08 March 2024 Washington Dispatch for February 2024 The latest edition of Ernst & Young'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: - OECD releases final guidance on BEPS Pillar One Amount B on baseline distribution
- Finalization of proposed FX regulations expected by year end, two sets of proposed Section 367 regs in first half of 2024
- US Senate approves IRS Chief Counsel nomination
- IRS sending out more letters regarding transfer pricing compliance
- OECD releases 2024 update on peer reviews under BEPS Action 5 on harmful tax practices
——————————————— ATTACHMENTS Washington Dispatch for US distribution Global Washington Dispatch for global distribution Document ID: 2024-0555 |