A financial delegation headed by HRH Prince Guillaume, Crown Prince of Luxembourg, accompanied by HRH Crown Princess Stéphanie, and led by HE Pierre Gramegna, Luxembourg Minister of Finance, is in Dubai today to promote closer collaboration between Luxembourg and the UAE in financial [...]

A financial delegation from Luxembourg led by Luxembourg Minister of Finance Pierre Gramegna is underway in Asia stopping in South Korea, Japan, at the Asian Financial Forum in Hong Kong, as well as in Beijing to promote Luxembourg’s expertise in international finance. The tour also includes Taipei, Taiwan where [...]

The European Commission faces a censure motion in the European Parliament next week after right-wing, and far-right Eurosceptic lawmakers united to condemn the role its president, Jean-Claude Juncker, played in Luxembourg tax evasion [...]

In the 2014 Transparency International Corruption Perceptions Index, Luxembourg has scored 82, rising to 9th place, from 11th place last year, putting it in front of Germany, Belgium and the UK. The Index ranks countries on how corrupt their public sector is perceived to be. It is based on a 100-point [...]

The sukuk was issued via a special purpose vehicle named JANY Sukuk Company with Goldman Sachs Group acting as guarantor of the issue. This issue invests in Sharia-compliant commodities and comprises USD 500 million of trust certificates that come to term after five years, with distribution payments [...]

Walmart has chipped $3.5 billion off its income tax liabilities over the past six years by stashing $76 billion in profits in offshore tax havens using a complex network of well-disguised subsidiary corporations, according to new research from one of the unions that backs long-running efforts to organize workers at [...]