US

Can the EU counteract reinforced US anti-corruption laws?

In June 2021, the US government issued a National Security Study Memorandum which defines corruption as a major threat to US national security. Considering that bribery and corruption have a negative impact on the world’s GDP by 2% to 5%, the current US administration is willing to raise corruption to a major stake, not only for national security, but also for […]

What US tax compliance means for the asset management sector

The US Internal Revenue Service (IRS) is increasing its efforts to ensure that non-US entities, including Luxembourg investment funds, comply with US tax rules. Tax authorities seem particularly focused on the following implications: Making US investments may lead to US tax compliance obligations: A company claiming treaty benefits should no […]
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Cooperation in space: US and Luxembourg sign MOU

This article was written together with Alina Vasiurenko. On 10 May 2019, the Grand Duchy of Luxembourg and the United States of America signed a Memorandum of Understanding (MOU) to strengthen cooperation in the field of space-related activities and associated commercial opportunities. US Secretary of Commerce Wilbur Ross came to Luxembourg to attend t […]
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Is your organisation compliant with US tax requirements?

US tax requirements require you to take a number of key actions to better ensure that you are compliant. Have a look at our other checklists on qualified intermediaries and FATCA and CRS obligations. Or, read on for help with determining how compliant you are with other key US tax requirements. 1. PFIC reports Is one of your entities a passive entity with US i […]
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Is your organisation compliant with FATCA and CRS?

As tax specialists will already know, operational taxes are a crucial area for compliance matters nowadays. Broadly speaking, they encompass withholding taxes, transactional taxes, due diligence, and tax and investor reporting. In this article, we look at these requirements under the FATCA and CRS regimes. Keep reading for our 5-question checklist, designed to h […]

Qualified intermediaries: this operational tax checklist is for you

Doing business in the US or with American investors? If so, you’ll know that operational taxes can be a tough area. Today’s business environment is a highly dynamic one, marked by close regulatory attention and rapid technological development, and so in this article we want to help you test how compliant your organisation is with its operational taxes. Expl […]