Ernst & Young Its Washington Dispatch

US Congress enacts $857 billion tax bill, including subpart F active financing and CFC look-through extenders -- Deficit Commission releases final report -- IRS issues eagerly anticipated FTC splitter guidance under new Section 909 -- IRS / Treasury 2010-2011 Guidance Plan heavy on international tax projects -- US issues final schedule UTP regulation; non-US corporations may have obligations -- US-Canada arbitration guidance released