EY Cross-Border Taxation Alerts

A review of the week's major US international tax-related news. In this edition:  US enacts budget reconciliation legislation with major international tax changes – G-7 issues statement on global minimum taxes to address US concerns – President Trump issues EO extending country-specific tariff deadlines, sends 'tariff letters' to 14 countries – Canada rescinds DST to preserve US trade talks – IRS...

A review of the week's major US international tax-related news. In this edition:  US Senate delays consideration of budget reconciliation bill – Treasury Secretary requests Congress pull retaliation tax proposal from pending tax bill – Senate confirms new Treasury Assistant Secretary for Tax Policy – OECD updating portions of Chapter Vll of the Transfer Pricing Guidelines, studying global mobility...

A review of the week's major US international tax-related news. In this edition:  US Senate Finance Committee releases tax section of Senate Republicans' version of the House budget reconciliation bill; major international changes – IRS announces improvements to Pre-Filing Agreement program. 

A review of the week's major US international tax-related news. In this edition:  US Senate Finance Committee release of tax and health budget reconciliation provisions imminent -- Senate approves new IRS Commissioner – IRS issues interim CAMT guidance – IRS releases Notice on digital asset transactions. 

A review of the week's major US international tax-related news. In this edition:  US Senate moving forward on budget reconciliation legislation – Senate Finance Committee reports out nomination of new IRS Commissioner – President Trump increases tariffs on aluminum and steel imports – Treasury official warns US will act if OECD fails to accept US law as compliant with global minimum tax initiative...

A review of the week's major US international tax-related news. In this edition:  US House-passed budget reconciliation bill moves to Senate – US Appeals Court temporarily reinstates tariffs stayed by trade court – Treasury will not release final CAMT regulations anytime soon. 

A review of the week's major US international tax-related news. In this edition:  US House passes budget reconciliation bill, moves to Senate for consideration – Treasury official comments on BEPS Pillar Two permanent safe harbor.

A review of the week's major US international tax-related news. In this edition:  US House Ways & Means Committee reports out $3.8t budget reconciliation bill, but stalls in Budget Committee – OECD releases Consolidated Commentary on GLoBE Model Rules.

A review of the week's major US international tax-related news. In this edition:  US House Ways and Means and Energy and Commerce Committees to begin budget bill markup,  reconciliation package may be scaled back – US international tax bill introduced – US-UK trade framework announced, details to be finalized in coming weeks.

A review of the week's major US international tax-related news. In this edition:  Trump Administration, Congressional Republicans push budget reconciliation deadline to early July – US House committees marking-up draft reconciliation legislation – Treasury Secretary outlines trade policy plan – IRS reissues interim guidance on Advance Pricing Agreement submissions – New IRS Chief Counsel named.

A review of the week's major US international tax-related news. In this edition:  US Congress to begin push to draft budget reconciliation legislation – Treasury official also assumes role as acting IRS Commissioner – US discussing how GILTI can coexist with OECD BEPS 2.0 Pillar Two rules – USTR announces actions regarding Chinese maritime and logistics sectors.

A review of the week's major US international tax-related news. In this edition:  US Congress to move on budget reconciliation after recess – IRS withdraws regulations on certain partnership related-party basis-shifting transactions – OECD/G20 IF on BEPS issues statement following meeting, OECD official comments on discussions – UN negotiating committee of Framework Convention on International Tax...

A review of the week's major US international tax-related news. In this edition:  Congress to begin budget reconciliation drafting following two-week recess – US pauses additional country-specific tariff rates, increases tariffs on China – President Trump signs repeal of crypto-reporting final regulations – IRS requests submissions for 2025-2026 Priority Guidance Plan.

A review of the week's major US international tax-related news. In this edition:  US Senate releases FY2025 budget resolution; vote pending – President Trump announces far-reaching trade agenda, including 10% universal tariffs and country-specific ad valorem tariffs.

A review of the week's major US international tax-related news. In this edition:  Congressional Republicans moving forward on budget reconciliation – President Trump announces 25% additional import tariffs on automobiles and automobile parts – House Ways and Means Republicans reintroduce "Unfair Tax Prevention Act" in response to Pillar Two – IRS releases 26th annual APA report – US, Swiss compete...

A review of the week's major US international tax-related news. In this edition:  President Trump to receive recommendations for US response to BEPS Pillar One and Two – Congress will resume budget reconciliation work following recess.

A review of the week's major US international tax-related news. In this edition:  Congressional Republicans coalescing around single budget reconciliation bill – Congress poised to pass CR to fund the government – Congress votes to repeal IRS final regs on 'DeFI' digital asset reporting – Trump Administration selects Washington Council Ernst & Young's Rebecca Burch to be Treasury Deputy Assistant...

A review of the week's major US international tax-related news. In this edition:  President Trump calls for permanent tax cuts during joint session of Congress – Trump Administration imposes tariffs on Canada and Mexico, then reverses – US House Ways and Means Committee set to begin drafting budget reconciliation bill to extend expiring TJCA provisions – US Congress to address expiration of govern...

A review of the week's major US international tax-related news. In this edition:  US House passes FY'25 budget resolution, provides framework for reconciliation bill – White House memo sets stage for DST action – Trump administration to review US-PRC income tax treaty – IRS acting commissioner retires, replaced with COO – OECD releases consolidated report on Pillar One Amount B.

A review of the week's major US international tax-related news. In this edition:  President Trump endorses House Budget Committee's FY 2025 budget resolution – Trump Administration expected to release details on US DST action – White House issues EO on regulatory review process – President Trump comments on forthcoming auto and semiconductor chip tariffs.

A review of the week's major US international tax-related news. In this edition:  US House Budget Committee approves FY'25 Budget Resolution in first step to budget reconciliation legislation – President Trump signs country-by-country reciprocal trade and tariffs memorandum – OECD updates main documentation package for MNEs participating in ICAP risk assessments.

A review of the week's major US international tax-related news. In this edition:  President Trump meets with House Republicans to discuss tax bill framework – US tariffs on Canada and Mexico delayed – President Trump signs EO on regulations repeal – IRS GLAM clarifies government position on arm's length standard – US withdrawing from UN talks on international tax cooperation framework.

A review of the week's major US international tax-related news. In this edition:  US House leadership offers budget reconciliation timeline – Recent Trump Executive Order on OECD global tax deal may not necessarily affect IRS guidance on BEPS Pillar One Amount B – Hungary's PM authorizes US tax treaty negotiation.

A review of the week's major US international tax-related news. In this edition:  President Trump signs Executive Orders on BEPS project and trade policy – US House Ways & Means Committee Chairman introduces bill to punish countries imposing discriminatory taxes against US companies – President Trump addresses Davos Economic Forum on US taxation – IRS Commissioner resigns effective 20 January.

A review of the week's major US international tax-related news. In this edition:  President-elect Trump to usher in new administration on 20 January – US House passes Taiwan tax bill – US officials address CAMT guidance – US, France issue statement on exchange of CbC reports for 2024 and 2025 – US officials comment on BEPS 2.0 project – OECD IF co-chairs provide status report on Pillar One Amount...