Tax News Update    Email this document    Print this document  

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.

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement