Tuesday 5th July 2011
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LUXEMBOURG FACT-FILE

Luxembourg is a constitutional monarchy, has a land area of about 1,000 sq miles, a population of just over 500,000, and is sandwiched between Belgium, France and Germany. With Belgium and the Netherlands, it forms part of Benelux, which was a precursor of the EU. Luxembourg was a founder-member of the EU and hosts many of the EU's financial institutions. Languages spoken are French, German and English, with Luxemburgish the everyday language of Luxembourgers.

Economy Buoyant Based on Financial Services

Luxembourg's economy was dominated by steel production, but since the Second World War the Government has successfully encouraged development of a diversified financial sector. Tourism is also important. In Europe, Luxembourg has the second most extensive banking industry after London with over 150 banks (at the time of writing). The Luxembourg private banking industry is possibly Europe's biggest. The Stock Exchange specialises in collective investment funds and many of the several thousand Luxembourg-registered funds are also listed there.

Visit the Full Luxembourg Fact-file

- Luxembourg Executive Summary
- Luxembourg Country and Foreign Investment
- Luxembourg Types Of Company
- Luxembourg Offshore Business Sectors
- Luxembourg E-Commerce
- Luxembourg Law of Offshore
- Luxembourg Offshore Legal and Tax Regimes
- Luxembourg Domestic Corporate Taxes
- Luxebourg Personal Taxes
- Luxembourg Labour Regulation
- Luxembourg Double Tax Treaties

LUXEMBOURG TAX-NEWS

EU Taxes Edge Nearer
European Commission President Jose Manuel Barroso has recently unveiled details of the Commission’s proposals for the European Union 2014-2020 multi-annual budget, providing for a fundamental reform of financing, to be achieved by means of a European financial transactions and sales tax. Read full story

Luxembourg, Tajikistan Ink DTA
During an official visit to Luxembourg by Tajikistan’s President Emomali Rahmon and accompanying delegation, the talks centred on strengthening bilateral relations, on human rights, as well as on economic and financial issues, culminating in the signing of a bilateral double taxation agreement between the two countries. Read full story

Germany, Luxembourg Ink Salaries Agreement
In order to avoid double taxation, Germany’s Finance Minister Wolfgang Schäuble and his Luxembourg counterpart Luc Frieden have announced their agreement on more precise provisions pertaining to the taxation of cross-border workers. Read full story

Read more news at Tax-News.com

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