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New regulations, such as Foreign Account Tax Compliance Act (FATCA) and Base Erosion and Profit Shifting (BEPS), are currently changing the Trust Corporate Services (TCS) market, bringing up new challenges. Looking into these consequences were the speakers and panelists of Deloitte Luxembourg’s international Trust Corporate Services conference, which gathered over 100 participants at the Mudam this week.
The Luxembourg Trust Corporate Services market
The Trust Corporate Services (TCS) represents around EUR500m of turnover and around 45,000 investment vehicles and employs over 2,600 people. As a comparison, representing about 10% of the banking sector in Luxembourg, this key sector remains relatively...
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