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By Emilien LEBAS, Associate Partner, KPMG *
The recent US tax reform has probably been the most important topic for discussion for tax professionals, accounting and finance teams, and CFOs over the last two months. However, as is often the case when it comes to taxes, its impact goes way beyond the mere tax and accounting spheres. A significant number of Luxembourg resident companies being direct or indirect subsidiaries of US groups, it is worth trying to better understand the new tax environment in which such US groups are evolving, so as to better anticipate the potential impact of this new tax environment on their foreign subsidiaries, including those resident in Luxembourg.
Background
On 22 December 2017,...
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