01 May 2018 Washington Dispatch for April 2018 The latest edition of Ernst & Young's Washington Dispatch is attached below. Prepared by Ernst & Young's International Tax Services group, this monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include: — Treasury, OMB announce agreement on tax regulatory review process — IRS and Treasury Notice offers some clarity on Section 163(j) business interest expense limitation — Notice 2018-26 announces anti-avoidance rules and other regulations on the transition tax provision in Section 965 — US issues CbC reporting guidance for specified national security contractors — IRS issues interim guidance under new Section 1446(f) for sales of interests in non-publicly traded partnerships ——————————————— ATTACHMENT Washington Dispatch for April 2018 Document ID: 2018-0922 |