13 September 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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    Document ID: 2021-5939