September 7, 2023 2023-1487 Washington Dispatch for August 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: Legislation - US Congress to take up appropriations bills, consider US-Taiwan tax relationship
IRS news - IRS proposes updating regulations on consolidated returns, discarding unnecessary guidance
- IRS issues proposed regs on broker reporting requirements for digital asset sales and exchanges
- Cryptocurrency stakers must include rewards in gross income upon gaining control
Tax treaties - Russia suspends US-Russia, other tax treaties
OECD developments - Progress reported on BEPS Amount A, Pillar One, further work on Pillar Two safe harbors
- Global minimum tax filing simplification possible, OECD official says
United Nations - UN releases final report on international tax cooperation
——————————————— ATTACHMENT Washington Dispatch for August 2023
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