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March 8, 2024

Washington Dispatch for February 2024

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:

OECD developments

  • OECD releases final guidance on BEPS Pillar One Amount B on baseline distribution

IRS news

  • Finalization of proposed FX regulations expected by year end, two sets of proposed Section 367 regs in first half of 2024
  • US Senate approves IRS Chief Counsel nomination

Transfer pricing news

  • IRS sending out more letters regarding transfer pricing compliance

More OECD news

  • OECD releases 2024 update on peer reviews under BEPS Action 5 on harmful tax practices


Washington Dispatch for US distribution

Global Washington Dispatch for global distribution