Podcasts by Ernst

EY ITTS Washington Dispatch, November 2023 from 2023-12-11T16:26

A monthly review of US international tax-related developments. In this edition:

US Congress approves new CR, complicates options for year-end tax bill – House Ways and Means Committee cle...

EY ITTS Washington Dispatch, October 2023 from 2023-11-09T14:34

A monthly review of US international tax-related developments. In this edition:

OECD releases text of Amount A Pillar One MLC, US Treasury announces consultation – OECD/G20 ...

EY ITTS Washington Dispatch, September 2023 from 2023-10-06T18:20

A monthly review of US international tax-related developments. In this edition:

US Senate Finance Committee approves US-Taiwan...

EY ITTS Washington Dispatch, August 2023 from 2023-09-08T20:18

A monthly review of US international tax-related developments. In this edition:

US Congress to take up appropriations bills, consider US-Taiwan tax relationship – IRS proposes updating co...

EY ITTS Washington Dispatch, July 2023 from 2023-08-07T12:29

A monthly review of US international tax-related developments. In this edition:

US Congressional Republicans criticize BEPS 2.0 project – US Senate moves on US-Taiwan tax relations – Cong...

EY ITTS Washington Dispatch, June 2023 from 2023-06-30T12:58

A monthly review of US international tax-related developments. In this edition:

US House Ways and Means Republicans release tax package – Congressional JCT provides revenue estimates for ...

EY ITTS Washington Dispatch, May 2023 from 2023-06-12T19:26

A monthly review of US international tax-related developments. In this edition:

US Congress passes debt ceiling bill, averts possible default – House Ways & Means Republicans introduce ta...

EY ITTS Washington Dispatch, April 2023 from 2023-05-10T20:24

A monthly review of US international tax-related developments. In this edition:

US House Republicans pass debt ceiling, spending bill; impasse continues – IRS provides transition period f...

EY ITTS Washington Dispatch, March 2023 from 2023-04-07T19:20

A monthly review of US international tax-related developments. In this edition:

President Biden releases FY’24 Budget with major international policy proposals – US Treasury official says...

EY ITTS Washington Dispatch, February 2023 from 2023-03-07T20:53

A monthly review of US international tax-related developments. In this edition:

President Biden delivers State of the Union address, proposes fourfold increase in stock ...

EY ITTS Washington Dispatch, January 2023 from 2023-02-08T21:05:57

A monthly review of US international tax-related developments. In this edition:

Kevin McCarthy new US House Speak...

EY ITTS Washington Dispatch, December 2022 from 2023-01-11T23:12:47

A monthly review of US international tax-related developments. In this edition:

US, Croatia sign income tax treaty – IRS issues interim guidance on CAMT – IRS releases guidance on new sto...

EY ITTS Washington Dispatch, November 2022 from 2022-12-12T23:34:45

A monthly review of US international tax-related developments. In this edition:

IRS proposed FTC regulations offer relief from cost recovery and source-based attribution rules, other key ...

EY ITTS Washington Dispatch, October 2022 from 2022-11-04T22:20:56

A monthly review of US international tax-related developments. In this edition:

Proposed US FTC regs release expected soon, PTEP regs in first half of 2023 – US Treasury official says pro...

EY ITTS Washington Dispatch, September 2022 from 2022-10-07T23:11:21

A monthly review of US international tax-related developments. In this edition:

US tax treaty negotiations with Israel, Switzerland set to start, pending treaties require TCJA updates – I...

EY ITTS Washington Dispatch, August 2022 from 2022-09-01T22:19:52

monthly review of US international tax-related developments. In this edition:

President Biden signs Inflation Reduction Act with 15% corporate minimum tax – Inflation Reduction Act includ...

EY ITTS Washington Dispatch, July 2022 from 2022-08-05T19:00:06

monthly review of US international tax-related developments. In this edition:

US Senate Majority Leader, Sen. Manchin reach agreement on $740b budget reconciliation bill with 15% corporat...

EY ITTS Washington Dispatch, June 2022 from 2022-07-01T11:43:36

monthly review of US international tax-related developments. In this edition:

Democrats fail to reach consensus on pared-down budget reconciliation package – Treasury Secretary testifies ...

EY ITTS Washington Dispatch, May 2022 from 2022-06-07T18:53:55

monthly review of US international tax-related developments. In this edition:

US budget reconciliation remains stalled, but some behind-the-scenes talks – Senators introduce Support Ukrai...

EY ITTS Washington Dispatch, April 2022 from 2022-05-10T14:54:23

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

US Congress returns amid speculation over limited bud...

EY ITTS Washington Dispatch, March 2022 from 2022-04-13T20:16:58

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

Biden Administration releases FY2023 Budget with new ...

