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World Tax Advisor

A world of news with tax@hand.

World Tax Advisor presents tax news, commentary and insights from around the world, including a once-monthly tax treaty update, written by professionals of the member firms of Deloitte and focusing on analyses of cross-border tax developments that reflect the dynamic business environment faced by multinationals. This weekly newsletter links readers directly to top stories reported on Deloitte tax@hand, Deloitte’s global tax news and information resource for tax and business professionals.

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September 16, 2022

Featured Articles

  • Likely tax policy implications of appointment of new UK prime minister

Cayman Islands

  • Economic substance guidance version 3.2 released

European Union

  • Five EU member states issue joint release committing to implement Pillar Two in 2023


  • Tax highlights of 2022 mid-year budget statement and related developments

Hong Kong SAR

  • Guidelines issued on auditor’s report for fund certifications


  • More stringent transfer pricing measures introduced


  • Tax reform could impact direct investment in real property by foreign investors


  • Cross-border workers: Luxembourg guidance clarifies “days worked” tolerance threshold


  • 2023 economic package submitted to Chamber of Deputies


  • IRAS updates guidance on date of payment, deemed payment for withholding tax purposes


  • Deadline approaching to settle WHT liabilities for transfer pricing adjustments

United States

  • Policy & Government Relations: Inflation Reduction Act
  • Tax Court issues supplemental opinion in Medtronic transfer pricing case


September 2, 2022
France’s 2022 amended finance law and “purchasing power law” enacted

August 26, 2022
Hong Kong SAR defers Pillar Two implementation

August 19, 2022
Overview of key tax provisions in US Inflation Reduction Act

August 5, 2022
German MOF issues draft bill that would significantly reduce scope of ETT/ORIP rules

July 29, 2022
UK multinational top up tax: Draft legislation on Pillar Two published

July 22, 2022
OECD Pillar One Amount A public consultation: Observations and comments

July 15, 2022
Australia’s hybrid mismatch rules: US GILTI rules do not correspond to Australia’s CFC rules

July 1, 2022
Amendments to Hong Kong SAR’s passive foreign-source income exemption regime under consultation

June 24, 2022
Greek PEs of EU/EEA companies eligible for capital gains participation exemption

June 17, 2022
Customs and tax authorities in China Mainland city of Shenzhen announce transfer pricing collaboration

June 10, 2022
Overview of changes to debt deduction rules proposed by Australia’s new government

May 27, 2022
Swedish Tax Agency changes position on home office driven permanent establishments

May 20, 2022
European Commission proposes directive to address tax-induced debt-equity bias

May 13, 2022
Letter from bipartisan group of US House taxwriters details taxpayer concerns about foreign tax credit regulations

May 6, 2022
United Arab Emirates Ministry of Finance launches public consultation on corporate tax regime

April 29, 2022
German Ministry of Finance confirms tax-free treatment of capital repayments from non-EU subsidiaries

April 22, 2022
Canada 2022-2023 federal budget highlights

April 8, 2022
Australia proposes extension of patent box to agricultural and low emissions technology sectors

April 1, 2022
US fiscal year 2023 budget plan continues White House focus on corporate, high wealth tax hikes

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