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

US Senate moving forward on budget reconciliation legislation – Senate Finance Committee reports out nomination of new IRS Commissioner – President Trump increases tariffs on aluminum and steel imports – Treasury official warns US will act if OECD fails to accept US law as compliant with global minimum tax initiative – OECD releases CRS consolidated text for automatic exchange of financial account information in tax matters.

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

US House-passed budget reconciliation bill moves to Senate – US Appeals Court temporarily reinstates tariffs stayed by trade court – Treasury will not release final CAMT regulations anytime soon.

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

US House passes budget reconciliation bill, moves to Senate for consideration – Treasury official comments on BEPS Pillar Two permanent safe harbor.

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

US House Ways & Means Committee reports out $3.8t budget reconciliation bill, but stalls in Budget Committee – OECD releases Consolidated Commentary on GLoBE Model Rules.

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

US House Ways and Means and Energy and Commerce Committees to begin budget bill markup, reconciliation package may be scaled back – US international tax bill introduced – US-UK trade framework announced, details to be finalized in coming weeks.

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

Trump Administration, Congressional Republicans push budget reconciliation deadline to early July – US House committees marking-up draft reconciliation legislation – Treasury Secretary outlines trade policy plan – IRS reissues interim guidance on Advance Pricing Agreement submissions – New IRS Chief Counsel named.

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

US Congress to begin push to draft budget reconciliation legislation – Treasury official also assumes role as acting IRS Commissioner – US discussing how GILTI can coexist with OECD BEPS 2.0 Pillar Two rules – USTR announces actions regarding Chinese maritime and logistics sectors.

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

US Congress to move on budget reconciliation after recess – IRS withdraws regulations on certain partnership related-party basis-shifting transactions – OECD/G20 IF on BEPS issues statement following meeting, OECD official comments on discussions – UN negotiating committee of Framework Convention on International Tax Cooperation releases roadmap and guidelines – US launches investigation into pharmaceuticals and semiconductors.

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

Congress to begin budget reconciliation drafting following two-week recess – US pauses additional country-specific tariff rates, increases tariffs on China – President Trump signs repeal of crypto-reporting final regulations – IRS requests submissions for 2025-2026 Priority Guidance Plan.

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

US Senate releases FY2025 budget resolution; vote pending – President Trump announces far-reaching trade agenda, including 10% universal tariffs and country-specific ad valorem tariffs.