EY Cross-Border Taxation Spotlight for Week ending 11 July 2025
Update: 2025-07-11
Description
A review of the week's major US international tax-related news. In this edition:
US enacts budget reconciliation legislation with major international tax changes – G-7 issues statement on global minimum taxes to address US concerns – President Trump issues EO extending country-specific tariff deadlines, sends ‘tariff letters’ to 14 countries – Canada rescinds DST to preserve US trade talks – IRS revokes crypto-reporting final regulations – IRS announces 83 pieces of guidance obsolete.
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