Luxembourg

Details

  • Type: Press release
  • Date: 7/14/2014

Contact

Frank Stoltz

Partner

Tel. +352 22 51 51 5520

frank.stoltz@kpmg.lu

 

Emilien Lebas
Manager
Tel. +352 22 51 51 5472
emilien.lebas@kpmg.lu

Insurance companies and FATCA: What we know for now 

Tax transparency and exchange of information have been extensively discussed over the past twelve months. In this process, on July 1st, 2014 the Foreign Account Tax Compliance Act (FATCA) has been the first of the numerous recent initiatives to come really to life.

Whereas the potential impact of the ongoing process on the banking industry has been analyzed in details, the same is not true regarding the potential consequences on the Luxembourg insurance industry.

 

Source: Agefi, July/August 2014

 

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