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12 June 2023

EY Podcast: monthly ITS Washington Dispatch (May 2023)

EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:

US Congress passes debt ceiling bill, averts possible default

  • House Ways & Means Republicans introduce tax increase on foreign companies to influence BEPS 2.0 tax deal

  • IRS proposed regulations would turn off Section 367(d) following certain IP repatriations

  • IRS addresses taxation of digital currency – US officials comment on CAMT

  • US negotiating tax agreements with Israel, Switzerland and Norway

  • US Senate Foreign Relations Committee reports out proposed US-Chile tax treaty

  • US House members introduce resolution calling for legislation to prevent double taxation between US and Taiwan

  • BEPS Pillar One to follow revised implementation plan

  • G7 Finance Ministers welcome OECD progress report on tax cooperation, reiterate commitment to Pillars One and Two implementation

    Register for this monthly podcast on Apple Podcasts here.

    Document ID: 2023-5500

     
     

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