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August 7, 2019
2019-5988

Washington Dispatch for July 2019

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:

Treaty news

— US Senate approves long-delayed tax protocols with Luxembourg, Switzerland, Japan and Spain

Digital taxation

— US responds to France’s new DST

Treasury and IRS news

— IRS proposed regulations address passive foreign investment companies, clarify longstanding PFIC issues

— IRS releases final regulations addressing partnership allocations of creditable foreign tax expenditures

OECD Developments

— G7 Finance Ministers support OECD two-pillar project to develop new rules for taxing multinational businesses

— OECD releases update on peer review of preferential tax regimes and no-or-only- nominal tax jurisdictions

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Washington Dispatch for July 2019

 
 

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