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March 28, 2024
2024-0698

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

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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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Attachment

Quarterly Tax Accounting Developments for Q1 2024

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Contact Information

For additional information concerning this Alert, please contact:

Tax Accounting and Risk Advisory Services

Published by NTD’s Tax Technical Knowledge Services group; Maureen Sanelli, legal editor