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If you lived in Holland, Belgium, Germany or France around roughly 20 years ago, Luxembourg probably stood as a fixed destination for a once a year daytrip with the family. While in most European countries the withholding tax stood at 15 percent, most of the financial revenues were paid out tax free in Luxembourg. Now, 20 years later, in the slipstream of an official Luxembourg trade mission that just headed back home, a seminar on Tuesday at the Ýstanbul Swissotel called “Luxembourg: A Global Financial Center” revealed what can be done.

 


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