EY ITTS Washington Dispatch, February 2022 from 2022-03-04T20:40:02

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

US Senate Democrats backburner Build Back Better, loo...

EY ITTS Washington Dispatch, January 2022 from 2022-02-04T22:43:44

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

Biden Administration looks to scaled-back Build Back ...

EY ITTS Washington Dispatch, December 2021 from 2022-01-11T21:57:19

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

Biden Administration’s Build Back Better legislation ...

EY ITTS Washington Dispatch, November 2021 from 2021-12-08T14:23:57

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

US House passes Build Back Better Act budget reconcil...

EY ITTS Washington Dispatch, October 2021 from 2021-11-09T22:59:34

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:

President Biden releases pared down budget reconcilia...

EY ITTS Washington Dispatch, September 2021 from 2021-10-09T00:55:22

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition:  Listen

EY ITTS Washington Dispatch, August 2021 from 2021-09-02T23:23:33

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US infrastructure legislation, FY 2022 budget resolution mov...

EY ITTS Washington Dispatch, July 2021 from 2021-08-06T22:49:08

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: White House, Senate negotiators reach agreement on $1.2 tril...

EY ITTS Washington Dispatch, June 2021 from 2021-07-02T14:08:52

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: Bipartisan infrastructure deal reached, but road to passage ...

EY ITTS Washington Dispatch, May 2021 from 2021-06-09T23:46:27

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Treasury ‘Green Book’ offers new details on international...

EY ITTS Washington Dispatch, April 2021 from 2021-05-12T01:03:55

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Treasury releases President’s plan to overhaul corporate ...

EY ITS Washington Dispatch, March 2021 from 2021-04-07T17:29:08

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: President Biden lays out $2 trillion + infrastructure plan to...

EY ITS Washington Dispatch, February 2021 from 2021-03-05T19:51:41

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: Congress poised to enact $1.9t COVID relief bill with repeal ...

EY ITS Washington Dispatch, January 2021 from 2021-02-05T21:08:33

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Treasury Secretary says no new taxes for now, commits to O...

ITS Washington Dispatch, January 2017 from 2021-01-31T22:10:42.023393

Republican control of Congress, White House sets stage for US tax reform – IRS regulations deny nonrecognition to contributions of appreciated property by US persons to certain partnerships with re...

EY ITS Washington Dispatch, December 2020 from 2021-01-08T19:31:54

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Congress passes coronavirus stimulus and omnibus spending ...

EY ITS Washington Dispatch, November 2020 from 2020-12-08T23:40:30

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: Major policy changes expected following US November election ...

EY ITS Washington Dispatch, October 2020 from 2020-11-06T14:13:11

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: OECD releases BEPS 2.0 Pillar 1 and Pillar 2 blueprints, invi...

EY ITS Washington Dispatch, September 2020 from 2020-10-07T17:48:41

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: Final BEAT regulations adopt proposed BEAT guidance with some...

EY ITS Washington Dispatch, August 2020 from 2020-09-03T21:10:10

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: IRS finalizes Section 245A DRD anti-abuse regulations with fe...

EY ITS Washington Dispatch, July 2020 from 2020-08-13T15:10:02

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: IRS issues final and proposed interest expense limitation reg...

EY ITS Washington Dispatch, June 2020 from 2020-07-07T21:46:46

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Supreme Court declines to hear Altera case – US T...

EY ITS Washington Dispatch, May 2020 from 2020-06-04T16:31:28

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: Congress considers further action to address coronavirus pand...

EY ITS Washington Dispatch, April 2020 from 2020-05-08T21:36:59

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: President Trump signs interim coronavirus relief measure; att...

EY ITS Washington Dispatch, March 2020 from 2020-04-09T22:56:37

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US CARES Act stimulus package to address COVID-19 has interna...

EY ITS Washington Dispatch, February 2020 from 2020-03-03T23:01:36

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Treasury Secretary confirms DST deal with France – All maj...

EY ITS Washington Dispatch, January 2020 from 2020-02-05T22:20:23

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US officials offer new insights for coming international tax ...

EY ITS Washington Dispatch, December 2019 from 2020-01-10T15:53:21

In this edition: US releases USTR findings re France’s DST – US issues final and proposed BEAT regulations – IRS issues final and proposed FTC regulations – IRS issues final W/H and reporting re...

EY ITS Washington Dispatch, November 2019 from 2019-12-10T00:14:24

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: OECD issues consultation document on technical design of Pill...

EY ITS Washington Dispatch, October 2019 from 2019-11-06T21:24:20

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: OECD releases BEPS 2.0 Pillar One ‘unified approach’ – Treasu...

EY ITS Washington Dispatch, September 2019 from 2019-10-07T22:05:14

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Treasury announces entry-into-force for protocols with Jap...

