Table of contents
- Original news
- What is the significance of Luxembourg’s decision?
- What will this mean for the global tax landscape?
- Could this lead to other tax havens modifying their approach?
- How will automatic exchange of information function?
- What does this mean in practice, how will this impact on private deposits and business arrangements?
- How should lawyers be advising clients in light of this announcement?
Article summary
Private Client analysis: As Luxembourg alters its banking disclosure policy on funds held by private EU savers, Matthew Wentworth-May, barrister and senior associate with Olswang LLP, predicts we can reasonably expect the impact of Foreign Account Tax Compliance Act (FATCA) to continue to be felt on a global scale.
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