Ethics and governance in the European Financial centers

The QI program has recently been the focus of several discussions involving the IRS, the US legislator and some
international accounting firms. The much broadcasted purpose was to set up potential enhancements to the Qualified Intermediaries (QI) regime in order to prevent tax avoidance techniques used by certain US taxpayers. As a result, revised QI rules are expected before the year end.
PwC Luxembourg proposes a review of activities and procedures to comply.