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EY Cross-Border Taxation Spotlight for Week ending 10 January 2025
Published 1 year, 9 months ago
Description
A review of the week's major US international tax-related news. In this edition:
President-elect Trump open to two budget reconciliation bills, prefers one – House W&M Committee leaders introduce Taiwan tax bill – IRS issues comprehensive package on classification, sourcing of digital content and cloud transactions – IRS releases final regulations on DPLs, extending BEPS Pillar 2 transition relief for DCLs – Final rules released on certain partnership related-party basis shifting transactions – IRS CCA addresses transaction reducing future GILTI inclusion.