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August 6, 2021

Washington Dispatch for July 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:


  • White House, Senate negotiators reach agreement on $1.2 trillion infrastructure package

Digital news

  • OECD announces conceptual agreement in BEPS 2.0 project; endorsed by G20 Finance Ministers and Central Bank Governors

IRS news

  • Biden Administration expects increased IRS enforcement to generate more revenue
  • US, UK competent authorities sign agreements re treaty LOB provision
  • IRS memo addresses CSA and inclusion of stock-based compensation costs
  • Treasury official provides international tax regulatory update


Washington Dispatch for July 2021