EY ITS Washington Dispatch, August 2019 from 2019-09-05T18:49:33

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: IRS issues proposed rules on cloud-based, other digital trans...

EY ITS Washington Dispatch, July 2019 from 2019-08-07T22:42:50

US Senate approves amending tax protocols with Luxembourg, Switzerland, Japan and Spain – US considers retaliation against France’s new DST – IRS issues proposed PFIC regulations – IRS releases ...

EY ITS Washington Dispatch, June 2019 from 2019-07-01T19:21:57

Temporary and proposed DRD regulations reflect GILTI-centric view of TCJA’s international tax rules – US government issues final and proposed GILTI and subpart F regulations – IRS issues propose...

EY ITS Washington Dispatch, May 2019 from 2019-06-11T20:14:36

IRS releases final Section 956 regulations, generally follow proposed rules with two major modifications – IRS finalizes certain temporary FX regulations – IRS proposed regulations under Section...

EY ITS Washington Dispatch, April 2019 from 2019-05-03T20:44:28

US Congressional tax writers concerned over unilateral digital taxation proposals – IRS publishes revised 2019 Tax Treaty Table 1 – No delay in Section 965 final regulations effective date – IRS...

EY ITS Washington Dispatch, March 2019 from 2019-04-02T12:22:37

OECD holds consultation on tax challenges of digitalization, with aggressive 2020 deadline – IRS issues proposed Section 250 regulations on computing FDII and GILTI deduction – Final GILTI regul...

EY ITS Washington Dispatch, Feburary 2019 from 2019-02-28T17:00

US Treasury official comments on OECD international tax deliberations – US supports global efforts to adopt corporate minimum tax – US government may miss June 2019 deadline to finalize TCJA int...

EY ITS Washington Dispatch, January 2019 from 2019-01-31T17:00

Tax agenda uncertain in new Congress -- Final IRS Section 965 transition tax regulations largely follow proposed rules, but include significant changes -- IRS releases final Form 8990 and instru...

EY ITS Washington Dispatch, December 2018 from 2018-12-31T17:00

US Congress fails to enact year-end tax legislation – JCT issues ‘Blue Book’ on 2017 Tax Cuts and Jobs Act – IRS issues proposed regulations on Section 59A BEAT – IRS issues proposed regulations...

ITS Washington Dispatch, November 2018 from 2018-11-30T16:15:53

Congress returns for lame-duck session; year-end tax bill taking shape – IRS releases proposed regulations and related guidance on interest expense limitation under Section 163(j) – IRS issues prop...

ITS Washington Dispatch, October 2018 from 2018-10-31T18:53:08

Most TCJA international proposed regulations out by year-end -- IRS proposed rules would reduce Section 956 inclusions for certain domestic corps owning stock in foreign corps -- IRS announces chan...

ITS Washington Dispatch, September 2018 from 2018-09-30T15:45:49

US House approves ‘tax reform 2.0’ legislation – US government issues proposed GILTI regulations – Treasury and IRS propose removing Section 385 debt/equity documentation requirements -- IRS releas...

ITS Washington Dispatch, August 2018 from 2018-08-31T22:47:20

US Treasury releases proposed Section 965 regulations on repatriation transition -- IRS proposed GILTI regs under review by OMB; draft GILTI and FDII forms released -- IRS announces upgrades to FAT...

ITS Washington Dispatch, July 2018 from 2018-07-31T21:54:41

US House Republicans release tax reform 2.0 framework -- IRS issues final anti-corporate inversion regulations -- Proposed repatriation transition tax regulations release imminent; Treasury officia...

ITS Washington Dispatch, June 2018 from 2018-06-30T16:10:45

US Congressional leaders talk tax reform 2.0 -- US Supreme Court overturns physical presence nexus standard; major implications for sales to the United States -- IRS updates Section 965 transition ...

ITS Washington Dispatch, May 2018 from 2018-05-31T16:33:43

US officials offer insights, timelines on upcoming TCJA guidance -- House Republicans, Trump Administration discuss ‘phase-two’ tax reform -- IRS announces forthcoming regulations expanding Section...

ITS Washington Dispatch,April 2018 from 2018-04-30T17:22:18

Treasury, OMB announce tax regulatory review agreement – IRS notice offers some clarity on new Section 163(j) business interest expense limitation – IRS Notice 2018-26 announces anti-avoidance rule...

ITS Washington Dispatch, March 2018 from 2018-03-31T21:35:46

Congressional Republicans, Trump Administration look to ‘phase 2’ tax reform -- US opposes taxes singling out digital economy -- IRS issues FAQ guidance on Section 965 transition tax -- IRS expands...

ITS Washington Dispatch, February 2018 from 2018-02-28T20:41:21

US government moving forward with TCJA international guidance, two more transition notices expected -- IRS guidance under new Section 965 prevents certain foreign corporations from making accountin...

