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04 February 2019

Washington Dispatch for January 2019

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:

Legislation

— Tax agenda uncertain in new Congress

Treasury and IRS news

— Final Section 965 regulations largely follow proposed regulations, but include significant changes 

Capital Markets

— Argentine inflation results in US tax considerations for taxpayers and QBUs using the Argentine peso as their functional currency, and certain Argentine peso-denominated transactions

OECD Developments

— OECD releases policy note addressing tax challenges of digitalization

— OECD issues 2018 progress report on preferential regimes

— OECD BIAC issues tax principles for digital economy

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ATTACHMENT

Washington Dispatch for January 2019

Document ID: 2019-0294

 

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.

 

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