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04 November 2022

Washington Dispatch for October 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:

Treasury and IRS news

Proposed FTC regs release expected soon, PTEP regs in first half of 2023

  • Treasury official says proposed crypto regs coming before year end

    Transfer pricing news

    IRS may be more selective on APAs given availability of ICAP in transfer pricing disputes

  • IRS to reconsider APA revenue procedure guidance

    Tax treaty news

    Treasury developing measures for future treaties to address new tax regimes, new US-Croatia treaty before year end 

    OECD developments

    G20 Finance Ministers welcomed progress made on BEPS 2.0, called for swift implementation

  • OECD releases public consultation document on administration and tax certainty aspects of Amount A of Pillar One

  • OECD releases report on interaction of Tax Incentives and Pillar Two 

  • OECD/G20 Inclusive Framework held 14th plenary meeting and published 6th annual progress report

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    ATTACHMENT

    Washington Dispatch for October 2022

    Document ID: 2022-6064

     
     

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