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Mood "Steuerberatung und Rechtsberatung"
Tax & Legal Advising

Luxemburg closes loophole

29 December 2016
Read time: 1 min
Of Counsel (AEoI, CRS, FATCA)

Luxemburg closes loophole: Creative ways of profit determination will be made more difficult: In reaction to "Luxleaks"-scandal and after being reprimanded by the EU, Luxembourg has shut off a possible tax loophole for large corporations.

In Luxembourg, corporations have been able to save huge amounts of taxes via the determination of internal transfer prices and the intailing transfer of profits. Luxembourg is now closing this loophole. Luxembourg now demands that the analysis of transfer prices and the resulting profit determination are in keeping with the OECD standards.

Source: NZZ 28.12.2016