June 15, 2023 U.S. Tax This Week for June 15 Ernst & Young's U.S. Tax This Week newsletter for the week ending June 15 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.
————————————————————————— TradeFlash | June 2023 ————————————————————————— Accounting for income taxes: A quarterly perspective (June 20) Real estate workouts: Federal income tax considerations (June 22) State & local tax issues impacting the real estate industry (June 27) Finance and treasury: How to navigate the changing global tax landscape (June 28) ————————————————————————— International — Jun 15: Panama Tax Authority establishes procedure for closing commercial establishments that fail to comply with obligation to issue and/or keep invoices or receipts (Tax Alert 2023-1068) — Jun 15: Poland extends authorized period of stay for Ukrainian nationals (Tax Alert 2023-1067) — Jun 15: Lithuania announces new rules governing the issuance of National Visas (Tax Alert 2023-1066) — Jun 15: Denmark | Corrections to past VAT returns will incur interest from 1 July 2023 (Tax Alert 2023-1062) — Jun 14: Denmark proposes cultural levy on providers of on-demand streaming services (Tax Alert 2023-1060) — Jun 14: Canada's Department of Finance releases consultation paper on transfer pricing rules (Tax Alert 2023-1059) — Jun 14: Nigeria | Highlights of Finance Act 2023 (Tax Alert 2023-1056) — Jun 14: Ethiopia issues Excise Tax (Amendment) Proclamation, 2023 (Tax Alert 2023-1055) — Jun 13: Mexico offers tax incentives to taxpayers who perform productive economic activities in the States of Oaxaca and Veracruz (Tax Alert 2023-1053) — Jun 13: Global Tax Policy and Controversy Watch | June 2023 edition (Tax Alert 2023-1052) — Jun 13: Peruvian Supreme Court enacts a mandatory ruling regarding Certificates of Residence for Double Tax Treaty purposes (Tax Alert 2023-1051) — Jun 13: Slovenia announces new regulations regarding Single Permits and residence permits (Tax Alert 2023-1049) — Jun 13: Supreme Court of Canada applies GAAR in Deans Knight (Tax Alert 2023-1048) — Jun 13: Peruvian Tax Authority clarifies methodology for determining FMV of listed/unlisted shares in indirect disposal scenario (Tax Alert 2023-1047) — Jun 09: Thailand BOI announces new measure for companies impacted by global minimum tax under the BEPS 2.0 Pillar Two project (Tax Alert 2023-1037) — Jun 09: U.S.-Chile tax treaty advances toward ratification (Tax Alert 2023-1033) Legislation — Jun 15: Complex calculations - exploring the Corporate AMT (Tax Analysts) (Tax Alert 2023-1063) — Jun 14: What to expect in Washington (June 14) (Tax Alert 2023-1057) — Jun 13: Proposed legislation offers guidance on filing requirements under Affordable Care Act (Tax Alert 2023-1046) — Jun 12: House Ways & Means Committee releases three-bill economic package, sets markup for this week (Tax Alert 2023-1044) — Jun 09: Finance, Ways & Means Committee leaders introduce bill approving Taiwan trade agreement (Tax Alert 2023-1039) — Jun 09: House Ways and Means Committee releases three tax bills (Tax Alert 2023-1034) States — Jun 15: State law developments could impact tax-exempt organizations (Tax Alert 2023-1064) ————————————————————————— State and Local Tax Weekly — Tennessee enacts sweeping tax changes, including phase-in of single-sales factor apportionment. On May 11, 2023, Governor Bill Lee signed into law the Tennessee Works Tax Act (HB 323/SB 275), which implements tax relief provisions he proposed as part of his budget. — Income/Franchise, Sales & Use, Business Incentives, Property Tax, Compliance & Reporting, Controversy, Payroll & Employment Tax, Miscellaneous Tax, Upcoming Webcasts ITS/Washington Dispatch Legislation
IRS news
Tax treaties
OECD developments
————————————————————————— 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. | ||||