ITS Washington Dispatch, January 2018 from 2018-02-01T00:03:51

US Treasury addresses TCJA guidance -- IRS begins filling in details on TCJA’s new Section 965 transition tax on foreign earnings -- Treasury grants yet another extension of time for reporting sign...

ITS Washington Dispatch, December 2017 from 2017-12-31T17:59:33

US enacts comprehensive tax reform; revamps international tax rules -- Tax accounting among top issues following enactment of US tax reform -- EU officials reviewing US international tax reform mea...

ITS Washington Dispatch, November 2017 from 2017-11-30T20:53:17

US House and Senate pass competing tax reform bills – IRS concludes GRA becomes fixed on date of initial transfer – IRS may not complete planned competent authority agreements for CbCR by year end ...

ITS Washington Dispatch, October 2017 from 2017-10-31T20:07:04

US Congress gains momentum on tax reform; House W&M releases reform bill – Treasury outlines future actions on international regulations under Executive Order review -- Treasury to delay applicatio...

ITS Washington Dispatch, September 2017 from 2017-09-30T19:05:55

Republican tax reform framework released; action moves to Congressional tax-writing committees – IRS offers relief for financial institutions required to obtain and report TINs – IRS issues propose...

ITS Washington Dispatch, August 2017 from 2017-08-31T19:30:29

Trump Administration, Congressional Republicans to renew focus on tax reform -- US extends transition period for applying certain parts of Section 871(m) regulations -- OECD releases report on bran...

ITS Washington Dispatch, July 2017 from 2017-07-31T19:48:28

House border adjustability will not be part of US tax reform -- Nomination of next Treasury Assistant Secretary for Tax Policy advances in Senate -- IRS delays Section 385 documentation requirement...

ITS Washington Dispatch, June 2017 from 2017-06-30T14:12:17

Trump Administration to deliver detailed tax reform plan to Congress following August recess -- IRS signing competent authority agreements for CbCR exchanges -- IRS reviewing options for FTINs -- I...

ITS Washington Dispatch, May 2017 from 2017-05-31T12:40:50

Trump Administration, Congressional Republicans look for unified tax reform proposal – Trump Administration’s FY2018 Budget offers few specifics on tax reform -- Trump Administration issues NAFTA r...

ITS Washington Dispatch, April 2017 from 2017-04-30T13:51:56

President Trump releases tax reform plan; calls for territorial system and repatriation of foreign earnings -- President Trump signs executive order requiring review of tax regulations – Modificati...

ITS Washington Dispatch, March 2017 from 2017-03-31T13:31:37

Congress turns to tax reform after ACA repeal fails in House – Trump Administration issues FY 2018 ‘skinny budget’ – US Tax Court upholds Amazon subsidiary's transfer pricing buy-in payment – IRS f...

ITS Washington Dispatch, February 2017 from 2017-02-28T15:28:21

President Trump delivers address to Congress; US tax reform remains priority – LB&I announces first international tax campaigns in new issued-based exams and compliance process – US officials offer...

ITS Washington Dispatch, December 2016 from 2016-12-31T16:38:04

Congress, incoming Trump Administration prepare for tax reform * Temporary and proposed regulations on covered asset acquisitions issued under Section 901(m) * Final and temporary US FX regulations...

ITS Washington Dispatch, October 2016 from 2016-10-31T20:48:07

US Treasury and IRS issue final and temporary Section 385 debt/equity regulations – What taxpayers should do now that final Section 385 regulations are released – IRS officials say cross-border int...

ITS Washington Dispatch, August 2016 from 2016-08-31T18:54:21

Congressional Republicans maintain opposition to Proposed Section 385 regulations -- IRS focusing on FATCA IGAs currently ‘in effect’ -- Obama Administration issues White Paper on EU State aid inve...

ITS Washington Dispatch, July 2016 from 2016-07-31T15:59:48

IRS and Treasury hold hearing on Proposed Section 385 debt/equity regulations – Senate Finance Committee Chairman’s corporate integration draft delayed -- IRS releases proposed Qualified Intermedia...

ITS Washington Dispatch, June 2016 from 2016-06-30T17:15:18

US releases final country-by-country (CbC) reporting regulations – House W&M Republicans request comment period extension for Proposed Section 385 debt/equity regulations; Treasury remains firm – H...

ITS Washington Dispatch, May 2016 from 2016-05-31T12:39:31

Tax reform and corporate integration dominate discussions in lead up to House tax reform blueprint – Comprehensive derivatives taxation draft released -- Congressional Republicans voice concern ove...

