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Luxembourg’s new coalition government has strongly stated its commitment to sustaining the long-term development of its financial centre in general and to strengthening the competitiveness of the Luxembourg investment fund industry in particular. It has also set out its action plan for the fight against tax fraud and tax evasion, committing to taking immediate remedial measures to ensure that Luxembourg becomes compliant with the standards defined by the OECD ‘Global Forum on transparency and Exchange of information for tax purposes’ well in advance of the deadline.
Marc Saluzzi, Chairman of the Association of the Luxembourg Fund Industry (ALFI), observes: “The new government clearly appreciates the importance of the financial services sector to the Luxembourg economy...
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