July 4, 2021 U.S. Tax This Week for July 2 Ernst & Young's U.S. Tax This Week newsletter for the week ending July 2 is now available. Prepared by Ernst & Young's National Tax Department in Washington, D.C., this weekly update summarizes important news, cases, and other developments in U.S. taxation.
————————————————————————— The new elective state pass-through entity taxes: A survey of the latest developments (July 15) Tax in the time of COVID-19: Update on legislative, economic, regulatory and IRS developments (July 16) US corporate income tax compliance: Tax year 2020 filing update and multi-year readiness (July 20) Research credit: recent federal cases highlight an uncertain landscape (July 22) Tax risk and controversy for companies operating in Asia-Pacific (July 26) ————————————————————————— Courts — Jun 30: U.S. District Court vacates Department of Labor's high-skilled wage rule (Tax Alert 2021-1282) International — Jul 01: EY publication highlights 2021 Q2 tax policy developments across the Americas (Tax Alert 2021-1295) — Jun 30: Argentina's automatic extensions of expiring/expired immigration documents to come to an end (Tax Alert 2021-1294) — Jun 30: Uruguay expands COVID-19 tax relief measures (Tax Alert 2021-1293) — Jun 30: Trade Watch | Issue 2 2021 (Tax Alert 2021-1291) — Jun 30: Polish Ministry of Finance publishes decree deferring certain provisions of the new withholding tax reform to 31 December 2021 (Tax Alert 2021-1287) — Jun 30: OECD publishes international exchange framework and optional module for Model Reporting Rules for sellers in the sharing economy (Tax Alert 2021-1286) — Jun 30: Vietnam launches COVID-19 Vaccine Passport Pilot Program in July 2021 (Tax Alert 2021-1285) — Jun 30: USCIS extends flexibility for responding to agency requests (Tax Alert 2021-1284) — Jun 30: New entry rules for Venezuelan nationals, maritime crew and individuals who recovered from COVID-19 (Tax Alert 2021-1283) — Jun 30: South Sudan implements an electronic tax system (Tax Alert 2021-1280) — Jun 30: Danish Supreme Court denies refund of dividend withholding tax to nonresident investment funds (Tax Alert 2021-1279) — Jun 30: Denmark publishes draft bill relaxing transfer pricing documentation requirements in relation to domestic controlled transactions (Tax Alert 2021-1278) — Jun 29: Australian Taxation Office issues draft tax ruling expanding scope of royalty withholding tax on software related payments (Tax Alert 2021-1274) — Jun 25: Brazilian Government proposes changes to corporate income tax system as second phase of comprehensive tax reform (Tax Alert 2021-1270) — Jun 25: Argentina issues new transfer pricing regulations (Tax Alert 2021-1269) — Jun 25: Brazilian Congress approves five-percentage-point increase to the social contribution tax for banks, insurance companies and other financial services entities (Tax Alert 2021-1268) — Jun 25: Venezuelans granted further permission to enter and depart Colombia with expired passports; several administrative deadlines extended (Tax Alert 2021-1264) — Jun 23: Canada's quarantine and travel restriction updates for CoPR holders provided (Tax Alert 2021-1248) — Jun 17: New trade agreement between UK and Australia includes multiple immigration provisions (Tax Alert 2021-1213) — Jun 25: Tanzania’s Parliament passes Finance Bill, 2021 (Tax Alert 2021-1261) Legislation — Jun 28: What to Expect in Washington (June 28) (Tax Alert 2021-1272) — Jun 28: This Week in Health Policy for June 28 (Tax Alert 2021-1271) States — Jun 30: Vermont legislation lessens impact of regular COVID-19 UI benefits on future employer SUI tax rates (Tax Alert 2021-1290) — Jun 29: Indiana ends COVID-19 nexus relief provision for teleworkers (Tax Alert 2021-1277) — Jun 28: Nebraska trial court dismisses COST challenge to Department of Revenue's policy statement on IRC 965 inclusion income (Tax Alert 2021-1275) — Jun 28: Massachusetts to end COVID-19 income tax relief for teleworkers (Tax Alert 2021-1273) — Jun 25: Maine legislation extends COVID-19 income tax relief for teleworkers, establishes penalty for failure to provide information returns to the state's tax assessor (Tax Alert 2021-1267) ————————————————————————— State and Local Tax Weekly — Massachusetts high court allows corporation to retroactively apportion sales tax based on the location of multistate software use The Massachusetts Supreme Judicial Court (MA SJC) affirmed a decision by the Massachusetts Appellate Tax Board (MA ATB) allowing software vendors to use the state's abatement process to apportion sales tax on software sold to a customer for multistate use despite the vendors not complying with the express terms of a regulation promulgated by the Massachusetts Department of Revenue (MA DOR). Oracle USA, Inc. v. Commissioner of Revenue, No. SJC-13013 (Mass. Sup. Jud. Ct. May 21, 2021). — Income/Franchise, Sales & Use, Business Incentives, Property Tax, Controversy, Payroll & Employment Tax, Miscellaneous Tax, Unclaimed Property, Value Added Tax, Unclaimed Property Washington Dispatch Legislation
Treasury and IRS news
Digital Taxation
OECD developments
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Revenue Rulings
Notices
Because the matters covered herein are complicated, U.S. Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor. | |||||||||||||