19 August 2022

EY Podcast: weekly US international cross-border taxation news for week ending 19 August 2022

EY’s Spotlight podcast is a review of the week's major US international tax-related developments. Highlights of this week’s edition include:

President Biden signs Inflation Reduction Act of 2022 into law; includes new 15% corporate alternative minimum tax

  • Inflation Reduction Act includes unprecedented energy and climate provisions

  • Stock buyback provision in Inflation Reduction Act may have broader implications

  • IRS funding in Inflation Reduction Act may increase scrutiny of transfer pricing cases

  • Treasury and IRS to extend applicability date of 2016 final Section 987 FX regulations additional year

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    Document ID: 2022-5795