June 12, 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
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