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bank profitability

Comment: Tax haven status in beholder's eye

Submitted by mike.gordon@in… on Thu, 09 Sep 2021 - 13:02
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“Why Luxembourg is still a tax haven” was the headline in Monday’s Luxemburger Wort, the country’s leading daily. The evidence for this statement was a report from the EU Tax Observatory think tank which identified the Grand Duchy and 16 other jurisdictions as helping multinational banks dodge taxes.

Brexit cost hikes dent Luxembourg bank profits

Submitted by tjibbe.hoekstr… on Wed, 18 Dec 2019 - 12:38
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Luxembourg’s banks are not yet reaping the benefits of Brexit as Brexit-related additional costs are outstripping the rise in revenues. This has led to a year-on-year decline of 5.4% in banks’ profits in the third quarter of 2019, according to CSSF figures.

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