ITS Washington Dispatch, April 2016 from 2016-04-30T16:30:56

Uncertainty regarding House international tax reform draft – Comprehensive tax reform blueprint expected by end of June – New Section 385 regulations would treat related-party corporate interests a...

ITS Washington Dispatch, March 2016 from 2016-03-31T20:44:01

US international tax reform remains major issue on Capitol Hill – IRS final outbound asset reorganization rules adopt repeal of Section 367(a)(5) exception – Proposed regulations to treat foreign-o...

ITS Washington Dispatch, February 2016 from 2016-02-29T20:44:04

US international tax reform takes on added urgency in Congress – Obama Administration’s FY 2017 Budget includes international provisions substantially similar to FY 2016 proposals – Treasury releas...

ITS Washington Dispatch, January 2016 from 2016-01-31T15:08:50

House Ways and Means Committee to mark-up international tax reform bill in 2016 – Senate Finance Committee leaders express concern over EU State aid investigations – President Obama delivers State ...

ITS Washington Dispatch, December 2015 from 2015-12-31T16:20:54

Congress makes permanent certain international tax extender provisions in major tax legislation – House, Senate committees hold hearings on BEPS, EU state aid and inversions – US issues proposed Cb...

ITS Washington Dispatch, November 2015 from 2015-11-30T19:50:03

Congressional leaders, Obama Administration negotiating tax extenders package -- Pending Treasury regulations will expand scope of Section 7874, limit benefits of certain post-inversion transaction...

ITS Washington Dispatch, October 2015 from 2015-10-31T18:37:14

W&M Committee Chairman Paul Ryan elected House Speaker – Senate Foreign Relations Committee holds hearing on 8 pending tax agreements – Accelerated deadline for FBAR filing for calendar year 2016 a...

ITS Washington Dispatch, September 2015 from 2015-09-30T21:25:30

Congress returns to pending deadlines; Speaker Boehner resigns – IRS issues regulations under Subpart F – IRS releases final regulations on integrated hedging transactions – IRS issues long-awaited...

ITS Washington Dispatch, August 2015 from 2015-08-31T20:46:23

Congress returns on 8 September to legislative, budgetary deadlines – Tax Court in Altera rules stock-based compensation costs not included in cost pool for QCSAs subject to 1995 cost-sharing regul...

ITS Washington Dispatch, July 2015 from 2015-07-31T18:37:54

Senate Finance Tax Reform Working Group issues international tax reform report – Senior House Ways and Means Committee members release “innovation box” discussion draft – Senate Finance Committee a...

ITS Washington Dispatch, June 2015 from 2015-06-30T20:19:43

US international tax reform, repatriation considered to pay for Highway Trust Fund -- Congressional tax leaders express BEPS project concerns -- Bill introduced to close PFIC ‘loophole’ -- IRS issu...

ITS Washington Dispatch, May 2015 from 2015-05-31T20:59:11

US Treasury proposes revisions to US Model Tax Treaty – Senate Finance Committee tax reform working groups deadline extended – US court disallows FTC claim under US-UK treaty for withholding tax on...

ITS Washington Dispatch, April 2015 from 2015-04-30T19:33:05

IRS addresses Congressional concerns regarding hedge funds operating as offshore insurance companies – IRS announces plans to amend rules for claiming refunds / credits for certain withholding taxe...

ITS Washington Dispatch, March 2015 from 2015-03-31T20:43:29

Senate Finance Committee hearing on international tax reform reviews US patent box option – Finance Committee Chairman concerned over Obama Administration’s international tax proposals – Senate rep...

ITS Washington Dispatch, February 2015 from 2015-02-28T21:30:52

Obama Administration’s FY 2016 Budget proposes major overhaul of US international tax system – IRS finalizes regulations under Section 909 foreign tax credit splitting events – IRS Chief Counsel me...

ITS Washington Dispatch, January 2015 from 2015-01-31T15:33:18

President Obama, Republican Congressional leaders take out positions on tax reform debate -- US, India agree to framework to settle CA cases; APAs now possible -- IRS CCA 201501013 finds foreign fu...

ITS Washington Dispatch, December 2014 from 2014-12-31T20:21:53

Congress passes tax extenders legislation; gears up for tax reform debate -- Sen. Hatch releases "Comprehensive Tax Reform for 2015 and Beyond" -- IRS finalizes regulations on filing Form 5472 -- I...

ITS Washington Dispatch, November 2014 from 2014-11-30T19:34:13

US midterm elections change tax landscape; extenders activity dominates tax agenda in lame duck -- IRS issues regulations on deficient GRAs; withdraws Directive for remedying incomplete GRAs -- IRS...

ITS Washington Dispatch, October 2014 from 2014-10-31T18:05:06

Congress to return for lame-duck session; inversions and tax extenders legislation possible -- US Court of Claims lacks jurisdiction to hear taxpayer’s refund claim regarding contested foreign taxe...

