EY ITTS Washington Dispatch, November 2021

The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US House passes Build Back Better Act budget reconciliation bill; action moves to Senate – President Biden signs infrastructure legislation including new cryptocurrency reporting – Final FTC regs expected by year-end, PTEP regs in 2022 – New IRS tool supports withholding agents’ compliance with Form 1042-S – IRS requests comments on APA, MAP applications and compliance – US, Turkey announce joint statement on unilateral digital tax compromise – India, US agree on transitional approach for 2% Equalization Levy prior to implementation of Pillar One rule – OECD remains committed to BEPS Pillars in effect by end of 2023 – OECD releases 2020 MAP statistics and awards