April 27, 2023 U.S. Tax This Week for April 28 Ernst & Young's U.S. Tax This Week newsletter for the week ending April 28 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.
————————————————————————— QUEST Economic Update highlights key US and global economic trends - April 21, 2023 ————————————————————————— EY Tax.Tech™ Ecosystem series: Preparing for OECD Pillar Two global minimum tax calculations, provision and compliance requirements (May 4) International tax talk quarterly series with the EY Global Tax Desk Network (May 9) The current environment for R&D credit claims: A review of the latest guidance (May 17) ————————————————————————— Internal Revenue Service — Apr 26: IRS modifies 2014 guidance that said digital currency was not legal tender in any jurisdiction (Tax Alert 2023-0757) International — Apr 26: Luxembourg provides details on new draft transfer pricing provisions (Tax Alert 2023-0765) — Apr 26: Ghana's new laws introduce new taxes affecting individuals and businesses (Tax Alert 2023-0763) — Apr 25: Ghana: Tax treatment and the recognition of deferred tax on Expected Credit Losses (Tax Alert 2023-0761) — Apr 25: Chilean government introduces amendments to the Mining Royalty bill (Tax Alert 2023-0760) — Apr 24: Czech Republic's Chamber of Deputies approves significant amendments to existing immigration laws (Tax Alert 2023-0756) — Apr 21: Uruguay's Executive Branch raises income limit to apply for simplified regime for Personal Income Tax (Tax Alert 2023-0749) — Apr 20: Germany approves amendments to the Skilled Worker immigration regulations (Tax Alert 2023-0745) — Apr 20: Poland implements amendments to the Act on Foreigners (Tax Alert 2023-0743) — Apr 20: German Finance Ministry releases discussion draft on pending introduction of e-invoice (Tax Alert 2023-0741) — Apr 20: European Parliament approves EU Emission Trading System reform and new EU Carbon Border Adjustment Mechanism (Tax Alert 2023-0740) — Apr 20: Russian authorities require exiting foreign companies to pay 'contributions' at 5% or 10% of market value - implications for US multinationals (Tax Alert 2023-0738) Legislation — Apr 26: House narrowly passes GOP debt ceiling package, 217-215 (Tax Alert 2023-0768) — Apr 26: What to expect in Washington (April 26) (Tax Alert 2023-0764) — Apr 25: Special Edition | This Week in Health Policy, Spring Payment Rule Update and Other Recess Activity (Tax Alert 2023-0759) — Apr 24: What to expect in Washington (April 24) (Tax Alert 2023-0755) — Apr 20: Ways & Means holds Green Energy hearing as debt limit bill released (Tax Alert 2023-0739) — Apr 20: House Financial Services Committee questions SEC's Gensler on crypto, climate risk rule, brisk pace of rulemaking (Tax Alert 2023-0737) States — Apr 26: Utah lowers personal income tax rate retroactive to January 1, 2023 (Tax Alert 2023-0766) — Apr 24: Michigan Department of Treasury clarifies Detroit income tax liability for remote workers and employer withholding liability during the COVID-19 emergency and beyond (Tax Alert 2023-0758) ————————————————————————— State and Local Tax Weekly — Mississippi law brings clarity to the application of state sales and use tax to computer software, exempts software maintained on an out-of-state server On March 28, 2023, Mississippi Governor Tate Reeves signed into law SB 2449, which clearly establishes the application of sales and use tax to computer software and computer software services. — Income/Franchise, Sales & Use, Business Incentives, Property Tax, Controversy, Payroll & Employment Tax, Miscellaneous Tax, Unclaimed Property, Value Added Tax, Unclaimed Property ———————————————————————— Revenue Procedures
Notices
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. | ||||||||||