Q: Luxembourg’s economy has been growing strongly and the fiscal position has been strong. How is the implementation of international tax initiatives going to affect that position, considering the country’s attractive tax system?
A: Many observers over the past couple of years have been surprised at how the base erosion and profit-shifting [BEPS] initiative at the G20 level and the Organisation for Economic Co-operation and Development [OECD] level could conclude its immense work, and we now have an agreed framework with lots of proposals that all the countries are called upon to implement.
