February 9, 2024 2024-0374 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: Legislation - 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
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