March 28, 2024 EY publication highlights accounting implications of 2024 Q1 income tax developments The Quarterly tax developments publication for the quarter ended March 31 is attached below. Prepared by Ernst & Young LLP's Tax Accounting group, this publication provides a quarterly overview of enacted tax legislation, as well as regulatory developments and other items through March 17, 2024, except as noted. Highlights of this edition include: — Tax legislation enacted this quarter — Tax legislation and treaties effective this quarter — Other developments to consider for the quarter — Things we have our eyes on — An update on the enactment status of Pillar Two legislation in various countries — A Technical Line on accounting considerations for the global minimum tax under the Pillar Two GloBE model rules — — — — — — — — — — — — — — — RELATED RESOURCES — For more information about EY's Tax Accounting services, visit us at www.ey.com/US/TaxAccounting — For more information about EY's Tax Accounting University education program for clients, visit us at www.ey.com/TAU
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