Bank of China plans Yuan bond in Luxembourg
Quotes from the South China Morning Post: "The bonds, the first to be listed in the euro zone by a Chinese firm, will be issued by BOC’s Luxembourg branch and…
BNP being investigated by New York Federal Regulators
The Wall Street Journal reports: "The Paris-based lender said Thursday it set aside $1.1 billion for possible violation of laws, in particular those of the U.S. Treasury's Office of Foreign…
Luxembourg’s Clearstream Banking S.A. fined $152M in US
US Treasury fines Luxembourg Firm for Skirting Iran Sanctions Clearstream Banking S.A. settled with the US Office of Foreign Assets Control (OFAC) over the allegations to have violated US Iran…
BCCI victims pursue extra £200M payout
Make that $326,000,000 After 22 years (!) the liquidation process was closed. Wrongfully? A Luxembourg court will tell. Remarkably, against the odds and expert advice, a large percentage of the…
Luxembourg’s tax break that helps companies to make profit from loss
A tax break that helps companies to make profit from loss Written by Oman Observer This article by Tom Bergin is presently making its round across the universe, probably through…
Latin America is the second region in the world with the highest percentage of tax evaders
A Tax Justice Network compilation, from a Latin American angle. The numbers are staggering, and though G20 gets a reputation of doing nothing, I beg to differ a bit. G20…
Fitch Affirms Luxembourg at ‘AAA’ Outlook Stable
Fitch Ratings has affirmed Luxembourg's AAA rating, and pointed out Luxembourg's relatively good performance in GDP growth. Several statements indicate the key spots that will be considered in future assessments:…
Dolce and Gabbana convicted of tax evasion
Domenico Dolce and Stefano Gabbana were sentenced to 20 months in prison for tax evasion by an Italian court. 20 months in the cabana is no dolce vita. The good…
Memorial day 2013
"Boys don’t cry," my aunt Naomi would say. So when I had to, I used some concealing strategies. That was a long time ago. But I knew Naomi would pop…
Europe pushes to shed stigma of a tax haven
Luxembourg will join a Europe-wide effort to share records on bank accounts held by foreigners. By ANDREW HIGGINS The New York Times, The International Herald Tribune An excellent excursion into…
