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Stock Market / Finance in Luxembourg

  • Luxembourg court charges French reporter over ‘LuxLeaks’ role

    FRANCE, 2015/05/13 A court in Luxembourg has pressed charges against a French journalist over his role in revealing the so-called “LuxLeaks” scandal involving custom-made tax deals for large corporations. "The investigative judge charged a French journalist accused of being a co-author, if not an accomplice in crimes committed by a former PwC [PricewaterhouseCoopers] employee," the prosecutor's office said in a statement on Thursday, without naming the journalist. A court source later confirmed that the French journalist is Edouard Perrin, who initial broke the story in 2012 in a programme on France 2 TV station.
  • Finance Minister Luc Frieden

    LUXEMBOURG, 2013/04/09 Luxembourg is prepared to relieve its banking secrecy rules and work additional closely with foreign tax authorities, Finance Minister Luc Frieden told a paper, in a comment welcomed by Germany which wants to crack down on tax havens. Frieden told the Frankfurter Allgemeine Sonntagszeitung there was an international trend towards automatically exchanging data about depositors, adding; "We no longer strictly reject this, in contrast to formerly."
  • Luxembourg to host the Greek SICAV

    LUXEMBOURG, 2013/01/01 Greek Development Ministry is planning the creation of a body that will operate as an investment company of variable capital (known by its French acronym SICAV), will be based in Luxembourg and its management will be appointed by the investors/shareholders and not by the Greek national, as daily Kathimerini reports quoting ministry's sources. The Hellenic Investment Fund, to be created along the lines of a appropriate committee statement issued in October,