The CAPE - Centre des Arts Pluriels Ettelbrück is hosting the third edition of its A CAPE'lla Festival. Delano has 2 festival passes to give away.
The A CAPE'lla festival showcases the art of a capp...
The European directive includes rules to clamp down on several common international tax evasion methods, such as profit shifting to low or no tax jurisdictions, preventing double non-taxation of income, and the use of artificial intra-company debt arrangements.
“includes provisions related to five main topics: interest limitation, exit taxation, a general anti-abuse rule (GAAR), controlled foreign companies (CFC), and intra-EU hybrid mismatches. It also includes two additional measures, namely the modification to the rules on tax neutrality applicable to the conversion of debts and the modification to the domestic definition of permanent establishment. As mentioned before, the business-friendly approach taken by Luxembourg is to respect all requirements from the Directive, but also to use all the exemptions allowed by it”.
KPMG also stated:
“These new measures will apply to financial years starting on or after 1 January 2019, except for the provisions on exit taxation, which will apply to financial years starting from 1 January 2020.”