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04 August 2023

Washington Dispatch for July 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:

US Congress

Congressional Republicans criticize BEPS 2.0 project

  • Senate moves on US-Taiwan tax relations

  • Congress pivots to crypto assets, requests comments on tax uncertainties

    Treasury and IRS news

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

  • IRS makes permanent fast-track program to resolve certain corporate PLR requests

    OECD developments 

    OECD/G20 Inclusive Framework releases technical documents on BEPS Pillars One and Two

  • OECD releases Outcome Statement on progress on Pillars One and Two of BEPS 2.0 project

  • OECD Secretary-General Tax Report provides international tax update

  • OECD releases 2023 report on tax transparency in Latin America

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    ATTACHMENT

    Washington Dispatch for July 2023

    Document ID: 2023-5568

     
     

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