EY Cross-Border Taxation Spotlight for Week ending 20 December 2024

A review of the week's major US international tax-related news. In this edition:  US Congressional Republicans continue to hold differing views on 2025 budget reconciliation – US to adopt OECD's Amount B simplified and streamlined approach to intercompany transactions beginning 2025 – US announces partial suspension of 1973 US-USSR tax treaty application to Belarus – US international tax officials leaving government – OECD BEPS project update – OECD releases pricing automation tool and fact sheets to implement BEPS Pillar One Amount B – OECD releases peer review report on Action 5 exchange of tax rulings.