A review of the week's major US international tax-related news. In this edition:

US Congress returning from recess as Republicans consider second budget reconciliation option – UN Tax Committee announces tax subcommittee and ad hoc group workplans – WTO fails to extend Moratorium on Customs Duties and Electronic Transmissions – US, UK announce final agreement on drug pricing; preferential treatment for UK pharmaceutical exports.

A review of the week's major US international tax-related news. In this edition:

Trump Administration releases proposed FY'27 budget – Congress recesses as Republicans mull second budget reconciliation bill – IRS releases 27th annual APA report – White House issues trade proclamations on pharmaceuticals and aluminum, steel and copper – CBP updates court on IEEPA duty refund process.

A review of the week's major US international tax-related news. In this edition:

Congress reviewing second US budget reconciliation bill – Possible movement in US Senate's stalled crypto bill – IRS requesting recommendations for 2026-27 Priority Guidance Plan – IRS reportedly considering extending PFIC/CFC overlap rule to new classifications of foreign companies.

A review of the week's major US international tax-related news. In this edition:

US Treasury official discusses Pillar One – OECD official reviews upcoming Pillar Two guidance – IRS extends temporary relief for identifying digital assets – IRS guidance on Section 871(m) dividend equivalent amounts expected mid-year – US Treasury Secretary no longer acting IRS Commissioner, but duties remain.

A review of the week's major US international tax-related news. In this edition:

US Treasury unlikely to issue 'Green Book' with FY'27 Budget – Congressional Republicans debate budget reconciliation legislation option – US official discusses Pillar One and coming OECD Pillar Two guidance – USTR begins 76 Section 301 investigations of US trading partners – US Border Customs describes IEEPA refund claims.

A review of the week's major US international tax-related news. In this edition:

IRS proposes removing final regs on p'ship related-party basis adjustment transactions – Alternative process proposed for digital asset brokers electronic statements – IRS may waive 2025 electronic filing requirement for US and foreign withholding agents – Treasury Secretary says 10%global tariffs will increase to 15% – US Customs and Border Protection outlines possible tariff refund and liquidation mechanics – Federal Circuit rejects tariff refund delay.

A review of the week's major US international tax-related news. In this edition:

President Trump delivers State of the Union address to Congress – OBBBA international tax proposed regs coming mid-year – IRS issues guidance on FX gain or loss – New IRS proposed regs on foreign governments' US investment income will not be applied retroactively – US wants OECD guidance on Pillar Two side-by-side agreement – Trump Administration responds to US Supreme Court's tariff decision.

A review of the week's major US international tax-related news. In this edition:

US Supreme Court strikes down IEEPA tariffs – BEPS two-Pillar solution no longer exists, according to a Treasury official; Treasury exploring ways to reach an appropriate agreement on the digital economy – President Trump to deliver State of the Union address – IRS issues possible final tranche of additional interim CAMT guidance – OECD releases FAQs on BEPS Pillar One Amount B – US and North Macedonia issue joint statement on "Framework for an Agreement on Reciprocal Trade."