Regulation · Tax

Luxembourg plans to cut subscription tax on Eltifs

Luxembourg finance minister Yuriko Backes. Photo: Luxembourg finance ministry.

Luxembourg is taking measures to become more competitive in the international funds market. Finance Minister Yuriko Backes has revealed plans to amend the "subscription" tax imposed on funds such as European Long Term Investment Funds, known as Eltifs, a move aimed at preserving Luxembourg's position as a leading fund location in Europe.

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