Luxembourg news: “welcoming tax regime” and “lack of political baggage” promoted internationally

Two articles on show Luxembourg looking for ways to market its financial services internationally.

The first refers to the Transatlantic Trade and Investment Partnership (TTIP):

“Little Luxembourg could win big should the US and the EU be able to strike an agreement on the Transatlantic Trade and Investment Partnership (TTIP), as it would facilitate access to financial services, but also encourage business investment, according to experts.”

“With economic investment in Europe from the US currently limited, as the sights are set towards Asia, TTIP could be a “game changer”” says one of the experts cited in the article.

“While some US companies may default to the US or Ireland for transatlantic cooperations, Luxembourg could be another favourite – located right in the heart of Europe, with a welcoming tax regime, an international workforce and “no political baggage.””

The second article refers to the growing ties between Luxembourg and China, illustrated via an event held by the China-Luxembourg Chamber of Commerce. It also identifies Luxembourg’s main competitor:

“In order to work together successfully, it is vital that the two cultures understand each other, the business community agreed on Thursday. Mutual confidence between Luxembourg and China meanwhile is going from strength to strength and business relationships develop rapidly.”

“Contrary to London, Luxembourg’s European competitor for the financial services market, employees of businesses choosing to settle in Luxembourg will benefit from easier travel within Schengen.”

Luxembourg is ranked 2nd on the Financial Secrecy Index.


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