December 15, 2022 U.S. Tax This Week for December 16 Ernst & Young's U.S. Tax This Week newsletter for the week ending December 16 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.
————————————————————————— Who pays the tax: Carbon pricing by sector and country under alternative climate scenarios TTC/EY Business Tax Policy Barometer (November 2022) ————————————————————————— BEPS 2.0: New OECD releases and ongoing implementation activity (January 12) ————————————————————————— Internal Revenue Service — Dec 14: IRS permanently extends Affordable Care Act reporting deadline 30 days and eliminates good faith relief (Tax Alert 2022-1881) — Dec 12: Congressional report on college coaches' compensation evidences continued scrutiny of tax-exempt organizations and importance of diligent documentation (Tax Alert 2022-1857) International — Dec 14: Global Tax Policy and Controversy Watch | December 2022 edition (Tax Alert 2022-1880) — Dec 14: EY TradeWatch | Issue 3, 2022 (Tax Alert 2022-1878) — Dec 14: FinCEN continues to extend certain signature authority reporting (FBAR, Form 114) (Tax Alert 2022-1877) — Dec 14: European Parliament and European Council reach provisional agreement on EU Carbon Border Adjustment Mechanism (Tax Alert 2022-1872) — Dec 13: Hong Kong issues trade consultation paper proposing enhancements to aircraft leasing tax concession regime (Tax Alert 2022-1871) — Dec 13: Hong Kong and Mauritius sign comprehensive double taxation arrangement (Tax Alert 2022-1870) — Dec 13: Managing your personal taxes 2022-23 | A Canadian perspective (Tax Alert 2022-1869) — Dec 13: Ireland's immigration authorities announce travel, work and residence exemptions for non-EEA nationals holding expired Irish Residence Permits (Tax Alert 2022-1868) — Dec 12: EU says member states reach agreement on Pillar Two minimum tax directive (Tax Alert 2022-1865) — Dec 13: UAE Ministry of Finance releases Corporate Tax Law (Tax Alert 2022-1861) — Dec 12: Belgium implements new corporate income tax rules starting 1 January 2023 (Tax Alert 2022-1860) — Dec 09: Colombia's Tax Reform includes key provisions on individual taxation (Tax Alert 2022-1854) — Dec 09: EU publishes Directive proposal on tax transparency rules for crypto-assets (Tax Alert 2022-1852) — Dec 09: European Commission publishes proposals for VAT in the Digital Age (Tax Alert 2022-1848) — Dec 09: UAE Ministry of Finance releases Corporate Tax Law (Tax Alert 2022-1847) — Dec 09: PE Watch | Latest developments and trends, December 2022 (Tax Alert 2022-1843) — Dec 08: Italy releases initial draft of 2023 Budget Law (Tax Alert 2022-1842) — Dec 08: UK Border Force strike announced from December 23 to 31 (Tax Alert 2022-1840) — Dec 08: Brazil and United Kingdom sign comprehensive double tax treaty (Tax Alert 2022-1839) — Dec 08: Switzerland's Service Mobility Agreement with UK extended until December 31, 2025 (Tax Alert 2022-1836) — Dec 08: OECD releases corporate tax statistics and the 2022 revenue statistics and consumption tax trends (Tax Alert 2022-1831) — Dec 08: Kenya Court of Appeal upholds decision of the High Court of Kenya and declares minimum tax unconstitutional (Tax Alert 2022-1830) Legislation — Dec 14: What to expect in Washington (December 14) (Tax Alert 2022-1876) — Dec 08: CMS issues "Advancing Interoperability and Improving Prior Authorization Processes" proposed rule (Tax Alert 2022-1838) States — Dec 13: Pennsylvania law gives retroactive SUI tax relief to employers whose operations were temporarily shut down due to COVID-19 and adds flexibility to the state's Shared Work program (Tax Alert 2022-1874) — Dec 12: EY resources are now available to assist you with your payroll year-end activities (Tax Alert 2022-1862) ————————————————————————— ITS/Washington Dispatch Treasury and IRS news
Tax treaty news
Transfer pricing
OECD developments
————————————————————————— Final Regulations
Proposed Regulations
Revenue Procedures
Internal Revenue Bulletin
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. | ||||||||||||||||||||||