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EY Cross-Border Taxation Spotlight for Week ending 24 July 2026
Published 2 months, 2 weeks ago
Description
A review of the week's major US international tax-related news. In this edition:
US House passes FY27 budget resolution in lead up to budget reconciliation 3.0 – Senate unlikely to complete work on digital asset Clarity Act before August recess – IRS hopes to release updated MAP guidance – OMB set to review IRC Section 250 proposed rules – USTR final action imposes 10% or 12.5% tariffs on 60 US trading partners – US imposes additional 50% tariff on certain Canadian imports.