March 5, 2021 2021-0487 Washington Dispatch for February 2021 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: Legislation - Congress poised to enact $1.9t COVID-relief bill with repeal of worldwide interest expense allocation – but what’s next?
Transfer pricing news - Treasury to consider reviving expired transfer pricing aggregation regulations
- IRS continues APA/MAP case closures despite COVID restrictions
OECD developments - OECD Forum on Tax Administration releases new handbook for International Compliance Assurance Programme (ICAP)
- OECD holds public consultation on review of minimum standard on dispute resolution under BEPS Action 14
- OECD releases 10th batch of peer review reports on BEPS Action 14 related to improving dispute resolution
——————————————— ATTACHMENT Washington Dispatch for February 2021 |