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23 December 2022

EY Podcast: weekly US international cross-border taxation news for week ending 23 December 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:

US Congress passes $1.7 trillion spending bill; no Tax Title

  • Treasury plans guidance on CAMT and stock buyback excise tax by year-end

  • IRS announces it will issue proposed regulations amending final Section 1446(f) final withholding regulations for PTPs

  • Treasury official says GILTI will need to be reformed

  • Congressional Republican lawmakers voice concerns over BEPS Pillar Two Undertaxed Profits Rule

  • OECD issues (i) consultation document on Pillar One MLI re: DSTs; (ii) consultation document on Pillar Two GloBE information return; (iii) consultation document on Pillar Two tax certainty for GloBE rules; and (iv) guidance on Pillar Two safe harbors and penalty relief

    Register for this weekly podcast on Apple Podcasts here.

    Document ID: 2022-6261

     
     

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