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By Oliver R. Hoor and Keith O’Donnell, Atoz
On 29 February 2016, the Luxembourg Government presented the contemplated changes to the Luxembourg corporate tax system which should be implemented in 2017. The main changes comprise (i) a reduction of the corporate income tax rate, (ii) an increase of the minimum net wealth tax and (iii) limitations to the use of tax losses incurred as from 2017. On 21 April 2016, the Luxembourg Government presented some additional tax measures and amendments to the proposed limitations to the use of tax losses. This article provides a clear and concise overview of these measures and analyses their impact on the competitiveness of Luxembourg as a location of choice for the structuring of international business activities and investments...
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