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May 13, 2024

Americas Tax Roundup | 13 May 2024


A weekly summary of the top weekly tax news, trends
and developments in the Americas


     This week's tax news from the Americas

  • Canada's 2024 budget implementation bill no. 1 introduced in House of Commons
    On 2 May 2024, Bill C-69, Budget Implementation Act, 2024, No. 1, received its first reading in Canada’s House of Commons. Bill C-69 implements the measures contained in the detailed notice of ways and means motion that was tabled on 30 April 2024, including certain tax measures announced in the 2024 federal budget and the 2023 federal fall economic statement, as well as various other tax measures (such as the implementation of Canada's Global Minimum Tax Act ) that were released in draft legislation on 20 December 2023 and 4 August 2023.
  • Washington Dispatch for April 2024
    The latest edition of EY's Washington Dispatch is available. The monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include: (i) US tax policy battle lines are being drawn; House tax writers form 10 TCJA “tax teams”; (ii) US progress on global minimum tax will positively affect ongoing R&D talks, JCT updating BEPS Pillar Two analysis; (iii) APA report for 2023 shows number of APAs executed more than doubled; and (iv) OECD BEPS 2.0 update.
  • Global Tax Policy and Controversy Watch | May 2024 edition
    EY’s publication, Global Tax Policy and Controversy Watch, highlights recent policy and administrative developments around the world. This month’s publication highlights (i) Poland publishes draft Pillar Two legislation, with option to apply retroactively from 1 January 2024; (ii) EU Public Country-by-Country Reporting Developments Tracker now available; and (iii) EY Green Tax Tracker updated.
  • PE Watch | Latest developments and trends, May 2024
    The latest edition of the PE Watch is available. Highlights of this edition include (i) French Court rules against deducting foreign permanent establishment (PE) losses; (ii) Saudi Arabia issues guidelines for Regional Headquarters Tax rules; and (iii) Uganda introduces provisions on PEs.

     This week's newsletters


     This week's tax treaty news from the Americas

  • United States and Taiwan: round of negotiations for the next agreement under the 21st-Century Trade Initiative held

     Upcoming EY webcasts

    Recently archived webcasts

A calendar of all upcoming EY webcasts is available.


     Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.


      This week's EY Global Tax Alerts

     Americas Tax Alerts

     Other Global Tax Alerts

     Indirect Tax Alerts

     Human Capital Alerts


      This week's EY Industry publications

     Mining and Metals


     Private Equity

     Oil and Gas

      This week's EY Services publications

     Transaction Advisory Services



Additional resources

EY Global Tax News Update
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EY Guides available for download
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About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnel.