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

May 13, 2024
2024-0961

Americas Tax Roundup | 13 May 2024

 
 

A weekly summary of the top weekly tax news, trends
and developments in the Americas

 
 
      
 

     This week's tax news from the Americas

  • Canada's 2024 budget implementation bill no. 1 introduced in House of Commons
    On 2 May 2024, Bill C-69, Budget Implementation Act, 2024, No. 1, received its first reading in Canada’s House of Commons. Bill C-69 implements the measures contained in the detailed notice of ways and means motion that was tabled on 30 April 2024, including certain tax measures announced in the 2024 federal budget and the 2023 federal fall economic statement, as well as various other tax measures (such as the implementation of Canada's Global Minimum Tax Act ) that were released in draft legislation on 20 December 2023 and 4 August 2023.
  • Washington Dispatch for April 2024
    The latest edition of EY's Washington Dispatch is available. The monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include: (i) US tax policy battle lines are being drawn; House tax writers form 10 TCJA “tax teams”; (ii) US progress on global minimum tax will positively affect ongoing R&D talks, JCT updating BEPS Pillar Two analysis; (iii) APA report for 2023 shows number of APAs executed more than doubled; and (iv) OECD BEPS 2.0 update.
  • Global Tax Policy and Controversy Watch | May 2024 edition
    EY’s publication, Global Tax Policy and Controversy Watch, highlights recent policy and administrative developments around the world. This month’s publication highlights (i) Poland publishes draft Pillar Two legislation, with option to apply retroactively from 1 January 2024; (ii) EU Public Country-by-Country Reporting Developments Tracker now available; and (iii) EY Green Tax Tracker updated.
  • PE Watch | Latest developments and trends, May 2024
    The latest edition of the PE Watch is available. Highlights of this edition include (i) French Court rules against deducting foreign permanent establishment (PE) losses; (ii) Saudi Arabia issues guidelines for Regional Headquarters Tax rules; and (iii) Uganda introduces provisions on PEs.
  
 
 

     This week's newsletters

  
 
 

     This week's tax treaty news from the Americas

  • United States and Taiwan: round of negotiations for the next agreement under the 21st-Century Trade Initiative held
  
 
 

     Upcoming EY webcasts

    Recently archived webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

     Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  
 
 

      This week's EY Global Tax Alerts

     Americas Tax Alerts

     Other Global Tax Alerts

     Indirect Tax Alerts

     Human Capital Alerts

  
 
 

      This week's EY Industry publications

     Mining and Metals

     Health

     Private Equity

     Oil and Gas

      This week's EY Services publications

     Transaction Advisory Services

     Risk

  
 
 
 

Additional resources

EY Global Tax News Update
EY's Global Tax Alerts and other content can be delivered directly to your inbox. Register for EY's Global Tax News Update.

EY Guides available for download
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, TP and other tax matters in more than 150 countries.

Comments. If you have any questions or suggestions about this newsletter, please email Global Tax News Update Help at: globaltaxnewsupdatehelp@ey.com.

 
 
 
 

About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnel.

 
 
 
 

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 © 2024, 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 Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more