December 7, 2020 2020-2818 Washington Dispatch for November 2020 The latest edition of Ernst & Young's Washington Dispatch is attached below. Prepared by Ernst & Young's International Tax and Transaction Services group, this monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include: Treasury and IRS news - Treasury and IRS finalize regulations to reduce possibility of double taxation caused by anti-abuse rules on GILTI gap period
- IRS officials provide international regulatory update
Transfer Pricing news - US, Mexico renew competent authority agreement on unilateral APAs for maquiladoras
- IRS updates list of jurisdictions for automatic exchange of CbC reports
- IRS reviewing stock-based compensation in cost-sharing context
OECD Developments - OECD will hold virtual public consultation on BEPS 2.0 Pillar 1 and Pillar 2 in mid-January 2021
- OECD releases Consultation Document on 2020 review of BEPS Action 14
- OECD releases 2019 mutual agreement procedure statistics, 2019 mutual agreement procedure awards
- OECD releases report on taxing virtual currencies
——————————————— ATTACHMENT Washington Dispatch for November 2020
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