August 1, 2021
U.S. Tax This Week for July 30
Ernst & Young's U.S. Tax This Week newsletter for the week ending July 30 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 indirect tax technology journey: Now. Next. Beyond. (August 5)
Internal Revenue Service
— Jul 28: Important ACA and employee benefit plan forms and fees are due in August (Tax Alert 2021-1430)
— Jul 26: Our US employment tax rates and limits publication is updated through July 15, 2021 (Tax Alert 2021-1413)
— Jul 29: Poland plans to simplify requirements for corporate income tax consolidation regime (Tax Alert 2021-1432)
— Jul 29: OECD releases sixth batch of Stage 2 peer review reports on dispute resolution (Tax Alert 2021-1431)
— Jul 27: Uruguayan tax authority extends due dates for certain taxpayers (Tax Alert 2021-1426)
— Jul 26: Colombia's Executive branch submits a new tax reform bill to Congress (Tax Alert 2021-1424)
— Jul 27: Japan and Switzerland sign Tax Convention Protocol (Tax Alert 2021-1423)
— Jul 27: Poland announces plans to introduce an investment agreement for strategic investors (Tax Alert 2021-1422)
— Jul 23: German Ministry of Finance issues new guidance on financing structures (Tax Alert 2021-1417)
— Jul 23: UK publishes draft legislation for Finance Bill 2022 (Tax Alert 2021-1404)
— Jul 29: Senate votes to begin debate on bipartisan infrastructure bill, 67-32 (Tax Alert 2021-1435)
— Jul 28: Wisconsin law cuts personal income taxes retroactive to January 1, 2021 (Tax Alert 2021-1428)
— Jul 22: Governor signs bill establishing elective pass-through entity tax in California (Tax Alert 2021-1407)
State and Local Tax Weekly
— Governor signs bill establishing elective pass-through entity tax in California. On July 16, 2021, Governor Gavin Newson signed 2021 California Assembly Bill 150 (2021 Cal. Stat. Ch. 82) (AB 150), establishing a new elective pass-through entity-level tax (PTE tax).
— Income/Franchise, Sales & Use, Business Incentives, Controversy, Payroll & Employment Tax, Miscellaneous Tax, Global Trade, Value Added Tax, Upcoming Webcasts
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.