HR and new technologies – what you need to know about the Metaverse

More than 96 % of companies expect to use Metaverse technologies in their businesses in the near future! KPMG US & InnoLead - a research and events company focused on helping changemakers in large organizations - released a new report, “Shaping Your Strategy for Web3 and the Metaverse.” The report highlights the importance of this emerging technol […]

A silent revolution: the changing face of EU insurance distribution

The terms ‘insurance distribution’ and ‘insurance distributor’ shall include the activity of a policyholder selling insurance cover to customers. Yes, you heard that right! This is the opinion of Advocate General Szpunar of the Court of Justice of the European Union (ECJ) delivered on 24 March 2022 in a case involving a collective insurance scheme […]

Tax updates for the shipping sector amid greener supply chain regulations

Following our most recent newsletter which put a spotlight on the shipping sector, here’s a round-up of the latest national and international developments. In Luxembourg: Account 115 In a final judgment released on 31 March 2022, the Luxembourg Supreme Court (Cour administrative) denied the qualification of contribution in account 115 for the purposes of th […]
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Why HR is crucial to business strategy success

In a constantly and rapidly changing world which presents unprecedented challenges for business, organizations are forced to assess their strategies and core priorities. Persistently driving value and competitive advantage often lead to driving transformational change across all levels of an organization. It is widely accepted that human capital and talent ma […]

Crypto-assets gain popularity – are IFRS accounting standards ready?

The use of digital assets - or crypto-assets - is accelerating by the minute. But what exactly are they? And how can their ongoing accounting-related challenges be handled? Let’s first take a look at what’s been happening here in Luxembourg. From January 2022, LuxSE has allowed certain security tokens (financial instruments issued on a distributed ledger) […]
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