17 December 2021

EY Podcast: weekly US international cross-border taxation news for week ending 17 December 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 Senate will not take up Build Back America Act in 2021

  • Updated Senate Finance Committee's title of the Build Back Better Act retains House’s international tax proposals, but with major technical changes

  • Final foreign tax credit regulations clear OMB, return for final Treasury review

  • OMB reviewing final regulations on interbank offered rates (IBORS)

  • OECD to release Pillar Two Global Anti-Base Erosion Model Rules on 20 December 

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    Document ID: 2021-6388