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: Global mergers and acquisitions decrease in 2020, but 2021 is looking favorable for M&A (Tax Alert 2021-1421) — Jul 26: Our US employment tax rates and limits publication is updated through July 15, 2021 (Tax Alert 2021-1413) International — Jul 29: UK waives quarantine requirements for fully vaccinated individuals traveling to England from Europe and US effective August 2 (Tax Alert 2021-1437) — 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: German Ministry of Finance issues new Administrative Principles regarding transfer pricing (Tax Alert 2021-1415) — Jul 23: Greece issues updated guidance on application of tax residency and permanent establishment rules during COVID-19 outbreak (Tax Alert 2021-1414) — Jul 23: UK publishes draft legislation for Finance Bill 2022 (Tax Alert 2021-1404) Legislation — Jul 29: Senate votes to begin debate on bipartisan infrastructure bill, 67-32 (Tax Alert 2021-1435) — Jul 29: Senate Finance Committee holds retirement hearing (Tax Alert 2021-1434) — Jul 28: What to expect in Washington (July 28) (Tax Alert 2021-1427) States — Jul 28: Significant legislative changes made to Delaware's unclaimed property law; immediate action may be required for holders currently under audit (Tax Alert 2021-1429) — 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 ————————————————————————— Revenue Procedures
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. | |||||||