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.
US climber Alex Honnold is to attempt to scale Taipei 101 without a rope and harness in a live Netflix special on Jan. 24, the streaming platform announced on Wednesday. Accounting for the time difference, the two-hour broadcast of Honnold’s climb, called Skyscraper Live, is to air on Jan. 23 in the US, Netflix said in a statement. Honnold, 40, was the first person ever to free solo climb the 900m El Capitan rock formation in Yosemite National Park — a feat that was recorded and later made into the 2018 documentary film Free Solo. Netflix previewed Skyscraper Live in October, after videos
Starting on Jan. 1, YouBike riders must have insurance to use the service, and a six-month trial of NT$5 coupons under certain conditions would be implemented to balance bike shortages, a joint statement from transportation departments across Taipei, New Taipei City and Taoyuan announced yesterday. The rental bike system operator said that coupons would be offered to riders to rent bikes from full stations, for riders who take out an electric-assisted bike from a full station, and for riders who return a bike to an empty station. All riders with YouBike accounts are automatically eligible for the program, and each membership account
NUMBERS IMBALANCE: More than 4 million Taiwanese have visited China this year, while only about half a million Chinese have visited here Beijing has yet to respond to Taiwan’s requests for negotiation over matters related to the recovery of cross-strait tourism, the Tourism Administration said yesterday. Taiwan’s tourism authority issued the statement after Chinese-language daily the China Times reported yesterday that the government’s policy of banning group tours to China does not stop Taiwanese from visiting the country. As of October, more than 4.2 million had traveled to China this year, exceeding last year. Beijing estimated the number of Taiwanese tourists in China could reach 4.5 million this year. By contrast, only 500,000 Chinese tourists are expected in Taiwan, the report said. The report
Temperatures are forecast to drop steadily as a continental cold air mass moves across Taiwan, with some areas also likely to see heavy rainfall, the Central Weather Administration (CWA) said. From today through early tomorrow, a cold air mass would keep temperatures low across central and northern Taiwan, and the eastern half of Taiwan proper, with isolated brief showers forecast along Keelung’s north coast, Taipei and New Taipei City’s mountainous areas and eastern Taiwan, it said. Lows of 11°C to 15°C are forecast in central and northern Taiwan, Yilan County, and the outlying Kinmen and Lienchiang (Matsu) counties, and 14°C to 17°C
RSS