise Taiwan’s international standing.”
There is bipartisan consensus in Washington that Taiwan’s freedom and prosperity are “in the economic, technological, scientific and national security interests of the US and the free world,” he said.
On Monday, the delegation met with Premier Chen Chien-jen (陳建仁), who thanked the council for its long-term efforts to promote economic and trade relations between Taiwan and the US, such as by communicating with the US government, holding industry forums, publishing survey reports and visiting the nation regularly.
The two sides are to continue bolstering ties through the Economic Prosperity Partnership Dialogue and the Technology Trade and Investment Collaboration, he said.
An undersea cable to Penghu County has been severed, the Ministry of Digital Affairs said today, with a Chinese-funded ship suspected of being responsible. It comes just a month after a Chinese ship was suspected of severing an undersea cable north of Keelung Harbor. The National Communications and Cyber Security Center received a report at 3:03am today from Chunghwa Telecom that the No. 3 cable from Taiwan to Penghu was severed 14.7km off the coast of Tainan, the Ministry of Digital Affairs said. The Coast Guard Administration (CGA) upon receiving a report from Chunghwa Telecom began to monitor the Togolese-flagged Hong Tai (宏泰)
A cat named Mikan (蜜柑) has brought in revenue of more than NT$10 million (US$305,390) for the Kaohsiung MRT last year. Mikan, born on April 4, 2020, was a stray cat before being adopted by personnel of Kaohsiung MRT’s Ciaotou Sugar Refinery Station. Mikan was named after a Japanese term for mandarin orange due to his color and because he looks like an orange when curled up. He was named “station master” of Ciaotou Sugar Refinery Station in September 2020, and has since become famous. With Kaohsiung MRT’s branding, along with the release of a set of cultural and creative products, station master Mikan
RISING TOURISM: A survey showed that tourist visits increased by 35 percent last year, while newly created attractions contributed almost half of the growth Changhua County’s Lukang Old Street (鹿港老街) and its surrounding historical area clinched first place among Taiwan’s most successful tourist attractions last year, while no location in eastern Taiwan achieved a spot in the top 20 list, the Tourism Administration said. The listing was created by the Tourism Administration’s Forward-looking Tourism Policy Research office. Last year, the Lukang Old Street and its surrounding area had 17.3 million visitors, more than the 16 million visitors for the Wenhua Road Night Market (文化路夜市) in Chiayi City and 14.5 million visitors at Tainan’s Anping (安平) historical area, it said. The Taipei 101 skyscraper and its environs —
Taiwan on Friday said a New Zealand hamburger restaurant has apologized for a racist remark to a Taiwanese customer after reports that it had first apologized to China sparked outrage in Taiwan. An image posted on Threads by a Taiwanese who ate at Fergburger in Queenstown showed that their receipt dated Sunday last week included the words “Ching Chang,” a racial slur. The Chinese Consulate-General in Christchurch in a statement on Thursday said it had received and accepted an apology from the restaurant over the incident. The comment triggered an online furor among Taiwanese who saw it as an insult to the
RSS