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By amending art. 154 LIR and issuing Circulaire LIR n° 154/2, Luxembourg authorities participate in government’s efforts to improve the country’s reputation in tax matters. And they should not throw away the baby with the bathwater
By Laurent Engel, Partner Tax and Armin Weber, KPMG Luxembourg
“Luxembourg is not the problem, but part of the solution,” said Minister Gramegna at this year’s spring presentation of the Luxembourg Business Compass. He referred to Luxembourg’s exposure to criticism from the media, NGO’s and international organisations with regard to the country’s role in the taxation of multinational enterprises and the debate on fair taxation and tax transparency in general. The open business oriented mindset of the legislator and...
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