Overview
OIRA Receives Proposed Regulations on Hybrid Dividends from Treasury: Today, the Office of Information and Regulatory Affairs (OIRA) received Treasury’s proposed regulations addressing certain related party amounts paid or accrued in hybrid transactions or with hybrid entities under section 267A(e).
OECD Announces Agenda for Global Forum on Transparency and Exchange of Information for Tax Purposes: The OECD announced that global implementation of transparency standards and new efforts to ensure a worldwide level playing field will top the agenda during the 11th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, which will take place in Punta del Este, Uruguay November 20 through 22.
EU TAX3 Committee Announces Upcoming Meetings: Today, the European Parliament’s TAX3 Committee announced that the next meetings of the Special Committee on Financial Crimes, Tax Evasion, and Tax Avoidance will take place on November 21, 26, and 27 in Brussels. The draft agenda includes public hearings on combatting money-laundering in the EU banking system and aggressive tax planning schemes within the EU, a report on financial crimes, tax evasion and tax avoidance, and an exchange of views with Pierre Moscovici, Member of the European Commission responsible for Economic and Financial Affairs, Taxations, and Customs.
Ways and Means Chairman Brady Makes Change to Senior Staff: Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) announced a change to his senior staff, naming Stephanie Parks as Health Subcommittee Staff Director.