United States Tax News

US: Proposed regulations would revamp creditability rules for foreign income taxes

9 November 2020

U.S. IRS and Treasury Issue Final and Temporary Regulations on Gain or Loss of Foreign Persons from Sale or Exchange of Partnerships

9 November 2020

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

5 November 2020

U.S. Signs CbC Exchange Agreement with Germany

4 November 2020

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

4 November 2020

US IRS announces plans to limit the use of “telescoping” in APA and MAP cases

30 October 2020

Digital Companies Continue to Pass on Cost of Taxes on Digital Services to Consumers

30 October 2020

U.S. IRS and Treasury Final Regulations on Consolidated Net Operating Losses Published

29 October 2020

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

29 October 2020

U.S. IRS Provides Tax Inflation Adjustments for Tax Year 2021

28 October 2020

European Commission Announces Green Light for EU to Impose Duties on U.S. Imports

28 October 2020

US IRS concludes anti-abuse rule under Section 704(c) triggered in asset contribution to foreign partnership

27 October 2020

US: Final regulations under Section 1446(f) set forth rules on withholding on transfers of partnership interests

27 October 2020

U.S. IRS Issues Announcement on Termination of Shipping Agreement with Hong Kong

21 October 2020

Spanish Supreme Court confirms case law on limits to dynamic interpretation of tax treaties

21 October 2020

U.S. IRS Issues Revenue Procedure on Transition from LIBOR and IBOR to Alternative Reference Rates

20 October 2020

US: Additional final regulations provide foreign tax credit guidance

20 October 2020

US: Calendar year 2019 FBARs extended to 31 October

20 October 2020

US IRS confirms that some modifications to debt instruments and other contracts to reflect LIBOR discontinuation will not result in a deemed taxable exchange

20 October 2020

U.S. Signs CbC Exchange Arrangement with Singapore

16 October 2020

Statement by US government official suggests proposed foreign tax credit regulations would not affect the credit claimed by US related parties for excise tax paid to Puerto Rico under Act 154

16 October 2020

G20 Finance Ministers Communiqué Published Following Virtual Meeting

15 October 2020

U.S. Treasury List of International Boycott Countries Published

15 October 2020

EY Global Tax Controversy Flash Newsletter (Issue 27) | Managing transfer pricing risk in a rapidly changing environment

13 October 2020

Update - Final Regulations Published Providing Additional Guidance on U.S. Base Erosion and Anti-Abuse Tax

12 October 2020

US: Final regulations add clarifications and revisions to source-of-income rules

9 October 2020

U.S. IRS Large Business and International (LB&I) Division Launches Several Compliance Campaigns

8 October 2020

US: IRS “practice unit” sets forth examination guidance on the inclusion of stock based compensation in cost sharing arrangements

8 October 2020

U.S. IRS Releases Practice Unit on Cost Sharing Arrangement with Stock Based Compensation

5 October 2020

Croatia Authorizes Negotiations for Tax Treaty with the U.S.

5 October 2020