EY ITTS Washington Dispatch, June 2023

Ernst & Young ITTS Washington Dispatch

A monthly review of US international tax-related developments. In this edition:

US House Ways and Means Republicans release tax package – Congressional JCT provides revenue estimates for BEPS 2.0 Pillar Two – IRS waives addition to tax for corporation’s failure to make estimated tax payments of its CAMT – IRS plans further IP guidance – US Senate approves US-Chile tax treaty, brings treaty closer to entry into force – BEPS 2.0 Project enters critical stage – OECD releases 2023 update on peer review of preferential tax regime.