EY Cross-Border Taxation Spotlight for Week ending 7 August 2026

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

US Senate to adjourn for August recess, budget reconciliation (3.0) resolution not expected – Proposed FDDEI and Net CFC Tested Income regulations clear OIRA review – 25 US states file suit against Trump Administration's latest Section 301 tariffs targeting 60 US trading partners.