EY Cross-Border Taxation Spotlight for Week ending 21 December 2018

A review of the week's major US international tax-related news. In this edition: US House approves tax bill; Senate action unlikely -- Congressional Joint Committee on Taxation releases general explanation of the Tax Cuts and Jobs Act (Blue Book) – IRS issues proposed regulations on Sections 245A(e) and 267A – IRS issues proposed regulations under Section 864(c)(8) on tax treatment of foreign partners gains on sale of a US partnership interest – IRS Notice 2019-01 announces future regulations re: foreign corporations with PTEP -- OMB received proposed Section 250 regulations for review