September 13, 2021
EY Podcast: weekly US international cross-border taxation news for week ending 10 September 2021
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 House Ways and Means Committee begins budget reconciliation markup
Treasury pushes for 21 percent minimum corporate tax on foreign earnings
Senate Finance Committee Chairman releases draft partnership tax legislation
Treasury official offers update on coming final foreign tax credit regulations
IRS releases 2021–2022 Priority Guidance Plan
IRS allows taxpayer to reverse "gap period" transaction through late CTB election
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