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August 12, 2024
2024-1534

EY Podcast | Monthly ITS Washington Dispatch (July 2024)

EY’s monthly Washington Dispatch podcast summarizes recent developments in US international taxation. Highlights of this month's edition include:

  • US Congress begins August recess
  • US Supreme Court overrules Chevron deference to agency regulations
  • US appellate court rules NR’s gain from sale of its US partnership interest attributable to inventory is not US source income
  • IRS final Section 367(b) regs address certain cross-border triangular reorgs, inbound nonrecognition transactions
  • IRS officials offer update on CAMT, PTEP guidance
  • IRS and Medtronic file Eighth Circuit appellate briefs arguing for different transfer pricing methods
  • IRS official says corporations failing to respond to TP compliance letters referred for possible examination
  • G20 Finance Ministers, Central Bank Governors reiterate support for BEPS 2.0
  • Inclusive Framework on BEPS finalizing MLC to implement Pillar One Amount A, Amount B consensus near
  • OECD releases sixth edition of Corporate Tax Statistics publication, Draft User Guide for GloBE Info Return XML Schema

The podcast is available here.

Register for this monthly podcast on Apple Podcasts here.