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| Author: | Jones, C. |
| Title: | Fiscal paradise? Luxembourg may lose some advantages in the post-1992 EEC. |
| Journal: | Banker
1989 : DEC, VOL. 139:766, p. 67-69 |
| Index terms: | BANKING LUXEMBOURG |
| Language: | eng |
| Abstract: | Review of the financial sector of Luxembourg in the post-1992 EEC. No withholding tax on dividend or interest payments for non-residents. Moves by other countries. Advantages of Luxembourg that may disappear after 1992 and Euromarket lending. Boost to Luxembourg stock exchange. Private banking. Bank balance-sheets. Search for private customers. Attraction for European re-insurance companies. Portfolio management. Shortage of office space and staff. Development as a financial centre. Problems: law on money laundering. 3 supervisory bodies. Boxes cover banks, investment funds, fee earnings, bank profits, and 20 biggest banks. |
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