Senate Finance Committee Approves Tax Bill to Deepen US–Taiwan Economic Relations

The Senate Finance Committee has voted unanimously on a bill to provide relief for American and Taiwanese workers and businesses from double taxation.

Sen. Ron Wyden (D-Ore.) participates in a Senate Finance Committee hearing in Washington on March 22, 2023. Kevin Dietsch/Getty Images

The Senate Finance Committee has voted unanimously on a bill to provide relief for American and Taiwanese workers and businesses from double taxation.

Sen. Ron Wyden (D-Ore.), who serves as committee chair, said ahead of the vote that the legislation, known as the U.S.-Taiwan Expedited Double Tax Relief Act, would strengthen the partnership between the two sides.