ITS Washington Dispatch, September 2014 from 2014-09-30T13:04:40

Congress returned from August recess to debate corporate inversions, Treasury took action -- OECD releases 2014 output of BEPS Action Plan -- IRS CCA concludes accrued but unpaid interest constitut...

ITS Washington Dispatch, August 2014 from 2014-08-31T18:29:06

Congress begins August recess; concern over corporate inversions -- IRS clarifies foreign tax credit guidance under Section 901(m)to prevent abuse -- IRS updates procedures for withholding foreign ...

ITS Washington Dispatch, July 2014 from 2014-07-31T13:02:28

Congress mulls anti-inversion action -- Proposed US-Poland treaty, Spanish tax protocol move to Senate -- Top LB&I officials announce resignation -- IRS issues foreign tax credit guidance under Sec...

ITS Washington Dispatch, June 2014 from 2014-06-30T16:01:41

Senate Foreign Relations Committee holds hearing on Spanish and Polish tax protocols -- Repatriation less likely revenue source for Highway Trust Fund -- IRS updates FATCA FFI agreement, US and Chi...

ITS Washington Dispatch, May 2014 from 2014-05-31T18:55:56

IRS announces 2014 and 2015 as FATCA transition years -- IRS proposed regs redefine ‘acquiring corporation’ for purposes of attributes in corporate asset reorganizations -- IRS issues competent aut...

ITS Washington Dispatch, April 2014 from 2014-04-30T14:56:59

Tax extenders legislation update -- IRS Notice 2014-32 announces amendments to final regulations under Sections 367(a) and 367(b) -- IRS announces FATCA relief treating certain pending IGAs as in e...

ITS Washington Dispatch, March 2014 from 2014-03-31T17:11:49

President Obama releases FY 2015 Budget; includes new international tax revenue-raising proposals -- IRS postpones application of Section 871(m) regulations to specified equity-linked instruments -...

ITS Washington Dispatch, February 2014 from 2014-02-28T22:11:04

House Ways and Means Committee Chairman releases comprehensive tax reform draft -- Senate Foreign Relations Committee holds treaty hearing -- Government issues more FATCA guidance -- IRS releases T...

ITS Washington Dispatch, December 2013 - January 2014 from 2014-01-31T16:25:10

Congress reconvenes in January, passes "omnibus" appropriations bill -- President Obama delivers States of the Union and calls for corporate tax reform -- IRS issues temporary and proposed anti-inv...

ITS Washington Dispatch, November 2013 from 2013-11-30T21:17:39

Senate Finance Committee releases international tax reform discussion draft -- House-Senate conference committee on FY '14 Budget closing in on 13 December deadline -- IRS issues new proposed APA p...

ITS Washington Dispatch, October 2013 from 2013-10-29T21:25:53

Update on US budget and debt crisis -- IRS rules "production" activities include "growing" activities for subpart F manufacturing exception -- US, Switzerland delay FATCA IGA for 6 months -- OECD m...

ITS Washington Dispatch, August 2013 from 2013-08-29T20:45:01

Status update on US tax reform -- IRS opens online FATCA registration system -- US, Cayman Islands initial FATCA Model I IGA -- IRS 2013-2014 Priority Guidance Plan released -- IRS finalizes certai...

ITS Washington Dispatch, July 2013 from 2013-07-31T20:14:40

OECD releases base erosion and profit shifting (BEPS) action plan -- OECD releases revised Discussion Draft on the Transfer Pricing Aspects of Intangibles -- OECD White Paper on Transfer Pricing Do...

ITS Washington Dispatch, June 2013 from 2013-06-28T17:12:39

G8 summit calls for greater transparency with tax authorities -- OECD provides update on BEPS project -- House Ways and Means Committee hearing highlights MNCs’ use of tax havens -- Senate Finance ...

ITS Washington Dispatch, May 2013 from 2013-05-31T17:36:12

Debt talks could spur movement on US tax reform -- Senate subcommittee highlights US MNC's tax planning -- US Supreme Court rules UK windfall profits tax creditable under Section 901 -- US official...

ITS Washington Dispatch, April 2013 from 2013-04-30T21:05:26

Obama Administration's proposed FY 2014 Budget recycles international tax provisions -- US continues momentum on FATCA IGAs -- Tax Court applies step transaction to repatriation transactions -- Par...

ITS Washington Dispatch, March 2013 from 2013-03-29T15:30:25

Sequester in force, federal government avoids shutdown -- IRS issues regulations on outbound asset reorganizations -- IRS concludes equity-linked debt creates straddle, requires capitalization -- N...

