Luxemburg in international tax planning

The most recent volume in the IBFD's series on International Tax Planning and an extremely valuable addition to the small amount of English-language literature coverin this important financial centre. As the main vehicles for international tax planning in Luxembourg are companies or businesses, the author has limited his analysis to cover the different forms of corporate taxation. The book is primarily intended for international tax experts requiring a clear explanation of the corporate tax structure in Luxembourg, but will also be of interest to locally based practitioners. The book is divided into five parts, as follows: - Introduction to Luxembourg as a country and financial centre, including some of the basic company and accounting law that could be of interest to international tax practitioners; - Fully taxable resident businesses, including the calculation of profits-based taxes and the other taxes to which such as business is subject, as well as an assessment of the potential effects of net-worth-based taxes and capital contribution tax on a transaction. Taxation of non-residents is also addressed in detail; - Fully taxable "special purposes vehicles", including a full analysis of the banking and reinsurance sectors (including the system of credit for foreign taxation), with particular attention paid to the fully taxable holding company or SOPARFI. Other regimes established in Luxembourg to encourage industry (e.g. aids for new manufacturing enterprises) are examined in depth, in addition to tax breaks for investors and such enticements as Luxembourg's Maritime Register; - Tax-exempt vehicles, with reference to the 1929 holding company and investment funds; - Taxation of corporate reorganizations, with examples of how Luxembourg could be used in international tax planning.