Sector · Regulation · Tax

Luxembourg turbocharges its financial hub with tax exemptions

Finance minister Yuriko Backes addressing the 60-seat Luxembourg parliament on Tuesday. Image from video by ChambreTV.
Luxembourg’s parliament, with 55 votes in favour and only two against, has embraced a highly anticipated law that revamps its legislative arsenal for investment funds. Several fund categories, including European Long Term Investment Funds (Eltifs) and money market funds, are to be exempted from the registration tax imposed on Luxembourg-domiciled funds.

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