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Par Gérard Laures, Tax Partner Emilien Lebas, Tax Senior Manager, KPMG Luxembourg
October 2014 will probably be remembered in the history of Luxembourg’s financial center as a decisive month when it comes to tax transparency and exchange of information. Translating into action its commitment for making automatic exchange of information (“AEoI”) a reality, the Grand-Duchy took two decisions of paramount importance. One can arguably consider that the process launched on 10 April 2013 by the former Prime Minister Jean-Claude Juncker at the occasion of his speech on the state of the Nation is now close to an end.
Exchange of information has been extensively discussed at both European Union (“EU”) and international level (“OECD”) in the past three...
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