No Tax Treaties for Foreign Aggressors Act

This bill would require the U.S. Treasury to terminate the existing U.S.-China tax treaty if the President certifies that China's military (the People's Liberation Army) attacks Taiwan. The termination process would begin with a 30-day written notice to China after the President notifies Treasury. It also mandates that the President inform the Senate Foreign Relations and Finance Committees about such termination. The bill directly affects the U.S.-China tax treaty, which governs how income taxes are handled for businesses and individuals between the two countries.