Treasury and the IRS recently released the much-anticipated proposed foreign currency regulations. Laura Valestin walks through the proposed regulations, challenges and concerns for taxpayers, and issues to consider.

Proposed Regulations
Federal Register

IN THIS EPISODE
Laura Valestin, Partner, PwC’s International Tax Services Practice
Rebecca Lee, Principal, PwC’s International Tax Services Practice

In case you missed it:

Tax Insight: Key issues under the new proposed foreign currency regulations (November 17, 2023)

Tax Insight: Treasury releases foreign currency proposed regulations (November 9, 2023)

Tax Insight: Treasury defers applicability dates for foreign currency guidance (August 24, 2022)

CBTT podcast: Branch FX: Were those Section 987 regulations final?

PwC’s Pillar Two Country Tracker (Updated 11/02/23)