United States Tax News
PE Watch: Latest developments and trends, January 2021
U.S. IRS Issues Revenue Ruling on Amendments Allowing Taxpayers to Deduct Eligible Expenses Paid with Forgiven PPP Loans
U.S. IRS and Treasury Issue Final Regulations on Additional Guidance Regarding Limitation on Deduction for Business Interest Expense
U.S. IRS and Treasury Issue Final Regulations to Help Businesses Claim Credits for Carbon Capture
Update - U.S. Congress Overrides Veto of Defense Bill Including Beneficial Ownership Reporting Requirements
U.S. Trade Representative Finds Indian, Italian, and Turkish DSTs to be Discriminatory and Suspends Tariff Action for French DST
U.S. IRS Releases Practice Unit on Qualified Dividends and Capital Gains Rate Differential Adjustments
U.S. IRS Publishes Revenue Procedures for 2021 on Letter Rulings, Technical Advice, and Determination Letters
U.S. Negotiating CbC Exchange Arrangement with Turkey
U.S. Congress Approves USD 900 Billion COVID-19 Package Including Additional Business and Tax Relief
Singapore Updates CbC Report Exchange Relationships to Include Panama and the U.S.
Draft Bill Submitted in U.S. Congress to Temporarily Reduce BEAT Tax Rate to 0%
U.S. Congressional Research Service Publishes Report on COVID-19 Provision Expiring in 2020
U.S. Congressional Research Service Publishes Updated Report Providing a Brief Overview of Business Types and Their Tax Treatment
U.S. IRS and Treasury Issue Corrections to Regulations on Income Subject to a High Rate of Foreign Tax for GILTI
US final and proposed PFIC regulations provide a mix of favorable and unfavorable provisions
US final and proposed regulations on passive foreign investment companies have both favorable and unfavorable implications for insurance companies
US: FinCEN further extends certain signature authority reporting (FBAR, Form 114) over foreign financial accounts
EY Global Tax Controversy Flash Newsletter (Issue 29) | What’s next for tax policy and controversy in Asia-Pacific?
Update - U.S. Final Regulations Published on Source of Income from Cross-Border Inventory Sales
U.S. Congress Passes Defense Bill Including Beneficial Ownership Reporting Requirements
Ukraine Supreme Court Holds Limits on the Deductibility of Royalties is Counter to the Tax Treaty with the U.S.
U.S. IRS and Treasury Issue Final Regulations on Withholding and Reporting Obligations on Disposals of Partnerships Engaged in U.S. Business
US Defense Bill Includes Beneficial Ownership Reporting Requirements
U.S. Interest Rates on Overpaid and Underpaid Tax Unchanged for Q1 2021
U.S. IRS and Treasury Issue Final Regulations Regarding Like-Kind Exchanges of Real Property
European Commission Announces Proposal for a New Forward-Looking Transatlantic Agenda
Joint Statement from the U.S. and Germany Published on the Spontaneous Exchange of CbC Reports for 2019
U.S. Signs CbC Exchange Arrangement with Monaco
U.S. IRS and Treasury Issue Final Regulations on Coordination of Extraordinary Disposition and Disqualified Basis Rules
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