Banking secrecy has been a staple of the Luxembourg financial sector for decades. In recent years, political pressure and interest have increasingly focused on the need for enhanced international cooperation and transparency in tax and banking matters. During this seminar, we will give you an overview of current trends in Luxembourg banking secrecy in relation to various topics including international cooperation in the field of money laundering and terrorist financing.
Among these recent trends, cooperation between tax administrations and transmission of information play a central role and will give rise to new challenges for taxpayers and their advisors. The speakers will provide an update on the global standard of the automatic exchange of tax information (as developed by the OECD) as well as on the amendments to the EU Directive on mandatory automatic exchange of information in the field of taxation, sharing Allen & Overy’s views on the implications for Luxembourg.
Julie Chartrain-Hecklen (tax senior associate) will focus on the automatic exchange of information; Jean Schaffner (tax partner) will address the context of this exchange at the OECD level and Henri Wagner (managing partner) and Clémence Igot (banking junior associate) will elaborate on banking secrecy.
Practical information:
The seminar will be conducted in English. Breafkast will be served.
Register online.