01 September 2022 EY Podcast: monthly ITS Washington Dispatch (August 2022) EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include: President Biden signs Inflation Reduction Act with 15% corporate minimum tax Inflation Reduction Act includes 1% stock buyback excise tax Congress passes $280 billion Chips and Science Act Applicability date for FX regs under Section 987 extended again IRS announces delay in effective date of Section 871(m) regulations IRS Notice 2022-36 penalty relief applies to certain international tax information returns US Tax Court increases Medtronic royalty rate under unspecified TP method Increased IRS funding from Inflation Reduction Act may increase transfer pricing scrutiny OECD releases 2022 update on peer review of preferential tax regimes and no or only nominal tax jurisdictions Register for this monthly podcast on Apple Podcasts here. Document ID: 2022-5838 | 
