Ey Cross-border Taxation Alerts

A review of the week's major US international tax-related news. In this edition: US House Ways and Means Committee held first hearing on tax reform in new Congress – W&M hearing on border adjustability proposal scheduled for 23 May – Trump Administration to release FY’18 Budget on 23 May -- US Treasury has begun review of final, temporary and proposed tax regulations issued after 1 January 2016 – Treasury moving tax regulations consistent with ‘freeze’ order -- US in tax treaty discussions with Ireland, Luxembourg, Netherlands, Argentina and Colombia.