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07 October 2020

EY Podcast: monthly ITS Washington Dispatch (September 2020)

EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:

  • Final BEAT regulations adopt proposed BEAT guidance with some changes
  • New final and newly proposed foreign tax credit regulations released
  • Treasury issues final sourcing regulations on sales of personal property (including inventory)
  • IRS releases final and proposed regulations re repeal of Section 958(b)(4)
  • IRS issues final regs on characterization of foreign persons’ gain or loss from sale / exchange of interests in partnerships engaged in US trade or business
  • Final Section 163(j) regulations generally applicable tax years on / after 13 November 2020
  • IRS delays certain Section 987 FX regulations for additional year
  • Notice 2020-69 provides rules on entity treatment election for certain S corporations re GILTI in AAA inclusions
  • Final BEPS 2.0 Pillar 1 and 2 blueprints to be published 12 October 2020
  • OECD releases third phase of peer reviews on BEPS Action 13

Register for this monthly podcast on iTunes here.

Document ID: 2020-6303

 
 

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