09 June 2021

EY Podcast: monthly ITS Washington Dispatch (May 2021)

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

US Treasury ‘Green Book’ offers new details on international tax proposals

  • Senate hearing discusses Biden Administration’s international tax proposals

  • House bill would require SEC regulations on CbC financial information disclosure, including taxes

  • US proposes 15% global corporate minimum tax to BEPS 2.0 Steering Group

  • President Biden proposes increased IRS budget to improve tax compliance

  • IRS modifies guidance on accounting method changes for certain foreign corporations

  • IRS official comments on treaty derivative benefits post-Brexit

  • US Government releases early drafts of 2021 Schedules K-2 and K-3 for Forms 1065, 1120-S and 8865

  • Parties to OECD MLI release interpretative guidance

    Register for this monthly podcast on iTunes here.

    Document ID: 2021-5646