ITS Washington Dispatch, February 2013 from 2013-03-05T13:42:54

President Obama delivers State of the Union address; sequester looms -- Ways and Means Committee Chairman releases draft proposals on tax treatment of financial products -- The Cut Unjustified Tax ...

ITS Washington Dispatch, January 2013 from 2013-01-31T21:27:58

US issues final FATCA regulations -- US fiscal debate turns to sequestration -- US, Japan sign comprehensive tax protocol -- US, Spain sign amending tax protocol -- IRS issues final anti-abuse regu...

ITS Washington Dispatch, December 2012 from 2012-12-31T21:26:31

Congress approves "fiscal cliff" agreement including all tax extenders; sequestration delayed two months -- US initials FATCA agreements with Switzerland, Ireland, and Spain -- IRS expands type of ...

ITS Washington Dispatch, November 2012 from 2012-11-30T16:18:23

November elections leave status quo unchanged for “fiscal cliff” talks - Treasury issues second Model FATCA Intergovernmental Agreement -- FATCA negotiations moving forward -- REIT’s Subpart F and ...

ITS Washington Dispatch, October 2012 from 2012-10-31T15:51:19

US extends certain FATCA deadlines -- Tax Court rules hybrid instrument is equity -- UN releases draft Transfer Pricing Manual for Developing Countries - OECD issues model draft provisions on "bene...

ITS Washington Dispatch, September 2012 from 2012-09-30T19:55:39

US, UK sign agreement on international tax compliance and FATCA implementation -- Congress adjourns for election; attention turns to lame duck session -- IRS issues final, temporary, and proposed r...

ITS Washington Dispatch, August 2012 from 2012-08-28T20:58:42

Congress moves tax legislation before adjourning for August recess -- Treasury official provides guidance update -- US, Canada agree on business profits interpretation in PE context -- Draft FATCA ...

ITS Washington Dispatch, July 2012 from 2012-07-31T15:58:53

Congress reviews tax reform options; territorial tax system enters presidential politics -- US Treasury releases FATCA Model Intergovernmental Agreement -- IRS Notice 2012-39: future regs coming un...

ITS Washington Dispatch, June 2012 from 2012-06-30T17:05:38

Congress will not extend expired tax provisions as package deal; tax reform focus during "lame duck" session -- Treasury issues FATCA statements with Japan and Switzerland -- US reaches agreement o...

ITS Washington Dispatch, May 2012 from 2012-05-31T15:35:46

US tax reform, 2001/2003 tax cuts, and debt limit back on the radar -- US-Chile tax treaty transmitted to Senate -- IRS finalizes rules on application of Section 1248(a) to gain under Sections 301(...

ITS Washington Dispatch, April 2012 from 2012-04-30T20:40

IRS issues final reporting regulations for bank deposit interest paid to NRAs -- US, Germany sign mutual agreement on dividend withholding regarding pension funds -- IRS issues 13th annual APA repo...

ITS Washington Dispatch, March 2012 from 2012-03-31T19:23:25

House approves FY 2013 Budget Resolution -- Ways and Means Committee to review "tax extenders" after spring recess -- IRS issues Notice 2012-20 addressing repeal of rule allowing bearer bonds to be...

ITS Washington Dispatch, February 2012 from 2012-02-29T19:12:11

President Obama releases proposed FY 2013 Budget -- Obama Administration releases long-awaited business tax reform framework -- Congress enacts extension of payroll tax cut, expanded UI, and medica...

ITS Washington Dispatch, January 2012 from 2012-01-31T23:52:58

President Obama provides more details on "insourcing" proposals -- House-Senate conference committee seeks payroll tax cut, unemployment extension compromise -- US Third Circuit rules UK "windfall ...

ITS Washington Dispatch, December 2011 from 2011-12-31T22:16:25

IRS issues final regulations on foreign base company sales income branch rules -- Final cost sharing regulations adopted -- US government issues final regulations on disregarded entities and condui...

ITS Washington Dispatch, November 2011 from 2011-11-30T19:00:57

Supercommittee fails deficit agreement deadline -- More details on House Ways and Means Committee Chairman's territorial tax proposal -- Ways and Means Subcommittee on Select Revenue Measures holds...

ITS Washington Dispatch, October 2011 from 2011-10-31T19:44:59

Ways & Means Committee chairman releases major international tax reform proposal -- Sens. Hagan and McCain propose new tax repatriation holiday -- Senate subcommittee issues long-awaited report on ...

ITS Washington Dispatch, September 2011 from 2011-09-30T15:04:13

Recent US developments on the deficit, jobs, and overall economy -- Congressional "supercommitte" begins work -- IRS issues proposed rules on Section 1256 and notional principal contracts -- IRS ad...

ITS Washington Dispatch, August 2011 from 2011-08-31T17:26:12

US budget / debt debate: where things stand -- IRS issues generic guidance on SRLY rules in DCL context -- IRS rules UK Remittance Basis Charge is a creditable tax for FTC purposes -- IRS Notice 20...

