07 September 2023 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: - US Congress to take up appropriations bills, consider US-Taiwan tax relationship
- 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
- Russia suspends US-Russia, other tax treaties
- Progress reported on BEPS Amount A, Pillar One, further work on Pillar Two safe harbors
- Global minimum tax filing simplification possible, OECD official says
- UN releases final report on international tax cooperation
——————————————— ATTACHMENT Washington Dispatch for August 2023 Document ID: 2023-1487 |