The World Tax Advisor includes in particular:

• Germany: Germany’s upper house of parliament adopts law that introduces R&D tax incentive
• Australia: Hybrid mismatch guidance dealing with US GILTI rule released
• Australia: Tax authorities confirm compliance approach for related party debt derivatives
• China: STA issues new rules for claiming treaty benefits
• European Union: Member states fail to agree on compromise proposal for public CbC reporting
• Guernsey, Isle of Man, Jersey: Updated guidance on scope and application of economic substance legislation released
• Japan: Tax authorities intensify audits of foreign digital service providers
• Taiwan: Draft regulations released on undistributed surplus earnings
• United States: Final and proposed BEAT regulations released