Search Results for: Luxembourg
European Commission finds Luxembourg gave illegal tax benefits
June 28th, 2018
The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under EU State aid rules because it gives Engie an undue ...
Fintech Awards Luxembourg invites applications
March 23rd, 2018
The organising partners of the Fintech Awards Luxembourg have opened applications for the 2018 edition of the competition. Rising stars from the fintech startup universe are invited to apply for several prizes and the chance to build their networks ...
EU ordered Luxembourg to collect around €250 million from Amazon
October 5th, 2017
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...
IMF recommends lower, broader Corporate Tax for Luxembourg
May 15th, 2017
Further corporate tax reforms may be needed to Luxembourg’s tax regime for foreign companies if it is to maintain its appeal while responding to international tax initiatives, the International Monetary Fund has said. The IMF said that evolving international ...
University of Luxembourg: Researchers develop Zcash cryptocurrency
February 13th, 2017
Scientists at the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg have developed an important mathematical algorithm called “Equihash”. Equihash is a core component for the new cryptocurrency Zcash, which offers more privacy and ...
Relief for foreign financial service providers from Luxembourg
November 22nd, 2016
ASIC has extended its relief for foreign financial service providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients by Luxembourg fund managers. The relief in ASIC Corporations (CSSF-Regulated ...
Luxembourg Launches World’s First Green Stock Exchange
September 27th, 2016
Today, less than six weeks before COP22 , the Luxembourg Stock Exchange (LuxSE) becomes the first stock exchange globally to introduce a platform for green financial instruments. Luxembourg Green Exchange (LGX) is for issuers who dedicate 100% of the raised funding to green ...
Luxembourg Appealing ‘LuxLeak’ Sentences
August 5th, 2016
Luxembourg’s state prosecutor has begun an appeal against the verdict at the recent “LuxLeaks” trial, arguing the sentences handed down by the court were too lenient. Earlier this year, Antoine Deltour and Raphael Halet, both former employees at advisory ...
Gramegna Confirms Luxembourg Corporate Tax Cut
April 26th, 2016
Luxembourg Finance Minister Pierre Gramegna confirmed to parliament on April 21 that the Government will gradually reduce the rate of Luxembourg’s corporate tax, but proposed restrictions to loss rules have been tweaked. Reaffirming plans first announced by the Government ...
RBS closes Luxembourg deal with BlackFin
January 5th, 2016
RBS (Luxembourg), formerly part of the UK’s Royal Bank of Scotland group, has been renamed FundRock Management Company as the sale of it to private equity firm, BlackFin Capital Partners, closes. Royal Bank of Scotland’s trustee and depositary business established RBS ...
