United States Tax News

United States | Notice 2024-16 provides that Section 961(c) basis of acquired CFCs carries over to domestic acquiring corporations in certain covered inbound transactions

8 January 2024

Romania Ratifies Pending SSA with the U.S.

5 January 2024

US Treasury adds Chile to the list of treaty countries that meet the requirements of IRC Section 1(h)(11), removes Russia and Hungary

5 January 2024

U.S. Beneficial Ownership Information Registry Now Accepting Reports

3 January 2024

U.S. IRS Issues Announcement Regarding Termination of Tax Treaty with Hungary

2 January 2024

IRS May Consider Group Membership in Determining the Arm's Length Interest Rate for Intragroup Loans and Making a Section 482 Adjustment

2 January 2024

U.S. Publishes Joint Statement with Hungary on the Spontaneous Exchange of CbC Reports for Years Beginning in 2022

28 December 2023

US FinCEN continues to extend certain signature authority reporting (FBAR, Form 114)

28 December 2023

OECD releases fifth edition of Corporate Tax Statistics publication

28 December 2023

U.S. IRS Publishes Draft Form for Corporate Alternative Minimum Tax

28 December 2023

U.S. Joint Committee on Taxation Publishes List of Expiring Federal Tax Provisions 2022 to 2034

27 December 2023

U.S. FinCEN Issues Final Rule Regarding Access to Beneficial Ownership Information

27 December 2023

FinCEN continues to extend certain signature authority reporting (FBAR, Form 114)

22 December 2023

U.S. IRS Notes CbC Report Local Filing will Not be Required in Hungary

22 December 2023

Tax Treaty between Chile and the United States has Entered into Force

21 December 2023

Russia Publishes Law Suspending Certain Provisions of Tax Treaties with 38 Unfriendly Countries

21 December 2023

IRS Providing Penalty Relief on Nearly 5 Million 2020 and 2021 Tax Returns

21 December 2023

New US interim CAMT guidance offers welcome relief from possible double-counting of CFC earnings in AFSI, but possible compliance burdens

20 December 2023

IRS Provides Additional Interim Guidance for New Corporate Alternative Minimum Tax

19 December 2023

Hungary Formally Terminates Tax Treaty with the United States

19 December 2023

US Treasury announces entry into force of the US-Chile tax treaty

19 December 2023

U.S. FinCEN Updates Beneficial Ownership Information Reporting FAQs

18 December 2023

U.S. Treasury and IRS Issue Guidance for Advanced Manufacturing Production Credit

18 December 2023

US Treasury provides guidance on the creditability of Pillar Two taxes, grants relief for pre-GloBE DCLs and extends temporary relief from FTC regulations

15 December 2023

Since 2021, the number of FG500 companies headquartered in the US has increased, reversing downward trend

14 December 2023

Romanian Senate Approves Pending SSA with the U.S.

13 December 2023

Global Tax Policy and Controversy Watch | December 2023 edition

13 December 2023

U.S. IRS Issues Guidance Regarding the Foreign Tax Credit and Dual Consolidated Losses in Relation to the GloBE Model Rules

12 December 2023

EY Global Tax Controversy Flash Newsletter (Issue 65) | Organisation for Economic Co-operation Development expresses support for ICAP program

12 December 2023

U.S. IRS and Treasury Issue Clean Vehicle Credit Guidance for Manufacturers

6 December 2023