The Luxembourg government has published a draft law ensuring that major corporations based in the country adhere to the global minimum tax, as outlined by the directives of the Global Anti-Base Erosion (GloBE) agreed upon by the OECD and G20. This imposition would apply to multinational or domestic companies with an annual turnover exceeding 750 million euros.
Related Post
Corporate Transparency Act Update
United States: The Corporate Transparency Act of the U.S. requires both domestic and foreign companies to disclose...
New AML Requirements in BVI
BVI: Changes in anti-money laundering compliance requirements for funds and investment managers.
Final Beneficiaries in Cayman
Cayman Islands: Regulation approved allowing final beneficiaries to reserve personal information.