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09 April 2020

Washington Dispatch for March 2020

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

Legislation

  • CARES Act stimulus package has international tax implications

IRS news

  • IRS expands 15 April tax relief and issues FAQs on extension of filing and payment deadlines, FATCA reporting
  • IRS issues final Section 901(m) regulations
  • TIGTA finds major FIRPTA withholding discrepancies

Transfer pricing news

  • Alignment of transfer pricing regulations to TCJA provisions in relation to IP definition not expected before 2021

OECD news

  • OECD plans to continue BEPS 2.0 project virtually
  • OECD releases second annual peer review report on BEPS Action 6, prevention of treaty abuse
  • OECD issues IT-tools to support implementation of TRACE, wider exchange of tax information

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ATTACHMENT

Washington Dispatch for March 2020

Document ID: 2020-5552

 
 

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