United States Tax News

U.S. IRS Provides Temporary Relief for Foreign Tax Credit under Sections 901 and 903

24 July 2023

OECD/G20 Inclusive Framework releases document on Pillar Two GloBE Information Return

24 July 2023

U.S JCT Report Providing Background and Analysis of the Taxation of Income Earned by Multinational Enterprises

24 July 2023

G20 Finance Ministers and Central Bank Governors Reaffirm Commitment to a Globally Fair, Sustainable, and Modern International Tax System

19 July 2023

U.S. Chamber of Commerce Urges Canada to Reconsider Support for Extension of Standstill Agreement on Digital Services Taxes

18 July 2023

Final U.S. Regulations Issued on Carryback of Consolidated Net Operating Losses

17 July 2023

Discussion Draft of Bill Providing Relief for U.S. and Taiwanese Workers and Businesses from Double Taxation Based on Model Tax Treaty

14 July 2023

Senate Finance Committee Leaders Seek Input on Taxation of Digital Assets

13 July 2023

New Jersey Introduces Substantial Nexus Rules for Corporation Business Tax Purposes and Adjusts Annual Tax Return Deadline

12 July 2023

OECD releases IF Pillar One progress statement

12 July 2023

U.S. IRS Practice Unit on Categorization of Income and Taxes into Proper Basket for Foreign Tax Credits

10 July 2023

US QUEST report estimates widespread Pillar Two adoption outside the United States would result in an 18% increase in US multinationals' corporate tax liability, fewer jobs and less investment

10 July 2023

U.S. CRS Report on Energy Tax Credits and the Global Minimum Tax

7 July 2023

U.S. Regulations Provide Additional Guidance on Transition from Interbank Offer Rates to Other Reference Rates with Respect to the Interest Rates of a Foreign Bank

6 July 2023

Dutch State Secretary for Finance Explains Certain Tax Treaty Issues

5 July 2023

U.S. IRS Practice Units on Interest Expense Limitations and Dividend Distributions with a Debt Issuance

5 July 2023

U.S. Congressional Research Service Publishes Updated Report on Pillar 2 Global Minimum Tax Including Revenue Impact

5 July 2023

U.S. Supreme Court to Hear Constitutional Challenge to Mandatory Repatriation Tax

27 June 2023

U.S. Senate approval of U.S.- Chile tax treaty brings treaty closer to entering into force

25 June 2023

U.S. Senate Approves Tax Treaty with Chile in Final Vote

23 June 2023

U.S. Senate Ready for Final Vote on Tax Treaty with Chile

22 June 2023

U.S. Will Likely Lose Revenue as a Result of the Pillar 2 Global Minimum Tax

22 June 2023

Senate approves Chile tax treaty resolution

22 June 2023

Connecticut Extends Corporation Business Tax Surcharge

21 June 2023

IRS Releases Guidance on Elective Payments and Transfers of Certain Credits Under the Inflation Reduction Act

16 June 2023

IRS and Treasury Issue Guidance for Advanced Manufacturing Investment Credit

15 June 2023

EY Global Tax Controversy Flash Newsletter (Issue 59) | US IRS implements pre-screening process for taxpayers seeking APAs

15 June 2023

Biden Administration Ends OIRA Review of Tax Regulations

15 June 2023

U.S. Treasury Department Announces Framework to Promote Fair and Effective Compliance

14 June 2023

Global Tax Policy and Controversy Watch | June 2023 edition

13 June 2023