Tax

FATCA and CRS audits: Time to be prepared

Why should you be prepared for FATCA and CRS more than ever? The new Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standard (“CRS”) law ratified on 18 June 2020 has not only increased compliance requirements once again but, at the same time, it has reinforced the power of the Luxembourg tax authorities to carry out an audit within a […]

Electric vehicle taxation: who’s leading the pack?

Incentives for a greener future When we think about the future, fighting global climate change features high up on our list of priorities. As part of the 2016 Paris Agreement, most European countries are on board and working towards reducing greenhouse gas (GHG) emissions. Some of the government efforts seen up until now focus on mobility decarbonization (ac […]
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Family Matters – how times are changing for global family businesses

Family businesses help drive the economy, accounting for the majority of global GDP and employment.  Many families are intent on keeping their businesses in the family and passing them on to the next generation. Nothing new there, but uncertain times bring with them a whole new set of challenges. So, what are families up against? Well, for starters, the often c […]

How to know if your fund qualifies for lower taxes on environmentally sustainable investments

The momentum behind protecting the planet and moving towards social justice is growing, and investors are playing a huge part in funding this transition. In recognition of this, the Luxembourg government recently announced a tax incentive to encourage even more investment in environmentally sustainable funds—a reduction in the subscription tax. But how do you […]
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Treasury management and cash pooling: how is the COVID-19 crisis affecting transfer prices?

The economic downturn triggered by the COVID-19 pandemic is affecting wide swathes of sectors and companies. In particular, the treasury departments of multinationals have needed to boost their liquidity levels to cope with this unstable economic environment and meet their short- and medium-term financial obligations. Treasurers have a range of strategies at […]
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Withholding taxes: Why many insurance companies are being taxed twice (and how to claim it back)

Reclaims of foreign withholding taxes have become an absolute must for investment funds, but the practice has proven less common among insurance companies. For years, investment funds have been successfully obtaining refunded foreign taxes on dividends and interest. While this might be due to the more visible net performance of investment funds compared to in […]
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