June 7, 2022
EY Podcast: monthly ITS Washington Dispatch (May 2022)
EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:
US budget reconciliation remains stalled, but some behind-the-scenes talks
Senators introduce Support Ukraine Through Our Tax Code Act
More US FTC guidance coming
US officials offer international tax projects update
IRS GLAM addresses allocating/apportioning ‘deferred compensation expense’ for FDII deductions
Changes to QI withholding agreement rules expand QI W/H and reporting responsibilities
OECD officials offer BEPS 2.0 update
OECD issues recommendations to strengthen tax administrations’ cooperation re international rules, including BEPS 2.0
OECD releases public consultation on Regulated Financial Services Exclusion under Amount A for Pillar One
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