August 6, 2021 2021-1477 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: Legislation - 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
——————————————— ATTACHMENT Washington Dispatch for July 2021
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