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Congress is looking to take a novel approach and add provisions to the U.S. tax code establishing benefits for business with Taiwan.

Taiwan tax bill in the mix during NDAA talks

A bill to extend tax treaty-like benefits to Taiwan is in the mix for a ride on the annual defense authorization bill, according to multiple sources with knowledge of the conversations.

The bipartisan legislation has no cost and is widely-backed, so it is in theory an easy sell. But the big question will be whether lawmakers are willing to let the NDAA carry a tax or trade measure, which is very unusual. Republicans were also rankled by the Biden administration’s decision last week to move ahead on its own tax agreement talks with Taiwan.

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