Are you impacted by the new transfer pricing guidelines on financial transactions?

Background On 11 February 2020, the Organization for Economic Co-operation and Development (OECD) published its final guidelines on financial transactions as part of a newly added Chapter X. The first draft was published on 7 September 2018 in light of the 2015 report on BEPS Actions 8-10, which mandated follow-up to the transfer pricing aspects of financial […]

GDPR and data privacy in 2020 – Staying on the ball

More than three years on from publication of the official GDPR text, we might have expected what was once the hottest topic in town to have simmered down somewhat. But au contraire…Here we are in 2020 and the subject of data protection has never been more relevant. 2019 was all about GDPR compliance projects, seeking clarification concerning the various cha […]

Time to look beyond GDPR compliance in your privacy journey

In its 2018 annual report, the CNPD (National Commission for Data Protection) outlines its activities following the entry into force of GDPR in May of the same year. Join us as we take a closer look at some of the key findings impacting every organization’s privacy journey. Individuals’ rights: the number of complaints has more than doubled In 2018, the […]

How BEPS 2.0 unified approach will revolutionize business models

With its new proposal (published October 9), the OECD tries to answer one burning question: How can profits and corresponding taxing rights on cross-border activities performed by multinationals be (re)allocated to cope with the ever-changing business models of the 21st century? The OECD’s objective is to build a consensus by the end of 2020 on interna […]

BEPS 2.0: The corporate tax revolution for international business is here!

The last few years have seen some big changes in the corporate tax world – from ATAD1 & 2 and the EU Commission’s anti-tax avoidance package to the recent US tax reform. The impact of these new rules has not gone unnoticed in many countries now subject to significant changes, and often harsher tax principles. This is just a drop in the ocean, howeve […]

ATAD 1 & 2 – Why banks need to sit up & take notice

Private equity players and alternative investors will likely be familiar with the acronym ATAD, but it might not be the case for those in Luxembourg’s banking sector. It is time, however, for them to get to grips with these four letters which stand for Anti-Tax Avoidance Directive. Why? Well, despite these new tax measures focusing primarily on unregulated […]