Crowdfunding platforms aren’t against regulation. Surprising isn’t it? But looking closely, it’s quite easy to see how an improved framework would actually benefit this nascent industry (and particularly crowd investing on which I’ll focus in this post). It can give legitimacy and thus credibility in new and wider markets. It can limit reputational risk by offering protection to investors against putting money into companies that don’t exist or putting all their eggs in one basket. What better way of reassuring and attracting potential new customers?
The “Solvency II” Directive with a promising name – “Omnibus II” sets the principles of the new framework for insurance regulation and supervision in the EU. The European Parliament considers it to be a big step towards a safer and more competitive insurance industry.
We find ourselves at the beginning of a digital revolution: technology has turned the world upside down, new products have emerged and the old way of doing business just doesn’t work anymore. The biggest changes are still ahead with the foreseeable future development of big data, connected cars, connected homes, e-health and so on. Sure, it is a bit frightening; we don’t know what to expect and we seem to be overtaken by the speed of innovation. But it also opens the door to a whole new world of exciting possibilities!
Today (28 March 2014), the agreement between the U.S. and Luxembourg was signed. Luxembourg financial and non-financial entities can now embark on their FATCA challenge (as outlined in my post on your FATCA checklist) with better knowledge of the “rules of engagement”.
Since it was announced that Luxembourg would abolish the 35% withholding tax in the context of the taxation of savings, we’ve waited a whole year to find out what would happen next. Then, last week, we had two new developments in quick succession – one on a Luxembourg level, one EU-driven – that accelerated the speed of change. Here is what happened and where it leaves Luxembourg.
It has been a difficult five years for European taxpayers looking to invest for their future. Since the crisis hit in 2009, a shaky economic environment has dampened pension and investment fund returns, leading to a potential shortfall in retirement packages and new home nest-eggs. What’s more, this already difficult situation has been compounded by European countries contravening EU law.