February 16, 2023 U.S. Tax This Week for February 17 Ernst & Young's U.S. Tax This Week newsletter for the week ending February 17 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.
————————————————————————— Asean Mobility Spotlight (January 2023) ————————————————————————— Corporate alternative minimum tax: what the latest interim guidance could mean for companies (February 28) Domestic tax quarterly webcast series: A focus on state tax matters (March 1) Are you Pillar Two-ready? | Banking and Capital Markets: Current industry insights (March 8) Pillar Two administrative guidance and safe harbors: implications for US multinationals (March 9) ————————————————————————— Courts — Feb 10: Tax Court approves agreement by Eaton Corporation and the IRS resolving APA cancellation case (Tax Alert 2023-0255) Internal Revenue Service — Feb 10: IRS rules that REIT's right to receive state brownfield tax credits is qualifying asset resulting in qualifying income (Tax Alert 2023-0265) — Feb 10: One-time cash grant from dissolving tax-exempt hospital to public charity constitutes an 'unusual grant' (Tax Alert 2023-0264) International — Feb 15: Turkey reduces withholding tax to 0% on share-buy-back transactions (Tax Alert 2023-0286) — Feb 15: Global Tax Policy and Controversy Watch | February 2023 edition (Tax Alert 2023-0284) — Feb 15: Costa Rica is added to EU list of non-cooperative jurisdictions (Annex I) for the first time (Tax Alert 2023-0283) — Feb 15: ECOFIN adopts revised list of non-cooperative jurisdictions for tax purposes (Tax Alert 2023-0281) — Feb 14: Uruguayan Tax Authority publishes adjustments in interest taxation under Double Tax Treaty between Chile and Uruguay (Tax Alert 2023-0280) — Feb 14: Qatar enacts amendments to Income Tax Law (Tax Alert 2023-0278) — Feb 14: Botswana's Government presents 2023 Budget to Parliament (Tax Alert 2023-0277) — Feb 13: Kenya High Court dismisses petitions challenging imposition of VAT on exported services (Tax Alert 2023-0271) — Feb 13: Germany implements new UBO reporting obligations for foreign entities with direct or indirect ownership in German real estate (Tax Alert 2023-0270) — Feb 13: Uganda mandates all companies to file beneficial owner's information (Tax Alert 2023-0269) — Feb 10: Japan submits draft legislation to implement IIR to align with OECD BEPS 2.0 Pillar Two (Tax Alert 2023-0263) — Feb 10: OECD/G20 Inclusive Framework releases Administrative Guidance under Pillar Two GloBE Rules: Detailed Review (Tax Alert 2023-0256) — Feb 10: Kenya proposes amendments to Excise Duty Regulations (Tax Alert 2023-0253) Legislation — Feb 15: Senate Finance holds Werfel IRS Commissioner hearing (Tax Alert 2023-0287) — Feb 15: What to expect in Washington (February 15) (Tax Alert 2023-0282) States — Feb 14: Puerto Rico's Treasury Department issues guidance on making estimated tax payments for companies that elected to be taxed under the new regime provided under Act 52-2022 (Tax Alert 2023-0279) — Feb 13: Oregon 2023 Workers' Benefit Fund assessment is unchanged from 2022 (Tax Alert 2023-0272) ————————————————————————— 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. | |||||||||||||