Ernst & Young Its Washington Dispatch

Debt talks could spur movement on US tax reform -- Senate subcommittee highlights US MNC's tax planning -- US Supreme Court rules UK windfall profits tax creditable under Section 901 -- US officials discuss OECD BEPS report -- IRS officials detail upcoming international tax guidance -- FACTA update -- OECD publishes report on Co-operative Compliance -- OECD publishes new “Draft Handbook on Transfer Pricing Risk Assessment” -- OECD issues final guidance on transfer pricing safe harbors.