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
——————————————— ATTACHMENT Washington Dispatch for June 2023
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