Ey Cross-border Taxation Alerts

A review of the week's major US international tax-related news. In this edition: US enacts $1.9 trillion COVID-19 stimulus legislation, including repeal of worldwide interest expense allocation election – IRS Office of Fraud Enforcement initiative to focus on virtual currency – IRS Advance Pricing and Mutual Agreement Program seeing questionable treatment of COVID-related costs – OECD official sees possibility for two simplification measures in BEPS 2.0 Pillar 2 agreement – Platform for Collaboration on Tax issues final version of Toolkit for Tax Treaty Negotiations.