A review of the week's major US international tax-related news. In this edition: US anti-inversion legislation introduced in House and Senate -- Update on tax extenders -- OECD holds two public consultations: on hybrid mismatch arrangements and TP documentation and country-by-country reporting -- Proposed 2013 US-Poland tax treaty transmitted to Senate.

A review of the week's major US international tax-related news. In this edition: Tax extenders and corporate inversions dominate Congressional tax debate – US government officials offer insights at ABA Tax Section meeting.

On 6 May 2014, a declaration on automatic exchange of information in tax matters was adopted at the meeting of the OECD Council at the Ministerial Level; it was endorsed by 48 countries and the EU.

In Notice 2014-33, the IRS announced it will treat calendar years 2014 and 2015 as a transition period for purposes of enforcing and administering implementation of FATCA by all withholding agents (including foreign financial institutions).

A review of the week's major US international tax-related news. In this edition: Proposed US tax agreements delayed in Senate (again) -- US-Spain protocol transmitted to Senate -- Senate to move on tax extenders package next week -- US corporate inversions attract Congressional attention -- IRS Proposed Section 381 regulations have international implications.

A review of the week's major US international tax-related news. In this edition: House Ways and Means Committee approves six separate bills to make permanent certain expired business tax provisions -- IRS official says BEPS causing some treaty partners to take aggressive positions -- IRS's top FACTA priority is release of final forms and instructions.

A review of the week's major US international tax-related news. In this edition: House Ways and Means Committee to mark-up tax extenders soon -- Senate tax extenders bill to go to floor week of 28 April -- IRS Notice 2014-32 addresses foreign triangular reorganizations -- IRS extends expanded PFIC active banking exception for qualifying government bonds.

On 16 April 2014, the Australian Taxation Office (ATO) released two new draft transfer pricing Taxation Rulings and new two draft Practice Statements, which represent the ATO's first documented view on how the new transfer pricing laws will apply and what taxpayers need to do.

A review of the week's major US international tax-related news. In this edition: IRS announces filing exemption for US persons holding PFIC stock through exempt orgs / accounts -- Immediate action for Mexican IMMEX/maquiladora companies.

China and Germany on 28 March 2014 signed a new income tax treaty and protocol; it will become effective on or after 1 January following the year in which the new treaty enters into force.