A review of the week's major US international tax-related news. In this edition:

US Congress to return to budget reconciliation legislation after Memorial Day break – JCT issues "Blue Book" on OBBBA – IRS releases proposed Section 892 regs on foreign government income, updating applicability dates – OECD releases updated consolidated commentary to GloBE Model Rules.

A review of the week's major US international tax-related news. In this edition:

US Senate moves forward on budget reconciliation 2.0 – Bipartisan digital asset tax bill released – US Treasury official discusses Pillar One and Pillar Two.

A review of the week's major US international tax-related news. In this edition:

US Senate moves forward on budget reconciliation legislation – Senate Banking Committee approves crypto market structure bill – US officials offer updates on multiple international tax projects – Federal Circuit temporarily reinstates Trump Administration's 10% global import tariff – OECD to release guidance for upcoming 30 June global minimum tax filing deadlines.

A review of the week's major US international tax-related news. In this edition:

US House and Senate to resume budget reconciliation process – IRS reinstates "significant issue" letter ruling program – US Court of International Trade rules against Trump Administration's temporary 10% global tariffs – US Trade Representative releases annual Special 301 Report on global IP.

A review of the week's major US international tax-related news. In this edition:

US Congress passes FY'26 budget resolution to prepare targeted budget reconciliation bill – US, Croatia sign tax protocol – Financial institutions should confirm account holders' tax IDs for FATCA and CRS compliance – OECD releases Global Minimum Tax Implementation Toolkit, updated FAQs on GloBE and global minimum tax.

A review of the week's major US international tax-related news. In this edition:

US Senate approves budget reconciliation resolution – House Ways and Means Committee addresses DSTs at trade hearing – US Treasury official discusses Pillar Two side-by-side agreement.

A review of the week's major US international tax-related news. In this edition:

US congressional Republicans eye action on narrow budget reconciliation bill – US, Croatia conclude negotiations on tax protocol – OECD Secretary-General issues tax report to G20 Finance Ministers and Central Bank Governors – Inclusive Framework jurisdictions to develop system to review enacted Pillar Two measures – OECD plans public consultation on transfer pricing for intragroup services – OECD looking to US Treasury's pending crypto reporting regulations as it considers changes to CARF.

A review of the week's major US international tax-related news. In this edition:

US Congress returning from recess as Republicans consider second budget reconciliation option – UN Tax Committee announces tax subcommittee and ad hoc group workplans – WTO fails to extend Moratorium on Customs Duties and Electronic Transmissions – US, UK announce final agreement on drug pricing; preferential treatment for UK pharmaceutical exports.

A review of the week's major US international tax-related news. In this edition:

Trump Administration releases proposed FY'27 budget – Congress recesses as Republicans mull second budget reconciliation bill – IRS releases 27th annual APA report – White House issues trade proclamations on pharmaceuticals and aluminum, steel and copper – CBP updates court on IEEPA duty refund process.

A review of the week's major US international tax-related news. In this edition:

Congress reviewing second US budget reconciliation bill – Possible movement in US Senate's stalled crypto bill – IRS requesting recommendations for 2026-27 Priority Guidance Plan – IRS reportedly considering extending PFIC/CFC overlap rule to new classifications of foreign companies.