Offshore: Changing of the old guard
The European Commission has opened its state aid investigation into Luxembourg's tax breaks for holdings, a system that has been in place for almost a century, as George Metaxas reports
Seventy-seven years sounds like a respectable age for a tax regime, but this is apparently not enough to spare it the pain of a European Union (EU) state aid investigation. On 8 February, 2006, the European EC (EC) opened such an investigation into Luxembourg tax laws that date back to 1929 and exempt certain holdings from corporate taxes.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651