The latest edition of EY's Washington Dispatch is attached below. Prepared by Ernst & Young's International Tax and Transaction Services group, this monthly newsletter summarizes recent developments in US international taxation. Highlights of this month's edition include:LegislationUS Congress begins August recessCourtsUS Supreme Court overrules Chevron deference to agency regulationsUS appellate court rules nonresident's gain from sale of its US partnership interest attributable to inventory is not US source incomeIRS newsFinal Section 367(b) regulations address certain cross-border triangular reorgs and inbound non-recognition transactionsIRS officials offer update on CAMT, PTEP guidanceTransfer pricingIRS and Medtronic file appellate briefs in Eighth Circuit appeal arguing...