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June 7, 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.