On December 20, 2024, the Luxembourg parliament adopted without material changes the tax relief package bill that we covered in a previous publication. Amongst others, this law introduces, as of fiscal year 2025, the...more
1/17/2025
/ Corporate Taxes ,
Employee Benefits ,
Employee Retention ,
EU ,
Foreign Workers ,
Immigration Procedures ,
International Tax Issues ,
Tax Credits ,
Tax Exemptions ,
Tax Planning ,
Tax Relief
With Parliamentary elections and a series of national votes in 2024, the EU is entering a pivotal period in its history. In this study, ‘Global business in a changing Europe’, we speak to corporate leaders across the world to...more
3/22/2024
/ Acquisitions ,
Artificial Intelligence ,
Asset Management ,
Capital Markets ,
Competition ,
Corporate Governance ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Global Market ,
Greenhouse Gas Emissions ,
Investment ,
Investment Management ,
Investors ,
Merger Controls ,
Mergers ,
Net Zero ,
Regulatory Agenda ,
Risk Management ,
Sustainability
The European Commission put forward a proposal in 2021 to tackle shell entities (known as ATAD 3). Despite widespread support for the concept, reaching agreement on the technical details of the Unshell Directive has proved...more
Whilst all our attention and energy are focused on Covid-19, other important developments continue that require your early attention. Bill n° 7465 implementing Council Directive (EU) 2018/822 of 25 May 2018 amending Directive...more
Following decisions of the Court of Justice of the European Union and of the French Conseil d’Etat dealing with virtual currencies (e.g., bitcoin, ethereum), the director of the Luxembourg direct tax administration clarified...more
The Luxembourg government announced yesterday the key elements of a tax reform that should apply as from fiscal year 2017. Companies will generally benefit from a reduced corporate income tax rate, whilst minimum net wealth...more
The Luxembourg indirect tax administration is reported to have confirmed that director fees are subject to VAT. This is in line with the Luxembourg VAT law and the position of the European Commission on this matter....more
On 28 January 2016, the European Commission published the proposal for a so-called Anti-Tax Avoidance Directive. The Directive applies to all taxpayers which are subject to corporate tax in an EU Member State, including...more
3/24/2016
/ BEPS ,
Controlled Foreign Corporations ,
Court of Justice of the European Union (CJEU) ,
EBITDA ,
EU ,
EU Directive ,
European Commission ,
Exit Tax ,
GAAR ,
Luxembourg ,
OECD ,
Tax Avoidance
On 15 October 2014, the Luxembourg Minister of Finance submitted the draft budget for 2015 (the Budget Bill) to the Parliament. The Budget Bill does not overhaul the Luxembourg corporate tax environment, however, it proposes...more
In this newsletter
- U.S.:
- Dodd-Frank Act – Designation of asset managers as systemically important financial institutions
- Volcker Rule finalised with a more limited application to covered fund activities...more
4/26/2014
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asia ,
Asset Management ,
Banks ,
BEPS ,
China ,
Conflicts of Interest ,
Dodd-Frank ,
Due Diligence ,
EU ,
FATCA ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Transaction Tax ,
Foreign Banks ,
Foreign Investment ,
FSOC ,
Hong Kong Stock Exchange ,
MiFID ,
Outsourcing ,
SFC ,
SIFIs ,
Value-Added Tax (VAT) ,
Volcker Rule