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14 January 2021

Washington Dispatch 2020 Year-in-Review (January - December)

A special edition of Ernst & Young's Washington Dispatch - Year in Review is attached below. Prepared by Ernst & Young's International Tax and Transaction Services group, this newsletter summarizes recent developments in US international taxation. Highlights of this edition include:

— Tax Cuts and Jobs Act

— Legislation

— Tax Administration

— Foreign tax credit

— Corporate

— Partnerships

— Capital markets

— Passive Foreign Investment Company (PFIC)

— Sourcing

— Foreign Investment in Real Property Tax Act (FIRPTA)

— Tax treaties

— Transfer pricing

— Digital taxation

— Foreign Account Tax Compliance Act (FATCA)

— IRS forms

— Miscellaneous

— OECD

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ATTACHMENT

Washington Dispatch 2020 Year-in-Review (January – December)

Document ID: 2021-0095

 

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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