United States Tax News

Draft Bill Submitted in U.S. Congress to Temporarily Reduce BEAT Tax Rate to 0%

18 December 2020

U.S. Congressional Research Service Publishes Report on COVID-19 Provision Expiring in 2020

18 December 2020

U.S. Congressional Research Service Publishes Updated Report Providing a Brief Overview of Business Types and Their Tax Treatment

17 December 2020

U.S. IRS and Treasury Issue Corrections to Regulations on Income Subject to a High Rate of Foreign Tax for GILTI

16 December 2020

EY Global Tax Controversy Flash Newsletter (Issue 29) | What’s next for tax policy and controversy in Asia-Pacific?

15 December 2020

US final and proposed regulations on passive foreign investment companies have both favorable and unfavorable implications for insurance companies

15 December 2020

US final and proposed PFIC regulations provide a mix of favorable and unfavorable provisions

15 December 2020

US: FinCEN further extends certain signature authority reporting (FBAR, Form 114) over foreign financial accounts

15 December 2020

Update - U.S. Final Regulations Published on Source of Income from Cross-Border Inventory Sales

14 December 2020

U.S. Congress Passes Defense Bill Including Beneficial Ownership Reporting Requirements

14 December 2020

U.S. IRS and Treasury Issue Final Regulations on Withholding and Reporting Obligations on Disposals of Partnerships Engaged in U.S. Business

8 December 2020

Ukraine Supreme Court Holds Limits on the Deductibility of Royalties is Counter to the Tax Treaty with the U.S.

8 December 2020

US Defense Bill Includes Beneficial Ownership Reporting Requirements

7 December 2020

U.S. Interest Rates on Overpaid and Underpaid Tax Unchanged for Q1 2021

7 December 2020

European Commission Announces Proposal for a New Forward-Looking Transatlantic Agenda

4 December 2020

U.S. IRS and Treasury Issue Final Regulations Regarding Like-Kind Exchanges of Real Property

4 December 2020

Joint Statement from the U.S. and Germany Published on the Spontaneous Exchange of CbC Reports for 2019

3 December 2020

U.S. Signs CbC Exchange Arrangement with Monaco

2 December 2020

U.S. IRS and Treasury Issue Final Regulations on Coordination of Extraordinary Disposition and Disqualified Basis Rules

25 November 2020

U.S. 2020-2021 Priority Guidance Plan Issued

24 November 2020

U.S. Tax Court Sustains IRS's Transfer Pricing Reallocations Under Comparable Profits Method

23 November 2020

US and Mexico renew competent authority agreement on unilateral APAs for maquiladoras

20 November 2020

U.S. IRS Announce Renewal of Competent Authority Agreement on Maquiladoras

18 November 2020

UK proposes to amend hybrid and other mismatches regime – implications for US multinationals

17 November 2020

U.S. IRS and Treasury Issue Corrections to Regulations on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

17 November 2020

U.S. IRS and Treasury Issue Final and Temporary Regulations and Proposed Regulations on Foreign Tax Credits

16 November 2020

U.S. IRS Releases Guidance Regarding Deductibility of Payments by Partnerships and S Corporations for State and Local Income Taxes

11 November 2020

The EU Puts Countermeasures in Place Against U.S. Exports

11 November 2020

U.S. IRS and Treasury Consulting on Forms Used by Business Entity Taxpayers

10 November 2020

Tax Treaty between Croatia and the U.S. Under Negotiation

10 November 2020