Luxembourg: Death Of A Tax Haven?

It may be pushed into taxing foreign accounts

Little Luxembourg's longtime status as one of the world's most discreet tax havens has brought it fame and fortune. For decades, Belgian, French, and German depositors have brought suitcases of cash to the tiny principality. When the German government slapped a 30% withholding tax on investment income in 1992, this flow of money turned into a torrent.

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