Legal News

Luxembourg succumbs to global FATCA pressure

Published on: 22 April 2013

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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