EY Cross-Border Taxation Spotlight for Week ending 6 June 2025
Update: 2025-06-06
Description
A review of the week's major US international tax-related news. In this edition:
US Senate moving forward on budget reconciliation legislation – Senate Finance Committee reports out nomination of new IRS Commissioner – President Trump increases tariffs on aluminum and steel imports – Treasury official warns US will act if OECD fails to accept US law as compliant with global minimum tax initiative – OECD releases CRS consolidated text for automatic exchange of financial account information in tax matters.
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