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October 20, 2024
2024-1926

EY Podcast | Weekly US international cross-border taxation news for week ending 18 October 2024

  • Congress out of session until mid-November despite calls to reconvene and pass necessary funding measures
  • Upcoming election too close to predict for both presidential and congressional races
  • 2024 Annual Meetings of the IMF and World Bank Group to take place in Washington next week
  • IRS releases AM 2024-002 addressing application of IRC Section 246(b) limitation to deductions under IRC Sections 243, 245 and 250
  • Italy and France propose changes to their digital services taxes, potentially increasing tax burdens on technology companies

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