LTPA association aims for transfer pricing excellence
The Luxembourg Transfer Pricing Association brings together 22 specialists dedicated to addressing the evolving complexities of transfer pricing. President Vanessa Ramos Ferrín spoke to Investment Officer.
Impact of OECD “structured formal garden” for tax rules
The new corporate taxation rules from the Organisation for Economic Co-operation and Development (OECD) join earlier reforms that collectively pose economic and fiscal risks to the Luxembourg economy, according to the International Monetary Fund (IMF). Tax experts say it is possible that some non-financial multinationals located here might decide to leave because of the new OECD rules.
Luxembourg and new OECD tax rules
Luxembourg business representatives have said that the OECD’s Inclusive Framework Pillar One and Two corporate income tax proposals contain risks of excessive complexity, could put state tax authorities under pressure, increase the likelihood of litigation and could put competitiveness at risk.