December 8, 2021
EY Podcast: monthly ITTS Washington Dispatch (November 2021)
EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:
US House passes Build Back Better Act budget reconciliation bill; action moves to Senate
President Biden signs infrastructure legislation including new cryptocurrency reporting
Final FTC regs expected by year-end, PTEP regs in 2022
New IRS tool supports withholding agents’ compliance with Form 1042-S
IRS requests comments on APA, MAP applications and compliance
US, Turkey announce joint statement on unilateral digital tax compromise
India, US agree on transitional approach for 2% Equalization Levy prior to implementation of Pillar One rule
OECD remains committed to BEPS Pillars in effect by end of 2023 – OECD releases 2020 MAP statistics and awards
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