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June 30, 2023

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


Washington Dispatch for June 2023