‘Double Tax’ Hinders Taiwan’s Investment in American Factories

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Businesses from Taiwan are rushing to produce semiconductor chips on U.S. soil, but the lack of a formal U.S.-Taiwan tax treaty is an impediment

WASHINGTON—Bowei Lee’s chemical company wants to open a new American factory to make materials for semiconductors, exactly the type of investment U.S. officials are courting as theyBut the Taiwan-based firm, LCY Group, faces a problem: Earnings from the new factory would be taxed twice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gavin Newsom spurns proposed big-business tax hikeDemocrats in the Legislature say the tax would apply to just 0.2% of corporate tax filers.
Source: SFGate - 🏆 534. / 51 Read more »