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

US Congressional Republicans continue to hold differing views on 2025 budget reconciliation – US to adopt OECD's Amount B simplified and streamlined approach to intercompany transactions beginning 2025 – US announces partial suspension of 1973 US-USSR tax treaty application to Belarus – US international tax officials leaving government – OECD BEPS project update – OECD releases pricing automation tool and fact sheets to implement BEPS Pillar One Amount B – OECD releases peer review report on Action 5 exchange of tax rulings.

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

US Congressional Republicans consider plans for budget reconciliation bills in 2025 – Congress must pass government funding by 20 December, US-Taiwan tax bill still possible – IRS issues final and proposed FX regulations – US-Norway CAA released – IRS requests comments on APA and mutual agreement procedures.

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

Congressional Republicans consider budget reconciliation options to enact legislative agenda – Congress to address government funding that expires on 20 December 2024 – President-elect Trump nominates new IRS Commissioner – IRS releases long-awaited PTEP proposed regulations – Cyprus clarifies exchange of CbC reports with US.

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

• President-elect Trump nominates Treasury Secretary, fills out economic team
• G20 Leaders’ Declaration addresses international tax and BEPS 2.0 project
• OECD Global Forum on Transparency / Information Exchange announces 61 jurisdictions joining CARF

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

Congressional Republicans eye two budget reconciliation bills in 2025 to enact tax legislation – OECD holds Tax Certainty Day, releases 2023 MAP and APA statistics.

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

Republican US election sweep likely means TCJA extension via reconciliation, BEPS 2.0 project uncertainty – Final IRS Section 987 FX gain / loss regulations release before year-end – IRS comments on new passthrough field unit organization – IRS will permit digital asset transaction reporting on schema, not IRS Form 1042-S – IRS official says companies that ignored TP compliance letters referred for examination.

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

US 2024 election to have major impact on US tax policy – IRS to issue PTEP, Section 987 FX guidance by year-end – US to release notice on voluntary “Amount B”.

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

US announces tax agreement negotiations with Taiwan – IRS launches new LB&I pass-through field operations unit, EY’s Jeff Erickson chosen to lead – IRS announces new FATCA relief for FFIs – US officials discuss coming changes to CAMT regs – IRS official recommends expanding OECD Treaty Article 25 MAP scope – OECD official offers BEPS IF update.

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

US House legislators urge Taiwan tax negotiation – IRS launches new LB&I passthrough field operations unit – IRS official discusses CAMT campaign – OECD releases tax report to G20 Finance Ministers and Central Bank Governors.

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

Congress out of session until mid-November despite calls to reconvene and pass necessary funding measures – Upcoming election too close to predict for both presidential and congressional races – 2024 Annual Meetings of the IMF and World Bank Group to take place in Washington next week – IRS releases AM 2024-002 addressing application of Section 246(b) limitation to deductions under Sections 243, 245 and 250 – Italy and France propose changes to their digital services taxes, potentially increasing tax burdens on technology companies.

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

IRS releases final IP repatriation regulations – Treasury and IRS will release technical corrections to CAMT regs – IRS final DCL regulations will clarify anti-avoidance rule – OECD issues working paper on tax arbitrage through closely held businesses.