Us Congress 2023-2024 Regular Session

Us Congress House Bill HR449

Introduced
5/25/23  

Caption

Expressing the sense of the House of Representatives on the value of a tax agreement with Taiwan.

Impact

The resolution asserts that an income tax agreement with Taiwan could greatly enhance economic efficiency by eliminating double taxation, thereby incentivizing investments and trade between the two nations. Proponents believe this will strengthen not only economic ties but also diplomatic relations, thereby securing U.S. interests in the Asia-Pacific region. By encouraging proactive governmental collaboration, the resolution aims to solidify the foundation for future economic partnerships.

Summary

House Resolution 449 expresses the sense of the House of Representatives regarding the importance of establishing a tax agreement with Taiwan. This resolution highlights Taiwan's role as a significant trading partner for the United States and acknowledges its contributions to the American economy, including support for a considerable number of jobs through exports. By framing Taiwan as a democratic and economic success story, the resolution aims to reinforce U.S. commitment to fostering strong bilateral relations through improved trade and investment agreements.

Contention

Despite its supportive stance, there may be underlying political contention regarding the urgency and necessity of such an agreement, especially considering the complexities of U.S.-China relations and Taiwan's unique diplomatic status. Opposition may arise from concerns over how a tax agreement could be perceived within the broader geopolitical landscape, particularly regarding trade equity and international competition. Critics might also raise questions about potential implications for other trade agreements or commitments the U.S. has with Taiwan and its recognition within international law.

Companion Bills

US SR91

Related A resolution expressing the sense of the Senate on the value of a tax agreement with Taiwan.

Previously Filed As

US SR91

A resolution expressing the sense of the Senate on the value of a tax agreement with Taiwan.

US HB4729

Taiwan Tax Agreement Act of 2023

US SB1457

Taiwan Tax Agreement Act of 2023

US HR352

Expressing the sense of the House of Representatives on the importance of a unified transatlantic role in deterring the Chinese Communist Party from disrupting the peace and stability in the Taiwan Strait.

US HB4004

United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act

US HCR10

Expressing the sense of Congress that the United States should resume normal diplomatic relations with Taiwan, negotiate a bilateral free trade agreement with Taiwan, and support Taiwan's membership in international organizations.

US HB2372

STAND with Taiwan Act of 2023 Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2023

US HCR8

Expressing the sense of Congress that the United States should resume normal diplomatic relations with Taiwan, negotiate a bilateral free trade agreement with Taiwan, and support Taiwans membership in international organizations.

US SB1027

STAND with Taiwan Act of 2023 Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2023

US HR133

Expressing the sense of the House of Representatives with respect to Marcus Garvey.

Similar Bills

No similar bills found.