Taiwan hopeful of reaching tax deal with US next year

Flags of Taiwan and U.S. are placed for a meeting between U.S. House Foreign Affairs Committee Chairman Ed Royce speaks and with Su Chia-chyuan, President of the Legislative Yuan in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File Photo

TAIPEI (Reuters) - Taiwan hopes to reach a long-mooted tax agreement with the United States next year, Finance Minister Chuang Tsui-yun said on Wednesday, which both sides have said will foster more investment and Taipei has long pushed for.

Republican and Democratic members of the U.S. House of Representatives introduced legislation in July that would authorize President Joe Biden's administration to negotiate the tax agreement with Taiwan.