EY Cross-Border Taxation Spotlight for Week ending 7 June 2019

A review of the week's major US international tax-related news: OMB completes review of final and proposed GILTI regulations; Treasury to release before 22 June – US participation exemption guidance clears OMB review – IRS issues proposed regulations on exception from tax for foreign pension fund interests in US real property – IRS LB&I; withdraws RAB Share Directive for cost sharing arrangements.