ACA launched its Residence-based taxation (RBT) lobbying campaign at the beginning of July and today officially registered as a lobbyist to move ahead utilizing its political action committee, ACA-PAC. ACA will lobby for RBT and related tax bills in both chambers of Congress.
The European AIF market is one of the fastest growing in the financial sector. To help financial market participants to stay on top of current trends in the AIF space, the AKD Quarterly Update provides information on selected Luxembourg and Dutch legal, tax and regulatory matters within the AIF industry.
ACA has responded to the National Taxpayer Advocate (NTA) on her recent, “Fiscal Year 2025 Objectives Report to Congress” and to the Treasury Inspector General for Tax Administration (TIGTA) on its report, “Opportunities Exist to Improve Taxpayer Service to Underserved, Underrepresented, and Rural Communities”.
A PwC report highlighting recommendations to the leadership of the Luxembourgish banking industry regarding the ECB’s latest priorities and with two areas not directly covered by the ECB: Tax- and Anti-Money Laundering (AML)-related matters..
ACA responded to a request by the IRS for comments on proposed regulations for Transactions with Foreign Trusts and Information Reporting on Transactions with Foreign Trusts and Large Foreign Gifts.
On 29 February 2024, ALFI responded to the ESMA consultation paper on technical advice on CSDR penalty mechanism.
ECJ ruled: no illegal State aid in the European Commission's Amazon case Today, the European Court of Justice (“ECJ”) annulled the decision of the Commission[1] that had decided that Luxembourg had granted Amazon unlawful State aid of about EUR 250 million in a tax ruling confirming the arm's length nature of deductible royalty payments by
Update of our information on the application for a business permit.
The Adem has just issued guidelines for Luxembourg employers who wish to employ third-country nationals.
On 20 July 2023, the Luxembourg Parliament adopted a new law that reforms the right of establishment in Luxembourg (the New Law).
Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
On 9 June 2023, both the Markets in Crypto-Assets Regulation (MiCA or MICAR) and the recast Regulation on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (TFR) were published in the Official Journal of the European Union. For the full text of the press release we refer you to the
