Archives > 2009-11

Reuters as reported that a Luxembourg court will decide in hearings starting today whether investors have the right to bring direct claims against the fund’s custodian and auditor. The Commission de Surveillance du Secteur Financier , Luxembourg’s financial regulator, last week said it “falls exclusively to the courts” to decide whether banks must pay compensation over their role as depositary.

The head of the Luxembourg tax administration will testify before the court. He stated that "ruling" is neither illegal nor exceptional in Luxembourg He is right. I will quote a comment on TJN website: Nobody dares talking about the horrendous tax advantages granted by some tax administration offices in "tax rulings" to off-shore structures, giving a "taxable income label" to next...

PwC has just published its Economic Crime Survey. There are no respondants from Luxembourg as officially economic crime does not exist, so corruption does not exist in this...

A couple of months ago, after the release of Rainer Falk's report and prior to its censorship under pressure including threats on the financing of Luxembourg NGOs ABBL stated that "Luxembourg...

Challenge has reported that OECD is going to investigate in Monaco. The signature of most tax agreements with tax havens sounds like a way to fool the audience. Know more