10 January 2025

EY Podcast | Weekly US international cross-border taxation news for week ending 10 January 2025

  • President-elect Trump open to two budget reconciliation bills, prefers one
  • House W&M Committee leaders introduce Taiwan tax bill
  • IRS issues comprehensive package on classification, sourcing of digital content and cloud transactions
  • IRS releases final regulations on DPLs, extending BEPS Pillar 2 transition relief for DCLs
  • Final rules released on certain partnership related-party basis shifting transactions
  • IRS CCA addresses transaction reducing future GILTI inclusion

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Document ID: 2025-0202