United States-Taiwan Expedited Double-Tax Relief Act

This bill creates tax relief for certain residents of Taiwan by reducing withholding tax rates on income from US sources. It lowers rates on interest, dividends, and royalties from 30% to 10% or 15% for qualifying Taiwanese residents, exempts certain wages from taxation, and provides relief for income from entertainment/athletic activities up to $30,000. To qualify, individuals must meet specific criteria including being liable to tax in Taiwan but not as a US person, and meeting ownership requirements for businesses. The bill establishes new rules for determining who qualifies as a "qualified resident of Taiwan" and how tax relief should be applied. These provisions aim to reduce double taxation for Taiwanese residents with income from US sources while maintaining specific eligibility requirements.