Luxembourg: Selected Issues

June 8, 2015

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Format: Chicago

Luxembourg: Selected Issues, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Summary

This Selected Issues paper considers features of the Luxembourg tax system that may be susceptible to changes in international tax transparency standards and surveys related policy options. Luxembourg’s predictable and generally low-rate tax system has helped establish it as a leading financial and commercial entrepôt and has supported its fiscal revenues. Its revenue base could, however, be susceptible to changes in the European Union and global tax environment. This paper highlights that to address potential challenges to Luxembourg’s revenue base, the tax policy review should explore selective rate increases and base broadening measures. Moreover, the tax practices should seek to avoid encouraging unnecessary complexity in corporate ownership structures and intragroup financial contracts.

Subject: Bank supervision, Banking, Corporate income tax, Economic sectors, Excises, Financial regulation and supervision, Financial sector, Taxes, Value-added tax

Keywords: Bank, Bank shareholder suitability, Bank supervision, Bank supervisor, City state economy, Corporate income tax, CR, EU energy tax reform, EU tax legislation, Europe, Excises, Financial sector, Firm, Franchise name, Group structure, Holding company, ISCR, Luxembourg tax policy, Luxemburg, Nonbank company, Rate, Value-added tax

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/145
Stock No:

1LUXEA2015002
ISBN:

9781513546056
ISSN:

1934-7685

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