Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

November 20, 2023
2023-5707

Americas Tax Roundup 20 November 2023

EY’s Americas Tax Roundup newsletter, prepared by EY Global Tax, provides a summary of the top weekly tax news, trends and developments in the Americas. Highlights of this week’s edition include:

  • US - Chile tax treaty ratified by Chilean Congress closer to entering into force
  • United States | Proposed regulations on qualified business units include simplified elections for determining IRC Section 987 gain or loss, but restrict the recognition of losses
  • US Federal Claims Court permits US citizens who are residents of France to claim a treaty-based foreign tax credit against US net investment income tax
  • US IRS launches new initiative to strengthen transfer pricing enforcement
  • US IRS announces hiring for Advance Pricing and Mutual Agreement Program
  • Uruguay's Government enacts law for accountability for 2022, making some changes to tax regulations
  • Upcoming webcasts
  • US Cross-Border Taxation weekly podcast, 17 November 2023
  • The week’s EY Tax Alerts
  • EY Industry and Tax Services publications

____________________________________________

ATTACHMENT

Americas Tax Roundup – 20 November 2023

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2023, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct