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
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