Tax News Update    Email this document    Print this document  

February 9, 2024

Washington Dispatch for January 2024

The latest edition of EY'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:


  • House passes tax package, Senate action uncertain
  • Congress approves CR to fund government until early March

IRS news

  • IRS signals new Section 367(d) guidance in 2024 on repatriation of intangible property
  • US officials provide regulatory update
  • IRS announces cryptocurrency transactions not required to be reported until regulations issued
  • User fee for APAs increases effective 2 February 2024

OECD developments

  • US official offers BEPS Pillar One insights
  • OECD releases updated estimates of the economic impact of Pillar Two


Washington Dispatch for US distribution

Global Washington Dispatch for global distribution