30 June 2023

Washington Dispatch for June 2023

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:

Legislation

House Ways and Means Republicans release tax package 

  • Congressional JCT provides revenue estimates for BEPS 2.0 Pillar Two 

    Treasury and IRS news

    IRS waives addition to tax for a corporation’s failure to make estimated tax payments of its CAMT

  • IRS plans further IP guidance

    Tax treaties

    US Senate approval of US-Chile tax treaty brings treaty closer to  entry  into force

    OECD developments 

    BEPS 2.0 Project enters critical stage

  • OECD releases 2023 update on peer review of preferential tax regimes

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    ATTACHMENT

    Washington Dispatch for June 2023

    Document ID: 2023-5526