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09 November 2021

EY Podcast: monthly ITTS Washington Dispatch (October 2021)

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

President Biden releases pared down budget reconciliation framework

  • G20 leaders confirm commitment to global tax changes under BEPS 2.0

  • Six country Joint Statement on transitional approach to existing unilateral DST measures released

  • IRS rules gains, losses from commodity hedges sourced by reference to underlying hedged inventory property

  • Final Section 987 foreign currency regulations, certain related final regulations deferred by one additional year

  • IRS maintaining policy on “telescoping” in APA and MAP cases

  • Cyprus clarifies US-Cyprus CAA for exchange of CbC reports

  • MLI Conference of the Parties issues two opinions re MAP implementation and arbitration rules

  • UN releases MAP and Tax Dispute Resolution Handbook

    Register for this monthly podcast on iTunes here.

    Document ID: 2021-6163

     
     

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