Luxembourg

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 […]
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Brexit: understanding the transition period

On 31 January 2020, following the formal adoption of the withdrawal agreement, the UK officially left the European Union. Now begins the transition period outlined in the Brexit deal, which provides details on how the UK’s exit will unfold. For example, it states that no UK representative can participate in any EU institution, agency or body. It further declar […]
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ETFs and the future of active management

A decade of tremendous progress for ETFs and passive investing Did you know that over the last 10 years Vanguard picked up 87% of new net assets (inflows) of mutual funds with about two-thirds going to its largest index funds? The shift of investor money from active into passive funds has certainly contributed to a fundamental reshaping of the competitive […]
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Digital citizen experience: what it is and why it matters to Luxembourg

In today’s “age of the customer”, we are witnessing a shift in the balance of power in the brand-customer relationship. The digital revolution has profoundly changed consumer habits, with customers now better informed, increasingly empowered and more demanding than ever. Accustomed to interacting with brands and to using products and services from multi […]
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Citizen Experience: Seven ways Luxembourg’s public organizations can rise to the challenge

Just as customer experience has become a crucial part of every company’s success, citizen experience is climbing the public sector’s priority ladder. The “age of the customer” is upon on us, and everyone needs to get on board! In KPMG’s recently published white paper on public sector digitalization for citizens, we take a closer look at how differen […]
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Why Debt-to-Equity analysis should be on your “Black Swan” radar?

What exactly is it?  A debt-to-equity (D/E) analysis determines if the forecasted debt level and capital structure of a company meet the arm’s length standard. In other words, it aims to establish an approximation of conditions that are consistent with third-party behavior. As a simplified illustration, here are just some of the typical transfer pricin […]
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