September 2, 2021
EY Podcast: monthly ITS Washington Dispatch (August 2021)
EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:
US infrastructure legislation, FY 2022 budget resolution move forward
Senate Finance Committee Chairman, members release international tax discussion draft
Finance Committee Chairman introduces bill to amend tax treatment of financial derivative transactions
Senate-passed infrastructure bill would impose information-reporting requirements on sales of cryptocurrency, other digital assets
IRS extends to 1 January 2023 date for W/H on certain transfers, distributions related to PTP interests
US, Germany agree on exchange of CbC reports
IRS financial services campaign will not target specific transactions
OECD releases 2021 peer review update of preferential tax regimes
OECD releases corporate tax statistics publication, including anonymized/aggregated CbC report stats
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