A review of the week's major US international tax-related news. In this edition: Senate Finance Committee to release first tax reform draft within two weeks -- IRS rules there is a reduction in CFC's post-1986 foreign taxes corresponding to reduction in earnings from stock redemption.

On 30 October 2013, Law 16/2013 was published in the Spanish Official Gazette; it introduces relevant amendments to Spanish corporate income tax and extends the application of certain measures to FY 2014 and 2015.

A review of the week's major US international tax-related news. In this edition: House-Senate conference committee holds first meeting - Senate Finance Committee to release tax reform drafts in coming weeks - IRS issues Notice 2013-69 on FATCA - US, Hungary initial FATCA Model 1 IGA -- Mexican Congress approves tax reform

A review of the week's major US international tax-related news. In this edition: IRS rules certain growing activities qualify as production for subpart F foreign base company sales income rules -- ILM 201340016 considers triangular C reorg completed before release of Notice 2006-85 -- Update on Ireland's change to the Irish tax residency rules.

India's Central Board of Direct Taxes (CBDT) recently issued a notification for application of General Anti-avoidance Rules (GAAR).

Mexico's lower House of Congress revised and approved the proposed tax reform on 18 October 2013; it now moves on to the Senate for debate and vote.

A review of the week's major US international tax-related news. In this edition: Congress approves funding / debt bill; government reopens -- Ireland proposes change to tax residency rule to prevent "stateless" entities -- Italian Law Decree includes changes of interest to MNCs.

A review of the week's major US international tax-related news. In this edition: Movement on US fiscal impasse -- OECD country-by-country reporting may begin as early as 2014.

On 3 October 2013, the OECD published a memorandum seeking input on the development of an approach for country-by-country reporting of income, taxes paid, and economic activity.

An EY review of the week's major US international tax-related news. In this edition: Senate passes government funding bill; action moves to House; US opposes "virtual PE" concept and more.