01 May 2018

Washington Dispatch for April 2018

The latest edition of Ernst & Young's Washington Dispatch is attached below. Prepared by Ernst & Young's International Tax Services group, this monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include:

Treasury and IRS news

— Treasury, OMB announce agreement on tax regulatory review process
— IRS and Treasury Notice offers some clarity on Section 163(j) business interest expense limitation
— Notice 2018-26 announces anti-avoidance rules and other regulations on the transition tax provision in Section 965
— US issues CbC reporting guidance for specified national security contractors
— IRS issues interim guidance under new Section 1446(f) for sales of interests in non-publicly traded partnerships

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ATTACHMENT

Washington Dispatch for April 2018

Document ID: 2018-5587