Ethics and governance in the European Financial centers

Luxembourg yesyerday said it would not agree to a compromise, which delays the implementation of new rules for VAT on services

At 15 pct, Luxembourg has the lowest VAT rate normally allowed in the EU, which has attracted companies such as AOL, Apple and Skype to set up office there.



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Deloitte Luxembourg this week published a presse release about its growth.
They explain that it is mainly due to the growth of the financial center, to a positive international context, and customised services . In the press release growth does not appears as a value, which is a good thing.
They analyse professionaly the growth.



Read press release