Search Results for keywords:"united states-people's republic of china income tax convention"

Search Results: keywords:"united states-people's republic of china income tax convention"

S. 3861 — To terminate the United States-People's Republic of China Income Tax Convention if the People's Liberation Army initiates an armed attack against Taiwan.
March 05, 2024
Status:Introduced in Senate
Congress:118
Words:319
S. 3861 proposes to end the income tax agreement between the United States and the People's Republic of China if China’s military attacks Taiwan. The Secretary of the Treasury is required to notify China within 30 days of the President's assessment that such an attack has...
Simple Explanation
If China's military attacks Taiwan, this bill says the United States will stop a special agreement with China about taxes. The President and the Treasury boss have to tell China and certain people in the U.S. government if this happens.
H. R. 7874 — To terminate the United States-People’s Republic of China Income Tax Convention if the People’s Liberation Army initiates an armed attack against Taiwan.
April 05, 2024
Status:Introduced in House
Congress:118
Words:352
H.R. 7874 proposes that the United States would end the Income Tax Convention with the People’s Republic of China if the Chinese military attacks Taiwan. The Secretary of the Treasury is required to notify China within 30 days after the President informs them about such an...
Simple Explanation
If the Chinese military starts a fight with Taiwan, this bill says the United States would stop an agreement they have with China about sharing tax information. The President and special government people have to quickly tell China and some important groups about it.

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