Alert regarding a circular issued by the Luxembourg tax authorities regarding the VAT deduction right. The Luxembourg VAT authorities impose the direct allocation and special prorata methods based on allocation keys other than that based on turnover. This change is applicable as from 2013.
VAT deduction right
Luxembourg boosts cooperation on tax information exchange
Capital markets reform: MiFID II
Recent agreements on implementation of Basel lll in Europe and implications for banks
Global 4Q 2012 quarterly earnings call themes report
FATCA: 12 months to go, 12 things to do
Eurozone - Outlook for Financial Services - Spring edition 2013
Successful corporate banking: keep customers close
EU Financial Transaction Tax in January 2014? The Commission’s revised proposal
Guiding an industry in transition
Amid significant global regulatory reform, banks and securities firms are faced with numerous challenges and sweeping changes. How should banks' operating models evolve? Where are the greatest opportunities for growth? What is the most effective way to raise and manage capital?
These are some of the questions banks are wrestling with as they seek to comply with new regulations while meeting the expectations of customers and shareholders for service, transparency and return-on-investment.
We provide guidance in these key areas:
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