Luxembourg Tightens Tax Rules Amid EU Pressure; Stricter rules for multinationals' financing arms comes amid EU effort to close tax loopholes

Luxembourg has offered companies so-called "tax rulings," which, in some cases, have allowed them to lower their tax bill by reporting lower profit margins and a lower taxable capital base.

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2016-12-27
Main Authors: Julia-Ambra Verlaine, Laurence Norman, Norman, Laurence
Format: Newspaper Article
Language:English
Subjects:
Loopholes
Profit margins
Tax planning
Tax rates
Transfer pricing
Vestager, Margrethe
Online Access:Get full text
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Description
Summary:Luxembourg has offered companies so-called "tax rulings," which, in some cases, have allowed them to lower their tax bill by reporting lower profit margins and a lower taxable capital base.
ISSN:2574-9579