“SUBMITTED RESOLUTIONS” published by the Congressional Record in the Senate section on July 21

Webp 20edited

“SUBMITTED RESOLUTIONS” published by the Congressional Record in the Senate section on July 21

ORGANIZATIONS IN THIS STORY

Volume 168, No. 121 covering the 2nd Session of the 117th Congress (2021 - 2022) was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“SUBMITTED RESOLUTIONS” mentioning the U.S. Dept of State was published in the in the Senate section section on page S3613 on July 21.

The State Department is responsibly for international relations with a budget of more than $50 billion. Tenure at the State Dept. is increasingly tenuous and it's seen as an extension of the President's will, ambitions and flaws.

The publication is reproduced in full below:

SUBMITTED RESOLUTIONS

______

SENATE RESOLUTION 715--EXPRESSING THE SENSE OF THE SENATE ON THE VALUE

OF A TAX AGREEMENT WITH TAIWAN

Mr. SASSE (for himself and Mr. Van Hollen) submitted the following resolution; which was referred to the Committee on Foreign Relations:

S. Res. 715

Whereas Taiwan is a democratic success story, an economic success story, a key part of global technology supply chains, and a close security partner of the United States;

Whereas the United States has pursued a robust unofficial partnership with Taiwan within the context of the current one-China policy of the United States;

Whereas the Taiwan Relations Act (Public Law 96-8) has played an important role in promoting democracy and prosperity in Taiwan, peace and security in the Taiwan Strait, and close relations between the United States and Taiwan since 1979;

Whereas Taiwan is the eighth-largest trading partner of the United States, United States exports of goods and services to Taiwan support at least 188,000 American jobs, and Taiwan's cumulative investment in the United States is at least

$13,700,000,000;

Whereas the United States has ongoing economic dialogues with Taiwan that cover a range of trade, technology, and investment issues through the Trade and Investment Framework Agreement Council led by the United States Trade Representative, the U.S.-Taiwan Economic Prosperity Partnership Dialogue led by the Department of State, and the Technology, Trade, and Investment Collaboration framework led by the Department of Commerce;

Whereas the Biden Administration announced the ``U.S.- Taiwan Initiative on 21st Century Trade'' on June 1, 2022;

Whereas the United States has income tax treaties with 66 countries, including the People's Republic of China, and has agreements with other parties, including Taiwan, related to taxation, such as facilitating implementation of the Foreign Account Tax Compliance Act;

Whereas Taiwan is the United States' largest trading partner with whom we do not have an income tax treaty;

Whereas Taiwan has income tax agreements with 34 countries, including countries that have trade agreements with the United States and do not maintain diplomatic relations with Taiwan;

Whereas the United States signed a transportation income tax agreement with Taiwan in 1988, under the auspices of the American Institute in Taiwan (AIT) and the Coordination Council for North American Affairs, which has since been renamed as the Taipei Economic and Cultural Representative Office (TECRO);

Whereas an income tax agreement between the United States and Taiwan could boost bilateral trade and investment by reducing double taxation and increasing economic efficiency and integration; and

Whereas the American Chamber of Commerce in Taipei in its

``2022 White Paper'' called for the United States and Taiwan to continue exploring an income tax agreement: Now, therefore, be it

Resolved, That the Senate--

(1) recognizes the importance of Taiwan's security and prosperity to the United States' own security and prosperity;

(2) encourages the President to begin negotiations on an income tax agreement with Taiwan;

(3) encourages the President and the House of Representatives to work with the Senate on a congressional- executive agreement to establish an income tax agreement between the United States and Taiwan, consistent with United States commitments under the Taiwan Relations Act; and

(4) encourages the President to proactively seek other ways to increase trade, technology, and investment ties between the United States and Taiwan.

____________________

SOURCE: Congressional Record Vol. 168, No. 121

ORGANIZATIONS IN THIS STORY