Miscellaneous
A review of the week's major US international tax-related news. In this edition: US President-elect Joe Biden announces $1.9 trillion “American Rescue Plan” – Incoming US Senate Finance Committee Chairman Ron Wyden details economic and tax priorities – IRS guidance on Section 864(f) worldwide interest expense allocation a top priority in 2021 – USTR announces investigation findings re Digital Service Taxes in Austria, Spain, and United Kingdom.