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U.S. Senator Mike Crapo spoke at an open session to discuss the United States-Taiwan Expedited Double-Tax Relief Act. He emphasized the importance of strengthening economic ties with Taiwan and addressed the need to address double taxation to encourage cross-border investment. Crapo explained that Taiwan's unique status requires a unique solution, with direct changes to the tax code to provide treaty-like benefits. The proposed bill aims to reduce withholding taxes, apply permanent establishment rules, and provide relief and certainty for workers.
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