December 8, 2023 U.S. Tax This Week for December 8 Ernst & Young's U.S. Tax This Week newsletter for the week ending December 8 is now available. Prepared by Ernst & Young's National Tax Department in Washington, D.C., this weekly update summarizes important news, cases, and other developments in U.S. taxation.
————————————————————————— Accounting for income taxes: A quarterly perspective (December 12) Spotlight on BEPS 2.0: Developments and practical implications for US MNEs (December 13) Tax in a time of transition: Legislative, economic, regulatory and IRS developments (December 15) ————————————————————————— Courts — Dec 07: Tax Court addresses limited partner exception for purposes of self-employment tax (Tax Alert 2023-2013) Internal Revenue Service — Dec 06: IRS revises process for requesting tax-exempt organization documents (Tax Alert 2023-2009) — Dec 04: IRS rules that restructuring will not result in credit recapture (Tax Alert 2023-1998) International — Dec 08: Brazil announces new online visa application system for nationals of Australia, Canada and the US (Tax Alert 2023-2021) — Dec 08: EU Council proposes simpler residence requirement for long-term resident status applicants (Tax Alert 2023-2022) — Dec 08: New Zealand Government reinstates bill introducing Pillar Two rules, following General Election (Tax Alert 2023-2019) — Dec 08: Canadian government releases proposed changes for applying GST/HST to joint ventures (Tax Alert 2023-2017) — Dec 07: Denmark passes Pillar Two (Tax Alert 2023-2014) — Dec 07: Canada's significant changes to alternative minimum tax will affect taxpayers in 2024 (Tax Alert 2023-2012) — Dec 06: Ecuadorian President proposes new tax bill, expected to be effective by year-end (Tax Alert 2023-2008) — Dec 07: Hong Kong introduces bill to enhance aircraft leasing preferential tax regime (Tax Alert 2023-2006) — Dec 06: UK announces five-point plan to curb abuse of the immigration system (Tax Alert 2023-2004) — Dec 05: Switzerland publishes updated vacancy reporting requirement for employers (Tax Alert 2023-2003) — Dec 05: Canadian Bill C-59 to implement Budget 2023 and other measures receives first reading (Tax Alert 2023-2002) — Dec 04: Colombia issues regulations on Significant Economic Presence (Tax Alert 2023-1997) — Dec 05: Expired Portuguese permits and visas automatically extended until 30 June 2024 (Tax Alert 2023-1995) — Dec 05: Sweden's certification process for expedited processing of work permit applications to end on 15 December 2023 (Tax Alert 2023-1994) — Dec 01: Switzerland to retain work permit quotas for EEA, UK and third-country nationals in 2024 (Tax Alert 2023-1983) — Dec 01: China implements new visa-free policy for nationals of France, Germany, Italy, Malaysia, the Netherlands and Spain (Tax Alert 2023-1982) — Dec 01: Turkiye removes right to deduct import VAT calculated due to certain trade policy measures (Tax Alert 2023-1979) — Dec 01: Finland closes last crossing point on land border with Russia (Tax Alert 2023-1977) — Dec 01: Canada's new reporting rules for digital platform operators take effect 1 January 2024 (Tax Alert 2023-1975) — Dec 01: European Commission announces €4b funding call under the EU Innovation Fund for net-zero tech innovation projects (Tax Alert 2023-1973) Legislation — Dec 06: What to expect in Washington (December 6) (Tax Alert 2023-2007) States — Dec 07: Ohio Board of Tax Appeals denies CAT agency exclusion absent written contract authorizing company to act as agent (Tax Alert 2023-2020) — Dec 06: Colorado announces new definition of taxable wages for paid family and medical leave insurance (Tax Alert 2023-2005) — Dec 04: Minnesota Supreme Court rules gain on sale of goodwill is apportionable business income (Tax Alert 2023-2000) ————————————————————————— Proposed Regulations
Revenue Procedures
Notices
Internal Revenue Bulletin
Because the matters covered herein are complicated, U.S. Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor. | ||||||||||||||||||||||
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