Bold move: Massive tax cuts for ‘impats’ to boost financial hub
Luxembourg’s bold new tax incentives slash employment income taxation by 50 percent for newcomers as of this year. The new tax incentive aims to secure top global talent for its financial sector.
Tough days ahead for BEPS 2.0 as Ecofin meets
The OECD’s latest global tax plan is in trouble. Dubbed “BEPS 2.0”, the Inclusive Framework Pillar One and Two proposals – which has the political backing of 137 countries – is facing political difficulties, including within the EU and the US. The “Ecofin” meeting of EU finance ministers on Tuesday in Luxembourg will seek to break the logjam in Europe. How is Luxembourg positioned?
Tax planning: how Biden’s election impacts Luxembourg
What is the outlook for taxing US multinationals under a Joe Biden presidency? Even as the noise and belligerence subside, some fundamental differences of view will persist across the North Atlantic. What can firms using Luxembourg as an EU base expect from the new US administration?
Allen & Overy head optimistic on post-Brexit market access
Recent moves by the UK and Luxembourg authorities regarding investment funds should allow business to continue mostly as normal despite Brexit, says Patrick Mischo, newly appointed Senior Partner of the law firm Allen & Overy in Luxembourg.