The World Tax Advisor includes in particular:

• British Virgin Islands: British Virgin Islands publishes economic substance rules
• Brazil: Ruling issued on tax treatment of cross-border cost sharing arrangements
• European Union: European Council updates list of noncooperative jurisdictions
• Germany: BFH rules on constitutionality of discount rate for non-interest-bearing liabilities
• Guernsey: Details on introduction of mandatory disclosure regime announced
• Guernsey: Guidance on economic substance information required in company tax return issued
• India: Secondary adjustment law amended
• Jersey: Consultation on introduction of mandatory disclosure regime launched
• Jersey: Changes to company rax return form announced
• Luxembourg: Limitation of validity period of tax rulings issued before 1 January 2015
• OECD: Proposal on challenges of digitalization includes new approach to profit allocation
• United Arab Emirates: List of sectors in which increased foreign ownership permitted approved
• United States: Additional guidance issued on tax treatment of virtual currency