A review of the week's major US international tax-related news. In this edition: IRS announces plans to limit “telescoping” in APA and MAP cases – IRS turning its attention to enforcement, including international partnerships and cost sharing – IRS concludes anti-abuse rule under Section 704(c) triggered in asset contribution to foreign partnership.

A review of the week's major US international tax-related news. In this edition: IRS confirms some modifications to debt instruments, other contracts to reflect LIBOR end will not result in deemed taxable exchange – IRS will consider amending existing APAs due to effects of COVID-19 pandemic – US government announces US-Hong Kong shipping agreement will terminate effective 1 January 2021.

A review of the week's major US international tax-related news. In this edition: OECD and Inclusive Framework release series of documents on Pillar 1 and 2 of BEPS 2.0 Project, with new mid-2021 completion – G20 Finance Ministers approve progress and timeline – EU agrees to abide by new OECD Inclusive Framework timeline – UN releases new proposed model treaty article and commentary on taxing digital economy.

A review of the week's major US international tax-related news. In this edition: US government releases final partnership withholding regulations under Section 1446 – IRS announces new compliance campaign targeting NRA’s unreported US rental income – Inclusive Framework holds meeting on final BEPS 2.0 Pillar 1 and 2 blueprints; release expected 12 October 2020.

A review of the week's major US international tax-related news. In this edition: US Treasury releases final and newly proposed foreign tax credit regulations – US Treasury issues final sourcing regulations on sales of personal property (including inventory) – OECD releases outcomes of third phase of peer reviews on BEPS Action 13.

A review of the week's major US international tax-related news. In this edition: Treasury releases final and proposed regulations on determining CFC status for certain provisions following TCJA repeal of Section 958(b)(4) – Final Treasury regulations under Section 864(c)(8) address US tax consequences of foreign partner's transfer of a partnership interest – OECD will publish final BEPS 2.0 Pillar 1 and 2 blueprints on 12 October 2020.

A review of the week's major US international tax-related news. In this edition: US Congress remains focused on bipartisan negotiations over next coronavirus aid package, extending government funding past 30 September FY-end – Democratic presidential nominee Joe Biden’s campaign releases additional tax proposals – IRS Notice 2020-73 announces one year deferral of certain Section 987 final regulations, related rules – G20/OECD Inclusive Framework on BEPS to meet 8-9 October, agreement on Pillar 1 unlikely.

A review of the week's major US international tax-related news. In this edition: Section 163(j) final regulations to be published in Federal Register on 14 September 2020; would be applicable to tax years starting 13 November 2020 – French Finance Minister accuses US of hindering progress in BEPS 2.0 negotiations.

A review of the week's major US international tax-related news. In this edition: IRS issues final Base Erosion and Anti-abuse Tax (BEAT) regulations – IRS Notice 2020-69 announces plans to issue regulations on application of Sections 951 and 951A to certain S corporations with accumulated E&P – IRS requests comments on collection of information for competent authority requests – OMB OIRA receives final and proposed FTC regulations for review.

A review of the week's major US international tax-related news. In this edition: IRS finalizes Section 245A DRD anti-abuse regulations with few changes – US, Swiss competent authorities agree to arbitration procedures under tax treaty.