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By Gerard Laures, Tax Partner, KPMG Luxembourg Emilien Lebas, Tax Manager, KPMG Luxembourg
Tax transparency and exchange of information have been extensively discussed at both European Union (EU) and international level in the past twelve months. An impressive number of initiatives have been taken in this domain, some of which overlapping with others in such a way that it is not always easy not to be confused(1).
In this context, on 9 April 2013, five EU Member States, i.e. Germany, Italy, Spain, France and the United Kingdom (UK), submitted a signed letter to the Commission whereby they committed themselves to develop a “pilot multilateral exchange facility” to enhance the automatic information exchange. After additional EU Member...
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