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05 August 2022

EY Podcast: monthly ITS Washington Dispatch (July 2022)

EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:

US Senate Majority Leader, Sen. Manchin reach agreement on $740b budget reconciliation bill with 15% corporate minimum tax

  • Congress passes CHIPS bill with investment tax credits and incentives

  • Treasury and IRS publish technical corrections to final foreign tax credit regulations

  • IRS proposed regulations would limit Section 1256 mark-to-market accounting for FX contracts to FX forward contracts

  • Treasury announces termination of tax treaty with Hungary

  • OECD releases Progress Report on Amount A of Pillar One of BEPS 2.0 project

  • G20 Finance Ministers reiterate commitment to BEPS 2.0 two-pillar implementation

    Register for this monthly podcast on Apple Podcast here.

    Document ID: 2022-5746

     
     

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