A weekly summary of the top weekly tax news, trends
and developments in the Americas

     This week's tax news from the Americas

• Canada | Update on clean technology and clean hydrogen investment tax credits
  Canada’s Department of Finance recently released for public comment draft legislative proposals on the clean technology investment tax credit (ITC) and the clean hydrogen ITC. The clean technology ITC rules and clean hydrogen ITC rules were enacted in June 2024, as part of Bill C-59, Fall Economic Statement Implementation Act, 2023, and Bill C-69, Budget Implementation Act, 2024, No. 1, respectively. The draft legislative proposals include the expansion of the clean technology ITC to include certain equipment that is part of a system that generates electricity or heat (or both) from waste biomass, as first announced in the 2023 Fall Economic Statement. The draft legislative proposals also include various technical amendments to clarify and expand the clean hydrogen ITC.

     This week's newsletters

• Report on recent US international tax developments - 15 November 2024
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• EY Global Tax Controversy Flash Newsletter - 11 November 2024
  EY's monthly publication with recent developments in Tax Controversy news.

• Global Tax Policy and Controversy Watch | November 2024 edition
  EY's monthly report with highlights of the latest Global Tax Controversy developments.

• PE Watch | Latest developments and trends - November 2024
  EY's monthly report with brief summaries of the latest permanent establishment activity and trends.

• Tax Matters @ EY - November 2024
  TaxMatters@EY is a monthly Canadian summary to help you get up to date on recent tax news, case developments, publications and more.

     Upcoming EY webcasts

• 11 December: How can finance deliver reporting to shape the future with confidence?
• 17 December: Accounting for income taxes: A quarterly perspective

     Post-election webcasts

• 18 November: Global economic outlook: post-election macro and geopolitical trends
• 19 November: How the US elections will shape manufacturing and energy

A calendar of all upcoming EY webcasts is available.

     Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 15 November 2024
• EY talks tax | 2024 US election impacts on state and local tax policy - 7 November 2024
• EY talks tax | The future of AI in tax: Insights and practical implications for the tax function - 29 October 2024

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

 
     This week's EY Global Tax Alerts

     Africa

• Kenya introduces new Digital Nomad Visa

     Asia

• Philippines imposes VAT on digital transactions

     Europe

• Finland submits proposal to introduce heightened requirements for employers and certain third-country nationals
• Lithuania announces stricter conditions for individuals applying for temporary residence permits or national visas through external service providers
• Poland releases draft amendments to e-invoicing rules
• Schengen Area border controls for November 2024 discussed
• Swiss labor market to fully open for Croatian nationals in 2025

Additional resources

Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com.

About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnel.