01 July 2022

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

    Document ID: 2022-5635