United States Tax News
Statement by US government official suggests proposed foreign tax credit regulations would not affect the credit claimed by US related parties for excise tax paid to Puerto Rico under Act 154
U.S. Signs CbC Exchange Arrangement with Singapore
G20 Finance Ministers Communiqué Published Following Virtual Meeting
U.S. Treasury List of International Boycott Countries Published
EY Global Tax Controversy Flash Newsletter (Issue 27) | Managing transfer pricing risk in a rapidly changing environment
Update - Final Regulations Published Providing Additional Guidance on U.S. Base Erosion and Anti-Abuse Tax
US: Final regulations add clarifications and revisions to source-of-income rules
US: IRS “practice unit” sets forth examination guidance on the inclusion of stock based compensation in cost sharing arrangements
U.S. IRS Large Business and International (LB&I) Division Launches Several Compliance Campaigns
Croatia Authorizes Negotiations for Tax Treaty with the U.S.
U.S. IRS Releases Practice Unit on Cost Sharing Arrangement with Stock Based Compensation
U.S. IRS Issues Final Regulations on the Deduction for Meals and Entertainment
US: Final and proposed regulations limit impact of repeal of Section 958(b)(4)
U.S. IRS Issues Final Regulations on Source of Income from Cross-Border Inventory Sales
U.S. IRS and Treasury Issue Corrections to Final Regulations on the Deduction for FDII and GILTI
US: Final regulations largely adopt proposed characterization of foreign persons’ gain or loss from sale or exchange of interests in certain partnerships, with some welcome changes
U.S. IRS Providing Additional Delay for Regulations on Foreign Currency Gains/Losses
U.S. IRS Issues Final and Proposed Regulations on Ownership Attribution Including for Purposes of Determining Status as CFC or U.S. Shareholder
US IRS delays certain Section 987 foreign currency regulations for additional year
U.S. IRS Releases Practice Unit on Overall Foreign and Domestic Losses
U.S. IRS Finalizes Regulations for 100% Bonus Depreciation
U.S. IRS Releases Practice Unit on Introduction to Dollar Value LIFO
Cyprus Publishes Notice on Expected Effective Date of CbC Exchange with the U.S. and Local Filing Obligations
U.S. IRS Reminds Taxpayers and Practitioners of Expedited Letter Ruling Procedures
WTO Panel Issues Report Finding US Tariffs on Chinese Goods Not Justified Under General Agreement on Tariffs and Trade
US: Final BEAT regulations adopt proposed BEAT guidance with some changes
U.S. IRS Announces Publication of Final Regulations on Business Interest Expense Deduction Limitation
U.S. IRS Releases Practice Unit on Foreign Earned Income Exclusion Audit Techniques
U.S. Presidential Candidate Joe Biden's New Tax Proposals to Support Manufacturing
U.S. House Resolution Opposing Digital Services Taxes
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