ITS Washington Dispatch, June 2011 from 2011-06-30T15:08:11

Deficit, debt and federal debt limit take center stage in Washington -- Treaty hearings move new Hungarian treaty, Swiss and Luxembourg tax protocols -- Final regulations issued on certain triangul...

ITS Washington Dispatch, May 2011 from 2011-05-31T19:52:59

US deficit, debt, and possibility of tax reform dominate debate in Washington -- Final regulations released on treatment under Subpart F and Section 367 of leasing aircraft, vessels in foreign comm...

ITS Washington Dispatch, April 2011 from 2011-04-30T21:15:05

US Congress reaches FY 2011 budget compromise, competing FY 2012 budget frameworks released -- IRS will not challenge creditability of PR excise tax -- Further FATCA info reporting and withholding ...

ITS Washington Dispatch, March 2011 from 2011-03-31T16:26:06

Budget impasse, deficits, and tax reform dominate new Congress -- New US law imposes excise tax on certain payments to foreign persons -- Final FBAR regulations released -- IRS issues FAQs on Sched...

ITS Washington Dispatch, February 2011 from 2011-02-28T21:30:18

President Obama releases proposed FY 2012 Budget; re-proposes many international tax provisions -- IRS 2011 Offshore Voluntary Disclosure Initiative offers late filing for FBARs and Forms 5471 with...

ITS Washington Dispatch, January 2011 from 2011-01-31T17:03:16

Tax reform in 2011 -- New proposed regulations require info reporting of bank deposit interest to all NRA persons

ITS Washington Dispatch, December 2010 from 2010-12-21T16:27:14

US Congress enacts $857 billion tax bill, including subpart F active financing and CFC look-through extenders -- Deficit Commission releases final report -- IRS issues eagerly anticipated FTC split...

ITS Washington Dispatch, November 2010 from 2010-11-30T16:24:24

Congress returns to uncertain lame duck session -- US-New Zealand protocol, US treaty with Malta in force -- IRS announces nonacquiescence in Veritas cost sharing decision -- IRS modifies position ...

ITS Washington Dispatch, October 2010 from 2010-10-29T16:30

Tax legislative update for upcoming Congressional lame-duck session -- IRS Notice 2010-65 offers relief from Section 901(l)(1) for back-to-back IP licensing, retail distribution -- Final UTP Schedu...

ITS Washington Dispatch, September 2010 from 2010-09-30T16:30

President Obama signs small business bill, tax extenders on hold -- President's Economic Recovery Advisory Board releases report on tax reform options -- IRS Notice 2010-60 FATCA guidance issued --...

ITS Washington Dispatch, July/August 2010 from 2010-08-31T16:30

Far-reaching international tax legislation enacted -- President Obama signs landmark financial reform legislation -- House Ways and Means Committee holds hearing on business restructuring and trans...

ITS Washington Dispatch, July 2011 from 2010-07-31T23:19:12

Federal debt compromise reached -- New version of Stop Tax Haven Abuse Act introduced in Congress -- House and Senate tax-writing committees hold joint hearing on debt / equity -- IRS issues final ...

ITS Washington Dispatch, June 2010 from 2010-06-30T16:30

Tax extenders legislation stalled in Senate -- IRS Notice 2010-46 addresses withholding taxes for securities loans -- IRS issues industry director directive on loss importation transactions -- Gove...

ITS Washington Dispatch, May 2010 from 2010-05-31T16:30

Pending tax extenders legislation contains significant international tax changes -- IRS Notice 2010-41 indicates government intent to issue regulations to classify certain domestic partnerships as ...

ITS Washington Dispatch, April 2010 from 2010-04-30T16:30

Hire Act's "modification" to Section 6501(c)(8) could suspend statute of limitations for entire tax return for failure to file intl information forms -- Senate Foreign Relations Committee reports o...

ITS Washington Dispatch, March 2010 from 2010-03-31T16:30

Jobs bill, health care reform enacted; tax extenders and small business bills pending -- Ninth Circuit reverses earlier decision in Xilinx; sides with Tax Court -- FBAR proposed regulations,instruc...

ITS Washington Dispatch, February 2010 from 2010-02-26T16:30

Tax legislative update and Obama Administration's international tax priorities --US multinational corporations with Venezuelan operations must adopt DASTM -- US and Hungary sign new tax treaty -- U...

ITS Washington Dispatch, January 2010 from 2010-01-29T16:30

IRS extends Notice 2008-91 60-day rule through 2010 -- Final and temporary anti-abuse regulations under Section 304 issued -- IRS rules CFC and US owner entitled to 80% DRD -- US Tax Court decision...