Tax News Update    Email this document    Print this document  

March 4, 2022
2022-0368

Washington Dispatch for February 2022

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:

BEPS 2.0

  • G20 confirms BEPS 2.0 ambitious timeline; Republican Senators voice concerns

Treasury and IRS news

  • IRS releases FAQs on Schedules K-2 and K-3 transition relief
  • Treasury official briefs Senators on future cryptocurrency reporting regulations

OECD developments

  • OECD releases Pillar One public consultation document on draft nexus and revenue sourcing rules
  • OECD releases Pillar One public consultation document on draft rules for tax base determinations

———————————————
ATTACHMENT

Washington Dispatch for February 2022

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement