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July 1, 2022
2022-5635

Washington Dispatch for June 2022

The latest edition of EY's Washington Dispatch is attached below. Prepared by Ernst & Young's International Tax and Transaction Services group, this monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include:

Legislation

  • Democrats fail to reach consensus on pared-down budget reconciliation package

  • Treasury Secretary testifies in support of anti-inflationary measures, BEPS 2.0

Courts

  • US Supreme Court accepts FBAR filing case

IRS news

  • IRS to defer reporting for certain derivative payments in forthcoming BEAT regulations

OECD developments

  • OECD officials offer update on BEPS 2.0 Pillars One and Two

  • OECD releases public consultation documents on tax certainty under Amount A for Pillar One 

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ATTACHMENT

Washington Dispatch for June 2022

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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