As global tax rules shift, funds brace for Pillar 2’s arrival
A new global tax system is coming, putting globally-active Luxembourg firms, especially investment funds, into a desperate search to see whether they could be exposed to pay a potentially substantial top-up tax, according to rules that, to some, could seem just mean.
Investors unsure if investment losses can offset capital gains tax
A Luxembourg tribunal decision barring a local company from using investment losses to write off capital gains taxes imposed on a real-estate transaction has caused worry in some corners of Luxembourg’s investment world. Using losses to cut income tax due is a well-established practice. However, a legal analysis by ATOZ, the law firm that alerted many to the 30 March 2023 court decision, says the decision is unlikely to survive an appeal.
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?