Tax News Update    Email this document    Print this document  

November 4, 2022

Washington Dispatch for October 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:

Treasury and IRS news

  • Proposed FTC regs release expected soon, PTEP regs in first half of 2023
  • Treasury official says proposed crypto regs coming before year end

Transfer pricing news

  • IRS may be more selective on APAs given availability of ICAP in transfer pricing disputes
  • IRS to reconsider APA revenue procedure guidance

Tax treaty news

  • Treasury developing measures for future treaties to address new tax regimes, new US-Croatia treaty before year end

OECD developments

  • G20 Finance Ministers welcomed progress made on BEPS 2.0, called for swift implementation
  • OECD releases public consultation document on administration and tax certainty aspects of Amount A of Pillar One
  • OECD releases report on interaction of Tax Incentives and Pillar Two
  • OECD/G20 Inclusive Framework held 14th plenary meeting and published 6th annual progress report


Washington Dispatch for October 2022