03 January 2025

EY Podcast | Weekly US international cross-border taxation news for week ending 3 January 2025

  • US House and Senate return to Washington, House retains Johnson as Speaker
  • Congressional Republicans lack unanimity on path forward for budget reconciliation
  • IRS releases technical corrections to CAMT regulations
  • IRS issues final consolidated return regulations
  • Cryptocurrency guidance released
  • IRS will apply economic substance doctrine to transfer pricing cases
  • UN General Assembly approves resolution on terms for UN Framework Convention on International Tax Cooperation

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Document ID: 2025-0126