Ey Cross-border Taxation Alerts

A review of the week's major US international tax-related news. Update on US international guidance at OMB OIRA – IRS to continue scrutiny of virtual currency transactions – IRS concludes Section 952(c) election to include excludible insurance income in subpart F income of CFCs’ US shareholder is obsolete – G20 expresses support for OECD’s two-pillar approach.