Luxembourg: Weekly Roundup

LuxembourgPosted on 07 November 2023 by Team

KPMG has confirmed it is moving to a new headquarters in Luxembourg, where the firm currently employs around 1,800 staff. KPMG’s office will include a coworking space and a food court, and access to a large park in the Kirchberg plateau
It is important for taxpayers to start evaluating the potential impact of these new rules on their business structures. Asset managers should examine how their structures, investments, and returns could be impacted by Pillar Two.
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One of the wealthiest countries in the world, Luxembourg is renowned for its gromperekichelcher, fine wines and medieval castles.
The research published today by IRIS says 59 Canadian companies - including 33 headquartered in Quebec - transferred some $119.8 billion in net profits to the European low-tax country over a period of about 10 years.
Study: Canadian companies transferred billions to Luxembourg to avoid paying taxes |
Luxembourg, a little-known European nation that's one of the wealthiest countries in the world.

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