United States Tax News

US Treasury and the IRS propose complex, taxpayer-favorable regulations to reduce possibility of double taxation caused by anti-abuse rules on GILTI gap period

1 September 2020

U.S. IRS Issues Guidance to implement Presidential Memorandum Deferring Certain Employee Social Security Tax Withholding

31 August 2020

U.S. Presidential Candidate Joe Biden's Tax Plan Measures

31 August 2020

U.S. IRS and Treasury Issue Final and Proposed Regulations on Dividends Received Deduction Limitation

28 August 2020

U.S. President Trump's Second Term Agenda Tax Measures

27 August 2020

U.S. IRS Releases Practice Unit on LIFO Pooling Requirements

27 August 2020

U.S. IRS Releases Practice Unit on Taxability of Distributions Not from Accumulated Earnings & Profits

26 August 2020

U.S. IRS and Treasury Issue Corrections to Regulations on Outbound Property Transfers by Domestic Corporations

26 August 2020

U.S. Suspends or Terminates Three Bilateral Agreements with Hong Kong

25 August 2020

U.S. IRS Announces Competent Authority Agreement with Switzerland Regarding Arbitration

24 August 2020

U.S. IRS Releases Practice Unit on Computation and Review of Exchange Gain or Loss

18 August 2020

U.S. IRS and Treasury Issue Corrections to Final BEAT Regulations

17 August 2020

U.S. IRS and Treasury Issue Correction to Proposed Rulemaking on Hybrid Arrangements and GILTI

12 August 2020

U.S. President Signs Executive Order for Payroll Tax Deferral

10 August 2020

U.S. IRS Announces Competent Authority Agreement with Switzerland Regarding NAFTA/USMCA

10 August 2020

U.S. IRS and Treasury Issue Corrections to Regulations Regarding Certain Hybrid Arrangements

5 August 2020

U.S. IRS Provides Guidance on Recapturing Excess Employment Tax Credits

4 August 2020

US final and proposed regulations under Section 163(j) narrow definition of business interest expense, expand anti-avoidance rules and substantially revise rules for foreign corporations

4 August 2020

Switzerland and the U.S. Signed Competent Authority Agreement on Implementation of Arbitration

3 August 2020

U.S. IRS Releases Revised Practice Unit on the Receipt of Dividends or Interest from a Related CFC

3 August 2020

U.S. IRS Issues Proposed Regulations for TCJA's Simplified Tax Accounting Rules for Small Businesses

31 July 2020

U.S. IRS Releases Practice Unit Providing an Overview of Accuracy-Related Penalties

31 July 2020

U.S. IRS Issues Final and Proposed Regs on Business Interest Expense Deduction Limitation

30 July 2020

US: "Tested unit" standard in final GILTI regulations limits aggregating items of income, while proposed regulations would adopt the same standard for subpart F income high-tax exception

28 July 2020

FBI Issues Alert on Mandated Chinese VAT Software

27 July 2020

US Final and proposed GILTI regulations deliver few benefits and more than a few surprises

23 July 2020

U.S. IRS Announces Release of Regulations on Income Subject to a High Rate of Foreign Tax for GILTI

22 July 2020

EY Global Tax Controversy Flash Newsletter (Issue 24) | Expected heightened global tax controversy from COVID-19 disruptions

22 July 2020

US IRS releases new draft partnership Schedules K-2 and K-3 for international tax reporting

22 July 2020

US final GILTI/FDII regulations under Section 250 include guidance on Section 962 elections, pass-through FDII reporting

22 July 2020