The Treasury Department is working on new rules shoring up tax regulations on international income and assets, as well as energy credits and corporate and partnership tax maneuvers, according its spring 2024 regulatory agenda released Friday.
New to the agenda is a review of the impact of regulations on the base erosion and anti-abuse tax, or BEAT, a tax enacted as part of the 2017 tax-law overhaul on payments that are deemed to be eroding the US tax base.
Under the Regulatory Flexibility Act, federal agencies are required to review all rules with a significant economic impact on a substantial ...