10 April 2020

EY Podcast: weekly US international cross-border taxation news for week ending 10 April 2020

EY’s Spotlight podcast is a review of the week's major US international tax-related developments. Highlights of this week’s edition include:

US Treasury issues final and proposed regulations on hybrid mismatch, dual consolidated loss, conduit financing and GILTI rules

  • New anti-abuse rule targets certain "GILTI gap period" transactions
  • IRS issues CARES Act guidance on NOLs
  • IRS significantly broadens COVID-19 tax return filing and payment relief
  • IRS withdraws Notice 2004-2 that identified so-called ‘Midco’ listed transactions
  • IRS issues 2019 APA annual report
  • Register for this weekly podcast on iTunes here.

    Document ID: 2020-5565