EY Cross-Border Taxation Alerts

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

US House passes FY27 budget resolution in lead up to budget reconciliation 3.0 – Senate unlikely to complete work on digital asset Clarity Act before August recess – IRS hopes to release updated MAP guidance – OMB set to review IRC Section 250 proposed rules – USTR final action imposes 10% or 12.5% tariffs on 60 US trading partners – US imposes additional 50% tariff on certain Canadian imports.

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

US House Budget Committee approves budget resolution without tax-writing committee instructions – OECD officials offer Pillar Two global minimum tax CIT estimates – OECD reports on MNE responses to global minimum tax – OECD testing risk assessment framework using GMT return data – OECD to present IF with global mobility project proposal – US announces 25% tariffs on Brazilian imports.

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

US Congress to return from recess to possible budget reconciliation 3.0 – Treasury official opposes public CbCR, defends BEPS side-by-side deal – Coming BEPS report to show reduction in tax revenue – USMCA review deadline passes, further talks.

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

US Budget Reconciliation 3.0 still being floated – US and OECD officials offer views on digital taxation and Pillar Two.

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

US congressional Republicans weigh budget reconciliation 3.0 options – US confident of Pillar Two side-by-side agreement, Pillar One is dead – OECD opens public consultation on digital platform tax information exchange – OECD to release copper transfer pricing toolkit.

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

President Trump signs budget reconciliation 2.0 bill, calls for 3.0 – House tax writing committee holds digital tax hearing – US Tax Court rules on cryptocurrency staking awards – OECD IF issues guidance on GloBE information return electronic form.

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

US Senate approves budget reconciliation 2.0 bill – US Treasury Secretary testifies before congressional tax writing committees – House Ways and Means Committee to hold hearing on digital taxation on 9 June – USTR proposes additional ad valorem tariffs on 60 US trading partners – OECD releases public consultation draft on transfer pricing intra-group services.

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.