08 December 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

    Register for this monthly podcast on iTunes here.

    Document ID: 2021-6347