29 June 2016 EY publication highlights accounting implications of 2016 Q2 tax developments The Quarterly Tax Developments for the quarter ended June 30 is attached below. Prepared by Ernst & Young LLP's Tax Accounting group, this publication provides a quarterly overview of enacted and effective tax legislation, as well as regulatory developments and other items. Highlights of this edition include: — Tax legislation enacted in the second quarter
— Tax legislation effective in the second quarter
— Income tax treaties effective in the second quarter
— Other developments
— Income tax accounting considerations of Base Erosion and Profiting Shifting recommendations made by the Organisation for Economic Co-operation and Development
— FASB decision to issue final income tax guidance on intercompany transactions ———————————————
RELATED RESOURCES — For more information about EY's Tax Accounting services, visit us at www.ey.com/US/TaxAccounting
— For more information about EY's Tax Accounting University education program for clients, visit us at www.ey.com/TAU Contact Information
For additional information concerning this Alert, please contact:
| Tax Accounting and Risk Advisory Services | | • Angela Evans | (404) 817-5130 | | • Joan Schumaker | (212) 773-8569 | | • George Wong | (212) 773-6432 |
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ATTACHMENT Quarterly Tax Accounting Developments for 2nd quarter 2016 Document ID: 2016-1146 | 
