The Brewer Morris European salary guide provides insight into the key industry trends facing tax professionals. Our report includes both a complete breakdown of salaries, firstly by country then tax specialism, as well as a market commentary for each specific region. We are delighted to have insight from tax leaders across a variety of European countries to support this guide. They highlight the key challenges facing the European market which include: digitalisation, tax transparency & BEPS.
Below is an extract from the Luxembourg section.
Luxembourg has done very well over the last few years in attracting international investment via holding and financing companies from MNC’s. However, the Luxembourg Leaks scandal and the impact of BEPS and the EU’s Anti-Avoidance Directive (ATAD) have all had a major effect on Luxembourg’s tax system in recent
years. Concern remains over the impact of the OECD and EU anti-avoidance initiatives given the amount of multinational capital flows into the country. Public outrage following the Luxembourg Leaks scandal put the government in a challenging positions as they seek to strike a balance between tackling avoidance and remaining competitive.