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With the Road Running Out for Tax Havens, Can Luxembourg Finally Remake its Financial Sector?

By MENAFN   In a long-awaited report, the OECD recently released two blueprints of how to completely overhaul the way that multinational corporations are taxed. One of the most important elements of the proposed remodeling of the global corporate tax code would be new rules ensuring that digital companies—including tech giants such as Google and Amazon—pay tax where they carry out their business, rather than where they register subsidiaries.   This particular reform would have a significant effect not just on the companies which have for years taken advantage of legal loopholes and favorable tax regimes to slice their tax...