August 19, 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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