ABBL: Luxembourg is fully committed to the fight against tax fraud and tax evasion Luxembourg's compliance with the Foreign Account Tax Compliance Act (FATCA) moved a step closer on March 6 after the government adopted draft legislation to ratify its bilateral intergovernmental agreement with the US.
On March 18, the European Commission (EC) released its Tax Transparency Package which it hopes will serve as a tool for “healthier” tax competition and help member states recognise illicit tax practices.
