The power to tax is not the power to destroy!

The Luxembourg private banking industry requires a structural reshaping of its business model. Private bankers will definitively have to differentiate and innovate in order to maintain their attractiveness towards clients who are increasingly on the look-out for advice to optimise their investments.

Executive summary

In this context, an efficient tax management of their clients’ investments is a true value-added service that private bankers need to consider. Let’s step back for a minute to understand the recent changes that have impacted the Luxembourg environment before describing one of these new value proposition services: Tax Relief &
Reclaim assistance.

Moving toward a fiscally transparent environment

Since 2009, several initiatives at both European and international level have impacted and are going to further affect the scope of banking secrecy so that Luxembourg can gradually enter a fiscally transparent environment bursting with challenges and opportunities. 

Inside magazine issue 4 – March 2014

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics). 

Inside magazine issue 4
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