07 June 2024 EY Podcast | Monthly ITS Washington Dispatch (May 2024) EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include: - US House Republicans prepare for TCJA ‘cliffs’
- White House official previews President Biden’s tax policy for second term
- US House Ways and Means Chairman, Treasury Secretary spar over TCJA, BEPS 2.0
- US will not sign BEPS Pillar One MLC without India, China TP resolution
- IRS extends transitional relief under IRC Section 871(m) for treatment of dividend equivalents
- IRS to defer applicability date re: IRC Sections 59A and 6038A regs for qualified derivative payments
- New procedures for IRC Section 355 transaction PLRs released
- CAMT regs in advanced stage -- Final crypto reporting rules coming in 2024
- IRS proposed regulations on foreign trusts and large foreign gifts released
- More OECD BEPS 2.0 GloBE guidance coming
- BEPS Pillar One MLC on track for signature in June
The Podcast is available here. Register for this monthly podcast on Apple Podcasts here. Document ID: 2024-1156 |