World Tax Adviser

 A world of news with tax@hand

12/01/2024

Featured article

  • Italian legislative decree containing international tax reform measures is in force

Bermuda

  • Corporate income tax legislation enacted

Brazil

  • New legislation subjects investment subsidies to taxation
  • New rules limit deduction of interest on net equity distributions

European Union

  • European Commission publishes FAQs on Pillar Two directive

France

  • 2024 finance bill adopted by Parliament

Germany

  • RETT guidance on ownership attribution could result in double taxation

Hong Kong SAR

  • Consultation launched on Pillar Two global minimum tax, domestic minimum top-up tax

Japan

  • Tax reform proposals for 2024 announced

Luxembourg

  • Pillar Two law: Positive vote in parliament marks a key milestone

Singapore

  • IRAS e-Tax Guide on new rules for taxation of foreign asset disposals published

Switzerland

  • Pillar Two to be implemented in a gradual approach

United States

  • Additional guidance on treatment of section 174 research or experimental expenditures
  • Notice 2023-80 lays out interaction of Pillar Two and foreign tax credits
  • Notice 2024-10 provides additional corporate AMT guidance

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