10 November 2023

EY Podcast: weekly US international cross-border taxation news for week ending 10 November 2023

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 Treasury and IRS release proposed regulations on Section 987, income and currency gain or loss with respect to QBUs

  • US court denies Section 245A DRD deduction based on economic substance

  • Hungary authorizes signing of new US-Hungary CCA for exchange of CbC reports

  • OECD, senior government officials discuss BEPS 2.0 Pillars One and Two 

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    Document ID: 2023-5696