Ey Cross-border Taxation Alerts

A review of the week's major US international tax-related news. In this edition: European Commission proposes Directive for public CbC reporting of tax information – Top EU official discusses State Aid investigations with US officials -- Draft Finance Committee corporate integration plan may include nonrefundable 35% withholding tax on interest payments and dividends – House and Senate introduce identical technical corrections bills – IRS proposed regulations address Section 305(c) deemed distributions and related withholding.