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.
TRAGEDY: An expert said that the incident was uncommon as the chance of a ground crew member being sucked into an IDF engine was ‘minuscule’ A master sergeant yesterday morning died after she was sucked into an engine during a routine inspection of a fighter jet at an air base in Taichung, the Air Force Command Headquarters said. The officer, surnamed Hu (胡), was conducting final landing checks at Ching Chuan Kang (清泉崗) Air Base when she was pulled into the jet’s engine for unknown reasons, the air force said in a news release. She was transported to a hospital for emergency treatment, but could not be revived, it said. The air force expressed its deepest sympathies over the incident, and vowed to work with authorities as they
A tourist who was struck and injured by a train in a scenic area of New Taipei City’s Pingsi District (平溪) on Monday might be fined for trespassing on the tracks, the Railway Police Bureau said yesterday. The New Taipei City Fire Department said it received a call at 4:37pm on Monday about an incident in Shifen (十分), a tourist destination on the Pingsi Railway Line. After arriving on the scene, paramedics treated a woman in her 30s for a 3cm to 5cm laceration on her head, the department said. She was taken to a hospital in Keelung, it said. Surveillance footage from a
BITTERLY COLD: The inauguration ceremony for US president-elect Donald Trump has been moved indoors due to cold weather, with the new venue lacking capacity A delegation of cross-party lawmakers from Taiwan, led by Legislative Speaker Han Kuo-yu (韓國瑜), for the inauguration of US president-elect Donald Trump, would not be able to attend the ceremony, as it is being moved indoors due to forecasts of intense cold weather in Washington tomorrow. The inauguration ceremony for Trump and US vice president-elect JD Vance is to be held inside the Capitol Rotunda, which has a capacity of about 2,000 people. A person familiar with the issue yesterday said although the outdoor inauguration ceremony has been relocated, Taiwan’s legislative delegation has decided to head off to Washington as scheduled. The delegation
Another wave of cold air would affect Taiwan starting from Friday and could evolve into a continental cold mass, the Central Weather Administration (CWA) said yesterday. Temperatures could drop below 10°C across Taiwan on Monday and Tuesday next week, CWA forecaster Chang Chun-yao (張竣堯) said. Seasonal northeasterly winds could bring rain, he said. Meanwhile, due to the continental cold mass and radiative cooling, it would be cold in northern and northeastern Taiwan today and tomorrow, according to the CWA. From last night to this morning, temperatures could drop below 10°C in northern Taiwan, it said. A thin coat of snow
RSS