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Belgian Cayman on the prowl in Luxembourg
In a recent fiscal flourish, Belgian finance minister Vincent Van Peteghem’s tax reform, originally slated for summer passage, gave way to an intriguing end-of-year development: the amendment of the ‘Cayman tax’, approved just before Christmas in the Belgian parliament.
Luxembourg Sicavs eligible for Belgian tax treaty
What for decades proved a disadvantage for the Luxembourg fund industry is now quietly becoming an advantage: Luxembourg investment companies can invoke the double taxation treaty with Belgium.