EY Cross-Border Taxation Spotlight for Week ending 20 February 2015

A review of the week's major US international tax-related news. In this edition: Ways and Means Committee Chairman says tax reform in 114th Congress must happen before August recess -- IRS concludes US shareholder must increase its E&P in year of Section 951(a)(1) inclusion -- IRS opines on application of tax rate disparity test for foreign sales branches – US anti-corporate inversion regulations may be released in 2015 – New IRS APMA director appointed.