July 1, 2022 2022-1029 Washington Dispatch for June 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: Legislation - Democrats fail to reach consensus on pared-down budget reconciliation package
- Treasury Secretary testifies in support of anti-inflationary measures, BEPS 2.0
Courts - US Supreme Court accepts FBAR filing case
IRS news - IRS to defer reporting for certain derivative payments in forthcoming BEAT regulations
OECD Developments - OECD officials offer update on BEPS 2.0 Pillars One and Two
- OECD releases public consultation documents on tax certainty under Amount A for Pillar One
——————————————— ATTACHMENT Washington Dispatch for June 2022
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