United States Tax News

U.S. IRS and Treasury Issue Corrections to Regulations Providing Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income

29 July 2022

New Corporate Minimum Tax to be Approved as Part of Inflation Reduction Act of 2022

29 July 2022

U.S. IRS Practice Unit on Allowance of Deductions and Credits on Delinquent Corporate Tax Returns

28 July 2022

U.S. Senate Approves CHIPS and Science Act of 2022 Including 25% Investment Tax Credit for Semiconductor Manufacturing

28 July 2022

U.S. House Republicans Note Meeting with Hungarian Delegation on Opposition to Global Minimum Tax

25 July 2022

U.S. Senators Introduce Resolution for Tax Agreement with Taiwan

25 July 2022

IRS Collection Procedures for Assets Located Outside the United States

21 July 2022

U.S. Senator Warren Introduces Bill to Simply Tax Filing

20 July 2022

G20 Finance Ministers and Central Bank Governors Reaffirm Commitment to Two-Pillar International Tax Package

20 July 2022

Ecuador Approves Pending TIEA with the U.S.

19 July 2022

U.S. Treasury Confirms Termination of 1979 Tax Treaty with Hungary

19 July 2022

U.S. Congressional Research Service Publishes Report on Pillar 2 Global Minimum Tax

18 July 2022

Italian Court of Cassation holds domestic regime is applicable on distributions to nonresident mutual funds

15 July 2022

US proposed regulations would limit Section 1256 mark-to-market accounting for foreign currency contracts to foreign currency forward contracts

15 July 2022

Pennsylvania Cutting Corporate Net Income Tax Rate and Introducing New Nexus Rules

14 July 2022

Hungary Confirms Termination of 1979 Tax Treaty with the U.S.

13 July 2022

U.S. Senator Wyden Releases Interim Report on Investigation into Big Pharma Tax Practices

12 July 2022

U.S. Terminating Tax Treaty with Hungary Over Global Minimum Tax

11 July 2022

U.S. Bill Would Double R&D Tax Credit

11 July 2022

U.S. Treasury List of International Boycott Countries Published

8 July 2022

Ireland Relaxes Requirements for U.S. Residents Claiming Treaty Benefits for Interest and Royalty Payments

6 July 2022

OECD and country officials discuss BEPS 2.0 Pillars One and Two and other OECD tax work

30 June 2022

U.S. IRS Issues Notice on Further Deferral of QDP Reporting Under BEAT Regulation

29 June 2022

US Supreme Court grants cert to hear FBAR penalty application case

28 June 2022

U.S. IRS Practice Unit on Energy Efficient Commercial Buildings Deduction

27 June 2022

New Hampshire Cutting Profits Tax Rate

22 June 2022

Ways and Means Committee Republicans Urge Delay in Foreign Tax Credit Regs

20 June 2022

Canadian Court Confirms Determination of Taxable Service Permanent Establishment May Span Different Tax Years Under U.S. Tax Treaty

20 June 2022

EY Global Tax Controversy Flash Newsletter (Issue 47) | Cross-border tax controversy on the rise: transfer pricing trends in the life sciences sector

17 June 2022

McDonald's Settling Tax Dispute with French Tax Authority

17 June 2022