In this installment of U.S. International Tax Review, tax partners Larissa Neumann and Will Skinner review the One Big Beautiful Bill Act and the bill introduced by Senate Finance Committee member Thom Tillis, R-N.C. They also examine the IRS guidance memo on resource allocation for the advance pricing and mutual agreement program, developments with pillar 2, and the challenge to stock-based compensation in McKesson.
Read the full commentary and analysis in Tax Notes.