Ernst & Young Its Washington Dispatch

Ways & Means Committee chairman releases major international tax reform proposal -- Sens. Hagan and McCain propose new tax repatriation holiday -- Senate subcommittee issues long-awaited report on effects of Section 965 repat provision -- President Obama's jobs bill, the American Jobs Act of 2011 fails to advance -- "Supercommittee" deadline looming in November -- US Customs and Border Protection considering changes affecting transfer pricing -- OECD releases proposed draft changes to Commentary on Article 5 (PE) of Model Treaty -- Taxpayer warning: “phishing” scam related to FBAR filings -- EY announces launch of Americas Tax Center