April 24, 2022 U.S. Tax This Week for April 22 Ernst & Young's U.S. Tax This Week newsletter for the week ending April 22 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.
————————————————————————— Leverage data and AI to enable Finance and Tax to pioneer transformation throughout the organization (April 28) Tax in the time of COVID-19: Update on legislative, economic, regulatory and IRS developments (April 29) Work reimagined: How to prepare for ‘renaissance and recommitment’ (May 17) ————————————————————————— Internal Revenue Service — Apr 20: Tax M&A Update for March 2022 (Tax Alert 2022-0654) International — Apr 21: Mauritius amends income tax regulations regarding 80% income exemption for investment dealers and defining specialized software and systems (Tax Alert 2022-0657) — Apr 21: Government of Canada to repeal the 'Certain Goods Remission Order' (COVID-19) (Tax Alert 2022-0655) — Apr 20: Turkey enacts new tax law (Tax Alert 2022-0653) — Apr 20: OECD releases ninth batch of Stage 2 peer review reports on dispute resolution (Tax Alert 2022-0650) — Apr 20: UK Tax Authority issues further guidance on UK Plastic Packaging Tax (Tax Alert 2022-0649) — Apr 20: Turkey increases special consumption tax base for portable radiotelephone devices (Tax Alert 2022-0645) — Apr 20: The Latest on BEPS and Beyond for April 2022 (Tax Alert 2022-0644) — Apr 18: Peru's President amends VAT Law and Tax Code (Tax Alert 2022-0635) — Apr 18: Argentina relaxes COVID-19-related entry requirements (Tax Alert 2022-0634) — Apr 18: Costa Rica's Ministry of Economy, Industry and Commerce imposes additional ad valorem duty on sugar imports from Colombia (Tax Alert 2022-0633) Legislation — Apr 20: Wyden-Portman proposal would disallow foreign tax credits and other US tax benefits connected with operations in Russia or Belarus (Tax Alert 2022-0652) — Apr 19: CMS issues FY 2023 proposed medicare inpatient payment rule (Tax Alert 2022-0642) States — Apr 20: Illinois employers can now take advantage of the workshare program; state unemployment insurance tax rates increase for 2022 (Tax Alert 2022-0651) — Apr 19: Illinois law requires large employers to report certain payroll information as part of the state's Equal Pay Act registration process (Tax Alert 2022-0643) — Apr 18: West Virginia law relaxes restriction on employer use of payroll card accounts for the payment of wages (Tax Alert 2022-0638) — Apr 18: Minnesota legislative houses release separate omnibus tax bills with differing visions for tax relief (Tax Alert 2022-0636) — Apr 15: Wisconsin updates audit rules for pass-through entities (Tax Alert 2022-0630) ————————————————————————— State and Local Tax Weekly — Texas Supreme Court clarifies that "origin-based" system applies to sourcing gross receipts from the sale of services for Texas apportionment purposes. In Sirius XM Radio, Inc. v. Hegar, the Supreme Court of Texas (Texas Supreme Court) ruled in favor of the taxpayer, holding that gross receipts from the sale of services should be sourced based on an "origin-based" system. — Income/Franchise, Sales & Use, Business Incentives, Property Tax, Controversy, Compliance & Reporting, Payroll & Employment Tax, Miscellaneous Tax, Global Trade, Upcoming Webcasts ————————————————————————— Revenue Procedures
Revenue Rulings
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. | |||||||||||||