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Luxembourg News Headlines

Switzerland, Luxembourg plan to join China-led development bank
Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China's finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States. Britain, France, Germany and Italy have already announced their intentions to join the Asian Infrastructure Investment Bank -- which is viewed by some as a ...(3/21/2015 1:11:43 AM)
France's Hollande presses Luxembourg on tax avoidance
French President Francois Hollande urged Luxembourg on Friday to "go as far as possible" in tackling tax avoidance in the wake of the Luxleaks scandal. Investigative journalists last year found top international companies including Disney, Microsoft and Heinz benefiting from sweetheart tax deals with Luxembourg. "Luxembourg has committed to bringing in new practices," Hollande said after talks ...(3/6/2015 2:56:17 PM)
Life After Loopholes Forces Luxembourg to Rethink Its Future
The move was driven in part by the leak of hundreds of documents at the end of 2014, the so-called LuxLeaks papers, that showed some companies effectively lowered their tax burden to less than 1 percent of profit by making deals with authorities in Luxembourg, a nation of 550,000 people that borders Germany, France and Belgium. “They’re scrambling to save what’s left of their tax-haven status ...(3/17/2015 8:00:01 PM)
Telecom Luxembourg and High-Tech Bridge Announce Strategic Partnership to Deliver on-demand Web Penetration Testing ...
(3/25/2015 2:26:18 PM)
France urges Luxembourg to bring tax laws into line with EU
France is urging Luxembourg to bring its tax laws into line with European Union standards in the wake of revelations about sweet tax deals for big companies. French President Francois Hollande said Friday ...(3/6/2015 1:06:20 PM)
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The Government of Luxembourg has confirmed that it will remove its contentious reduced rate of value-added tax (VAT) on e-books.(3/25/2015 2:09:57 PM)
Research and Markets: Luxembourg's Cards and Payments Industry 2015: Emerging Opportunities, Trends, Size, Drivers ...
Research and Markets has announced the addition of the "Luxembourg's Cards and Payments Industry: Emerging Opportuni(3/20/2015 5:13:00 AM)
France, Luxembourg lose lower VAT rate battle on ebooks
By Foo Yun Chee BRUSSELS (Reuters) - France and Luxembourg lost their battle to apply reduced VAT rates to ebooks on Thursday when a top European court agreed with EU regulators that only paper books qualified for lower taxes. EU rules allow member states to set lower rates of value-added tax on printed books but the European Commission decided two years ago that the 5.5 percent and 3 percent ...(3/5/2015 7:14:37 AM)
Life after loopholes leaves Luxembourg scrambling to preserve tax-haven status
Luxembourg's status as a fortress of wealth in the heart of Europe is in peril.The country transformed itself from a rural economy into the European Union's richest in less than a century by swapping fields and steel mills for hedge...(3/21/2015 8:16:33 PM)
Tax-dodgers 'not acceptable': Luxembourg Fin Min
Luxembourg's finance minister told CNBC Monday that a system which allows companies to evade tax is unacceptable.(3/9/2015 5:28:53 AM)
Source: Yahoo