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June 30, 2023
2023-1171

Washington Dispatch for June 2023

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:

US Congress

  • House Ways and Means Republicans release tax package
  • Congressional JCT provides revenue estimates for BEPS 2.0 Pillar Two

Treasury and IRS news

  • IRS waives addition to tax for a corporation’s failure to make estimated tax payments of its CAMT
  • IRS plans further IP guidance

Tax Treaties

  • US Senate approval of US-Chile tax treaty brings treaty closer to entry into force

OECD Developments

  • BEPS 2.0 Project enters critical stage
  • OECD releases 2023 update on peer review of preferential tax regimes

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Washington Dispatch for June 2023

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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