This weekend roundup of Bloomberg Tax Insights looks at the final regulations for the foreign-derived intangible income deduction, the CARES Act and state IRC conformity provisions, a taxpayer win in the FBAR penalty column, tax competitiveness in the Americas, and more.

Policy leaders’ hours of talk this week failed again to produce a new bill as the pandemic continues to ravage the economy with shutdowns and infections still in high numbers across the country. President Trump said he would act on his own on aid extensions and payroll tax deferral if Congress fails to pass a package. Around the world, questions arise about virus tax relief and the need for more revenue.

Italy will allow tax payments that were suspended during the country’s coronavirus lockdown to be repaid over the next two years rather than by the end of the year, the government announced Saturday.

The French tax administration is postponing the deadline for the annual transfer pricing tax return amid difficulties caused by the coronavirus pandemic.

The Chilean government has extended the duration of its tax relief for small businesses and households as they contend with the economic impact of the Covid-19 pandemic.

The tax committee of the UN Department of Economic and Social Affairs is proposing to amend its model tax treaty to cover the taxation of automated digital services.

Dirt cheap, automated on apps and championed by newbie traders who brandish their broker balances on Twitter, the stuck-at-home trading phenomenon, born in the USA, has become a global craze.

Colombia’s Constitutional Court struck down a new tax on pensioners and public employees that was designed to finance the government’s response to the Covid-19 pandemic.

Russia wants to revamp its tax treaty with the Netherlands to change how interest and dividend payments are taxed.

All trust agreements in Buenos Aires must be registered with the Public Registry managed by the General Inspectorate of Justice, the entity said in a ruling published Thursday.