November 9, 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
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