01 November 2018 Washington Dispatch for October 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 expects to release most TCJA international proposed regulations by year-end — IRS issues proposed regulations reducing potential income inclusions for certain domestic corporations owning stock in foreign corporations
— IRS announces changes to Section 965 transition tax rules affecting basis election deadline, aggregate foreign cash position, and relief related to Hurricane Florence
— IRS issues guidance for REITs on treatment of certain income inclusions from foreign corporations
— IRS to move on withholding tax campaigns in 2019 — US reaffirms opposition to unilateral digital tax measures — OECD on track for digital tax framework
— OECD releases 2017 Mutual Agreement Procedure statistics ———————————————
ATTACHMENT Washington Dispatch for October 2018 Document ID: 2018-2184 | 
